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Veritas (India) share price

Veritas (India) Ltd.

BSE: 512229 SECTOR: Trading  10k   22   1

1319.80
+25.85 (2.00%)
BSE: 15 May 04:01 PM

Price Summary

Today's High

₹ 1319.8

Today's Low

₹ 1268.1

52 Week High

₹ 1588

52 Week Low

₹ 155.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

3538.38 Cr.

Enterprise Value

3537.53 Cr.

No. of Shares

2.68 Cr.

P/E

1250.76

P/B

18.49

Face Value

₹ 1

Div. Yield

0 %

Book Value (TTM)

₹  71.39

CASH

0.85 Cr.

DEBT

0 Cr.

Promoter Holding

55.01 %

EPS (TTM)

₹  1.06

Sales Growth

-35.59%

ROE

2.12 %

ROCE

2.53%

Profit Growth

-35.98 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-35.59%
3 Year-25.11%
5 Year-15.37%

Profit Growth

1 Year-35.98%
3 Year-22.37%
5 Year-6.56%

ROE%

1 Year2.12%
3 Year3.13%
5 Year4.08%

ROCE %

1 Year2.53%
3 Year3.84%
5 Year5.25%

Debt/Equity

0

Price to Cash Flow

309.07

Interest Cover Ratio

86.0363636363636

CFO/PAT (5 Yr. Avg.)

7.66040643483746

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 55.01 0
Dec 2023 55.01 0
Sep 2023 55.01 0
Jun 2023 55.01 0
Mar 2023 63.37 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of -66.9693151987199 days.
  • The company has a good cash flow management; CFO/PAT stands at 7.66040643483746.
  • The company has a high promoter holding of 55.01%.

 Limitations

  • The company has shown a poor profit growth of -22.3687452831533% for the Past 3 years.
  • The company has shown a poor revenue growth of -25.1109581557468% for the Past 3 years.
  • Company has a poor ROE of 3.1273838738825% over the past 3 years.
  • Company has a poor ROCE of 3.84034632202317% over the past 3 years
  • Company has contingent liabilities of 450.4561 Cr.
  • The company has a low EBITDA margin of 0.182410330738541% over the past 5 years.
  • The company is trading at a high PE of 1250.76.
  • The company is trading at a high EV/EBITDA of 561.7786.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 57.39 75.3 60.99 91.89 77.05
Total Expenditure 57.11 75.93 58.32 91.51 75.88
Operating Profit 0.28 -0.63 2.67 0.39 1.17
Other Income 1.61 0.8 0.77 0.78 0.36
Interest 0.08 0.08 0.07 0.01 0.06
Depreciation 0.01 0.01 2.3 0.07 0.01
Exceptional Items 0 0 0 0 0
Profit Before Tax 1.8 0.07 1.07 1.08 1.46
Tax 0.29 0 0.08 0.26 0.51
Profit After Tax 1.51 0.07 0.99 0.82 0.95
Adjusted EPS (Rs) 0.56 0.03 0.37 0.31 0.35

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 611.53 542.7 422.85 353.9 227.93
Total Expenditure 608.27 540.19 423.74 350.49 229.84
Operating Profit 3.26 2.51 -0.88 3.41 -1.91
Other Income 12.98 6.93 9.7 4.49 6.95
Interest 3.06 0.34 0.25 0.28 0.06
Depreciation 0.58 0.47 0.32 0.32 0.3
Exceptional Items 0 0 0 0 0
Profit Before Tax 12.6 8.62 8.24 7.29 4.68
Tax 2.93 0.14 1.46 1.09 0.71
Net Profit 9.67 8.48 6.78 6.2 3.97
Adjusted EPS (Rs.) 3.61 3.16 2.53 2.31 1.48

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 2.68 2.68 2.68 2.68 2.68
Total Reserves 162.8 170.33 176.28 182.21 186.1
Borrowings 0 0 0 0 0
Other N/C liabilities 8.91 5.75 212.82 123.57 225.82
Current liabilities 218.1 347.92 162.04 240.19 79.93
Total Liabilities 392.49 526.68 553.82 548.65 494.53
Assets
Net Block 6.63 3.6 3.3 3 2.89
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 147.54 302.54 328.35 374.32 386.99
Loans & Advances 0.69 0.76 0.4 0.03 0
Other N/C Assets 0 0 0 0 0
Current Assets 237.64 219.78 221.77 171.31 104.65
Total Assets 392.49 526.68 553.82 548.65 494.53
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 12.6 8.62 8.24 7.29 4.68
Adjustment -2.36 -2.35 -3.73 -2.62 -1.46
Changes in Assets & Liabilities 56.14 125.55 18.04 39 9.75
Tax Paid -3.35 -2.3 -0.83 -0.57 -1.52
Operating Cash Flow 63.03 129.52 21.72 43.1 11.45
Investing Cash Flow -45.9 -149.37 -21.43 -42.9 -11.01
Financing Cash Flow -14.34 -0.48 -0.39 -0.42 -0.19
Net Cash Flow 2.79 -20.32 -0.1 -0.21 0.25

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 63.37 55.01 55.01 55.01 55.01
swan energy ltd 55.01 55.01 55.01 55.01 55.01
groupe veritas limited 2.59 - - - -
niti nitinkumar didwania 5.77 - - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 36.63 44.99 44.99 44.99 44.99
ajay s. jain 1.64 1.64 1.64 1.64 1.64
aventia global limited 3.73 3.73 3.73 3.73 3.73
groupe veritas limited - 2.59 2.59 2.59 2.59
kamalasini tradelink pvt ... 2.82 2.82 2.82 2.82 2.82
latitude consultants limi... 9.70 9.70 9.70 9.70 9.70
llp 0.01 0.02 0.01 0.10 0.47
niti nitinkumar didwania - 5.77 5.77 5.77 5.77
onix assets limited 11.19 11.19 11.19 11.19 11.19
suryakanchan vinimay priv... 1.30 1.30 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Veritas (India) informs about resignation of CS cum CO22 Mar 2024, 2:41PM Veritas (India) gets LoA worth Rs 155.85 crore from BMC in consortium with Genesys International Corporation19 Mar 2024, 10:51AM Veritas (India) - Quaterly Results30 Jan 2024, 5:35PM Veritas (India) - Quaterly Results30 Jan 2024, 5:35PM Veritas (India) - Quaterly Results30 Jan 2024, 5:35PM Veritas (India) - Quaterly Results6 Nov 2023, 5:36PM Veritas (India) - Quaterly Results6 Nov 2023, 5:36PM Veritas (India) informs about annual general meeting29 Aug 2023, 4:42PM Veritas (India) - Quaterly Results9 Aug 2023, 5:55PM Veritas (India) - Quaterly Results9 Aug 2023, 5:55PM Veritas (India) - Quaterly Results18 May 2023, 7:49PM Veritas (India) - Quaterly Results18 May 2023, 7:49PM Veritas (India) - Quaterly Results7 Feb 2023, 7:26PM Veritas (India) - Quaterly Results7 Feb 2023, 7:26PM Veritas (India) informs about disclosure23 Jan 2023, 4:34PM Veritas (India) informs about disclosure 23 Jan 2023, 12:39PM Veritas (India) informs about disclosure21 Jan 2023, 3:44PM Veritas (India) informs about disclosure 8 Dec 2022, 11:53AM Veritas (India) informs about disclosure 6 Dec 2022, 12:54PM Veritas (India) informs about disclosure6 Dec 2022, 10:56AM Veritas (India) - Quaterly Results14 Nov 2022, 12:00PM Veritas (India) informs about disclosure 4 Nov 2022, 12:39PM Veritas (India) informs about disclosure 18 Oct 2022, 12:41PM Veritas (India) informs about disclosures15 Oct 2022, 2:24PM Veritas (India) informs about confirmation certificate7 Oct 2022, 4:56PM Veritas (India) informs about disclosure24 Sep 2022, 12:32PM Veritas (India) informs about disclosure22 Sep 2022, 12:56PM Veritas (India) informs about updates on open offer18 Aug 2022, 4:18PM Veritas (India) - Quaterly Results10 Aug 2022, 6:53PM Veritas (India) informs about updates on open offer10 Aug 2022, 2:20PM Veritas (India) informs about board meeting4 Aug 2022, 3:06PM Veritas (India) informs about final dividend31 May 2022, 5:02PM Veritas (India) - Quaterly Results17 Feb 2022, 6:28PM Veritas (India) - Quaterly Results17 Feb 2022, 6:28PM Veritas (India) informs about board meeting8 Feb 2022, 2:33PM Veritas (India) informs about confirmation certificate19 Jan 2022, 3:30PM Veritas (India) - Quaterly Results24 Nov 2021, 6:36PM Veritas (India) - Quaterly Results24 Nov 2021, 6:36PM Veritas to transfer 74% of holding in Veritas Polychem, Veritas Infra & Logistics19 Oct 2021, 4:30PM Veritas (India) informs about disclosure29 Sep 2021, 9:48AM Veritas (India) informs about newspaper publication13 Sep 2021, 4:17PM Veritas (India) informs about confirmation certificate13 Jul 2021, 5:05PM

Veritas (India) Stock Price Analysis and Quick Research Report. Is Veritas (India) an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Veritas (India) . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Veritas (India) has a PE ratio of 1250.75815011372 which is high and comparatively overvalued .

  • Share Price: - The current share price of Veritas (India) is Rs 1319.8. One can use valuation calculators of ticker to know if Veritas (India) share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Veritas (India) has ROA of 0.760883381637455 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Veritas (India) has a Current ratio of 1.30925339298583 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Veritas (India) has a ROE of 2.12420215968849 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Veritas (India) has a Debt to Equity ratio of 0 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Veritas (India) has reported revenue growth of -35.5929286709936 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Veritas (India) for the current financial year is -0.837170327440556 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Veritas (India) is Rs 0.05 and the yield is 0.0038 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Veritas (India) is Rs 1.0552 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Veritas (India) in Ticker for free. Also, one can get the intrinsic value of Veritas (India) by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Veritas (India)
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