Veritas (India) Ltd

Veritas (India) Ltd (VERITAS) is a micro-cap Commercial Services company valued at ₹373 crore operating in Trading & Distributors on the NSE and BSE.

Recent price move

Veritas (India) Ltd last traded at ₹139.3, modestly up 1.98% on the day.

Recent developments

On 2026-09-30, foreign institutional holding increased by 0.15 percentage points to 9.85%, suggesting some foreign investors may be adding to their positions. The company's latest quarter ended on 2026-06-30, showing a net profit of ₹4 crore, which is a significant drop from the ₹24 crore reported in the same quarter a year earlier.

Financial performance

The company's business has declined significantly, with annual revenue falling 24.1% and annual net profit dropping 82.7%. However, the latest quarter saw revenue rise 53.0% compared to the same quarter a year earlier, while net profit fell 84.8%.

Valuation multiples

The stock trades at 1.8 times earnings, 0.16 times book value. It yields 0.0%.

Things to watch

The company's net profit margin has narrowed to 0.6% from 2.8% a year ago, indicating deteriorating profitability. Return on equity is 0.0%, and return on capital employed is 1.4%, both of which are very low. The stock is 48.2% below its 52-week high, reflecting a substantial decline in value.

Where it stands

Veritas India Ltd's business has faced a sharp decline in profitability, with net profit falling 82.7% annually and 84.8% in the latest quarter. The stock is 48.2% below its 52-week high, and the net profit margin has dropped to 0.6%. The company's return on equity is 0.0%, highlighting its poor performance.

Summarised by DocStoX's model on 2026-10-18 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.