Veritas (India) Key Ratios

Stock Card

BSE: 512229

₹147.70

₹2.85 (1.97%)

As on 23-Oct-2026IST

Market cap

₹396 Cr

Revenue (TTM)

₹3,423 Cr

P/E Ratio

P/B Ratio

0.1

Div. Yield

0 %

Key Ratios and Highlights

Growth Score (%)	Quarterly		Annual (TTM)
Particulars	QoQ	YoY	1-Year	3-Years	5-Years
Revenue	68.79	52.99	-12.87	14.74	13.87
EBIT	733.24	-65.04	-77.13	-39.61	-28.74
Net Profit	122.95	-84.86	-100.88	-119.74	-136.18
EPS	122.96	-84.86	-100.88	-119.72	-136.16
Book Value	--	--	7.46	7.53	7.73

Key Ratios (%)	Average		Annual (TTM)
Particulars	3-Years	5-Years	TTM	Mar-26	Mar-25
EBIT-Margin	3.07	3.99	0.80	1.42	3.61
Net Margin	2.73	3.49	-0.02	0.63	2.77
Return on equity	4.29	4.46	-0.03	0.71	4.39
Return on Capital	5.09	5.03	--	1.52	5.48
Return on Assets	2.60	2.60	-0.02	0.46	2.83
Debt to Equity (x)	--	--	0.02	0.15	0.07

Profitability

View Detailed Peer Comparison

ROCE

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	1.52	5.48	8.28	4.59	5.27
Peer Median	--	4.18	5.49	3.31	4.30	0.68

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

ROE

-0.03

Lower than Peers by 3.51

Profit after tax / Average Net worth * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-0.03	0.71	4.39	7.76	4.30	5.13
Peer Median	3.48	3.83	3.00	1.72	1.37	0.25

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

ROA

-0.02

Lower than Peers by 1.51

Profit after tax / Average Total assets * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-0.02	0.46	2.83	4.50	2.33	2.87
Peer Median	1.49	1.49	2.30	1.90	1.35	0.24

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EBIT Margin

0.80

Lower than Peers by 0.85

Operating profit (EBIT) / Net Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	0.80	1.42	3.61	4.18	4.99	5.75
Peer Median	1.64	2.50	3.22	1.63	1.60	1.90

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Net Margin

-0.02

Lower than Peers by 2.80

Net profit / Total Income (Net sales plus other income) * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-0.02	0.63	2.77	4.78	4.37	4.91
Peer Median	2.78	2.15	5.00	3.13	1.59	2.67

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Cash Profit Margin

(Net profit + Depreciation) / Gross Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	1.96	3.73	5.95	5.97	6.41
Peer Median	0.00	0.00	0.00	0.00	0.00	0.00

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

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Revenue Growth

-12.87

Lower than Peers by 34.22

Year on year growth in net sales

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-12.87	-24.05	6.32	78.18	1.49	13.60
Peer Median	21.35	19.40	23.02	15.96	18.02	69.88

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EBIT Growth

-77.13

Lower than Peers by 85.43

Year on year growth in operating profit (EBIT)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-77.13	-70.24	-8.11	49.44	-12.04	-5.42
Peer Median	8.31	19.82	29.64	15.09	-29.72	64.55

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Net Profit Growth

-100.88

Lower than Peers by 121.27

Year on year growth in profit after tax

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-100.88	-82.65	-39.23	97.07	-9.44	-4.34
Peer Median	20.38	73.09	6.09	61.58	11.74	25.08

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EPS Growth

-100.88

Lower than Peers by 114.07

Year on year growth in earnings per share

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-100.88	-82.65	-39.23	97.07	-9.44	-4.34
Peer Median	13.18	54.11	-7.80	435.00	187.50	30.73

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Book Value Growth

Year on year growth in book value per share

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	7.46	6.19	8.96	9.12	6.97
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

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Debt to Equity

0.02

Higher than Peers by 0.02

Total debt / Net worth

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	0.02	0.15	0.07	0.10	0.10	0.13
Peer Median	0.00	0.06	0.05	0.08	0.13	0.14

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Short term debt to equity ratio

(Short term borrowings / Net worth)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	0.11	0.02	0.02	--	--
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Current Ratio

1.45

Lower than Peers by 1.40

Current Assets / Current Liabilities and Provisions

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	1.45	1.45	1.58	4.25	1.55	1.34
Peer Median	2.86	2.57	2.36	2.49	1.91	2.34

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Quick Ratio

1.42

Lower than Peers by 0.89

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	1.42	1.42	1.53	4.14	1.51	1.28
Peer Median	2.32	3.39	2.78	3.84	2.04	2.04

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Interest Coverage

0.97

Lower than Peers by 8.19

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	0.97	1.72	3.83	7.04	6.53	6.52
Peer Median	9.16	4.10	6.00	6.14	3.12	3.30

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

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Debtors to sales

61.21

Higher than Peers by 34.70

Debtors outstanding / Net Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	61.21	67.33	31.35	43.03	76.24	73.83
Peer Median	26.52	31.75	28.60	36.45	19.65	31.51

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Asset Turnover

0.80

Higher than Peers by 0.43

Sales / Average Total Assets

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	0.80	0.73	1.02	0.93	0.53	0.59
Peer Median	0.37	0.77	0.66	0.64	0.47	0.32

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Receivable days

Average Debtors / Sales * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	198.20	131.08	156.61	271.90	212.99
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Inventory Days

Average Inventory / Sales * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	4.89	3.73	4.08	10.38	6.78
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Payable days

Average Creditors / Cost of goods sold * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	113.14	39.74	50.43	175.25	128.34
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Cash Conversion Cycle

Receivable Days + Inventory Days - Payable Days

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	--	89.95	95.07	110.26	107.03	91.43
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

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Price / Earnings

-499.35

Lower than Peers by 554.26

Current share price divided by earning per share in the last twelve months

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	-499.35	18.35	9.06	15.36	4.00	2.97
Peer Median	54.92	64.63	89.82	45.24	19.25	524.83

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Price / Book Value

0.14

Lower than Peers by 0.53

Current share price divided by book value per share in the latest financial year

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	0.14	0.13	0.39	1.14	0.16	0.15
Peer Median	0.67	0.96	0.89	1.21	0.87	0.53

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Dividend Yield

0.03

Dividend per share in the past twelve months divided by current share price

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	0.03	0.04	0.01	0.00	0.04	0.04
Peer Median	--	--	--	--	--	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EV/EBITDA

11.47

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	11.47	8.74	6.08	11.80	4.04	3.58
Peer Median	--	-21.63	18.55	20.44	16.18	-13.24

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Market Cap

396

Higher than Peers by 234

Current Share price multiplied by latest total number of shares outstanding

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Veritas (India)	396	362	1,029	2,869	379	311
Peer Median	162	162	182	165	119	84

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.