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Venus Pipes & Tubes Ltd share Price Today

Company details

2,162.35
2,296.00
1,203.00
2,296.00
6M Return 61.07%
1Y Return 93.15%
Mkt Cap.(Cr) 4,575.53
Volume 279,127
Div Yield 0.02%
OI
-
OI Chg %
-
Volume 279,127

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Iron & Steel products company Venus Pipes & Tubes announced Q1FY25 results:

  • During the quarter, the company achieved its highest-ever quarterly revenue of Rs 240.1 crore, a stellar growth of 34%
  • EBITDA stood at Rs 47.9 crore growing by 74% YoY with a margin of 20%
  • PAT for the quarter stood at Rs 27.5 crore with margin standing at 11.5%
  • Our exports revenue continue to outperform driven by robust order inflows across markets. Exports revenue stood at Rs 60.9 crore, compared to Rs 7.7 crore in Q1FY24, a significant growth of 690%. Exports contribute 25% to the total revenues in Q1FY25, as compared to 4% in Q1FY24
  • We are witnessing increase in inquiries and order flows from a diverse range of industries such as oil & gas, pharma, engineering, power and others
  • Our overall orderbook remains robust, not only from Europe, but we are seeing strong traction from US and Middle East markets
  • Additionally, phase 1 capex of our value-added product lines is on track and is set for completion by March 2025
  • Rs 17.85 crore were received from holders of convertible warrants in accordance with the terms of the preferential allotment

Commenting on the Q1FY25 performance of the company Arun Kothari, Managing Director for Venus Pipes & Tubes Limited Said, “We are proud to have started FY25 with a strong quarter, showcasing exceptional performance. Our revenues reached Rs 240.1 crore, reflecting a robust growth of 33.7%. Our EBITDA stands at Rs 48 crore, growing by 73.6%, with margins at 20%. Meanwhile, our PAT has increased to Rs 27.5 crore, a growth of 58%.

During this quarter, our export performance has been exceptionally strong, with revenues increasing by an impressive 691% year-on-year, reaching Rs 60.9 crore and contributing 25% of our total revenues, up from 4% in Q1FY24. Sequentially, we have achieved significant growth of 123%. We are experiencing strong momentum not only in our key market of Europe but also seeing substantial traction in the US and Middle East markets. Moving forward, we have a robust order book from these regions and expect this export momentum to continue.

Furthermore, our high-margin seamless pipes segment continues its steady growth trajectory with a 22% increase in revenue. The welded pipes segment also experienced a substantial growth of 55%, fueled by strong order inflows from the oil & gas sector, where we see vast potential for further expansion.

Our order book stands strong, with orders pouring in from a diverse set of industries, predominantly from oil & gas, pharma, engineering, power and other sectors.

We are well-positioned to capitalize on the current growth momentum. Our strategic initiatives, robust order book, and expanding presence in key international markets are paving the way for sustained success. We remain steadfast in our commitment to delivering high-quality products that meet and exceed our customers expectations.”

Result PDF

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Venus Pipes & Tubes Ltd shares SWOT Analysis

Strengths (16)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,312.8
R2 2,371.2
R3 2,446.5
Pivot

2,237.58

S1 2,179.2
S2 2,103.9
S3 2,045.5
EMA SMA
2,138.2
2,097.2
1,987.1
1,770.0
2,118.3
2,118.8
2,014.5
1,709.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-29 1837.12 101480 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-29 1837.36 101480 NSE
PIONEER INVESTMENT FUND SCHEME II Bulk Purchase 2024-02-08 1500 253800 NSE
Name Category Shares
MEGHARAM S CHOUDHARY PROMOTER 17.31%
DHRUV MAHENDRAKUMAR PATEL PROMOTER 12.78%
ARUN AXAYKUMAR KOTHARI PROMOTER 6.23%
JAYANTIRAM MOTIRAM CHOUDHARY PROMOTER 5.83%
PAYAL ARUN BHAI KOTHARI PROMOTER 5.78%
JYOTI RAKESH LAHOTI PROMOTER 0.74%

FINANCIALS

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Venus Pipes & Tubes Ltd Stocks COMPARISON

Financials( in Cr) Venus Pipes & Tubes Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 2,254.40 874.50 157.39 937.80 4,030.00
% Change 10.55 -5.50 -6.30 -6.95 -11.01
Mcap Cr 4,575.53 213,854.95 196,478.31 95,663.85 77,946.65
Revenue TTM Cr 552.40 175,006.00 229,170.78 53,211.52 16,890.33
Net Profit TTM Cr 44.21 8,973.00 -4,909.61 3,974.09 1,722.53
PE TTM 51.97 30.96 26.54 16.70 63.87
1 Year Return 93.15 7.88 36.50 49.72 28.30
ROCE 36.21 13.51 6.61 14.17 26.63
ROE 37.60 12.52 7.33 13.27 37.98
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 322.21 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 7,979.66 51,130.08
LAST 3M 85,790.28 63,355.68
LAST 6M 176,360.83 62,258.99
LAST 12M 304,634.27 91,810.54
Board Meeting for Today

Jul 25, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

Jul 25, 2024 l NSE Board Meetings Forthcomming

Venus Pipes & Tubes Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jul 22, 2024 l NSE Announcement

Date Action Type Ratio
Nov 07, 2023 Dividend 5
Sep 18, 2023 Dividend 5
Nov 18, 2022 Dividend 5

Venus Pipes & Tubes Ltd Information

Stock PE (TTM)
51.97
Promoter Holding
48.68%
Book Value
200.0857
ROCE
36.21%
ROE
37.6%
Description
  • Venus Pipes & Tubes Private Limited was incorporated as a Private Limited Company on February 17, 2015 under the Companies Act, 2013. Thereafter, Company converted into a Public Limited and name of the Company was changed to Venus Pipes & Tubes Limited on September 16th, 2021. The Company is one of the growing stainless-steel pipes and tubes manufacturer and exporter in manufacturing of stainless-steel tubular products in 2 broad categories comprising of seamless tubes/pipes and welded tubes/pipes. It is currently manufacturing 5 product lines, 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. Apart from these, it supply products for applications in diverse sectors including chemicals, engineering; fertilizers; pharmaceuticals, power, food processing; paper; and oil and gas. In 2015, the Company established manufacturing plant at Dhaneti, Bhuj-Bhachau highway, close to Mundar and Kandla Ports. It commenced the production of stainless steel welded pipes, steel high precision & heat exchanger tubes, steel hydraulic & instrumentation tubes and steel box pipes at the plant located in Dhaneti, Gujarat. In 2017, it expanded the production line of stainless steel seamless pipes. It exported stainless steel welded and stainless steel seamless pipes in the European Union, Brazil, UK, Israel etc.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543528
NSE Code : VENUSPIPES
Book Closure Date (Month) :
BSE Group : A
ISIN : INE0JA001018

FAQ’s on Venus Pipes & Tubes Ltd Shares

You can buy Venus Pipes & Tubes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Venus Pipes & Tubes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 25, 2024 03:58 PM the closing price of Venus Pipes & Tubes Ltd was Rs.2,254.40.

The latest PE ratio of Venus Pipes & Tubes Ltd as of Jul 25, 2024 03:58 PM is 51.97

The latest PB ratio of Venus Pipes & Tubes Ltd as of Jul 25, 2024 03:58 PM is 0.09

The 52-week high of Venus Pipes & Tubes Ltd share price is Rs. 2,296.00 while the 52-week low is Rs. 1,203.00

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 Jul 25, 2024 03:58 PM, the market cap of Venus Pipes & Tubes Ltd stood at Rs. 4,575.53 Cr.

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