Veritas (India) Ltd

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

Veritas (India) Ltd

₹ 380 0.05%
10 Jun - close price
veritasindia.net BSE: 512229
About

Formerly known as Duroflex Engineering, Veritas (India) Limited (VIL) was established in 1985 and is based in Mumbai. The company is focused on Trading & Distribution of Chemicals, Logistics, Development of Software and Power Generation (Wind Energy). The company has established overseas subsidiaries and offices.

Key Points

Business Overview
The company is engaged in the business of International Trade & Distribution of Polymers, Paper & Paper Boards, Rubber, Heavy Distillates, Chemicals, Development of Software, etc. The Company is also engaged In generation of Wind Energy. [1]

Website BSE
  • Market Cap ₹ 1,019 Cr.
  • Current Price ₹ 380
  • High / Low ₹ 1,330 / 369
  • Stock P/E 8.98
  • Book Value ₹ 994
  • Dividend Yield 0.01 %
  • ROCE 5.49 %
  • ROE 4.39 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.38 times its book value
  • Debtor days have improved from 184 to 114 days.
  • Company's working capital requirements have reduced from 92.7 days to 46.5 days

Cons

  • Tax rate seems low
  • Company has a low return on equity of 5.49% over last 3 years.
  • Dividend payout has been low at 0.11% of profits over last 3 years
  • Company's cost of borrowing seems high
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
511.91 392.40 539.72 572.12 658.99 495.23 940.87 1,323.90 1,094.54 755.52 915.51 1,642.46 785.56
476.19 366.49 503.00 533.38 617.89 453.12 884.01 1,268.82 1,043.93 691.20 867.38 1,592.18 759.19
Operating Profit 35.72 25.91 36.72 38.74 41.10 42.11 56.86 55.08 50.61 64.32 48.13 50.28 26.37
OPM % 6.98% 6.60% 6.80% 6.77% 6.24% 8.50% 6.04% 4.16% 4.62% 8.51% 5.26% 3.06% 3.36%
-2.18 3.04 0.25 1.19 0.25 0.25 0.25 56.04 0.35 0.54 13.01 3.12 -11.80
Interest 6.19 3.84 4.07 5.77 3.58 8.36 6.33 5.85 10.58 7.59 14.05 13.16 5.84
Depreciation 7.96 8.24 8.64 8.84 8.71 8.78 8.91 8.96 15.89 9.43 10.10 9.95 9.94
Profit before tax 19.39 16.87 24.26 25.32 29.06 25.22 41.87 96.31 24.49 47.84 36.99 30.29 -1.21
Tax % 2.06% -0.24% 1.81% 1.15% 0.00% 0.32% 0.62% 0.53% 0.73% -0.48% 0.92% 1.22% -9.09%
19.00 16.91 23.81 25.02 29.06 25.14 41.61 95.80 24.30 48.07 36.66 29.93 -1.10
EPS in Rs 7.09 6.31 8.88 9.33 10.84 9.38 15.52 35.73 9.06 17.93 13.67 11.16 -0.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,202 1,503 1,456 1,648 1,679 1,876 2,037 1,876 2,131 2,163 3,855 4,099
1,166 1,446 1,388 1,567 1,601 1,765 1,899 1,714 1,975 2,021 3,650 3,910
Operating Profit 36 57 68 82 78 110 138 163 157 142 205 189
OPM % 3% 4% 5% 5% 5% 6% 7% 9% 7% 7% 5% 5%
3 0 -0 2 1 12 49 4 0 5 57 5
Interest 6 6 6 9 7 51 35 24 19 17 31 41
Depreciation 1 1 1 1 1 25 30 32 32 34 43 39
Profit before tax 33 50 61 73 71 46 122 111 106 96 188 114
Tax % 5% 4% 2% 2% 5% 6% 0% 1% 1% 1% 1% 0%
31 48 60 71 68 44 122 109 105 95 187 114
EPS in Rs 12.83 19.85 22.47 26.67 25.27 16.23 45.61 40.82 39.05 35.36 69.69 42.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 24%
TTM: 6%
Compounded Profit Growth
10 Years: 9%
5 Years: -2%
3 Years: 3%
TTM: -39%
Stock Price CAGR
10 Years: 18%
5 Years: 65%
3 Years: 47%
1 Year: -68%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 5%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 189 1,021 1,113 1,177 1,244 1,694 1,886 1,971 2,108 2,301 2,507 2,663
140 209 409 644 969 495 487 389 268 232 327 130
96 193 270 383 720 786 919 923 1,623 1,586 1,346 1,041
Total Liabilities 427 1,426 1,794 2,207 2,936 2,978 3,295 3,286 4,001 4,121 4,183 3,836
21 856 857 858 858 1,896 2,038 1,982 1,984 2,053 2,052 2,033
CWIP 0 84 386 730 1,316 331 334 339 342 344 349 349
Investments 1 1 1 1 1 1 1 1 1 9 10 2
405 485 550 618 761 751 922 964 1,674 1,715 1,772 1,453
Total Assets 427 1,426 1,794 2,207 2,936 2,978 3,295 3,286 4,001 4,121 4,183 3,836

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-13 -25 156 80 279 225 145 144 121 81 56 29
-5 -85 -303 -346 -587 -77 -71 -10 27 -3 -32 19
17 113 219 228 317 -133 -87 -130 -148 -76 -13 -27
Net Cash Flow -1 3 72 -38 9 15 -12 4 -0 1 11 21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 117 84 105 113 145 105 155 178 269 278 160 114
Inventory Days 1 6 0 8 3 25 0 0 15 8 4 4
Days Payable 29 46 27 31 58 84 103 70 197 156 15 66
Cash Conversion Cycle 89 44 78 90 90 46 52 108 88 130 150 53
Working Capital Days 90 69 90 95 83 17 39 82 70 100 132 47
ROCE % 13% 7% 5% 5% 4% 4% 7% 6% 5% 5% 8% 5%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
63.36% 56.79% 22.83% 63.37% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01%
9.70% 9.70% 9.70% 0.00% 9.70% 9.91% 9.73% 9.71% 9.71% 9.70% 9.70% 9.70%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.14%
26.94% 33.51% 67.47% 36.64% 35.30% 35.08% 35.25% 35.28% 35.28% 35.28% 35.15% 35.15%
No. of Shareholders 3,1223,0842,7462,8783,0153,0693,1423,2483,9484,6645,6666,420

* 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.

Click on the line-items to see the names of individual entities.

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