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Veritas (India) Ltd

VERITAS

Veritas (India) Ltd

VERITAS
IndustrialsCommodities Trading
SmallcapWith a market cap of ₹2,371 cr, stock is ranked 1,043
Moderate RiskStock is 2.20x as volatile as Nifty
867.002.00% (-17.65)
867.002.00% (-17.65)

Price Chart

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1D
1W
1M
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Max
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IndustrialsCommodities Trading
SmallcapWith a market cap of ₹2,371 cr, stock is ranked 1,043
Moderate RiskStock is 2.20x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

Avg

Can be considered moderately valued vs the market

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsCommodities Trading
SmallcapWith a market cap of ₹2,371 cr, stock is ranked 1,043
Moderate RiskStock is 2.20x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
11.580.940.01%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
47.666.650.57%

Forecast & Ratings

Detailed Forecast 
—
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The Company's principal business activities include wholesale trade. The Company is engaged in the business of imports, export, trading and distribution of chemicals, polymers , metals, rubber etc.

Peers

Compare with peers 
Compare with Peers

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Forecasts

Price

Revenue

Earnings

Price Forecast

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Revenue Forecast

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Earnings Per Share Forecast

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Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 15.68%, vs industry avg of 4.01%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.63% to 2.74%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 33.83%, vs industry avg of 115.89%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,455.831,650.721,680.371,887.952,086.561,880.532,131.872,167.963,911.434,159.41
Raw Materialssubtract1,356.531,594.751,573.591,850.751,744.091,673.942,029.821,941.533,594.493,871.33
Power & Fuel Costsubtract0.000.070.070.050.060.060.007.350.87
Employee Costsubtract3.212.532.574.6211.667.086.199.6216.11
Selling & Administrative Expensessubtract4.002.792.179.757.127.187.018.2610.99
Operating & Other expensessubtract23.88-32.7322.87-99.13136.3225.28-68.0653.9827.42
Depreciation/Amortizationsubtract0.700.710.6624.8830.1231.8031.9634.4342.5444.38
Interest & Other Itemssubtract6.059.357.2450.5734.7524.2819.1517.2731.1238.07
Taxes & Other Itemssubtract1.241.773.432.930.141.461.090.711.040.80
EPS23.6126.6625.2816.2445.6240.8239.0635.3669.6976.40
DPS0.050.050.050.050.050.050.050.050.050.05
Payout ratio0.000.000.000.000.000.000.000.000.000.00
See Costs

EPS and DPS in ₹. Other numbers except Payout Ratio in ₹ cr

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF
FY 2022

Annual report

PDF
FY 2023

Annual report

PDF
FY 2024

Annual report

PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsCommodities Trading

Valuation

Technical

Forecast

ScreenerCompare valuation on Screener

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Veritas (India) Ltd12.690.940.01%
Adani Enterprises Ltd100.517.370.05%
MMTC Ltd58.746.94—
MSTC Ltd21.264.892.51%

Price Comparison

Compare VERITAS with any stock or ETF
Compare VERITAS with any stock or ETF
VERITAS
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding55.01%0.00%0.00%9.71%35.28%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep9.70%9.91%9.73%9.71%9.71%9.71%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

VERITAS has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.01%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.06 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 17, 2024

Final
Final | Div/Share: ₹0.05

Dividend/Share

₹0.05

Ex DateEx Date

Sep 17, 2024

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹0.05

Dividend/Share

₹0.05

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateSep 22, 2022

Final
Final | Div/Share: ₹0.05

Dividend/Share

₹0.05

Ex DateEx Date

Sep 22, 2022

Cash Dividend

Ex DateEx DateSep 22, 2021

Final
Final | Div/Share: ₹0.05

Dividend/Share

₹0.05

Ex DateEx Date

Sep 22, 2021

Cash Dividend

Ex DateEx DateSep 22, 2020

Final
Final | Div/Share: ₹0.05

Dividend/Share

₹0.05

Ex DateEx Date

Sep 22, 2020

News & Opinions
Earnings
Veritas (India) consolidated net profit declines 11.90% in the September 2024 quarter

Net profit of Veritas (India) declined 11.90% to Rs 36.66 crore in the quarter ended September 2024 as against Rs 41.61 crore during the previous quarter ended September 2023. Sales declined 2.70% to Rs 915.51 crore in the quarter ended September 2024 as against Rs 940.87 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales915.51940.87 -3 OPM %5.266.04 - PBDT47.1050.78 -7 PBT36.9941.87 -12 NP36.6641.61 -12 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Veritas (India) to discuss results

Veritas (India) will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Veritas (India) to conduct AGM

Veritas (India) announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Veritas (India) to convene AGM

Veritas (India) announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Veritas (India) consolidated net profit rises 91.21% in the June 2024 quarter

Net profit of Veritas (India) rose 91.21% to Rs 48.07 crore in the quarter ended June 2024 as against Rs 25.14 crore during the previous quarter ended June 2023. Sales rose 52.56% to Rs 755.52 crore in the quarter ended June 2024 as against Rs 495.23 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales755.52495.23 53 OPM %8.518.50 - PBDT57.2734.00 68 PBT47.8425.22 90 NP48.0725.14 91 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Veritas (India) to conduct board meeting

Veritas (India) will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

Marina III Singapore exits Craftsman Automation; Swan Energy ups stake in Veritas India

1 year agoMoneycontrol

Swan Energy to acquire 75% stake in Veritas India for Rs 260.35 crore | The Financial Express

2 years agoFinancial Express

Wonderla Kochi secures COV-safe certification

3 years agoThe Hindu Businessline

Leela Palaces, Hotels and Resorts launches new safety protocols in partnership with Bureau Veritas India

4 years agoEconomic Times