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VERITAS (INDIA) LTD.

Services › Commercial Services & Supplies
₹149.90
at close · 28 Oct 2026
▲ 2.90 (+1.97%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Board meeting set for September 2026 results · Results
  2. Routine compliance certificate for dematerialisation filed with BSE · Compliance
  3. Trading window closed from October 01, 2026 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates a distribution and trading business. Consolidated revenue in FY26 was Rs 3,112.63 crore, down from Rs 4,098.11 crore in FY25. The principal disclosed segment brought in Rs 3,046.08 crore of segment revenue with Rs 50.21 crore of EBIT for FY26, representing 100% of reported segment revenue. A small Warehousing operation also contributes revenue, and a Manufacturing segment currently records zero revenue while an integrated manufacturing complex is being built at Dighi Fort, Maharashtra through subsidiary Veritas Polychem Pvt Ltd. Consolidated EBITDA margin was 2.83% in FY26, indicating that the cost of goods traded absorbs the bulk of revenue. Net profit fell to Rs 19.70 crore in FY26 from Rs 113.56 crore in FY25, and operating cash flow was deeply negative at Rs 232.68 crore for the year. The Board has recommended a Rs 0.05 per share dividend for FY26.

Operating scale
Distribution & Development segment revenue
Rs 3,046.08 croreFY26
Distribution & Development segment EBIT
Rs 50.21 croreFY26
Consolidated EBITDA margin
2.83%FY26
Manufacturing project
Under construction at Dighi Fort, Maharashtra (subsidiary Veritas Polychem Pvt Ltd)
Dividend recommended
Rs 0.05 per share (5% on face value)FY26
Operating cash flow
Negative Rs 232.68 croreFY26
Who pays it
Customers of its distribution and trading operations (end-markets not specified in facts)
Biggest cost
Cost of traded goods (implied by EBITDA margin of 2.83%; materials line is reported at 0% of revenue)
Kind of business
Thin-margin trading and distribution with a warehousing side business and a manufacturing project under construction
Where it sits
BSE-listed entity (scrip code 512229) classified under Services / Commercial Services & Supplies / Trading & Distributors
Market Cap
₹402 Cr
P / E (TTM)
12.9×
EV / EBITDA
11.6×
Div Yield
0.03%
Growth
10.7%▲
Revenue 5y CAGR
PAT -29.0% · EBITDA -12.0%
Quality
4.7%·
ROCE (5y median)
ROE 4.3% (5y median) · margin 2.8%
Leverage
0.15·
Debt / Equity · low
Net debt ₹413 Cr
Revenue FY21→FY26
1.7×▲
Margin −5.2 pts
₹1,876 Cr → ₹3,113 Cr
Cash conversion
0.10×▼
Operating cash ÷ profit · 5 yrs
₹53 Cr on ₹520 Cr
Moves on a normal day
1.72%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 188 Trading & Distributors peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#62/130
P/B#9/150
ROCE#114/177
ROE#101/158
Debt / Equity#91/154
EBITDA margin#89/137
Revenue growth#30/135
Profit growth#115/157

Scorecard

Measured from the filed financials, judged against its Trading & Distributors peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Profit shrinking over 5 years (−29% a year)
Erratic profits — up in only 1 of the last 5 years
Returns on capital 4.7% (5-year median)
#114 of 177 in Trading & Distributors on the latest reported figures · down from 4.8% in FY21
Over 5 years it reported ₹520 Cr of profit and ₹53 Cr of operating cash — 0.10×
Less than 60p of every ₹1 of profit arrived as cash
Customers are taking longer to pay — 178 → 246 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from VERITAS (INDIA) LTD.'s filed financials and exchange disclosures

What does VERITAS (INDIA) LTD. do?

VERITAS (INDIA) LTD. is a Commercial Services & Supplies company listed on BSE.

Is VERITAS (INDIA) LTD. profitable?

No. Over the trailing twelve months VERITAS (INDIA) LTD. reported a net loss of ₹0.79 Cr on revenue of ₹3,423 Cr.

Does VERITAS (INDIA) LTD. pay a dividend?

Yes. The dividend yield is 0.03% at the current price. It paid out 1% of its profit as dividend in FY26.

Is VERITAS (INDIA) LTD. debt-free?

No. It reported borrowings of ₹430 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹413 Cr after cash. Debt stands at 0.15× equity. That is higher than 59% of its 154 Trading & Distributors peers.

Is VERITAS (INDIA) LTD. expensive compared with its peers?

On trailing P/E, VERITAS (INDIA) LTD. ranks 62 of 130 in Trading & Distributors — cheaper than 53% of them, against an industry median of 13.9×. This is a position, not a valuation judgement.

How much does the VERITAS (INDIA) LTD. share price move in a day?

On a typical session VERITAS (INDIA) LTD. moves 1.72% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are VERITAS (INDIA) LTD.'s next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track VERITAS (INDIA) LTD.'s announcements?

Every NSE and BSE filing by VERITAS (INDIA) LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.