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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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |||
| 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 ⓘ | 307 | 340 | 403 | 506 | 452 | 534 | 525 | 612 | 543 | 423 | 368 | ||
| YoY Gr. Rt. % | - | 10.6% | 18.6% | 25.6% | -10.7% | 18.2% | -1.7% | 16.5% | -11.3% | -22.1% | - | ||
| Adj EPS ⓘ | 2.2 | 2.8 | 2.4 | 1.7 | 2.8 | 3.1 | 2.3 | 2.1 | 4.7 | 2.3 | 2.4 | ||
| YoY Gr. Rt. % | - | 27.4% | -14.7% | -28.6% | 65.9% | 8.5% | -24.8% | -7.4% | 120.2% | -50.5% | - | ||
| BVPS (₹) ⓘ | 33.8 | 36.6 | 42.8 | 46.4 | 54.3 | 57.5 | 58.2 | 61.7 | 64.5 | 66.8 | 69.1 | ||
| Adj Net Profit ⓘ | 5.3 | 6.8 | 5.8 | 4.1 | 7.6 | 8.2 | 6.2 | 5.7 | 12.6 | 6.2 | 6 | ||
| Cash Flow from Ops. ⓘ | -20.1 | -14.3 | -27.5 | -9.8 | -6.1 | 7.8 | 72.4 | 63 | 130 | 21.7 | - | ||
| Debt/CF from Ops. ⓘ | -0.8 | -1.6 | -0.8 | -2 | -4.2 | 2.2 | 0.2 | 0 | 0 | 0 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ⓘ | 7.8 | 4.2 | 4.7 | 3.4 | ||||||||
| Share Price | 6.1% | -5.2% | 57.4% | -27.5% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | ||
| Return on Equity % ⓘ | 6.7 | 7.9 | 6 | 3.8 | 5.9 | 5.5 | 4 | 3.6 | 7.4 | 3.5 | 3.6 | |
| Op. Profit Mgn % ⓘ | 0.2 | 0.9 | 1.7 | 1 | 1.9 | 1.5 | 0.1 | 0.6 | 1.5 | -0.2 | 0.8 | |
| Net Profit Mgn % ⓘ | 1.7 | 2 | 1.4 | 0.8 | 1.7 | 1.5 | 1.2 | 0.9 | 2.3 | 1.5 | 1.8 | |
| Debt to Equity ⓘ | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 | - | |
| Working Cap Days ⓘ | 97 | 88 | 88 | 96 | 121 | 106 | 111 | 110 | 147 | 190 | 0 | |
| Cash Conv. Cycle ⓘ | 51 | 55 | 69 | 64 | 57 | 50 | 38 | 12 | -127 | -61 | 0 | |
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%
| 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 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.
