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VERITAS (INDIA)
PS (Price/Sales) Ratio

The Current P/S Ratio of VERITAS (INDIA) is 1.20.

Share Price ₹1,528.2Apr 26,2024
Market Cap ₹4,095.4 Cr
Sales-TTM₹3,419.0 CrTTM-Consolidated Results
Price/Sales1.20xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of VERITAS (INDIA)

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

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

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

Current Market Cap [ ₹4,095.4 Cr] as on Apr 26,2024

(/) Sales [ ₹3,419.0 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.20x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for VERITAS (INDIA) , the investors are currently willing to pay '1.20 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of VERITAS (INDIA) !

The chart below summarizes the trend in P/S Ratio of VERITAS (INDIA) over the last five years.

Historical PS (Price/Sales) ratio chart of VERITAS (INDIA)


PS Ratio Performance Analysis for VERITAS (INDIA)

- VERITAS (INDIA) 's latest p/e ratio is 1.20x.

- VERITAS (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.11x.

- VERITAS (INDIA) 's operated at median p/e ratio of 0.1x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, VERITAS (INDIA) 's p/e ratio peaked in Mar2023 at 0.18x.

- VERITAS (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0.04x.


How does VERITAS (INDIA) 's P/S Ratio benchmark against top 10 peers in Trading Industry?

Peer Comparison (Trading Industry)Sales (Cr)PS RatioMarket Cap (Cr)
VERITAS (INDIA) 3,419.01.204,095.4
ADANI ENTERPRISES LTD107,638.03.26351,109.0
REDINGTON LTD88,760.90.2017,402.3
HONASA CONSUMER LTD1,777.07.8313,911.7
MMTC LTD712.916.0611,448.0
MSTC LTD748.38.566,407.1
LLOYDS ENTERPRISES LTD866.35.434,703.1
NOVARTIS INDIA LTD330.07.892,605.1
OPTIEMUS INFRACOM LTD1,378.11.742,396.3
MISHTANN FOODS LTD409.64.871,992.8
SIRCA PAINTS INDIA LTD297.45.881,747.6

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.20x
Max industry PS 16.06x
Median industry PS 5.43x
Average industry PS 5.72x



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