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]
Strengths
- +Company has delivered good profit growth of 86.3% CAGR over last 5 years
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 48.68% | 47.94%▼0.7 | 48.12%▲0.2 | 48.12% | 48.12% | 48.44%▲0.3 | 48.41%▼0.0 | 48.41% |
| FIIs | 5.1% | 5.25%▲0.2 | 4.31%▼0.9 | 5.81%▲1.5 | 4.93%▼0.9 | 4.25%▼0.7 | 3.97%▼0.3 | 2.71%▼1.3 |
| DIIs | 13.19% | 14.15%▲1.0 | 14.06%▼0.1 | 14.53%▲0.5 | 14.96%▲0.4 | 15.13%▲0.2 | 17.35%▲2.2 | 17.49%▲0.1 |
| Public | 33.03% | 32.66%▼0.4 | 33.51%▲0.9 | 31.55%▼2.0 | 32%▲0.4 | 32.17%▲0.2 | 30.27%▼1.9 | 31.38%▲1.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 191 | 207 | 224 | 240 | 229 | 231 | 258 | 276 | 292 | 297 |
| Expenses | 157 | 168 | 179 | 192 | 188 | 194 | 217 | 232 | 244 | 248 |
| Operating Profit | 35 | 39 | 45 | 48 | 41 | 37 | 42 | 45 | 48 | 49 |
| OPM % | 18% | 19% | 20% | 20% | 18% | 16% | 16% | 16% | 16% | 16% |
| Net Profit | 20 | 23 | 25 | 28 | 24 | 18 | 24 | 25 | 26 | 26 |
| EPS ₹ | 9.98 | 11.47 | 12.34 | 13.58 | 11.62 | 8.82 | 11.6 | 12.08 | 12.67 | 12.36 |
AI Insights
TTM revenue at ₹1,123Cr, up 17.1% YoY. OPM at 16%.
Borrowings at ₹192Cr. Debt-to-equity ratio: 0.38x. Healthy balance sheet.
CWIP at ₹67Cr (22% of fixed assets). Significant capex underway — growth runway building.
DIIs: 17.49% (+8.76pp change). FIIs: 2.71% (-3.78pp change). Promoters hold 48.41%.
ROCE improving from 0% (Mar 2019) to 25% (Mar 2025). Working capital days: 62.
PE 26.6x with 25% ROCE. Price is 398% above book value of ₹260. Dividend yield: 0.08%.
Recent Announcements
- Reply To The Clarification Sought By The Stock Exchange With Reference To Price Movement Of The Securities Of The Company 25 Apr - Company replied to BSE, stating no undisclosed or impending price-sensitive announcement.
- Clarification sought from Venus Pipes & Tubes Ltd 24 Apr - Exchange has sought clarification from Venus Pipes & Tubes Ltd on April 24, 2026 with reference to significant movement in price, in order to ensure …
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Apr - Revised analyst/investor meeting schedule for 9 April 2026 at Dhaneti plant with ICICI Securities.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Apr - The officials of the Company will be meeting Investors / Analysts (Participants) at company's facility in Dhaneti, Gujarat.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse