Arthneeti

Veritas (India) Share Price & Earnings Call Analysis

₹139.55-1.59% today
Market cap
₹374 Cr
ROE
0.71%
Price to sales
0.11
Debt to equity
0.15
52W high / low
₹284 / ₹135
Sales growth (5Y)
10.65%
EBITDA margin
2.03%
Net profit margin
0.63%
Promoter holding
55.01%
Sales (last year)
₹3,423 Cr

Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing & Warehousing.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

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  2. Strong growth
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See all potential multibaggersWhere does Veritas (India) rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹234 Cr3.0
240%+Flat₹3,888 Cr48.5
340%+Flat₹3,514 Cr4.3
440%+Flat₹180 Cr11.9
540%+Flat₹138 Cr15.1
620–40%Up 2%+₹1.70L Cr85.4

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Financials of Veritas (India)

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Veritas (India)

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +5726594959411,3241,0957569161,6427865871,006988
Expenses +5336184538841,2691,0446918671,592759551991963
Operating Profit39414257555164485026361625
OPM %7%6%8%6%4%5%9%5%3%3%6%2%3%
Other Income +10005601133-123-01
Interest6486611814136543
Depreciation99999169101010101011
Profit before tax252925429624483730-124112
Tax %1%0%0%1%1%1%-0%1%1%-9%-0%0%7%
Net Profit +252925429624483730-124111
EPS in Rs9.3310.849.3815.5235.739.0617.9313.6711.16-0.419.010.224.06

Financials of Veritas (India)

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +1,2021,5031,4561,6481,6791,8762,0371,8762,1312,1633,8554,0993,366
Expenses +1,1661,4461,3881,5671,6011,7651,8991,7141,9752,0213,6513,9103,264
Operating Profit3657688278110138163157142204189103
OPM %3%4%5%5%5%6%7%9%7%7%5%5%3%
Other Income +30-0211249405585-9
Interest666975135241917314118
Depreciation111112530323234433941
Profit before tax3350617371461221111069618811435
Tax %5%4%2%2%5%6%0%1%1%1%1%0%
Net Profit +3148607168441221091059518711435
EPS in Rs12.8319.8522.4726.6725.2716.2345.6140.8239.0535.3669.6942.3612.88
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Veritas (India)

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital2233333333333
Reserves1891,0211,1131,1771,2441,6941,8861,9712,1082,3012,5072,6632,751
Borrowings +140209409644969495487389268232327272254
Other Liabilities +961932703837207869199231,6231,5861,3468981,309
Total Liabilities4271,4261,7942,2072,9362,9783,2953,2864,0014,1214,1833,8364,317
Fixed Assets +218568578588581,8962,0381,9821,9842,0532,0522,0332,056
CWIP0843867301,316331334339342344349349349
Investments11111111191021
Other Assets +4054855506187617519229641,6741,7151,7721,4531,910
Total Assets4271,4261,7942,2072,9362,9783,2953,2864,0014,1214,1833,8364,317

Financials of Veritas (India)

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-13-2515680279225145144121815629
Cash from Investing Activity +-5-85-303-346-587-77-71-1027-3-3219
Cash from Financing Activity +17113219228317-133-87-130-148-76-13-27
Net Cash Flow-1372-38915-124-011121
Free Cash Flow-27-25-147-266-30914857134119842541
CFO/OP-31%-42%233%101%359%208%107%89%78%58%28%16%

Financials of Veritas (India)

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days11784105113145105155178269278157114
Inventory Days16083250015844
Days Payable294627315884103701971561566
Cash Conversion Cycle894478909046521088813014653
Working Capital Days49355261-261739827010012342
ROCE %13%7%5%5%4%4%7%6%5%5%8%5%

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