Veritas (India) Limited
VERITAS
Rank in Stocks
#23808
Veritas (India) Limited trades in and distributes chemicals, such as polymers,... Veritas (India) Limited trades in and distributes chemicals, such as polymers, paper and paper boards, rubber products, heavy distillates, and petrochemicals in India and internationally. The company operates through four segments: Distribution & Development; Power Generation; Manufacturing; and Warehousing. It also trades in and distributes chemicals and petrochemicals, petroleum, and fertilizers. The company was formerly known as Duroflex Engineering Limited and changed its name to Veritas (India) Limited in April 2009. The company was incorporated in 1985 and is based in Mumbai, India. Veritas (India) Limited is a subsidiary of Swan Energy Limited.
Share Price
$1.44
Last synced: 2026-11-09
Market Cap
$38.54M
Change (1 day)
2.79%
Change (1 year)
-51.65%
Country
Stock data: Financial Modeling PrepΒ·Updated Β·Not investment adviceΒ·How we calculate this
Trade Veritas (India) Limited (VERITAS)
Category
Industrials
P/E ratio for Veritas (India) Limited (VERITAS)
P/E ratio as of November 2026 TTM: -482.17
According to Veritas (India) Limited's latest financial reports and stock price, its current price-to-earnings ratio (TTM) is -482.17. At the end of 2025 the company had a P/E ratio of 9.22.
P/E ratio history for Veritas (India) Limited from 2007 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | -482.17 | -5,329.57% |
| 2025 | 9.22 | -41.14% |
| 2024 | 15.67 | 287.40% |
| 2023 | 4.04 | 36.89% |
| 2022 | 2.95 | 75.52% |
| 2021 | 1.68 | 184.85% |
| 2020 | 0.59 | -81.78% |
| 2019 | 3.24 | -52.42% |
| 2018 | 6.82 | 48.65% |
| 2017 | 4.59 | -12.63% |
| 2016 | 5.25 | 82.35% |
| 2015 | 2.88 | 38.97% |
| 2014 | 2.07 | -36.65% |
| 2013 | 3.27 | -92.08% |
| 2012 | 41.26 | 54.35% |
| 2011 | 26.73 | -53.69% |
| 2010 | 57.72 | 615.96% |
| 2009 | 8.06 | -88.47% |
| 2008 | 69.93 | -71.40% |
| 2007 | 244.50 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 34.64 | -107.18% |
US
|
|
| 41.86 | -108.68% |
US
|
|
| 22.80 | -104.73% |
US
|
|
| 21.14 | -104.38% |
US
|
|
| -13.27 | -97.25% |
US
|
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.
Questions about Veritas (India) Limited's P/E ratio
What is Veritas (India) Limited's P/E ratio?
Veritas (India) Limited's P/E ratio is -482.17, as of Nov 2026.
What was Veritas (India) Limited's P/E ratio in 2025?
In 2025, Veritas (India) Limited's P/E ratio was 9.22, compared with 15.67 in 2024.
How has Veritas (India) Limited's P/E ratio changed since 2020?
From 2020 to 2025, Veritas (India) Limited's P/E ratio was highest in 2024 (15.67) and lowest in 2020 (0.59).
How does Veritas (India) Limited's P/E ratio compare with similar companies?
Veritas (India) Limited's P/E ratio (-482.17) is lower than that of all 5 similar companies listed above. The highest among them is Fastenal Company, with 41.86.