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VERITAS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of VERITAS (INDIA) is 24.03.

Share Price ₹176.7Jul 17,2026
Market Cap ₹473.4 Cr
Earnings-TTM₹19.7 CrTTM-Consolidated Results
Price/Earnings24.03xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of VERITAS (INDIA)

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of VERITAS (INDIA) is calculated as :

Current Market Cap [ ₹473.4 Cr] as on Jul 17,2026

(/) Earnings [ ₹19.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 24.03x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for VERITAS (INDIA) , the investors are currently willing to pay 24.03 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 latest p/e ratio is 24.03x.

- 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 RatioMarket Cap
VERITAS (INDIA) 19.7024.03473.4
ADANI ENTERPRISES LTD9,693.5144.13427,797.0
PREMIER ENERGIES LTD1,504.5732.7549,278.7
ADITYA INFOTECH LTD367.96115.8242,616.5
AEGIS LOGISTICS LTD1,106.6342.7847,346.4
REDINGTON LTD1,284.1516.7521,506.6
RRP SEMICONDUCTOR LTD-7.75-1,562.8112,118.0
HONASA CONSUMER LTD200.3376.0215,228.6
LLOYDS ENTERPRISES LTD374.5331.7311,884.2
MMTC LTD212.0744.929,526.5
CELLO WORLD LTD331.5124.318,060.1

Trading Industry Benchmark (Top 10) PE Analysis vs VERITAS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -1,562.81x
Max industry PE 115.82x
Median industry PE 32.75x
Average industry PE -100.87x



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