Veritas India Ltd
Fundamental Score
Veritas India Ltd Share Price Live NSE/BSE
Profitability Metrics
Return on Equity
Return on Capital Employed
Operating Profit Margin (5Y)
Dividend Yield
Valuation Metrics
Price to Earnings
Market Capitalization
Industry P/E
Growth Metrics
YoY Quarterly Profit Growth
YoY Quarterly Sales Growth
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Financial Health
Debt to Equity
Interest Coverage
Free Cash Flow (5Y)
Ownership Structure
Promoter Holding
FII Holding
DII Holding
Pledged Percentage
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Market Data Analysis & Educational Insights
Educational evaluation of VERITAS across key market metrics for learning purposes.
Positive Indicators
6 factors identified
Attractive Valuation (P/E: 10.55 vs Industry: 35.45)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity if fundamentals support the business case.
Consistent Growth Track Record (15.01% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model and market opportunity execution over time.
Conservative Debt Levels (D/E: 0.09)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns and flexibility for growth investments.
Strong Cash Generation (₹401.76 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (55.01%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment while ensuring adequate liquidity.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral, reducing forced-selling risk.
Analysis: Absence of share pledging eliminates potential forced-selling pressure during market stress.
Risk Factors
7 factors identified
Below-Average Return on Equity (4.39%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (5.35%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation. Review business model and competitive positioning.
Profit Decline Concern (-98.36%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes. Monitor for recovery signs and management guidance.
Weak Earnings Growth (-1.57% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation. Consider growth catalysts and competitive positioning.
Stagnant Profit Growth (-1.57% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity. Assess transformation initiatives.
Limited Institutional Interest (FII+DII: 9.84%)
Observation: Low institutional participation may affect liquidity and visibility.
Analysis: Limited institutional interest may indicate size constraints or visibility issues in the investment community.
Very Low ROE
Observation: Poor capital utilization and shareholder returns.
Analysis: ROE below 5% suggests significant inefficiencies in capital deployment.
Financial Statements
Comprehensive financial data for Veritas India Ltd
About VERITAS
Business Overview
Veritas (India) Limited trades in and distributes chemicals, such as polymers, paper and paper boards, rubber products, heavy distillates, and petrochemicals in India and internationally. The company operates through four segments: Distribution & Development; Power Generation; Manufacturing; and Warehousing. It also trades in and distributes chemicals and petrochemicals, petroleum, and fertilizers. The company was formerly known as Duroflex Engineering Limited and changed its name to Veritas (India) Limited in April 2009. The company was incorporated in 1985 and is based in Mumbai, India. Veritas (India) Limited is a subsidiary of Swan Energy Limited.
Company Details
Key Leadership
Corporate Events
Latest News
VERITAS Stock Details & Analysis
Key Financial Metrics
Growth & Valuation
Frequently Asked Questions
What is the current price of Veritas India Ltd (VERITAS)?
As of 06 Feb 2026, 10:19 am IST, Veritas India Ltd (VERITAS) is currently trading at ₹183.00. The stock has a market capitalization of ₹565.29 (Cr).
Is VERITAS share price Overvalued or Undervalued?
VERITAS is currently trading at a P/E ratio of 10.55x, compared to the industry average of 35.45x. Based on this relative valuation, the stock appears to be Undervalued against its sector peers.
What factors affect the Veritas India Ltd share price?
Key factors influencing VERITAS's price include its quarterly earnings growth (Sales Growth: 9.93%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Veritas India Ltd a good stock for long-term investment?
Veritas India Ltd shows a 5-year Profit Growth of -1.57% and an ROE of 4.39%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.09 before investing.
How does Veritas India Ltd compare with its industry peers?
Veritas India Ltd competes with major peers in the Trading & Distributors. Investors should compare VERITAS's P/E of 10.55x and ROE of 4.39% against the industry averages to determine its competitive standing.
What is the P/E ratio of VERITAS and what does it mean?
VERITAS has a P/E ratio of 10.55x compared to the industry average of 35.45x. The Price-to-Earnings (P/E) ratio is calculated by dividing the current share price by earnings per share (EPS). This means investors are paying ₹11 for every ₹1 of annual earnings.
How is VERITAS performing according to Bull Run's analysis?
VERITAS has a Bull Run fundamental score of 37.3/100, which indicates concerns that require careful analysis. This comprehensive rating is based on 15+ financial parameters including profitability, growth metrics, and valuation ratios.
What sector and industry does VERITAS belong to?
VERITAS operates in the Trading & Distributors industry. This classification helps understand the competitive landscape and sector-specific trends affecting Veritas India Ltd.
What is Return on Equity (ROE) and why is it important for VERITAS?
VERITAS has an ROE of 4.39%, which suggests challenges in generating returns from shareholders' equity. Return on Equity measures how efficiently Veritas India Ltd generates profits from shareholders' equity.
How is VERITAS's debt-to-equity ratio and what does it indicate?
VERITAS has a debt-to-equity ratio of 0.09, which indicates conservative financing with low financial risk. A ratio below 1.0 generally indicates conservative financing.
What is VERITAS's dividend yield and is it a good dividend stock?
VERITAS offers a dividend yield of 0.02%, which means you receive ₹0.02 annual dividend for every ₹100 invested.
How has VERITAS grown over the past 5 years?
VERITAS has achieved 5-year growth rates of: Sales Growth 15.01%, Profit Growth -1.57%, and EPS Growth -1.57%.
What is the promoter holding in VERITAS and why does it matter?
Promoters hold 55.01% of VERITAS shares, with 0.00% of promoter shares pledged. High promoter holding often indicates strong management confidence.
What is VERITAS's market capitalization category?
VERITAS has a market capitalization of ₹565 crores, placing it in the Small-cap category.
How volatile is VERITAS stock?
VERITAS has a beta of N/A. A beta > 1 suggests the stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is the 52-week high and low for VERITAS?
VERITAS has a 52-week high of ₹N/A and low of ₹N/A.
What is VERITAS's operating profit margin trend?
VERITAS has a 5-year average Operating Profit Margin (OPM) of 6.05%, indicating the company's operational efficiency.
How is VERITAS's quarterly performance?
Recent quarterly performance shows YoY Sales Growth of 9.93% and YoY Profit Growth of -98.36%.
What is the institutional holding pattern in VERITAS?
VERITAS has FII holding of 9.70% and DII holding of 0.14%. Significant institutional holding often suggests professional confidence in the stock.