Veritas (India)

Why is Veritas (India) Ltd falling/rising?

As of 07-Aug, Veritas (India) Ltd's stock price is at 168.25, down 1.35%, reflecting a significant decline of 56.41% over the past year, while the benchmark Sensex has only fallen by 2.63%. The stock shows negative momentum, trading below several key moving averages despite a recent increase in delivery volume.

As of 07-Aug, Veritas (India) Ltd's stock price is falling, currently at 168.25, reflecting a decrease of 2.3 points or 1.35%. The stock has been on a downward trend, having lost 5.18% over the last three days, which contributes to its recent decline. Over the past week, the stock has underperformed significantly, with a drop of 4.40%, while the benchmark Sensex has gained 0.52%. <BR><BR>Additionally, the stock's performance over longer periods shows a troubling trend, with a year-to-date decline of 1.38% compared to a more substantial drop of 7.89% in the Sensex. Over the past year, Veritas (India) Ltd has seen a staggering 56.41% decrease in its stock price, while the Sensex has only fallen by 2.63%. <BR><BR>Despite some positive indicators, such as a 46.69% increase in delivery volume on August 6 compared to the 5-day average, the overall market sentiment appears negative, as trading in the sector has decreased by 2%. The stock is currently trading above its 100-day moving average but below its 5-day, 20-day, 50-day, and 200-day moving averages, indicating a lack of momentum in the short to medium term. This combination of factors contributes to the ongoing decline in the stock price of Veritas (India) Ltd.

Which are the latest news on Veritas (India)?

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

The next results date for Veritas (India) Ltd is 12 August 2026.

The next results date for Veritas (India) Ltd is scheduled for 12 August 2026.

How big is Veritas (India)?

As of 10th June, Veritas (India) Ltd has a market capitalization of 419.00 Cr and reported net sales of 3112.63 Cr and a net profit of 19.70 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Veritas (India) Ltd has a market capitalization of 419.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 3112.63 Cr, while the sum of Net Profit for the same period is 19.70 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is for March 2025, with Shareholder's Funds amounting to 2,665.45 Cr and Total Assets totaling 3,835.41 Cr.

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

The management team of Veritas (India) includes Nikhil Merchant (Chairman & Managing Director), Vijay Shah, Purvi Matani, and Rohinton Eruch Shroff (Independent Directors), Kunal Sharma, and Vivek Paresh Merchant (Non-Executive Directors).

The management team of Veritas (India) includes the following individuals:<BR><BR>1. **Nikhil Merchant** - Chairman & Managing Director<BR>2. **Vijay Shah** - Independent Director<BR>3. **Purvi Matani** - Independent Director<BR>4. **Kunal Sharma** - Non-Executive Director<BR>5. **Vivek Paresh Merchant** - Non-Executive Director<BR>6. **Rohinton Eruch Shroff** - Independent Director<BR><BR>If you need more details about their roles or the company's operations, feel free to ask!

Who are the peers of the Veritas (India)?

Veritas (India) peers include Oswal Agro Mills, Riddhi Siddhi Gl, Polo Queen Ind., Kothari Products, Balgopal Commer., Agribio Spirits, Gautam Exim, and HP Telecom. In terms of management risk, Veritas has Below Average risk, with a 1-year return of -57.88%, better than Polo Queen Ind. but worse than other peers.

Peers: The peers of Veritas (India) are Oswal Agro Mills, Riddhi Siddhi Gl, Polo Queen Ind., Kothari Products, Balgopal Commer., Agribio Spirits, Gautam Exim, and HP Telecom.<BR><BR>Quality Snapshot: Excellent management risk is observed at HP Telecom, while Average management risk is found at Balgopal Commer. and the rest. Below Average management risk is noted for Oswal Agro Mills, Riddhi Siddhi Gl, Polo Queen Ind., Kothari Products, Veritas (India), Agribio Spirits, and Gautam Exim. Growth is Excellent at HP Telecom, Average at Polo Queen Ind., and the rest show Below Average growth. Capital Structure is Excellent at Oswal Agro Mills, Good at Veritas (India), Balgopal Commer., and Agribio Spirits, while Below Average is seen at Riddhi Siddhi Gl, Kothari Products, and Gautam Exim.<BR><BR>Return Snapshot: Gautam Exim has the highest 1-year return at 94.41%, while Polo Queen Ind. has the lowest at -73.90%. Veritas (India) has a 1-year return of -57.88%, which is better than Polo Queen Ind. but worse than all other peers. Additionally, the six-month return is negative for Oswal Agro Mills, Polo Queen Ind., Kothari Products, Balgopal Commer., and HP Telecom.

What does Veritas (India) do?

Veritas (India) Ltd is a diversified company involved in the international trade and distribution of chemicals, petrochemicals, and related products. It became a subsidiary of Swan Energy Limited in 2023 and reported net sales of 532 Cr and a net loss of 16 Cr for the quarter ending March 2026.

Overview: <BR>Veritas (India) Ltd is a diversified firm engaged in international trade and distribution of chemicals, petrochemicals, polymers, paper, rubber, and heavy distillates, operating within the Trading & Distributors industry and classified as a Micro Cap company.<BR><BR>History: <BR>Incorporated in 1985, Veritas (India) Limited has evolved from basic trading to more integrated services and became a subsidiary of Swan Energy Limited in early 2023. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 532 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: -16 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 419 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 21.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.03% <BR>Debt-Equity: 0.17 <BR>Return on Equity: 0.69% <BR>Price to Book: 0.15 <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

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

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

Veritas (India) Ltd's latest results are concerning, showing a 46.17% decline in net sales and a net loss of ₹15.93 crores, a significant drop from the previous profit. The sharp increase in interest costs further indicates serious financial challenges, suggesting the performance is bad and warrants caution from investors.

The latest results for Veritas (India) Ltd are concerning and indicate a significant deterioration in performance. In the March 2026 quarter, the company reported a net sales decline of 46.17% quarter-on-quarter, bringing total sales down to ₹531.74 crores. This drop is compounded by a sharp contraction in operating margins, which fell to just 1.71% from 2.51% in the previous quarter.<BR><BR>Moreover, the company swung to a net loss of ₹15.93 crores for the quarter, a drastic change from a profit of ₹10.88 crores in the prior quarter, representing a staggering 246.42% decline. The surge in interest costs to ₹15.00 crores, up 364.4% from the previous quarter, raises additional concerns about the company's financial health.<BR><BR>Overall, these results highlight significant operational challenges and a troubling trend in profitability, suggesting that the latest performance can be classified as bad. Investors should approach with caution, as the company faces critical issues that need to be addressed for any potential recovery.

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.

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) 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.

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.

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.