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Venus Pipes & Tubes Ltd (VENUSPIPES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543528 NSE: VENUSPIPES Steel & Iron Products | Small Cap | Venus Pipes & Tubes Share Price

₹1,784.10 -20.50 (-1.14%)

As on 02-Jul'26 16:59

Venus Pipes & Tubes Ltd (VENUSPIPES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543528 NSE: VENUSPIPES Steel & Iron Products | Small Cap | Venus Pipes & Tubes Share Price

₹1,784.10 -20.50 (-1.14%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,696 Cr.
Current Price
₹1,784.1
52-Week Low / High
₹888 / 1,817
TTM EPS
₹49.2
TTM Sales
₹1,167 Cr.
Book Value per Share
₹322.7
P/E Ratio
36.25
In line with its 5-year historical median
Industry PE
24.3
Price to Book (P/B)
5.53
Higher than its 5-year historical median
Price to Sales (P/S)
3.17
In line with its 5-year historical median
EV/EBITDA
19.55
In line with its 5-year historical median
Dividend Yield
0.06%
Profitability Efficiency
Return on Equity (ROE)
20.07%
Outperforms industry median
Return on Capital Employed (ROCE)
24.99%
Outperforms industry median
Return on Assets (ROA)
10.39%
Operating Profit Margin
17.5%
Net Profit Margin
9.69%
Gross Profit Margin
15%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
19.49%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.54%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.04%
Asset Quality
Promoter Holding
48.41%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹648 Cr.
Equity
₹20.7 Cr.
Face Value
₹10
All Time Low / High
₹316.40 / 2489.95

Venus Pipes & Tubes stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Venus Pipes & Tubes Ltd a good quality company?
Venus Pipes & Tubes Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Venus Pipes & Tubes Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Venus Pipes & Tubes Ltd vs industry peers?
Venus Pipes & Tubes Ltd revenue CAGR is 40.07%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Venus Pipes & Tubes Ltd?
Promoters hold 48.41% of the Venus Pipes & Tubes Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Venus Pipes & Tubes Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 15.08% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Venus Pipes & Tubes Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 19.4%22%53.6%37%23%28.5%25%-
Value Creation
Index
0.40.62.81.70.61.00.8-

Growth Parameters

Sales 1191783093875528029591,167
Sales YoY Gr.-49.7%74%25.1%42.8%45.2%19.5%-
Adj EPS 33.117.420.521.841.54349.2
YoY Gr.-2.7%462.8%17.7%6.3%90.9%3.6%-
BVPS (₹) 9.312.430.584.4158.8200.1254.2322.7
Adj Net
Profit
3.94.122.831.244.184.387.9102
Cash Flow from Ops. -6.72.411.3-608.752.268.7-
Debt/CF from Ops. -4.417.73.3-1.110.42.92.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA40.1%35.3%19.5%
Adj EPS NA69.3%28.1%3.6%
BVPSNA82.9%44.4%27.1%
Share Price - - 15.7% 24.3%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
32.428.481.13719.623.118.817.1
Op. Profit
Mgn %
7.26.511.212.712.518.217.516.3
Net Profit
Mgn %
3.32.37.48.1810.59.28.7
Debt to
Equity
2.42.60.90.50.30.40.40.1
Working Cap
Days
0158118153171176208110
Cash Conv.
Cycle
059418193779333

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales119178309387552802959
Operating Expenses + 110166275338483656791
Manufacturing Costs34510163666
Material Costs102157261315445575640
Employee Cost 3336102238
Other Costs 3346122248
Operating Profit 812354969146168
Operating Profit Margin (%) 7.0%6.5%11.2%12.7%12.5%18.2%17.5%
Other Income + 22322311
Exceptional Items 0000000
Interest 3567102234
Depreciation 221121219
Profit Before Tax 56314360116125
Tax 12711153032
Profit After Tax 442432448693
PAT Margin (%) 3.2%2.3%7.6%8.2%8.0%10.7%9.7%
Adjusted EPS (₹)2.93.218.020.821.842.445.5
Dividend Payout Ratio (%)0%0%0%0%4.60%2.40%2.20%

Valuation of Venus Pipes & Tubes - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 121640129322406519
Share Capital 99915202020
Reserves 3831113302386499
Debt +2839335881134176
Long Term Debt14191814253428
Short Term Debt1320154456100148
Minority Interest0000000
Trade Payables3241423874174240
Others Liabilities 7112224385781
Total Liabilities 791071382495167711,017

Fixed Assets

Net Fixed Assets +1012202160282310
Gross Block1216252868302348
Accumulated Depreciation245682038
CWIP 03071221267
Investments 0001333
Inventories36444493167226343
Trade Receivables2231457470177192
Cash Equivalents 254726813
Others Assets 10112445686490
Total Assets 791071382495167711,017

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -7211-6095269
PBT 56314360116125
Adjustment 345673044
Changes in Working Capital -13-7-24-97-39-73-83
Tax Paid -1-1-1-11-19-20-18
Cash Flow From Investing Activity + -1-12-2-23-167-100-114
Capex -2-7-5-21-162-107-108
Net Investments -0-51-3-87-7
Others 1010201
Cash Flow From Financing Activity + 810-9831693847
Net Proceeds from Shares 00057150035
Net Proceeds from Borrowing 00001415-6
Interest Paid -2-3-4-5-7-19-28
Dividend Paid 0000-1-2-2
Others 1013-531124448
Net Cash Flow -00-0-011-102

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)30.829.0284.0937.619.6223.6120.07
ROCE (%)19.3721.9853.5737.0422.9928.4524.99
Asset Turnover Ratio1.51.912.5321.441.251.07
PAT to CFO Conversion(x)-1.750.50.46-1.880.20.60.74
Working Capital Days
Receivable Days66.5053.8044.7055.9047.6056.3070.30
Inventory Days111.2082.6052.2064.908689.40108.30
Payable Days116.6085.7058.4046.9046.2078.70118.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.001.520.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Venus Pipes & Tubes Ltd FAQs

The current trading price of Venus Pipes & Tubes on 02-Jul-2026 16:59 is ₹1,784.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Venus Pipes & Tubes stood at ₹3,696 Cr

The latest P/E ratio of Venus Pipes & Tubes as of 01-Jul-2026 is 36.25.

The latest P/B ratio of Venus Pipes & Tubes as of 01-Jul-2026 is 5.53.

The 52-week high of Venus Pipes & Tubes is ₹1,816.6 and the 52-week low is ₹888.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Venus Pipes & Tubes is ₹1,167 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Venus Pipes & Tubes Ltd is a average quality company.

The key valuation ratios of Venus Pipes & Tubes Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Venus Pipes & Tubes Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Venus Pipes & Tubes Ltd

The company was incorporated in 2015, as Venus Pipes & Tubes Private Limited, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Registrar of Companies, Gujarat, India (RoC) on February 17, 2015. Thereafter, the company was converted into a public limited company, and the name of the company was changed to Venus Pipes & Tubes Limited pursuant to a revised certificate of incorporation issued by RoC on September 16, 2021, recording the change of the Company’s name to ‘Venus Pipes & Tubes Limited’.

Venus Pipes & Tubes is one of the growing stainless steel pipes and tubes manufacturer and exporter in India having over six years of experience in manufacturing of stainless steel tubular products in two broad categories: (i) seamless tubes/pipes; and (ii) welded tubes/pipes, under which it is currently manufacturing five product lines, namely, (i) stainless steel high precision & heat exchanger tubes; (ii) stainless steel hydraulic & instrumentation tubes; (iii) stainless steel seamless pipes; (iv) stainless steel welded pipes; and (v) stainless steel box pipes (Products). Under its brand name ‘Venus’, it supply its Products for applications in diverse sectors including (i) chemicals, (ii) engineering; (iii) fertilizers; (iv) pharmaceuticals, (v) power, (vi) food processing;(vii) paper; and (viii) oil and gas.

The company has one manufacturing plant which is strategically located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) (Manufacturing Facility) in close proximity, around 55 kilometers and 75 from the ports of Kandla and Mundra, respectively, that helps it in reducing its logistic costs on procurement of raw materials and imports and export of its Products. Its Manufacturing Facility has separate seamless and welded divisions with latest product-specific equipment and machineries including tube mills, pilger mills, draw benches, swaging machines, pipe straightening machines, TIG/MIG welding systems, plasma welding systems, etc.

Business area of the company

Venus Pipes & Tubes 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.

Awards, accreditations and recognition

  • 2016: The company’s manufacturing facilities at Dhaneti have been accredited with management system standards certificate for compliance with ISO 9001: 2015, ISO 14001:2015 requirements.
  • 2017: The company has been verified and recognized as material manufacturer according to AD 2000 - Merkblatt W0 by The TUV NORD Systems GmbH & Co. KG.
  • 2017: The company has been certified as quality-assurance system related to the material by The TUV NORD Systems GmbH & Co. KG.
  • 2018: The company has received approval for manufacturing of Carbon Steel, Alloy Steel, Stainless Steel Welded & Seamless Pipes up to 400 mm NB / Tubes up to 101.60 mm O.D. & U-Tubes under inspection of Indian Boiler Regulations – 1950 from the Office of the Director of Boiler, Gujarat.
  • 2018: The company’s manufacturing facilities at Dhaneti have been accredited with management system standards certificate for compliance with ISO 45001: 2018.

Major events and milestones

  • 2015: Incorporation of the Company.
  • 2015: Established manufacturing plant at Dhaneti, Bhuj-Bhachau highway, close to Mundar and Kandla Ports.
  • 2015: Commenced the production of stainless steel welded pipes, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes and stainless steel box pipes at its manufacturing plant located at Dhaneti, Kutch, Gujarat.
  • 2017: Addition of stainless steel seamless pipes to production line.
  • 2017: Started exporting stainless steel welded and stainless steel seamless pipes to countries in the European Union, Brazil, UK, Israel etc.
  • 2017: Registered company’s trademark under Class 6 of Trademarks Act in respect of “manufacturer of stainless steel and carbon steel pipes and fittings” which is valid till 2027.
  • 2021: Conversion from a private limited company to public limited company.
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