512229 VERITAS

Veritas (India) Share PriceVeritas (India)

₹407.05
7.95 (1.99%)
As on 09 December, 2023 | 06:33 BSE: 512229 NSE: VERITASISIN: INE379J01029

Veritas (India) Performance

Day Range

  • Low
  • High
₹ 407.05

52 Week Range

  • Low
  • High
₹ 407.05
  • Open Price
  • Previous Close
  • Volume

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Veritas (India) Share Price

  • Over 1 Month 51.32%
  • Over 3 Month 77.17%
  • Over 6 Month 132.8%
  • Over 1 Year 154.72%

Veritas (India) Key Statistics

Veritas (India) Investment Rating

  • Master Rating:
  • Veritas India has an operating revenue of Rs. 2,667.20 Cr. on a trailing 12-month basis. An annual revenue growth of 2% is not great, Pre-tax margin of 4% needs improvement, ROE of 4% is fair but needs improvement. The company has a reasonable debt to equity of 2%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 44% and 89% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 51% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 93 which is GREAT indicating the outperformance as compared to other stocks, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 31 indicates it belongs to a strong industry group of Elec-Misc Products and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has great fundamentals and technical strength to stay in momentum.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Veritas (India) Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 926175577916265
Operating Expenses Qtr Cr 925876577720262
Operating Profit Qtr Cr 03-102-33
Depreciation Qtr Cr 0200000
Interest Qtr Cr 0000000
Tax Qtr Cr 0000000
Net Profit Qtr Cr 1102201
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 235356
Operating Expenses Annual Cr 230349
Operating Profit Annual in Cr -25
Depreciation Cr 00
Interest Annual Cr 00
Tax Annual Cr 11
Net Profit Annual Cr 46
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1143
Cash from Investing Activity Annual Cr -11-43
Cash from Financing Annual Activity Cr 00
Net Cash Flow Annual Cr 00
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 189185
Fixed Assets Annual Cr 33
Total Non Current Assets Annual Cr 390378
Total Current Assets Annual Cr 105171
Total Assets Annual Cr 495549
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 7069
ROE Annual % 23
ROCE Annual % 12
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 22
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 941495659572540392512
Operating Expenses Qtr Cr 884453618533503366476
Operating Profit Qtr Cr 57424139372636
Depreciation Qtr Cr 9999988
Interest Qtr Cr 6846446
Tax Qtr Cr 0000000
Net Profit Qtr Cr 42252925241719
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 2,1682,132
Operating Expenses Annual Cr 2,0211,975
Operating Profit Annual in Cr 142157
Depreciation Cr 3432
Interest Annual Cr 1719
Tax Annual Cr 11
Net Profit Annual Cr 95105
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 81121
Cash from Investing Activity Annual Cr -327
Cash from Financing Annual Activity Cr -76-148
Net Cash Flow Annual Cr 10
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 2,3042,111
Fixed Assets Annual Cr 2,3962,326
Total Non Current Assets Annual Cr 2,4062,328
Total Current Assets Annual Cr 1,7151,673
Total Assets Annual Cr 4,1214,001
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 859787
ROE Annual % 45
ROCE Annual % 45
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 77

Veritas (India) Technicals

EMA & SMA

Current Price
₹407.05
7.95 (1.99%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹345.65
  • 50 Day
  • ₹299.31
  • 100 Day
  • ₹264.80
  • 200 Day
  • ₹230.15
  • 20 Day
  • ₹339.66
  • 50 Day
  • ₹279.65
  • 100 Day
  • ₹257.68
  • 200 Day
  • ₹211.25

Veritas (India) Resistance and Support

PIVOT
₹407.05
Resistance
First Resistance 407.05
Second Resistance 407.05
Third Resistance 407.05
RSI 96.81
MFI 100.00
MACD Single Line 30.23
MACD 35.18
Support
First Resistance 407.05
Second Resistance 407.05
Third Resistance 407.05

Veritas (India) Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,036 103,600 100
Week 11,555 1,155,460 100
1 Month 17,938 1,793,781 100
6 Month 13,555 1,355,544 100

Veritas (India) Result Highlights

Veritas (India) Synopsis

BSE-Elec-Misc Products

Veritas (India) Ltd. is involved in the business activities of Wholesale trade, except of motor vehiclesan d motorcycles. Company’s Total Operating Revenue is Rs. 227.93 Cr. and Equity Capital is Rs. 2.68 Cr. for the Year ended 31/03/2023. Veritas (India) Ltd. is a Public Limited Listed company incorporated on 21/03/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L23209MH1985PLC035702 and registration number is 035702.
Market Cap 1,091
Sales 286
Shares in Float 1.21
No of funds 2
Yield 0.01
Book Value 5.78
U/D Vol ratio 4.8
LTDebt / Equity
Alpha 0.39
Beta 0.6

Veritas (India)

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 55.01%55.01%63.37%22.83%
Foreign Portfolio Investors 9.91%9.7%9.7%
Individual Investors 12.69%12.62%6.52%6.63%
Others 22.39%22.67%30.11%60.84%

Veritas (India) Management

Name Designation
Mr. Nitin Kumar Didwania Chairman & Non-Exe.Director
Ms. Purvi Matani Independent Director
Mr. Praveen Bhatnagar Whole Time Director
Ms. Kamala Aithal Independent Director
Mr. Vijay Shah Independent Director
Mr. Kunal Sharma Non Executive Director
Mr. Rohinton Eruch Shroff Ind. Non-Executive Director
Mr. Nikhil Vasantlal Merchant Managing Director
Mr. Vivek Paresh Merchant Non Exe.Non Ind.Director

Veritas (India) Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Veritas (India) Corporate Action

Date Purpose Remarks
2023-11-06 Quarterly Results
2023-08-09 Quarterly Results
2023-05-18 Audited Results & Final Dividend
2023-02-07 Quarterly Results
2022-11-14 Quarterly Results
Date Purpose Remarks
2021-09-23 FINAL Rs.0.05 per share(5%)Final Dividend

Veritas (India) FAQs

What is Share Price of Veritas (India) ?

Veritas (India) share price is ₹407 As on 09 December, 2023 | 06:19

What is the Market Cap of Veritas (India) ?

The Market Cap of Veritas (India) is ₹1091.3 Cr As on 09 December, 2023 | 06:19

What is the P/E ratio of Veritas (India) ?

The P/E ratio of Veritas (India) is 9 As on 09 December, 2023 | 06:19

What is the PB ratio of Veritas (India) ?

The PB ratio of Veritas (India) is 0.5 As on 09 December, 2023 | 06:19

Q2FY23