Recent Price Movement and Market Context
On 26 Nov 2025, Veritas (India) opened at Rs.215.9, representing a gap down of 2.00% from the previous close. The stock touched an intraday low at the same level, Rs.215.9, and has since remained at this price point. This performance underperformed its sector by approximately 1.94% on the day. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling sustained bearish momentum.
In contrast, the broader market showed resilience. The Sensex, after a flat opening with a decline of 83.57 points, rallied to close 369.53 points higher at 84,872.97, a gain of 0.34%. The index remains close to its 52-week high of 85,801.70, trading just 1.09% below that peak. Small-cap stocks led the market advance, with the BSE Small Cap index gaining 0.53% on the day.
Long-Term Performance and Valuation Metrics
Over the past year, Veritas (India) has recorded a return of -75.32%, a stark contrast to the Sensex’s 6.06% gain during the same period. The stock’s 52-week high was Rs.1,027.2, highlighting the extent of the decline. Despite the sizeable market capitalisation, domestic mutual funds hold no stake in the company, which may reflect a cautious stance towards its current valuation and business prospects.
The company’s price-to-book value stands at a low 0.2, indicating that the stock is trading at a valuation below its book value. This valuation is relatively attractive compared to peers, but it coincides with a period of subdued profitability and earnings contraction.
Our latest weekly pick is out! This Large Cap from Steel/Sponge Iron/Pig Iron delivered with target price and complete analysis. See what makes this week's selection special!
- - Latest weekly selection
- - Target price delivered
- - Large Cap special pick
See This Week's Special Pick →
Profitability and Financial Health
Veritas (India) has exhibited low profitability metrics over recent periods. The average return on equity (ROE) is 4.90%, indicating limited earnings generated per unit of shareholders’ funds. The company’s operating profit has declined at an annual rate of -6.48% over the last five years, reflecting challenges in sustaining growth.
Recent quarterly results have been negative for five consecutive quarters, with the latest quarter showing a profit after tax (PAT) of Rs.0.60 crore, down by 97.3% compared to the average of the previous four quarters. Operating cash flow for the year is reported at a low of Rs.-10.54 crore, and the return on capital employed (ROCE) for the half-year stands at 2.72%, the lowest recorded.
Despite these figures, the company maintains a low average debt-to-equity ratio of 0.05 times, suggesting limited leverage and a conservative capital structure.
Stock Price Trends and Technical Indicators
The stock’s continuous decline over nine trading sessions has resulted in a cumulative loss of 16.54% during this period. Trading below all key moving averages signals a persistent downtrend, with no immediate technical support evident at current levels. The gap down opening today and the inability to recover intraday further underscore the prevailing bearish sentiment.
Compared to the broader market, which has shown strength and positive momentum, Veritas (India) remains an outlier with sustained underperformance.
Veritas (India) or something better? Our SwitchER feature analyzes this micro-cap Trading & Distributors stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Comparative Market Performance
While the BSE500 index has generated returns of 4.85% over the last year, Veritas (India) has lagged significantly with a negative return of -75.32%. This divergence highlights the stock’s relative weakness within the trading and distributors sector and the broader market.
The company’s financial results and market valuation reflect a period of contraction and subdued investor confidence, as evidenced by the absence of domestic mutual fund holdings and the stock’s persistent decline.
Summary of Key Financial Indicators
To summarise, Veritas (India) is currently trading at Rs.215.9, its lowest level in 52 weeks, after a sustained period of price erosion. The stock’s valuation metrics, including a price-to-book value of 0.2 and a low ROE of 4.90%, indicate subdued profitability and modest asset utilisation. Operating profit trends and recent quarterly earnings have shown contraction, with negative cash flow reported for the year.
Despite a conservative debt profile, the company’s financial performance has not translated into positive market momentum, as reflected in its underperformance relative to the Sensex and sector indices.
Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →
