VERITAS (INDIA)
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The Current P/E Ratio of VERITAS (INDIA) is 21.13.
| Share Price | ₹155.3 | Jun 08,2026 |
| Market Cap | ₹416.2 Cr | |
| Earnings-TTM | ₹19.7 Cr | TTM-Consolidated Results |
| Price/Earnings | 21.13x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of VERITAS (INDIA)
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹416.2 Cr] as on Jun 08,2026
(/) Earnings [ ₹19.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.13x ]
Thus, for VERITAS (INDIA) , the investors are currently willing to pay 21.13 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of VERITAS (INDIA) !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of VERITAS (INDIA) over the last five years.
Historical PE (Price/Earnings) ratio chart of VERITAS (INDIA)
PE Ratio Performance Analysis for VERITAS (INDIA)
- VERITAS (INDIA) 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 6.61x.
- VERITAS (INDIA) 's operated at median p/e ratio of 4x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VERITAS (INDIA) 's p/e ratio peaked in Mar2024 at 15.36x.
- VERITAS (INDIA) 's p/e ratio hit its five-year low in Mar2021 of 1.68x.
How does VERITAS (INDIA) 's P/E Ratio benchmark against top 10 peers in Trading Industry?
| Peer Comparison (Trading Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| VERITAS (INDIA) | 19.70 | 21.13 | 416.2 |
| ADANI ENTERPRISES LTD | 9,693.51 | 39.91 | 386,857.0 |
| PREMIER ENERGIES LTD | 1,504.57 | 32.86 | 49,437.6 |
| ADITYA INFOTECH LTD | 367.96 | 109.51 | 40,297.2 |
| AEGIS LOGISTICS LTD | 1,106.63 | 23.97 | 26,521.6 |
| REDINGTON LTD | 1,284.15 | 13.98 | 17,949.5 |
| RRP SEMICONDUCTOR LTD | -7.75 | -1,610.63 | 12,488.8 |
| HONASA CONSUMER LTD | 200.33 | 67.45 | 13,512.6 |
| LLOYDS ENTERPRISES LTD | 374.53 | 26.11 | 9,779.1 |
| MMTC LTD | 212.07 | 46.27 | 9,813.0 |
| CELLO WORLD LTD | 331.51 | 25.33 | 8,396.9 |
Trading Industry Benchmark (Top 10) PE Analysis vs VERITAS (INDIA) 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -1,610.63x |
| Max industry PE | 109.51x |
| Median industry PE | 26.11x |
| Average industry PE | -109.46x |
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