Venus Pipes & Tubes Ltd

Venus Pipes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Venus Pipes & Tubes Ltd

₹ 2,140 0.49%
27 May - close price
venuspipes.com BSE: 543528 NSE: VENUSPIPES
About

Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.[1]

Key Points

Product Lines
Venus is currently manufacturing 5 product lines, namely,
a) Stainless steel high precision & heat exchanger tubes
b) ** Stainless steel hydraulic & instrumentation tubes
c) Stainless steel seamless pipes
d) ** Stainless steel welded pipes
e) Stainless steel box pipes [1]

Website BSE NSE
  • Market Cap ₹ 4,342 Cr.
  • Current Price ₹ 2,140
  • High / Low ₹ 2,228 / 1,011
  • Stock P/E 50.5
  • Book Value ₹ 200
  • Dividend Yield 0.05 %
  • ROCE 28.4 %
  • ROE 23.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 87.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.0%

Cons

  • Stock is trading at 10.7 times its book value
  • Debtor days have increased from 65.5 to 80.6 days.

* 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
92 81 89 106 110 114 126 136 176 180 191 207 224
82 72 76 93 96 99 111 119 155 152 157 168 179
Operating Profit 10 9 13 13 14 14 16 18 22 28 35 39 45
OPM % 11% 12% 15% 12% 12% 13% 12% 13% 12% 15% 18% 19% 20%
2 1 0 0 1 1 1 0 1 1 0 2 0
Interest 2 1 1 2 3 3 2 2 3 3 5 6 8
Depreciation 0 0 0 0 0 0 0 1 1 1 3 4 4
Profit before tax 9 9 12 11 11 12 14 15 19 23 27 31 34
Tax % 28% 25% 24% 27% 28% 25% 26% 25% 27% 26% 26% 25% 26%
7 7 9 8 8 9 10 11 13 17 20 23 25
EPS in Rs 7.58 7.80 6.74 5.23 5.30 4.49 5.12 5.56 6.62 8.58 9.98 11.47 12.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
119 178 309 387 552 802
110 166 275 338 483 656
Operating Profit 8 12 35 49 69 146
OPM % 7% 7% 11% 13% 13% 18%
2 2 3 2 2 3
Interest 3 5 6 7 10 22
Depreciation 2 2 1 1 2 12
Profit before tax 5 6 31 43 60 116
Tax % 24% 36% 24% 26% 26% 26%
4 4 24 32 44 86
EPS in Rs 4.29 4.73 27.06 20.81 21.78 42.36
Dividend Payout % 0% 0% 0% 0% 2% 1%
Compounded Sales Growth
10 Years: %
5 Years: 47%
3 Years: 37%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 87%
3 Years: 54%
TTM: 95%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 109%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 24%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 15 20 20
Reserves 3 8 31 113 302 386
29 43 38 64 90 149
38 48 60 55 95 202
Total Liabilities 79 107 138 248 507 758
10 12 20 21 60 282
CWIP 0 3 0 7 122 12
Investments 0 0 0 1 3 3
69 92 118 218 323 461
Total Assets 79 107 138 248 507 758

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7 2 11 -60 10 52
-1 -12 -2 -23 -168 -100
8 10 -9 83 168 38
Net Cash Flow -0 0 -0 -0 11 -10

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 66 63 53 69 47 81
Inventory Days 130 103 62 108 137 143
Days Payable 117 96 59 45 61 110
Cash Conversion Cycle 80 70 56 133 123 114
Working Capital Days 92 69 63 146 134 116
ROCE % 22% 53% 37% 23%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.20% 48.20% 48.20% 48.20% 48.20% 48.63% 48.68% 48.68%
2.21% 0.67% 5.80% 5.76% 6.49% 6.60% 4.81% 4.27%
7.14% 7.15% 8.63% 8.65% 8.73% 7.25% 8.26% 13.02%
42.45% 43.97% 37.37% 37.39% 36.57% 37.54% 38.26% 34.05%
No. of Shareholders 24,35122,80022,25522,26026,21038,97745,87547,062

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls