| Quarterly Financials | Mar 2015 | Jun 2015 | Sept 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sept 2016 | Dec 2016 | Mar 2017 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 505 | 398 | 412 | 394 | 252 | 403 | 413 | 416 | 419 | 1,680 | 471 | 652 | 476 | 478 | 586 | 546 | 422 | 610 | 421 | 427 | 334 | 827 | 460 | 510 | 395 | 540 | 573 | 659 | 496 | 941 | 1,380 | 1,095 | 756 | 929 | 1,646 | 774 | 589 |
| Expenses | 491 | 382 | 394 | 375 | 237 | 385 | 394 | 397 | 392 | 1,601 | 439 | 608 | 445 | 448 | 554 | 454 | 392 | 559 | 379 | 384 | 287 | 780 | 432 | 476 | 367 | 503 | 533 | 618 | 453 | 884 | 1,269 | 1,044 | 691 | 867 | 1,592 | 759 | 551 |
| EBITDA | 14 | 16 | 18 | 19 | 15 | 18 | 18 | 19 | 28 | 79 | 32 | 44 | 32 | 31 | 33 | 92 | 30 | 51 | 43 | 43 | 47 | 47 | 29 | 34 | 29 | 37 | 40 | 41 | 42 | 57 | 111 | 51 | 65 | 61 | 53 | 15 | 39 |
| Operating Profit % | 3 % | 4 % | 4 % | 5 % | 6 % | 5 % | 4 % | 5 % | 6 % | 5 % | 6 % | 6 % | 6 % | 6 % | 5 % | 9 % | 7 % | 8 % | 10 % | 10 % | 14 % | 6 % | 6 % | 7 % | 7 % | 7 % | 7 % | 6 % | 9 % | 6 % | 4 % | 5 % | 9 % | 5 % | 3 % | 3 % | 6 % |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 25 | 7 | 7 | 7 | 10 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 16 | 9 | 10 | 10 | 10 | 10 |
| Interest | 2 | 1 | 2 | 1 | 2 | 3 | 2 | 2 | 3 | 7 | 12 | 18 | 9 | 9 | 8 | 9 | 7 | 6 | 6 | 5 | 6 | 5 | 2 | 6 | 4 | 4 | 6 | 4 | 8 | 6 | 6 | 11 | 8 | 14 | 13 | 6 | 5 |
| Profit Before Tax | 12 | 14 | 17 | 18 | 13 | 15 | 17 | 17 | 25 | 71 | 20 | 1 | 17 | 15 | 18 | 73 | 15 | 37 | 29 | 30 | 34 | 34 | 18 | 19 | 17 | 24 | 25 | 29 | 25 | 42 | 96 | 25 | 48 | 37 | 30 | -1 | 24 |
| Tax | 2 | 0 | 0 | 0 | 1 | 0 | 1 | -0 | 1 | 3 | 1 | 1 | 1 | -1 | 0 | -0 | 0 | 0 | -1 | 2 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -0 | 0 | 0 | -0 | 0 |
| Net Profit | 11 | 14 | 16 | 18 | 13 | 15 | 16 | 17 | 24 | 68 | 20 | 0 | 16 | 16 | 17 | 74 | 15 | 36 | 30 | 29 | 34 | 34 | 18 | 19 | 17 | 24 | 25 | 29 | 25 | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 |
| EPS in ₹ | 4.33 | 5.73 | 5.97 | 6.59 | 4.73 | 5.47 | 5.99 | 6.34 | 8.86 | 25.27 | 7.33 | 0.16 | 5.85 | 5.88 | 6.45 | 27.43 | 5.65 | 13.50 | 10.99 | 10.68 | 12.54 | 12.79 | 6.64 | 7.09 | 6.31 | 8.88 | 9.33 | 10.84 | 9.38 | 15.52 | 35.73 | 9.07 | 17.93 | 13.67 | 11.16 | -0.41 | 9.01 |
Veritas
Veritas
326.90
-6.45
(-1.93%)
There are new updates from the company14 hours ago
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Key Fundamentals
Market Cap
893.70 Cr
EPS
42.36
PE Ratio
9.78
Dividend Yield
0.02 %
Industry
Commercial Services 52 Week High
1,190.50
52 Week Low
333.00
PB Ratio
0.33
Debt to Equity
0.12
Sector
Trading & Distributors Actual
Company News
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Veritas Finance, a Chennai-based NBFC, has achieved unicorn status with a $1 billion valuation, becoming one of 11 companies to join India's unicorn list in 2025. The company skipped the Gazelle stage and went directly from Cheetah to Unicorn status. Founded in 2015 by Sheikh Abdullah, Arulmany Duraisamy and Vidya Arulmany, Veritas Finance focuses on providing loans to micro, small and medium enterprises (MSMEs). The company's loan book grew 28.93% to ₹7,349 crore in FY 2024-25, with Assets Under Management of ₹6,517 crores by September 2024. Total revenue reached ₹1,557.4 crore in FY25 with profit after tax of ₹292.19 crore. The company operates 494 branches across 11 states and has raised over ₹1,835 crore in equity funding since inception. Veritas Finance filed for an IPO worth ₹2,800 crore in January 2025. India now has 73 unicorns compared to 62 in 2024.
Veritas (India) Limited Sets September 19, 2025 as Record Date for Dividend and AGMAug 18, 2025
Veritas (India) Limited has announced September 19, 2025 as the record date for determining shareholder eligibility for dividend distribution and participation in the Annual General Meeting. This follows the company's earlier announcement dated August 13, 2025 regarding book closure for the same purposes. The announcement was signed by Arun Agarwal, Director & Company Secretary.
Veritas (India) Limited Issues Corrigendum to Correct Q1 Financial Results ErrorsAug 14, 2025
Veritas (India) Limited issued a corrigendum to correct minor errors in their previously submitted Q1 unaudited financial results. The corrections include adjustments to profit figures and rectification of typographical errors in the document headings. The standalone profit/loss figure was corrected from (53.66) lakhs to (53.65) lakhs, while the consolidated profit was adjusted from 2414.84 lakhs to 2414.82 lakhs. Additional typographical errors were corrected in the headings, where 'Audited' and 'Quarter and Nine months' were incorrectly mentioned instead of 'Un-audited' and 'Quarter'. The company attributed these errors to excel formula auto total decimal differences and stated they were unintentional. The corrected financial results have been uploaded on the company's website and submitted to BSE Limited.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
166.15 | #1 27,949.80 | 377.61 | 551.40 | 55,040.00 | 70 | 72.10 | 35.21 | |
276.90 | 21,878.00 | 19.10 | #1 99,561.70 | 11.11 | #1 1,821 | 7.37 | 55.68 | |
70.05 | 10,444.50 | 148.89 | 262.80 | 28.63 | 87 | 35.47 | 61.34 | |
380.90 | 3,724.20 | 85.21 | 299.41 | #1 8,85,900.00 | 20 | #1 1,157.89 | 61.22 | |
533.25 | 3,681.60 | 17.27 | 387.50 | -25.38 | 407 | 7.63 | 57.35 | |
168.08 | 2,960.10 | 56.69 | 262.20 | 79.10 | 23 | 307.14 | 55.63 | |
598.45 | 2,085.90 | 46.32 | 89.60 | 6,408.33 | 42 | 74.07 | 64.22 | |
149.70 | 1,903.60 | 39.07 | 312.50 | 136.92 | 40 | 208.70 | 46.15 | |
41.10 | 1,402.80 | 487.22 | 81.30 | 15.16 | 3 | 0.00 | 27.88 | |
36,500.00 | 1,121.90 | #1 10.27 | 67.60 | -16.34 | 115 | -19.54 | 47.04 |
Growth Rate
Revenue Growth
4.89 %
Net Income Growth
-39.22 %
Cash Flow Change
-48.16 %
ROE
-42.74 %
ROCE
-9.31 %
EBITDA Margin (Avg.)
-29.30 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,836 |
| Fixed Assets | 856 | 857 | 858 | 858 | 1,896 | 2,039 | 1,982 | 1,984 | 2,053 | 2,052 | 2,033 |
| Current Assets | 484 | 549 | 616 | 755 | 745 | 918 | 963 | 1,674 | 1,715 | 1,738 | 1,413 |
| Capital Work in Progress | 84 | 386 | 730 | 1,316 | 331 | 334 | 340 | 342 | 344 | 349 | 349 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 9 | 10 | 2 |
| Other Assets | 486 | 551 | 619 | 761 | 751 | 922 | 964 | 1,674 | 1,716 | 1,772 | 1,453 |
| Total Liabilities | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,836 |
| Current Liabilities | 326 | 256 | 291 | 818 | 583 | 657 | 497 | 1,251 | 1,106 | 409 | 896 |
| Non Current Liabilities | 76 | 422 | 736 | 871 | 698 | 749 | 815 | 640 | 711 | 1,264 | 275 |
| Total Equity | 1,024 | 1,116 | 1,180 | 1,247 | 1,697 | 1,889 | 1,974 | 2,111 | 2,304 | 2,510 | 2,666 |
| Reserve & Surplus | 1,021 | 1,113 | 1,177 | 1,244 | 1,694 | 1,886 | 1,971 | 2,109 | 2,301 | 2,508 | 2,663 |
| Share Capital | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 3 | 72 | -38 | 9 | 15 | -13 | 4 | 0 | 1 | 11 | 22 |
| Investing Activities | -85 | -303 | -346 | -587 | -77 | -71 | -10 | 27 | -3 | -32 | 19 |
| Operating Activities | -25 | 156 | 80 | 279 | 226 | 145 | 144 | 121 | 81 | 56 | 29 |
| Financing Activities | 113 | 219 | 228 | 317 | -133 | -87 | -130 | -148 | -76 | -13 | -27 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 65.23 % | 65.23 % | 65.23 % | 65.23 % | 63.36 % | 63.36 % | 56.79 % | 22.83 % | 63.37 % | 55.01 % | 55.01 % | 55.01 % | 55.01 % | 55.01 % | 55.01 % | 55.01 % | 55.01 % | 55.01 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 9.91 % | 0.00 % | 9.71 % | 9.71 % | 9.71 % | 9.70 % | 9.70 % | 9.70 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.14 % | 0.14 % | 0.14 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 6.50 % | 6.25 % | 6.19 % | 6.18 % | 6.60 % | 6.42 % | 6.40 % | 6.63 % | 6.51 % | 12.62 % | 12.69 % | 13.01 % | 12.93 % | 13.14 % | 13.19 % | 13.40 % | 13.28 % | 13.97 % |
| Others | 28.27 % | 28.52 % | 28.58 % | 28.60 % | 30.04 % | 30.22 % | 36.81 % | 70.54 % | 30.12 % | 32.37 % | 22.39 % | 31.98 % | 22.35 % | 22.14 % | 22.09 % | 21.75 % | 21.87 % | 21.18 % |
| No of Share Holders | 868 | 1,149 | 1,604 | 2,523 | 3,236 | 3,122 | 3,084 | 2,746 | 2,878 | 3,015 | 3,069 | 3,142 | 3,248 | 3,948 | 4,664 | 5,666 | 6,420 | 6,829 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Dividend Yield (%) | 0.00 | 0.03 | 0.09 | 0.19 | 0.07 | 0.04 | 0.04 | 0.00 | 0.01 | 0.01 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 23 Sept 2021 |  Dividend | ₹ 0.05 /share | 22 Sept 2021 | 121.80 | 169.15 |
| 24 Sept 2022 | Dividend | ₹ 0.05 /share | 22 Sept 2022 | 126.95 | 123.40 |
| 03 May 2023 |  Extraordinary General Meeting | NA | 03 May 2023 | 145.45 | 143.95 |
| 15 Sept 2023 | Dividend | ₹ 0.05 /share | 15 Sept 2023 | 155.55 | 241.05 |
| 21 Mar 2024 | Extraordinary General Meeting | NA | 21 Mar 2024 | 732.50 | 969.55 |
| 17 Sept 2024 | Dividend | ₹ 0.05 /share | 17 Sept 2024 | 1,389.45 | 939.50 |
| 24 Sept 2024 |  Annual General Meeting | NA | 24 Sept 2024 | 1,104.10 | 1,000.15 |
| 13 Nov 2024 |  Quarterly Result Announcement | NA | 13 Nov 2024 | 968.75 | 959.00 |
| 12 Feb 2025 | Quarterly Result Announcement | NA | 12 Feb 2025 | 624.90 | 635.50 |
| 29 May 2025 | Quarterly Result Announcement | NA | 29 May 2025 | 391.20 | 406.20 |
| 13 Aug 2025 | Quarterly Result Announcement | NA | 13 Aug 2025 | 384.30 | 379.65 |
| 19 Sept 2025 | Dividend | ₹ 0.05 /share | 19 Sept 2025 | 406.20 | 369.40 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 375.15 | 360.40 |
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
14 hours ago
14 hours agoAnnouncement under Regulation 30 (LODR)-Change in Management10 days ago
10 days agoShareholder Meeting / Postal Ballot-Scrutinizers Report10 days ago
10 days agoShareholder Meeting / Postal Ballot-Outcome of AGM10 days ago
10 days agoClosure of Trading WindowSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 08, 2025
Sep 08, 2025Business Responsibility and Sustainability Reporting (BRSR)Sep 04, 2025
Sep 04, 2025Notice Of 40Th Annual General MeetingSep 04, 2025
Sep 04, 2025Reg. 34 (1) Annual Report.Sep 04, 2025
Sep 04, 2025Fixes Record Date For Dividend And Annual General MeetingAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 18, 2025
Aug 18, 2025Corrigendum To Letter Dated August 13 2025 Regarding Q1 Un-Audited Financial ResultsAug 14, 2025
Aug 14, 2025Fixes Book Closure For Dividend And Annual General MeetingAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 13, 2025
Aug 13, 2025Financial Results (Standalone And Consolidated) For The Quarter Ended 30/06/2025Aug 13, 2025
Aug 13, 2025Board Meeting Outcome for Outcome Of Board MeetingAug 13, 2025
Aug 13, 2025Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2025.Aug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 09, 2025
Jul 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 04, 2025
Jul 04, 2025Closure of Trading WindowJun 25, 2025
Jun 25, 2025General UpdatesJun 02, 2025
Jun 02, 2025Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)Jun 02, 2025
Jun 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 31, 2025
May 31, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesMay 29, 2025
May 29, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 29, 2025
May 29, 2025Result For Mar 2025May 29, 2025
May 29, 2025Board Meeting Intimation for Notice Of Board MeetingMay 22, 2025
May 22, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 08, 2025
Apr 08, 2025Closure of Trading WindowMar 26, 2025
Mar 26, 2025Board Meeting Outcome for Outcome Of Board Meeting Dated 03/03/2025.Mar 03, 2025
Mar 03, 2025Integrated Filing (Financial)Feb 17, 2025
Feb 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 13, 2025
Feb 13, 2025Board Meeting Outcome for Financial Results For The Quarter Ended 31/12/2024Feb 12, 2025
Feb 12, 2025Financial Results For The Quarter Ended 31/12/2024Feb 12, 2025
Feb 12, 2025Board Meeting Intimation for Intimation Of Board Meeting - Regulation 29(1) Of The SEBI (LODR) Regulations 2015.Feb 05, 2025
Feb 05, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 14, 2025
Jan 14, 2025Closure of Trading WindowDec 30, 2024
Dec 30, 2024Announcement under Regulation 30 (LODR)-Resignation of DirectorDec 16, 2024
Dec 16, 2024Announcement under Regulation 30 (LODR)-Resignation of DirectorDec 13, 2024
Dec 13, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 14, 2024
Nov 14, 2024Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2024.Nov 13, 2024
Nov 13, 2024Board Meeting Outcome for Board Meeting Outcome For Board Meeting Held On November 13, 2024Nov 13, 2024
Nov 13, 2024Board Meeting Intimation for Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2024Nov 06, 2024
Nov 06, 2024Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Oct 07, 2024
Oct 07, 2024Closure of Trading WindowSep 27, 2024
Sep 27, 2024Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportSep 25, 2024
Sep 25, 2024Technical Indicators
RSI(14)
Oversold 14.88
ATR(14)
Volatile 10.18
STOCH(9,6)
Oversold 4.30
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -3.56
ADX(14)
Strong Trend 27.78
UO(9)
Bullish 20.24
ROC(12)
Downtrend And Accelerating -10.72
WillR(14)
Oversold -99.57
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