ScoreWhy is Veritas (India) Ltd ?
1
Poor Management Efficiency with a low ROE of 5.99%
- The company has been able to generate a Return on Equity (avg) of 5.99% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Operating profit has grown by an annual rate 14.54% of over the last 5 years
3
Negative results in Dec 24
- PAT(HY) At Rs 66.59 cr has Grown at -51.54%
- INTEREST(HY) At Rs 27.21 cr has Grown at 49.75%
- PBT LESS OI(Q) At Rs 27.17 cr has Fallen at -19.9% (vs previous 4Q average)
4
Stock is technically in a Bearish range
- The technical trend has deteriorated from Mildly Bearish on 16-Jan-25 and has generated -51.35% returns since then
- Multiple factors for the stock are Bearish like MACD, Bollinger Band and KST
5
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
6
Underperformed the market in the last 1 year
- Even though the market (BSE 500) generated negative returns of -1.05% in the last 1 year, its fall in the stock was much higher with a return of -70.06%
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Trading)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Veritas (India) for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Veritas (India)
-70.0%
-2.32
30.26%
SENSEX
0.45%
0.03
14.48%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
15.08%
EBIT Growth (5y)
14.54%
EBIT to Interest (avg)
5.49
Debt to EBITDA (avg)
1.07
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.03
Tax Ratio
0.45%
Dividend Payout Ratio
0.07%
Pledged Shares
0
Institutional Holding
9.84%
ROCE (avg)
5.59%
ROE (avg)
5.99%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
7
Industry P/E
22
Price to Book Value
0.39
EV to EBIT
6.58
EV to EBITDA
5.18
EV to Capital Employed
0.41
EV to Sales
0.25
PEG Ratio
NA
Dividend Yield
0.01%
ROCE (Latest)
6.48%
ROE (Latest)
7.87%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend9What is working for the Company
ROCE(HY)
Highest at 8.92%
NET SALES(Q)
At Rs 1,642.46 cr has Grown at 60.7% (vs previous 4Q average
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 52.79 cr
-16What is not working for the Company
PAT(HY)
At Rs 66.59 cr has Grown at -51.54%
INTEREST(HY)
At Rs 27.21 cr has Grown at 49.75%
PBT LESS OI(Q)
At Rs 27.17 cr has Fallen at -19.9% (vs previous 4Q average
Loading Valuation Snapshot...
Here's what is working for Veritas (India)
Net Sales - Quarterly
At Rs 1,642.46 cr has Grown at 60.7% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 1,022.37 CrMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Net Sales - Quarterly
Highest at Rs 1,642.46 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 52.79 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for Veritas (India)
Profit After Tax (PAT) - Quarterly
At Rs 29.93 cr has Fallen at -41.6% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 51.21 CrMOJO Watch
Near term PAT trend is very negative
PAT (Rs Cr)
Interest - Half Yearly
At Rs 27.21 cr has Grown at 49.75%
over previous Half yearly periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 27.17 cr has Fallen at -19.9% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 33.92 CrMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
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