Veritas (India) Ltd.
BSE: VERITAS · Trading - Chemicals · sector
₹144.95BSE close 2026-10-26
Key numbers
Market cap₹389 cr
Price₹144.95
52w high / low₹314 / ₹132
P/E12.5xSector median 20.4x
P/B0.1xSector median 0.8x
Book value₹1,068.3
Dividend yield0.03%Sector median 0.57%
ROE-0.0%Sector median 5.6%
ROCE0.8%Sector median 8.7%
OPM2.0%Sector median 2.0%
Debt / equity0.15xSector median 0.15x
EV/EBITDA11.3xSector median 12.1x
Interest cover1.0x
Current ratio1.45x
Sales growth 3y+139.0%Sector median +17.1%
Profit growth 3y+70.6%Sector median -7.2%
PEG0.18x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Trading - Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹28 cr vs borrowings ₹430 cr (FY26): borrowings are higher by ₹402 cr.
- Operating profit covered interest 1.0x in the last 12 months.
- Net loss in 2 of the last 6 quarters.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹144.95 on 2026-10-26: -53.8% from the 52-week high, +9.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,121.05 · low ₹136.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 786 | 587 | 1,006 | 988 | 532 | 898 |
| EBITDA | 26 | 36 | 16 | 25 | 9 | 20 |
| OPM % | 3.4% | 6.1% | 1.6% | 2.5% | 1.7% | 2.2% |
| Other income | -12 | 3 | -0 | 1 | -0 | 1 |
| Net profit | -1 | 24 | 1 | 11 | -16 | 4 |
| EPS (₹) | 0.41 | 9.01 | 0.22 | 4.06 | 5.94 | 1.36 |
| Revenue YoY | -32.3% | +53.0% | ||||
| Profit YoY | – | -84.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 354 | 228 | 245 | 4,099 | 3,113 | 3,423 |
| EBITDA | 5 | -2 | 5 | 189 | 85 | 70 |
| Net profit | 6 | 4 | 4 | 114 | 20 | -1 |
| EPS (₹) | 2.31 | 1.48 | 1.41 | 42.36 | 7.35 | 11.58 |
| Revenue growth | -35.6% | +7.6% | +1,570.8% | -24.1% | – | |
| Profit growth | -36.0% | -5.0% | +2,912.2% | -82.7% | – | |
| Dividend / share (₹) | – | 0.05 | 0.05 | 0.05 | 0.05 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +139.0% | – | – |
| Net profit | +70.6% | – | – |
| EPS | +70.6% | – | – |
| Share price | – | -62.5% (2y) | -53.1% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 2,665 | 2,864 |
| Borrowings | 50 | 430 |
| Cash & equivalents | 51 | 28 |
| Total assets | 3,836 | 4,716 |
| Fixed assets | 2,033 | 2,043 |
| Capital work in progress | 349 | 349 |
| Investments | 2 | 1 |
| Receivables | 1,285 | 2,096 |
| Inventory | 42 | 42 |
| Payables | 693 | 1,148 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 29 | -233 |
| Cash from investing | 19 | -1 |
| Cash from financing | -27 | 210 |
| Capex | 4 | 0 |
| Free cash flow | 25 | -233 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 4.3% | 0.7% |
| ROCE % | 5.7% | 1.4% |
| Debtor days | 114 | 246 |
| Inventory days | 4 | 5 |
| Payable days | 66 | 141 |
| Cash conversion cycle (days) | 52 | 110 |
| Working capital days | 46 | 81 |
Peers in Trading - Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UNIENTER | ₹604 cr | 29.9x | 0.2x | 0.8% | 0.8% | -15.6% | +179.1% | 0.57% |
| VINYLINDIA | ₹440 cr | 23.6x | 3.4x | 14.5% | 19.2% | 2.0% | -13.6% | 2.92% |
| VERITAS | ₹389 cr | 12.5x | 0.1x | -0.0% | 0.8% | 2.0% | +139.0% | 0.03% |
| EVEXIA | ₹325 cr | – | 0.8x | 0.4% | 0.5% | 1.7% | +17.1% | – |
| BHAVIK | ₹303 cr | 22.4x | 2.1x | 9.3% | 12.9% | 2.7% | – | – |
| SRD | ₹247 cr | 13.4x | 2.0x | 15.9% | 17.4% | 5.4% | – | 0.13% |
| A1L | ₹225 cr | 20.4x | 4.2x | 16.5% | 14.3% | 3.6% | +1.2% | 0.76% |
| SHIVTEXCHEM | ₹154 cr | 2.0x | 0.4x | 22.3% | 36.6% | 4.9% | – | – |
| YASHCHEM | ₹51 cr | 21.2x | 1.2x | 5.6% | 8.7% | 0.2% | +38.3% | – |
| AUREATE | ₹45 cr | 8.6x | 5.0x | 57.7% | 108.9% | 6.0% | – | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Distribution & Development | ₹878 cr | 97.8% | ₹11 cr | 1.3% |
| Warehousing | ₹20 cr | 2.2% | ₹-2 cr | -8.1% |
| Manufacturing | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-28 | Dividend | Final Dividend Rs 0.05 |
| 2025-09-19 | Dividend | Final Dividend Rs 0.05 |
| 2024-09-17 | Dividend | Final Dividend Rs 0.05 |
| 2023-09-15 | Dividend | Final Dividend Rs 0.05 |
| 2022-09-22 | Dividend | Final Dividend Rs 0.05 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Trading - Chemicals |
| Sub-industry | Trading - Chemicals |
| Symbol | VERITAS |
| BSE code | 512229 |
| ISIN | INE379J01029 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.