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Venus Pipes & Tubes Ltd share Price Today

Company details

1,853.30
1,910.95
721.00
1,929.70
6M Return 42.78%
1Y Return 160.82%
Mkt Cap.(Cr) 3,841.02
Volume 60,337
Div Yield 0.03%
OI
-
OI Chg %
-
Volume 60,337

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Iron & Steel Products company Venus Pipes & Tubes announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • Revenue of Rs 207.1 crore, a growth of 52.2% as compared to Rs 136.1 crore in Q3FY23
    • EBITDA of Rs 39.1 crore, a growth of 123.1% YoY as against Rs 17.5 crore in Q3FY23
    • PAT of Rs 23.3 crore, a growth of 106.6% YoY as against Rs 11.3 crore in Q3FY23
  • 9MFY24:
    • Revenue of Rs 578.1 crore, a growth of 53.7% as compared to Rs 376.1 crore in 9MFY23
    • EBITDA of Rs 101.2 crore, a growth of 113.0% YoY as against Rs 47.5 crore in 9MFY23
    • PAT of Rs 60.9 crore, a growth of 97.9% YoY as against Rs 30.8 crore in 9MFY23

Commenting on the financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes, said, “We are delighted to announce robust financial results, achieving our highest-ever revenues of Rs 207.1 crore, reflecting a remarkable 52.2% YoY growth. Our EBITDA has also surged by an impressive 123.1% YoY, with EBITDA margins reaching 18.9% for Q3FY24. Revenues for 9MFY24 stood at Rs 578.1 crore witnessing a growth of 53.7% YoY with EBITDA margins standing at 17.5%.

During the quarter, we have operationalised 200 MTPM out of the 400 MTPM of additional capacity expansion of Seamless Pipes and the rest of the capacity expansion will be completed in Q4FY24. Additionally, we are proud to say that we are among a handful of companies in the country to receive approvals from leading oil and gas companies from India & Middle East. These approvals are a testament to the quality of our offerings and strengthen our goal of leading the stainless-steel pipes & tubes industry.

Our efforts in Europe are bearing fruit with exports now contributing 17% to our total revenues. Our commitment to delivering products that meet European standards has solidified our brand as a trusted player. With the goal of expanding our global footprint, we are focusing on increasing our presence across the Middle East, Africa & US and we have already appointed Senior Marketing representatives for these regions. Our goal is to replicate the success we've achieved in Europe and extend our brand presence in America, Africa & Middle East. We remain proactive in identifying and capitalizing on new opportunities across diverse geographies to further enhance our brand presence.

Leveraging our strong partnerships and quality offerings with increased SKUs, we are confident of deeper market penetration, and continue to focus and increase our efforts to take brand Venus to newer geographies across India and the world.”

 

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Venus Pipes & Tubes Ltd shares SWOT Analysis

Strengths (16)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (3)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,917.9
R2 1,943.2
R3 1,975.5
Pivot

1,885.58

S1 1,860.2
S2 1,827.9
S3 1,802.6
EMA SMA
1,745.3
1,644.4
1,539.1
1,380.2
1,758.1
1,615.9
1,498.6
1,406.1
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

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
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P BV

Venus Pipes & Tubes Ltd Stocks COMPARISON

Financials( in Cr) Venus Pipes & Tubes Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Jindal Stainless Ltd
Price 1,892.50 830.20 155.85 849.15 694.45
% Change 0.92 1.49 2.06 1.93 -1.20
Mcap Cr 3,841.02 203,021.59 194,555.85 86,620.77 57,183.44
Revenue TTM Cr 552.40 165,960.00 243,352.69 53,211.52 35,697.03
Net Profit TTM Cr 44.21 4,139.00 8,075.35 3,974.09 2,083.83
PE TTM 51.48 18.79 79.14 15.60 19.71
1 Year Return 160.82 26.01 52.35 57.42 138.11
ROCE 36.21 8.60 12.10 14.17 20.22
ROE 37.60 6.22 7.48 13.27 19.16
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 322.21 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

Venus Pipes & Tubes Ltd Information

Stock PE (TTM)
51.48
Promoter Holding
48.68%
Book Value
176.8103
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 Mar 28, 2024 03:47 PM the closing price of Venus Pipes & Tubes Ltd was ₹ 1,892.50.

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 Mar 28, 2024 03:47 PM, the market cap of Venus Pipes & Tubes Ltd stood at ₹ 3,841.02.

The latest PE ratio of Venus Pipes & Tubes Ltd as of Mar 28, 2024 03:47 PM is 51.48

The latest PB ratio of Venus Pipes & Tubes Ltd as of Mar 28, 2024 03:47 PM is 0.09

The 52-week high of Venus Pipes & Tubes Ltd share price is ₹ 1,929.70 while the 52-week low is ₹ 721.00

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