Veritas (India) Limited

BSE: VERITAS512229ISIN INE379J01029

Commodities
Trading - Chemicals

Share price

₹137.30-2.25 (-1.61%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹288.95
52W low: ₹132.20
Off 52W high: -52.48%
1M return: -5.44%
3M return: -21.07%
6M return: -24.23%
1Y return: -51.04%
20D avg volume: 3,919
50 DMA: ₹151.99
200 DMA: ₹165.49

Key ratios Consolidated

Market cap: ₹368.10 Cr
Current price: ₹137.30
52W high / low: ₹288.95 / ₹132.20
Face value: ₹1.00
P/E: -53.59
P/B: 0.16
EPS (TTM): ₹-2.56
Book value / share: ₹876.10
ROE: —
ROCE: 1.50%
Operating margin: —
Net margin: —
Debt / equity: 0.15
Net debt: ₹413.11 Cr
Interest cover: 1.72
Dividend yield: 0.04%
Dividend / share (TTM): ₹0.05
Payout: —
Cash conversion cycle: 116.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	712.35	897.52	531.74	987.83	1,006	586.66	785.56	1,642	915.51	755.52	1,095	1,324
	-0.06	0.53	-0.28	0.57	-0.33	2.78	11.80	3.12	13.01	0.54	0.35	56.05
	712.30	898.05	531.46	988.40	1,006	589.45	773.76	1,646	928.52	756.06	1,095	1,380
	717.73	894.45	548.17	976.75	1,005	565.35	774.97	1,615	891.53	708.22	1,070	1,284
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	678.59	866.68	503.31	948.37	976.89	541.08	731.93	1,593	852.70	677.26	1,021	1,231
	4.17	4.32	3.60	5.14	5.32	4.61	5.02	5.07	5.41	5.45	5.57	4.36
	0.96	5.97	15.00	3.23	4.39	4.57	5.84	13.16	14.05	7.59	10.58	5.85
	11.25	11.03	10.52	10.52	10.31	9.97	9.94	9.95	10.10	9.43	15.89	8.96
	22.76	6.44	15.73	9.08	8.57	5.12	5.39	10.96	8.95	8.36	12.72	9.00
	-5.43	3.61	-16.71	11.65	0.60	24.10	-1.21	30.29	36.99	47.84	24.49	96.31
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-5.43	3.61	-16.71	11.65	0.60	24.10	-1.21	30.29	36.99	47.84	24.49	96.31
	0.05	-0.05	-0.79	0.77	0.00	-0.05	-0.11	0.36	0.33	0.24	0.18	0.51
	-5.48	3.66	-15.93	10.88	0.60	24.15	-1.10	29.93	36.66	48.07	24.30	95.80
	-2.04	1.36	-5.94	4.06	0.22	9.01	-0.41	11.16	13.67	17.93	9.07	35.73
Key metrics
	6.78	20.61	8.81	25.40	15.30	38.64	14.57	53.40	61.14	64.86	50.96	111.12
	1.00%	2.30%	1.70%	2.60%	1.50%	6.60%	1.90%	3.30%	6.70%	8.60%	4.70%	8.40%
	-0.80%	0.40%	-3.00%	1.10%	0.10%	4.10%	-0.10%	1.80%	4.00%	6.40%	2.20%	7.20%
	-0.20%	—	-0.10%	—	0.20%	—	0.20%	—	—	—	—	—
	-29.20%	53.00%	-32.30%	-39.90%	9.90%	-22.40%	-28.20%	24.10%	—	—	—	—
	-1,013.30%	-84.80%	-1,348.20%	-63.60%	-98.40%	-49.80%	-104.50%	-68.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,129	3,113	4,099	3,855	2,163	2,131
	0.76	2.74	4.87	56.90	4.73	0.39
	3,130	3,115	4,104	3,911	2,168	2,132
	3,137	3,096	3,990	3,724	2,072	2,026
	0.00	0.00	0.00	—	—	—
	2,997	2,970	3,855	3,594	1,942	2,030
	17.23	18.67	20.95	16.11	9.62	6.19
	25.16	27.19	40.63	31.12	17.27	19.15
	43.32	41.33	39.43	42.54	34.43	31.96
	54.01	38.49	33.65	37.49	34.63	17.42
	-6.88	19.64	113.91	187.89	95.51	105.79
	0.00	0.00	0.00	0.00	0.00	0.00
	-6.88	19.64	113.91	187.89	95.51	105.79
	-0.02	0.07	0.35	1.04	0.71	1.09
	-6.87	19.70	113.56	186.85	94.80	104.70
	-2.56	7.35	42.36	69.69	35.36	39.05
Key metrics
	61.60	88.16	193.97	261.55	147.21	156.90
	1.97%	2.80%	4.70%	6.80%	6.80%	7.40%
	-0.22%	0.60%	2.80%	4.80%	4.40%	4.90%
	—	1.50%	5.30%	—	—	—
	-22.17%	-24.10%	6.30%	78.20%	1.50%	—
	-112.82%	-82.70%	-39.20%	97.10%	-9.50%	—
	—	-232.74	25.35	—	—	—
	—	-11.81	0.25	—	—	—
	—	0.15	0.02	—	—	—
	—	413.11	9.70	—	—	—
	—	116.0	56.4	—	—	—
Balance sheet
	—	4,716	3,836	—	—	—
	—	2,211	1,413	—	—	—
	—	16.80	40.20	—	—	—
	—	2,096	1,285	—	—	—
	—	41.73	41.65	—	—	—
	—	45.36	—	—	—	—
	—	2,043	2,033	—	—	—
	—	1,148	693.21	—	—	—
	—	1,522	896.26	—	—	—
	—	429.91	49.90	—	—	—
	—	362.38	49.90	—	—	—
	—	67.53	0.00	—	—	—
	—	2,864	2,665	—	—	—
Cash flow
	—	-232.68	28.93	—	—	—
	—	-0.89	19.06	—	—	—
	—	210.17	-26.51	—	—	—
	—	0.06	3.58	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	0.00	0.00	4.50	12.29	6.88	0.00	10.20	108.74	142.43	61.78	15.39	77.05
	0.34	0.91	0.22	0.65	0.20	1.16	0.36	0.36	0.36	0.36	0.36	0.36
	0.34	0.91	4.72	12.95	7.08	1.16	10.56	109.10	142.79	62.14	15.75	77.41
	1.99	1.64	9.83	8.10	7.04	1.74	9.99	107.31	141.28	61.32	14.55	75.95
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	6.81	104.22	138.96	59.96	8.75	64.83
	0.68	0.61	0.27	0.31	0.84	0.35	0.19	0.90	0.86	0.76	0.90	0.52
	0.02	0.00	0.01	0.03	0.00	0.00	0.82	0.07	0.30	0.03	0.05	0.01
	0.02	0.03	0.02	0.03	0.03	0.03	0.04	0.06	0.04	0.07	0.13	0.06
	1.27	1.00	9.52	7.72	6.17	1.35	1.51	2.69	1.39	0.46	0.39	0.88
	-1.65	-0.73	-5.12	4.85	0.04	-0.59	0.57	1.79	1.51	0.82	1.20	1.46
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	-1.65	-0.73	-5.12	4.85	0.04	-0.59	0.57	1.79	1.51	0.82	1.20	1.46
	0.05	-0.05	-0.79	0.77	0.00	-0.05	-0.11	0.36	0.33	0.24	0.18	0.51
	-1.71	-0.69	-4.33	4.08	0.13	-0.54	0.68	1.43	1.18	1.05	1.01	0.95
	-0.64	-0.26	-1.61	1.52	0.01	-0.20	0.25	0.53	0.44	0.39	0.38	0.35
Key metrics
	-1.61	-0.70	-5.09	4.91	0.07	-0.56	1.43	1.92	1.85	0.92	1.38	1.53
	—	—	-113.10%	40.00%	1.00%	—	14.00%	1.80%	1.30%	1.50%	9.00%	2.00%
	—	—	-96.20%	33.20%	1.90%	—	6.70%	1.30%	0.80%	1.70%	6.60%	1.20%
	-0.40%	—	-1.30%	—	0.00%	—	0.40%	—	—	—	—	—
	-100.00%	—	-55.90%	-88.70%	-95.20%	-100.00%	-33.70%	41.10%	—	—	—	—
	-1,415.40%	-27.80%	-736.80%	185.30%	-89.00%	-151.40%	-32.70%	50.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	16.79	23.67	323.14	245.32	227.93	353.90
	2.12	2.23	1.44	2.27	6.75	2.56
	18.92	25.90	324.58	247.59	234.69	356.45
	21.56	26.71	319.90	242.79	230.01	349.16
	0.00	0.00	0.00	—	—	—
	0.00	0.00	309.95	231.61	180.67	420.71
	1.87	1.78	2.71	2.89	3.79	2.31
	0.06	0.05	1.22	2.38	0.30	0.32
	0.10	0.13	0.20	0.33	0.05	0.28
	19.51	24.76	6.05	2.65	10.23	4.01
	-2.65	-0.81	4.69	4.81	4.68	7.29
	0.00	0.00	0.00	—	—	—
	-2.65	-0.81	4.69	4.81	4.68	7.29
	-0.02	-0.07	0.35	1.03	0.71	1.09
	-2.65	-0.75	4.34	3.77	3.97	6.20
	-0.99	-0.28	1.62	1.41	1.48	2.31
Key metrics
	-2.49	-0.63	6.11	7.52	5.03	7.89
	-14.83%	-2.70%	1.90%	3.10%	2.20%	2.20%
	-15.78%	-3.20%	1.30%	1.50%	1.70%	1.80%
	—	-0.20%	1.50%	—	—	—
	-86.66%	-92.70%	31.70%	7.60%	-35.60%	—
	-255.88%	-117.30%	15.10%	-5.00%	-36.00%	—
	—	-12.46	-10.55	—	—	—
	—	16.59	-2.43	—	—	—
	—	0.15	0.07	—	—	—
	—	29.68	13.58	—	—	—
	—	-600.1	-40.7	—	—	—
Balance sheet
	—	502.69	491.27	—	—	—
	—	79.28	71.39	—	—	—
	—	0.53	0.22	—	—	—
	—	6.27	1.05	—	—	—
	—	41.17	41.17	—	—	—
	—	2.91	3.87	—	—	—
	—	0.94	1.25	—	—	—
	—	86.36	78.28	—	—	—
	—	121.76	96.72	—	—	—
	—	30.21	13.80	—	—	—
	—	30.21	13.80	—	—	—
	—	0.00	0.00	—	—	—
	—	195.75	196.76	—	—	—
Cash flow
	—	-12.44	-10.54	—	—	—
	—	-3.49	9.05	—	—	—
	—	16.23	0.68	—	—	—
	—	0.02	0.01	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -53.00%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -86.66%
Profit YoY (TTM): -255.88%

Consolidated

Sales CAGR 3Y: +12.90%
Sales CAGR 5Y: —
Profit CAGR 3Y: -40.77%
Profit CAGR 5Y: —
Sales YoY (TTM): -22.17%
Profit YoY (TTM): -112.82%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 55.01%

Quarter	September 2026	June 2026
Promoter %	55.01%	55.01%

Holder	Type	Holding	Previous	Change
SWAN CORP LIMITED	Promoter	55.01%	—	—
ONIX ASSETS LIMITED	Public	11.19%	11.19%	0.00%
LATITUDE CONSULTANTS LIMITED	Public	9.70%	9.70%	0.00%
NITI NITINKUMAR DIDWANIA	Public	5.77%	5.77%	0.00%
AVENTIA GLOBAL LIMITED	Public	3.73%	3.73%	0.00%
GROUPE VERITAS LIMITED	Public	2.59%	2.59%	0.00%
GUNJAN JAIN	Public	1.64%	1.64%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Uniphos Enterprises Limited. S	643	92.45	31.77	0.80%	-77.14% TTM	+6,431.25% TTM	-37.95%
Vinyl Chemicals (India) Ltd. S	440	240.20	16.20	16.80%	+7.25% TTM	+38.78% TTM	-13.10%
Veritas (India) Limited	368	137.30	-53.59	1.50%	-22.17% TTM	-112.82% TTM	-51.04%
EVEXIA LIFECARE LIMITED	324	1.46	188.07	0.30%	+26.64% TTM	+19.44% TTM	-17.98%
BHAVIK ENTERPRISES LIMITED S	297	145.75	7.11	11.30%	—	—	+1.89%
Shankar Lal Rampal Dye-Chem Limited S	256	40.03	13.90	15.60%	+12.41% TTM	+51.77% TTM	-41.73%
A-1 LIMITED	234	5.09	23.09	17.80%	+95.96% TTM	+303.59% TTM	-87.73%
SHIV TEXCHEM LIMITED S	231	99.65	2.97	21.40%	—	—	-43.28%
Mysore Petro Chemicals Ltd.	76	114.90	7.02	0.20%	+52.56% TTM	+234.12% TTM	+2.68%
AUREATE TRADDE LIMITED S	64	49.00	—	44.80%	—	—	—
Yash Chemex Limited	58	56.75	20.42	7.30%	+4.64% TTM	+25.11% TTM	-48.15%
Laffans Petrochemicals Ltd. S	23	28.49	-22.09	0.40%	-20.91% TTM	-133.99% TTM	-23.21%
Citichem India Limited S	11	16.00	10.88	9.20%	—	—	-43.86%
CHD Chemicals Limited S	8	7.61	-761.00	-0.40%	-13.42% TTM	+98.21% TTM	+33.51%
Patron Exim Limited S	4	1.80	-3.53	-2.80%	—	—	-59.18%

Filings & corporate actions

Recent announcements

Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026.3 Nov 2026 · Result / Financial Results
The Board of Directors in their Meeting held today i.e. November 03, 2026, inter-alia, considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company ....3 Nov 2026 · Board Meeting / Outcome of Board Meeting
Veritas (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....26 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading window with effect from October 01, 2026.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The shareholders of the Company at their 41st AGM held today i.e. September 03, 2026, inter-alia, have approved re-appointment of Mr. Paresh V. Merchant (DIN: 00660027) as Managing Director ....3 Sep 2026 · Company Update / Change in Directorate
The Voting Results along with consolidated Scrutinizer''s Report of Remote e-Voting and voting at the 41st AGM held today i.e. on September 03, 2026.3 Sep 2026 · AGM/EGM / AGM
Outcome of 41st Annual General Meeting held today i.e. on September 03, 2026.3 Sep 2026 · AGM/EGM / AGM
Summary of Proceedings of the 41st Annual General Meeting held on September 03, 2026.3 Sep 2026 · AGM/EGM / AGM
Newspaper Publication of Unaudited Financial Results for the quarter ended June 30, 2026.14 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication with respect to 41st Annual General Meeting of the Company scheduled to be held on Thursday, September 03, 2026 at 11:30 AM.13 Aug 2026 · Company Update / Newspaper Publication
The Company has sent physical letter providing web-link of Annual Report 2025-26, to those shareholders who have not registered their email address.13 Aug 2026 · Company Update / General
Business Responsibility and Sustainability Report for the Financial Year 2025-26.12 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the Financial Year 2025-26.12 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 41st Annual General Meeting to be held on September 03, 2026.12 Aug 2026 · AGM/EGM / AGM
The Board of Directors in their Meeting held today i.e. August 12, 2026, inter-alia, considered and approved ''Transfer / disposal of material assets and liabilities of Verasco FZE, wholly ....12 Aug 2026 · Company Update / Restructuring
Unaudited Financial Results for the quarter ended June 30, 2026.12 Aug 2026 · Result / Financial Results
The Board of Directors in their Meeting held on August 12, 2026, inter-alia, considered and approved (1) Unaudited Financial Results for the quarter ended June, 30, 2026; and (2) Transfer ....12 Aug 2026 · Board Meeting / Outcome of Board Meeting
Newspaper publication w.r.t. 41st AGM of the Company6 Aug 2026 · Company Update / Newspaper Publication
Veritas (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....4 Aug 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI (Depository Participants) Regulations, 2018 for the quarter ended June 30, 2026.3 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window w.e.f. July 01, 2026.25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication29 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for the year ended March 31, 2026.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Board recommended Dividend for F.Y. 2025-2628 May 2026 · Corp Action / Dividend Updates
Book Closure for Dividend.28 May 2026 · Corp. Action / Book Closure
Record Date for Dividend28 May 2026 · Corp. Action / Record Date
Dividend for F.Y. 2025-2628 May 2026 · Corp. Action / Dividend
Announcement under Regulation 30 of SEBI Listing Regulations - 1. Re-appointment of Mr. Paresh Merchant as Managing Director, subject to approval of Shareholders; and 2. Appointment of ....28 May 2026 · Company Update / Change in Management
Audited Standalone and Consolidated Financial Results for the Quarter and Year ended March 31, 2026.28 May 2026 · Result / Financial Results
Outcome of Board Meeting held on May 28, 2026. Please refer to the attached file.28 May 2026 · Board Meeting / Outcome of Board Meeting
Veritas (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Audited Financial Results for ....18 May 2026 · Board Meeting / Board Meeting
Non-Applicability of Disclosure of Large Entity/Large Corporate for the Financial Year ended March 2026.30 Apr 2026 · Company Update / General
Regularisation of the appointment of Mr. Jayaramakrishnan Kannan (DIN: 06551104) as Independent Director of the Company.14 Apr 2026 · Company Update / Change in Directorate
Scrutinizer''s Report on Voting Result of Postal Ballot13 Apr 2026 · AGM/EGM / Postal Ballot
Declaration of Result of Postal Ballot13 Apr 2026 · AGM/EGM / Postal Ballot
Certificate under Reg. 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.2 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window w.e.f. 01.04.2026.26 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication - Notice of Postal Ballot14 Mar 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot.13 Mar 2026 · AGM/EGM / Postal Ballot

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.0500	28 Aug 2026	28 Aug 2026	—
Final Dividend - Rs. - 0.0500	19 Sep 2025	19 Sep 2025	—
Final Dividend - Rs. - 0.0500	17 Sep 2024	17 Sep 2024	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results