Veritas (India)

₹1400.5 27.5 | 2%

WEBSITE BSE:512229 NSE : VERITAS 18 May, 12:50

Market Cap ₹3755 Cr.

Stock P/E 19.6

P/B 1.5

Current Price ₹1400.5

Book Value ₹ 925

Face Value 1

52W High ₹1588

Dividend Yield 0%

52W Low ₹ 160

Edit Ratio

Veritas (India) Research see more...

Overview Inc. Year: 1985Industry: Trading

Veritas (India) Ltd is an India-based holding business enterprise. The Company's main business activities encompass wholesale trade, except of motor vehicles and bikes. The Company's segments consist of trading, distribution and improvement, and wind electricity generation. The Company is engaged inside the commercial enterprise of imports, export, buying and selling and distribution of chemical substances, metals, rubber and other commodities. The Company is also engaged in the commercial enterprise of international buying and selling and distribution of polymers, paper and paper boards, heavy distillates chemical substances, improvement of software program, and manufacture of ceramics products, amongst others. The Company is engaged within the generation of wind energy. The Company's subsidiaries encompass Dharni Farming Pvt Ltd, Veritas Agro Ventures Pvt Ltd, Veritas Polychem Pvt Ltd, Hazel International FZE, Veritas International FZE and Veritas America Trading Inc.

Veritas (India) Share Price

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Peer Comparison

Veritas (India) Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	827	459	512	392	540	572	659	495	941	1324
Other Income	0	1	-2	3	0	1	0	0	0	56
Total Income	827	460	510	395	540	573	659	495	941	1380
Total Expenditure	780	431	476	366	503	533	618	453	884	1269
Operating Profit	47	29	34	29	37	40	41	42	57	111
Interest	5	2	6	4	4	6	4	8	6	6
Depreciation	8	8	8	8	9	9	9	9	9	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	34	18	19	17	24	25	29	25	42	96
Provision for Tax	0	1	0	-0	0	0	0	0	0	1
Profit After Tax	34	18	19	17	24	25	29	25	42	96
Adjustments	-0	-0	0	-0	0	0	0	-0	-0	-0
Profit After Adjustments	34	18	19	17	24	25	29	25	42	96
Adjusted Earnings Per Share	12.8	6.6	7.1	6.3	8.9	9.3	10.8	9.4	15.5	35.7

Veritas (India) Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	914	1202	1503	1456	1648	1679	1876	2037	1876	2131	2163	3419
Other Income	0	3	0	0	2	8	12	50	6	2	5	56
Total Income	914	1205	1503	1456	1651	1688	1888	2087	1882	2134	2168	3475
Total Expenditure	888	1166	1446	1388	1567	1609	1766	1899	1715	1977	2021	3224
Operating Profit	27	39	57	68	83	79	122	187	167	157	147	251
Interest	5	6	6	6	9	7	51	35	24	19	17	24
Depreciation	1	1	1	1	1	1	25	30	32	32	34	36
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	21	33	50	61	73	71	46	122	111	106	96	192
Provision for Tax	2	2	2	1	2	3	3	0	1	1	1	1
Profit After Tax	19	31	48	60	71	68	44	122	109	105	95	192
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	19	31	48	60	71	68	44	122	109	105	95	192
Adjusted Earnings Per Share	8	12.8	19.8	22.5	26.7	25.3	16.2	45.6	40.8	39.1	35.4	71.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	2%	5%	9%
Operating Profit CAGR	-6%	-8%	13%	18%
PAT CAGR	-10%	-8%	7%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	783%	174%	93%	48%
ROE Average	4%	5%	5%	7%
ROCE Average	5%	5%	5%	7%

Veritas (India) Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	150	191	1023	1116	1180	1247	1697	1889	1974	2111	2304
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	3	2	68	255	490	464	385	299	272	131	36
Other Non-Current Liabilities	2	2	8	167	246	407	313	449	543	508	674
Total Current Liabilities	228	231	326	256	291	818	583	657	497	1251	1106
Total Liabilities	384	427	1426	1794	2207	2936	2978	3295	3285	4001	4121
Fixed Assets	8	21	856	857	858	858	1896	2038	1982	1984	2053
Other Non-Current Assets	1	2	86	388	733	1323	338	338	341	343	353
Total Current Assets	375	404	484	549	616	755	745	918	963	1673	1715
Total Assets	384	427	1426	1794	2207	2936	2978	3295	3285	4001	4121

Veritas (India) Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	15	13	12	15	87	49	57	72	2	6	6
Cash Flow from Operating Activities	-79	-13	-25	156	80	279	225	145	144	121	81
Cash Flow from Investing Activities	4	-5	-85	-303	-346	-587	-77	-88	-10	27	-3
Cash Flow from Financing Activities	73	17	113	219	228	317	-133	-87	-130	-148	-76
Net Cash Inflow / Outflow	-2	-1	3	72	-38	9	15	-30	4	-0	1
Closing Cash & Cash Equivalent	13	12	15	87	49	57	72	42	6	6	8

Veritas (India) Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.95	12.82	19.84	22.47	26.66	25.27	16.23	45.61	40.82	39.05	35.36
CEPS(Rs)	8.18	13.05	20.09	22.73	26.93	25.52	25.51	56.85	52.68	50.97	48.21
DPS(Rs)	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Book NAV/Share(Rs)	61.83	79.04	422.76	416.17	440.18	464.96	633	704.64	736.16	787.45	859.27
Core EBITDA Margin(%)	2.89	2.99	3.8	4.68	4.92	4.22	5.85	6.76	8.6	7.25	6.58
EBIT Margin(%)	2.84	3.22	3.76	4.64	5.01	4.67	5.17	7.72	7.21	5.86	5.21
Pre Tax Margin(%)	2.28	2.72	3.34	4.22	4.44	4.24	2.48	6.01	5.91	4.96	4.42
PAT Margin (%)	2.11	2.58	3.2	4.14	4.34	4.03	2.32	6	5.83	4.91	4.38
Cash Profit Margin (%)	2.17	2.63	3.24	4.19	4.38	4.07	3.65	7.48	7.53	6.41	5.97
ROA(%)	6.16	7.66	5.18	3.74	3.57	2.64	1.47	3.9	3.33	2.87	2.33
ROE(%)	13.98	18.2	7.91	5.63	6.23	5.58	2.96	6.82	5.67	5.13	4.3
ROCE(%)	12.04	12.95	7.22	4.9	4.93	3.88	4.4	6.99	5.79	5.27	4.59
Receivable days	113.26	112.61	88.65	95.44	102.62	127.82	117.28	125.8	173	212.99	271.9
Inventory Days	1.48	0.7	3.06	2.99	3.81	5.3	13.18	10.83	0.05	6.78	10.38
Payable days	39	32.3	34.43	36.98	27.26	44.08	68.3	90.93	92.55	128.34	175.25
PER(x)	3.27	2.07	2.88	5.25	4.42	6.82	3.3	0.59	1.68	2.97	4
Price/Book(x)	0.42	0.34	0.14	0.28	0.27	0.37	0.08	0.04	0.09	0.15	0.16
Dividend Yield(%)	0.19	0.19	0.09	0.04	0.04	0.03	0.09	0.19	0.07	0.04	0.04
EV/Net Sales(x)	0.18	0.16	0.22	0.44	0.55	0.82	0.3	0.22	0.28	0.26	0.27
EV/Core EBITDA(x)	6.29	4.88	5.82	9.35	10.95	17.36	4.65	2.4	3.16	3.58	4.04
Net Sales Growth(%)	15.69	31.5	25.01	-3.12	13.24	1.87	11.69	8.59	-7.88	13.6	1.49
EBIT Growth(%)	40.62	49.1	45.91	19.49	22.35	-5.05	23.71	62	-13.99	-7.58	-9.72
PAT Growth(%)	42.68	61.19	54.76	25.4	18.68	-5.22	-35.76	180.97	-10.5	-4.34	-9.44
EPS Growth(%)	42.68	61.19	54.76	13.24	18.68	-5.22	-35.76	180.97	-10.5	-4.34	-9.44
Debt/Equity(x)	0.78	0.73	0.2	0.37	0.55	0.78	0.29	0.22	0.2	0.13	0.1
Current Ratio(x)	1.64	1.75	1.48	2.14	2.12	0.92	1.28	1.4	1.94	1.34	1.55
Quick Ratio(x)	1.63	1.74	1.41	2.14	2	0.9	1.07	1.4	1.94	1.28	1.51
Interest Cover(x)	5.07	6.37	8.94	11.17	8.84	10.83	1.92	4.52	5.57	6.52	6.53
Total Debt/Mcap(x)	1.86	2.18	1.51	1.29	2.04	2.1	3.45	5.79	2.11	0.86	0.61

Veritas (India) Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.23	63.36	63.36	56.79	22.83	63.37	55.01	55.01	55.01	55.01
FII	9.7	9.7	9.7	9.7	9.7	0	9.7	9.91	9.73	9.71
DII	0	0	0	0	0	0	0	0	0	0
Public	25.08	26.94	26.94	33.51	67.47	36.63	35.3	35.09	35.27	35.29
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.75	1.7	1.7	1.52	0.61	1.7	1.47	1.47	1.47	1.47
FII	0.26	0.26	0.26	0.26	0.26	0	0.26	0.27	0.26	0.26
DII	0	0	0	0	0	0	0	0	0	0
Public	0.67	0.72	0.72	0.9	1.81	0.98	0.95	0.94	0.95	0.95
Others	0	0	0	0	0	0	0	0	0	0
Total	2.68	2.68	2.68	2.68	2.68	2.68	2.68	2.68	2.68	2.68

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 5% over the last 3 years.
Debtor days have increased from 128.34 to 175.25days.
The company has delivered a poor profit growth of 6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Veritas (India) News

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Veritas (India)

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Veritas (India) Research see more...

Overview Inc. Year: 1985Industry: Trading

Veritas (India) Share Price

Alert Data

Quarterly Price

Peer Comparison

Veritas (India) Quarterly Results

Veritas (India) Profit & Loss

Growth Rates

Veritas (India) Balance Sheet

Veritas (India) Cash Flow

Veritas (India) Ratios

Veritas (India) Shareholding Pattern

Veritas (India) News

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