Modison Ltd vs Veto Switchgears Cables Ltd Stock Comparison

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Last Updated on: May 25, 2026

Key Highlights

The Latest Trading Price of Modison Ltd is ₹ 208.5 as of 25 May 13:11 . The P/E Ratio of Modison Ltd changed from 6.8 on March 2021 to 16.1 on March 2025 . This represents a CAGR of 18.81% over 5 yearsThe P/E Ratio of Veto Switchgears & Cables Ltd changed from 15 on March 2021 to 8.7 on March 2025 . This represents a CAGR of -10.32% over 5 years The Market Cap of Modison Ltd changed from ₹ 152.35 crore on March 2021 to ₹ 398.65 crore on March 2025 . This represents a CAGR of 21.21% over 5 yearsThe Market Cap of Veto Switchgears & Cables Ltd changed from ₹ 221.54 crore on March 2021 to ₹ 193.39 crore on March 2025 . This represents a CAGR of -2.68% over 5 years The revenue of Modison Ltd for the Mar '26 is ₹ 289.12 crore as compare to the Dec '25 revenue of ₹ 156.35 crore. This represent the growth of 84.92% The revenue of Veto Switchgears & Cables Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 revenue of ₹ 94.77 crore. This represent the decline of -100% The ebitda of Modison Ltd for the Mar '26 is ₹ 53.26 crore as compare to the Dec '25 ebitda of ₹ 31.57 crore. This represent the growth of 68.7% The ebitda of Veto Switchgears & Cables Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 ebitda of ₹ 10.36 crore. This represent the decline of -100% The net profit of Modison Ltd changed from ₹ 1.15 crore to ₹ 36 crore over 8 quarters. This represents a CAGR of 459.50% The net profit of Veto Switchgears & Cables Ltd changed from ₹ 4.88 crore to ₹ 0 crore over 8 quarters. This represents a CAGR of -100.00% The Dividend Payout of Modison Ltd changed from 21.73 % on March 2021 to 46.09 % on March 2025 . This represents a CAGR of 16.23% over 5 yearsThe Dividend Payout of Veto Switchgears & Cables Ltd changed from 11.86 % on March 2021 to 8.88 % on March 2025 . This represents a CAGR of -5.62% over 5 years .

About Modison Ltd

Modison Limited was formerly incorporated as 'Modison Metals Limited' as a trading unit in 1965, by Mr. G.L. Modi, to deal in tool steels and export of engineering and general merchandise.
Later, the name of the Company was changed from Modison Metals Limited' to Modison Limited', pursuant to the fresh Certificate of Incorporation dated 22nd July, 2022. Founded in 1965, Modison Limited is a brand to reckon with in the manufacturing of electrical contacts for switchgear in India and globally.
It has stood amongst a handful of companies around the world that manufactures electrical contact materials and finished contacts for all the areas of the switchgear industry including Low, Medium, High and Extra High Voltage.
It also produces goods for dominant sectors such as automotive, engineering, aerospace, marine, defense, and railways.

About Veto Switchgears & Cables Ltd

Veto Switchgears and Cables Limited was originally incorporated as a Partnership Firm on June 26, 2003 as 'Veto Industries'.
On April 1, 2007, the Firm was changed to 'Veto Switchgears and Cables' and subsequently, on June 20, 2007, the Partnership Firm was converted into the Private Company as 'Veto Switchgears and Cables Private Limited' and thereafter, it got changed to 'Veto Switchgears and Cables Limited' on August 3, 2012. Veto is the first company to produce ISI mark electrical accessories in India.
Its manufacturing plants in India are located at Haridwar and Mumbai which are continuously manufacturing all the products with excellence and precision in the electrical industry.
Veto Switchgears is part of Jaipur, Rajasthan based Gurnani Group which engages in manufacturing of wires & cables, electrical accessories & also deals in LED lighting, CFL & Fans.

FAQs for the comparison of Modison Ltd and Veto Switchgears & Cables Ltd

Which company has a larger market capitalization, Modison Ltd or Veto Switchgears & Cables Ltd?

Market cap of Modison Ltd is 563 Cr while Market cap of Veto Switchgears & Cables Ltd is 215 Cr

What are the key factors driving the stock performance of Modison Ltd and Veto Switchgears & Cables Ltd?

The stock performance of Modison Ltd and Veto Switchgears & Cables Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Modison Ltd and Veto Switchgears & Cables Ltd?

As of May 25, 2026, the Modison Ltd stock price is INR ₹173.75. On the other hand, Veto Switchgears & Cables Ltd stock price is INR ₹112.55.

How do dividend payouts of Modison Ltd and Veto Switchgears & Cables Ltd compare?

To compare the dividend payouts of Modison Ltd and Veto Switchgears & Cables Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.