Veto Switchgears and Cables Limited
VETO · NSE · Industrials
StocksWizard rates Veto Switchgears and Cables Limited a Strong Buy, scoring 79/100 on our blended model. At ₹131.74 it trades below our blended DCF and relative-multiples fair value of ₹263.48, implying roughly 100% upside to that estimate — we read the stock as undervalued by 100%. Financial health scores 61/100 (grade C), in the safe band on the Altman Z-score, with a Piotroski F-score of 5/9. It clears 10 of 13 investability checks, with durability 54, valuation 88 and momentum 94 on our 0–100 scales.
These are StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹210.78. Low-confidence estimate — limited data.
Piotroski F-score 5/9 — quality of earnings & balance sheet.
Investability checklist
- ✕ROE above 15%8.8%
- ✓Low debt (D/E < 0.5)0.07x
- ✓Positive free cash flow
- ✓Revenue growth > 10%56%
- ✓Earnings growing18%
- ✕Net margin ≥ 10%6.5%
- ✓Current ratio > 1.53.19
- ✓Below our fair value
- ✓Margin of safety ≥ 20%
- ✓Above 200-day average
- ✓Above 50-day average
- –Positive 1-year return
- ✓Altman Z in safe zoneZ 3.42
- ✕Piotroski ≥ 75/9
1-year price
EOD · 2026-06-19Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Quarterly results
Annual financials
Shareholding
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
SWOT snapshot
Strengths
- •Lightly leveraged balance sheet.
- •Financially solid — Altman Z 3.42.
Opportunities
- •Earnings growing (18% YoY).
- •Revenue growing (56% YoY).
- •Trading in our value buy zone versus sector peers.
- •Trades ~100% below our estimated fair value.
About Veto Switchgears and Cables Limited
Veto Switchgears and Cables Limited, together with its subsidiaries, engages in the manufacture and sale of wires and cables, and electrical accessories in India and internationally. It operates through Wire and Cables, Lighting & Fittings, and Accessories & Others segments. The company offers modular switches; LED lightning, including slim LED panel, concealed light, deep light, spotlight, flood light, streetlight, strip light, rope light, LED bulb, LED tube light, wall and
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All stocksOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.