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Veritas (India) Limited

Veritas (India) Limited

BBSE:VERITAS
144.85
INR
+2.80
(+1.97%)
-0.29EPS
4.59BMarket Cap
Veritas (India) Limited
BSE:VERITAS
(Bombay Stock Exchange)

Recent

price

144.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
254.33
326.39
377.59
496.53
620.71
543
614.87
626.38
699.63
759.73
699.84
795.03
806.87
1,437.72
1,528.57
1,161
1,272.14
Revenue per Share
10.03
5.57
7.95
12.82
19.84
22.47
25.71
25.27
16.23
45.61
40.82
39.05
35.36
69.69
42.36
7.35
-0.29
Basic EPS, GAAP
1.1
-21.56
-32.85
-11.28
-45.31
-55.01
-99.2
103.88
55.33
20.41
49.9
44.25
29.28
9.03
13.82
-86.88
- -
Free Cash Flow per Basic Share
- -
0.06
- -
0.05
0.05
0.05
0.06
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
- -
Dividend per Share
43.03
51.96
61.83
79.04
422.76
415.19
438.25
464.96
633
704.64
736.16
787.45
859.26
936.27
994.2
1,068.34
- -
Book Value per Share
43.03
51.96
61.82
79.04
422.75
415.13
438.2
464.92
632.98
704.64
736.16
787.45
859.26
936.27
994.2
1,068.34
- -
Tangible Book Value per Share
24
24
24
24
24
27
27
27
27
27
27
27
27
27
27
27
27
Basic Weighted Avg Shares
6,157
7,902
9,142
12,021
15,027
14,558
16,485
16,793
18,757
20,368
18,763
21,315
21,632
38,545
40,981
31,126
34,235
Sales/Revenue/Turnover
-95.32
1.9
2.84
2.94
3.76
4.64
4.77
5.15
4.59
5.6
7.55
5.84
5.35
5.67
3.68
1.64
0.8
Operating Margin (%)
19
15
6
6
6
7
7
7
249
301
318
320
344
425
394
413
424
Depreciation Expense
243
135
193
310
480
602
689
678
435
1,223
1,094
1,047
948
1,869
1,136
197
-8
Net Income, GAAP
6.31
13.51
7.64
4.92
4.27
2.01
1.87
4.82
6.31
0.12
1.32
1.02
0.74
0.55
0.31
- -
- -
Effective Tax Rate (%)
3.94
1.71
2.11
2.58
3.2
4.14
4.18
4.03
2.32
6
5.83
4.91
4.38
4.85
2.77
0.63
-0.02
Profit Margin (%)
867
1,235
1,463
1,725
1,580
2,880
3,166
-633
1,618
2,606
4,666
4,229
5,387
13,284
5,174
6,884
- -
Working Capital
57
38
31
21
684
2,547
4,903
8,698
4,185
4,198
3,229
1,807
517
713
738
1,428
- -
LT Debt
1,042
1,258
1,497
1,914
10,235
11,131
11,749
12,466
16,971
18,891
19,736
21,112
23,037
25,101
26,655
28,642
- -
Total Equity
-558.79
7.69
8.97
9.98
6.15
4.38
4.32
3.36
3.31
4.84
5.33
5.08
4.57
7.98
5.2
- -
- -
Return on Invested Capital (%)
27.44
11.67
8.97
12.01
6.92
4.73
4.47
3.34
3.7
6.73
5.5
5.1
4.45
7.85
4.8
- -
- -
Return on Capital (%)
26.22
11.74
13.98
18.2
7.91
5.64
6.03
5.6
2.96
6.82
5.67
5.13
4.3
7.76
4.39
0.71
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,691
- -
LT Borrowings
- -
675
- -
LT Finance Leases
- -
753
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
4,574
3,615
4,591

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
22,108
- -
Cash, Cash Equivalents & STI
- -
280
- -
Accounts Receivable, Net
- -
20,957
- -
Inventories
- -
417
- -
Total Current Liabilities
- -
15,224
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,691
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.23%
7.74%
7.46%
Free Cash Flow
-87.95%
-157.95%
-728.54%
Net Income, GAAP
10.89%
-7.72%
-82.65%
Sales/Revenue/Turnover
10.3%
15.11%
-24.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7,555
9,155
16,425
7,846
40,981
2026
5,867
10,064
9,878
5,317
31,126
2027
8,975
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
17.93
13.67
11.16
-0.41
42.36
2026
9.01
0.22
4.06
-5.94
7.35
2027
1.36
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.05
2026
- -
- -
- -
- -
0.05
2027
- -
- -
- -
- -
- -
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Business
Veritas (India) Limited engages in the international trade and distribution of chemicals, petrochemicals, polymers, paper and paper boards, rubber products, heavy distillates, metals and minerals, petroleum products, and fertilizers; it also provides logistics services, generates wind energy, develops IT and software products including document management and billing systems, and operates warehousing and manufacturing facilities. Incorporated on March 21, 1985 and headquartered in Mumbai, India, the company lists on the Bombay Stock Exchange under the ticker VERITAS.BO and maintains global operations through trading and distribution hubs in India and the United Arab Emirates, with overseas subsidiaries including Veritas International FZE; it serves diverse industry verticals across national and international markets as a subsidiary of Swan Energy Limited. Recent developments include the evolution of its business model from pure trading to integrated international trade and distribution services, the reporting of consolidated net sales of Rs 1,006.40 crore for the quarter ended September 2025 with unaudited financial results approved on November 13, 2024, and ongoing diversification into petroleum products such as naphtha alongside expansions in PVC, polymer modified bitumen, and LPG bottling.