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VERITAS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of VERITAS (INDIA) is 10.91.

Share Price ₹365.0Aug 21,2025
Market Cap ₹978.1 Cr
Earnings-TTM₹89.6 CrTTM-Consolidated Results
Price/Earnings10.91xCalculated 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 [ ₹978.1 Cr] as on Aug 21,2025

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

(=) P/E Ratio [ 10.91x ]

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 10.91 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 10.91x.

- VERITAS (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.92x.

- VERITAS (INDIA) 's operated at median p/e ratio of 2.97x 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 Mar2020 of 0.59x.


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) 89.6410.91978.1
ADANI ENTERPRISES LTD6,753.2940.64274,430.0
REDINGTON LTD1,836.5610.3118,934.6
MMTC LTD74.59130.809,756.0
HONASA CONSUMER LTD73.75132.299,757.1
LLOYDS ENTERPRISES LTD344.4732.8211,304.1
ENTERO HEALTHCARE SOLUTIONS LTD117.1446.055,393.8
OPTIEMUS INFRACOM LTD62.0485.605,310.7
POLO QUEEN INDUSTRIAL & FINTECH LTD2.70545.841,471.6
MSTC LTD416.917.893,290.1
SG MART LTD109.4439.844,360.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 7.89x
Max industry PE 545.84x
Median industry PE 40.64x
Average industry PE 98.45x



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