Veritas (India) Ltd

Veritas (India) Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veritas (India) Ltd

₹ 379 -0.08%
13 Aug - close price
veritasindia.net BSE: 512229
About

Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing
& Warehousing.[1]

Key Points

Business Overview:[1]
VIL (formerly Duroflex Engineering Ltd) is a diversified company engaged in international trade and distribution across polymers, paper and paper boards, rubber, heavy distillates, and chemicals. It is also involved in software development, agriculture, manufacturing, warehousing, and wind energy generation.

Website BSE
  • Market Cap ₹ 1,017 Cr.
  • Current Price ₹ 379
  • High / Low ₹ 1,190 / 354
  • Stock P/E 234
  • Book Value ₹ 73.4
  • Dividend Yield 0.01 %
  • ROCE 2.84 %
  • ROE 2.23 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.17 times its book value
  • The company has delivered a poor sales growth of -9.85% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 2.11% over last 3 years.
  • Contingent liabilities of Rs.465 Cr.
  • Promoter holding has decreased over last 3 years: -8.35%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Services Services Commercial Services & Supplies Trading & Distributors

Part of BSE SmallCap BSE Allcap BSE Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
264.76 16.46 78.79 57.39 75.30 60.99 91.89 77.05 15.39 61.78 142.43 108.74 10.20
261.71 19.54 77.07 57.10 75.93 58.32 91.51 75.89 14.37 61.23 140.94 107.18 9.13
Operating Profit 3.05 -3.08 1.72 0.29 -0.63 2.67 0.38 1.16 1.02 0.55 1.49 1.56 1.07
OPM % 1.15% -18.71% 2.18% 0.51% -0.84% 4.38% 0.41% 1.51% 6.63% 0.89% 1.05% 1.43% 10.49%
-1.62 3.56 0.78 1.61 0.80 0.77 0.78 0.36 0.36 0.36 0.36 0.36 0.36
Interest 0.08 0.07 0.08 0.08 0.08 0.07 0.07 0.01 0.05 0.03 0.30 0.07 0.82
Depreciation 0.08 0.01 0.01 0.01 0.01 2.30 0.01 0.06 0.13 0.07 0.04 0.06 0.04
Profit before tax 1.27 0.40 2.41 1.81 0.08 1.07 1.08 1.45 1.20 0.81 1.51 1.79 0.57
Tax % 31.50% -10.00% 18.26% 16.02% 0.00% 7.48% 24.07% 35.17% 15.00% -28.40% 22.52% 20.67% -19.30%
0.88 0.43 1.96 1.51 0.07 0.99 0.82 0.95 1.01 1.05 1.17 1.43 0.68
EPS in Rs 0.33 0.16 0.73 0.56 0.03 0.37 0.31 0.35 0.38 0.39 0.44 0.53 0.25
Raw PDF
Upcoming result date: today

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
403 506 452 534 525 612 543 423 354 228 245 323
396 501 443 526 518 608 540 422 349 230 240 318
Operating Profit 7 5 8 8 7 4 3 0 5 -2 5 5
OPM % 2% 1% 2% 1% 1% 1% 1% 0% 2% -1% 2% 1%
5 8 3 5 5 13 6 8 3 7 2 1
Interest 2 2 2 2 2 3 0 0 0 0 2 1
Depreciation 1 1 1 1 1 1 0 0 0 0 0 0
Profit before tax 9 11 9 10 9 13 9 8 7 5 5 5
Tax % 18% 19% 14% 18% 38% 23% 2% 18% 15% 15% 22% 7%
7 9 8 8 6 10 8 7 6 4 4 4
EPS in Rs 2.94 3.62 2.81 2.94 2.08 3.61 3.16 2.53 2.31 1.48 1.41 1.62
Dividend Payout % 2% 1% 2% 2% 2% 1% 2% 2% 2% 3% 4% 3%
Compounded Sales Growth
10 Years: -4%
5 Years: -10%
3 Years: -3%
TTM: 32%
Compounded Profit Growth
10 Years: 2%
5 Years: -13%
3 Years: -11%
TTM: 15%
Stock Price CAGR
10 Years: 16%
5 Years: 59%
3 Years: 43%
1 Year: -56%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 2 3 3 3 3 3 3 3 3 3 3
Reserves 101 110 143 148 153 163 170 176 182 186 190 194
21 20 26 17 11 0 0 0 0 0 12 14
14 51 22 51 106 227 354 375 364 306 298 280
Total Liabilities 138 183 193 219 273 392 527 554 549 495 503 491
7 7 8 7 7 7 4 3 3 3 2 1
CWIP 0 1 0 0 0 0 0 0 0 0 0 0
Investments 12 3 30 31 96 148 303 328 374 387 388 379
119 173 155 180 171 238 221 222 172 105 113 111
Total Assets 138 183 193 219 273 392 527 554 549 495 503 491

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-28 -10 -6 8 72 63 130 22 43 11 -10 -11
33 16 -25 1 -58 -46 -129 -21 -43 -11 1 9
-5 -3 30 -10 -8 -14 -0 -0 -0 -0 9 1
Net Cash Flow 1 3 -1 -0 6 3 0 -0 -0 0 0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 93 75 65 70 76 35 123 167 80 69 70 1
Inventory Days 1 17 0 17 11 73 0 0 84 74 64 49
Days Payable 9 32 16 30 66 130 239 140 251 126 53 92
Cash Conversion Cycle 85 60 50 57 20 -21 -116 27 -87 18 81 -43
Working Capital Days 69 65 77 70 24 -1 -87 51 -72 38 90 -29
ROCE % 9% 5% 7% 7% 7% 10% 6% 5% 4% 3% 4% 3%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
56.79% 22.83% 63.37% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01%
9.70% 9.70% 0.00% 9.70% 9.91% 9.73% 9.71% 9.71% 9.70% 9.70% 9.70% 9.70%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.14% 0.14%
33.51% 67.47% 36.64% 35.30% 35.08% 35.25% 35.28% 35.28% 35.28% 35.15% 35.15% 35.15%
No. of Shareholders 3,0842,7462,8783,0153,0693,1423,2483,9484,6645,6666,4206,829

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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