Veritas (India)

BSE: VERITAS · Trading & Distributors

52W Range₹132 ₹393

Snapshot

Unlock Veritas (India)'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Veritas (India) Ltd. is a trading and distribution company specialising in chemicals, petrochemicals, polymers, and metals. The firm also maintains diversified operations in software development and wind power generation.

Business Model

The company generates revenue primarily through the import, export, and domestic distribution of industrial commodities. It leverages global supply chains to facilitate trade while maintaining secondary income streams from its software and renewable energy segments.

  • Founded:1985
  • Headquarters:Mumbai, India

Growth Outlook

Growth is driven by the expansion of international trade volumes in chemicals and polymers. The company continues to monitor market demand across its diversified portfolio to optimise distribution efficiency.

Key Risks

  • Commodity Price Volatility. Fluctuations in global prices for chemicals and metals can significantly impact profit margins.
  • Foreign Exchange Risk. As an import-export entity, the company is exposed to currency volatility which affects the cost of goods and realisation values.
  • Supply Chain Disruption. Geopolitical tensions or logistical bottlenecks can hinder the timely distribution of industrial products.
  • Regulatory Risk. Changes in trade policies, tariffs, or environmental regulations regarding chemical handling may adversely affect operations.

Price

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Key Metrics

REVENUE

₹3,113 Cr

TTM · consolidated

-24.1%YoY

NET PROFIT

₹52 Cr

TTM · consolidated

-55.5%YoY

EPS

₹19.23

TTM · consolidated

-55.5%YoY

RETURN ON EQUITY

1.9%

TTM · consolidated

-2.6 ppYoY

RETURN ON CAPITAL EMPLOYED

2.7%

TTM · consolidated

-1.7 ppYoY

P/E

9.4x

Q4 FY26 · consolidated

9.4 vs 63.1x5Y avg

EV/EBITDA

7.4x

Q4 FY26 · consolidated

7.4 vs 40.9x5Y avg

EBITDA MARGIN

3.9%

TTM · consolidated

-0.9 ppYoY

NET PROFIT MARGIN

3.0%

Q4 FY26 · consolidated

+2.9 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.13xYoY

Peers · Trading & Distributors

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Veritas (India)VERITAS
3849.367.37-24.1%3.9%1.9%2.7%-52.8%
Filtron EngineerFILTRON
618369.393658.1268.0%-2.8%-2.7%
Oswal Agro MillsOSWALAGRO
543-24.4625.04-88.1%98.4%-2.3%1.4%-52.4%
Polo Queen Ind.PQIF
526116.0053.30-5.7%7.0%1.3%2.5%-86.0%
Kothari ProductsKOTHARIPRO
37613.2365.045.4%0.7%3.0%1.5%-20.7%
Balgopal Commer.BALGOPAL
34827.7929.98-99.1%77950.0%24.2%24.2%+8.1%

As of Q4 FY26

Financials