Veritas (India) Ltd - Stock Valuation and Financial Performance

BSE: 512229 | NSE: | Trading | Small Cap

Veritas (India) Ltd Share Price

747.15 14.65 2.00%
as on 26-Feb'24 16:01

DeciZen - make an informed investing decision on Veritas (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Veritas (India) stock performance -

mw4me loader
P/E Ratio (SA):
694.18
Market Cap:
1,963.8 Cr.
52-wk low:
132.9
52-wk high:
732.5

Is Veritas (India) Ltd an attractive stock to invest in?

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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.1%4.1%6%5.7%4.7%4.7%7.6%3.6%3.4%5%-
Value Creation
Index
-0.6-0.7-0.6-0.6-0.7-0.7-0.5-0.7-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 403506452534525612543423354228305
Sales YoY Gr.-25.6%-10.7%18.2%-1.7%16.5%-11.3%-22.1%-16.3%-35.6%-
Adj EPS 2.41.72.83.12.32.14.72.32.23.51.1
YoY Gr.--28.6%65.9%8.5%-24.8%-7.4%120.2%-50.5%-4.7%56.6%-
BVPS (₹) 42.846.454.357.558.261.764.566.86970.471.4
Adj Net
Profit
5.84.17.68.26.25.712.66.25.99.33
Cash Flow from Ops. -27.5-9.8-6.17.872.46313021.743.111.5-
Debt/CF from Ops. -0.8-2-4.22.20.200000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6.1%-15.4%-25.1%-35.6%
Adj EPS 4.3%8.5%-9.6%56.6%
BVPS5.7%3.9%3%2.1%
Share Price 39.9% 69.5% 146.5% 323.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
63.85.95.543.67.43.53.351.5
Op. Profit
Mgn %
1.711.91.50.10.61.5-0.212.51.2
Net Profit
Mgn %
1.40.81.71.51.20.92.31.51.74.10.9
Debt to
Equity
0.20.20.20.10.100000-
Working Cap
Days
889612110611111014719020222064
Cash Conv.
Cycle
696457503812-127-6112-1109

Recent Performance Summary

Sales growth is good in last 4 quarters at 62.47%

Return on Equity has declined versus last 3 years average to 1.50%

Sales growth has been subdued in last 3 years -25.11%

Net Profit has been subdued in last 3 years -9.64%

Latest Financials - Veritas (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 1.1 71.5
TTM Sales (₹ Cr.) 305 3,419
BVPS (₹.) 71.4 925
Reserves (₹ Cr.) 189 2,477
P/BV 10.26 0.79
PE 694.18 10.25
From the Market
52 Week Low / High (₹) 132.90 / 732.50
All Time Low / High (₹) 10.00 / 825.62
Market Cap (₹ Cr.) 1,964
Equity (₹ Cr.) 2.7
Face Value (₹) 1
Industry PE 81.5

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 (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Veritas (India) Ltd Stock News

Veritas (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Veritas (India) on 26-Feb-2024 16:01 is ₹747.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Feb-2024 16:01 the market cap of Veritas (India) stood at ₹1,963.8.
The latest P/E ratio of Veritas (India) as of 26-Feb-2024 16:01 is 694.2.
The latest P/B ratio of Veritas (India) as of 26-Feb-2024 16:01 is 10.26.
The 52-week high of Veritas (India) is ₹732.5 and the 52-week low is ₹132.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veritas (India) is ₹305.2 ( Cr.) .

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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