
DMAT
PUBLIC LIMITED
Price Chart
High
₹420
Low
₹338.9
Return
-16.12%
ISIN
INE1K1L01010
Face Value
10
Total Shares
2,00,00,000
Market Cap
687.8 Cr
Profit After Tax
0 None
Total Revenue
0 None
Sector
Telecom
Sub-sector
Telecom Infrastructure
Category
Micro Cap
● Established in 2013 and headquartered in Chennai, Veremax is an unlisted public company operating in the Telecom Infrastructure sector, holding critical IP-1 (Infrastructure Provider) and ISP licenses.
● The company functions as an EPC (Engineering, Procurement, and Construction) contractor, specializing in the installation of optical fiber cables (OFC), telecom towers, and 4G/5G network deployment for major operators.
● It has graduated to a "Large Enterprise" status with FY24 revenue of ₹523 crore (up ~20% YoY), reflecting strong execution capabilities and expanding profit margins of ~6.16%.
● The business model is highly concentrated, with Reliance Jio accounting for a significant majority of its revenue, which ensures high volume but exposes the company to counterparty concentration risk.
● Despite reporting profits, the company is currently in financial distress, holding a "Default" (D) credit rating and facing insolvency proceedings due to severe working capital mismatches and delays in servicing debt.
Explore in-depth financial analysis, performance metrics, and key disclosures.
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Mutual Fund License No.:
IRDA Code (1):
IRDA Code (2):
Startup India Certificate No.:
Other Websites
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in India
MiQB, Plot 23, Sector 18, Maruti Industrial Development Area, Opposite VLCC corporate office, Gurugram, Haryana 122015
SEBI Registration
Mutual Fund License No.
ARN-164419
IRDA Code (1):
ABLIC1003123454
Startup India Certificate No.
DIPP93786
IRDA Code (2):
ABLIC1003131639
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