Veritas (India) Limited (VERITAS) Fair Value & Analysis
Other · IN · Market cap ₹4.8B
Fair value as of: Jul 6, 2026
From 17 valuation models · updated today
Share price +13.4% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹134.85 – ₹391.85 · fair‑value band ₹93.69 – ₹156.16 · the ₹178.50 price screens above the ₹124.93 fair value. As of Jul 6, 2026.
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Veritas (India) Limited (VERITAS) currently trades at ₹178.50, while our model-based Fair Value estimate is ₹124.93 — implying the stock looks roughly 30.0% overvalued today. We read business quality at 42/100 (below-average quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Veritas (India) Limited generated revenue of ₹31.1B at a net margin of 0.6%. Revenue declined 32.3% year over year. It earns a return on equity of 0.7%. Net debt stands at ₹4.1B. Fundamentals as of Jul 6, 2026
Our scenario range runs from ₹93.69 (bear case) to ₹156.16 (bull case); at ₹178.50, the current price sits above that range. The share trades about 55% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Other peers we cover trades at -16% fair-value upside — at -30%, VERITAS screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 6, 2026. TTM = trailing twelve months.
About the company
Veritas (India) Limited imports, exports, trades in, and distributes chemicals, metals, and rubber products in India and internationally. It distributes petrochemicals, polymers, paper and paper boards, and heavy distillates. The company also develops software; manufactures ceramic products, etc.; and generates wind energy. In addition, it is involved in agricultural activities. The company was formerly known as Duroflex Engineering Limited and changed its name to Veritas (India) Limited in April 2009. Veritas (India) Limited was incorporated in 1985 and is headquartered in Mumbai, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Veritas (India) Limited reported revenue of ₹31.1B in FY2026 versus ₹21.3B in FY2022, a compound +9.9%/yr. Reported net income was ₹197M in FY2026, compounding −34.1%/yr from FY2022.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.