---
title: "Veritaas Advertising Ltd (VERITAAS) — Share Price, Financials & Analysis"
symbol: "VERITAAS"
company: "Veritaas Advertising Ltd"
canonical: "https://tapetide.com/stocks/VERITAAS"
isin: "INE0SRI01019"
nse_symbol: "VERITAAS"
sector: "Consumer Discretionary"
industry: "Media"
market_cap_cr: 8.12
generated_at: "2026-09-13T20:10:29.177Z"
---

# Veritaas Advertising Ltd (VERITAAS)

Canonical page: https://tapetide.com/stocks/VERITAAS

## Company

- **NSE Symbol:** VERITAAS
- **ISIN:** INE0SRI01019
- **Sector:** Consumer Discretionary
- **Industry:** Media
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-05-21
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** veritaasadvertising.com

## About

Incorporated in 2018, Veritaas Advertising 
Ltd is a marketing and advertising agency[1]

## Latest Price

- **Price:** ₹27.5
- **Change:** -1.25 (-4.35%)
- **Open:** ₹27.35
- **Day High:** ₹27.5
- **Day Low:** ₹27.35
- **Previous Close:** ₹28.75
- **Volume:** 2400
- **As Of:** 2026-09-11T08:17:09+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:49.780378Z.

- **Market Cap:** ₹8.12 Cr
- **Classification:** SME
- **P/E (reported):** 4.5
- **Book Value:** ₹48.25
- **Price to Book:** 0.6
- **Dividend Yield:** 0%
- **ROE:** 13.17%
- **ROCE:** 21.79%
- **Debt to Equity:** 0.61
- **Revenue (yearly):** ₹16.3 Cr
- **Net Income:** ₹1.8 Cr
- **EBITDA:** ₹4.9 Cr
- **52-Week High:** ₹74.9
- **52-Week Low:** ₹28.5
- **RSI (14):** 28.42

## Key Insights

### Strengths

- Stock is trading at 0.57 times its book value
- Promoter holding has increased by 1.61% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.1.52 Cr.
- Company has high debtors of 157 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 237.86% | -37.99% | 455% |
| ebitda margin growth | 25.61% | 1.97% | 328.86% |
| net income growth | 20% | 61% | 55% |
| revenue growth | 5.84% | 24% | 45% |
| roce | 6.76% | -61.07% | 38.6% |
| roe | 5.36% | 24.02% | -52.14% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.62 | 5.73 | 6.91 | 8.25 | 7.2 | 7.55 |
| Expenses | 3.47 | 3.84 | 5.64 | 6.04 | 5.16 | 6.23 |
| Operating Profit | 1.15 | 1.89 | 1.27 | 2.21 | 2.04 | 1.32 |
| OPM % | 24.89 | 32.98 | 18.38 | 26.79 | 28.33 | 17.48 |
| Other Income | 0 | 0.01 | 0.19 | 0.01 | 0.22 | 1.3 |
| Interest | 0.09 | 0.16 | 0.16 | 0.3 | 0.37 | 0.47 |
| Depreciation | 0.14 | 0.28 | 0.27 | 0.81 | 0.8 | 0.73 |
| Profit before tax | 0.92 | 1.46 | 1.03 | 1.11 | 1.09 | 1.42 |
| Tax % | 15.22 | 36.99 | 19.42 | 40.54 | 32.11 | 26.06 |
| Net Profit | 0.77 | 0.92 | 0.82 | 0.65 | 0.74 | 1.05 |
| EPS in Rs | 85.56 | 4.43 | 2.9 | 2.3 | 2.62 | 3.72 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.3 | 3.37 | 7.75 | 10.35 | 15.16 | 14.75 |
| Expenses | 2.06 | 3.04 | 6.82 | 7.3 | 11.66 | 11.34 |
| Operating Profit | 0.24 | 0.33 | 0.93 | 3.05 | 3.5 | 3.41 |
| OPM % | 10.43 | 9.79 | 12 | 29.47 | 23.09 | 23.12 |
| Other Income | 0.04 | 0.02 | 0.12 | 0.01 | 0.2 | 1.52 |
| Interest | 0.01 | 0.14 | 0.14 | 0.26 | 0.48 | 0.88 |
| Depreciation | 0 | 0.05 | 0.24 | 0.42 | 1.09 | 1.53 |
| Profit before tax | 0.27 | 0.16 | 0.67 | 2.38 | 2.13 | 2.52 |
| Tax % | 25.93 | 31.25 | 35.82 | 28.57 | 30.52 | 28.57 |
| Net Profit | 0.2 | 0.13 | 0.43 | 1.7 | 1.48 | 1.79 |
| EPS in Rs | 200 | 14.44 | 47.78 | 8.18 | 5.24 | 6.34 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.09 | 0.09 | 2.08 | 2.82 | 2.82 |
| Reserves | 0.24 | 0.37 | 0.79 | 1.58 | 9.01 | 10.8 |
| Borrowings | 0 | 0.75 | 1.34 | 2.17 | 5.68 | 8.33 |
| Other Liabilities | 1.27 | 1.48 | 3.07 | 4 | 5.17 | 4.99 |
| Total Liabilities | 1.52 | 2.69 | 5.29 | 9.83 | 22.68 | 26.94 |
| Fixed Assets | 0.02 | 0.08 | 0.69 | 2.74 | 6.23 | 7.99 |
| CWIP | 0 | 0 | 0 | 1.55 | 0 | 0.26 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0.11 |
| Other Assets | 1.5 | 2.61 | 4.6 | 5.54 | 16.45 | 18.58 |
| Total Assets | 1.52 | 2.69 | 5.29 | 9.83 | 22.68 | 26.94 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.05 | -0.4 | 0.38 | 2.29 | -1.03 | 1.42 |
| Cash from Investing Activity | -0.02 | -0.11 | -0.85 | -4.01 | -8.53 | -3.06 |
| Cash from Financing Activity | 0 | 0.8 | 0.46 | 1.66 | 9.75 | 1.81 |
| Net Cash Flow | 0.02 | 0.3 | -0.02 | -0.07 | 0.18 | 0.17 |
| Free Cash Flow | 0.03 | -0.51 | -0.47 | -1.73 | -0.35 | 0.95 |
| CFO/OP | 38 | -91 | 70 | 81 | -7 | 58 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 222.17 | 177.63 | 133.75 | 128.37 | 148.31 | 157.38 |
| Inventory Days | 0 | 0 | 1.06 | 23.92 | 39.96 | 53.43 |
| Days Payable | — | — | 171.33 | 263.12 | 208.42 | 215.65 |
| Cash Conversion Cycle | 222.17 | 177.63 | -36.51 | -110.83 | -20.15 | -4.84 |
| Working Capital Days | 26.98 | 6.5 | 9.89 | 1.06 | -21.67 | 2.23 |
| ROCE % | — | 41.1 | 47.23 | 65.59 | 22.37 | 17.23 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 65.36% | 65.53% | 65.53% | 67.14% |
| FIIs | 3.06% | 2.47% | 2.34% | 2.21% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 22.13% | 22.6% | 23.41% | 20.86% |
| Others | 9.45% | 9.4% | 8.73% | 9.79% |
| No. of Shareholders | 298 | 270 | 256 | 228 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 31.57 | Sell |
| EMA (10) | 31.5 | Sell |
| SMA (20) | 34.83 | Sell |
| EMA (20) | 34.83 | Sell |
| SMA (50) | 41.58 | Sell |
| EMA (50) | 41.83 | Sell |
| SMA (100) | 50.53 | Sell |
| EMA (100) | 49.56 | Sell |
| SMA (200) | 61.5 | Sell |
| EMA (200) | 65.45 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.02 | Neutral |
| MACD (12,26,9) | -4.31 | Sell |
| Stochastic (14,3,3) | 4.86 | Buy |
| ADX (14) | 27.86 | Buy |
| Williams %R (14) | -98.83 | Buy |
| ATR (14) | 2.15 | High Volatility |
| ROC (12) | -31.51 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 29.91 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 April 2026 - Veritaas Advertising clarifies April 8, 2026 share price movement is market-driven. | [General Updates 8 April 2026 - Veritaas Advertising clarifies April 8, 2026 share price movement is market-driven.](https://nsearchives.nseindia.com/corporate/VARITAAS_08042026192050_Clarificatory_Letter_signed.pdf) |
| 8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=VERITAAS&tabIndex=sme) |
| 6 May 2026 - Submitted SEBI PIT structural digital database compliance certificate for FY ended March 31, 2026. | [Structural Digital Database 6 May 2026 - Submitted SEBI PIT structural digital database compliance certificate for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/VARITAAS_06052026180430_SDD_Certificate_merged.pdf) |
| 6 April 2026 - Veritaas says corporate governance provisions are not applicable for quarter ended March 31, 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 6 April 2026 - Veritaas says corporate governance provisions are not applicable for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/VARITAAS_06042026150044_Corporate_Governance_Non-Applicability_signed.pdf) |
| 6 April 2026 - Submitted Regulation 74(5) depository confirmation certificate for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - Submitted Regulation 74(5) depository confirmation certificate for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/VARITAAS_06042026144301_Intimation_74_5__Veritaas_signed.pdf) |
| 6 April 2026 - Promoters disclosed no encumbrance on company shares for FY2026. | [General Updates 6 April 2026 - Promoters disclosed no encumbrance on company shares for FY2026.](https://nsearchives.nseindia.com/corporate/VARITAAS_06042026144613_Intimation_SAST_31_4_.pdf) |
| 5 February 2026 - Veritaas Advertising Limited has informed regarding price movement. | [General Updates 5 February 2026 - Veritaas Advertising Limited has informed regarding price movement.](https://nsearchives.nseindia.com/corporate/VARITAAS_05022026154316_NSE_Clarification.pdf) |
| 31 March 2026 - Promoter Debojyoti Banerjee acquired 33,600 shares (1.19%) on 31-03-2026; Form C enclosed. | [General Updates 31 March 2026 - Promoter Debojyoti Banerjee acquired 33,600 shares (1.19%) on 31-03-2026; Form C enclosed.](https://nsearchives.nseindia.com/corporate/VARITAAS_31032026182521_DB_Form_C.pdf) |
| 23 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results for year ended March 31, 2026. | [Trading Window 23 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results for year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/VARITAAS_23032026160939_Closure-Trading-Window_VAL_March2026.pdf) |
| 21 Jul - Published 8th AGM notice and e-voting details in newspapers; AGM on August 12, 2026. | [Copy of Newspaper Publication 21 Jul - Published 8th AGM notice and e-voting details in newspapers; AGM on August 12, 2026.](https://nsearchives.nseindia.com/corporate/VARITAAS_21072026125724_Newspaper_Advertisement.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29910_VERITAAS_2025_2026_A_24366527_20072026183306.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28065_VERITAAS_2024_2025_A_8283415_01092025175926.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26173_VERITAAS_2023_2024_07092024185014.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:10:29.177Z.