VERITAS (Veritas (India)) Share Price, Stock Quote

Valuation
Market Cap	2.09 kCr
Price/Earnings (Trailing)	9.98
Price/Sales (Trailing)	0.5
EV/EBITDA	7.37
Price/Free Cashflow	85.26
MarketCap/EBT	9.95

Fundamentals
Revenue (TTM)	4.17 kCr
Earnings (TTM)	209.78 Cr

Profitability
Operating Margin	5.05%
EBT Margin	5.05%
Return on Equity	8.36%
Return on Assets	5.02%
Free Cashflow Yield	1.17%

Investor Care
Dividend Yield	0.01%
Dividend/Share (TTM)	0.05

Financial Health
Current Ratio	4.25
Debt/Equity	0.02
Debt/Cashflow	1.16

Cash Flow for Veritas (India)

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	245.3%	2.38	0.05	0.28
Change in inventories	-94.3%	2.93	35	-78.47
Depreciation	5.7%	0.34	0.3	0.32
Adjustments for interest income	1.8%	0.44	0.43	0.59
Net Cashflows from Operations	-184.5%	-9.14	13	44
Income taxes paid (refund)	-101.9%	0.99	1.52	0.57
Net Cashflows From Operating Activities	-211.3%	-10.13	11	43
Cashflows used in obtaining control of subsidiaries	-108.3%	0	13	0
Proceeds from sales of PPE	-	0.42	0	0
Purchase of property, plant and equipment	17.5%	0.34	0.2	0.02
Purchase of investment property	-	0	0	45
Interest received	1.8%	0.44	0.43	0.59
Other inflows (outflows) of cash	-130.8%	0.8	1.65	1.64
Net Cashflows From Investing Activities	102.7%	1.32	-11.01	-42.9
Proceeds from borrowings	-	12	0	0
Dividends paid	0%	0.13	0.13	0.13
Interest paid	245.3%	2.38	0.05	0.28
Net Cashflows from Financing Activities	794.1%	9.26	-0.19	-0.42
Net change in cash and cash eq.	26.7%	0.45	0.25	-0.21

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	87.5%	31	17	19
Change in inventories	-96.9%	2.04	35	-78.5
Depreciation	27.3%	43	34	32
Unrealised forex losses/gains	91.2%	-3.18	-46.45	0
Net Cashflows from Operations	-30.9%	57	82	121
Income taxes paid (refund)	-90.2%	1.05	1.51	0.51
Net Cashflows From Operating Activities	-31.2%	56	81	121
Proceeds from sales of PPE	-	0.42	0	0
Purchase of property, plant and equipment	661.8%	26	-3.45	0.02
Other inflows (outflows) of cash	-2486.2%	-5.92	1.29	27
Net Cashflows From Investing Activities	-649.4%	-31.75	-3.37	27
Proceeds from borrowings	-	12	0	0
Repayments of borrowings	-101.1%	0	95	142
Dividends paid	0%	0.13	0.13	0.13
Interest paid	87.5%	31	17	19
Other inflows (outflows) of cash	-84.4%	6.47	36	13
Net Cashflows from Financing Activities	81.8%	-13.01	-75.89	-147.84
Net change in cash and cash eq.	2757.1%	11	1.35	-0.03

Balance Sheet for Veritas (India)

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022	Sep-2021
Cash and cash equivalents	-80%	1.03	1.15	0.59	0.29	0.34	0.29
Loans, current	23.5%	22	18	16	15	13	28
Total current financial assets	-52.7%	36	75	60	73	92	200
Inventories	-25.9%	41	55	44	59	79	9.25
Total current assets	-40.5%	79	132	105	133	171	209
Property, plant and equipment	-52.9%	1.82	2.74	2.89	3.05	3	3.14
Investment property	-100.3%	0	387	387	-	-	-
Non-current investments	-	388	0	0	380	374	331
Total non-current financial assets	-	422	0	0	380	374	331
Total non-current assets	8.5%	424	391	390	383	378	335
Total assets	-3.8%	503	523	495	516	549	543
Total non-current financial liabilities	25.2%	259	207	226	3.66	3.66	215
Provisions, non-current	13%	0.2	0.08	0.17	0.16	0.16	0.09
Total non-current liabilities	25.2%	259	207	226	3.81	3.81	215
Borrowings, current	-	12	0	0	0	0	0
Total current financial liabilities	-60.7%	49	123	78	321	357	147
Provisions, current	0%	1.16	1.16	1.16	1.48	1.48	1.28
Current tax liabilities	-106.1%	0.98	1.33	1.06	2.23	1.79	1.22
Total current liabilities	-60%	51	126	80	325	360	150
Total liabilities	-6.3%	311	332	306	329	364	365
Equity share capital	0%	2.68	2.68	2.68	2.68	2.68	2.68
Total equity	1.1%	192	190	189	187	185	179
Total equity and liabilities	-3.8%	503	523	495	516	549	543

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022	Sep-2021
Cash and cash equivalents	382.6%	19	4.73	7.68	2.75	6.33	1.73
Loans, current	-550%	0.01	1.22	1.11	0.8	0.84	0.85
Total current financial assets	-3.9%	1,696	1,765	1,671	1,689	1,592	1,655
Inventories	-42.3%	42	72	44	59	79	9.31
Total current assets	-5.8%	1,738	1,845	1,715	1,754	1,673	1,668
Property, plant and equipment	0.2%	2,052	2,047	2,053	2,055	1,984	1,977
Capital work-in-progress	1.2%	349	345	344	342	342	340
Investment property	-111.6%	0	9.59	9.27	-	-	-
Non-current investments	-	10	0	0	1.33	0	0.95
Total non-current financial assets	-	44	0	0	1.33	1.38	0.95
Total non-current assets	1.8%	2,446	2,402	2,406	2,400	2,328	2,319
Total assets	-1.5%	4,183	4,248	4,121	4,153	4,001	3,987
Borrowings, non-current	-	0	0	36	69	131	216
Total non-current financial liabilities	2.1%	678	664	708	496	519	775
Provisions, non-current	92.9%	1.81	1.42	1.36	4.67	0.94	0.82
Total non-current liabilities	90.2%	1,264	665	709	501	520	776
Borrowings, current	34.3%	48	36	0	0	0	0
Total current financial liabilities	-66.1%	405	1,192	1,105	1,409	1,366	1,105
Provisions, current	-48%	2.43	3.75	1.79	2.5	2.7	3.44
Current tax liabilities	-190.9%	0.7	1.33	1.06	2.23	1.79	1.22
Total current liabilities	-65.9%	409	1,198	1,108	1,414	1,371	1,160
Total liabilities	-10.3%	1,673	1,864	1,817	1,915	1,890	1,935
Equity share capital	0%	2.68	2.68	2.68	2.68	2.68	2.68
Total equity	5.3%	2,510	2,384	2,304	2,239	2,111	2,052
Total equity and liabilities	-1.5%	4,183	4,248	4,121	4,153	4,001	3,987

Income Statement for Veritas (India)

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Jun-2024	Mar-2024	Dec-2023	Sep-2023	Jun-2023	Mar-2023
Revenue From Operations	335.7%	62	15	77	92	61	75
Other Income	0%	0.36	0.36	0.36	0.78	0.77	0.8
Total Income	306.7%	62	16	77	93	62	76
Purchases of stock-in-trade	661.3%	60	8.75	65	78	80	74
Employee Expense	-140%	0.76	0.9	0.52	0.67	0.79	0.96
Finance costs	-2.1%	0.03	0.05	0.01	0.01	0.07	0.08
Depreciation and Amortization	-6.9%	0.07	0.13	0.06	0.07	2.3	0.01
Other expenses	11.5%	0.46	0.39	0.88	0.97	0.4	0.41
Total Expenses	328.6%	61	15	76	92	61	76
Profit Before exceptional items and Tax	-190%	0.82	1.2	1.46	1.08	1.07	0.07
Total profit before tax	-190%	0.82	1.2	1.46	1.08	1.07	0.07
Current tax	-16%	0.13	0.25	0.21	0.27	0.17	0.03
Deferred tax	-27.1%	-0.36	-0.07	0.3	-0.01	-0.09	-0.03
Total tax	-51.2%	-0.24	0.18	0.51	0.26	0.08	0
Total profit (loss) for period	400%	1.05	1.01	0.95	0.82	0.99	0.07
Other comp. income net of taxes	2%	0	-0.02	0	0	0	0.04
Total Comprehensive Income	-	1.05	1	0.95	0.82	0.99	0.11
Earnings Per Share, Basic	1.6%	0.39	0.38	0.35	0.31	0.37	0.03
Earnings Per Share, Diluted	1.6%	0.39	0.38	0.35	0.31	0.37	0.03

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	7.5%	245	228	354	423	543	612
Other Income	-77.9%	2.27	6.75	2.56	8.41	6.93	13
Total Income	5.6%	248	235	356	431	550	624
Purchases of stock-in-trade	28.3%	232	181	421	408	406	707
Employee Expense	-32.3%	2.89	3.79	2.31	1.67	1.92	1.9
Finance costs	297.1%	2.38	0.3	0.32	0.25	0.34	3.06
Depreciation and Amortization	29.5%	0.33	0.05	0.28	0.32	0.47	0.58
Other expenses	-81.7%	2.65	10	4.01	13	11	5.7
Total Expenses	5.7%	243	230	349	423	541	612
Profit Before exceptional items and Tax	3.5%	4.81	4.68	7.29	8.24	8.62	13
Total profit before tax	3.5%	4.81	4.68	7.29	8.24	8.62	13
Current tax	57.1%	0.91	0.79	1.36	1.09	1.64	2.8
Deferred tax	19.4%	0.13	-0.08	-0.27	0.37	-1.5	0.02
Total tax	110.3%	1.03	0.71	1.09	1.46	0.14	2.82
Total profit (loss) for period	-6.7%	3.77	3.97	6.2	6.78	8.48	9.78
Other comp. income net of taxes	-6.2%	-0.02	0.04	-0.11	0.08	-0.06	-0.05
Total Comprehensive Income	-8.3%	3.76	4.01	6.09	6.86	8.43	9.73
Earnings Per Share, Basic	-14.6%	1.41	1.48	2.31	2.53	6.28	3.65
Earnings Per Share, Diluted	-14.6%	1.41	1.48	2.31	2.53	6.28	3.65

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Jun-2024	Mar-2024	Dec-2023	Sep-2023	Jun-2023	Mar-2023
Revenue From Operations	-31%	756	1,095	1,324	941	495	659
Other Income	29.2%	0.54	0.35	56	0.25	0.25	0.25
Total Income	-31%	756	1,095	1,380	941	495	659
Purchases of stock-in-trade	-33.7%	677	1,021	1,231	875	468	608
Employee Expense	-2.6%	5.45	5.57	4.36	3.65	2.53	2.95
Finance costs	-34.1%	7.59	11	5.85	6.33	8.36	3.58
Depreciation and Amortization	-43.8%	9.43	16	8.96	8.91	8.78	8.71
Other expenses	-38.8%	8.35	13	9	9.85	5.92	6.74
Total Expenses	-33.9%	708	1,070	1,284	899	470	630
Profit Before exceptional items and Tax	104.3%	48	24	96	42	25	29
Total profit before tax	104.3%	48	24	96	42	25	29
Current tax	-16%	0.13	0.25	0.21	0.27	0.17	0.03
Deferred tax	-27.1%	-0.36	-0.07	0.3	-0.01	-0.09	-0.03
Total tax	-51.2%	-0.24	0.18	0.51	0.26	0.08	0
Total profit (loss) for period	104.3%	48	24	96	42	25	29
Other comp. income net of taxes	-98.6%	1.03	3.09	1.05	11	-1.94	-5.54
Total Comprehensive Income	84.6%	49	27	97	53	23	24
Earnings Per Share, Basic	109.8%	17.93	9.07	35.73	15.52	9.38	10.84
Earnings Per Share, Diluted	109.8%	17.93	9.07	35.73	15.52	9.38	10.84

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	78.3%	3,855	2,163	2,131	1,876	2,037	1,876
Other Income	1401.3%	57	4.73	0.39	4.26	50	12
Total Income	80.4%	3,911	2,168	2,132	1,881	2,087	1,888
Purchases of stock-in-trade	85.1%	3,594	1,942	2,030	1,674	1,744	1,851
Employee Expense	74%	16	9.62	6.19	7.08	12	8.11
Finance costs	87.5%	31	17	19	24	35	51
Depreciation and Amortization	27.3%	43	34	32	32	30	25
Other expenses	5.9%	37	35	17	33	23	13
Total Expenses	79.8%	3,724	2,072	2,026	1,770	1,964	1,842
Profit Before exceptional items and Tax	96.8%	188	96	106	111	122	46
Total profit before tax	96.8%	188	96	106	111	122	46
Current tax	57.1%	0.91	0.79	1.36	1.09	1.64	2.8
Deferred tax	19.4%	0.13	-0.08	-0.27	0.37	-1.5	0.02
Total tax	113.8%	1.04	0.71	1.09	1.46	0.14	2.81
Total profit (loss) for period	97.9%	187	95	105	109	122	44
Other comp. income net of taxes	-80.3%	13	62	20	-13.4	-37.04	-0.05
Total Comprehensive Income	27.6%	200	157	125	96	85	44
Earnings Per Share, Basic	99.9%	69.69	35.36	39.05	40.82	91.22	16.28
Earnings Per Share, Diluted	99.9%	69.69	35.36	39.05	40.82	91.22	16.28

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: VERITAS vs Commercial Services & Supplies

Comprehensive comparison against sector averages

Comparative Metrics

VERITAS metrics compared to Commercial

Category	VERITAS	Commercial
PE	9.98	19.12
PS	0.50	0.33
Growth	84 %	5.5 %

Performance Comparison

VERITAS vs Commercial (2023 - 2025)

Key Insights

1. VERITAS is among the Top 10 Trading & Distributors companies but not in Top 5.
2. The company holds a market share of 2.8% in Trading & Distributors.
3. In last one year, the company has had an above average growth that other Trading & Distributors companies.

Shareholder Name	Holding %
Swan Energy Ltd	55.01%
Onix Assets Limited	11.19%
Latitude Consultants Limited	9.7%
Niti Nitinkumar Didwania	5.77%
Aventia Global Limited	3.73%
Groupe Veritas Limited	2.59%
Kamalasini Tradelink Pvt Ltd	1.94%
Gunjan Jain	1.64%

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
GRAVITA	GRAVITA INDIAIndustrial Minerals	13.84 kCr	3.8 kCr	+5.66%	+93.48%	48.15	3.65	+21.58%	+21.34%
MMTC	MMTCTrading & Distributors	8.74 kCr	283.62 Cr	+11.03%	-21.98%	56.7	30.82	-68.17%	+16.58%
RAJESHEXPO	Rajesh ExportsGems, Jewellery And Watches	5.71 kCr	2.84 LCr	-1.79%	-41.31%	149.18	0.02	-	-96.65%

VERITAS - Veritas (India) Limited Share Price

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Cash Flow for Veritas (India)

Balance Sheet for Veritas (India)

Income Statement for Veritas (India)

Sector Comparison: VERITAS vs Commercial Services & Supplies

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Is Veritas (India) Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)