Risk factor
Very poor trading liquidity
Profitability factor
Weak growth
About
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.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is reasonably priced on P/E, of fair val