Veritas (India) Limited imports, exports, trades in, and distributes chemicals, metals, and rubber products in India and internationally.
Adequate balance sheet and fair value.
Share Price & News
How has Veritas (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 512229 has not had significant price volatility in the past 3 months.
7 Day Return
IN Trade Distributors
1 Year Return
IN Trade Distributors
Return vs Industry: 512229 underperformed the Indian Trade Distributors industry which returned 53.3% over the past year.
Return vs Market: 512229 underperformed the Indian Market which returned 9.5% over the past year.
Price Volatility Vs. Market
How volatile is Veritas (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Veritas (India) undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 512229 (₹31.45) is trading above our estimate of fair value (₹0.4)
Significantly Below Fair Value: 512229 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 512229 is good value based on its PE Ratio (1.6x) compared to the Trade Distributors industry average (15.7x).
PE vs Market: 512229 is good value based on its PE Ratio (1.6x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 512229's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 512229 is good value based on its PB Ratio (0x) compared to the IN Trade Distributors industry average (0.7x).
How is Veritas (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Veritas (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Veritas (India) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Veritas (India) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Veritas (India) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 512229 has high quality earnings.
Growing Profit Margin: 512229's current net profit margins (2.5%) are lower than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: 512229's earnings have grown by 2.7% per year over the past 5 years.
Accelerating Growth: 512229's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 512229 had negative earnings growth (-7.2%) over the past year, making it difficult to compare to the Trade Distributors industry average (30.2%).
Return on Equity
High ROE: 512229's Return on Equity (3%) is considered low.
Return on Assets
Return on Capital Employed
How is Veritas (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: 512229's short term assets (₹8.7B) exceed its short term liabilities (₹6.9B).
Long Term Liabilities: 512229's short term assets (₹8.7B) exceed its long term liabilities (₹7.0B).
Debt to Equity History and Analysis
Debt Level: 512229's debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: 512229's debt to equity ratio has increased from 12.9% to 25.7% over the past 5 years.
Debt Coverage: 512229's debt is well covered by operating cash flow (59.3%).
Interest Coverage: 512229's interest payments on its debt are not well covered by EBIT (2x coverage).
Inventory Level: 512229 has a high level of physical assets or inventory.
Debt Coverage by Assets: 512229's debt is covered by short term assets (assets are 1.9x debt).
What is Veritas (India)'s current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 512229's dividend (0.16%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: 512229's dividend (0.16%) is low compared to the top 25% of dividend payers in the Indian market (2.59%).
Stability and Growth of Payments
Stable Dividend: 512229 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.
Growing Dividend: 512229 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 512229 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 512229's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Praveen Bhatnagar (60yo)
Mr. Praveen Bhatnagar has been Whole-time Director of Veritas (India) Ltd since June 12, 2018.
|Whole-time Director||1.7yrs||no data||no data|
|Non Executive Chairman||0yrs||no data||34.5% ₹290.9m|
|Additional Independent Director||2.8yrs||₹24.00k||no data|
|Independent Director||0.5yrs||no data||no data|
|Independent Director||0.5yrs||no data||no data|
Experienced Board: 512229's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Veritas (India) Limited's company bio, employee growth, exchange listings and data sources
- Name: Veritas (India) Limited
- Ticker: 512229
- Exchange: BSE
- Founded: 1985
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: ₹843.175m
- Shares outstanding: 26.81m
- Website: https://www.veritasindia.net
- Veritas (India) Limited
- Veritas House
- 3rd Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|512229||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Oct 2009|
Veritas (India) Limited imports, exports, trades in, and distributes chemicals, metals, and rubber products in India and internationally. It distributes petrochemicals, polymers, paper and paper boards, and heavy distillates. The company also develops software; manufactures ceramic products, etc.; and generates wind energy. In addition, it is involved in agricultural activities. The company was formerly known as Duroflex Engineering Limited and changed its name to Veritas (India) Limited in April 2009. Veritas (India) Limited was incorporated in 1985 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 13:19|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.