About
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.
Key Metrics
as of Sep 2026Market Cap3,379 Cr
P/E32.50
Div Yield0.06 %
Book Value₹323.00
52w High₹1,875.00
52w Low₹888.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 321.00 | 302.00 | 297.00 | 292.00 | 276.00 | 258.00 | 231.00 | 229.00 | 240.00 | 224.00 | 207.00 | 191.00 | 180.00 |
| Expenses | 269.00 | 253.00 | 248.00 | 244.00 | 232.00 | 217.00 | 194.00 | 188.00 | 192.00 | 179.00 | 168.00 | 157.00 | 152.00 |
| Operating Profit | 52.00 | 49.00 | 49.00 | 48.00 | 45.00 | 42.00 | 37.00 | 41.00 | 48.00 | 45.00 | 39.00 | 35.00 | 28.00 |
| OPM % | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 18.00 | 20.00 | 20.00 | 19.00 | 18.00 | 15.00 |
| Other Income | 3.00 | 2.00 | 2.00 | 3.00 | 4.00 | 5.00 | 1.00 | 4.00 | 1.00 | 0.00 | 2.00 | 0.00 | 1.00 |
| Depreciation | 7.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 | 3.00 | 1.00 |
| Interest | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 6.00 | 5.00 | 3.00 |
| Profit before tax | 36.00 | 35.00 | 34.00 | 34.00 | 34.00 | 32.00 | 24.00 | 32.00 | 37.00 | 34.00 | 31.00 | 27.00 | 23.00 |
| Tax % | 26.00 | 27.00 | 25.00 | 24.00 | 27.00 | 27.00 | 26.00 | 26.00 | 25.00 | 26.00 | 25.00 | 26.00 | 26.00 |
| Net Profit | 26.00 | 26.00 | 26.00 | 26.00 | 25.00 | 24.00 | 18.00 | 24.00 | 28.00 | 25.00 | 23.00 | 20.00 | 17.00 |
| EPS in Rs | 12.75 | 12.31 | 12.36 | 12.67 | 12.08 | 11.60 | 8.82 | 11.62 | 13.58 | 12.34 | 11.47 | 9.98 | 8.58 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,167.00 | 959.00 | 802.00 | 552.00 | 387.00 | 309.00 | 178.00 | 119.00 |
| Expenses | 976.00 | 791.00 | 656.00 | 483.00 | 338.00 | 275.00 | 166.00 | 110.00 |
| Operating Profit | 191.00 | 168.00 | 146.00 | 69.00 | 49.00 | 35.00 | 12.00 | 8.00 |
| OPM % | 16.00 | 17.00 | 18.00 | 13.00 | 13.00 | 11.00 | 7.00 | 7.00 |
| Other Income | 11.00 | 11.00 | 3.00 | 2.00 | 2.00 | 3.00 | 2.00 | 2.00 |
| Interest | 41.00 | 34.00 | 22.00 | 10.00 | 7.00 | 6.00 | 5.00 | 3.00 |
| Depreciation | 24.00 | 19.00 | 12.00 | 2.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Profit before tax | 137.00 | 125.00 | 116.00 | 60.00 | 43.00 | 31.00 | 6.00 | 5.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 24.00 | 36.00 | 24.00 |
| Net Profit | 102.00 | 93.00 | 86.00 | 44.00 | 32.00 | 24.00 | 4.00 | 4.00 |
| EPS in Rs | 49.22 | 45.47 | 42.36 | 21.78 | 20.81 | 27.06 | 4.73 | 4.29 |
| Dividend Payout % | 2.00 | 2.00 | 1.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21.00 | 20.00 | 20.00 | 20.00 | 15.00 | 9.00 | 9.00 | 9.00 |
| Reserves | 648.00 | 511.00 | 386.00 | 302.00 | 113.00 | 31.00 | 8.00 | 3.00 |
| Borrowings | 287.00 | 192.00 | 149.00 | 90.00 | 64.00 | 38.00 | 43.00 | 29.00 |
| Other Liabilities | 344.00 | 285.00 | 202.00 | 95.00 | 55.00 | 60.00 | 48.00 | 38.00 |
| Total Liabilities | 1,300.00 | 1,008.00 | 758.00 | 507.00 | 248.00 | 138.00 | 107.00 | 79.00 |
| Fixed Assets | 399.00 | 310.00 | 282.00 | 60.00 | 21.00 | 20.00 | 12.00 | 10.00 |
| CWIP | 124.00 | 67.00 | 12.00 | 122.00 | 7.00 | 0.00 | 3.00 | 0.00 |
| Investments | 1.00 | 3.00 | 3.00 | 3.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 776.00 | 629.00 | 461.00 | 323.00 | 218.00 | 118.00 | 92.00 | 69.00 |
| Total Assets | 1,300.00 | 1,008.00 | 758.00 | 507.00 | 248.00 | 138.00 | 107.00 | 79.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 112.00 | 69.00 | 52.00 | 9.00 | -60.00 | 11.00 | 2.00 | -7.00 |
| Cash from Investing Activity | -203.00 | -114.00 | -100.00 | -167.00 | -23.00 | -2.00 | -12.00 | -1.00 |
| Cash from Financing Activity | 94.00 | 47.00 | 38.00 | 169.00 | 83.00 | -9.00 | 10.00 | 8.00 |
| Net Cash Flow | 3.00 | 2.00 | -10.00 | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | -76.00 | -40.00 | -55.00 | -153.00 | -81.00 | 6.00 | -5.00 | -9.00 |
| CFO/OP % | 76.00 | 52.00 | 49.00 | 40.00 | -99.00 | 35.00 | 30.00 | -65.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81.00 | 73.00 | 81.00 | 47.00 | 69.00 | 53.00 | 63.00 | 66.00 |
| Inventory Days | 183.00 | 196.00 | 143.00 | 137.00 | 108.00 | 62.00 | 103.00 | 130.00 |
| Days Payable | 141.00 | 137.00 | 110.00 | 61.00 | 45.00 | 59.00 | 96.00 | 117.00 |
| Cash Conversion Cycle | 124.00 | 132.00 | 114.00 | 123.00 | 133.00 | 56.00 | 70.00 | 80.00 |
| Working Capital Days | 59.00 | 62.00 | 62.00 | 75.00 | 99.00 | 40.00 | 28.00 | 46.00 |
| ROCE % | 21.00 | 25.00 | 28.00 | 23.00 | 37.00 | 53.00 | 22.00 | — |
Corporate Actions
7 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Nov 2025 | 18 Nov 2025 | — | 0.50 | |
| Dividend | 18 Sep 2025 | 18 Sep 2025 | — | 0.50 | |
| Dividend | 29 Nov 2024 | 29 Nov 2024 | — | 0.50 | |
| Dividend | 17 Sep 2024 | 18 Sep 2024 | — | 0.50 | |
| Dividend | 07 Nov 2023 | 07 Nov 2023 | — | 0.50 | |
| Dividend | 18 Sep 2023 | 18 Sep 2023 | — | 0.50 | |
| Dividend | 18 Nov 2022 | 21 Nov 2022 | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 Jun from crisil
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Rating update19 Dec 2025 from infomerics
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Rating update20 Jun 2025 from crisil
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Rating update1 Oct 2024 from infomerics
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Rating update4 Jun 2024 from crisil
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Rating update30 Jun 2023 from crisil