MarketFriction

Vera Synthetic Ltd

NSE VERA · Other Textile Products
₹86.25 +4.99%
NSE close2026-08-18
52 week range65.55 - 86.25
Market cap₹42.6 Cr.
P/E13.8
IPO 2018 · +116% since No trades in 30 days Price band 5% Delivery 100.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales14.7013.4317.4017.5819.6140.7121.5521.5623.3919.1126.0824.52
Expenses12.4213.3616.5715.3517.9337.7821.2120.2621.2317.5223.2221.81
Operating Profit2.280.070.832.231.682.930.341.302.161.592.862.71
OPM %15.51%0.52%4.77%12.68%8.57%7.20%1.58%6.03%9.23%8.32%10.97%11.05%
Other Income0.001.030.31-0.050.050.170.010.000.000.000.000.00
Interest0.070.090.070.090.070.160.050.050.000.000.000.00
Depreciation0.300.310.340.170.210.490.540.540.490.530.420.42
Profit before tax1.910.700.731.921.452.45-0.240.711.671.062.442.29
Tax %29.84%27.14%26.03%25.52%24.14%25.71%4.17%25.35%25.15%27.36%18.85%32.75%
Net Profit1.350.510.541.421.091.82-0.250.531.260.771.981.54
EPS in Rs2.741.031.092.882.213.69-0.511.072.551.564.013.12
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales24.3221.8918.1322.1533.7332.2927.7634.9840.7039.3842.1649.20
Expenses23.3721.0217.1719.8631.0329.2225.4331.9337.7735.7438.7345.02
Operating Profit0.950.870.962.292.703.072.333.052.933.643.434.18
OPM %3.91%3.97%5.30%10.34%8.00%9.51%8.39%8.72%7.20%9.24%8.14%8.50%
Other Income0.180.060.020.100.170.171.050.260.170.070.331.39
Interest0.350.130.100.370.250.190.160.160.160.080.000.00
Depreciation0.380.400.260.480.650.670.610.510.491.181.020.84
Profit before tax0.400.400.621.541.972.382.612.642.452.452.744.73
Tax %90.00%32.50%32.26%31.17%28.93%21.85%28.74%25.76%25.71%27.35%25.91%25.37%
Net Profit0.050.270.431.061.401.851.861.971.821.802.033.53
EPS in Rs0.281.502.392.942.843.753.773.993.693.654.117.15
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%12%7%17%
Compounded Profit Growth28%12%19%57%
Stock Price CAGR%24%18%%
Return on Equity12%11%10%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1.801.801.803.604.944.944.944.944.944.944.944.94
Reserves2.402.672.331.586.708.5510.4112.3814.2015.9918.0221.55
Borrowings1.270.810.855.011.761.401.821.681.130.000.030.03
Other Liabilities1.592.042.895.122.293.373.444.522.922.523.743.87
Total Liabilities7.067.327.8715.3115.6918.2620.6123.5223.1923.4526.7330.39
Fixed Assets2.412.401.063.453.974.014.473.056.086.575.654.84
CWIP0.370.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.002.03
Other Assets4.284.926.8111.8611.7214.2516.1420.4717.1116.8821.0823.52
Total Assets7.067.327.8715.3115.6918.2620.6123.5223.1923.4526.7330.39
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2.60-0.63-1.421.471.23-1.334.045.710.134.48
Cash from Investing Activity-2.66-2.85-1.14-0.66-0.920.93-3.51-1.64-5.28-3.34
Cash from Financing Activity-0.063.574.36-0.650.14-0.37-0.73-0.645.370.00
Net Cash Flow-0.120.091.800.160.45-0.77-0.203.440.221.14
Free Cash Flow2.53-0.63-1.420.790.29-1.380.264.060.024.81
CFO/OP292%-47%-32%67%108%-21%158%176%27%139%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days46.8345.6936.04136.2882.6792.0183.3689.0182.1527.0637.8332.42
Inventory Days13.1821.1531.9738.305.4628.5251.6030.2338.8668.8179.7052.94
Days Payable10.2316.107.0581.6216.3823.5033.4137.5714.657.5724.339.69
Cash Conversion Cycle49.7750.7460.9792.9671.7697.02101.5581.67106.3688.3093.2175.66
Working Capital Days20.8623.185.4445.9870.0186.02117.68134.61101.8880.17147.00134.58
ROCE %12.31%9.86%14.04%25.18%18.82%17.96%16.47%15.48%13.29%12.28%12.25%17.65%
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Promoters59.95%60.19%60.19%60.19%68.30%68.30%68.66%68.66%68.66%68.66%68.66%68.66%
Public40.05%39.80%39.82%39.82%31.70%31.70%31.34%31.34%31.34%31.34%31.34%31.34%
No. of Shareholders103106999897104109109108118115115

Fundamentals

Market Cap₹ 42.6 Cr.
Current Price₹ 86.2
Stock P/E13.8
Book Value₹ 53.7
ROCE17.6 %
ROE12.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)57%
Standalone figures.
Valuation
Market capRs 43 Cr
Enterprise valueRs 41 Cr
P/E (TTM)12.06x
Price to book1.61x
Price to sales0.87x
EV / EBITDA7.39x
EV / EBIT8.71x
EV / sales0.84x
Price to cash flow9.50x
Earnings yield8.29%
P/E, 3-year average13.32x
P/B, 3-year average1.31x
P/E, 5-year average13.26x
P/B, 5-year average1.31x
Profitability
Operating margin (excl. other income)8.50%
Operating margin (incl. other income)11.32%
EBITDA margin11.32%
Pre-tax margin9.61%
Net profit margin7.17%
ROE14.28%
ROCE19.11%
ROA12.36%
ROE, 3-year average10.84%
ROCE, 3-year average14.62%
ROA, 3-year average9.39%
ROE, 5-year average10.91%
ROCE, 5-year average14.53%
ROA, 5-year average8.98%
ROIC (approx.)14.06%
Tax rate25.37%
Other income / net worth5.25%
Growth
Sales growth (latest year)16.70%
Profit growth (latest year)73.89%
Sales CAGR, 3 years6.53%
Sales CAGR, 5 years12.13%
Profit CAGR, 3 years24.71%
Profit CAGR, 5 years13.67%
Per share
EPS (TTM)Rs 7.15
EPS (latest year)Rs 7.15
EPS, 3-year averageRs 4.97
EPS, 5-year averageRs 4.52
Book value per shareRs 53.68
Sales per shareRs 99.70
Cash flow per shareRs 9.08
Free cash flow per shareRs 9.75
Efficiency
Asset turnover1.62x
Fixed asset turnover10.17x
Inventory turnover7.32x
Inventory days50 days
Debtor days32 days
Debtors turnover11.26x
Creditor days10 days
Cash conversion cycle76 days
Working capital days135 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Debt to equity0.00x
Net debt / EBITDA-0.25x
Owners' fund to total sources87.17%
Debt to assets0.10%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years1.17x
Sales to cash flow10.98x
Statement figures
Net sales (TTM)Rs 49 Cr
Net sales (latest year)Rs 49 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 36 Cr
Total expenditure (latest year)Rs 45 Cr
Total income (latest year)Rs 51 Cr
Share capitalRs 5 Cr
ReservesRs 22 Cr
Shareholders' fundsRs 26 Cr
Total assetsRs 30 Cr
Net blockRs 5 Cr
InvestmentsRs 2 Cr
ReceivablesRs 4 Cr
InventoryRs 5 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.49
Ownership
Promoter holding68.66% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.1 is at the 31th percentile of its own 5.8-year range (median 17.8, low 6.8, high 51.2).
P/B 1.61 is at the 39th percentile (median 1.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodVERANifty 50Difference
1 week+21.5%-2.8% +24.3 pts
1 month+13.4%-6.8% +20.2 pts
3 months-3.7%-7.6% +3.9 pts
6 months+32.4%+0.4% +32.0 pts
1 year-34.7%-9.9% -24.7 pts
3 years+70.8%+14.2% +56.6 pts
5 years+195.9%+27.9% +168.0 pts

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹25 Cr +13.7% vs Mar 2024. Net profit ₹2 Cr +190.6%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is over

Quick answers

What is the market cap of Vera Synthetic Ltd?

Vera Synthetic Ltd (VERA) has a market capitalisation of Rs 42.6 Cr. at the 2026-08-18 close.

What is the P/E ratio of Vera Synthetic Ltd?

Vera Synthetic Ltd trades at a P/E of 13.8 on trailing twelve-month profit, at the 2026-08-18 close.

What were Vera Synthetic Ltd's latest quarterly results?

In the Mar 2026 quarter, Vera Synthetic Ltd sales was Rs 25 Cr (+13.7% vs Mar 2024) and net profit was Rs 2 Cr.

What is the 52-week high and low of Vera Synthetic Ltd?

The 52-week high is Rs 86.25 and the 52-week low is Rs 65.55.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03