Veritas (India) share price & results
- Jun 2026
- Sept 2026
Mumbai-based trading and distribution company for petroleum and petroleum products, operating through domestic and overseas (UAE, Singapore) subsidiaries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 0.00 | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Operating margin | 2.2 | −3.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.68 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | -0.03 | −3.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -7.49 | −8.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -12.87 | −30.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −52.9% 1Y
1Y: ₹312.15 on 24 Oct 2025 → ₹147. High ₹312.15 (24 Oct 2025), low ₹134.85 (30 Mar 2026).
- Previous close
- ₹148.9
- Market cap
- ₹442 Cr
- 52-week range
- ₹134.85 – ₹306.05
- One year
- −51.97%
- Price to earnings (FY ending Mar 2026)
- 22.10×
- Return on equity (TTM to Jun 2026)
- -0.03%
Overview
- Symbol
- NSE:VERITAS
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Veritas (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Veritas (India) Limited is engaged in the trading and distribution of petroleum and petroleum products, sourcing and supplying fuels, lubricants and related products both domestically and for export. It is a subsidiary of Swan Corp Limited (formerly Swan Energy Limited) and conducts business through seven subsidiaries — three domestic and four overseas in the UAE (Dubai, Sharjah) and Singapore. Its overseas facility in the Hamriyah Free Zone, Sharjah, includes storage tanks and refinery units used for international trading operations. Following a change in management control in November 2024 and a fire-related disruption at the Sharjah facility in May 2025, the company has curtailed parts of its product portfolio and is restructuring/right-sizing its organisation.
Segments
- Petroleum products trading & distribution
- International trading operations
- Subsidiaries
- 7 (3 domestic, 4 overseas — UAE & Singapore)
- Overseas trading/storage facility
- 1 (storage tanks & refinery units, Hamriyah Free Zone, Sharjah, UAE)
- Countries of operation
- India, UAE, Singapore
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 142 | 109 | 10 | 0 | 7 | 12 | 5 | 0 |
| Expenses | 141 | 107 | 9 | 2 | 7 | 8 | 10 | 2 |
| Operating profit | 1 | 2 | 1 | -2 | -0 | 4 | -5 | -2 |
| Operating margin | 1.1% | 1.4% | 8.4% | 6.1% | −1.9% | 34.6% | −117.8% | 2.2% |
| Other income | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | 1 | -1 | 0 | 5 | -5 | -1 |
| Tax rate | 22.5% | 20.7% | −19.3% | −8.6% | 0.0% | 15.7% | −15.3% | −6.8% |
| Net profit | 1 | 1 | 1 | -1 | 0 | 4 | -4 | -1 |
| EPS (₹ per share) | 0.44 | 0.53 | 0.25 | -0.20 | 0.01 | 1.52 | -1.62 | -0.25 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 2,163 | 245 | 323 | 24 |
| Expenses | 2,020 | 240 | 319 | 27 |
| Operating profit | 143 | 5 | 4 | -3 |
| Other income | 4 | 2 | 2 | 2 |
| Interest | 18 | 0 | 1 | 0 |
| Depreciation | 35 | 3 | 0 | 0 |
| Profit before tax | 95 | 5 | 5 | -1 |
| Net profit | 95 | 4 | 4 | -1 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 182 | 186 | 190 | 194 | 2,751 | 193 |
| Borrowings | 0 | 0 | 12 | 14 | 254 | 30 |
| Other liabilities | 364 | 306 | 298 | 281 | 1,309 | 277 |
| Total liabilities | 549 | 495 | 503 | 492 | 4,317 | 503 |
| Fixed assets | 3 | 3 | 2 | 1 | 2,056 | 1 |
| Capital work in progress | 0 | 0 | 0 | 0 | 349 | 0 |
| Investments | 374 | 387 | 388 | 379 | 1 | 383 |
| Other assets | 172 | 105 | 113 | 112 | 1,910 | 119 |
| Total assets | 549 | 495 | 503 | 492 | 4,317 | 503 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 22 | 43 | 11 | -10 | -11 | -12 |
| Cash from investing | -21 | -43 | -11 | 1 | 9 | -3 |
| Cash from financing | -0 | -0 | -0 | 9 | 1 | 16 |
| Net cash flow | -0 | -0 | 0 | 0 | -1 | 0 |
| Free cash flow | 22 | 43 | 11 | -10 | -10 | -12 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 167 | 80 | 69 | 20 | 1 | 97 |
| Inventory days | 0 | 84 | 74 | 64 | 49 | — |
| Days payable | 140 | 251 | 126 | 53 | 92 | — |
| Cash conversion cycle | 27 | -87 | 18 | 30 | -43 | 97 |
| Working capital days | 51 | -72 | 38 | 39 | -29 | -668 |
| Return on capital employed | 4.8% | 4.2% | 2.5% | 4.0% | 3.1% | −0.3% |
| Dividend payout | 2.0% | 2.2% | 3.4% | 3.5% | 3.1% | −17.9% |
Ownership
Who owns it
Promoters hold 55.01% as of Sept 2026; institutions added 0.15 pts since Jun 2026.
- Promoters 55.01%
- Foreign institutions 9.85%
- Domestic institutions 0.00%
- Public 35.14%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 55.01% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Veritas (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 55.01% | newly disclosed | |
| 11.19% | unchanged | |
| Corporate | 9.70% | unchanged |
| 5.77% | unchanged | |
| 3.73% | unchanged | |
| 2.59% | unchanged | |
| 1.64% | unchanged | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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