Venus Pipes & Tubes Ltd

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

Venus Pipes & Tubes Ltd

₹ 1,304 -0.82%
22 Aug - 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

Business Profile[1][2]
Venus Pipes & Tubes Limited is a leading manufacturer and exporter of stainless steel pipes and tubes in India. The company serves over 70 Fortune 500 companies and exports to more than 25 countries, with applications spanning multiple industries, including oil & gas, power, pharmaceuticals, etc.

Website BSE NSE
  • Market Cap ₹ 2,672 Cr.
  • Current Price ₹ 1,304
  • High / Low ₹ 2,450 / 969
  • Stock P/E 29.7
  • Book Value ₹ 260
  • Dividend Yield 0.04 %
  • ROCE 25.6 %
  • ROE 19.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 86.4% CAGR over last 5 years

Cons

  • Company's cost of borrowing seems high

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Figures in Rs. Crores

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
114 126 136 176 180 191 207 224 240 229 231 258 276
99 111 119 155 152 157 168 179 192 188 194 217 232
Operating Profit 14 16 18 22 28 35 39 45 48 41 37 42 45
OPM % 13% 12% 13% 12% 15% 18% 19% 20% 20% 18% 16% 16% 16%
1 1 0 1 1 0 2 0 1 4 1 5 4
Interest 3 2 2 3 3 5 6 8 8 8 9 9 10
Depreciation 0 0 1 1 1 3 4 4 4 5 5 5 5
Profit before tax 12 14 15 19 23 27 31 34 37 32 24 32 34
Tax % 25% 26% 25% 27% 26% 26% 25% 26% 25% 26% 26% 27% 27%
9 10 11 13 17 20 23 25 28 24 18 24 25
EPS in Rs 4.49 5.12 5.56 6.62 8.58 9.98 11.47 12.34 13.58 11.62 8.82 11.60 12.08
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Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
119 178 309 387 552 802 959 995
110 166 275 338 483 656 791 830
Operating Profit 8 12 35 49 69 146 168 164
OPM % 7% 7% 11% 13% 13% 18% 17% 17%
2 2 3 2 2 3 11 14
Interest 3 5 6 7 10 22 34 36
Depreciation 2 2 1 1 2 12 19 19
Profit before tax 5 6 31 43 60 116 125 122
Tax % 24% 36% 24% 26% 26% 26% 26%
4 4 24 32 44 86 93 90
EPS in Rs 4.29 4.73 27.06 20.81 21.78 42.36 45.47 44.12
Dividend Payout % 0% 0% 0% 0% 2% 1% 0%
Compounded Sales Growth
10 Years: %
5 Years: 40%
3 Years: 35%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 86%
3 Years: 43%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 48%
1 Year: -43%
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 21%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 9 15 20 20 20
Reserves 3 8 31 113 302 386 511
29 43 38 64 90 149 164
38 48 60 55 95 202 313
Total Liabilities 79 107 138 248 507 758 1,008
10 12 20 21 60 282 310
CWIP 0 3 0 7 122 12 67
Investments 0 0 0 1 3 3 3
69 92 118 218 323 461 629
Total Assets 79 107 138 248 507 758 1,008

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-7 2 11 -60 9 52 69
-1 -12 -2 -23 -167 -100 -114
8 10 -9 83 169 38 47
Net Cash Flow -0 0 -0 -0 11 -10 2

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 66 63 53 69 47 81 73
Inventory Days 130 103 62 108 137 143 196
Days Payable 117 96 59 45 61 110 137
Cash Conversion Cycle 80 70 56 133 123 114 132
Working Capital Days 46 28 40 99 75 62 63
ROCE % 22% 53% 37% 23% 28% 26%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
48.20% 48.20% 48.20% 48.20% 48.63% 48.68% 48.68% 48.68% 47.94% 48.12% 48.12% 48.12%
0.67% 5.80% 5.76% 6.49% 6.60% 4.81% 4.27% 5.10% 5.25% 4.31% 5.81% 4.93%
7.15% 8.63% 8.65% 8.73% 7.25% 8.26% 13.02% 13.19% 14.15% 14.06% 14.53% 14.96%
43.97% 37.37% 37.39% 36.57% 37.54% 38.26% 34.05% 33.03% 32.66% 33.51% 31.55% 32.00%
No. of Shareholders 22,80022,25522,26026,21038,97745,87547,06257,27350,83158,06558,84258,344

* 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

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