Venus Pipes & Tubes Ltd

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

Venus Pipes & Tubes Ltd

₹ 1,665 3.46%
11 Dec 3:57 p.m.
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 ₹ 3,397 Cr.
  • Current Price ₹ 1,665
  • High / Low ₹ 2,490 / 1,293
  • Stock P/E 34.1
  • Book Value ₹ 237
  • Dividend Yield 0.06 %
  • 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 87.0% 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 7.02 times its book value
  • Promoter holding has decreased over last quarter: -0.74%
  • 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

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

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
89 106 110 114 126 136 176 180 191 207 224 240 229
76 93 96 99 111 119 155 152 157 168 179 192 188
Operating Profit 13 13 14 14 16 18 22 28 35 39 45 48 41
OPM % 15% 12% 12% 13% 12% 13% 12% 15% 18% 19% 20% 20% 18%
0 0 1 1 1 0 1 1 0 2 0 1 4
Interest 1 2 3 3 2 2 3 3 5 6 8 8 8
Depreciation 0 0 0 0 0 1 1 1 3 4 4 4 5
Profit before tax 12 11 11 12 14 15 19 23 27 31 34 37 32
Tax % 24% 27% 28% 25% 26% 25% 27% 26% 26% 25% 26% 25% 26%
9 8 8 9 10 11 13 17 20 23 25 28 24
EPS in Rs 6.74 5.23 5.30 4.49 5.12 5.56 6.62 8.58 9.98 11.47 12.34 13.58 11.62
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
119 178 309 387 552 802 900
110 166 275 338 483 656 727
Operating Profit 8 12 35 49 69 146 173
OPM % 7% 7% 11% 13% 13% 18% 19%
2 2 3 2 2 3 7
Interest 3 5 6 7 10 22 30
Depreciation 2 2 1 1 2 12 16
Profit before tax 5 6 31 43 60 116 134
Tax % 24% 36% 24% 26% 26% 26%
4 4 24 32 44 86 100
EPS in Rs 4.29 4.73 27.06 20.81 21.78 42.36 49.01
Dividend Payout % 0% 0% 0% 0% 2% 1%
Compounded Sales Growth
10 Years: %
5 Years: 47%
3 Years: 37%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 87%
3 Years: 54%
TTM: 60%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 23%
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 Sep 2024
Equity Capital 9 9 9 15 20 20 20
Reserves 3 8 31 113 302 386 463
29 43 38 64 90 149 181
38 48 60 55 95 202 280
Total Liabilities 79 107 138 248 507 758 945
10 12 20 21 60 282 301
CWIP 0 3 0 7 122 12 15
Investments 0 0 0 1 3 3 3
69 92 118 218 323 461 625
Total Assets 79 107 138 248 507 758 945

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7 2 11 -60 9 52
-1 -12 -2 -23 -167 -100
8 10 -9 83 169 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 63 146 118 114
ROCE % 22% 53% 37% 23% 28%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.20% 48.20% 48.20% 48.20% 48.20% 48.63% 48.68% 48.68% 48.68% 47.94%
2.21% 0.67% 5.80% 5.76% 6.49% 6.60% 4.81% 4.27% 5.10% 5.25%
7.14% 7.15% 8.63% 8.65% 8.73% 7.25% 8.26% 13.02% 13.19% 14.15%
42.45% 43.97% 37.37% 37.39% 36.57% 37.54% 38.26% 34.05% 33.03% 32.66%
No. of Shareholders 24,35122,80022,25522,26026,21038,97745,87547,06257,27350,831

* 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.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls