VERITAS - Veritas (India) Limited Share Price

Commercial Services & Supplies

₹173.30+2.85(+1.67%)

Market Closed as of Dec 24, 2025, 15:30 IST

Pros

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

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

Cons

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

Momentum: Stock is suffering a negative price momentum. Stock is down -22.9% in last 30 days.

Size: It is a small market cap company and can be volatile.

Past Returns: Underperforming stock! In past three years, the stock has provided -1.8% return compared to 12.2% by NIFTY 50.

Valuation
Market Cap	464.62 Cr
Price/Earnings (Trailing)	6.48
Price/Sales (Trailing)	0.15
EV/EBITDA	4.66
Price/Free Cashflow	32.37
MarketCap/EBT	6.51
Enterprise Value	621.07 Cr

Fundamentals
Revenue (TTM)	3.13 kCr
Rev. Growth (Yr)	-22%
Earnings (TTM)	71.72 Cr
Earnings Growth (Yr)	-49.8%

Profitability
Operating Margin	2%
EBT Margin	2%
Return on Equity	2.6%
Return on Assets	1.66%
Free Cashflow Yield	3.09%

Price to Sales Ratio

Latest reported: 0.1

Revenue (Last 12 mths)

Latest reported: 3.1 kCr

Net Income (Last 12 mths)

Latest reported: 71.7 Cr

Growth & Returns
Price Change 1W	-2.4%
Price Change 1M	-22.9%
Price Change 6M	-55.1%
Price Change 1Y	-81.6%
3Y Cumulative Return	-1.8%
5Y Cumulative Return	28.4%
7Y Cumulative Return	14.5%
10Y Cumulative Return	3.1%

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	17.4 Cr
Free Cash Flow (TTM)	25.34 Cr
Free Cash Flow/Share (TTM)	9.45

Balance Sheet
Total Assets	4.32 kCr
Total Liabilities	1.56 kCr
Shareholder Equity	2.75 kCr
Current Assets	1.87 kCr
Current Liabilities	1.2 kCr
Net PPE	2.06 kCr
Inventory	41.67 Cr
Goodwill	0.00

Capital Structure & Leverage
Debt Ratio	0.04
Debt/Equity	0.06
Interest Coverage	2.19
Interest/Cashflow Ops	2.01

Dividend & Shareholder Returns
Dividend/Share (TTM)	0.05
Dividend Yield	0.03%
Shares Dilution (1Y)	0.00%
Shares Dilution (3Y)	0.00%

Pros

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

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

Cons

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

Momentum: Stock is suffering a negative price momentum. Stock is down -22.9% in last 30 days.

Size: It is a small market cap company and can be volatile.

Past Returns: Underperforming stock! In past three years, the stock has provided -1.8% return compared to 12.2% by NIFTY 50.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.03%
Dividend/Share (TTM)	0.05
Shares Dilution (1Y)	0.00%
Earnings/Share (TTM)	26.75

Financial Health
Current Ratio	1.56
Debt/Equity	0.06

Technical Indicators
RSI (14d)	7.3
RSI (5d)	3.45
RSI (21d)	5.2
MACD Signal	Buy
Stochastic Oscillator Signal	Buy
Grufity Signal	Buy
RSI Signal	Buy
RSI5 Signal	Buy
RSI21 Signal	Buy
SMA 5 Signal	Sell
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

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

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
GRAVITA	GRAVITA INDIA	13.78 kCr	4.23 kCr	+1.90%	-16.60%	37.05	3.26	-	-
MMTC	MMTC	8.64 kCr	189.48 Cr	-4.30%	-20.90%	39.18	45.6	-	-
RAJESHEXPO	Rajesh Exports	5.31 kCr	4.71 LCr	+13.00%	-5.50%	45.25	0.01	-	-

Category	VERITAS	Commercial
PE	6.37	16.22
PS	0.15	0.31
Growth	-23 %	16.4 %

Key Insights

1. VERITAS is NOT among the Top 10 largest companies in Trading & Distributors.
2. The company holds a market share of 1.9% in Trading & Distributors.
3. In last one year, the company has had a below average growth that other Trading & Distributors companies.

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	Jun-2025	Mar-2025	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-25.4%	587	786	756	1,095	1,324	941
Other Income	113.9%	2.78	-11.8	0.54	0.35	56	0.25
Total Income	-23.9%	589	774	756	1,095	1,380	941
Purchases of stock-in-trade	-26.1%	541	732	677	1,021	1,231	875
Employee Expense	-10.2%	4.61	5.02	5.45	5.57	4.36	3.65
Finance costs	-26.2%	4.57	5.84	7.59	11	5.85	6.33
Depreciation and Amortization	0.3%	9.97	9.94	9.43	16	8.96	8.91
Other expenses	-6.2%	5.12	5.39	8.35	13	9	9.85
Total Expenses	-27.1%	565	775	708	1,070	1,284	899
Profit Before exceptional items and Tax	1140.7%	24	-1.21	48	24	96	42
Total profit before tax	1140.7%	24	-1.21	48	24	96	42
Current tax	9.1%	0	-0.1	0.13	0.25	0.21	0.27
Deferred tax	-4%	-0.05	-0.01	-0.36	-0.07	0.3	-0.01
Total tax	5.4%	-0.05	-0.11	-0.24	0.18	0.51	0.26
Total profit (loss) for period	1195.2%	24	-1.1	48	24	96	42
Other comp. income net of taxes	50.7%	0	-1.03	1.03	3.09	1.05	11
Total Comprehensive Income	834.8%	24	-2.13	49	27	97	53
Earnings Per Share, Basic	668.1%	9.01	-0.41	17.93	9.07	35.73	15.52
Earnings Per Share, Diluted	668.1%	9.01	-0.41	17.93	9.07	35.73	15.52

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	Jun-2025	Mar-2025	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-111.1%	0	10	62	15	77	92
Other Income	123.4%	1.15	0.36	0.36	0.36	0.36	0.78
Total Income	-98.5%	1.15	11	62	16	77	93
Purchases of stock-in-trade	-117.2%	0	6.81	60	8.75	65	78
Employee Expense	19.8%	0.35	0.19	0.76	0.9	0.52	0.67
Finance costs	-455.6%	0	0.82	0.03	0.05	0.01	0.01
Depreciation and Amortization	-1%	0.03	0.04	0.07	0.13	0.06	0.07
Other expenses	-31.4%	1.35	1.51	0.46	0.39	0.88	0.97
Total Expenses	-91.8%	1.74	9.99	61	15	76	92
Profit Before exceptional items and Tax	-269.8%	-0.59	0.57	0.82	1.2	1.46	1.08
Total profit before tax	-269.8%	-0.59	0.57	0.82	1.2	1.46	1.08
Current tax	9.1%	0	-0.1	0.13	0.25	0.21	0.27
Deferred tax	-4%	-0.05	-0.01	-0.36	-0.07	0.3	-0.01
Total tax	5.4%	-0.05	-0.11	-0.24	0.18	0.51	0.26
Total profit (loss) for period	-381.3%	-0.54	0.68	1.05	1.01	0.95	0.82
Other comp. income net of taxes	-14.9%	0	0.13	0	-0.02	0	0
Total Comprehensive Income	-710.5%	-0.54	0.81	1.05	1	0.95	0.82
Earnings Per Share, Basic	-60%	-0.2	0.25	0.39	0.38	0.35	0.31
Earnings Per Share, Diluted	-60%	-0.2	0.25	0.39	0.38	0.35	0.31

Description	(%) Q/Q	Sep-2025	Mar-2025	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-59%	17	40	19	4.73	7.68	2.75
Loans, current	487.9%	4.84	0.01	0.01	1.22	1.11	0.8
Total current financial assets	31.9%	1,809	1,372	1,696	1,765	1,671	1,689
Inventories	0%	42	42	42	72	44	59
Total current assets	32.6%	1,873	1,413	1,738	1,845	1,715	1,754
Property, plant and equipment	1.1%	2,056	2,033	2,052	2,047	2,053	2,055
Capital work-in-progress	0%	349	349	349	345	344	342
Investment property	-	0	0	0	9.59	9.27	-
Non-current investments	-28%	1.36	1.5	10	0	0	1.33
Total non-current financial assets	-7.7%	37	40	44	0	0	1.33
Total non-current assets	0.9%	2,444	2,423	2,446	2,402	2,406	2,400
Total assets	12.5%	4,317	3,836	4,183	4,248	4,121	4,153
Borrowings, non-current	-	84	0	0	0	36	69
Total non-current financial liabilities	31.5%	356	271	678	664	708	496
Provisions, non-current	0.5%	3.08	3.07	1.81	1.42	1.36	4.67
Total non-current liabilities	31.1%	359	274	1,264	665	709	501
Borrowings, current	79.6%	89	50	48	36	0	0
Total current financial liabilities	35.4%	1,201	887	405	1,192	1,105	1,409
Provisions, current	-51.2%	1.42	1.86	2.43	3.75	1.79	2.5
Current tax liabilities	52.2%	0.68	0.33	0.7	1.33	1.06	2.23
Total current liabilities	34.4%	1,204	896	409	1,198	1,108	1,414
Total liabilities	33.5%	1,563	1,171	1,673	1,864	1,817	1,915
Equity share capital	0%	2.68	2.68	2.68	2.68	2.68	2.68
Total equity	3.3%	2,754	2,665	2,510	2,384	2,304	2,239
Total equity and liabilities	12.5%	4,317	3,836	4,183	4,248	4,121	4,153

Description	(%) Q/Q	Sep-2025	Mar-2025	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-14.1%	0.11	0.22	1.03	1.15	0.59	0.29
Loans, current	4.2%	26	25	22	18	16	15
Total current financial assets	8%	28	26	36	75	60	73
Inventories	0%	41	41	41	55	44	59
Total current assets	-1.4%	70	71	79	132	105	133
Property, plant and equipment	-20%	1.2	1.25	1.82	2.74	2.89	3.05
Investment property	-	0	0	0	387	387	-
Non-current investments	1.1%	383	379	388	0	0	380
Total non-current financial assets	0.2%	419	418	422	0	0	380
Total non-current assets	0.2%	421	420	424	391	390	383
Total assets	0%	491	491	503	523	495	516
Total non-current financial liabilities	1.5%	201	198	259	207	226	3.66
Provisions, non-current	-15.2%	0.09	0.21	0.2	0.08	0.17	0.16
Total non-current liabilities	1.5%	201	198	259	207	226	3.81
Borrowings, current	-23.1%	11	14	12	0	0	0
Total current financial liabilities	-3.2%	92	95	49	123	78	321
Provisions, current	325%	1.68	1.16	1.16	1.16	1.16	1.48
Current tax liabilities	-	-	0.68	0.98	1.33	1.06	2.23
Total current liabilities	-3.1%	94	97	51	126	80	325
Total liabilities	0%	295	295	311	332	306	329
Equity share capital	0%	2.68	2.68	2.68	2.68	2.68	2.68
Total equity	-0.5%	196	197	192	190	189	187
Total equity and liabilities	0%	491	491	503	523	495	516

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	-	-

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	-	-

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

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

Important Disclosure & Data Context

VERITAS - Veritas (India) Limited Share Price

VERITAS

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

VERITAS

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Important Disclosure & Data Context

VERITAS

VERITAS