Veritas (India) Ltd
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.
- Market Cap ₹ 2,869 Cr.
- Current Price ₹ 1,070
- High / Low ₹ 1,070 / 133
- Stock P/E 15.0
- Book Value ₹ 889
- Dividend Yield 0.00 %
- ROCE 4.59 %
- ROE 4.30 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 5.19% over past five years.
- Tax rate seems low
- Company has a low return on equity of 5.00% over last 3 years.
- Dividend payout has been low at 0.13% of profits over last 3 years
- Company has high debtors of 278 days.
- Promoter holding has decreased over last 3 years: -10.2%
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
790 | 914 | 1,202 | 1,503 | 1,456 | 1,648 | 1,679 | 1,876 | 2,037 | 1,876 | 2,131 | 2,163 | 3,419 | |
774 | 888 | 1,166 | 1,446 | 1,388 | 1,567 | 1,601 | 1,765 | 1,899 | 1,714 | 1,975 | 2,021 | 3,224 | |
Operating Profit | 16 | 26 | 36 | 57 | 68 | 82 | 78 | 110 | 138 | 163 | 157 | 142 | 195 |
OPM % | 2% | 3% | 3% | 4% | 5% | 5% | 5% | 6% | 7% | 9% | 7% | 7% | 6% |
3 | 0 | 3 | 0 | -0 | 2 | 1 | 12 | 49 | 4 | 0 | 5 | 57 | |
Interest | 3 | 5 | 6 | 6 | 6 | 9 | 7 | 51 | 35 | 24 | 19 | 17 | 24 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 25 | 30 | 32 | 32 | 34 | 35 |
Profit before tax | 16 | 21 | 33 | 50 | 61 | 73 | 71 | 46 | 122 | 111 | 106 | 96 | 192 |
Tax % | 14% | 8% | 5% | 4% | 2% | 2% | 5% | 6% | 0% | 1% | 1% | 1% | |
14 | 19 | 31 | 48 | 60 | 71 | 68 | 44 | 122 | 109 | 105 | 95 | 192 | |
EPS in Rs | 5.58 | 7.96 | 12.83 | 19.85 | 22.47 | 26.67 | 25.27 | 16.23 | 45.61 | 40.82 | 39.05 | 35.36 | 71.48 |
Dividend Payout % | 0% | 1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 5% |
3 Years: | 2% |
TTM: | 70% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 7% |
3 Years: | -8% |
TTM: | 126% |
Stock Price CAGR | |
---|---|
10 Years: | 45% |
5 Years: | 82% |
3 Years: | 151% |
1 Year: | 663% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 123 | 147 | 189 | 1,021 | 1,113 | 1,177 | 1,244 | 1,694 | 1,886 | 1,971 | 2,108 | 2,301 | 2,381 |
39 | 117 | 140 | 209 | 409 | 644 | 969 | 495 | 487 | 389 | 268 | 232 | 36 | |
77 | 117 | 96 | 193 | 270 | 383 | 720 | 786 | 919 | 923 | 1,623 | 1,586 | 1,827 | |
Total Liabilities | 242 | 384 | 427 | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,248 |
8 | 8 | 21 | 856 | 857 | 858 | 858 | 1,896 | 2,038 | 1,982 | 1,984 | 2,053 | 2,047 | |
CWIP | 0 | 0 | 0 | 84 | 386 | 730 | 1,316 | 331 | 334 | 339 | 342 | 344 | 345 |
Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 10 |
234 | 375 | 405 | 485 | 550 | 618 | 761 | 751 | 922 | 964 | 1,674 | 1,715 | 1,846 | |
Total Assets | 242 | 384 | 427 | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,248 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-48 | -79 | -13 | -25 | 156 | 80 | 279 | 225 | 145 | 144 | 121 | 81 | |
27 | 4 | -5 | -85 | -303 | -346 | -587 | -77 | -71 | -10 | 27 | -3 | |
19 | 73 | 17 | 113 | 219 | 228 | 317 | -133 | -87 | -130 | -148 | -76 | |
Net Cash Flow | -2 | -2 | -1 | 3 | 72 | -38 | 9 | 15 | -12 | 4 | -0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 98 | 142 | 117 | 84 | 105 | 113 | 145 | 105 | 155 | 178 | 269 | 278 |
Inventory Days | 2 | 1 | 1 | 6 | 0 | 8 | 3 | 25 | 0 | 0 | 15 | 8 |
Days Payable | 36 | 47 | 29 | 46 | 27 | 31 | 58 | 84 | 103 | 70 | 197 | 156 |
Cash Conversion Cycle | 64 | 96 | 89 | 44 | 78 | 90 | 90 | 46 | 52 | 108 | 88 | 130 |
Working Capital Days | 66 | 98 | 90 | 69 | 90 | 95 | 83 | 17 | 39 | 82 | 70 | 100 |
ROCE % | 13% | 12% | 13% | 7% | 5% | 5% | 4% | 4% | 7% | 6% | 5% | 5% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
22 Mar - Mr. Pratik Hasabnis, Company Secretary and Compliance Officer(KMP) of the Company has tendered his resignation from the position of Company secretary and Compliance Officer vide …
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 21 Mar
- Shareholder Meeting / Postal Ballot-Outcome of EGM 21 Mar
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Award Of Order Receipt Of Order
18 Mar - Veritas (India) Limited in Consortium with Genesys International Corporation Limited has received Letter of Acceptance from BMC of Rs. 155.85 crore for Development, Implementation, Maintenance …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview[1]
VIL, Aspen, and Sanman are the group companies of Group Veritas (GV). The company primarily trades in Petrochemicals, Polymers, Paper & Paper Boards, Rubber, Heavy Distillates, Metals, Agri-Products, etc.