Veritas (India) Ltd Stock Analysis

BSE: 512229 | NSE: | Trading | Small Cap

BSE Share Price 23-Sep-2022 18:01
123.40 2.40 (1.98%)

DeciZen - Make an Informed Decision on Veritas (India)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Veritas (India) Price Chart

P/E Ratio (SA) :
51.13
Market Cap :
330.8 Cr.
52-wk low :
80.2
52-wk high :
176
Bole Toh?

1. Is Veritas (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veritas (India) Ltd is a below average quality company.

2. Is Veritas (India) Ltd undervalued or overvalued?

The key valuation ratios of Veritas (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Veritas (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veritas (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Veritas (India):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Veritas (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 7.1%7.9%6.1%4.1%6%5.7%4.7%4.7%7.6%3.6%-
Value Creation Index -0.5-0.4-0.6-0.7-0.6-0.6-0.7-0.7-0.5-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 307340403506452534525612543423368
YoY Gr. Rt. %-10.6%18.6%25.6%-10.7%18.2%-1.7%16.5%-11.3%-22.1%-
Adj EPS 2.22.82.41.72.83.12.32.14.72.32.4
YoY Gr. Rt. %-27.4%-14.7%-28.6%65.9%8.5%-24.8%-7.4%120.2%-50.5%-
BVPS (₹) 33.836.642.846.454.357.558.261.764.566.869.1
Adj Net Profit 5.36.85.84.17.68.26.25.712.66.26
Cash Flow from Ops. -20.1-14.3-27.5-9.8-6.17.872.46313021.7-
Debt/CF from Ops. -0.8-1.6-0.8-2-4.22.20.2000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.6%-1.3%-7%-22.1%
Adj EPS 0.6%-3.8%0.3%-50.5%
BVPS 7.84.24.73.4
Share Price 6.1% -5.2% 57.4% -27.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 6.77.963.85.95.543.67.43.53.6
Op. Profit Mgn % 0.20.91.711.91.50.10.61.5-0.20.8
Net Profit Mgn % 1.721.40.81.71.51.20.92.31.51.8
Debt to Equity 0.20.30.20.20.20.10.1000-
Working Cap Days 978888961211061111101471900
Cash Conv. Cycle 5155696457503812-127-610

Recent Performance Summary

Sales growth is good in last 4 quarters at 265.28%

Return on Equity has declined versus last 3 years average to 3.50%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.29%

Latest Financials - Veritas (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 32.8
TTM Sales (₹ Cr.) 368 2,190
BVPS (₹.) 69.1 793.8
Reserves (₹ Cr.) 183 2,125
P/BV 1.79 0.16
PE 51.13 3.76
From the Market
52 Week Low / High (₹) 80.15 / 176.00
All Time Low / High (₹) 10.00 / 825.62
Market Cap (₹ Cr.) 331
Equity (₹ Cr.) 2.7
Face Value (₹) 1
Industry PE 128.4

Management X-Ray of Veritas (India) :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Veritas (India)

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Veritas (India) Ltd

Veritas India, earlier known as Duroflex Engineering was engaged into the business of engineering goods. Duroflex Engineering changed its name to Veritas (India) in April 2009. The registered office of the company is situated at Mumbai, India.

Business of the company:

Veritas (India) engages in the imports, trading, and distribution of chemicals, metals, and machinery in India. It also involves in the generation of wind energy in the states of Maharashtra and Tamil Nadu with a generation capacity of approximately 1800 KW.

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