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VERITAS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of VERITAS (INDIA) is 8.89.

Share Price ₹460.9Mar 06,2025
Market Cap ₹1,235.1 Cr
Earnings-TTM₹139.0 CrTTM-Consolidated Results
Price/Earnings8.89xCalculated 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 [ ₹1,235.1 Cr] as on Mar 06,2025

(/) Earnings [ ₹139.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 8.89x ]

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 8.89 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 8.89x.

- 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) 138.978.891,235.1
ADANI ENTERPRISES LTD3,799.7368.44260,054.0
REDINGTON LTD1,226.7715.8019,380.2
MMTC LTD101.0380.318,113.5
HONASA CONSUMER LTD78.1892.287,214.3
LLOYDS ENTERPRISES LTD151.8236.235,500.7
ENTERO HEALTHCARE SOLUTIONS LTD97.1956.955,535.1
OPTIEMUS INFRACOM LTD57.5369.644,006.2
POLO QUEEN INDUSTRIAL & FINTECH LTD3.41832.242,840.5
MSTC LTD408.197.853,203.6
SG MART LTD103.8133.353,461.9

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

Top 10 Industry PeersPE Ratio
Min industry PE 7.85x
Max industry PE 832.24x
Median industry PE 56.95x
Average industry PE 118.36x



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