WEBSITE BSE:512229 NSE: VERITAS Inc. Year: 1985 Industry: Trading My Bucket: Add Stock
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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 dist...Read More
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. ...Read Less
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Market Cap ₹495 Cr.
Stock P/E 4.4
P/B 0.2
Current Price ₹184.6
Book Value ₹ 1031.2
Face Value 1
52W High ₹417
Dividend Yield 0.03%
52W Low ₹ 132.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 941 | 1324 | 1095 | 756 | 916 | 1642 | 786 | 587 | 1006 | 988 |
| Other Income | 0 | 56 | 0 | 1 | 13 | 3 | -12 | 3 | -0 | 1 |
| Total Income | 941 | 1380 | 1095 | 756 | 929 | 1646 | 774 | 589 | 1006 | 988 |
| Total Expenditure | 884 | 1269 | 1044 | 691 | 867 | 1592 | 759 | 551 | 991 | 963 |
| Operating Profit | 57 | 111 | 51 | 65 | 61 | 53 | 15 | 39 | 15 | 25 |
| Interest | 6 | 6 | 11 | 8 | 14 | 13 | 6 | 5 | 4 | 3 |
| Depreciation | 9 | 9 | 16 | 9 | 10 | 10 | 10 | 10 | 10 | 11 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 12 |
| Provision for Tax | 0 | 1 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 1 |
| Profit After Tax | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 11 |
| Adjustments | -0 | -0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 11 |
| Adjusted Earnings Per Share | 15.5 | 35.7 | 9.1 | 17.9 | 13.7 | 11.2 | -0.4 | 9 | 0.2 | 4.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1503 | 1456 | 1648 | 1679 | 1876 | 2037 | 1876 | 2131 | 2163 | 3855 | 4099 | 3367 |
| Other Income | 0 | 0 | 2 | 8 | 12 | 50 | 6 | 2 | 5 | 58 | 5 | -8 |
| Total Income | 1503 | 1456 | 1651 | 1688 | 1888 | 2087 | 1882 | 2134 | 2168 | 3912 | 4104 | 3357 |
| Total Expenditure | 1446 | 1388 | 1567 | 1609 | 1766 | 1899 | 1715 | 1977 | 2021 | 3651 | 3910 | 3264 |
| Operating Profit | 57 | 68 | 83 | 79 | 122 | 187 | 167 | 157 | 147 | 262 | 194 | 94 |
| Interest | 6 | 6 | 9 | 7 | 51 | 35 | 24 | 19 | 17 | 31 | 41 | 18 |
| Depreciation | 1 | 1 | 1 | 1 | 25 | 30 | 32 | 32 | 34 | 43 | 39 | 41 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 50 | 61 | 73 | 71 | 46 | 122 | 111 | 106 | 96 | 188 | 114 | 36 |
| Provision for Tax | 2 | 1 | 2 | 3 | 3 | 0 | 1 | 1 | 1 | 1 | 0 | 1 |
| Profit After Tax | 48 | 60 | 71 | 68 | 44 | 122 | 109 | 105 | 95 | 187 | 114 | 35 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 48 | 60 | 71 | 68 | 44 | 122 | 109 | 105 | 95 | 187 | 114 | 35 |
| Adjusted Earnings Per Share | 19.8 | 22.5 | 26.7 | 25.3 | 16.2 | 45.6 | 40.8 | 39.1 | 35.4 | 69.7 | 42.4 | 12.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 6% | 24% | 15% | 11% |
| Operating Profit CAGR | -26% | 7% | 1% | 13% |
| PAT CAGR | -39% | 3% | -1% | 9% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -53% | 9% | 22% | 5% |
| ROE Average | 4% | 5% | 5% | 6% |
| ROCE Average | 6% | 6% | 6% | 6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1023 | 1116 | 1180 | 1247 | 1697 | 1889 | 1974 | 2111 | 2304 | 2510 | 2665 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 68 | 255 | 490 | 464 | 385 | 299 | 272 | 131 | 36 | 0 | 0 |
| Other Non-Current Liabilities | 8 | 167 | 246 | 407 | 313 | 449 | 543 | 508 | 674 | 1263 | 274 |
| Total Current Liabilities | 326 | 256 | 291 | 818 | 583 | 657 | 497 | 1251 | 1106 | 409 | 896 |
| Total Liabilities | 1426 | 1794 | 2207 | 2936 | 2978 | 3295 | 3285 | 4001 | 4121 | 4183 | 3835 |
| Fixed Assets | 856 | 857 | 858 | 858 | 1896 | 2038 | 1982 | 1984 | 2053 | 2052 | 2033 |
| Other Non-Current Assets | 86 | 388 | 733 | 1323 | 338 | 338 | 341 | 343 | 353 | 393 | 389 |
| Total Current Assets | 484 | 549 | 616 | 755 | 745 | 918 | 963 | 1673 | 1715 | 1738 | 1413 |
| Total Assets | 1426 | 1794 | 2207 | 2936 | 2978 | 3295 | 3285 | 4001 | 4121 | 4183 | 3835 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 15 | 87 | 49 | 57 | 72 | 2 | 6 | 6 | 8 | 19 |
| Cash Flow from Operating Activities | -25 | 156 | 80 | 279 | 225 | 145 | 144 | 121 | 81 | 56 | 29 |
| Cash Flow from Investing Activities | -85 | -303 | -346 | -587 | -77 | -88 | -10 | 27 | -3 | -32 | 19 |
| Cash Flow from Financing Activities | 113 | 219 | 228 | 317 | -133 | -87 | -130 | -148 | -76 | -13 | -27 |
| Net Cash Inflow / Outflow | 3 | 72 | -38 | 9 | 15 | -30 | 4 | -0 | 1 | 11 | 21 |
| Closing Cash & Cash Equivalent | 15 | 87 | 49 | 57 | 72 | 42 | 6 | 6 | 8 | 19 | 40 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 19.84 | 22.47 | 26.66 | 25.27 | 16.23 | 45.61 | 40.82 | 39.05 | 35.36 | 69.69 | 42.36 |
| CEPS(Rs) | 20.09 | 22.73 | 26.93 | 25.52 | 25.51 | 56.85 | 52.68 | 50.97 | 48.21 | 85.56 | 57.06 |
| 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) | 422.76 | 416.17 | 440.18 | 464.96 | 633 | 704.64 | 736.16 | 787.45 | 859.27 | 936.27 | 994.2 |
| Core EBITDA Margin(%) | 3.8 | 4.68 | 4.92 | 4.22 | 5.85 | 6.76 | 8.6 | 7.25 | 6.58 | 5.29 | 4.61 |
| EBIT Margin(%) | 3.76 | 4.64 | 5.01 | 4.67 | 5.17 | 7.72 | 7.21 | 5.86 | 5.21 | 5.68 | 3.77 |
| Pre Tax Margin(%) | 3.34 | 4.22 | 4.44 | 4.24 | 2.48 | 6.01 | 5.91 | 4.96 | 4.42 | 4.87 | 2.78 |
| PAT Margin (%) | 3.2 | 4.14 | 4.34 | 4.03 | 2.32 | 6 | 5.83 | 4.91 | 4.38 | 4.85 | 2.77 |
| Cash Profit Margin (%) | 3.24 | 4.19 | 4.38 | 4.07 | 3.65 | 7.48 | 7.53 | 6.41 | 5.97 | 5.95 | 3.73 |
| ROA(%) | 5.18 | 3.74 | 3.57 | 2.64 | 1.47 | 3.9 | 3.33 | 2.87 | 2.33 | 4.5 | 2.83 |
| ROE(%) | 7.91 | 5.63 | 6.23 | 5.58 | 2.96 | 6.82 | 5.67 | 5.13 | 4.3 | 7.76 | 4.39 |
| ROCE(%) | 7.22 | 4.9 | 4.93 | 3.88 | 4.4 | 6.99 | 5.79 | 5.27 | 4.59 | 8.28 | 5.51 |
| Receivable days | 88.65 | 95.44 | 102.62 | 127.82 | 117.28 | 125.8 | 173 | 212.99 | 271.9 | 156.61 | 131.05 |
| Inventory Days | 3.06 | 2.99 | 3.81 | 5.3 | 13.18 | 10.83 | 0.05 | 6.78 | 10.38 | 4.08 | 3.73 |
| Payable days | 34.43 | 36.98 | 27.26 | 44.08 | 68.3 | 90.93 | 92.55 | 128.34 | 175.25 | 50.43 | 39.8 |
| PER(x) | 2.88 | 5.25 | 4.42 | 6.82 | 3.3 | 0.59 | 1.68 | 2.97 | 4 | 15.36 | 9.06 |
| Price/Book(x) | 0.14 | 0.28 | 0.27 | 0.37 | 0.08 | 0.04 | 0.09 | 0.15 | 0.16 | 1.14 | 0.39 |
| Dividend Yield(%) | 0.09 | 0.04 | 0.04 | 0.03 | 0.09 | 0.19 | 0.07 | 0.04 | 0.04 | 0 | 0.01 |
| EV/Net Sales(x) | 0.22 | 0.44 | 0.55 | 0.82 | 0.3 | 0.22 | 0.28 | 0.26 | 0.27 | 0.8 | 0.29 |
| EV/Core EBITDA(x) | 5.82 | 9.35 | 10.95 | 17.36 | 4.65 | 2.4 | 3.16 | 3.58 | 4.04 | 11.8 | 6.04 |
| Net Sales Growth(%) | 25.01 | -3.12 | 13.24 | 1.87 | 11.69 | 8.59 | -7.88 | 13.6 | 1.49 | 78.18 | 6.34 |
| EBIT Growth(%) | 45.91 | 19.49 | 22.35 | -5.05 | 23.71 | 62 | -13.99 | -7.58 | -9.72 | 94.17 | -29.43 |
| PAT Growth(%) | 54.76 | 25.4 | 18.68 | -5.22 | -35.76 | 180.97 | -10.5 | -4.34 | -9.44 | 97.07 | -39.23 |
| EPS Growth(%) | 54.76 | 13.24 | 18.68 | -5.22 | -35.76 | 180.97 | -10.5 | -4.34 | -9.44 | 97.07 | -39.23 |
| Debt/Equity(x) | 0.2 | 0.37 | 0.55 | 0.78 | 0.29 | 0.22 | 0.2 | 0.13 | 0.1 | 0.1 | 0.07 |
| Current Ratio(x) | 1.48 | 2.14 | 2.12 | 0.92 | 1.28 | 1.4 | 1.94 | 1.34 | 1.55 | 4.25 | 1.58 |
| Quick Ratio(x) | 1.41 | 2.14 | 2 | 0.9 | 1.07 | 1.4 | 1.94 | 1.28 | 1.51 | 4.14 | 1.53 |
| Interest Cover(x) | 8.94 | 11.17 | 8.84 | 10.83 | 1.92 | 4.52 | 5.57 | 6.52 | 6.53 | 7.04 | 3.8 |
| Total Debt/Mcap(x) | 1.51 | 1.29 | 2.04 | 2.1 | 3.45 | 5.79 | 2.11 | 0.86 | 0.61 | 0.09 | 0.19 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 55.01 | 55.01 | 55.01 | 55.01 | 55.01 | 55.01 | 55.01 | 55.01 | 55.01 | 55.01 |
| FII | 9.73 | 9.71 | 9.71 | 9.71 | 9.7 | 9.7 | 9.7 | 9.7 | 9.7 | 9.7 |
| DII | 0 | 0 | 0 | 0 | 0.14 | 0.14 | 0.14 | 0.14 | 0.12 | 0 |
| Public | 35.27 | 35.29 | 35.29 | 35.28 | 35.15 | 35.15 | 35.15 | 35.15 | 35.17 | 35.3 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 |
| FII | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.95 | 0.95 | 0.95 | 0.95 | 0.94 | 0.94 | 0.94 | 0.94 | 0.94 | 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 |
* The pros and cons are machine generated.
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