Veritas (India) Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Veritas (India) Limited's yearly results (2023–2026), compared with Industrials companies in India. Tap ? on any ratio for what it means.
What stands out
- Cash Cushion Ratio: Debt, after subtracting cash, is 1.3 times its market value (net debt). Lower than 96% of Industrials companies in India.
- Self-Funding Ratio: Over the last 3 years operating cash was negative while the company kept spending on investment (capex). Lower than 93% of Industrials companies in India.
- Debt Due Cover Ratio: Operating cash was negative last year, while some debt falls due within a year. Lower than 90% of Industrials companies in India.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
₹-42Over the last 3 years, every ₹100 of reported profit came with ₹-42 of operating cash.
Lower than 86% of Industrials companies in India.
Self-Funding Ratio
-3.7×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 93% of Industrials companies in India.
Cash Locked Ratio
₹32For every ₹100 of sales, ₹32 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹35 tied up three years earlier.
More money tied up than 64% of Industrials companies in India.
Growth quality
Steadiness Ratio
2/3 · 1/3Sales grew in 2 of the last 3 years; profit grew in 1 of 3.
Less steady than 78% of Industrials companies in India.
Growth Efficiency Ratio
−₹8Sales grew 44% in 3 years, but profit fell: ₹8 less profit per ₹100 of extra sales.
Lower than 88% of Industrials companies in India.
Asset Productivity Ratio
+44% / +14%In 3 years sales changed by +44% while total assets changed by +14%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
-0.6×Operating cash was negative last year, while some debt falls due within a year.
Lower than 90% of Industrials companies in India.
Cash Cushion Ratio
1.3× debtDebt, after subtracting cash, is 1.3 times its market value (net debt).
Lower than 96% of Industrials companies in India.
Tangible Assets Ratio
—Data incomplete
Tangible Net Worth Ratio
—Data incomplete
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Veritas (India) Limited made a loss over the last year. Veritas (India) Limited owes ₹0.39 for every ₹1 it owns. Net profit fell 83% in the year to Mar 2026, and shrank 41% a year on average over 3 years.
Compared with Industrials companies in India · latest annual results Mar 2026.
P/E ratio
LossVeritas (India) Limited made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
0.14The share price is 0.14 times Veritas (India) Limited's book value per share, lower than almost all Industrials companies in India.
Market cap
₹388 CrThe total market value of all of Veritas (India) Limited's shares at today's price (share price × number of shares), smaller than 79% of Industrials companies in India. PosiCap size class: Micro Cap.
Net worth (book value)
₹2,864 CrWhat Veritas (India) Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹1,068Net worth divided by the number of shares. The share price of ₹144.85 is 0.1 times this, which is the P/B above.
Return on equity (ROE)
-0.0%Veritas (India) Limited lost 0.0% of its shareholders' money over the last year, lower than 92% of Industrials companies in India.
Owes vs Owns
0.39×Veritas (India) Limited owes ₹0.39 for every ₹1 it owns (low), lower than 55% of Industrials companies in India.
Dividend yield
0.04%Veritas (India) Limited pays 0.04% of its share price as dividends a year, lower than 98% of dividend-paying Industrials companies in India.
Revenue growth
-24%Revenue fell 24% in the year to Mar 2026, and grew 13% a year on average over 3 years.
Profit growth
-83%Net profit fell 83% in the year to Mar 2026, and shrank 41% a year on average over 3 years.
Profit margin
0.6%Veritas (India) Limited keeps ₹1 of every ₹100 of revenue as net profit.
Cash quality
-11.8×Cash from Veritas (India) Limited's business was -11.8× its reported profit in the year to Mar 2026 — the business used cash even though it reported a profit.
Interest cover
1.9×Veritas (India) Limited's operating profit covered its interest costs 1.9 times in the year to Mar 2026.
Cash vs debt
Net debtVeritas (India) Limited had ₹495 Cr more debt than cash (net debt) at Mar 2026.
Questions
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Veritas (India) Limited: ₹388 Cr ÷ ₹2,864 Cr (31 Mar 2026) = 0.1.
What is Veritas (India) Limited's return on equity?
Veritas (India) Limited lost 0.0% of its shareholders' money over the last year, lower than 92% of Industrials companies in India.
How much does Veritas (India) Limited owe compared with what it owns?
Veritas (India) Limited owes ₹0.39 for every ₹1 it owns (low), lower than 55% of Industrials companies in India.
Does Veritas (India) Limited pay a dividend?
Yes. Veritas (India) Limited pays 0.04% of its share price as dividends a year, lower than 98% of dividend-paying Industrials companies in India.
Is Veritas (India) Limited's revenue growing?
Revenue fell 24% in the year to Mar 2026, and grew 13% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.