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    • Veritas (India) Share Price

    Small Cap
    ₹1,018.5
    -20.75 (-2%)
    10 September, 2024 18:45 BSE: 512229 NSE: VERITAS ISIN: INE379J01029

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    Veritas (India) Performance

    Day Range

    • Low 0
    • High 0
    ₹ 1,018

    52 Week Range

    • Low 0
    • High 0
    ₹ 1,018
    • Open Price0
    • Previous Close0
    • Volume

    Veritas (India) Chart

    • Over 1 Month + 14.75%
    • Over 3 Month -17.23%
    • Over 6 Month + 14.1%
    • Over 1 Year + 343.31%

    Veritas (India) Key Statistics

    Veritas (India) Investment Rating

    • Master Rating:

    • Veritas India has an operating revenue of Rs. 4,114.83 Cr. on a trailing 12-month basis. An annual revenue growth of 80% is outstanding, Pre-tax margin of 5% is okay, ROE of 7% is fair but needs improvement. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 14% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 77 which is a FAIR score but needs to improve its earnings, a RS Rating of 90 which is GREAT indicating the outperformance as compared to other stocks, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 23 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 remained stable in the last reported quarter. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Veritas (India) Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 621577926175
    Operating Expenses Qtr Cr 611476925876
    Operating Profit Qtr Cr 11103-1
    Depreciation Qtr Cr 000020
    Interest Qtr Cr 000000
    Tax Qtr Cr 001000
    Net Profit Qtr Cr 111110
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 248235
    Operating Expenses Annual Cr 240230
    Operating Profit Annual in Cr 5-2
    Depreciation Cr 00
    Interest Annual Cr 20
    Tax Annual Cr 11
    Net Profit Annual Cr 44
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr -1011
    Cash from Investing Activity Annual Cr 1-11
    Cash from Financing Annual Activity Cr 90
    Net Cash Flow Annual Cr 00
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 192189
    Fixed Assets Annual Cr 23
    Total Non Current Assets Annual Cr 424390
    Total Current Assets Annual Cr 79105
    Total Assets Annual Cr 503495
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 7270
    ROE Annual % 22
    ROCE Annual % 21
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 32
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 7561,0951,324941495659
    Operating Expenses Qtr Cr 6911,0441,269884453618
    Operating Profit Qtr Cr 645155574241
    Depreciation Qtr Cr 9169999
    Interest Qtr Cr 8116684
    Tax Qtr Cr 001000
    Net Profit Qtr Cr 482496422529
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 3,9112,168
    Operating Expenses Annual Cr 3,6502,021
    Operating Profit Annual in Cr 205142
    Depreciation Cr 4334
    Interest Annual Cr 3117
    Tax Annual Cr 11
    Net Profit Annual Cr 18795
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 5681
    Cash from Investing Activity Annual Cr -32-3
    Cash from Financing Annual Activity Cr -13-76
    Net Cash Flow Annual Cr 111
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 2,5102,304
    Fixed Assets Annual Cr 2,4012,396
    Total Non Current Assets Annual Cr 2,4452,406
    Total Current Assets Annual Cr 1,7381,715
    Total Assets Annual Cr 4,1834,121
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 936859
    ROE Annual % 74
    ROCE Annual % 64
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 77
    Invest in Veritas (India)

    Veritas (India) Technicals

    EMA & SMA

    Current Price
    ₹1,018.5
    -20.75 (-2%)
    pointer
    • Bullish Moving Average
    • ___
    • 4
    • Bearish Moving Average
    • ___
    • 12
    • 20 Day
    • ₹1,031.08
    • 50 Day
    • ₹1,054.32
    • 100 Day
    • ₹1,059.35
    • 200 Day
    • ₹929.24
    • 20 Day
    • ₹1,003.60
    • 50 Day
    • ₹1,044.72
    • 100 Day
    • ₹1,194.42
    • 200 Day
    • ₹936.13

    Veritas (India) Resistance and Support

    PIVOT
    ₹1,018.5
    Resistance
    First Resistance 1,018.50
    Second Resistance 1,018.50
    Third Resistance 1,018.50
    RSI 47.80
    MFI 59.74
    MACD Single Line 8.06
    MACD 15.04
    Support
    First Support 1,018.50
    Second Support 1,018.50
    Third Supoort 1,018.50

    Veritas (India) Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 2,560 256,000 100
    Week 18,689 1,868,900 100
    1 Month 13,538 1,353,781 100
    6 Month 10,956 1,095,617 100

    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 2,786
    Sales 246
    Shares in Float 1.21
    No of funds 2
    Yield
    Book Value 14.48
    U/D Vol ratio 1.3
    LTDebt / Equity
    Alpha 0.59
    Beta 0.37

    Veritas (India) Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 55.01%55.01%55.01%55.01%
    Foreign Portfolio Investors 9.71%9.71%9.73%9.91%
    Individual Investors 13.14%12.93%13.01%12.69%
    Others 22.14%22.35%22.25%22.39%

    Veritas (India) Management

    Name Designation
    Mr. Nikhil Vasantlal Merchant Chairman & Managing Director
    Mr. Kunal Sharma Non Executive Director
    Mr. Vivek Paresh Merchant Addnl.Non Executive Director
    Ms. Purvi Matani Independent Director
    Mr. Rohinton Eruch Shroff Independent Director
    Mr. Vijay Shah Independent 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
    2024-08-13 Quarterly Results
    2024-05-29 Audited Results & Final Dividend
    2024-01-30 Quarterly Results
    2023-11-06 Quarterly Results
    2023-08-09 Quarterly Results
    Date Purpose Remarks
    2024-09-17 FINAL Rs.0.05 per share(5%)Final Dividend
    2021-09-23 FINAL Rs.0.05 per share(5%)Final Dividend

    Veritas (India) MF Shareholding

    Name Amount(cr)

    Veritas (India) FAQs

    What is Share Price of Veritas (India) ?

    Veritas (India) share price is ₹1,018 As on 10 September, 2024 | 18:31

    What is the Market Cap of Veritas (India) ?

    The Market Cap of Veritas (India) is ₹2730.6 Cr As on 10 September, 2024 | 18:31

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

    The P/E ratio of Veritas (India) is 13 As on 10 September, 2024 | 18:31

    What is the PB ratio of Veritas (India) ?

    The PB ratio of Veritas (India) is 1.1 As on 10 September, 2024 | 18:31

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