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Veritas (India) Ltd

VERITAS

Veritas (India) Ltd

VERITAS
IndustrialsCommodities Trading
SmallcapWith a market cap of ₹3,428 cr, stock is ranked 804
Moderate RiskStock is 2.50x as volatile as Nifty
1,278.902.00% (+25.05)
1,278.902.00% (+25.05)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsCommodities Trading
SmallcapWith a market cap of ₹3,428 cr, stock is ranked 804
Moderate RiskStock is 2.50x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Bad

The stock is overpriced and in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsCommodities Trading
SmallcapWith a market cap of ₹3,428 cr, stock is ranked 804
Moderate RiskStock is 2.50x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
17.891.490.00%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
61.737.170.48%

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.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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

Lower 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 5.23%, vs industry avg of 14.71%

Decreasing 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 decreased from 1.74% to 1.15%

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 6.95%, vs industry avg of 53.36%

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Financial YearFY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023TTM
Total Revenue1,502.761,455.831,650.721,680.371,887.952,086.561,880.532,131.872,167.963,475.79
Raw Materialssubtract1,455.421,356.531,594.751,573.591,850.751,744.091,673.942,029.821,941.533,223.83
Power & Fuel Costsubtract0.050.000.070.070.050.060.060.007.35
Employee Costsubtract3.613.212.532.574.6211.667.086.199.62
Selling & Administrative Expensessubtract7.824.002.792.179.757.127.187.018.26
Operating & Other expensessubtract-21.2423.88-32.7322.87-99.13136.3225.28-68.0653.98
Depreciation/Amortizationsubtract0.600.700.710.6624.8830.1231.8031.9634.4335.36
Interest & Other Itemssubtract6.326.059.357.2450.5734.7524.2819.1517.2724.12
Taxes & Other Itemssubtract2.141.241.773.432.930.141.461.090.710.85
EPS19.8423.6126.6625.2816.2445.6240.8239.0635.3671.48
DPS0.050.050.050.050.050.050.050.050.050.05
Payout ratio0.000.000.000.000.000.000.000.000.000.00

Company Updates

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

Peers & Comparison

Comparing 3 stocks from 
IndustrialsCommodities Trading

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Veritas (India) Ltd36.161.490.00%
Adani Enterprises Ltd147.979.660.04%
MMTC Ltd7.258.03
MSTC Ltd26.068.021.67%

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%9.73%35.27%

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Shareholding History

SepDec '22MarJunSepDec '239.70%9.70%0.00%9.70%9.91%9.73%

Insider Trades & Bulk Deals

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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 0.00%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.04 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

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

Cash Dividend

Ex DateEx DateSep 19, 2019

Final
Final | Div/Share: ₹0.05

Dividend/Share

0.05

Ex DateEx Date

Sep 19, 2019