Debut Plus

₹179.9

▼ -3.65 -1.99%

17 Jul 2026

BSE Listed

Veritas (India) Ltd. (512229)

Volume: 3,018Avg Vol 1W: 3,244Avg Vol 1M: 3,50152W Range:₹132.2₹399.7
BSE www.veritasindia.net
Key Ratios
Checked just now
Market Cap₹482 Cr
Current Price₹179.9
Previous Close₹183.55
High / Low (52w)₹399.7 / ₹132.2
Volume3,018
Avg Vol (1W)3,244
Avg Vol (1M)3,501
Stock P/E24.48
Book Value₹1,068.34
Dividend Yield3%
ROE68.78%
ROA41.78%
Revenue (TTM)—
Revenue Growth—
Profit Margin63.29%
Total Debt—
Shares Outstanding3 Cr
Face Value—
EPS (TTM)₹7.35
P/B0.17
Debt / Equity0.12
50 DMA₹170.3
200 DMA₹199.78
Day change-1.99%
Price Chart
₹179.9▼ 52.79% · 1Y
₹652₹1351.0L
2025-07-17
2026-07-16

20-day avg volume: 4K shares

Pros
  • Healthy return on equity of 68.8%.
  • Pays a dividend yield of 3.0%.
  • Company is almost debt-free.
  • Stock trades below its book value.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹756 Cr₹916 Cr₹1,642 Cr₹785 Cr₹587 Cr₹1,006 Cr₹988 Cr₹532 Cr
EBITDA₹55 Cr₹51 Cr₹43 Cr₹4 Cr₹29 Cr₹5 Cr₹15 Cr₹-2 Cr
Net Profit₹48 Cr₹37 Cr₹30 Cr₹-1 Cr₹24 Cr₹1 Cr₹11 Cr₹-16 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹1,680 Cr₹1,888 Cr₹2,087 Cr₹1,881 Cr₹2,132 Cr₹2,168 Cr₹3,912 Cr₹4,104 Cr
EBITDA₹78 Cr₹97 Cr₹157 Cr₹135 Cr₹125 Cr₹113 Cr₹219 Cr₹155 Cr
Net Profit₹68 Cr₹44 Cr₹122 Cr₹109 Cr₹105 Cr₹95 Cr₹187 Cr₹114 Cr
EPS25.2716.2345.6140.8239.0535.3669.6942.36
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹2,936 Cr₹2,978 Cr₹3,295 Cr₹3,286 Cr₹4,001 Cr₹4,121 Cr₹4,183 Cr₹3,836 Cr
Total Liabilities₹1,689 Cr₹1,281 Cr₹1,406 Cr₹1,312 Cr₹1,890 Cr₹1,817 Cr₹1,673 Cr₹1,171 Cr
Equity₹1,247 Cr₹1,697 Cr₹1,889 Cr₹1,974 Cr₹2,111 Cr₹2,304 Cr₹2,510 Cr₹2,665 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹280 Cr₹229 Cr₹148 Cr₹145 Cr₹121 Cr₹82 Cr₹57 Cr₹30 Cr
Investing₹-587 Cr₹-77 Cr₹-71 Cr₹-10 Cr₹27 Cr₹-3 Cr₹-32 Cr₹19 Cr
Financing₹317 Cr₹-133 Cr₹-87 Cr₹-130 Cr₹-148 Cr₹-76 Cr₹-13 Cr₹-27 Cr
Free Cash Flow₹280 Cr₹229 Cr₹148 Cr₹145 Cr₹121 Cr₹82 Cr₹57 Cr₹30 Cr
Shareholding
Promoter 55.01% Institutions 9.7% Public 35.3%
Efficiency & Working Capital
ROCE1.3%
Interest Coverage3.8
Dividend Payout—
Debtor Days114 d
Inventory Days4 d
Payable Days62 d
Cash Conversion Cycle56 d
Working Capital Days118 d
Shareholding Details

As of 2026-06-30

Promoter55%
FII9.7%
DII0%
Institutions9.7%
Public35.3%
Promoter Pledge0%
No. of Shareholders6,631
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters55%55%55%55%55%55%55%55%55%55%55%55%
FIIs9.9%9.7%9.7%9.7%9.7%9.7%9.7%9.7%9.7%9.7%9.7%9.7%
DIIs0%0%0%0%0%0.1%0.1%0.1%0.1%0.1%0%0%
Public35.1%35.3%35.3%35.3%35.3%35.2%35.2%35.2%35.2%35.2%35.3%35.3%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders3,0693,1423,2483,9484,6645,6666,4206,8296,5636,7246,6836,631
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Swan Energy LtdShareholding of Promoter and Promoter Group55%1.47 Cr
Onix Assets LimitedPublic Shareholding11.2%30,00,000
Latitude Consultants LimitedPublic Shareholding9.7%26,00,000
Niti Nitinkumar DidwaniaPublic Shareholding5.8%15,46,585
Aventia Global LimitedPublic Shareholding3.7%10,00,000
Groupe Veritas LimitedPublic Shareholding2.6%6,94,762
Gunjan JainPublic Shareholding1.6%4,39,100
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Swan Energy Ltd00%2026-06-30
Latitude Consultants Limited00%2026-06-30
Gunjan Jain00%2026-06-30
Niti Nitinkumar Didwania00%2026-06-30
Aventia Global Limited00%2026-06-30
Onix Assets Limited00%2026-06-30
Groupe Veritas Limited00%2026-06-30
Swan Energy Ltd (now Known As Swan Corp Limited)00%2026-03-31
Latitude Consultants Limited00%2026-03-31
Gunjan Jain00%2026-03-31
Niti Nitinkumar Didwania00%2026-03-31
Aventia Global Limited00%2026-03-31
Board of Directors
NameDesignationYear
Paresh V MerchantExecutive Director & MD2025
Rohinton ShroffIndependent Non Exe. Director2025
Bhagyashri DixitIndependent Non Exe. Director2025
Arun S AgarwalExecutive Director2025
Virat DantwalaExecutive Director2025
Usha RamsinghaniCompany Sec. & Compli. Officer2025
Jayaramakrishnan KannanIndependent Director2025
Segments — Product
SegmentRevenueShare
Trading,Distribution & Development₹245 Cr99.9%
Wind Power Generation₹0 Cr0.1%
Segments — Geography
RegionRevenueShare
Domestic₹246 Cr100%
Overseas₹0 Cr0%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹11033
Corporate Actions
TypeDateValueRemark
dividend2025-09-19₹0.05 (5%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20253001018
20252000016
2025000101
Substantial Acquisitions (SAST)

6 disclosure(s)

Market30/09/2022 · 8,50,000
Market30/09/2022 · 8,50,000
Market23/09/2022 · 8,60,000
Market23/09/2022 · 8,60,000
Market20/09/2022 · 9,01,250
Market20/09/2022 · 9,01,250
Company Information
Incorporated1985
AuditorShabbir and Rita Associates LLP
Investor Email[email protected]
🌐 www.veritasindia.net ↗

📍 Vakhil House 18 Sprott Road, Ballard Estate Fort, Mumbai, Maharashtra, 400001

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