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Veritas (India)

  • Market Cap: Small Cap
  • Industry: Trading
  • ISIN: INE379J01029
  • NSEID:
  • BSEID: 512229
INR
376.20
-6.8 (-1.78%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 16.7 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

375.35390.65

52 Week

369.251,588.00
Valuation
Technical
Day's Volume

CASH

16.7 k (202.68%) Volume

Shareholding (Dec 2024)

FII

9.70%

Held by 2 FIIs

DII

0.14%

Held by 0 DIIs

Promoter

55.01%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
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

4

Stock is technically in a Bearish range

5

Despite the size of the company, domestic mutual funds hold only 0% of the company

6

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Trading

stock-summary
Market cap

INR 1,009 Cr (Small Cap)

stock-summary
P/E

7.00

stock-summary
Industry P/E

22

stock-summary
Dividend Yield

0.01%

stock-summary
Debt Equity

0.03

stock-summary
Return on Equity

7.87%

stock-summary
Price to Book

0.39

Revenue and Profits (1 Year):
Net Sales:
1,642 Cr
(Quarterly Results - Dec 2024)
Net Profit:
30 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.01%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-66.8%
0%
-66.8%
1 Year
-70.0%
0.00%
-70.0%
2 Years
174.7%
0.07%
174.77%
3 Years
185.54%
0.13%
185.67%
4 Years
449.6%
0.30%
449.9%
5 Years
1398.8%
0.82%
1399.62%

Latest dividend: 0.05 per share ex-dividend date: Sep-17-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
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%
Valuation 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%
Tecnicals 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
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 2 FIIs (9.7%)

Promoter with highest holding

Swan Energy Limited (55.01%)

Highest Public shareholder

Onix Assets Limited (11.19%)

Individual Investors Holdings

13.4%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 79.40% vs 21.18% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -18.36% vs -23.74% in Sep 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,642.46",
          "val2": "915.51",
          "chgp": "79.40%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "50.28",
          "val2": "48.14",
          "chgp": "4.45%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "13.16",
          "val2": "14.05",
          "chgp": "-6.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "29.93",
          "val2": "36.66",
          "chgp": "-18.36%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "3.06%",
          "val2": "5.26%",
          "chgp": "-2.20%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 16.36% vs 54.07% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 26.94% vs 63.96% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,671.03",
          "val2": "1,436.10",
          "chgp": "16.36%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "112.45",
          "val2": "98.97",
          "chgp": "13.62%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "21.64",
          "val2": "14.69",
          "chgp": "47.31%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "84.73",
          "val2": "66.75",
          "chgp": "26.94%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "6.73%",
          "val2": "6.89%",
          "chgp": "-0.16%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 20.05% vs 83.48% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -29.46% vs 147.30% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3,313.49",
          "val2": "2,760.00",
          "chgp": "20.05%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "162.73",
          "val2": "154.05",
          "chgp": "5.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "34.80",
          "val2": "20.54",
          "chgp": "69.43%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "114.66",
          "val2": "162.55",
          "chgp": "-29.46%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "4.91%",
          "val2": "5.58%",
          "chgp": "-0.67%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 78.18% vs 1.49% in Mar 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 97.08% vs -9.45% in Mar 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3,854.53",
          "val2": "2,163.22",
          "chgp": "78.18%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "204.64",
          "val2": "142.48",
          "chgp": "43.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "31.12",
          "val2": "17.27",
          "chgp": "80.20%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "186.85",
          "val2": "94.81",
          "chgp": "97.08%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "5.31%",
          "val2": "6.59%",
          "chgp": "-1.28%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
1,642.46
915.51
79.40%
Operating Profit (PBDIT) excl Other Income
50.28
48.14
4.45%
Interest
13.16
14.05
-6.33%
Exceptional Items
0.00
0.00
Consolidate Net Profit
29.93
36.66
-18.36%
Operating Profit Margin (Excl OI)
3.06%
5.26%
-2.20%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is 79.40% vs 21.18% in Sep 2024

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2024 is -18.36% vs -23.74% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
1,671.03
1,436.10
16.36%
Operating Profit (PBDIT) excl Other Income
112.45
98.97
13.62%
Interest
21.64
14.69
47.31%
Exceptional Items
0.00
0.00
Consolidate Net Profit
84.73
66.75
26.94%
Operating Profit Margin (Excl OI)
6.73%
6.89%
-0.16%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 16.36% vs 54.07% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is 26.94% vs 63.96% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
3,313.49
2,760.00
20.05%
Operating Profit (PBDIT) excl Other Income
162.73
154.05
5.63%
Interest
34.80
20.54
69.43%
Exceptional Items
0.00
0.00
Consolidate Net Profit
114.66
162.55
-29.46%
Operating Profit Margin (Excl OI)
4.91%
5.58%
-0.67%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 20.05% vs 83.48% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -29.46% vs 147.30% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
3,854.53
2,163.22
78.18%
Operating Profit (PBDIT) excl Other Income
204.64
142.48
43.63%
Interest
31.12
17.27
80.20%
Exceptional Items
0.00
0.00
Consolidate Net Profit
186.85
94.81
97.08%
Operating Profit Margin (Excl OI)
5.31%
6.59%
-1.28%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 78.18% vs 1.49% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is 97.08% vs -9.45% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Veritas (India) Ltd stock-summary
stock-summary
Veritas (India) Ltd
Small Cap
Trading
Incorporated in 1985, Veritas (India) Limited is engaged in the business of imports, export, trading and distribution of chemicals, metals and machinery. The Company is also engaged in the generation of wind energy in the State of Maharashtra and Tamil Nadu States. The Company generates power through wind mills. The Company's segments include,Trading & Distribution and Wind Power Generation. During 2010, the Company set up two new Wind Mills for Power generation at Tirunelveli Dist.
Company Coordinates stock-summary
Company Details
Veritas House 3rd Floor, Mint Road Fort Mumbai Maharashtra : 400001
stock-summary
Tel: 91-022-22755555/61840000
stock-summary
http://www.veritasindia.net
stock-summary
corp@veritasindia.net
Registrar Details
Mondkar Computers Pvt Ltd , 21 Shakil Niwas , Opp. Satya Saibaba Temple, Mahakali Caves Road, Andheri (E), Mumbai
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