Veritas (India) Ltd. (BSE: 512229) is a Mumbai, Maharashtra-based company in the Chemical Distribution industry. With a market capitalisation of ₹396 Cr, it ranks #2,120 by market cap among the 6,189 Indian listed companies on FinBizNet, and #11 of 84 in Chemical Distribution. At ₹147.70 (as of 26 Oct 2026), the share price is 52.9% below its 52-week high of ₹313.85 and 11.7% above its 52-week low of ₹132.20. The share price is down 52.7% over one year and down 15.1% over three months.
| Current Price | ₹147.70 |
|---|---|
| Market Cap | ₹396 Cr |
| BSE Code | 512229 |
| Sector | Industrials > Capital Goods > Trading Companies and Distributors |
| Sub-Industry | Trading Companies and Distributors > Chemical Distribution |
| P/E Ratio | 20.1 |
| Return on Equity | 0.71% |
| Return on Assets | 0.75% |
| 52-Week Range | ₹132.20 – ₹313.85 |
| 1-Year Price Change | -52.7% |
| 3-Month Price Change | -15.1% |
| Beta (1Y) | 0.61 |
| Dividend Yield | 0.03% |
| Headquarters | Mumbai, Maharashtra |
| Website | www.veritasindia.net |
Veritas (India) Limited trades in and distributes chemicals, such as polymers, paper and paper boards, rubber products, heavy distillates, and petrochemicals in India and internationally. The company operates through four segments: Distribution & Development; Power Generation; Manufacturing; and Warehousing. It also trades in and distributes chemicals and petrochemicals, petroleum, and fertilizers. The company was formerly known as Duroflex Engineering Limited and changed its name to Veritas (India) Limited in April 2009. The company was incorporated in 1985 and is based in Mumbai, India. Veritas (India) Limited is a subsidiary of Swan Energy Limited.
1. Distribution & Development-This segment distributes polymers, paper and paper boards, rubber, heavy distillates, and other chemicals. It also develops software. 2. Power Generation-This segment generates wind energy. 3. Warehousing-This segment engages in warehousing business. 4. Manufacturing-This segment manufactures ceramic products.
1. Distribution & Development-97.9% 2. Warehousing-2.1%
| Company | Market Cap | P/E | ROE | Latest Qtr Revenue | 1Y Change |
|---|---|---|---|---|---|
| Mmtc Ltd. | ₹7,565 Cr | 19.5 | 20.27% | ₹1 Cr | -25.7% |
| Refex Industries Limited | ₹3,114 Cr | 12.6 | 17.82% | ₹916 Cr | -35.9% |
| Fischer Chemic Ltd. | ₹1,633 Cr | 53.8 | 8.63% | ₹82 Cr | -73.9% |
| The Yamuna Syndicate Ltd | ₹768 Cr | 14.8 | 4.03% | — | -27.1% |
| Shiv Aum Steels Limited | ₹734 Cr | 98.7 | 5.96% | ₹146 Cr | +80.0% |
| MEGAMONT LIMITED | ₹626 Cr | 94.2 | — | — | +380.1% |
| State Trading Corporation Of India Ltd. | ₹590 Cr | 23.8 | -0.54% | ₹0 Cr | -27.2% |
| Uniphos Enterprises Ltd. | ₹556 Cr | 26.9 | 0.80% | ₹0 Cr | -44.5% |
| Veritas (India) Ltd. | ₹396 Cr | 20.1 | 0.71% | — | -52.7% |
Listed by market capitalisation. Ratios are shown for context only.
Veritas (India) Ltd. is trading at ₹147.70, with a market capitalisation of ₹396 Cr.
Veritas (India) Ltd. operates in the Industrials > Capital Goods > Trading Companies and Distributors space (Trading Companies and Distributors > Chemical Distribution).
Veritas (India) Ltd. has a P/E of 20.1 and a return on equity of 0.71%.
Veritas (India) Ltd. is listed on the BSE under the scrip code 512229.
Veritas (India) Ltd.'s share price is down 52.7% over one year and down 15.1% over three months. Its 52-week range is ₹132.20 to ₹313.85.
Data as of 26 Oct 2026. Descriptive market data only — not investment advice.