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Venus Pipes and Tubes Ltd

VENUSPIPES

Venus Pipes and Tubes Ltd

VENUSPIPES
MaterialsIron & Steel
SmallcapWith a market cap of ₹4,099 cr, stock is ranked 844
Moderate RiskStock is 2.88x as volatile as Nifty
2,012.700.70% (-14.25)
2,012.700.70% (-14.25)

Price Chart

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1M
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SIP
MaterialsIron & Steel
SmallcapWith a market cap of ₹4,099 cr, stock is ranked 844
Moderate RiskStock is 2.88x as volatile as Nifty

How to use scorecard? Learn more

MaterialsIron & Steel
SmallcapWith a market cap of ₹4,099 cr, stock is ranked 844
Moderate RiskStock is 2.88x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
42.6510.090.02%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
32.203.661.16%

Forecast & Ratings

Detailed Forecast 
83%
Analysts have suggested that investors can buy this stock

from 6 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Venus Pipes & Tubes is engaged in manufacturing and exporting of stainless-steel pipes and tubes.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 46.22%, vs industry avg of 9.85%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.02% to 0.1%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 87.1%, vs industry avg of 4.74%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue120.50179.32312.03389.07554.80805.38866.38
Raw Materialssubtract105.36165.93263.21362.72466.20632.19696.05
Power & Fuel Costsubtract1.611.681.833.046.0316.93
Employee Costsubtract2.532.673.206.2510.1822.37
Selling & Administrative Expensessubtract1.791.843.055.129.9318.72
Operating & Other expensessubtract-0.83-5.953.27-39.41-9.04-34.33
Depreciation/Amortizationsubtract1.992.110.971.431.9711.7714.72
Interest & Other Itemssubtract3.114.555.567.069.8422.0826.43
Taxes & Other Itemssubtract1.192.367.3111.2115.4829.6733.07
EPS2.863.1518.0422.3524.8942.3647.35
DPS0.000.000.000.000.500.501.00
Payout ratio0.000.000.000.000.020.010.02

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

May 24PDF
Jan 31PDF
Nov 9PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 3PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Venus Pipes and Tubes Ltd47.6810.090.02%
JSW Steel Ltd27.993.090.90%
Tata Steel Ltd-45.202.172.24%
Jindal Steel And Power Ltd17.142.270.20%

Price Comparison

Compare VENUSPIPES with any stock or ETF
Compare VENUSPIPES with any stock or ETF
VENUSPIPES
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 2.51%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding48.68%3.60%9.59%5.10%33.03%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun5.76%6.49%6.60%4.81%4.27%5.10%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Venus Pipes and Tubes Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
3.0870%0.21%-0.01%135/238 (+17)
JM Small Cap Fund - Direct Plan - Growth

Growth
0.2218%1.78%1.78%52/90 (+16)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.1165%0.30%0.30%293/309 (+12)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 17, 2024

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 17, 2024

Cash Dividend

Ex DateEx DateNov 7, 2023

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Nov 7, 2023

Cash Dividend

Ex DateEx DateSep 18, 2023

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 18, 2023

Cash Dividend

Ex DateEx DateNov 18, 2022

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Nov 18, 2022

News & Opinions
Corporate
Venus Pipes & Tubes to conduct AGM

Venus Pipes & Tubes announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Venus Pipes rises after Q1 PAT rises over 58% YoY

EBITDA improved by 73.6% YoY to Rs 47.9 crore in the first quarter. EBITDA margin was 20% in Q1 FY24 as against 15.4% in Q1 FY23. Profit before tax in Q1 FY25 stood at Rs 27.5 crore, up by 58% from Rs 17.4 crore posted in Q1 FY24. Arun Kothari, managing director for Venus Pipes & Tubes, said: 'We are proud to have started FY25 with a strong quarter, showcasing exceptional performance. During this quarter, our export performance has been exceptionally strong, with revenues increasing by an impressive 691% year-on-year, reaching Rs 60.9 crores and contributing 25% of our total revenues, up from 4% in Q1FY24. Sequentially, we have achieved significant growth of 123%. We are experiencing strong momentum not only in our key market of Europe but also seeing substantial traction in the US and Middle East markets. Moving forward, we have a robust order book from these regions and expect this export momentum to continue. Furthermore, our high-margin seamless pipes segment continues its steady growth trajectory with a 22% increase in revenue. The welded pipes segment also experienced a substantial growth of 55%, fueled by strong order inflows from the oil & gas sector, where we see vast potential for further expansion. Our order book stands strong, with orders pouring in from a diverse set of industries, predominantly from oil & gas, pharma, engineering, power and other sectors. Venus Pipes & Tubes manufactures and exports stainless-steel pipes and tubes, offering seamless and welded products in five categories. Their market extends to over 20 countries, including Brazil, the UK, Israel, and various European Union nations. Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Venus Pipes & Tubes standalone net profit rises 58.30% in the June 2024 quarter

Net profit of Venus Pipes & Tubes rose 58.30% to Rs 27.56 crore in the quarter ended June 2024 as against Rs 17.41 crore during the previous quarter ended June 2023. Sales rose 33.70% to Rs 240.14 crore in the quarter ended June 2024 as against Rs 179.61 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales240.14179.61 34 OPM %19.9715.35 - PBDT41.3224.82 66 PBT36.9823.43 58 NP27.5617.41 58 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Venus Pipes & Tubes schedules board meeting

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live