MarketFriction

Veritaas Advertising Ltd

NSE VERITAAS · Advertising & Media Agencies
₹31.60 +2.43%
NSE close2026-10-01
52 week range24.00 - 70.00
Market cap₹7.90 Cr.
P/E4.41
IPO 2024 · -72% since ASM short-term 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 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales4.625.736.918.257.207.55
Expenses3.473.845.646.045.166.23
Operating Profit1.151.891.272.212.041.32
OPM %24.89%32.98%18.38%26.79%28.33%17.48%
Other Income0.000.010.190.010.221.30
Interest0.090.160.160.300.370.47
Depreciation0.140.280.270.810.800.73
Profit before tax0.921.461.031.111.091.42
Tax %15.22%36.99%19.42%40.54%32.11%26.06%
Net Profit0.770.920.820.650.741.05
EPS in Rs85.564.432.902.302.623.72
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales2.303.377.7510.3515.1614.75
Expenses2.063.046.827.3011.6611.34
Operating Profit0.240.330.933.053.503.41
OPM %10.43%9.79%12.00%29.47%23.09%23.12%
Other Income0.040.020.120.010.201.52
Interest0.010.140.140.260.480.88
Depreciation0.000.050.240.421.091.53
Profit before tax0.270.160.672.382.132.52
Tax %25.93%31.25%35.82%28.57%30.52%28.57%
Net Profit0.200.130.431.701.481.79
EPS in Rs200.0014.4447.788.185.246.34
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%45%24%-3%
Compounded Profit Growth%55%61%21%
Stock Price CAGR%%%-59%
Return on Equity%23%22%14%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.010.090.092.082.822.82
Reserves0.240.370.791.589.0110.80
Borrowings0.000.751.342.175.688.33
Other Liabilities1.271.483.074.005.174.99
Total Liabilities1.522.695.299.8322.6826.94
Fixed Assets0.020.080.692.746.237.99
CWIP0.000.000.001.550.000.26
Investments0.000.000.000.000.000.11
Other Assets1.502.614.605.5416.4518.58
Total Assets1.522.695.299.8322.6826.94
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.05-0.400.382.29-1.031.42
Cash from Investing Activity-0.02-0.11-0.85-4.01-8.53-3.06
Cash from Financing Activity0.000.800.461.669.751.81
Net Cash Flow0.020.30-0.02-0.070.180.17
Free Cash Flow0.03-0.51-0.47-1.73-0.350.95
CFO/OP38%-91%70%81%-7%58%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days222.17177.63133.75128.37148.31157.38
Inventory Days0.000.001.0623.9239.9653.43
Days Payable171.33263.12208.42215.65
Cash Conversion Cycle222.17177.63-36.51-110.83-20.15-4.84
Working Capital Days26.986.509.891.06-21.672.23
ROCE %41.10%47.23%65.59%22.37%17.23%
Sep 2024Mar 2025Sep 2025Mar 2026
Promoters65.36%65.53%65.53%67.14%
FIIs3.06%2.47%2.34%2.21%
Public31.58%32.01%32.14%30.65%
No. of Shareholders298270256228

Fundamentals

Market Cap₹ 7.90 Cr.
Current Price₹ 28.0
Stock P/E4.41
Book Value₹ 48.2
ROCE17.2 %
ROE14.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)21%
Standalone figures.
Valuation
Market capRs 9 Cr
Enterprise valueRs 9 Cr
P/E (TTM)68.58x
Price to book19.38x
Price to sales2.65x
EV / EBITDA26.59x
EV / EBIT31.02x
EV / sales2.76x
Earnings yield1.46%
Profitability
Operating margin (excl. other income)9.79%
Operating margin (incl. other income)10.39%
EBITDA margin10.39%
Pre-tax margin4.75%
Net profit margin3.86%
ROE36.62%
ROCE41.10%
ROA6.18%
ROIC (approx.)24.26%
Tax rate31.25%
Other income / net worth4.35%
Growth
Sales growth (latest year)46.52%
Profit growth (latest year)-35.00%
Per share
EPS (TTM)Rs 0.46
EPS (latest year)Rs 14.44
Book value per shareRs 1.63
Sales per shareRs 11.94
Cash flow per shareRs -1.42
Free cash flow per shareRs 3.37
Efficiency
Asset turnover1.25x
Fixed asset turnover42.12x
Debtor days178 days
Debtors turnover2.05x
Creditor days216 days
Cash conversion cycle-5 days
Working capital days2 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity1.63x
Net debt / EBITDA1.11x
Interest coverage2.14x
Owners' fund to total sources17.10%
Debt to assets27.88%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 1 Cr
Cash from ops / profit, 5 years0.48x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 3 Cr
Share capitalRs 0 Cr
ReservesRs 0 Cr
Shareholders' fundsRs 0 Cr
Total assetsRs 3 Cr
Net blockRs 0 Cr
ReceivablesRs 2 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.28
Ownership
Promoter holding67.14%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodVERITAASNifty 50Difference
1 week+24.2%-2.8% +26.9 pts
1 month-12.9%-6.8% -6.2 pts
3 months-46.0%-7.6% -38.4 pts
6 months-63.5%+0.4% -63.9 pts
1 year-77.9%-9.9% -68.0 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -106% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 20% of total assets in 2026
lookOn NSE surveillance On NSE surveillance: ASM short-term
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 ₹8 Cr +31.8% vs Mar 2024. Net profit ₹1 Cr +14.1%.

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 daysSME scrip is not regularly tradedShort Term Additional Surveillance Measure (Short Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03