Venus Pipes & Tubes Ltd

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

Venus Pipes & Tubes Ltd

₹ 1,449 -1.28%
05 Jun - 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 ₹ 3,002 Cr.
  • Current Price ₹ 1,449
  • High / Low ₹ 1,683 / 888
  • Stock P/E 29.3
  • Book Value ₹ 323
  • Dividend Yield 0.07 %
  • ROCE 22.5 %
  • ROE 17.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 34.0% 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 Industrials BSE 1000

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
176 180 191 207 224 240 229 231 258 276 292 297 302
155 152 157 168 179 192 188 194 217 232 244 248 253
Operating Profit 22 28 35 39 45 48 41 37 42 45 48 49 49
OPM % 12% 15% 18% 19% 20% 20% 18% 16% 16% 16% 16% 16% 16%
1 1 0 2 0 1 4 1 5 4 3 2 2
Interest 3 3 5 6 8 8 8 9 9 10 10 10 10
Depreciation 1 1 3 4 4 4 5 5 5 5 6 6 6
Profit before tax 19 23 27 31 34 37 32 24 32 34 34 34 35
Tax % 27% 26% 26% 25% 26% 25% 26% 26% 27% 27% 24% 25% 27%
13 17 20 23 25 28 24 18 24 25 26 26 26
EPS in Rs 6.62 8.58 9.98 11.47 12.34 13.58 11.62 8.82 11.60 12.08 12.67 12.36 12.31
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
119 178 309 387 552 802 959 1,167
110 166 275 338 483 656 791 976
Operating Profit 8 12 35 49 69 146 168 191
OPM % 7% 7% 11% 13% 13% 18% 17% 16%
2 2 3 2 2 3 11 11
Interest 3 5 6 7 10 22 34 41
Depreciation 2 2 1 1 2 12 19 24
Profit before tax 5 6 31 43 60 116 125 137
Tax % 24% 36% 24% 26% 26% 26% 26% 26%
4 4 24 32 44 86 93 102
EPS in Rs 4.29 4.73 27.06 20.81 21.78 42.36 45.47 49.22
Dividend Payout % 0% 0% 0% 0% 2% 1% 2% 0%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 28%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 32%
TTM: 10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 10%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 20%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 9 15 20 20 20 21
Reserves 3 8 31 113 302 386 511 648
29 43 38 64 90 149 192 197
38 48 60 55 95 202 285 435
Total Liabilities 79 107 138 248 507 758 1,008 1,300
10 12 20 21 60 282 310 399
CWIP 0 3 0 7 122 12 67 124
Investments 0 0 0 1 3 3 3 1
69 92 118 218 323 461 629 776
Total Assets 79 107 138 248 507 758 1,008 1,300

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-7 2 11 -60 9 52 69 112
-1 -12 -2 -23 -167 -100 -114 -203
8 10 -9 83 169 38 47 94
Net Cash Flow -0 0 -0 -0 11 -10 2 3
Free Cash Flow -9 -5 6 -81 -153 -55 -40 -76
CFO/OP -65% 30% 35% -99% 40% 49% 52% 76%

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 66 63 53 69 47 81 73 81
Inventory Days 130 103 62 108 137 143 196 183
Days Payable 117 96 59 45 61 110 137 141
Cash Conversion Cycle 80 70 56 133 123 114 132 124
Working Capital Days 46 28 40 99 75 62 62 60
ROCE % 22% 53% 37% 23% 28% 25% 22%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Seamless Pipes
MTPA

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Installed Capacity - Welded Pipes
MTPA
Inventory Period
Days
Operating Cycle
Days
Export Presence (Countries)
Number
Piercing Line Capacity (Backward Integration)
MTPA

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
48.20% 48.63% 48.68% 48.68% 48.68% 47.94% 48.12% 48.12% 48.12% 48.44% 48.41% 48.41%
6.49% 6.60% 4.81% 4.27% 5.10% 5.25% 4.31% 5.81% 4.93% 4.25% 3.97% 2.71%
8.73% 7.25% 8.26% 13.02% 13.19% 14.15% 14.06% 14.53% 14.96% 15.13% 17.35% 17.49%
36.57% 37.54% 38.26% 34.05% 33.03% 32.66% 33.51% 31.55% 32.00% 32.17% 30.27% 31.38%
No. of Shareholders 26,21038,97745,87547,06257,27350,83158,06558,84258,34460,83758,70057,317

* 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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