Venus Pipes & Tubes Ltd

The agency has also reaffirmed its 'Crisil A1' rating on the short-term bank facilities of the company. Crisil Ratings stated that the revision in outlook reflects improvement in the business and financial risk profiles of VPTL. Revenue grew to Rs 1,167 crore in fiscal 2026, from Rs 958 crore in fiscal 2025, owing to healthy demand from domestic and export markets. The operating margin stood at 17% in fiscal 2026. Further sustenance of revenue growth and profitability will remain a key monitorable. The ratings continue to reflect the extensive experience of the promoters in the stainless steel pipes business along with increasing scale of operations, healthy operating margin and moderate financial risk profile of the company. These strengths are partly offset by large working capital requirement and exposure to risks related to completion of capital expenditure (capex) and ramp up in scale. Venus Pipes and Tubes manufactures stainless steel pipes and tubes used in multiple industries. Strategically located on the Bhuj-Bhachau highway near Dhaneti in Kutch (Gujarat), its facility is in close proximity to the Kandla and Mundra ports. The company has manufacturing capacity of 48,000 tonne per annum (TPA) of welded and seamless pipes and tubes and 20,400 TPA of mother hollow pipes. The scrip had advanced 2.32% to end at Rs 1694.30 on the BSE on Thursday. Powered by Capital Market - Live

Venus Pipes & Tubes announced that the Board of Directors of the Company at its meeting held on 26 May 2026, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

Net profit of Venus Pipes & Tubes rose 7.55% to Rs 25.50 crore in the quarter ended March 2026 as against Rs 23.71 crore during the previous quarter ended March 2025. Sales rose 17.07% to Rs 302.20 crore in the quarter ended March 2026 as against Rs 258.14 crore during the previous quarter ended March 2025. For the full year,net profit rose 9.76% to Rs 101.96 crore in the year ended March 2026 as against Rs 92.89 crore during the previous year ended March 2025. Sales rose 21.73% to Rs 1166.85 crore in the year ended March 2026 as against Rs 958.53 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales302.20258.14 17 1166.85958.53 22 OPM %16.3516.12 -16.3317.49 - PBDT41.0737.21 10 161.37143.90 12 PBT34.7832.42 7 137.79125.37 10 NP25.5023.71 8 101.9692.89 10 Powered by Capital Market - Live

The company stated that it has commissioned seamless pipes/tubes expansion project with an additional capacity of 4,200 MTPA under the current phase. With this, the total seamless pipes/tubes capacity added under the overall expansion program now stands at 6,000 MTPA, including the 1,800 MTPA capacity commissioned in November 2025. Alongside this, the company has also commissioned equivalent capacity of Mother Hollow Pipes as part of its backward integration for seamless pipes. The additional capacity expansion was undertaken considering the demand outlook. Additionally, the company has also commenced operations at its fitting's facility. Venus Pipes further said that the fittings business and seamless pipes / tubes expansion are focused on enhancing the company's value-added product portfolio and strengthening its positioning as a comprehensive stainless steel piping solutions provider catering to multiple end-user industries. These additions are expected to improve the company's product mix, deepen customer engagement and support long-term growth opportunities across sectors including power, oil & gas, chemicals, engineering and emerging industries such as data centers and semiconductor manufacturing. Venus Pipes & Tubes is a manufacturer and exporter of stainless-steel pipes and tubes. The company is manufacturing stainless steel pipes/tubes products in two broad categories - seamless tubes/pipes and welded tubes/pipes. The company sells products in both domestic and international markets. The company had reported 42.52% rise in net profit to Rs 25.61 crore on a 28.27% increase in revenue to Rs 296.70 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Venus Pipes & Tubes has commenced commercial operations of its fittings facility along with the commissioning of additional seamless pipes / tubes capacity today. The Company has successfully commissioned seamless pipes/tubes expansion project with an additional capacity of 4,200 MTPA under the current phase. With this, the total seamless pipes/tubes capacity added under the overall expansion program now stands at 6,000 MTPA (higher than 4,800 MTPA initially planned), including the 1,800 MTPA capacity commissioned in November 2025. Alongside this, the Company has also commissioned equivalent capacity of Mother Hollow Pipes as part of its backward integration for seamless pipes. The additional capacity expansion was undertaken considering the demand outlook. Further, the company has also commenced operations at its fitting's facility, marking a significant milestone in its strategy of forward integration and expansion into value-added product categories.

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 26 May 2026.

Net profit of Venus Pipes & Tubes rose 42.52% to Rs 25.61 crore in the quarter ended December 2025 as against Rs 17.97 crore during the previous quarter ended December 2024. Sales rose 28.27% to Rs 296.70 crore in the quarter ended December 2025 as against Rs 231.30 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales296.70231.30 28 OPM %16.4716.04 - PBDT41.0028.96 42 PBT34.8924.20 44 NP25.6117.97 43 Powered by Capital Market - Live

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 5 February 2026.Powered by Capital Market - Live

Venus Pipes & Tubes announced that the Board of Directors of the Company at its meeting held on 10 November 2025, inter alia, have recommended the interim dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Venus Pipes & Tubes rose 10.27% to Rs 26.09 crore in the quarter ended September 2025 as against Rs 23.66 crore during the previous quarter ended September 2024. Sales rose 27.34% to Rs 291.54 crore in the quarter ended September 2025 as against Rs 228.95 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales291.54228.95 27 OPM %16.3017.89 - PBDT40.3836.43 11 PBT34.4231.79 8 NP26.0923.66 10 Powered by Capital Market - Live