Venus Pipes & Tubes Ltd.

•

venuspipes.comBSE: 543528NSE: VENUSPIPES

Market Cap₹ 3,334 Cr.

Current Price

High / Low₹ 1,875 / 890

Stock P/E32.2

Book Value₹ 335

Price to Book2.77

Dividend Yield0.06 %

ROCE21.2 %

ROE17.2 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 34.0% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 24.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.3%
Company has delivered good sales growth of 30.4% CAGR over last 5 years
Operating margins have improved to 16.3% from 12.9%

CONS

Free cash flow has been persistently negative
Total debt has risen sharply - up 49.1% year on year
Though reporting repeated profits, the company pays out little dividend (2.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1306.00	12.89	319376.29	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.60	20.77	229196.25	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	196.35	18.98	81102.86	1.20	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2522.00	28.81	66528.00	0.20	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2217.80	50.10	61579.08	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	733.55	18.62	60475.30	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1072.40	26.65	29934.10	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	309.55	30.29	19795.98	0.65	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2629.05	42.57	18427.54	0.38	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	490.90	15.31	17298.40	0.41	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	239.75	20.01	16140.90	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	VENUSPIPES	1609.20	32.18	3333.64	0.06	26.41	6.66	320.54	15.96	21.25	16.07

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	180	191	207	224	240	229	231	258	276	292	297	302	321
	152	157	168	179	192	188	194	217	232	244	248	253	288
Operating Profit	28	35	39	45	48	41	37	42	45	48	48	50	52
OPM %	15.35%	18.13%	18.85%	20.09%	19.96%	17.89%	16.04%	16.12%	16.21%	16.30%	16.03%	16.48%	16.07%
Other Income	1	0	2	0	1	4	1	5	4	3	3	2	3
Interest	3	5	6	8	8	8	9	9	10	10	10	10	11
Depreciation	1	3	4	4	4	5	5	5	5	6	6	6	7
	23	27	31	34	37	32	24	32	34	34	34	35	36
Tax %	25.69%	25.65%	25.32%	25.94%	25.45%	25.57%	25.74%	26.87%	26.55%	24.20%	25.18%	27.06%	26.04%
Net Profit	17	20	23	25	28	24	18	24	25	26	26	26	26
	9	10	11	12	14	12	9	12	12	13	12	12	1
Equity Capital	20	20	20	20	20	20	20	20	20	21	21	21	21
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	119	178	309	387	552	802	959	1,167	1,211
	110	166	275	338	483	656	791	976	1,032
Operating Profit	10	13	37	51	71	149	178	202	—
OPM %	8	7	12	13	13	19	19	17	—
Other Income	2	2	3	2	2	3	11	12	10
Interest	3	5	6	7	10	22	34	41	42
Depreciation	2	2	1	1	2	12	19	24	26
	5	6	31	43	60	116	125	137	139
Tax %	24	36	24	26	26	26	26	26	26
Net Profit	4	4	24	32	44	86	93	102	104
EPS	4	5	27	23	23	42	45	49	—
Dividend Payout %	0	0	0	0	5	2	2	2	—
Minority Interest	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0
Adjusted EPS	3	3	18	21	22	42	45	49	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 30%
3 Years:: 28%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 34%
3 Years:: 32%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 1%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: —
5 Years:: 24%
3 Years:: 20%
Last Year:: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-
Equity Capital	9	9	9	15	20	20	20	21
	3	8	31	113	302	386	499	648
	15	23	18	48	66	100	148	165
Trade Payables	32	41	42	38	74	174	240	297
	20	27	37	34	54	91	109	184
Total Liabilities	79	107	138	249	516	771	1,017	1,315
ASSETS	-	-	-	-	-	-	-	-
	10	12	20	21	60	282	310	399
Capital Work in Progress	0	3	0	7	122	12	67	124
	0	0	0	1	3	3	3	1
	36	44	44	93	167	226	343	387
	0	0	0	0	0	177	192	260
Cash & Bank	2	5	4	7	26	8	13	29
	31	42	69	118	139	64	90	116
Total Assets	79	107	138	249	516	771	1,017	1,315
Total Debt	29	43	38	64	90	149	192	286
Net Working Capital	17	19	38	114	142	146	178	220
Contingent Liabilities	3	7	27	26	42	32	19	24
Book Value per Share	13.94	18.64	45.72	84.44	158.75	200.09	254.21	322.69
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-7	2	11	-60	9	52	69	112
Cash from Investing	-1	-12	-2	-23	-167	-100	-114	-203
Cash from Financing	8	10	-9	83	169	38	47	94
	-0	0	-0	-0	11	-10	2	3
Free Cash Flow	-7	-5	6	-71	-146	-72	-32	-58
OCF / Net Profit	-1.78	0.58	0.48	-1.89	0.20	0.61	0.74	1.10
Cumulative 5-Year FCF	0	0	0	0	0	-287	-314	-378

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	4.29	4.73	27.06	20.80	21.78	42.36	45.46	49.22
Book Value (₹)	13.94	18.64	45.72	84.44	158.75	200.09	254.21	322.69
Dividend per Share (₹)	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00
Cash EPS (₹)	4.38	4.76	18.78	21.74	22.75	48.16	54.54	60.60
PROFITABILITY
Operating Margin %	8.46%	7.40%	12.12%	13.27%	12.94%	18.24%	17.49%	16.33%
Net Margin %	3.16%	2.32%	7.64%	8.18%	8.00%	10.72%	9.69%	8.74%
ROE %	30.80%	29.02%	84.09%	37.60%	19.62%	23.61%	20.07%	17.17%
ROCE %	19.37%	21.98%	53.57%	37.04%	22.99%	28.45%	24.99%	21.25%
	4.74%	4.43%	19.30%	16.37%	11.56%	13.36%	10.39%	8.75%
EFFICIENCY
Debtor Days	66	54	45	56	48	56	70	71
Inventory Days	111	83	52	65	86	89	108	114
Payable Days	117	86	58	47	46	79	118	127
	61	51	38	74	87	67	61	58
FINANCIAL HEALTH
Debt to Equity (x)	2.42x	2.62x	0.94x	0.50x	0.28x	0.37x	0.37x	0.43x
Interest Coverage (x)	2.59x	2.42x	6.57x	7.08x	7.06x	6.24x	4.65x	4.36x
	1.32x	1.27x	1.49x	2.08x	1.85x	1.45x	1.40x	1.41x
GROWTH
Revenue Growth %	0.00%	49.73%	73.97%	25.09%	42.76%	45.22%	19.49%	21.73%
Operating Profit Growth %	0.00%	30.87%	184.97%	37.04%	39.21%	109.09%	19.24%	13.44%
Net Profit Growth %	0.00%	10.08%	472.48%	34.00%	39.60%	94.49%	8.04%	9.77%
	0.00%	0.00%	0.00%	0.00%	0.00%	94.49%	7.32%	8.26%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	44.53x	26.63x	18.14x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	9.43x	4.76x	2.77x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.08%	0.11%
	0.00x	0.00x	0.00x	0.00x	0.00x	26.56x	14.88x	10.41x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.68	47.94	48.12	48.12	48.12	48.44	48.41	48.41	48.41
	5.10	5.25	4.31	5.81	4.93	4.25	3.97	2.71	2.63
	13.19	14.15	14.06	14.53	14.96	15.13	17.35	17.49	17.81
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	33.03	32.66	33.51	31.55	31.99	32.18	30.27	31.38	31.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Venus Pipes & Tubes Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

General Updates

2026-08-20 - Venus Pipes & Tubes Limited has informed the Exchange about dispatch of letters to members whose e-mail address is not registered with the Company/Registrar and Share Transfer Agent/Depositories Participants

2026-08-20

General Updates

2026-08-20 - Venus Pipes & Tubes Limited has informed the Exchange about General Updates 12th Annual General Meeting

2026-08-20

Record Date

2026-08-20 - Venus Pipes & Tubes Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Sep-2026.

2026-08-20

Shareholders meeting

2026-08-20 - Venus Pipes & Tubes Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2026

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Venus Pipes & Tubes Limited has informed the Exchange about Transcript

2026-08-17

Press Release

2026-08-17 - Venus Pipes & Tubes Limited has informed the Exchange regarding a press release dated August 17, 2026, titled "Press Release".

2026-08-17

Capacity addition

2026-08-17 - Venus Pipes & Tubes Limited has informed the Exchange about Capacity addition

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Venus Pipes & Tubes Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for VENUSPIPES

Loading news…

🤖

AI Stock Analyst

Venus Pipes & Tubes Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

JSWSTEEL

1306.00

12.89

319376.29

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

183.60

20.77

229196.25

2.18

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

196.35

18.98

81102.86

1.20

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2522.00

28.81

66528.00

0.20

1047.88

200.11

4081.12

14.91

23.94

32.17

APLAPOLLO

2217.80

50.10

61579.08

0.38

263.11

10.94

5606.71

12.07

31.83

7.34

JSL

733.55

18.62

60475.30

0.55

768.66

7.56

11278.54

10.50

19.19

12.09

SHYAMMETL

1072.40

26.65

29934.10

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

309.55

30.29

19795.98

0.65

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2629.05

42.57

18427.54

0.38

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

490.90

15.31

17298.40

0.41

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

239.75

20.01

16140.90

0.42

222.37

2.75

1750.47

32.29

20.20

19.36

VENUSPIPES

1609.20

32.18

3333.64

0.06

26.41

6.66

320.54

15.96

21.25

16.07

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

180

191

207

224

240

229

231

258

276

292

297

302

321

152

157

168

179

192

188

194

217

232

244

248

253

288

Operating Profit

OPM %

15.35%

18.13%

18.85%

20.09%

19.96%

17.89%

16.04%

16.12%

16.21%

16.30%

16.03%

16.48%

16.07%

Other Income

Interest

Depreciation

Tax %

25.69%

25.65%

25.32%

25.94%

25.45%

25.57%

25.74%

26.87%

26.55%

24.20%

25.18%

27.06%

26.04%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

119

178

309

387

552

802

959

1,167

1,211

110

166

275

338

483

656

791

976

1,032

Operating Profit

149

178

202

—

OPM %

—

Other Income

Interest

Depreciation

116

125

137

139

Tax %

Net Profit

102

104

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

113

302

386

499

648

100

148

165

Trade Payables

174

240

297

109

184

Total Liabilities

107

138

249

516

771

1,017

1,315

ASSETS

282

310

399

Capital Work in Progress

122

124

167

226

343

387

177

192

260

Cash & Bank

118

139

116

Total Assets

107

138

249

516

771

1,017

1,315

Total Debt

149

192

286

Net Working Capital

114

142

146

178

220

Contingent Liabilities

Book Value per Share

13.94

18.64

45.72

84.44

158.75

200.09

254.21

322.69

Face Value

10.00

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-7

-60

112

Cash from Investing

-1

-12

-2

-23

-167

-100

-114

-203

Cash from Financing

-9

169

-0

-10

Free Cash Flow

-7

-5

-71

-146

-72

-32

-58

OCF / Net Profit

-1.78

0.58

0.48

-1.89

0.20

0.61

0.74

1.10

Cumulative 5-Year FCF

-287

-314

-378

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

4.29

4.73

27.06

20.80

21.78

42.36

45.46

49.22

Book Value (₹)

13.94

18.64

45.72

84.44

158.75

200.09

254.21

322.69

Dividend per Share (₹)

0.00

1.00

Cash EPS (₹)

4.38

4.76

18.78

21.74

22.75

48.16

54.54

60.60

PROFITABILITY

Operating Margin %

8.46%

7.40%

12.12%

13.27%

12.94%

18.24%

17.49%

16.33%

Net Margin %

3.16%

2.32%

7.64%

8.18%

8.00%

10.72%

9.69%

8.74%

ROE %

30.80%

29.02%

84.09%

37.60%

19.62%

23.61%

20.07%

17.17%

ROCE %

19.37%

21.98%

53.57%

37.04%

22.99%

28.45%

24.99%

21.25%

4.74%

4.43%

19.30%

16.37%

11.56%

13.36%

10.39%

8.75%

EFFICIENCY

Debtor Days

Inventory Days

111

108

114

Payable Days

117

118

127

FINANCIAL HEALTH

Debt to Equity (x)

2.42x

2.62x

0.94x

0.50x

0.28x

0.37x

0.43x

Interest Coverage (x)

2.59x

2.42x

6.57x

7.08x

7.06x

6.24x

4.65x

4.36x

1.32x

1.27x

1.49x

2.08x

1.85x

1.45x

1.40x

1.41x

GROWTH

Revenue Growth %

0.00%

49.73%

73.97%

25.09%

42.76%

45.22%

19.49%

21.73%

Operating Profit Growth %

0.00%

30.87%

184.97%

37.04%

39.21%

109.09%

19.24%

13.44%

Net Profit Growth %

0.00%

10.08%

472.48%

34.00%

39.60%

94.49%

8.04%

9.77%

0.00%

94.49%

7.32%

8.26%

VALUATION

P/E (x)

0.00x

44.53x

26.63x

18.14x

P/B (x)

0.00x

9.43x

4.76x

2.77x

Dividend Yield %

0.00%

0.05%

0.08%

0.11%

0.00x

26.56x

14.88x

10.41x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

48.68

47.94

48.12

48.44

48.41

5.10

5.25

4.31

5.81

4.93

4.25

3.97

2.71

2.63

13.19

14.15

14.06

14.53

14.96

15.13

17.35

17.49

17.81

Government

0.00

33.03

32.66

33.51

31.55

31.99

32.18

30.27

31.38

31.15

Venus Pipes & Tubes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Venus Pipes & Tubes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI