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VERITAS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of VERITAS (INDIA) is 9.33.

Share Price ₹312.2Oct 15,2025
Market Cap ₹836.6 Cr
Earnings-TTM₹89.6 CrTTM-Consolidated Results
Price/Earnings9.33xCalculated 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 [ ₹836.6 Cr] as on Oct 15,2025

(/) Earnings [ ₹89.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 9.33x ]

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 9.33 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 9.33x.

- 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) 89.649.33836.6
ADANI ENTERPRISES LTD6,753.2943.32292,556.0
REDINGTON LTD1,836.5611.7921,651.2
MMTC LTD74.59136.7910,203.0
HONASA CONSUMER LTD73.75125.669,268.2
LLOYDS ENTERPRISES LTD344.4730.4410,484.4
ENTERO HEALTHCARE SOLUTIONS LTD117.1440.434,735.7
OPTIEMUS INFRACOM LTD62.0493.585,806.0
POLO QUEEN INDUSTRIAL & FINTECH LTD2.70503.131,356.4
MSTC LTD416.919.133,804.4
SG MART LTD109.4439.154,284.6

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

Top 10 Industry PeersPE Ratio
Min industry PE 9.13x
Max industry PE 503.13x
Median industry PE 40.43x
Average industry PE 94.79x



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