Overview

Detailed Summary

Venus Pipes & Tubes Limited manufactures stainless-steel seamless and welded pipes, tubes, condenser tubes and related fittings from an integrated facility at Dhaneti, Kutch, serving domestic and international customers across power, oil & gas, petrochemicals, engineering, pharmaceuticals and other critical industries with approvals and certifications for global supply.
The company reported an all-time high quarterly revenue of INR 296.7 crore in Q3 FY26 (+28% YoY), with EBITDA of INR 48.8 crore (16.4% margin) and PAT of INR 25.6 crore (8.6% margin), reflecting simultaneous top-line growth and operating leverage despite one-time labour code impacts reported for the period.
Venus has expanded installed capacity to ~43,800 MTPA (27,600 MTPA welded and 16,200 MTPA seamless) and completed backward integration via a piercing line (14,400 MTPA); ongoing capex of ~INR 175 crore targets fittings and higher-grade seamless SKUs with fittings capacity expected to be operational in H2 FY26, accelerating value-added revenue share.
Exports have become a material revenue pillar with sales into 30+ countries and exports contributing ~32% of Q3 FY26 revenue; the company highlights strong approvals in Europe, recent clarity on US tariffs and an intent to maintain export contribution at or above ~30%, supporting margin upside and geographic diversification.

Sector: Industrial Products
Industry: Iron & Steel Products
Market Cap: 3,535 Cr
Volatility: High Risk
P/E Ratio: 34.6
Industry P/E: 35.5
PEG Ratio: 4.0
P/B Ratio: 5.3
52W High: 1,870.00
52W Low: 888.45

Sales CAGR

1Y: 19.49%
3Y: 35.31%
5Y: 40.07%
10Y: —

Profit CAGR

1Y: 8.04%
3Y: 43.15%
5Y: 86.40%
10Y: —

ROE

TTM: 15.25%
3Y: 17.71%
5Y: 19.49%
10Y: —

ROCE

TTM: 18.65%
3Y: 26.76%
5Y: 28.80%
10Y: —

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Peers

Industrials Capital Goods Industrial Products Iron & Steel Products

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MANINDS		524.50	3,978 Cr	23.33	1.91	0.00	8.17	14.30	3.40
KSL		895.00	3,899 Cr	14.78	1.85	1.12	12.25	13.51	8.61
VENUSPIPES		1702.00	3,526 Cr	34.47	5.27	0.03	15.25	18.65	7.85
SAMBHV		115.80	3,408 Cr	23.55	3.23	0.00	13.49	16.22	6.88
WELSPLSOL		51.50	3,396 Cr	119.19	7.44	0.00	4.97	9.80	3.28
VSSL		296.75	2,868 Cr	31.15	2.42	0.86	11.67	15.64	8.20
JTLIND		72.42	2,777 Cr	28.17	1.87	0.18	6.62	8.46	5.16
Median: 7 Co.	—	296.75	3,408 Cr	28.17	2.42	0.03	11.67	14.30	6.88

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	207	224	240	229	231	258	276	292	297	302
Expenses	168	179	192	188	194	217	232	244	248	253
Operating Profit	39	45	48	41	37	42	45	48	49	49
OPM %	18.85	20.09	19.96	17.89	16.04	16.12	16.21	16.30	16.46	16.35
Other Income	2.00	0.14	1.02	3.65	0.97	5.02	3.92	2.97	1.95	2.33
Interest	6.20	7.53	7.65	8.18	9.11	9.42	9.79	10	10	10
Depreciation	3.68	3.83	4.34	4.64	4.76	4.79	5.22	5.96	6.11	6.29
Profit Before Tax	31	34	37	32	24	32	34	34	34	35
Tax %	25.32	25.94	25.45	25.57	25.74	26.87	26.55	24.20	25.18	27.06
Net Profit	23	25	28	24	18	24	25	26	26	26
EPS in Rs	11.24	12.09	13.24	11.35	8.65	11.45	11.88	12.60	12.43	12.36

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	119	178	309	387	552	802	959	995
Expenses	110	166	275	338	483	656	791	830
Operating Profit	8.29	12	35	49	69	146	168	164
OPM %	6.98	6.54	11.24	12.72	12.51	18.24	17.49	16.53
Other Income	1.75	1.51	2.70	2.12	2.40	3.18	11	14
Interest	3.11	4.55	5.56	7.06	9.84	22	34	37
Depreciation	1.99	2.11	0.97	1.43	1.97	12	19	19
Profit Before Tax	4.95	6.49	31	43	60	116	125	122
Tax %	24.18	36.36	23.65	26.14	25.93	25.65	25.91	26.21
Net Profit	3.75	4.13	24	32	44	86	93	90
EPS in Rs	—	—	—	24.52	22.15	41.51	44.69	49.27
Dividend Payout %	0.00	0.00	0.00	0.00	2.21	1.18	2.19	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8.73	8.73	8.73	15	20	20	20
Reserves	3.44	7.54	31	113	302	386	511
Borrowings	29	39	38	64	90	149	192
Other Liabilities	38	52	60	55	95	202	285
Total Liabilities	79	107	138	248	507	758	1,008
Fixed Assets	9.77	12	20	21	60	282	310
CWIP	0.00	3.21	0.00	7.35	122	12	67
Investments	0.00	0.00	0.00	1.39	2.89	3.12	3.35
Other Assets	69	92	118	218	323	461	629
Total Assets	79	107	138	248	507	758	1,008

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-6.66	2.41	11	-60	8.69	52	69
Cash from Investing Activity	-1.39	-12	-2.42	-23	-167	-100	-114
Cash from Financing Activity	7.72	10	-9.19	83	169	38	47
Net Cash Flow	-0.33	0.07	-0.28	-0.06	11	-9.72	1.89

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	48.63%	48.68%	48.68%	48.68%	47.94%	48.12%	48.12%	48.12%	48.44%	48.41%	48.41%	48.41%
FIIs	6.60%	4.81%	4.27%	5.10%	5.25%	4.30%	5.81%	4.93%	4.25%	3.96%	2.71%	2.63%
DIIs	7.24%	8.25%	13.02%	13.19%	14.15%	14.06%	14.52%	14.96%	15.14%	17.35%	17.49%	17.81%
Public	37.53%	38.26%	34.04%	33.03%	32.66%	33.51%	31.55%	31.99%	32.18%	30.27%	31.38%	31.15%
Total Shareholders	38,977	45,875	47,062	57,273	50,831	58,065	58,842	58,344	60,837	58,700	57,317	53,604

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Q3 FY26

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Q2 FY26

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Q1 FY26

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Frequently Asked Questions about Venus Pipes & Tubes Ltd

Venus Pipes & Tubes Ltd (VENUSPIPES) is currently trading at 1,706.55 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Venus Pipes & Tubes Limited manufactures stainless-steel seamless and welded pipes, tubes, condenser tubes and related fittings from an integrated facility at Dhaneti, Kutch, serving domestic and international customers across power, oil & gas, petrochemicals, engineering, pharmaceuticals and other critical industries with approvals and certifications for global supply. The company reported an all-time high quarterly revenue of INR 296.7 crore in Q3 FY26 (+28% YoY), with EBITDA of INR 48.8 crore (16.4% margin) and PAT of INR 25.6 crore (8.6% margin), reflecting simultaneous top-line growth and operating leverage despite one-time labour code impacts reported for the period. Venus has expanded installed capacity to ~43,800 MTPA (27,600 MTPA welded and 16,200 MTPA seamless) and completed backward integration via a piercing line (14,400 MTPA); ongoing capex of ~INR 175 crore targets fittings and higher-grade seamless SKUs with fittings capacity expected to be operational in H2 FY26, accelerating value-added revenue share. Exports have become a material revenue pillar with sales into 30+ countries and exports contributing ~32% of Q3 FY26 revenue; the company highlights strong approvals in Europe, recent clarity on US tariffs and an intent to maintain export contribution at or above ~30%, supporting margin upside and geographic diversification.

Over the past 52 weeks, Venus Pipes & Tubes Ltd has traded between a low of ₹888.45 and a high of ₹1,870.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Venus Pipes & Tubes Ltd has a market capitalization of approximately 3,526.09. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Venus Pipes & Tubes Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 34.47 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 3,526.09 Cr, Venus Pipes & Tubes Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Venus Pipes & Tubes Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Venus Pipes & Tubes Ltd is 34.47. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Venus Pipes Tubes Ltd

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Standalone Quarterly Results (in ₹ Crores)

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Frequently Asked Questions about Venus Pipes & Tubes Ltd

What is Venus Pipes & Tubes Ltd share price today?

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What is the market capitalization of Venus Pipes & Tubes Ltd?

Should I consider investing in Venus Pipes & Tubes Ltd stock?

Is Venus Pipes & Tubes Ltd a large-cap, mid-cap, or small-cap stock?

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