Venus Pipes & Tubes Ltd

₹ 725 1.68%
05 Dec 3:42 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,
• Stainless steel high precision & heat exchanger tubes
• Stainless steel hydraulic & instrumentation tubes
• Stainless steel seamless pipes
• Stainless steel welded pipes
• Stainless steel box pipes [1]

  • Market Cap 1,472 Cr.
  • Current Price 725
  • High / Low 775 / 316
  • Stock P/E 41.4
  • Book Value 147
  • Dividend Yield 0.07 %
  • ROCE 36.3 %
  • ROE 37.6 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.0%

Cons

  • Working capital days have increased from 94.1 days to 150 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
92 81 89 106 110 114 126
82 72 76 93 96 99 111
Operating Profit 10 9 13 13 14 14 16
OPM % 11% 12% 15% 12% 12% 13% 12%
2 1 0 0 1 1 1
Interest 2 1 1 2 3 3 2
Depreciation 0 0 0 0 0 0 0
Profit before tax 9 9 12 11 11 12 14
Tax % 28% 25% 24% 27% 28% 25% 26%
Net Profit 7 7 9 8 8 9 10
EPS in Rs 7.58 7.80 6.74 5.23 5.30 4.49 5.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
119 178 309 387 456
110 166 275 338 400
Operating Profit 8 12 35 49 57
OPM % 7% 7% 11% 13% 12%
2 2 3 2 2
Interest 3 5 6 7 9
Depreciation 2 2 1 1 2
Profit before tax 5 6 31 43 48
Tax % 24% 36% 24% 26%
Net Profit 4 4 24 32 36
EPS in Rs 4.29 4.73 27.06 20.81 20.14
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 48%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 104%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 47%
Last Year: 38%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
9 9 9 15 20
Reserves 3 8 31 113 278
29 43 38 69 53
38 48 60 50 65
Total Liabilities 79 107 138 248 417
10 12 20 21 32
CWIP 0 3 0 7 29
Investments 0 0 0 1 2
69 92 118 218 354
Total Assets 79 107 138 248 417

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
-7 2 11 -60
-1 -12 -2 34
8 10 -9 26
Net Cash Flow -0 0 -0 -0

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 66 63 53 69
Inventory Days 130 103 62 108
Days Payable 117 96 59 39
Cash Conversion Cycle 80 70 56 139
Working Capital Days 92 69 63 150
ROCE % 22% 53% 36%

Shareholding Pattern

Numbers in percentages

21 recently
Jun 2022 Sep 2022
48.20 48.20
2.21 0.67
7.14 7.15
42.45 43.97

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents