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Veritas (India) Ltd. Stock Analysis

Small Cap
Evaluated by 180 users | BSE: 512229 | NSE: |
Trading
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.71%3.62%7.08%7.93%6.13%4.09%6.03%5.7%4.67%4.73%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 112210307340403506452534525612
Y-o-Y Gr. Rt.-88%46.1%10.6%18.6%25.6%-10.7%18.2%-1.7%16.5%
Adjusted EPS (Rs.) 0.230.762.192.792.381.72.823.062.32.13
Y-o-Y Gr. Rt.-230.4%188.2%27.4%-14.7%-28.6%65.9%8.5%-24.8%-7.4%
Book Value per Share (Rs.) 30.8431.6433.8336.5742.7946.3654.3257.4558.1761.73
Adjusted Net Profit 0.61.85.36.85.84.17.68.26.25.7
Net Op. Cash Flow (Rs. Cr.) -49.11.9-20.1-14.3-27.5-9.8-6.17.872.463
Debt to Cash Flow from Ops -0.126.55-0.75-1.64-0.76-2.01-4.242.220.150
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Veritas (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 20.8%8.7%10.6%16.5%
Adjusted EPS 28.1%-2.2%-8.9%-7.4%
Book Value per Share 87.64.46.1
Share Price -19.1% -18.1% -39.5% 10.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 1.452.446.687.9463.85.875.483.983.56
Operating Profit Margin (%) 1.892.650.20.941.691.041.881.490.130.59
Net Profit Margin (%) 0.510.881.721.991.430.811.681.541.180.94
Debt to Equity 0.080.160.180.270.20.180.180.110.070
Working Capital Days 13813597888896121106111110
Cash Conversion Cycle 53645155696457503812
Entity Percentage Holding
Promoters 65.23%
Institutions 9.70%
Non-Institutions 25.08%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Veritas (India)'s performance infers:

Veritas (India) earnings have declined by -2.2%, whereas share price has depreciated -18.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Veritas (India) share prices over the last 10 years. Here is what we found out:

Veritas (India) share price has depreciated -20.7% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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