Hindustan Organic vs Indogulf Cropsciences vs Veritas India: Which Stock Should You Track

Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India) starts with the core numbers most investors compare within the chemicals and agro-chemicals segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the chemicals and agro-chemicals bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India): Company Overview

Hindustan Organic Chemicals is a listed Indian company in the chemicals and agro-chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 419 crore, a return on equity of -1.93% and a book value of Rs 48.41 per share. Its quarterly revenue moved from Rs 169.08 crore in June 2025 to Rs 100.29 crore in June 2026, a change of -40.7%.

Indogulf Cropsciences is a listed Indian company in the chemicals and agro-chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 357 crore, a return on equity of 8.41% and a book value of Rs 72.59 per share. Its quarterly revenue moved from Rs 190.30 crore in June 2025 to Rs 169.44 crore in June 2026, a change of -11.0%.

Veritas (India) is a listed Indian company in the chemicals and agro-chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 365 crore, a return on equity of 0.69% and a book value of Rs 1068.34 per share. Its quarterly revenue moved from Rs 589.44 crore in June 2025 to Rs 898.05 crore in June 2026, a change of +52.4%.

Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India): Valuation and Profitability Snapshot

Metric	Hindustan Organic Chemicals	Indogulf Cropsciences	Veritas (India)
Market Cap (approx.)	Rs 419 crore	Rs 357 crore	Rs 365 crore
PE Ratio (TTM)	NA	9.42	NA
PB Ratio	1.29	0.78	0.13
Return on Equity (ROE)	-1.93%	8.41%	0.69%
EPS (TTM, Rs)	-0.38	6.00	-0.29
Dividend Yield	0.00%	0.00%	0.04%
Debt to Equity	0.28	0.39	0.18
Book Value per Share (Rs)	48.41	72.59	1068.34

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On valuation, Hindustan Organic Chemicals trades at a PE of NA and a PB of 1.29, Indogulf Cropsciences at a PE of 9.42 and a PB of 0.78, while Veritas (India) trades at a PE of NA and a PB of 0.13. On return on equity, the three post -1.93%, 8.41% and 0.69% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.04%. Hindustan Organic Chemicals has the highest market capitalisation of the three at Rs 419 crore, while Indogulf Cropsciences has the lowest at Rs 357 crore. Indogulf Cropsciences has the highest return on equity of the three at 8.41%, while Hindustan Organic Chemicals has the lowest at -1.93%. Indogulf Cropsciences has the highest debt to equity ratio of the three at 0.39, while Veritas (India) has the lowest at 0.18. Debt to equity is 0.28, 0.39 and 0.18 for the three respectively.

Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India): Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Hindustan Organic Chemicals	Rs 100.29 crore	Rs 3.84 crore	-40.7%	-28.2%	NA
Indogulf Cropsciences	Rs 169.44 crore	Rs 2.41 crore	-11.0%	+10.9%	-37.7%
Veritas (India)	Rs 898.05 crore	Rs 3.66 crore	+52.4%	+69.0%	-84.8%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India): Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India), which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Hindustan Organic Chemicals	Indogulf Cropsciences	Veritas (India)
June 2025	Rs 169.08 crore	Rs 190.30 crore	Rs 589.44 crore
September 2025	Rs 131.37 crore	Rs 250.30 crore	Rs 1,006.07 crore
December 2025	Rs 152.87 crore	Rs 118.64 crore	Rs 988.40 crore
March 2026	Rs 139.70 crore	Rs 152.82 crore	Rs 531.46 crore
June 2026	Rs 100.29 crore	Rs 169.44 crore	Rs 898.05 crore

Quarterly net profit (Rs crore)

Quarter	Hindustan Organic Chemicals	Indogulf Cropsciences	Veritas (India)
June 2025	-Rs 6.22 crore	Rs 3.87 crore	Rs 24.15 crore
September 2025	-Rs 18.17 crore	Rs 20.69 crore	Rs 0.60 crore
December 2025	-Rs 3.88 crore	Rs 3.86 crore	Rs 10.88 crore
March 2026	Rs 15.69 crore	Rs 11.61 crore	-Rs 15.93 crore
June 2026	Rs 3.84 crore	Rs 2.41 crore	Rs 3.66 crore

Hindustan Organic Chemicals reported revenue of Rs 169.08 crore in June 2025 and Rs 100.29 crore in June 2026, a change of -40.7% across the period. Its highest quarterly revenue in this window was Rs 169.08 crore in June 2025. Net profit stood at Rs 3.84 crore in June 2026, which is a net profit margin of 3.83%. Hindustan Organic Chemicals reported a net loss in June 2025, September 2025 and December 2025.

Indogulf Cropsciences reported revenue of Rs 190.30 crore in June 2025 and Rs 169.44 crore in June 2026, a change of -11.0% across the period. Its highest quarterly revenue in this window was Rs 250.30 crore in September 2025. Net profit stood at Rs 2.41 crore in June 2026, which is a net profit margin of 1.42%.

Veritas (India) reported revenue of Rs 589.44 crore in June 2025 and Rs 898.05 crore in June 2026, a change of +52.4% across the period. Its highest quarterly revenue in this window was Rs 1,006.07 crore in September 2025. Net profit stood at Rs 3.66 crore in June 2026, which is a net profit margin of 0.41%. Veritas (India) reported a net loss in March 2026.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three chemicals and agro-chemicals names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as raw material prices, crop cycles, product pricing, working capital needs and the small operating base. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India) directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India) highlights how differently three companies in the same chemicals and agro-chemicals segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India)

What is the market cap difference between Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India)?

Ans. As of October 2026, Hindustan Organic Chemicals has a market cap of approximately Rs 419 crore, Indogulf Cropsciences is at approximately Rs 357 crore, and Veritas (India) is at approximately Rs 365 crore. Hindustan Organic Chemicals is the largest of the three, and its market capitalisation is about 1.2 times that of Indogulf Cropsciences, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India) comparison.

What are the PE and PB ratios of Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India)?

Ans. As of October 2026, the PE ratios stand at NA, 9.42 and NA respectively, and the price to book ratios stand at 1.29, 0.78 and 0.13 respectively. A PE of NA for Hindustan Organic Chemicals and Veritas (India) means trailing twelve month earnings were negative or not available, so the multiple cannot be read in the usual way. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for chemicals and agro-chemicals and against each company's own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.

Which of the three has the highest ROE?

Ans. Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India) post ROE of -1.93%, 8.41% and 0.69% respectively as of October 2026. Indogulf Cropsciences has the highest return on equity of the three at 8.41%, while Hindustan Organic Chemicals has the lowest at -1.93%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India) figures.

Which of these three stocks pays the highest dividend yield?

Ans. Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India) carry dividend yields of 0.00%, 0.00% and 0.04% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.

What is the debt to equity ratio for Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India)?

Ans. Hindustan Organic Chemicals carries a debt to equity of 0.28, Indogulf Cropsciences of 0.39, and Veritas (India) of 0.18. Indogulf Cropsciences has the highest debt to equity ratio of the three at 0.39, while Veritas (India) has the lowest at 0.18. The debt to equity ratio compares total borrowings with shareholders' funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in chemicals and agro-chemicals need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India) comparison.

What were the latest quarterly revenue and net profit of Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India)?

Ans. For Q1 FY27 (quarter ended June 2026), Hindustan Organic Chemicals reported revenue of Rs 100.29 crore and net profit of Rs 3.84 crore, Indogulf Cropsciences reported revenue of Rs 169.44 crore and net profit of Rs 2.41 crore, and Veritas (India) reported revenue of Rs 898.05 crore and net profit of Rs 3.66 crore. Compared with the quarter ended June 2025, revenue changed by -40.7% for Hindustan Organic Chemicals, -11.0% for Indogulf Cropsciences and +52.4% for Veritas (India). A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India) results.

Does this comparison recommend one of Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India)?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in chemicals and agro-chemicals, it also helps to look at factors such as raw material prices, crop cycles, product pricing, working capital needs and the small operating base. Reading the latest filings and investor presentations of Hindustan Organic Chemicals, Indogulf Cropsciences and Veritas (India) directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Hindustan Organic Chemicals vs Indogulf Cropsciences vs Veritas (India).