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Venus Pipes & Tubes Ltd share Price

Company details

6M Return 61.10%
1Y Return 119.86%
Mkt Cap.(Cr) 2,525.43
Volume 188,694
Div Yield 0.04%
OI Chg %
Volume 188,694

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Iron & steel products company Venus Pipes & Tubes announced Q1FY24 results:

  • Highest-ever revenue of Rs 179.6 crore, a growth of 58.1% on a YoY basis
  • Highest-ever EBITDA of Rs 27.6 crore, a growth of 91.7% on a YoY basis
  • Highest-ever PAT of Rs 17.4 crore, a growth of 91.2% on a YoY basis
  • Total capex will be in the range of Rs 40-45 crore which will be funded from internal accruals

Commenting on the company’s financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes, said, “We are happy to report robust financial performance with Revenues growing at 58% YoY and EBITDA growing at 92% YoY, whilst EBIDTA margins increasing by ~269 bps YoY.

We started FY24 by commencing operations at our new facilities and now have tripled our capacity along with backward integration of manufacturing of mother hollow pipes. This has not only enhanced our competitiveness but also enabled us to enter new markets and customer segments.

The industry is witnessing a notable shift towards organized players due to the compulsory BIS certification and the implementation of Anti-Dumping Duty (ADD). This provides us with a great opportunity to seize the industry's structural changes. Moreover, the Indian capex cycle is underway, driven by government support and favorable policies, resulting in substantial investments across industries and increased demand for our products.

With a wide range of product SKUs and enhanced capacities, robust domestic demand, and increased opportunities in the export markets, we are optimistic about sustaining the growth momentum going forward.

We are well-positioned to capture new markets, forge stronger partnerships, and continue to raise the bar in terms of product excellence and customer satisfaction. At Venus, the company strives to increase its market share by adding to the product portfolio, expanding the client base and serving the existing clients better.”




Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Venus Pipes & Tubes Ltd Stocks COMPARISION


Equity Capital: 322.21 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45

Venus Pipes & Tubes Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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
Book Closure Date (Month) :
BSE Group : B
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 Oct 04, 2023 03:59 PM the closing price of Venus Pipes & Tubes Ltd was ₹ 1,244.30.

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 Oct 04, 2023 03:59 PM, the market cap of Venus Pipes & Tubes Ltd stood at ₹ 2,525.43.

The latest PE ratio of Venus Pipes & Tubes Ltd as of Oct 04, 2023 03:59 PM is 47.99

The latest PB ratio of Venus Pipes & Tubes Ltd as of Oct 04, 2023 03:59 PM is 0.13

The 52-week high of Venus Pipes & Tubes Ltd is ₹ 1,578.90 while the 52-week low is ₹ 568.50

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