DocStoX is a free AI-powered research platform for Indian equity markets, covering 6,800+ NSE & BSE stocks with prices, fundamentals, 326 financial ratios, shareholding, FII/DII flows, F&O, IPOs, a visual screener and AI stock scoring.

Yes. DocStoX has a free tier covering stock research, the screener, FII/DII data and educational guides, plus a free MCP API tier (50 tool calls/day) for AI assistants. A Pro plan adds higher limits and advanced features.

What data does DocStoX cover?

Every NSE & BSE listed stock (6,800+ instruments): EOD and intraday prices, income statement / balance sheet / cash flow, 326 ratios, quarterly shareholding, promoter pledge, mutual-fund holdings, FII/DII flows, F&O and option-chain data, analyst forecasts, IPOs, corporate actions and news.

Can AI assistants like ChatGPT or Claude use DocStoX data?

Yes. DocStoX runs a public Model Context Protocol (MCP) server at https://mcp.docstox.com/mcp with 39 tools, so Claude, ChatGPT, Cursor and other MCP clients can pull Indian market data directly. Setup and a free key are at https://docstox.com/mcp.

What is the PE ratio of Veritas (India) Ltd?

Veritas (India) Ltd has a price-to-earnings (PE) ratio of 24.3 in the Commercial Services sector.

What is the market capitalisation of Veritas (India) Ltd?

Veritas (India) Ltd has a market capitalisation of approximately ₹488 crore.

Veritas (India) Ltd

VERITASINDIALTD·NSE·Commercial Services

₹0.00▲ +0.00 (+0.00%)

⚠️Trading suspended. Not a live price.

Commercial Services · Trading & Distributors

A steady, established business

52W₹132

₹400-49%

Open

—

High

—

Low

—

Prev Close

—

Volume

—

VWAP

—

Snapshot

Key fundamentals

Market Cap

₹488 Cr

P/E Ratio

24.30Fair

P/B Ratio

0.17

EPS

₹7.35

Book Value

₹1068.00

ROE

0.71%Weak

ROCE

1.00%Weak

Dividend Yield

0.03%

Debt / Equity

0.18Low

Face Value

₹1.00

52W High

₹399.70

52W Low

₹132.20

Sector

Commercial Services

Industry

Trading & Distributors

Fairly Valued

None moatVery High uncertainty

Fair value estimate

₹758

No recent traded price

BearFair valueBull

₹420₹758₹908

/100

Business quality — Watch the fundamentals

Growth 50Profitability 0Efficiency 0Valuation 78

Plain English

Our view

A steady, established business
Low debt relative to equity
Weak returns on equity (1%)

Strengths

Low debt relative to equity
Promoters hold a controlling stake

Risks

Weak returns on equity (1%)

How we got there

Fair value methods

Residual income

1% ROE fading to 13% over ~3 yrs, on ₹1068 book

₹908

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

Conservative floor: √(22.5 × EPS × book value/share)

₹420

Analyst target

No analyst coverage

—

Blended fair value₹758

What the numbers say

Investment thesis

Bull case

Low debt relative to equity
Promoters hold a controlling stake

Bear case

Weak returns on equity (1%)

Free — see our deterministic Fair Value range, business quality score, and the full bull/bear case for this stock.

Snapshot

Key statistics

P/E

24.3Fair

Below 15× is value territory; above 35× prices in strong growth

ROE

0.7%Weak

Above 15% is considered healthy for Indian equities

ROCE

1.0%Weak

Above 18% means capital is working hard

Debt/Eq

0.18Low

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹488 Cr

P/B

0.17

EPS

₹7.35

Div Yield

0.03%

What changed

Recent changes

Domestic institutions-0.1% stake last quarter

What matters

News impact

Overview

Valuation

Reasonable

P/E 24.3×

Growth

Steady

+13% rev CAGR

Profitability

Modest

0.7% ROE

Financial health

Rock solid

D/E 0.18

Momentum

N/A

No technicals

Today

Trading activity

Delivery %—

Turnover—

Trades—

VWAP—

Face value₹1.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

+12.9%

+10.7%

10Y

+7.9%

Profit

-40.5%

-28.8%

10Y

-10.4%

EPS

-40.8%

-29.0%

10Y

-10.6%

Profile

Pros

Stock is trading at 0.17 times its book value

Watch-outs

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 10.6% over past five years.
Tax rate seems low
Company has a low return on equity of 4.13% over last 3 years.
Contingent liabilities of Rs.570 Cr.
Dividend payout has been low at 0.29% of profits over last 3 years
Company has high debtors of 246 days.
Promoter holding has decreased over last 3 years: -8.36%

Forecast

News

Peers

Financials

Growth

Shareholding

Ownership

Ownership breakdown

Quarter ending 31 Mar 2026

Domestic institutions reduced 0.12 pts last quarter. The QoQ column shows each group's change versus the prior quarter.

55%

Promoter

Promoters

55.0%0.00

Public

15.0%+0.52

FII / FPI

9.7%0.00

DII

0.0%-0.12

Others

20.3%

Total shareholders

6,683-41 QoQ

Quarterly trend

Ownership over time

Q4 FY26

Promoter55.01%

FII9.70%

Public15.00%

Others20.29%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing & Warehousing.[1]