Veritas (India) Ltd
VERITASVeritas (India) Ltd
VERITASPrice Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
12.09 | 0.99 | 0.01% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
49.52 | 7.02 | 0.55% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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 peersAdani Enterprises Ltd
MMTC Ltd
MSTC Ltd
Mercury Ev-Tech Ltd
Hexa Tradex Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,455.83 | 1,650.72 | 1,680.37 | 1,887.95 | 2,086.56 | 1,880.53 | 2,131.87 | 2,167.96 | 3,911.43 | 4,159.41 | ||||||||||
Raw Materials | 1,356.53 | 1,594.75 | 1,573.59 | 1,850.75 | 1,744.09 | 1,673.94 | 2,029.82 | 1,941.53 | 3,594.49 | 3,871.33 | ||||||||||
Power & Fuel Cost | 0.00 | 0.07 | 0.07 | 0.05 | 0.06 | 0.06 | 0.00 | 7.35 | 0.87 | |||||||||||
Employee Cost | 3.21 | 2.53 | 2.57 | 4.62 | 11.66 | 7.08 | 6.19 | 9.62 | 16.11 | |||||||||||
Selling & Administrative Expenses | 4.00 | 2.79 | 2.17 | 9.75 | 7.12 | 7.18 | 7.01 | 8.26 | 10.99 | |||||||||||
Operating & Other expenses | 23.88 | -32.73 | 22.87 | -99.13 | 136.32 | 25.28 | -68.06 | 53.98 | 27.42 | |||||||||||
EBITDA | 68.21 | 83.31 | 79.10 | 121.91 | 187.31 | 166.99 | 156.91 | 147.22 | 261.55 | 288.08 | ||||||||||
Depreciation/Amortization | 0.70 | 0.71 | 0.66 | 24.88 | 30.12 | 31.80 | 31.96 | 34.43 | 42.54 | 44.38 | ||||||||||
PBIT | 67.51 | 82.60 | 78.44 | 97.03 | 157.19 | 135.19 | 124.95 | 112.79 | 219.01 | 243.70 | ||||||||||
Interest & Other Items | 6.05 | 9.35 | 7.24 | 50.57 | 34.75 | 24.28 | 19.15 | 17.27 | 31.12 | 38.07 | ||||||||||
PBT | 61.46 | 73.25 | 71.20 | 46.46 | 122.44 | 110.91 | 105.80 | 95.52 | 187.89 | 205.63 | ||||||||||
Taxes & Other Items | 1.24 | 1.77 | 3.43 | 2.93 | 0.14 | 1.46 | 1.09 | 0.71 | 1.04 | 0.80 | ||||||||||
Net Income | 60.22 | 71.48 | 67.77 | 43.53 | 122.30 | 109.45 | 104.71 | 94.81 | 186.85 | 204.83 | ||||||||||
EPS | 23.61 | 26.66 | 25.28 | 16.24 | 45.62 | 40.82 | 39.06 | 35.36 | 69.69 | 76.40 | ||||||||||
DPS | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
IndustrialsCommodities Trading
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Veritas (India) Ltd | 13.25 | 0.99 | 0.01% |
Adani Enterprises Ltd | 87.76 | 6.43 | 0.05% |
MMTC Ltd | 61.36 | 7.25 | — |
MSTC Ltd | 24.79 | 5.70 | 2.15% |
Price Comparison
Compare VERITAS with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
VERITAS has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.01%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.05 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 17, 2024
Dividend/Share
₹0.05
Ex DateEx Date
Sep 17, 2024
Cash Dividend
Ex DateEx DateSep 15, 2023
Dividend/Share
₹0.05
Ex DateEx Date
Sep 15, 2023
Cash Dividend
Ex DateEx DateSep 22, 2022
Dividend/Share
₹0.05
Ex DateEx Date
Sep 22, 2022
Cash Dividend
Ex DateEx DateSep 22, 2021
Dividend/Share
₹0.05
Ex DateEx Date
Sep 22, 2021
Cash Dividend
Ex DateEx DateSep 22, 2020
Dividend/Share
₹0.05
Ex DateEx Date
Sep 22, 2020
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
Veritas (India) will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live
Veritas (India) announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2024.Powered by Capital Market - Live
Veritas (India) announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2024.Powered by Capital Market - Live
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
Veritas (India) will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live
Marina III Singapore exits Craftsman Automation; Swan Energy ups stake in Veritas India
Swan Energy to acquire 75% stake in Veritas India for Rs 260.35 crore | The Financial Express
Wonderla Kochi secures COV-safe certification
Leela Palaces, Hotels and Resorts launches new safety protocols in partnership with Bureau Veritas India
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.68%, vs industry avg of 4.11%
Increasing Market Share
Over the last 5 years, market share increased from 1.62% to 2.72%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 33.83%, vs industry avg of 113.44%