₹ 1,230 -2.00%
07 Jun - close price
About
Formerly known as Duroflex Engineering, Veritas (India) Limited (VIL) was established in 1985 and is based in Mumbai. The company is focused on Trading & Distribution of Chemicals, Logistics, Development of Software and Power Generation (Wind Energy). The company has established overseas subsidiaries and offices.
Key Points
- Market Cap ₹ 3,299 Cr.
- Current Price ₹ 1,230
- High / Low ₹ 1,588 / 166
- Stock P/E 17.7
- Book Value ₹ 936
- Dividend Yield 0.00 %
- ROCE 8.47 %
- ROE 7.76 %
- Face Value ₹ 1.00
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Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 33.5% CAGR over last 5 years
- Debtor days have improved from 235 to 157 days.
Cons
- Tax rate seems low
- Company has a low return on equity of 5.80% over last 3 years.
- Company has high debtors of 157 days.
- Promoter holding has decreased over last 3 years: -10.2%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Trading Industry: Trading
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
426 | 334 | 827 | 459 | 512 | 392 | 540 | 572 | 659 | 495 | 941 | 1,324 | 1,095 | |
384 | 287 | 780 | 432 | 476 | 366 | 503 | 533 | 618 | 453 | 884 | 1,269 | 1,044 | |
Operating Profit | 42 | 46 | 47 | 27 | 36 | 26 | 37 | 39 | 41 | 42 | 57 | 55 | 51 |
OPM % | 10% | 14% | 6% | 6% | 7% | 7% | 7% | 7% | 6% | 8% | 6% | 4% | 5% |
2 | 1 | 0 | 2 | -2 | 3 | 0 | 1 | 0 | 0 | 0 | 56 | 0 | |
Interest | 5 | 6 | 5 | 2 | 6 | 4 | 4 | 6 | 4 | 8 | 6 | 6 | 11 |
Depreciation | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 16 |
Profit before tax | 30 | 34 | 34 | 18 | 19 | 17 | 24 | 25 | 29 | 25 | 42 | 96 | 24 |
Tax % | 5% | 0% | 0% | 3% | 2% | -0% | 2% | 1% | 0% | 0% | 1% | 1% | 1% |
29 | 34 | 34 | 18 | 19 | 17 | 24 | 25 | 29 | 25 | 42 | 96 | 24 | |
EPS in Rs | 10.68 | 12.54 | 12.79 | 6.64 | 7.09 | 6.31 | 8.88 | 9.33 | 10.84 | 9.38 | 15.52 | 35.73 | 9.06 |
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Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
914 | 1,202 | 1,503 | 1,456 | 1,648 | 1,679 | 1,876 | 2,037 | 1,876 | 2,131 | 2,163 | 3,855 | |
888 | 1,166 | 1,446 | 1,388 | 1,567 | 1,601 | 1,765 | 1,899 | 1,714 | 1,975 | 2,021 | 3,650 | |
Operating Profit | 26 | 36 | 57 | 68 | 82 | 78 | 110 | 138 | 163 | 157 | 142 | 205 |
OPM % | 3% | 3% | 4% | 5% | 5% | 5% | 6% | 7% | 9% | 7% | 7% | 5% |
0 | 3 | 0 | -0 | 2 | 1 | 12 | 49 | 4 | 0 | 5 | 57 | |
Interest | 5 | 6 | 6 | 6 | 9 | 7 | 51 | 35 | 24 | 19 | 17 | 31 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 25 | 30 | 32 | 32 | 34 | 43 |
Profit before tax | 21 | 33 | 50 | 61 | 73 | 71 | 46 | 122 | 111 | 106 | 96 | 188 |
Tax % | 8% | 5% | 4% | 2% | 2% | 5% | 6% | 0% | 1% | 1% | 1% | 1% |
19 | 31 | 48 | 60 | 71 | 68 | 44 | 122 | 109 | 105 | 95 | 187 | |
EPS in Rs | 7.96 | 12.83 | 19.85 | 22.47 | 26.67 | 25.27 | 16.23 | 45.61 | 40.82 | 39.05 | 35.36 | 69.69 |
Dividend Payout % | 1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 27% |
TTM: | 78% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 34% |
3 Years: | 20% |
TTM: | 97% |
Stock Price CAGR | |
---|---|
10 Years: | 45% |
5 Years: | 85% |
3 Years: | 134% |
1 Year: | 617% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 6% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 147 | 189 | 1,021 | 1,113 | 1,177 | 1,244 | 1,694 | 1,886 | 1,971 | 2,108 | 2,301 | 2,507 |
117 | 140 | 209 | 409 | 644 | 969 | 495 | 487 | 389 | 268 | 232 | 128 | |
117 | 96 | 193 | 270 | 383 | 720 | 786 | 919 | 923 | 1,623 | 1,586 | 1,544 | |
Total Liabilities | 384 | 427 | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 |
8 | 21 | 856 | 857 | 858 | 858 | 1,896 | 2,038 | 1,982 | 1,984 | 2,053 | 2,052 | |
CWIP | 0 | 0 | 84 | 386 | 730 | 1,316 | 331 | 334 | 339 | 342 | 344 | 349 |
Investments | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 10 |
375 | 405 | 485 | 550 | 618 | 761 | 751 | 922 | 964 | 1,674 | 1,715 | 1,772 | |
Total Assets | 384 | 427 | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-79 | -13 | -25 | 156 | 80 | 279 | 225 | 145 | 144 | 121 | 81 | 56 | |
4 | -5 | -85 | -303 | -346 | -587 | -77 | -71 | -10 | 27 | -3 | -32 | |
73 | 17 | 113 | 219 | 228 | 317 | -133 | -87 | -130 | -148 | -76 | -13 | |
Net Cash Flow | -2 | -1 | 3 | 72 | -38 | 9 | 15 | -12 | 4 | -0 | 1 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 142 | 117 | 84 | 105 | 113 | 145 | 105 | 155 | 178 | 269 | 278 | 157 |
Inventory Days | 1 | 1 | 6 | 0 | 8 | 3 | 25 | 0 | 0 | 15 | 8 | 4 |
Days Payable | 47 | 29 | 46 | 27 | 31 | 58 | 84 | 103 | 70 | 197 | 156 | 15 |
Cash Conversion Cycle | 96 | 89 | 44 | 78 | 90 | 90 | 46 | 52 | 108 | 88 | 130 | 146 |
Working Capital Days | 98 | 90 | 69 | 90 | 95 | 83 | 17 | 39 | 82 | 70 | 100 | 128 |
ROCE % | 12% | 13% | 7% | 5% | 5% | 4% | 4% | 7% | 6% | 5% | 5% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper publication of Financial Result for the Quarter and Year ended March 31,2024
- Disclosure Of Related Party Transactions For The Half-Year Ended March 31, 2024 29 May
- The Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31, 2024 29 May
- Appointment of Company Secretary and Compliance Officer 29 May
- Board Meeting Outcome for Outcome Of Board Meeting Held On May 29, 2024 29 May
Annual reports
- Financial Year 2023
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- Financial Year 2022
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- Financial Year 2021
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- Financial Year 2020
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- Financial Year 2019
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- Financial Year 2018
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- Financial Year 2017
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- Financial Year 2016
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- Financial Year 2015
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- Financial Year 2014
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- Financial Year 2013
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- Financial Year 2012
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- Financial Year 2011
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- Financial Year 2010
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- Financial Year 2009
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