VERITAS - Veritas (India) Limited Share Price

Commercial Services & Supplies

₹388.70+4.40(+1.14%)

Market Closed as of Aug 6, 2025, 15:30 IST

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Valuation
Market Cap	1.03 kCr
Price/Earnings (Trailing)	6.18
Price/Sales (Trailing)	0.26
EV/EBITDA	4.32
Price/Free Cashflow	40.74
MarketCap/EBT	6.17
Enterprise Value	1.04 kCr

Fundamentals
Revenue (TTM)	4 kCr
Rev. Growth (Yr)	-29.3%
Earnings (TTM)	167.07 Cr
Earnings Growth (Yr)	-104.5%

Profitability
Operating Margin	4%
EBT Margin	4%
Return on Equity	6.27%
Return on Assets	4.36%
Free Cashflow Yield	2.45%

Price to Sales Ratio

Latest reported:

Revenue (Last 12 mths)

Latest reported: 4 kCr

Net Income (Last 12 mths)

Latest reported: 167 Cr

Growth & Returns
Price Change 1W	2.7%
Price Change 1M	3.9%
Price Change 6M	-47.6%
Price Change 1Y	-62.6%
3Y Cumulative Return	45.5%
5Y Cumulative Return	61.6%
7Y Cumulative Return	15.8%
10Y Cumulative Return	16.6%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	19.06 Cr
Cash Flow from Operations (TTM)	28.93 Cr
Cash Flow from Financing (TTM)	-26.51 Cr
Cash & Equivalents	40.2 Cr
Free Cash Flow (TTM)	25.34 Cr
Free Cash Flow/Share (TTM)	9.45

Balance Sheet
Total Assets	3.84 kCr
Total Liabilities	1.17 kCr
Shareholder Equity	2.67 kCr
Current Assets	1.41 kCr
Current Liabilities	896.26 Cr
Net PPE	2.03 kCr
Inventory	41.65 Cr
Goodwill	0.00

Capital Structure & Leverage
Debt Ratio	0.01
Debt/Equity	0.02
Interest Coverage	4.61
Interest/Cashflow Ops	1.97

Dividend & Shareholder Returns
Dividend Yield	0.01%
Shares Dilution (1Y)	0.00%
Shares Dilution (3Y)	0.00%

Pros

Past Returns: Outperforming stock! In past three years, the stock has provided 45.5% return compared to 14.6% by NIFTY 50.

Balance Sheet: Strong Balance Sheet.

Momentum: Stock price has a strong positive momentum. Stock is up 3.9% in last 30 days.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Technicals: Bullish SharesGuru indicator.

Cons

Smart Money: Smart money looks to be reducing their stake in the stock.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.01%
Shares Dilution (1Y)	0.00%
Earnings/Share (TTM)	62.32

Financial Health
Current Ratio	1.58
Debt/Equity	0.02

Technical Indicators
RSI (14d)	50.59
RSI (5d)	71.31
RSI (21d)	54.52
MACD Signal	Buy
Stochastic Oscillator Signal	Hold
Grufity Signal	Buy
RSI Signal	Hold
RSI5 Signal	Sell
RSI21 Signal	Hold
SMA 5 Signal	Sell
SMA 10 Signal	Buy
SMA 20 Signal	Sell
SMA 50 Signal	Buy
SMA 100 Signal	Buy

Summary of Latest Earnings Report from Veritas (India)

Summary of Veritas (India)'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated:

Q&A Session

Last updated:

Share Holdings

Understand Veritas (India) ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

Shareholder Name	Holding %
Swan Energy Ltd	55.01%
Onix Assets Limited	11.19%
Latitude Consultants Limited	9.7%
Niti Nitinkumar Didwania	5.77%
Aventia Global Limited	3.73%
Groupe Veritas Limited	2.59%
Gunjan Jain	1.64%
Kamalasini Tradelink Pvt Ltd	1.62%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Veritas (India) Better than it's peers?

Detailed comparison of Veritas (India) against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
GRAVITA	GRAVITA INDIA	13.92 kCr	3.98 kCr	+6.90%	+13.80%	42.05	3.5	-	-
MMTC	MMTC	10.07 kCr	262.78 Cr	-5.90%	-44.50%	117.77	38.32	-	-
RAJESHEXPO	Rajesh Exports	6.01 kCr	3.16 LCr	-0.80%	-38.30%	48.96	0.02	-	-

Sector Comparison: VERITAS vs Commercial Services & Supplies

Comprehensive comparison against sector averages

Comparative Metrics

VERITAS metrics compared to Commercial

Category	VERITAS	Commercial
PE	6.18	18.18
PS	0.26	0.36
Growth	2.4 %	7.4 %

Performance Comparison

VERITAS vs Commercial (2021 - 2025)

Key Insights

1. VERITAS is NOT among the Top 10 largest companies in Trading & Distributors.
2. The company holds a market share of 2.7% in Trading & Distributors.
3. In last one year, the company has had a below average growth that other Trading & Distributors companies.

Income Statement for Veritas (India)

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	6.3%	4,099	3,855	2,163	2,131	1,876	2,037
Other Income	-93.1%	4.87	57	4.73	0.39	4.26	50
Total Income	4.9%	4,104	3,911	2,168	2,132	1,881	2,087
Purchases of stock-in-trade	7.3%	3,855	3,594	1,942	2,030	1,674	1,744
Employee Expense	33.3%	21	16	9.62	6.19	7.08	12
Finance costs	33.3%	41	31	17	19	24	35
Depreciation and Amortization	-9.5%	39	43	34	32	32	30
Other expenses	-8.3%	34	37	35	17	33	23
Total Expenses	7.1%	3,990	3,724	2,072	2,026	1,770	1,964
Profit Before exceptional items and Tax	-39.6%	114	188	96	106	111	122
Total profit before tax	-39.6%	114	188	96	106	111	122
Current tax	-144.4%	0.78	0.91	0.79	1.36	1.09	1.64
Deferred tax	-64.4%	-0.43	0.13	-0.08	-0.27	0.37	-1.5
Total tax	-1725%	0.35	1.04	0.71	1.09	1.46	0.14
Total profit (loss) for period	-39.2%	114	187	95	105	109	122
Other comp. income net of taxes	133.3%	29	13	62	20	-13.4	-37.04
Total Comprehensive Income	-28.6%	143	200	157	125	96	85
Earnings Per Share, Basic	-39.8%	42.36	69.69	35.36	39.05	40.82	91.22
Earnings Per Share, Diluted	-39.8%	42.36	69.69	35.36	39.05	40.82	91.22

Description	(%) Q/Q	Mar-2025	Jun-2024	Mar-2024	Dec-2023	Sep-2023	Jun-2023
Revenue From Operations	4%	786	756	1,095	1,324	941	495
Other Income	-2682.6%	-11.8	0.54	0.35	56	0.25	0.25
Total Income	2.4%	774	756	1,095	1,380	941	495
Purchases of stock-in-trade	8.1%	732	677	1,021	1,231	875	468
Employee Expense	-9.7%	5.02	5.45	5.57	4.36	3.65	2.53
Finance costs	-26.6%	5.84	7.59	11	5.85	6.33	8.36
Depreciation and Amortization	6%	9.94	9.43	16	8.96	8.91	8.78
Other expenses	-40.3%	5.39	8.35	13	9	9.85	5.92
Total Expenses	9.5%	775	708	1,070	1,284	899	470
Profit Before exceptional items and Tax	-104.7%	-1.21	48	24	96	42	25
Total profit before tax	-104.7%	-1.21	48	24	96	42	25
Current tax	-26.4%	-0.1	0.13	0.25	0.21	0.27	0.17
Deferred tax	25.7%	-0.01	-0.36	-0.07	0.3	-0.01	-0.09
Total tax	10.5%	-0.11	-0.24	0.18	0.51	0.26	0.08
Total profit (loss) for period	-104.5%	-1.1	48	24	96	42	25
Other comp. income net of taxes	-6866.7%	-1.03	1.03	3.09	1.05	11	-1.94
Total Comprehensive Income	-106.5%	-2.13	49	27	97	53	23
Earnings Per Share, Basic	-108.3%	-0.41	17.93	9.07	35.73	15.52	9.38
Earnings Per Share, Diluted	-108.3%	-0.41	17.93	9.07	35.73	15.52	9.38

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	32%	323	245	228	354	423	543
Other Income	-65.4%	1.44	2.27	6.75	2.56	8.41	6.93
Total Income	31.2%	325	248	235	356	431	550
Purchases of stock-in-trade	33.8%	310	232	181	421	408	406
Employee Expense	-9.5%	2.71	2.89	3.79	2.31	1.67	1.92
Finance costs	-84.1%	1.22	2.38	0.3	0.32	0.25	0.34
Depreciation and Amortization	-19.4%	0.2	0.33	0.05	0.28	0.32	0.47
Other expenses	206.1%	6.05	2.65	10	4.01	13	11
Total Expenses	31.8%	320	243	230	349	423	541
Profit Before exceptional items and Tax	-3.1%	4.69	4.81	4.68	7.29	8.24	8.62
Total profit before tax	-3.1%	4.69	4.81	4.68	7.29	8.24	8.62
Current tax	-144.4%	0.78	0.91	0.79	1.36	1.09	1.64
Deferred tax	-64.4%	-0.43	0.13	-0.08	-0.27	0.37	-1.5
Total tax	-2266.7%	0.35	1.03	0.71	1.09	1.46	0.14
Total profit (loss) for period	20.6%	4.34	3.77	3.97	6.2	6.78	8.48
Other comp. income net of taxes	14.7%	0.13	-0.02	0.04	-0.11	0.08	-0.06
Total Comprehensive Income	25.7%	4.47	3.76	4.01	6.09	6.86	8.43
Earnings Per Share, Basic	51.2%	1.62	1.41	1.48	2.31	2.53	6.28
Earnings Per Share, Diluted	51.2%	1.62	1.41	1.48	2.31	2.53	6.28

Description	(%) Q/Q	Mar-2025	Jun-2024	Mar-2024	Dec-2023	Sep-2023	Jun-2023
Revenue From Operations	-85.2%	10	62	15	77	92	61
Other Income	0%	0.36	0.36	0.36	0.36	0.78	0.77
Total Income	-83.6%	11	62	16	77	93	62
Purchases of stock-in-trade	-90.2%	6.81	60	8.75	65	78	80
Employee Expense	-237.5%	0.19	0.76	0.9	0.52	0.67	0.79
Finance costs	81.4%	0.82	0.03	0.05	0.01	0.01	0.07
Depreciation and Amortization	-3.2%	0.04	0.07	0.13	0.06	0.07	2.3
Other expenses	194.4%	1.51	0.46	0.39	0.88	0.97	0.4
Total Expenses	-85%	9.99	61	15	76	92	61
Profit Before exceptional items and Tax	-138.9%	0.57	0.82	1.2	1.46	1.08	1.07
Total profit before tax	-138.9%	0.57	0.82	1.2	1.46	1.08	1.07
Current tax	-26.4%	-0.1	0.13	0.25	0.21	0.27	0.17
Deferred tax	25.7%	-0.01	-0.36	-0.07	0.3	-0.01	-0.09
Total tax	10.5%	-0.11	-0.24	0.18	0.51	0.26	0.08
Total profit (loss) for period	-740%	0.68	1.05	1.01	0.95	0.82	0.99
Other comp. income net of taxes	-	0.13	0	-0.02	0	0	0
Total Comprehensive Income	-480%	0.81	1.05	1	0.95	0.82	0.99
Earnings Per Share, Basic	-23%	0.25	0.39	0.38	0.35	0.31	0.37
Earnings Per Share, Diluted	-23%	0.25	0.39	0.38	0.35	0.31	0.37

Balance Sheet for Veritas (India)

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	116.7%	40	19	4.73	7.68	2.75	6.33
Loans, current	0%	0.01	0.01	1.22	1.11	0.8	0.84
Total current financial assets	-19.1%	1,372	1,696	1,765	1,671	1,689	1,592
Inventories	0%	42	42	72	44	59	79
Total current assets	-18.7%	1,413	1,738	1,845	1,715	1,754	1,673
Property, plant and equipment	-0.9%	2,033	2,052	2,047	2,053	2,055	1,984
Capital work-in-progress	0%	349	349	345	344	342	342
Investment property	-	0	0	9.59	9.27	-	-
Non-current investments	-94.4%	1.5	10	0	0	1.33	0
Total non-current financial assets	-9.3%	40	44	0	0	1.33	1.38
Total non-current assets	-0.9%	2,423	2,446	2,402	2,406	2,400	2,328
Total assets	-8.3%	3,836	4,183	4,248	4,121	4,153	4,001
Borrowings, non-current	-	0	0	0	36	69	131
Total non-current financial liabilities	-60.1%	271	678	664	708	496	519
Provisions, non-current	155.6%	3.07	1.81	1.42	1.36	4.67	0.94
Total non-current liabilities	-78.4%	274	1,264	665	709	501	520
Borrowings, current	4.3%	50	48	36	0	0	0
Total current financial liabilities	119.3%	887	405	1,192	1,105	1,409	1,366
Provisions, current	-39.9%	1.86	2.43	3.75	1.79	2.5	2.7
Current tax liabilities	-123.3%	0.33	0.7	1.33	1.06	2.23	1.79
Total current liabilities	119.4%	896	409	1,198	1,108	1,414	1,371
Total liabilities	-30%	1,171	1,673	1,864	1,817	1,915	1,890
Equity share capital	0%	2.68	2.68	2.68	2.68	2.68	2.68
Total equity	6.2%	2,665	2,510	2,384	2,304	2,239	2,111
Total equity and liabilities	-8.3%	3,836	4,183	4,248	4,121	4,153	4,001

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-2700%	0.22	1.03	1.15	0.59	0.29	0.34
Loans, current	14.3%	25	22	18	16	15	13
Total current financial assets	-28.6%	26	36	75	60	73	92
Inventories	0%	41	41	55	44	59	79
Total current assets	-10.3%	71	79	132	105	133	171
Property, plant and equipment	-69.5%	1.25	1.82	2.74	2.89	3.05	3
Investment property	-	0	0	387	387	-	-
Non-current investments	-2.3%	379	388	0	0	380	374
Total non-current financial assets	-1%	418	422	0	0	380	374
Total non-current assets	-0.9%	420	424	391	390	383	378
Total assets	-2.4%	491	503	523	495	516	549
Total non-current financial liabilities	-23.6%	198	259	207	226	3.66	3.66
Provisions, non-current	1.2%	0.21	0.2	0.08	0.17	0.16	0.16
Total non-current liabilities	-23.6%	198	259	207	226	3.81	3.81
Borrowings, current	18.2%	14	12	0	0	0	0
Total current financial liabilities	95.8%	95	49	123	78	321	357
Provisions, current	0%	1.16	1.16	1.16	1.16	1.48	1.48
Current tax liabilities	-1500%	0.68	0.98	1.33	1.06	2.23	1.79
Total current liabilities	92%	97	51	126	80	325	360
Total liabilities	-5.2%	295	311	332	306	329	364
Equity share capital	0%	2.68	2.68	2.68	2.68	2.68	2.68
Total equity	2.6%	197	192	190	189	187	185
Total equity and liabilities	-2.4%	491	503	523	495	516	549

Cash Flow for Veritas (India)

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	33.3%	41	31	17	19	-	-
Change in inventories	-154.8%	0.43	2.04	35	-78.5	-	-
Depreciation	-9.5%	39	43	34	32	-	-
Unrealised forex losses/gains	12.7%	-2.65	-3.18	-46.45	0	-	-
Net Cashflows from Operations	-48.2%	30	57	82	121	-	-
Income taxes paid (refund)	200%	1.15	1.05	1.51	0.51	-	-
Net Cashflows From Operating Activities	-49.1%	29	56	81	121	-	-
Proceeds from sales of PPE	3893.1%	23	0.42	0	0	-	-
Purchase of property, plant and equipment	-89.7%	3.58	26	-3.45	0.02	-	-
Other inflows (outflows) of cash	80.3%	-0.36	-5.92	1.29	27	-	-
Net Cashflows From Investing Activities	155%	19	-31.75	-3.37	27	-	-
Proceeds from borrowings	-92.5%	1.83	12	0	0	-	-
Repayments of borrowings	-	0	0	95	142	-	-
Dividends paid	0%	0.13	0.13	0.13	0.13	-	-
Interest paid	33.3%	41	31	17	19	-	-
Other inflows (outflows) of cash	101.1%	12	6.47	36	13	-	-
Net Cashflows from Financing Activities	-96.4%	-26.51	-13.01	-75.89	-147.84	-	-
Net change in cash and cash eq.	100%	21	11	1.35	-0.03	-	-

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	-84.1%	1.22	2.38	0.05	0.28	-	-
Change in inventories	-163.7%	-0.23	2.93	35	-78.47	-	-
Depreciation	-21.2%	0.2	0.34	0.3	0.32	-	-
Adjustments for interest income	0%	0.44	0.44	0.43	0.59	-	-
Net Cashflows from Operations	-3.2%	-9.46	-9.14	13	44	-	-
Income taxes paid (refund)	900%	1.08	0.99	1.52	0.57	-	-
Net Cashflows From Operating Activities	-3.7%	-10.54	-10.13	11	43	-	-
Cashflows used in obtaining control of subsidiaries	-	0	0	13	0	-	-
Proceeds from sales of PPE	1417.2%	8.64	0.42	0	0	-	-
Purchase of property, plant and equipment	-50%	0.01	0.34	0.2	0.02	-	-
Purchase of investment property	-	0	0	0	45	-	-
Interest received	0%	0.44	0.44	0.43	0.59	-	-
Other inflows (outflows) of cash	-410%	-0.02	0.8	1.65	1.64	-	-
Net Cashflows From Investing Activities	2415.6%	9.05	1.32	-11.01	-42.9	-	-
Proceeds from borrowings	-109.1%	0	12	0	0	-	-
Repayments of borrowings	-	-2.03	0	0	0	-	-
Dividends paid	0%	0.13	0.13	0.13	0.13	-	-
Interest paid	-84.1%	1.22	2.38	0.05	0.28	-	-
Net Cashflows from Financing Activities	-103.9%	0.68	9.26	-0.19	-0.42	-	-
Net change in cash and cash eq.	-229.1%	-0.81	0.45	0.25	-0.21	-	-

VERITAS - Veritas (India) Limited Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution