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Venus Pipes & Tubes Overview

Venus Pipes & Tubes Ltd is a leading manufacturer and exporter of stainless steel pipes and tubes, as well as other related products like stainless steel fittings, flanges, and valves. Established in 1971, the company has since grown to become one of India's premier stainless steel tube manufacturers, with a wide range of products catering to diverse industries like oil and gas, petrochemicals, power, water treatment, and more. Venus Pipes & Tubes Ltd has state-of-the-art manufacturing facilities, including a modern tube mill with an in-house c...Read More

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Venus Pipes & Tubes Key Financials

Market Cap ₹2835 Cr.

Stock P/E 30.5

P/B 4.4

Current Price ₹1397

Book Value ₹ 315.8

Face Value 10

52W High ₹1683

Dividend Yield 0%

52W Low ₹ 888.5

Venus Pipes & Tubes Share Price

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Volume
Price

Venus Pipes & Tubes Quarterly Price

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Venus Pipes & Tubes Peer Comparison

Venus Pipes & Tubes Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 191 207 224 240 229 231 258 276 292 297
Other Income 0 2 0 1 4 1 5 4 3 3
Total Income 192 209 224 241 233 232 263 280 295 299
Total Expenditure 157 168 179 192 188 194 217 232 244 248
Operating Profit 35 41 45 49 45 38 47 49 50 51
Interest 5 6 8 8 8 9 9 10 10 10
Depreciation 3 4 4 4 5 5 5 5 6 6
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -1
Profit Before Tax 27 31 34 37 32 24 32 34 34 34
Provision for Tax 7 8 9 9 8 6 9 9 8 9
Profit After Tax 20 23 25 28 24 18 24 25 26 26
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 20 23 25 28 24 18 24 25 26 26
Adjusted Earnings Per Share 10 11.5 12.3 13.6 11.6 8.8 11.6 12.1 12.7 12.4

Venus Pipes & Tubes Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 119 178 309 387 552 802 959 1123
Other Income 2 2 3 2 2 3 11 15
Total Income 121 179 312 389 555 805 969 1137
Total Expenditure 110 166 275 338 483 656 791 941
Operating Profit 10 13 37 51 71 149 178 197
Interest 3 5 6 7 10 22 34 39
Depreciation 2 2 1 1 2 12 19 22
Exceptional Income / Expenses 0 0 0 0 0 0 0 -1
Profit Before Tax 5 6 31 43 60 116 125 134
Provision for Tax 1 2 7 11 15 30 32 35
Profit After Tax 4 4 24 32 44 86 93 101
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 4 4 24 32 44 86 93 101
Adjusted Earnings Per Share 2.9 3.2 18 20.8 21.8 42.4 45.5 48.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 35% 40% 0%
Operating Profit CAGR 19% 52% 69% 0%
PAT CAGR 8% 43% 88% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 17% NA% NA%
ROE Average 20% 21% 37% 35%
ROCE Average 25% 25% 33% 30%

Venus Pipes & Tubes Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 12 16 40 129 322 406 531
Minority's Interest 0 0 0 0 0 0 0
Borrowings 14 19 18 14 25 34 28
Other Non-Current Liabilities 0 1 1 1 2 9 14
Total Current Liabilities 52 71 78 105 167 323 443
Total Liabilities 79 107 138 249 516 771 1017
Fixed Assets 10 12 20 21 60 282 310
Other Non-Current Assets 0 5 1 9 147 20 86
Total Current Assets 69 90 117 219 309 469 621
Total Assets 79 107 138 249 516 771 1017

Venus Pipes & Tubes Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 0 0 0 11 1
Cash Flow from Operating Activities -7 2 11 -60 9 52 69
Cash Flow from Investing Activities -1 -12 -2 -23 -167 -100 -114
Cash Flow from Financing Activities 8 10 -9 83 169 38 47
Net Cash Inflow / Outflow -0 0 -0 -0 11 -10 2
Closing Cash & Cash Equivalent 0 0 0 0 11 1 3

Venus Pipes & Tubes Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.86 3.15 18.04 20.8 21.78 42.36 45.46
CEPS(Rs) 4.38 4.76 18.78 21.74 22.75 48.16 54.54
DPS(Rs) 0 0 0 0 1 1 1
Book NAV/Share(Rs) 9.29 12.42 30.48 84.44 158.75 200.09 254.21
Core EBITDA Margin(%) 6.99 6.54 11.24 12.72 12.51 18.24 17.49
EBIT Margin(%) 6.78 6.21 11.8 12.9 12.59 17.17 16.66
Pre Tax Margin(%) 4.17 3.65 10.01 11.08 10.8 14.42 13.08
PAT Margin (%) 3.16 2.32 7.64 8.18 8 10.72 9.69
Cash Profit Margin (%) 4.84 3.51 7.95 8.55 8.36 12.19 11.62
ROA(%) 4.74 4.43 19.3 16.37 11.56 13.36 10.39
ROE(%) 30.8 29.02 84.09 37.6 19.62 23.61 20.07
ROCE(%) 19.37 21.98 53.57 37.04 22.99 28.45 24.99
Receivable days 66.48 53.76 44.73 55.93 47.58 56.33 70.28
Inventory Days 111.16 82.57 52.19 64.92 86.03 89.38 108.28
Payable days 116.56 85.74 58.43 46.85 46.21 78.65 118.06
PER(x) 0 0 0 0 34.37 44.53 26.63
Price/Book(x) 0 0 0 0 4.72 9.43 4.76
Dividend Yield(%) 0 0 0 0 0.13 0.05 0.08
EV/Net Sales(x) 0.31 0.26 0.14 0.18 2.87 4.95 2.77
EV/Core EBITDA(x) 3.62 3.5 1.11 1.39 22.15 26.56 14.88
Net Sales Growth(%) 0 49.73 73.97 25.09 42.76 45.22 19.49
EBIT Growth(%) 0 37.05 230.69 36.76 39.24 98.09 15.97
PAT Growth(%) 0 10.08 472.48 34 39.6 94.49 8.04
EPS Growth(%) 0 10.08 472.48 15.32 4.7 94.49 7.32
Debt/Equity(x) 2.42 2.62 0.94 0.5 0.28 0.37 0.37
Current Ratio(x) 1.32 1.27 1.49 2.08 1.85 1.45 1.4
Quick Ratio(x) 0.63 0.64 0.93 1.19 0.85 0.75 0.63
Interest Cover(x) 2.59 2.42 6.57 7.08 7.06 6.24 4.65
Total Debt/Mcap(x) 0 0 0 0 0.06 0.04 0.08

Venus Pipes & Tubes Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 48.68 48.68 48.68 47.94 48.12 48.12 48.12 48.44 48.41 48.41
FII 4.81 4.27 5.1 5.25 4.3 5.81 4.93 4.25 3.96 2.71
DII 8.25 13.02 13.19 14.15 14.06 14.52 14.96 15.14 17.35 17.49
Public 38.26 34.04 33.03 32.66 33.51 31.55 31.99 32.18 30.27 31.38
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Venus Pipes & Tubes News

Venus Pipes & Tubes Pros & Cons

Pros

  • Company has delivered good profit growth of 87% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Promoter holding is low: 48.41%.
  • Debtor days have increased from 78.65 to 118.06days.
  • Stock is trading at 4.4 times its book value.
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