Venus Pipes & Tubes Ltd
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]
- Market Cap ₹ 3,965 Cr.
- Current Price ₹ 1,952
- High / Low ₹ 2,062 / 852
- Stock P/E 53.3
- 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 11.0 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
Quarterly Results
Figures in Rs. Crores
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: | 120% |
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% |
Documents
Announcements
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024. 13 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr
- Announcement under Regulation 30 (LODR)-Allotment 10 Apr
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 1 Apr
Concalls
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Mar 2024Transcript PPT
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Feb 2024Transcript PPT
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Dec 2023TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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]