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About
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
₹1,631.65 34.85 (2.18%)
As on 04-Sep'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
₹1,631.65 34.85 (2.18%)
As on 04-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹3,380 Cr.
Current Price
₹1,631.7
52-Week Low / High
₹888 / 1,870
TTM EPS
₹50
TTM Sales
₹1,211 Cr.
Book Value per Share
₹335.4
P/E Ratio
32.62
Lower than its 5-year historical median
Industry PE
25.3
Price to Book (P/B)
4.86
Lower than its 5-year historical median
Price to Sales (P/S)
2.79
Lower than its 5-year historical median
EV/EBITDA
17.51
Lower than its 5-year historical median
Dividend Yield
0.06%
Profitability Efficiency
Return on Equity (ROE)
17.17%
Outperforms industry median
Return on Capital Employed (ROCE)
21.25%
Outperforms industry median
Return on Assets (ROA)
8.75%
Operating Profit Margin
16.3%
Net Profit Margin
8.74%
Gross Profit Margin
13.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
21.73%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.71%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.76%
Asset Quality
Promoter Holding
48.41%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹674 Cr.
Equity
₹20.7 Cr.
Face Value
₹10
All Time Low / High
₹316.40 / 2489.95
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Venus Pipes & Tubes Ltd vs industry peers?
Venus Pipes & Tubes Ltd revenue CAGR is 30.41%, compared to the industry median CAGR of 8.22%, indicating faster growth and gaining its market share.
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.
Stock return of Venus Pipes & Tubes Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 1.8% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.4% | 22% | 53.6% | 37% | 23% | 28.5% | 25% | 21.3% | - |
| Value Creation Index ⓘ | 0.4 | 0.6 | 2.8 | 1.7 | 0.6 | 1.0 | 0.8 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||
| Sales ⓘ | 119 | 178 | 309 | 387 | 552 | 802 | 959 | 1,167 | 1,211 |
| Sales YoY Gr. | - | 49.7% | 74% | 25.1% | 42.8% | 45.2% | 19.5% | 21.7% | - |
| Adj EPS ⓘ | 3 | 3.1 | 17.4 | 20.5 | 21.8 | 41.5 | 43 | 46.9 | 50 |
| YoY Gr. | - | 2.7% | 462.8% | 17.7% | 6.3% | 90.9% | 3.6% | 9.1% | - |
| BVPS (₹) ⓘ | 9.3 | 12.4 | 30.5 | 84.4 | 158.8 | 200.1 | 254.2 | 322.7 | 335.4 |
| Adj Net Profit ⓘ | 3.9 | 4.1 | 22.8 | 31.2 | 44.1 | 84.3 | 87.9 | 97.2 | 104 |
| Cash Flow from Ops. ⓘ | -6.7 | 2.4 | 11.3 | -60 | 8.7 | 52.2 | 68.7 | 112 | - |
| Debt/CF from Ops. ⓘ | -4.4 | 17.7 | 3.3 | -1.1 | 10.4 | 2.9 | 2.8 | 2.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 30.4% | 28.3% | 21.7% | ||||
| Adj EPS ⓘ | NA | 22% | 29.2% | 9.1% | ||||
| BVPSⓘ | NA | 60.3% | 26.7% | 26.9% | ||||
| Share Price | - | - | 1.5% | 23.7% | ||||
Key Financial Parameters ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 32.4 | 28.4 | 81.1 | 37 | 19.6 | 23.1 | 18.8 | 16.2 | 15.2 |
| Op. Profit Mgn % ⓘ | 7.2 | 6.5 | 11.2 | 12.7 | 12.5 | 18.2 | 17.5 | 16.3 | 16.3 |
| Net Profit Mgn % ⓘ | 3.3 | 2.3 | 7.4 | 8.1 | 8 | 10.5 | 9.2 | 8.3 | 8.6 |
| Debt to Equity ⓘ | 2.4 | 2.6 | 0.9 | 0.5 | 0.3 | 0.4 | 0.4 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 158 | 118 | 153 | 171 | 176 | 208 | 217 | 110 |
| Cash Conv. Cycle ⓘ | 0 | 59 | 41 | 81 | 93 | 77 | 93 | 88 | 33 |
Valuation of Venus Pipes & Tubes - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 1.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 178 | 309 | 387 | 552 | 802 | 959 | 1,167 |
| Operating Expenses ⓘ + | 110 | 166 | 275 | 338 | 483 | 656 | 791 | 976 |
| Operating Profit ⓘ | 8 | 12 | 35 | 49 | 69 | 146 | 168 | 191 |
| Operating Profit Margin (%) | 7.0% | 6.5% | 11.2% | 12.7% | 12.5% | 18.2% | 17.5% | 16.3% |
| Other Income ⓘ + | 2 | 2 | 3 | 2 | 2 | 3 | 11 | 12 |
| Interest ⓘ | 3 | 5 | 6 | 7 | 10 | 22 | 34 | 41 |
| Depreciation ⓘ | 2 | 2 | 1 | 1 | 2 | 12 | 19 | 24 |
| Profit Before Tax ⓘ | 5 | 6 | 31 | 43 | 60 | 116 | 125 | 137 |
| Tax ⓘ | 1 | 2 | 7 | 11 | 15 | 30 | 32 | 35 |
| Profit After Tax | 4 | 4 | 24 | 32 | 44 | 86 | 93 | 102 |
| PAT Margin (%) | 3.2% | 2.3% | 7.6% | 8.2% | 8.0% | 10.7% | 9.7% | 8.7% |
| Adjusted EPS (₹) | 2.9 | 3.2 | 18.0 | 20.8 | 21.8 | 42.4 | 45.5 | 49.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 4.60% | 2.40% | 2.20% | 2% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 12 | 16 | 40 | 129 | 322 | 406 | 519 | 668 | |||
| Debt + | 28 | 39 | 33 | 58 | 81 | 134 | 176 | 255 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Payables | 32 | 41 | 42 | 38 | 74 | 174 | 240 | 297 | |||
| Others Liabilities ⓘ | 7 | 11 | 22 | 24 | 38 | 57 | 81 | 94 | |||
| Total Liabilities ⓘ | 79 | 107 | 138 | 249 | 516 | 771 | 1,017 | 1,315 | |||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 10 | 12 | 20 | 21 | 60 | 282 | 310 | 399 | |||
| CWIP ⓘ | 0 | 3 | 0 | 7 | 122 | 12 | 67 | 124 | |||
| Investments ⓘ | 0 | 0 | 0 | 1 | 3 | 3 | 3 | 1 | |||
| Inventories | 36 | 44 | 44 | 93 | 167 | 226 | 343 | 387 | |||
| Trade Receivables | 22 | 31 | 45 | 74 | 70 | 177 | 192 | 260 | |||
| Cash Equivalents | 2 | 5 | 4 | 7 | 26 | 8 | 13 | 29 | |||
| Others Assets ⓘ | 10 | 11 | 24 | 45 | 68 | 64 | 90 | 116 | |||
| Total Assets ⓘ | 79 | 107 | 138 | 249 | 516 | 771 | 1,017 | 1,315 | |||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -7 | 2 | 11 | -60 | 9 | 52 | 69 | 112 |
| Cash Flow From Investing Activity ⓘ + | -1 | -12 | -2 | -23 | -167 | -100 | -114 | -203 |
| Cash Flow From Financing Activity ⓘ + | 8 | 10 | -9 | 83 | 169 | 38 | 47 | 94 |
| Net Cash Flow ⓘ | -0 | 0 | -0 | -0 | 11 | -10 | 2 | 3 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 30.8 | 29.02 | 84.09 | 37.6 | 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 | ||
| Asset Turnover Ratio | 1.5 | 1.91 | 2.53 | 2 | 1.44 | 1.25 | 1.07 | 1 | ||
| PAT to CFO Conversion(x) | -1.75 | 0.5 | 0.46 | -1.88 | 0.2 | 0.6 | 0.74 | 1.1 | ||
| Working Capital Days | ||||||||||
| Receivable Days | 66.50 | 53.80 | 44.70 | 55.90 | 47.60 | 56.30 | 70.30 | 70.70 | ||
| Inventory Days | 111.20 | 82.60 | 52.20 | 64.90 | 86 | 89.40 | 108.30 | 114.10 | ||
| Payable Days | 116.60 | 85.70 | 58.40 | 46.90 | 46.20 | 78.70 | 118.10 | 127.20 | ||
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Venus Pipes & Tubes Ltd FAQs
The current trading price of Venus Pipes & Tubes on 04-Sep-2026 16:59 is ₹1,631.7.
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 03-Sep-2026 the market cap of Venus Pipes & Tubes stood at ₹3,380.1 Cr
The latest P/E ratio of Venus Pipes & Tubes as of 03-Sep-2026 is 32.62.
The latest P/B ratio of Venus Pipes & Tubes as of 03-Sep-2026 is 4.86.
The 52-week high of Venus Pipes & Tubes is ₹1,870 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 ₹1,211 ( 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 Semi Strong which suggest that the price of Venus Pipes & Tubes Ltd is likely to Rise-somewhat 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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