Recent Price Movement and Market Context
On 18 Dec 2025, Veritas (India) touched its lowest price point in the last 52 weeks at Rs.175. This level reflects a continuation of the stock’s downward trajectory, with losses accumulating over the last four consecutive trading sessions. During this period, the stock recorded a cumulative return of -5.55%, underperforming its sector by 0.74% on the day of the new low.
The broader market context shows the Sensex opening flat and then trading slightly lower by 0.17%, at 84,417.71 points. The benchmark index remains near its 52-week high of 86,159.02, just 2.06% away, and is supported by bullish moving averages, with the 50-day moving average positioned above the 200-day moving average. In contrast, Veritas (India) is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a persistent weakness relative to the market.
Long-Term Performance and Comparative Analysis
Over the last year, Veritas (India) has delivered a return of -82.26%, a stark contrast to the Sensex’s positive return of 5.26% during the same period. The stock’s 52-week high was Rs.1,027.20, illustrating the extent of the decline from its peak. This underperformance extends beyond the one-year horizon, with the stock lagging behind the BSE500 index across one, three years, and the last three months.
The company operates within the Trading & Distributors sector, which has generally maintained steadier valuations and returns. Veritas (India)’s relative weakness highlights challenges specific to the company rather than sector-wide issues.
Momentum building strong! This Mid Cap from NBFC is on our MomentumNow radar. Other investors are catching on – will you join?
- - Building momentum strength
- - Investor interest growing
- - Limited time advantage
Financial Metrics Reflecting Company Performance
Veritas (India) has exhibited subdued financial performance over recent years. The company’s average Return on Equity (ROE) stands at 4.90%, indicating limited profitability relative to shareholders’ funds. This figure is notably low compared to industry standards and suggests challenges in generating returns from equity capital.
Operating profit has shown a negative compound annual growth rate of -6.48% over the past five years, signalling contraction in core earnings. The company has reported negative results for five consecutive quarters, including the quarter ending September 2024, marking a prolonged period of earnings pressure.
Operating cash flow for the year reached a low of Rs. -10.54 crores, reflecting cash outflows from core business activities. The Profit After Tax (PAT) for the most recent quarter was Rs.0.60 crore, representing a decline of 97.3% compared to the average of the previous four quarters. Return on Capital Employed (ROCE) for the half-year period was recorded at 2.72%, the lowest level in recent times.
Balance Sheet and Valuation Considerations
Despite the challenges in profitability and earnings, Veritas (India) maintains a conservative capital structure. The average Debt to Equity ratio is low at 0.05 times, indicating limited reliance on debt financing. This low leverage may provide some financial flexibility amid earnings pressures.
The stock’s valuation metrics reflect its subdued performance. With a Price to Book Value ratio of 0.2 and a Return on Equity of 1.9 in recent assessments, the stock is trading at levels that suggest a valuation below its book value. This valuation is considered fair relative to historical averages of its peers in the Trading & Distributors sector.
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
Shareholding and Corporate Structure
The majority shareholding in Veritas (India) is held by promoters, indicating concentrated ownership. This structure often influences company decisions and strategic direction. The company’s sector classification remains within Trading & Distributors, a segment characterised by distribution and trading activities across various product lines.
Summary of Key Performance Indicators
To summarise, Veritas (India) has experienced a significant decline in its stock price, reaching Rs.175 as its 52-week low. The stock’s performance over the last year has been markedly below market benchmarks, with returns of -82.26% compared to the Sensex’s positive 5.26%. Financial indicators such as ROE, operating profit growth, and PAT have shown subdued or negative trends, while the company’s low leverage and valuation metrics reflect cautious market sentiment.
These factors collectively illustrate the challenges faced by Veritas (India) in recent periods, as well as the market’s response through the stock’s price movement.
Only Rs. 14,999 - Get MojoOne + Stock of the Week for 1 Year PLUS 18 Months FREE! Claim Your Free Year →
