Veritas (India) Ltd

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

Veritas (India) Ltd

₹ 162 1.98%
12 Jun - 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 ₹ 435 Cr.
  • Current Price ₹ 162
  • High / Low ₹ 404 / 132
  • Stock P/E 22.1
  • Book Value ₹ 1,068
  • Dividend Yield 0.03 %
  • ROCE 1.48 %
  • ROE 0.71 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.15 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.13% over last 3 years.
  • Contingent liabilities of Rs.570 Cr.
  • Dividend payout has been low at 0.29% of profits over last 3 years
  • Company has high debtors of 246 days.
  • Promoter holding has decreased over last 3 years: -8.36%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
659 495 941 1,324 1,095 756 916 1,642 785 587 1,006 988 532
618 453 884 1,269 1,044 691 867 1,592 760 551 991 963 523
Operating Profit 41 42 57 55 51 64 48 50 25 36 16 25 9
OPM % 6% 8% 6% 4% 5% 9% 5% 3% 3% 6% 2% 3% 2%
0 0 0 56 0 1 13 3 -11 3 -0 1 -0
Interest 4 8 6 6 11 8 14 13 5 5 4 3 15
Depreciation 9 9 9 9 16 9 10 10 10 10 10 11 11
Profit before tax 29 25 42 96 24 48 37 30 -1 24 1 12 -17
Tax % 0% 0% 1% 1% 1% -0% 1% 1% -9% -0% 0% 7% -5%
29 25 42 96 24 48 37 30 -1 24 1 11 -16
EPS in Rs 10.84 9.38 15.52 35.73 9.06 17.93 13.67 11.16 -0.41 9.01 0.22 4.06 -5.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,503 1,456 1,648 1,679 1,876 2,037 1,876 2,131 2,163 3,855 4,099 3,113
1,446 1,388 1,567 1,601 1,765 1,899 1,714 1,975 2,021 3,651 3,910 3,027
Operating Profit 57 68 82 78 110 138 163 157 142 204 189 85
OPM % 4% 5% 5% 5% 6% 7% 9% 7% 7% 5% 5% 3%
0 -0 2 1 12 49 4 0 5 58 5 3
Interest 6 6 9 7 51 35 24 19 17 31 41 27
Depreciation 1 1 1 1 25 30 32 32 34 43 39 41
Profit before tax 50 61 73 71 46 122 111 106 96 188 114 20
Tax % 4% 2% 2% 5% 6% 0% 1% 1% 1% 1% 0% -0%
48 60 71 68 44 122 109 105 95 187 114 20
EPS in Rs 19.85 22.47 26.67 25.27 16.23 45.61 40.82 39.05 35.36 69.69 42.36 7.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 13%
TTM: -24%
Compounded Profit Growth
10 Years: -11%
5 Years: -29%
3 Years: -41%
TTM: -83%
Stock Price CAGR
10 Years: 5%
5 Years: 11%
3 Years: -3%
1 Year: -56%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 4%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 2 3 3 3 3 3 3 3 3 3 3 3
Reserves 1,021 1,113 1,177 1,244 1,694 1,886 1,971 2,108 2,301 2,507 2,663 2,862
209 409 644 969 495 487 389 268 232 327 272 505
193 270 383 720 786 919 923 1,623 1,586 1,346 898 1,346
Total Liabilities 1,426 1,794 2,207 2,936 2,978 3,295 3,286 4,001 4,121 4,183 3,836 4,716
856 857 858 858 1,896 2,038 1,982 1,984 2,053 2,052 2,033 2,114
CWIP 84 386 730 1,316 331 334 339 342 344 349 349 349
Investments 1 1 1 1 1 1 1 1 9 10 2 1
485 550 618 761 751 922 964 1,674 1,715 1,772 1,453 2,251
Total Assets 1,426 1,794 2,207 2,936 2,978 3,295 3,286 4,001 4,121 4,183 3,836 4,716

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-25 156 80 279 225 145 144 121 81 56 29 -233
-85 -303 -346 -587 -77 -71 -10 27 -3 -32 19 -1
113 219 228 317 -133 -87 -130 -148 -76 -13 -27 210
Net Cash Flow 3 72 -38 9 15 -12 4 -0 1 11 21 -23
Free Cash Flow -25 -147 -266 -309 148 57 134 119 84 25 41 -233
CFO/OP -42% 233% 101% 359% 208% 107% 89% 78% 58% 28% 16% -271%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 84 105 113 145 105 155 178 269 278 157 114 246
Inventory Days 6 0 8 3 25 0 0 15 8 4 4 5
Days Payable 46 27 31 58 84 103 70 197 156 15 66 141
Cash Conversion Cycle 44 78 90 90 46 52 108 88 130 146 53 110
Working Capital Days 35 52 61 -26 17 39 82 70 100 123 42 77
ROCE % 7% 5% 5% 4% 4% 7% 6% 5% 5% 8% 5% 1%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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Number of Vessels
Units
Storage Capacity
KL
Trading Volume
Million MT
Permanent Employee Count
Units ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01% 55.01%
9.70% 9.91% 9.73% 9.71% 9.71% 9.70% 9.70% 9.70% 9.70% 9.70% 9.70% 9.70%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.14% 0.14% 0.14% 0.12% 0.00%
35.30% 35.08% 35.25% 35.28% 35.28% 35.28% 35.15% 35.15% 35.15% 35.15% 35.17% 35.29%
No. of Shareholders 3,0153,0693,1423,2483,9484,6645,6666,4206,8296,5636,7246,683

* 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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