Venus Pipes and Tubes Limited share price
NSE: VENUSPIPES · ISIN INE0JA001018
Key numbers
- Market cap
- ₹ 4,481 Cr
- Current price
- ₹ 2,163.20
- 52-week high / low
- ₹ 2,348 / 890
- Stock P/E
- 43.8
- Book value
- ₹ 324.6
- Dividend yield
- 0.05%
- ROCE
- 20.8%
- ROE
- 17.0%
- Debt to equity
- 0.43
- Sales growth (3 yrs)
- 26.8%
- Profit growth (3 yrs)
- 32.1%
- 1-year return
- 52.8%
About Venus Pipes and Tubes Limited
Venus Pipes and Tubes Limited manufactures and sells stainless-steel pipes and tubes worldwide. The company offers stainless steel high precision and heat exchanger tubes; hydraulic and instrumentation tubes; seamless pipes; welded pipes; condenser tubes; and LSAW pipes, as well as fittings, including elbows, nipples, reducers, tees, end cap, and other products. It serves chemical, engineering, fertilizers, pharmaceutical, power, food processing, paper, oil and gas, paint, defence, aerospace, and other industries, as well as semiconductors and solar manufacturing industries. The company also exports its products. Venus Pipes and Tubes Limited was incorporated in 2015 and is headquartered in Gandhidham, India.
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 276 | 292 | 297 | 302 | 321 |
| Operating profit | 45 | 48 | 49 | 49 | 52 |
| Net profit | 25 | 26 | 26 | 26 | 26 |
| EPS (₹) | 12.12 | 12.74 | 12.46 | 12.38 | 12.75 |
Concall summary (2026-08-17)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- On Venus Pipes and Tubes Limited August 10, 2026 revenue front, revenue from operations for Q1 FY27 stood at INR320.5 crores compared to INR276.4 crores in Q1 FY26, registering a 16% year-on-year growth.
- PAT for Q1 FY27 stood at INR26.4 crores compared to INR24.8 crores in Q1 FY26, registering a 6.5% year-on- year growth.
Growth & demand
- Revenue growth was driven by a combination of volume growth and higher realization.
- Our order book for the quarter also stood strong at more than INR600 crores without considering the LOI of INR185 crores with a strong mix of domestic and export reflecting strong demand for our products.
Margins & costs
- Coming to EBITDA, EBITDA for the quarter stood at INR51.5 crores compared to INR44.9 crores in Q1 FY26, registering a 14.7% year-on-year growth.
- EBITDA margin stood at 16.1%, broadly stable compared to 16.2% in the corresponding quarter last year.
Capex & expansion
- We took another important step towards forward integration by entering into pipes spool business with a planned capex of around INR70 crores backed by LOI from client in data center segment as announced in the previous quarter.
- INR15-odd crores will be towards maintenance capex and all towards solar plant.
Balance sheet & cash
- Primarily net debt level, it is around INR325-odd crores(incorrectly pronounced as 280 crores).
- Kunal Bubna Around INR100-odd crores, we are targeting new capex and net debt is INR325-odd crores as on June 30.
Peers in Steel
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