Venus Pipes & Tubes Ltd. (IN:VENUSPIPES)
:VENUSPIPES
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Venus Pipes & Tubes Ltd.
(VENUSPIPES)
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Rating:72Outperform
Price Target:
₹1,451.00
▲(23.16% Upside)
Action:UpgradedDate:04/21/26
The score is driven primarily by strong financial performance (growth and margins with a stable balance sheet), tempered by cash flow strain from heavy investment and increasing debt. Technically, momentum is strong but overbought indicators add near-term risk. Valuation is the main drag due to a ~23.5 P/E and very low dividend yield.
Positive Factors
Strong revenue growth
Sustained ~21% revenue growth signals expanding product adoption and market penetration across industrial and export channels. Over 2-6 months this supports durable top-line momentum driven by recurring project orders and broader industrial demand rather than transitory spikes.
Negative Factors
Negative free cash flow
Persistent negative free cash flow from heavy capex strains liquidity and forces reliance on external funding or working capital. If new capacity or upgrades fail to convert into stronger cash inflows within several quarters, cash pressure could constrain growth and raise refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained ~21% revenue growth signals expanding product adoption and market penetration across industrial and export channels. Over 2-6 months this supports durable top-line momentum driven by recurring project orders and broader industrial demand rather than transitory spikes.
Read all positive factors
Venus Pipes & Tubes Ltd. (VENUSPIPES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹29.63B
Dividend Yield0.08%
Average Volume (3M)6.30K
Price to Earnings (P/E)23.5
Beta (1Y)1.65
Revenue Growth21.45%
EPS Growth5.07%
CountryIN
Employees637
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)13.00
Shares Outstanding20,716,110
10 Day Avg. Volume4,172
30 Day Avg. Volume6,298
Financial Highlights & Ratios
PEG Ratio3.29
Price to Book (P/B)4.52
Price to Sales (P/S)2.51
P/FCF Ratio-36.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)72.58
Revenue Forecast (FY)₹14.77B
Venus Pipes & Tubes Ltd. Business Overview & Revenue Model
Company Description
Venus Pipes and Tubes Limited manufactures and sells stainless-steel pipes and tubes in India. The company offers stainless steel high precision and heat exchanger tubes; stainless steel hydraulic and instrumentation tubes; stainless steel seamles...
How the Company Makes Money
Venus Pipes & Tubes makes money primarily by manufacturing and selling stainless-steel tubular products. Its core revenue stream is product sales (pipes and tubes) to industrial users and intermediaries, with pricing generally driven by factors su...
Venus Pipes & Tubes Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.57B | 9.59B | 8.02B | 5.52B | 3.87B | 3.09B |
| Gross Profit | 3.16B | 2.63B | 1.57B | 1.08B | 719.07M | 478.53M |
| EBITDA | 1.84B | 1.78B | 1.49B | 714.99M | 496.65M | 368.24M |
| Net Income | 925.32M | 928.89M | 859.79M | 442.07M | 316.68M | 236.32M |
Balance Sheet | ||||||
| Total Assets | 11.76B | 10.08B | 7.58B | 5.07B | 2.48B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 371.09M | 163.42M | 103.07M | 289.52M | 39.24M | 69.73M |
| Total Debt | 2.60B | 1.92B | 1.49B | 904.62M | 639.62M | 378.93M |
| Total Liabilities | 5.68B | 4.77B | 3.51B | 1.85B | 1.19B | 976.07M |
| Stockholders Equity | 6.08B | 5.31B | 4.06B | 3.22B | 1.29B | 399.32M |
Cash Flow | ||||||
| Free Cash Flow | -532.10M | -661.03M | -552.13M | -1.53B | -805.53M | 62.87M |
| Operating Cash Flow | 345.35M | 422.84M | 522.32M | 88.79M | -600.03M | 113.26M |
| Investing Cash Flow | -975.82M | -1.16B | -997.30M | -1.67B | 341.14M | -24.17M |
| Financing Cash Flow | 777.82M | 752.51M | 377.78M | 1.69B | 827.74M | -91.91M |
Venus Pipes & Tubes Ltd. Technical Analysis
Positive
1178.15
Price Trends
1076.77
Positive
1127.81
Positive
1246.69
Positive
Market Momentum
67.38
Negative
70.22
Negative
90.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VENUSPIPES, the sentiment is Positive. The current price of 1178.15 is above the 20-day moving average (MA) of 1061.51, above the 50-day MA of 1076.77, and below the 200-day MA of 1246.69, indicating a bullish trend. The MACD of 67.38 indicates Negative momentum. The RSI at 70.22 is Negative, neither overbought nor oversold. The STOCH value of 90.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VENUSPIPES.
Venus Pipes & Tubes Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹42.05B | 13.17 | ― | ― | 17.03% | 57.02% | |
72 Outperform | ₹29.63B | 23.46 | ― | 0.08% | 21.45% | 5.07% | |
70 Outperform | ₹29.33B | 116.03 | ― | 0.10% | -13.24% | 35.53% | |
66 Neutral | ₹18.50B | 27.40 | ― | 0.03% | 14.55% | -9.81% | |
62 Neutral | ₹18.95B | 22.77 | ― | 0.71% | 4.32% | -6.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹9.51B | 176.56 | ― | ― | 14.47% | -32.32% |
* Basic Materials Sector Average
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,412.75
190.93
15.63%
IN:HITECH
Hi-Tech Pipes Ltd.
92.70
2.52
2.79%
IN:MANINDS
Man Industries (India) Limited
528.95
256.25
93.97%
IN:PREMEXPLN
Premier Explosives Limited
547.30
131.95
31.77%
IN:RAMASTEEL
Rama Steel Tubes Ltd.
5.88
-3.93
-40.06%
IN:SOMANYCERA
Somany Ceramics Limited
460.70
39.70
9.43%
Venus Pipes & Tubes Ltd. Corporate Events
Venus Pipes & Tubes Files SEBI Demat Compliance Certificate for March Quarter
Apr 11, 2026
Venus Pipes Tubes Ltd. has notified the stock exchanges that it has received a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate, issu...
Venus Pipes & Tubes Schedules Plant Visit for Analysts and Investors
Apr 6, 2026
Venus Pipes Tubes Limited has scheduled a group meeting with analysts and institutional investors at its manufacturing facility in Dhaneti, near Bhuj, Gujarat, on Thursday, 9 April 2026, from 10:00 a.m. onwards, hosted by Philip Capital. The comp...
Venus Pipes & Tubes Schedules Q3 and 9M FY26 Earnings Call
Feb 1, 2026
Venus Pipes Tubes Ltd. has scheduled a conference call with analysts and investors on 5 February 2026 to discuss its financial results for the third quarter and nine months of FY26. The post-results call, organized with DAM Capital Advisors, will...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.