Veritaas Advertising Ltd
Veritas Advertising Limited, incorporated on July 31, 2018, is a dynamic agency offering comprehensive 360-degree advertising services across various platforms.[1]
- Market Cap ₹ 40.4 Cr.
- Current Price ₹ 143
- High / Low ₹ 289 / 125
- Stock P/E 23.8
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 117 %
- ROE 189 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 117%
- Debtor days have improved from 137 to 100 days.
- Company's working capital requirements have reduced from 56.0 days to 39.5 days
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 2.30 | 3.37 | 7.75 | 10.35 | |
| 2.06 | 3.04 | 6.71 | 7.31 | |
| Operating Profit | 0.24 | 0.33 | 1.04 | 3.04 |
| OPM % | 10.43% | 9.79% | 13.42% | 29.37% |
| 0.04 | 0.02 | 0.12 | 0.01 | |
| Interest | 0.01 | 0.14 | 0.25 | 0.25 |
| Depreciation | 0.00 | 0.05 | 0.24 | 0.42 |
| Profit before tax | 0.27 | 0.16 | 0.67 | 2.38 |
| Tax % | 25.93% | 31.25% | 34.33% | 28.57% |
| 0.20 | 0.13 | 0.44 | 1.70 | |
| EPS in Rs | 200.00 | 14.44 | 48.89 | 8.18 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 104% |
| TTM: | 286% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 117% |
| Last Year: | 189% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 0.09 | 0.09 | 2.08 |
| Reserves | 0.24 | 0.37 | 0.81 | 1.58 |
| 0.00 | 0.75 | 1.34 | 2.17 | |
| 1.27 | 1.48 | 3.07 | 3.99 | |
| Total Liabilities | 1.52 | 2.69 | 5.31 | 9.82 |
| 0.02 | 0.08 | 0.69 | 2.73 | |
| CWIP | 0.00 | 0.00 | 0.00 | 1.55 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.50 | 2.61 | 4.62 | 5.54 | |
| Total Assets | 1.52 | 2.69 | 5.31 | 9.82 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 0.05 | -0.40 | 0.38 | 2.29 | |
| -0.02 | -0.11 | -0.85 | -4.01 | |
| 0.00 | 0.80 | 0.46 | 1.66 | |
| Net Cash Flow | 0.02 | 0.30 | -0.02 | -0.07 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 222.17 | 177.63 | 133.75 | |
| Inventory Days | 0.00 | 0.00 | 1.06 | |
| Days Payable | 171.33 | |||
| Cash Conversion Cycle | 222.17 | 177.63 | -36.51 | |
| Working Capital Days | 26.98 | 75.82 | 52.75 | |
| ROCE % | 41.10% | 53.33% |
Documents
Announcements
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
12 July 2024 - Veritaas Advertising Limited has informed Non-Applicability of the provisions relating to Corporate Governance as specified in the SEBI (LODR) Regulations 2015
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
12 July 2024 - Veritaas Advertising Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Press Release
12 June 2024 - Veritaas Advertising Limited has informed regarding a press release dated Jun 11, 2024, titled "Press Release on Financial Results for the year ended March 31, …
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Financial Result Updates
11 June 2024 - Veritaas Advertising Limited has submitted to the Exchange, the financial results for the period ended March 31, 2024.
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Outcome of Board Meeting
11 June 2024 - Veritaas Advertising Limited has informed regarding Board meeting held on Jun 11, 2024.
Annual reports
No data available.
Business Profile[1] The company is a marketing and advertising agency with their own advertising spaces in West Bengal, Guwahati, and Shillong. The company also operates in Delhi, Mumbai, and Pune.