Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹78.25, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 37% over the past three years. Buy Or Sell Opportunity • Jul 22
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at ₹71.00. The fair value is estimated to be ₹58.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 37%. Board Change • Jul 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 24
Vera Synthetic Limited to Report Q3, 2026 Results on Mar 26, 2026 Vera Synthetic Limited announced that they will report Q3, 2026 results on Mar 26, 2026 Board Change • Mar 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 13
Vera Synthetic Limited to Report First Half, 2026 Results on Nov 13, 2025 Vera Synthetic Limited announced that they will report first half, 2026 results on Nov 13, 2025 Aankondiging • Sep 08
Vera Synthetic Limited, Annual General Meeting, Sep 30, 2025 Vera Synthetic Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Location: office no. ul-27, pattani, plaza complex devubaug, dairy road, bhavnagar - 364002, bhavnagar India Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Feb 09
Vera Synthetic Limited to Report Q3, 2025 Results on Feb 08, 2025 Vera Synthetic Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 08, 2025 New Risk • Nov 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (₹483.6m market cap, or US$5.75m). Minor Risk Revenue is less than US$5m (₹412m revenue, or US$4.9m). Aankondiging • Jul 23
Vera Synthetic Limited, Annual General Meeting, Aug 20, 2024 Vera Synthetic Limited, Annual General Meeting, Aug 20, 2024. Location: office no. ul-27, pattani, plaza complex devubaug, dairy road, bhavnagar - 364002, bhavnagar India Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹62.50, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 105% over the past three years. Board Change • Jun 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 5.9% per year over the past 5 years. Market cap is less than US$10m (₹231.9m market cap, or US$2.79m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (1.1% net profit margin). Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Sep 10
Vera Synthetic Limited, Annual General Meeting, Sep 30, 2023 Vera Synthetic Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Location: at Office No.UL-27 Pattani Plaza, Devubaug, Dairy Road, Bhavnagar, Gujarat-364002 Bhavnagar India Agenda: To receive, consider and adopt the Financial Statements including Audited Balance Sheet of the Company as at 31st March, 2023 and the Statement of Profit and Loss and Cash flow statement for the year ended on that date together with Directors' and the Auditors' Report thereon; To appoint a Director in place of Mrs. Meera Sunil Makwana, who retires by rotation and being eligible, offers herself for re-appointment; Reappointment of M/s. NIRAV PATEL & CO., Chartered Accountant, as Statutory Auditors of the Company. Board Change • Aug 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹73.55, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 13% over the past three years. Buying Opportunity • Jul 03
Now 22% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be ₹105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹94.45, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 44% over the past three years. Board Change • Jun 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹73.60, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 15x in the Luxury industry in India. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹75.35, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 21% over the past three years. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Director Bansari Shah was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹56.30, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 15x in the Luxury industry in India. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹44.20, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 15x in the Luxury industry in India. Total loss to shareholders of 67% over the past three years. Reported Earnings • May 20
Full year 2022 earnings released: EPS: ₹3.99 (vs ₹3.76 in FY 2021) Full year 2022 results: EPS: ₹3.99 (up from ₹3.76 in FY 2021). Revenue: ₹352.4m (up 25% from FY 2021). Net income: ₹19.7m (up 6.0% from FY 2021). Profit margin: 5.6% (down from 6.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Aankondiging • May 17
Vera Synthetic Limited to Report Second Half, 2022 Results on May 16, 2022 Vera Synthetic Limited announced that they will report second half, 2022 results on May 16, 2022 Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹33.05, the stock is trading at a trailing P/E ratio of 7.1x, down from the previous P/E ratio of 8.7x. This compares to an average P/E of 18x in the Luxury industry in India. Total return to shareholders over the past year is a loss of 71%. Aankondiging • Jul 30
Vera Synthetic Limited to Report Second Half, 2020 Results on Jul 24, 2020 Vera Synthetic Limited announced that they will report second half, 2020 results on Jul 24, 2020 
