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.

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.

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.

Are Veritas (India) Ltd latest results good or bad?

Veritas (India) Ltd's latest Q2 FY26 results are concerning, with net profit plummeting 97.52% despite a 71.55% increase in net sales, indicating significant profitability issues. Overall, the financial performance reflects critical operational challenges and a lack of investor confidence, as the stock has declined 71.46% over the past year.

Veritas (India) Ltd's latest results for Q2 FY26 indicate a challenging financial situation. While the company achieved a significant increase in net sales, rising 71.55% quarter-on-quarter to ₹1,006.40 crores, this growth was overshadowed by a catastrophic decline in net profit, which fell by 97.52% to just ₹0.60 crores. This sharp drop in profitability is concerning, particularly as the operating margin also decreased dramatically from 6.11% in the previous quarter to 1.55%.<BR><BR>The year-on-year comparison is equally troubling, with net profit collapsing 98.36% from ₹36.66 crores a year ago, and the PAT margin contracting from 4.00% to a mere 0.06%. This suggests that despite the revenue growth, the company is struggling to maintain profitability, likely due to increased competitive pressures and rising costs.<BR><BR>Overall, the financial performance reflects a serious profitability crisis, raising significant concerns about the sustainability of the business model. The stock has also underperformed significantly over the past year, down 71.46%, indicating a lack of investor confidence. Given these factors, the latest results can be characterized as bad, highlighting critical operational challenges for Veritas (India) Ltd.

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

Why is Veritas (India) Ltd falling/rising?

As of 16-Mar, Veritas (India) Ltd's stock price is Rs 161.55, down 1.97%, and has been declining for three consecutive days. The stock has significantly underperformed its sector and shows weak financial health, with a 75.2% profit drop over the past year and low profitability indicators.

As of 16-Mar, Veritas (India) Ltd's stock price is falling, currently at Rs 161.55, which represents a decrease of Rs 3.25 or 1.97%. The stock has been on a downward trend, having lost value for the last three consecutive days, resulting in a total decline of 3.41% during this period. Additionally, the stock is trading close to its 52-week low, just 0.22% away from Rs 161.2.<BR><BR>In terms of performance, the stock has underperformed its sector by 2.99% today and has shown significant declines over various time frames, including a 1-month drop of 8.65% and a staggering 61.23% decrease over the past year. This poor performance is compounded by the company's negative financial results, including a 75.2% fall in profits over the past year and a consistent record of negative results for the last six quarters.<BR><BR>Moreover, Veritas (India) Ltd is trading below its moving averages across multiple time frames, indicating a bearish trend. Although there has been a slight increase in investor participation, with a 3.45% rise in delivery volume, the overall financial health of the company, characterized by low profitability and poor management efficiency, contributes to the stock's decline. The company's Return on Equity (ROE) is low at 1.9%, and it has experienced a significant annual decline in operating profit of 14.07% over the last five years, further signaling weak long-term growth prospects.

Which are the latest news on Veritas (India)?