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INVESTMENT INSIGHTS

Check Before You Invest : Veritas (India) Ltd

BSE: 512229 NSE: ISIN: INE379J01029
  |   Sector:  Miscellaneous   |   Industry:  Trading

Snapshot

Q.1 Which industry/sub-sector does Veritas (India) Ltd belong to?
Veritas (India) Ltd belongs to the Miscellaneous sector, operating specifically within the Trading segment.
Q.2 Is Veritas (India) Ltd a good quality company?
Veritas (India) Ltd is a quality company, based on a 10 year financial track record.
Q.3 Is Veritas (India) Ltd undervalued or overvalued?
Veritas (India) Ltd appears Fair, as its key valuation ratios are in line with their past averages.
Q.4 Is Veritas (India) Ltd a good buy now?
Veritas (India) Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Veritas (India) Ltd?
Veritas (India) Ltd revenue growth is 31.7% for FY-2025 , which is above its 5 year CAGR of -9.9% , indicating faster growth.
Q.2 Gross Profit margin of Veritas (India) Ltd?
Veritas (India) Ltd Gross profit margin which is the profit after deduction of direct costs, is 1.5% for FY-2025 , which is below its 5 year median of 2.1% , indicating decreasing margins.
Q.3 Operating Profit Margin of Veritas (India) Ltd?
Veritas (India) Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 2.06% for FY-2025 , which is in line with its 5 year median of 2.06% indicating stable margins.
Q.4 Net Profit Margin of Veritas (India) Ltd?
Veritas (India) Ltd Net Profit Margin is 1.34% for FY-2025 , is below with its 5 year median of 1.6%, indicating decreasing margins.
Current Level Historic Median
Gross Profit Margin 1.5 2.1
Operating Profit Margin 2.06 2.06
Net Profit Margin 1.34 1.6
Q.5 Return on Asset of Veritas (India) Ltd?
Veritas (India) Ltd Return on Asset is 0.87(x), which is in line with its 5 year historical median of 0.87(x), indicating stable asset utilization efficiency.
Q.6 Return on Equity (ROE) of Veritas (India) Ltd?
Veritas (India) Ltd Return on equity is 2.23% for FY-2025 , which is in line with its historical median of 2.23%, indicating the business is making similar use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Veritas (India) Ltd?
Veritas (India) Ltd Return on capital employed is 2.85% for FY-2025 , which is below its estimated weighted average cost of capital(WACC) 14%, indicating value preservation.
Q.8 Cash conversion cycle of Veritas (India) Ltd?
Veritas (India) Ltd Cash conversion cycle is -11 , above its historical median of -11 , indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.65 0.64
ROE 2.23 2.23
ROCE 2.85 3.66
Cash Conversion Cycle -11 -11
Q.9 Debt to Equity ratio of Veritas (India) Ltd?
Veritas (India) Ltd Debt-to-Equity ratio is 0.07 , which is above with the industry average of 0.03 , indicating higher debt levels in the industry.
Q.10 Debt to cash flow from operations of Veritas (India) Ltd?
Veritas (India) Ltd Debt to cash flow from operations is -1.31 , which is at a unhealthy level, indicating the business is not able to service its debt comfortably.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Veritas (India) Ltd?
Promoters hold 55.01% of the Veritas (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Veritas (India) Ltd vs industry peers?
Veritas (India) Ltd revenue CAGR is -9.85% , compared to the industry median CAGR of 0% , indicating slower growth and losing its market share.
Profit Metrics
Current Level Industry Median
Revenue 323.1 13.3
Gross Profit 4.9 0.4
Operating Profit 5 0
Net Profit 4 0.3
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.65 0.5
ROE 2.23 2.03
ROCE 2.85 3.6
Cash Conversion Cycle -11.15 41

Valuation & price assessment

Q.1 Stock return of Veritas (India) Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 3% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price 3% 18.9% 4.5% -58.9%
Q.3 Valuation ratios of Veritas (India) Ltd vs historical?
The current P/E is higher that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 97.37 65.14 21.75
Price to Book 2.07 2.43 1.55
Price to Sales 14.13 1.18 1.87
EV to EBITDA 72.59 49.65 13.67

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