Veritas (India)

Who are the top shareholders of the Veritas (India)?

The top shareholders of Veritas (India) are Swan Energy Ltd with 55.01%, followed by Onix Assets Limited at 11.19%, and individual investors holding 13.28%. Additionally, two Foreign Institutional Investors hold a combined 9.7%, with no pledged promoter holdings or mutual fund investments.

The top shareholders of Veritas (India) include Swan Energy Ltd, which holds the largest stake at 55.01%. Additionally, Onix Assets Limited is the highest public shareholder with a 11.19% ownership. The company also has individual investors holding a combined 13.28%. Furthermore, there are two Foreign Institutional Investors (FIIs) that collectively hold 9.7% of the shares. Notably, there are no pledged promoter holdings and no mutual funds currently invested in the company.

Who are in the management team of Veritas (India)?

As of March 2023, the management team of Veritas (India) includes Nikhil Merchant (Chairman & Managing Director), Kunal Sharma, Vivek Paresh Merchant (Non-Executive Directors), and independent directors Vijay Shah, Purvi Matani, and Rohinton Eruch Shroff. Each member contributes to the company's governance.

As of March 2023, the management team of Veritas (India) includes the following members:<BR><BR>1. Vijay Shah - Independent Director<BR>2. Purvi Matani - Independent Director<BR>3. Kunal Sharma - Non Executive Director<BR>4. Nikhil Merchant - Chairman & Managing Director<BR>5. Vivek Paresh Merchant - Non Executive Director<BR>6. Rohinton Eruch Shroff - Independent Director<BR><BR>Each member plays a distinct role within the company's governance structure.

What does Veritas (India) do?

Veritas (India) Ltd, established in 1985, specializes in the import, export, trading, and distribution of chemicals, metals, and machinery. As of March 2025, it reported net sales of 786 Cr and a net profit of -1 Cr, with a market cap of Rs 1,011 Cr.

Overview:<BR>Veritas (India) Ltd is engaged in the imports, exports, trading, and distribution of chemicals, metals, and machinery, and operates in the Trading & Distributors industry within the small-cap market.<BR><BR>History:<BR>Incorporated in 1985, Veritas (India) Limited has been involved in its current business activities since its inception. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 786 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: -1 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap: Rs 1,011 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 9.00<BR>- Industry P/E: 30<BR>- Dividend Yield: 0.01%<BR>- Debt Equity: 0.03<BR>- Return on Equity: 4.26%<BR>- Price to Book: 0.39<BR><BR>Contact Details:<BR>Address: Veritas House 3rd Floor, Mint Road Fort Mumbai Maharashtra : 400001 <BR>Tel: 91-022-22755555/61840000 <BR>Email: corp@veritasindia.net <BR>Website: http://www.veritasindia.net

Has Veritas (India) declared dividend?

Yes, Veritas (India) Ltd has declared a 5% dividend, amounting to ₹0.05 per share, with an ex-date of September 17, 2024. While recent total returns have been negative, longer-term performance shows significant growth potential.

Veritas (India) Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.05<BR>- Ex-date: 17 Sep 24<BR><BR>Dividend Yield: 0.01%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -60.91%, with a dividend return of 0%, resulting in a total return of -60.91%.<BR><BR>Over the past year, the price return was -69.95%, and the dividend return was 0.00%, leading to a total return of -69.95%.<BR><BR>In the 2-year period, the price return was 114.47%, with a dividend return of 0.06%, culminating in a total return of 114.53%.<BR><BR>For the 3-year period, the price return was 195.07%, while the dividend return was 0.12%, resulting in a total return of 195.19%.<BR><BR>In the 4-year period, the price return was 331.88%, and the dividend return was 0.17%, leading to a total return of 332.05%.<BR><BR>Over the last 5 years, the price return was 1132.84%, with a dividend return of 0.76%, resulting in a total return of 1133.6%.<BR><BR>Overall, while Veritas (India) has declared a dividend, the recent total returns over shorter periods have been significantly negative, indicating challenges in the company's performance. However, the longer-term returns show substantial growth, suggesting potential recovery and value for long-term investors.

Who are the peers of the Veritas (India)?

Veritas (India) peers include Redington, MMTC, MSTC, Ravindra Energy, S T C, Mehai Technology, Kothari Products, Vikas Lifecare, and Sakuma Exports. Veritas has an excellent capital structure but the lowest 1-year return at -71.13%, while Ravindra Energy leads with 141.63%.

Peers: The peers of Veritas (India) are Redington, MMTC, MSTC, Ravindra Energy, S T C, Mehai Technology, Kothari Products, Vikas Lifecare, and Sakuma Exports.<BR><BR>Quality Snapshot: Excellent management risk is observed at Redington, while Average management risk is found at MMTC, MSTC, and Sakuma Exports, and the rest have Below Average management risk. Excellent growth is noted at Mehai Technology, while Average growth is seen at Sakuma Exports, and the rest have Below Average growth. Excellent capital structure is attributed to Veritas (India), while Good capital structure is found at Redington, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: Ravindra Energy has the highest 1-year return at 141.63%, while Veritas (India) has the lowest at -71.13%. Veritas's return is significantly lower than its peers. Additionally, MMTC, MSTC, Ravindra Energy, S T C, Vikas Lifecare, and Sakuma Exports have negative six-month returns.

How big is Veritas (India)?

As of 24th July, Veritas (India) Ltd has a market capitalization of 1,059.00 Cr, with recent net sales of 4,099.05 Cr and a net profit of 113.56 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Veritas (India) Ltd has a market capitalization of 1,059.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 4,099.05 Cr, while the sum of Net Profit for the same period is 113.56 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2024. Shareholder's Funds stand at 2,510.14 Cr, and Total Assets amount to 4,182.76 Cr.

Are Veritas (India) latest results good or bad?

Veritas (India) reported disappointing results for June 2025, with net sales declining by 42.8% and profitability metrics also down, indicating ongoing financial challenges. Despite some improvements in efficiency, the overall performance is characterized as bad.

Veritas (India) has reported disappointing financial results for the quarter ending June 2025. The company experienced a significant decline in net sales, which fell by 42.8% compared to the average of the previous four quarters, totaling Rs 586.66 crore. This sharp drop indicates serious challenges in revenue generation.<BR><BR>While there was a slight improvement in the Debtors Turnover Ratio, suggesting better efficiency in collecting receivables, the overall profitability metrics are concerning. Profit Before Tax (PBT) decreased by 21.8%, and Profit After Tax (PAT) fell by 14.9% compared to previous averages.<BR><BR>Despite some positive trends in quarter-over-quarter growth, such as a substantial increase in consolidated net profit, the overall picture remains negative due to the significant declines in both sales and profitability. Therefore, the latest results for Veritas (India) can be characterized as bad, reflecting ongoing difficulties in the company's financial performance.

Is Veritas (India) technically bullish or bearish?

As of 29 October 2025, the technical trend has shifted to a bearish stance with moderate strength, driven by daily moving averages and bearish signals from weekly indicators, despite some mildly bullish signals from the weekly MACD and RSI.

As of 29 October 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish, with moderate strength. Key indicators driving this include the daily moving averages indicating bearish momentum, and the weekly KST and Dow Theory both showing bearish signals. While the weekly MACD and RSI are mildly bullish, they are overshadowed by the overall bearish sentiment from the monthly indicators and the recent price decline, with a significant drop of 4.02% over the past week.

How has been the historical performance of Veritas (India)?

Veritas (India) has shown significant growth in net sales, increasing from 2,131.48 Cr in March 2022 to 4,099.05 Cr in March 2025, but has faced volatility in profitability, with profit before tax declining from 187.89 Cr in March 2024 to 113.91 Cr in March 2025. Overall, while sales have increased, profitability and cash flow have encountered challenges.

Answer:<BR>The historical performance of Veritas (India) shows a fluctuating trend in its financial metrics over the years, with notable changes in net sales, profits, and overall financial health.<BR><BR>Breakdown:<BR>Veritas (India) has experienced significant growth in net sales, rising from 2,131.48 Cr in March 2022 to 4,099.05 Cr in March 2025, marking a substantial increase over the years. However, the total operating income followed a similar upward trajectory, reaching 4,099.05 Cr in March 2025, compared to 2,163.22 Cr in March 2023. Despite this growth, the operating profit (PBDIT) has shown volatility, peaking at 261.54 Cr in March 2024 before declining to 193.98 Cr in March 2025. The profit before tax also reflected this trend, decreasing from 187.89 Cr in March 2024 to 113.91 Cr in March 2025. The profit after tax followed suit, dropping from 186.85 Cr in March 2024 to 113.56 Cr in March 2025. On the balance sheet, total assets decreased from 4,182.76 Cr in March 2024 to 3,835.41 Cr in March 2025, while total liabilities also fell from 4,182.76 Cr to 3,835.41 Cr in the same period. Cash flow from operating activities showed a decline from 55.00 Cr in March 2024 to 28.00 Cr in March 2025, although the net cash inflow improved slightly from 11.00 Cr to 21.00 Cr. Overall, while Veritas (India) has shown growth in sales, its profitability and cash flow have faced challenges in recent years.

Is Veritas (India) overvalued or undervalued?

As of December 1, 2025, Veritas (India) is considered very attractive and undervalued with a PE ratio of 10.55, significantly lower than peers like Elitecon International and MMTC, despite a year-to-date stock performance of -75.67% compared to the Sensex's 9.60%, indicating strong potential for recovery and growth.

As of 1 December 2025, the valuation grade for Veritas (India) has moved from attractive to very attractive. The company is currently considered undervalued, with a PE ratio of 10.55, an EV to EBITDA ratio of 6.17, and a Price to Book Value of 0.21. These ratios indicate that the stock is trading at a significant discount compared to its earnings and asset value.<BR><BR>In comparison with peers, Veritas (India) stands out favorably against Elitecon International, which has a PE ratio of 207.27, and MMTC, with a PE ratio of 127.42. Additionally, PTC India, another peer, has a much lower PE ratio of 7.13, further supporting the notion that Veritas is undervalued. Despite recent poor stock performance relative to the Sensex, with a year-to-date return of -75.67% compared to the Sensex's 9.60%, the company's fundamentals suggest a strong potential for recovery and growth.

Should I buy, sell or hold Veritas (India) Ltd?

When is the next results date for Veritas (India) Ltd?

The next results date for Veritas (India) Ltd is 05 February 2026.

The next results date for Veritas (India) Ltd is scheduled for 05 February 2026.

Which are the latest news on Veritas (India)?

Why is Veritas (India) Ltd falling/rising?

As of 02-Feb, Veritas (India) Ltd's stock price is rising to Rs 183.50, up 1.83%. Despite recent gains, the stock faces long-term challenges, including trading below moving averages and declining investor participation.

As of 02-Feb, Veritas (India) Ltd's stock price is rising, currently at Rs 183.50, reflecting a change of 3.3 (1.83%) upward. The stock has shown a strong performance over the past week, gaining 6.72% compared to a mere 0.16% increase in the Sensex. Additionally, it has risen 7.00% over the past month, while the Sensex has declined by 4.78%. Year-to-date, the stock has increased by 7.56%, contrasting with a 4.17% drop in the benchmark index.<BR><BR>Today's trading performance indicates that the stock has outperformed its sector by 2.06% and has been on a consecutive gain streak for the last five days, accumulating a total return of 7.4% during this period. The stock reached an intraday high of Rs 183.8, marking a 2% increase, although it also experienced a low of Rs 176.6, which was a 2% decrease. <BR><BR>Despite these positive movements, it is important to note that the stock is trading below its longer-term moving averages (50-day, 100-day, and 200-day), which may indicate some underlying weaknesses. Furthermore, there has been a decline in investor participation, with delivery volume falling by 19.72% compared to the five-day average, suggesting a potential decrease in trading interest.<BR><BR>Overall, while Veritas (India) Ltd is currently experiencing a rise in stock price, this is juxtaposed with significant long-term challenges, including a poor return on equity and negative financial results over the past quarters.