Venus Pipes & Tubes Ltd.

•

₹ 1,556.61.02%

2026-08-21

venuspipes.comBSE: 543528NSE: VENUSPIPES

Market Cap₹ 3,207 Cr.

Current Price₹ 1,541

High / Low₹ 1,875 / 890

Stock P/E0.0

Book Value₹ 335

Price to Book4.76

Dividend Yield0.03 %

ROCE25.0 %

ROE20.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 86.4% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 25.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 21.1%
Company has delivered good sales growth of 40.1% CAGR over last 5 years
Operating margins have improved to 17.5% from 13.3%

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.58x)
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 34.2%
Growth is decelerating - 3Y profit CAGR (43.1%) trails the 5Y trend (86.4%)

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

Peer comparison

EDIT COLUMNS

Metals & MiningIron & SteelSteel & Iron Products

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JSWSTEEL	1281.30	12.64	313336.02	0.55	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	184.00	20.82	229695.59	2.17	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	172.50	16.68	71251.56	1.36	1644.05	120.80	26245.67	1.25	6.39	15.92
4.	JSL	723.75	18.37	59667.37	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
5.	APLAPOLLO	2115.90	47.80	58749.74	0.40	263.11	10.94	5606.71	12.07	22.90	7.34
6.	WELCORP	1974.70	22.56	52090.74	0.25	1047.88	200.11	4081.12	14.91	23.94	32.17
7.	SHYAMMETL	988.70	24.57	27597.77	0.46	350.73	20.66	5455.09	23.45	13.88	14.03
8.	SARDAEN	512.45	15.98	18057.78	0.39	478.13	9.50	1608.04	-1.07	15.84	41.59
9.	JINDALSAW	268.95	26.32	17199.57	0.74	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	GPIL	246.30	20.55	16578.39	0.41	222.37	2.75	1750.47	32.29	23.51	19.36
11.	RATNAMANI	2295.95	37.17	16092.77	0.44	107.03	-15.82	971.63	-15.63	18.01	16.69
12.	VENUSPIPES	1548.10	0.00	3207.06	0.03	26.41	6.66	320.54	15.96	24.99	16.07

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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 %	—	—	—	—	—	—	—	—	—	—	—	—	—
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%
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%

Jun 2023

: 180
: 152
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 1
: 23
Tax %: 25.69%
Net Profit: 17
: 9
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 191
: 157
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 5
Depreciation: 3
: 27
Tax %: 25.65%
Net Profit: 20
: 10
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 207
: 168
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 6
Depreciation: 4
: 31
Tax %: 25.32%
Net Profit: 23
: 11
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 224
: 179
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 8
Depreciation: 4
: 34
Tax %: 25.94%
Net Profit: 25
: 12
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 240
: 192
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 8
Depreciation: 4
: 37
Tax %: 25.45%
Net Profit: 28
: 14
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 229
: 188
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 8
Depreciation: 5
: 32
Tax %: 25.57%
Net Profit: 24
: 12
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 231
: 194
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 9
Depreciation: 5
: 24
Tax %: 25.74%
Net Profit: 18
: 9
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 258
: 217
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 9
Depreciation: 5
: 32
Tax %: 26.87%
Net Profit: 24
: 12
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 276
: 232
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 10
Depreciation: 5
: 34
Tax %: 26.55%
Net Profit: 25
: 12
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 292
: 244
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 10
Depreciation: 6
: 34
Tax %: 24.20%
Net Profit: 26
: 13
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 297
: 248
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 10
Depreciation: 6
: 34
Tax %: 25.18%
Net Profit: 26
: 12
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 302
: 253
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 10
Depreciation: 6
: 35
Tax %: 27.06%
Net Profit: 26
: 12
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 321
: 288
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 11
Depreciation: 7
: 36
Tax %: 26.04%
Net Profit: 26
: 1
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 21
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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

Mar 2019

: 119
: 110
Operating Profit: 10
OPM %: 8
Other Income: 2
Interest: 3
Depreciation: 2
: 5
Tax %: 24
Net Profit: 4
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2020

: 178
: 166
Operating Profit: 13
OPM %: 7
Other Income: 2
Interest: 5
Depreciation: 2
: 6
Tax %: 36
Net Profit: 4
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2021

: 309
: 275
Operating Profit: 37
OPM %: 12
Other Income: 3
Interest: 6
Depreciation: 1
: 31
Tax %: 24
Net Profit: 24
EPS: 27
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18

Mar 2022

: 387
: 338
Operating Profit: 51
OPM %: 13
Other Income: 2
Interest: 7
Depreciation: 1
: 43
Tax %: 26
Net Profit: 32
EPS: 23
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21

Mar 2023

: 552
: 483
Operating Profit: 71
OPM %: 13
Other Income: 2
Interest: 10
Depreciation: 2
: 60
Tax %: 26
Net Profit: 44
EPS: 23
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22

Mar 2024

: 802
: 656
Operating Profit: 149
OPM %: 19
Other Income: 3
Interest: 22
Depreciation: 12
: 116
Tax %: 26
Net Profit: 86
EPS: 42
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 42
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 42

Mar 2025

: 959
: 791
Operating Profit: 178
OPM %: 19
Other Income: 11
Interest: 34
Depreciation: 19
: 125
Tax %: 26
Net Profit: 93
EPS: 45
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45

TTM

: 1,211
: 1,032
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 42
Depreciation: 26
: 139
Tax %: 26
Net Profit: 104
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 40%
3 Years:: 35%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 86%
3 Years:: 43%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 2%
1 Year:: 16%

RETURN ON EQUITY

10 Years:: —
5 Years:: 37%
3 Years:: 21%
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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

Mar 2019

Equity Capital: 9
: 3
: 15
Trade Payables: 32
: 20
Total Liabilities: 79
: 10
Capital Work in Progress: 0
: 0
: 36
: 0
Cash & Bank: 2
: 31
Total Assets: 79
Total Debt: 29
Net Working Capital: 17
Contingent Liabilities: 3
Book Value per Share: 13.94
Face Value: 10.00
Total Debt: 29
Net Working Capital: 17
Contingent Liabilities: 3
Book Value per Share: 13.94
Face Value: 10.00

Mar 2020

Equity Capital: 9
: 8
: 23
Trade Payables: 41
: 27
Total Liabilities: 107
: 12
Capital Work in Progress: 3
: 0
: 44
: 0
Cash & Bank: 5
: 42
Total Assets: 107
Total Debt: 43
Net Working Capital: 19
Contingent Liabilities: 7
Book Value per Share: 18.64
Face Value: 10.00
Total Debt: 43
Net Working Capital: 19
Contingent Liabilities: 7
Book Value per Share: 18.64
Face Value: 10.00

Mar 2021

Equity Capital: 9
: 31
: 18
Trade Payables: 42
: 37
Total Liabilities: 138
: 20
Capital Work in Progress: 0
: 0
: 44
: 0
Cash & Bank: 4
: 69
Total Assets: 138
Total Debt: 38
Net Working Capital: 38
Contingent Liabilities: 27
Book Value per Share: 45.72
Face Value: 10.00
Total Debt: 38
Net Working Capital: 38
Contingent Liabilities: 27
Book Value per Share: 45.72
Face Value: 10.00

Mar 2022

Equity Capital: 15
: 113
: 48
Trade Payables: 38
: 34
Total Liabilities: 249
: 21
Capital Work in Progress: 7
: 1
: 93
: 0
Cash & Bank: 7
: 118
Total Assets: 249
Total Debt: 64
Net Working Capital: 114
Contingent Liabilities: 26
Book Value per Share: 84.44
Face Value: 10.00
Total Debt: 64
Net Working Capital: 114
Contingent Liabilities: 26
Book Value per Share: 84.44
Face Value: 10.00

Mar 2023

Equity Capital: 20
: 302
: 66
Trade Payables: 74
: 54
Total Liabilities: 516
: 60
Capital Work in Progress: 122
: 3
: 167
: 0
Cash & Bank: 26
: 139
Total Assets: 516
Total Debt: 90
Net Working Capital: 142
Contingent Liabilities: 42
Book Value per Share: 158.75
Face Value: 10.00
Total Debt: 90
Net Working Capital: 142
Contingent Liabilities: 42
Book Value per Share: 158.75
Face Value: 10.00

Mar 2024

Equity Capital: 20
: 386
: 100
Trade Payables: 174
: 91
Total Liabilities: 771
: 282
Capital Work in Progress: 12
: 3
: 226
: 177
Cash & Bank: 8
: 64
Total Assets: 771
Total Debt: 149
Net Working Capital: 146
Contingent Liabilities: 32
Book Value per Share: 200.09
Face Value: 10.00
Total Debt: 149
Net Working Capital: 146
Contingent Liabilities: 32
Book Value per Share: 200.09
Face Value: 10.00

Mar 2025

Equity Capital: 20
: 499
: 148
Trade Payables: 240
: 109
Total Liabilities: 1,017
: 310
Capital Work in Progress: 67
: 3
: 343
: 192
Cash & Bank: 13
: 90
Total Assets: 1,017
Total Debt: 192
Net Working Capital: 178
Contingent Liabilities: 19
Book Value per Share: 254.21
Face Value: 10.00
Total Debt: 192
Net Working Capital: 178
Contingent Liabilities: 19
Book Value per Share: 254.21
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Mar 2019

: -7
Cash from Investing: -1
Cash from Financing: 8
: -0
Free Cash Flow: -7
OCF / Net Profit: -1.78
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.78
Cumulative 5-Year FCF: 0

Mar 2020

: 2
Cash from Investing: -12
Cash from Financing: 10
: 0
Free Cash Flow: -5
OCF / Net Profit: 0.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.58
Cumulative 5-Year FCF: 0

Mar 2021

: 11
Cash from Investing: -2
Cash from Financing: -9
: -0
Free Cash Flow: 6
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 0

Mar 2022

: -60
Cash from Investing: -23
Cash from Financing: 83
: -0
Free Cash Flow: -71
OCF / Net Profit: -1.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.89
Cumulative 5-Year FCF: 0

Mar 2023

: 9
Cash from Investing: -167
Cash from Financing: 169
: 11
Free Cash Flow: -146
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: 0

Mar 2024

: 52
Cash from Investing: -100
Cash from Financing: 38
: -10
Free Cash Flow: -72
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: -287
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: -287

Mar 2025

: 69
Cash from Investing: -114
Cash from Financing: 47
: 2
Free Cash Flow: -32
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: -314
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: -314

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Mar 2019

EPS (₹): 4.29
Book Value (₹): 13.94
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.38
Operating Margin %: 8.46%
Net Margin %: 3.16%
ROE %: 30.80%
ROCE %: 19.37%
: 4.74%
Debtor Days: 66
Inventory Days: 111
Payable Days: 117
: 61
Debt to Equity (x): 2.42x
Interest Coverage (x): 2.59x
: 1.32x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 4.73
Book Value (₹): 18.64
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.76
Operating Margin %: 7.40%
Net Margin %: 2.32%
ROE %: 29.02%
ROCE %: 21.98%
: 4.43%
Debtor Days: 54
Inventory Days: 83
Payable Days: 86
: 51
Debt to Equity (x): 2.62x
Interest Coverage (x): 2.42x
: 1.27x
Revenue Growth %: 49.73%
Operating Profit Growth %: 30.87%
Net Profit Growth %: 10.08%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 27.06
Book Value (₹): 45.72
Dividend per Share (₹): 0.00
Cash EPS (₹): 18.78
Operating Margin %: 12.12%
Net Margin %: 7.64%
ROE %: 84.09%
ROCE %: 53.57%
: 19.30%
Debtor Days: 45
Inventory Days: 52
Payable Days: 58
: 38
Debt to Equity (x): 0.94x
Interest Coverage (x): 6.57x
: 1.49x
Revenue Growth %: 73.97%
Operating Profit Growth %: 184.97%
Net Profit Growth %: 472.48%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 20.80
Book Value (₹): 84.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 21.74
Operating Margin %: 13.27%
Net Margin %: 8.18%
ROE %: 37.60%
ROCE %: 37.04%
: 16.37%
Debtor Days: 56
Inventory Days: 65
Payable Days: 47
: 74
Debt to Equity (x): 0.50x
Interest Coverage (x): 7.08x
: 2.08x
Revenue Growth %: 25.09%
Operating Profit Growth %: 37.04%
Net Profit Growth %: 34.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 21.78
Book Value (₹): 158.75
Dividend per Share (₹): 1.00
Cash EPS (₹): 22.75
Operating Margin %: 12.94%
Net Margin %: 8.00%
ROE %: 19.62%
ROCE %: 22.99%
: 11.56%
Debtor Days: 48
Inventory Days: 86
Payable Days: 46
: 87
Debt to Equity (x): 0.28x
Interest Coverage (x): 7.06x
: 1.85x
Revenue Growth %: 42.76%
Operating Profit Growth %: 39.21%
Net Profit Growth %: 39.60%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 42.36
Book Value (₹): 200.09
Dividend per Share (₹): 1.00
Cash EPS (₹): 48.16
Operating Margin %: 18.24%
Net Margin %: 10.72%
ROE %: 23.61%
ROCE %: 28.45%
: 13.36%
Debtor Days: 56
Inventory Days: 89
Payable Days: 79
: 67
Debt to Equity (x): 0.37x
Interest Coverage (x): 6.24x
: 1.45x
Revenue Growth %: 45.22%
Operating Profit Growth %: 109.09%
Net Profit Growth %: 94.49%
: 94.49%
P/E (x): 44.53x
P/B (x): 9.43x
Dividend Yield %: 0.05%
: 26.56x

Mar 2025

EPS (₹): 45.46
Book Value (₹): 254.21
Dividend per Share (₹): 1.00
Cash EPS (₹): 54.54
Operating Margin %: 17.49%
Net Margin %: 9.69%
ROE %: 20.07%
ROCE %: 24.99%
: 10.39%
Debtor Days: 70
Inventory Days: 108
Payable Days: 118
: 61
Debt to Equity (x): 0.37x
Interest Coverage (x): 4.65x
: 1.40x
Revenue Growth %: 19.49%
Operating Profit Growth %: 19.24%
Net Profit Growth %: 8.04%
: 7.32%
P/E (x): 26.63x
P/B (x): 4.76x
Dividend Yield %: 0.08%
: 14.88x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

: 48.68
: 5.10
: 13.19
Government: 0.00
: 33.03

Sep 2024

: 47.94
: 5.25
: 14.15
Government: 0.00
: 32.66

Dec 2024

: 48.12
: 4.31
: 14.06
Government: 0.00
: 33.51

Mar 2025

: 48.12
: 5.81
: 14.53
Government: 0.00
: 31.55

Jun 2025

: 48.12
: 4.93
: 14.96
Government: 0.00
: 31.99

Sep 2025

: 48.44
: 4.25
: 15.13
Government: 0.00
: 32.18

Dec 2025

: 48.41
: 3.97
: 17.35
Government: 0.00
: 30.27

Mar 2026

: 48.41
: 2.71
: 17.49
Government: 0.00
: 31.38

Jun 2026

: 48.41
: 2.63
: 17.81
Government: 0.00
: 31.15

Documents

Announcements

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

Annual Reports

Credit Ratings

Credit Rating- Revision
2026-06-26 - Venus Pipes & Tubes Limited has informed the Exchange about Credit Rating- Revision

Concalls

Aug 2026
Transcript PPTREC
Jun 2026
TranscriptPPTREC
May 2026
TranscriptPPTREC