Venus Pipes & Tubes Ltd. (VENUSPIPES) AI Stock Analysis

• Market Cap: ₹19.49B
• Dividend Yield: 0.08%
• Average Volume (3M): 6.30K
• Price to Earnings (P/E): 23.5
• Beta (1Y): 1.44
• Revenue Growth: 17.45%
• EPS Growth: -7.82%
• Country: IN
• Employees: 637
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 12.70
• Shares Outstanding: 20,716,110
• 10 Day Avg. Volume: 4,172
• 30 Day Avg. Volume: 6,298
• PEG Ratio: 3.29
• Price to Book (P/B): 4.52
• Price to Sales (P/S): 2.51
• P/FCF Ratio: -36.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 56.64
• Revenue Forecast (FY): ₹12.04B

• Rating: 70 Outperform
• Price Target: ₹1,035.00 ▼(-12.15% Downside)
• Action: Upgraded Date: 09/27/25
• Date: Action: Upgraded 09/27/25

The overall stock score of Venus Pipes & Tubes Ltd. is driven primarily by its strong financial performance, despite cash flow challenges. Technical analysis suggests a cautious approach due to bearish trends, and valuation metrics indicate the stock may be overvalued. The absence of earnings call insights and corporate events did not impact the score.

Positive Factors

Revenue Growth

Sustained ~21% revenue growth signals expanding industrial demand and stronger market penetration across domestic and export channels. Over 2–6 months this supports scale economies, better fixed-cost absorption, and provides room to fund product mix upgrades or gradual capacity utilization improvements.

Margin Improvement

Improved gross and healthy net margins point to better cost management and pricing execution in stainless tubular products. If sustained, higher margins enhance cash generation potential per unit sold and provide a buffer against cyclical input swings, strengthening long-term profitability.

Balance Sheet Stability

A stable equity base and manageable leverage provide financial resilience for capex and working capital needs. This structural strength supports funding expansion, withstands industry cycles, and reduces insolvency risk, enabling strategic investments without immediate refinancing pressure.

Negative Factors

Negative Free Cash Flow

Negative free cash flow from heavy capex creates a durable liquidity drag until investments translate into higher cash receipts. Prolonged FCF deficits can force external financing, curb dividend capacity, and limit discretionary investments, raising execution risk over the medium term.

Rising Debt Levels

An uptick in total debt increases leverage and interest exposure. Even with a currently manageable ratio, higher debt elevates refinancing and coverage risk in downturns, reducing financial flexibility and amplifying the impact of any cash-flow slippage from operations or adverse market shifts.

Input-cost Sensitivity

Business profitability is structurally exposed to stainless-steel raw material price swings. Without durable hedges or strong pricing pass-through, volatile input spreads can compress margins and earnings predictability, raising medium-term operating risk for a commodity-linked manufacturer.

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 seamless pipes; stainless steel welded pipes; and stainless-steel box pipes under the Venus brand name. The company also exports its products internationally. Venus Pipes and Tubes Limited was incorporated in 2015 and is based in Dhaneti, India.

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 such as alloy grade/specification, dimensions, finishing/processing requirements, and prevailing metal input costs. Revenue is generated from a mix of domestic and export orders, typically fulfilled as (a) standard/catalog items sold through dealers/distributors or (b) customer-specific orders sold directly to end users or project contractors. Earnings are influenced by volume growth, product mix (higher-spec or value-added products typically carry different realizations), capacity utilization, and the spread between selling prices and key inputs (notably stainless-steel raw materials), along with operating efficiency in manufacturing and conversion costs. Specific details on significant partnerships are null.

Venus Pipes & Tubes Ltd. Financial Statement Overview

Summary

Venus Pipes & Tubes Ltd. shows strong revenue growth and profitability with improved margins. The balance sheet is stable, though increased debt poses potential risks. Cash flow challenges exist due to high capital investments, which need to be converted into cash-generating opportunities.

Income Statement

Venus Pipes & Tubes Ltd. has shown strong revenue growth with a significant increase from 2024 to 2025, indicating a robust expansion trajectory. The gross profit margin improved, reflecting better cost management. The net profit margin remains healthy, contributing to overall profitability. However, maintaining these margins amidst industry volatility will be crucial.

Balance Sheet

The company's balance sheet is solid with a stable equity base and a manageable debt-to-equity ratio. The equity ratio indicates a strong reliance on equity financing, which is a positive sign of financial stability. However, the total debt has increased over the past year, which could pose risks if not managed properly.

Cash Flow

Operating cash flow has decreased, and free cash flow remains negative, indicating that the company is investing heavily in capital expenditures, which could strain liquidity. However, the company needs to ensure that its investments translate into future cash inflows to improve cash flow sustainability.

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

• Technical Analysis Sentiment: Negative
• Last Price: 1178.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VENUSPIPES, the sentiment is Negative. The current price of 1178.15 is above the 20-day moving average (MA) of 1049.53, above the 50-day MA of 1091.31, and below the 200-day MA of 1280.97, indicating a bearish trend. The MACD of -36.66 indicates Positive momentum. The RSI at 34.75 is Neutral, neither overbought nor oversold. The STOCH value of 13.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VENUSPIPES.

Venus Pipes & Tubes Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANINDS	78 Outperform	₹29.73B	13.17	―	―	10.26%	46.49%
VENUSPIPES	70 Outperform	₹19.49B	23.46	―	0.08%	17.45%	-7.82%
HITECH	66 Neutral	₹15.41B	27.40	―	0.03%	9.05%	-4.65%
SOMANYCERA	62 Neutral	₹14.83B	22.77	―	0.71%	4.20%	-31.88%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PREMEXPLN	54 Neutral	₹23.22B	116.03	―	0.10%	48.22%	90.63%
RAMASTEEL	52 Neutral	₹8.85B	176.56	―	―	14.51%	-30.02%

Venus Pipes & Tubes Ltd. Corporate Events

Venus Pipes & Tubes Schedules Q3 and 9M FY26 Earnings Call

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 feature key members of the management team and reflects the company’s ongoing efforts to maintain transparent communication with the market and provide stakeholders with timely updates on its financial and operational performance.

Venus Pipes & Tubes to Close Trading Window Ahead of Q3 FY26 Results

Venus Pipes & Tubes Limited has announced that it will close its trading window for company securities from 1 January 2026 until 48 hours after the announcement of its unaudited financial results for the quarter and nine months ended 31 December 2025, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. During this period, designated persons and their immediate relatives are barred from trading in the company’s shares, highlighting the firm’s adherence to regulatory norms on insider trading controls, with the exact date of the board meeting to approve these results to be communicated later.