Venus Pipes & Tubes Ltd

Venus Pipes & Tubes Ltd

₹ 1,884 0.83%
04 Mar 4:01 p.m.
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]

  • Market Cap 3,824 Cr.
  • Current Price 1,884
  • High / Low 1,941 / 679
  • Stock P/E 51.4
  • Book Value 177
  • Dividend Yield 0.05 %
  • ROCE 22.9 %
  • ROE 19.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%

Cons

  • Stock is trading at 10.6 times its book value

* 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
92 81 89 106 110 114 126 136 176 180 191 207
82 72 76 93 96 99 111 119 155 152 157 168
Operating Profit 10 9 13 13 14 14 16 18 22 28 35 39
OPM % 11% 12% 15% 12% 12% 13% 12% 13% 12% 15% 18% 19%
2 1 0 0 1 1 1 0 1 1 0 2
Interest 2 1 1 2 3 3 2 2 3 3 5 6
Depreciation 0 0 0 0 0 0 0 1 1 1 3 4
Profit before tax 9 9 12 11 11 12 14 15 19 23 27 31
Tax % 28% 25% 24% 27% 28% 25% 26% 25% 27% 26% 26% 25%
7 7 9 8 8 9 10 11 13 17 20 23
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
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
119 178 309 387 552 754
110 166 275 338 483 632
Operating Profit 8 12 35 49 69 123
OPM % 7% 7% 11% 13% 13% 16%
2 2 3 2 2 4
Interest 3 5 6 7 10 18
Depreciation 2 2 1 1 2 9
Profit before tax 5 6 31 43 60 100
Tax % 24% 36% 24% 26% 26%
4 4 24 32 44 74
EPS in Rs 4.29 4.73 27.06 20.81 21.78 36.65
Dividend Payout % 0% 0% 0% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 46%
TTM: 55%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 120%
TTM: 91%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 156%
Return on Equity
10 Years: %
5 Years: %
3 Years: 29%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 15 20 20
Reserves 3 8 31 113 302 339
29 43 38 64 90 146
38 48 60 55 95 143
Total Liabilities 79 107 138 248 507 647
10 12 20 21 60 244
CWIP 0 3 0 7 122 10
Investments 0 0 0 1 3 3
69 92 118 218 323 390
Total Assets 79 107 138 248 507 647

Cash Flows

Figures in Rs. Crores

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

Ratios

Figures in Rs. Crores

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

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
48.20% 48.20% 48.20% 48.20% 48.20% 48.63% 48.68%
2.21% 0.67% 5.80% 5.76% 6.49% 6.60% 4.81%
7.14% 7.15% 8.63% 8.65% 8.73% 7.25% 8.26%
42.45% 43.97% 37.37% 37.39% 36.57% 37.54% 38.26%
No. of Shareholders 24,35122,80022,25522,26026,21038,97745,875

* 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.

Click on the line-items to see the names of individual entities.

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