512229-BOM

Veritas (India) Ltd.

BSE: 512229

Sector: Services

Industry Group: Commercial Services & Supplies

Industry: Trading & Distributors

177.70-2.2 (-1.22%)

17 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

13.9 / 100

Value Score

94.2 / 100

Price Momentum Score

13.4 / 100

QVM Score

28.1 / 100

Key Metrics

Market Cap

476.41

P/E (TTM)

24.18

P/B

0.17

P/S (TTM)

0.15

EV/EBITDA

0.35

CAPE (5Y)

4.58

ROE (TTM)

0.71

ROCE (TTM)

1.96

ROA (TTM)

0.46

Avg 3Y ROE

4.29

Earnings 3Y CAGR

-40.77

Sales 3Y CAGR

12.90

Sales 5Y CAGR

10.65

Debt/Equity

0.18

Consensus TP

Strong Buy %

Promoter Holding

55.01

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Veritas (India) Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.18 as on 31 Mar 2026 and Debt to Equity increased marginally by 0.13 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 10 financial years

What is Dividend streak?

Negative

Weak price momentum

Price Momentum score of 13.4 indicates that the stock has weak price momentum. Research has shown that stocks with lower momentum continue to underperform in the near term

What is Price Momentum score?

13.4 / 100

Low and declining ROE

The company reported low ROE of 0.71% for 12-month ended 31 Mar 2026 and ROE declined by -368 bps from 1 year ago

What is ROE (FY)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -24.06% for 12-month ended 31 Mar 2026 and the growth was 28.05 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 3.99

Value -24.06

-97.1255446

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -82.65% for 12-month ended 31 Mar 2026 and the growth was 62.34 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Company's earnings are of low quality

Earnings quality score of 0.0 indicates that the company's earnings are of low quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

0.0 / 100

Low dividend yield

The company has a low dividend yield of 0.03%

What is Dividend yield?

Neutral

Stock appears to be reasonably valued

PE TTM of 24.18 indicates that the stock is reasonably valued on a standalone basis. Premium to industry median P/E is modest at 3.87%

What is P/E Ratio?

Median: 23.28

Value 24.18

-394.111748.35

Financial Snapshot

See detailed analysis

Multi-year trends for Veritas (India) Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Veritas (India) Ltd. Shareholding Pattern

Quarterly breakdown of Veritas (India) Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	65.23	65.23	65.23	65.23	65.23	65.23	65.23	65.23	63.36	63.36	56.79	22.83	63.37	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01
Indian Promoter	65.23	65.23	65.23	65.23	65.23	65.23	65.23	65.23	63.36	63.36	56.79	22.83	63.37	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01	55.01
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	0.00	9.70	9.91	9.73	9.71	9.71	9.71	9.84	9.84	9.84	9.84	9.82	9.70	9.70
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70	0.00	9.70	9.91	9.73	9.71	9.71	9.70	9.70	9.70	9.70	9.70	9.70	9.70	9.70
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.14	0.14	0.14	0.12	0.00	0.00
Non-Institution	25.08	25.08	25.08	25.08	25.08	25.08	25.08	25.08	26.94	26.94	33.51	67.47	36.63	35.30	35.09	35.27	35.29	35.29	35.28	35.15	35.15	35.15	35.15	35.17	35.30	35.30
Bodies Corporate	3.78	3.85	3.82	3.42	3.56	3.62	3.63	3.34	4.95	5.17	11.75	45.47	5.08	7.33	7.02	6.62	6.44	6.33	6.41	6.00	5.69	5.18	4.93	4.60	4.48	3.74
Others (incl. Retail) No. of shareholders	21.30 508	21.23 516	21.26 558	21.66 689	21.52 853	21.46 1,133	21.45 1,578	21.74 2,496	21.99 3,209	21.77 3,087	21.76 3,045	22.00 2,703	31.55 2,833	27.97 2,978	28.07 3,036	28.65 3,099	28.85 3,206	28.96 3,901	28.87 4,589	29.15 5,595	29.46 6,347	29.97 6,758	30.22 6,503	30.57 6,666	30.82 6,626	31.56 6,576

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Veritas (India) Ltd. shares as reported to NSE and BSE.

No bulk, block or insider trade data available.

Corporate Actions

History of Veritas (India) Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 0.05/share
Record date: 28th Aug 2026Ex-date: 28th Aug 2026
Announced on: 28th May 2026
Dividend₹ 0.05/share
Record date: 19th Sep 2025Ex-date: 19th Sep 2025
Announced on: 29th May 2025
Dividend₹ 0.05/share
Record date: 17th Sep 2024Ex-date: 17th Sep 2024
Announced on: 29th May 2024
Dividend₹ 0.05/share
Record date: 15th Sep 2023Ex-date: 15th Sep 2023
Announced on: 18th May 2023
Dividend₹ 0.05/share
Record date: 23rd Sep 2022Ex-date: 22nd Sep 2022
Announced on: 31st May 2022

Company Profile

Overview of Veritas (India) Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Veritas (India) Limited is an India-based company, which is engaged in the business of trade and distribution of chemicals, including petrochemicals, polymers, paper and paper boards, rubber, and heavy distillates. Its segments include Distribution & Development, Power Generation, Manufacturing and ...

Key personnel

Mr. Narendra Vala

Chief Financial Officer

Mr. Amit A. Chavan

Compliance Officer, Company Secretary

Mr. Paresh Vasantlal MerchantD

Managing Director, Additional Director

Mr. Praveen BhatnagarD

Whole-time Director

Mr. Sunil SehgalD

Additional Non-Executive Non-Independent Director

Mr. Rohinton E. ShroffD

Additional Independent Director

Mrs. Bhagyashri Parag DixitD

Additional Non-Executive Independent Director

Mr. Jayaramakrishnan KannanD

Non-Executive Independent Director

Incorporated on

21 Mar 1985

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

18 Mar 2009

Free Float

27,81,313

Website

http://www.veritasindia.net/

Phone no.

+912222755555

Address

Veritas House, 70 Mint Road, Fort, MUMBAI, 400001, India

Frequently Asked Questions

What is the current share price of Veritas (India) Ltd.?

The current share price of Veritas (India) Ltd. is ₹ 177.70 as of 17 Jul 2026.

What is the market capitalisation of Veritas (India) Ltd.?

The market capitalisation of Veritas (India) Ltd. stands at ₹ 476.41 Cr.

What is the PE ratio of Veritas (India) Ltd.?

The Price-to-Earnings (PE) ratio of Veritas (India) Ltd. is 24.18 as of the latest trailing twelve months data.

What is the ROE and ROCE of Veritas (India) Ltd.?

Veritas (India) Ltd. has a Return on Equity (ROE) of 0.71% and a Return on Capital Employed (ROCE) of 1.96% as per the latest financial reports.

What is the 52-week high and low of Veritas (India) Ltd.?

The 52-week high of Veritas (India) Ltd. is - and the 52-week low is -.

What is the dividend yield of Veritas (India) Ltd.?

The dividend yield of Veritas (India) Ltd. is 0.03% based on the current market price.

What is the FII and DII holding in Veritas (India) Ltd.?

Foreign Institutional Investors (FII) hold 9.70%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 31.56% of Veritas (India) Ltd. shares.

What sector does Veritas (India) Ltd. belong to?

Veritas (India) Ltd. operates in the Services sector.

What is the beta of Veritas (India) Ltd.?

The beta of Veritas (India) Ltd. is 0.38, indicating its price volatility relative to the broader market. Over the past 1 year, Veritas (India) Ltd. has delivered an absolute return of -53.06%.

What is the RSI of Veritas (India) Ltd.?

The 14-day Relative Strength Index (RSI) of Veritas (India) Ltd. is 52.93, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Veritas (India) Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Veritas (India) Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile

Corporate Actions