Veritas (India)
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Veritas (India) approved the transfer and disposal of the assets and liabilities of its wholly owned subsidiary Verasco FZE to Inergy FZE of Sharjah for consideration of up to USD 51 million, subject to definitive agreements and regulatory clearances. The sale followed an in-principle board approval in December 2025 and shareholder approval. Verasco had contributed ₹66.55 crore of revenue in FY26 and represented 31.77% of the group’s consolidated net worth. For the June quarter, consolidated revenue rose to ₹897.5 crore from ₹586.7 crore a year earlier, while net profit fell to ₹3.7 crore from ₹24.1 crore. The Dighi Port integrated manufacturing project reported no manufacturing revenue in the quarter.
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Veritas (India) approved the transfer and disposal of the assets and liabilities of its wholly owned subsidiary Verasco FZE to Inergy FZE of Sharjah for consideration of up to USD 51 million, subject to definitive agreements and regulatory clearances. The sale followed an in-principle board approval in December 2025 and shareholder approval. Verasco had contributed ₹66.55 crore of revenue in FY26 and represented 31.77% of the group’s consolidated net worth. For the June quarter, consolidated revenue rose to ₹897.5 crore from ₹586.7 crore a year earlier, while net profit fell to ₹3.7 crore from ₹24.1 crore. The Dighi Port integrated manufacturing project reported no manufacturing revenue in the quarter.
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Veritas (India) approved its unaudited standalone and consolidated results for the quarter ended June 30, 2026, and gave final approval for the transfer of Verasco FZE’s assets and liabilities to Inergy FZE in Sharjah, UAE. The transaction provided for consideration of up to USD 51 million and remained subject to definitive agreements and regulatory clearances. The board had approved an in-principle sale in December 2025, and shareholders subsequently approved the transaction. Consolidated revenue rose to ₹897.5 crore from ₹586.7 crore a year earlier, while net profit fell to ₹3.7 crore from ₹24.1 crore. The Dighi Port manufacturing project remained under development through Veritas Polychem, with consolidated manufacturing revenue still nil in the quarter.
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Veritas (India) approved its unaudited standalone and consolidated results for the quarter ended June 30, 2026, and gave final approval for the transfer of Verasco FZE’s assets and liabilities to Inergy FZE in Sharjah, UAE. The transaction provided for consideration of up to USD 51 million and remained subject to definitive agreements and regulatory clearances. The board had approved an in-principle sale in December 2025, and shareholders subsequently approved the transaction. Consolidated revenue rose to ₹897.5 crore from ₹586.7 crore a year earlier, while net profit fell to ₹3.7 crore from ₹24.1 crore. The Dighi Port manufacturing project remained under development through Veritas Polychem, with consolidated manufacturing revenue still nil in the quarter.
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Feb 5 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) LTD - APPOINTS NARENDRA VALA AS CHIEF FINANCIAL OFFICER
Source text: ID:nBSE3FRLt9
Further company coverage: VERI.BO
(([email protected];))
Feb 5 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) LTD - APPOINTS NARENDRA VALA AS CHIEF FINANCIAL OFFICER
Source text: ID:nBSE3FRLt9
Further company coverage: VERI.BO
(([email protected];))
Nov 17 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) LTD - RAKESH BHARUCHA RESIGNS AS CFO EFFECTIVE NOVEMBER 17, 2025
Source text: ID:nBSE2rjSbM
Further company coverage: VERI.BO
(([email protected];;))
Nov 17 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) LTD - RAKESH BHARUCHA RESIGNS AS CFO EFFECTIVE NOVEMBER 17, 2025
Source text: ID:nBSE2rjSbM
Further company coverage: VERI.BO
(([email protected];;))
Nov 13 (Reuters) - Veritas (India) Ltd VERI.BO:
SEPT-QUARTER CONSOL PROFIT 366.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.16 BILLION RUPEES
Source text: ID:nBSE76r0sS
Further company coverage: VERI.BO
(([email protected];))
Nov 13 (Reuters) - Veritas (India) Ltd VERI.BO:
SEPT-QUARTER CONSOL PROFIT 366.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.16 BILLION RUPEES
Source text: ID:nBSE76r0sS
Further company coverage: VERI.BO
(([email protected];))
Aug 13 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) JUNE-QUARTER CONSOL PROFIT 480.7 MILLION RUPEES
VERITAS (INDIA) JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.56 BILLION RUPEES
Source text for Eikon: ID:nBSE6B5pR7
Further company coverage: VERI.BO
(([email protected];))
Aug 13 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) JUNE-QUARTER CONSOL PROFIT 480.7 MILLION RUPEES
VERITAS (INDIA) JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.56 BILLION RUPEES
Source text for Eikon: ID:nBSE6B5pR7
Further company coverage: VERI.BO
(([email protected];))
** Shares of India's Swan Energy SWAN.NS up 2.4%, easing from session-high jump of 2.7%
** Co, with textile, real estate, energy and petrochemical businesses, is top gainer on Nifty realty index .NIFTYREAL, which is down 1%, dragged by 3% losses in Phoenix Mills PHOE.NS
** Co said unit Veritas (India) VERI.BO, in consortium with Genesys International Corp GENS.NS, received order from Mumbai municipal body worth 1.56 bln rupees (about $19 million)
** YTD stock up more than 12% after a 67% rise in 2023, which was its fourth straight annual gain
($1 = 82.9340 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Swan Energy SWAN.NS up 2.4%, easing from session-high jump of 2.7%
** Co, with textile, real estate, energy and petrochemical businesses, is top gainer on Nifty realty index .NIFTYREAL, which is down 1%, dragged by 3% losses in Phoenix Mills PHOE.NS
** Co said unit Veritas (India) VERI.BO, in consortium with Genesys International Corp GENS.NS, received order from Mumbai municipal body worth 1.56 bln rupees (about $19 million)
** YTD stock up more than 12% after a 67% rise in 2023, which was its fourth straight annual gain
($1 = 82.9340 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
March 18 (Reuters) - Genesys International Corporation Ltd GENS.NS:
CO IN CONSORTIUM WITH GENESYS INTERNATIONAL CORP HAS RECEIVED LOA OF 1.56 BILLION RUPEES
GETS LETTER OF ACCEPTANCE FROM BRIHANMUMBAI MUNICIPAL CORP
Source text for Eikon: ID:nBSE87b77J
Further company coverage: GENS.NS
(([email protected];))
March 18 (Reuters) - Genesys International Corporation Ltd GENS.NS:
CO IN CONSORTIUM WITH GENESYS INTERNATIONAL CORP HAS RECEIVED LOA OF 1.56 BILLION RUPEES
GETS LETTER OF ACCEPTANCE FROM BRIHANMUMBAI MUNICIPAL CORP
Source text for Eikon: ID:nBSE87b77J
Further company coverage: GENS.NS
(([email protected];))
Aug 9 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) JUNE-QUARTER CONSOL PROFIT 251.4 MILLION RUPEES VERSUS PROFIT 169.1 MILLION RUPEES
VERITAS (INDIA) JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.95 BILLION RUPEES VERSUS 3.92 BILLION RUPEES
Source text for Eikon: ID:nBSE7p7844
Further company coverage: VERI.BO
(([email protected];))
Aug 9 (Reuters) - Veritas (India) Ltd VERI.BO:
VERITAS (INDIA) JUNE-QUARTER CONSOL PROFIT 251.4 MILLION RUPEES VERSUS PROFIT 169.1 MILLION RUPEES
VERITAS (INDIA) JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.95 BILLION RUPEES VERSUS 3.92 BILLION RUPEES
Source text for Eikon: ID:nBSE7p7844
Further company coverage: VERI.BO
(([email protected];))
May 18 (Reuters) - Veritas (India) Ltd VERI.BO:
MARCH-QUARTER CONSOL PROFIT 290.6 MILLION RUPEES VERSUS 190 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.59 BILLION RUPEES VERSUS 5.12 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: VERI.BO
(([email protected];))
May 18 (Reuters) - Veritas (India) Ltd VERI.BO:
MARCH-QUARTER CONSOL PROFIT 290.6 MILLION RUPEES VERSUS 190 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.59 BILLION RUPEES VERSUS 5.12 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: VERI.BO
(([email protected];))
April 6 (Reuters) - Veritas (India) Ltd VERI.BO:
NAMES NIKHIL V. MERCHANT AS MANAGING DIRECTOR OF CO FOR 5 YEARS
Source text for Eikon: ID:nBSEvVVLP
Further company coverage: VERI.BO
(([email protected];))
April 6 (Reuters) - Veritas (India) Ltd VERI.BO:
NAMES NIKHIL V. MERCHANT AS MANAGING DIRECTOR OF CO FOR 5 YEARS
Source text for Eikon: ID:nBSEvVVLP
Further company coverage: VERI.BO
(([email protected];))
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What does Veritas (India) do?
Veritas (India) Ltd operates in the import, trading, and distribution of chemicals, metals, and machinery in India. Additionally, the company is active in wind power generation in Maharashtra and Tamil Nadu.
Who are the competitors of Veritas (India)?
Veritas (India) major competitors are Snowman Logistics, Ruchi Infrastructure, Arshiya, Swan Corp, Radiant Cash Mgmnt., Transworld Shipping, Essar Shipping. Market Cap of Veritas (India) is ₹451 Crs. While the median market cap of its peers are ₹371 Crs.
Is Veritas (India) financially stable compared to its competitors?
Veritas (India) seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Veritas (India) pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Veritas (India) latest dividend payout ratio is 0.68% and 3yr average dividend payout ratio is 0.29%
How has Veritas (India) allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Veritas (India) balance sheet?
Balance sheet of Veritas (India) is moderately strong.
Is the profitablity of Veritas (India) improving?
No, profit is decreasing. The profit of Veritas (India) is -₹0.79 Crs for TTM, ₹19.7 Crs for Mar 2026 and ₹114 Crs for Mar 2025.
Is the debt of Veritas (India) increasing or decreasing?
Yes, The net debt of Veritas (India) is increasing. Latest net debt of Veritas (India) is ₹382 Crs as of Mar-26. This is greater than Mar-25 when it was ₹96.81 Crs.
Is Veritas (India) stock expensive?
Veritas (India) is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Veritas (India) is 0, while 3 year average PE is 10.77. Also latest EV/EBITDA of Veritas (India) is 12.35 while 3yr average is 6.99.
Has the share price of Veritas (India) grown faster than its competition?
Veritas (India) has given better returns compared to its competitors. Veritas (India) has grown at ~-10.97% over the last 3yrs while peers have grown at a median rate of -13.34%
Is the promoter bullish about Veritas (India)?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Veritas (India) is 55.01% and last quarter promoter holding is 55.01%.
Are mutual funds buying/selling Veritas (India)?
There is Insufficient data to gauge this.