Venus Pipes

NSE: VENUSPIPES · Iron & Steel Products

52W Range₹890 ₹1,875

Snapshot

Unlock Venus Pipes's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Venus Pipes and Tubes Limited is an Indian manufacturer specialising in a diverse range of stainless-steel pipes and tubes, including high precision, heat exchanger, hydraulic, and instrumentation variants. The company markets its products under the Venus brand and maintains both domestic and international distribution channels.

Business Model

The company generates revenue through the manufacturing and sale of stainless-steel seamless and welded pipes, catering to various industrial applications. It operates as a B2B supplier, leveraging its manufacturing facility in Dhaneti to serve domestic and export markets.

Growth Outlook

Growth is driven by the increasing demand for high-precision stainless-steel components across industrial sectors and the expansion of the company's international export footprint.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of nickel, chromium, and other steel-related raw materials can significantly impact operating margins.
  • Cyclical Demand. The company's performance is sensitive to the capital expenditure cycles of the industrial and infrastructure sectors it serves.
  • Export Market Risks. Exposure to international trade policies, currency fluctuations, and geopolitical instability may affect export revenue streams.
  • Competitive Intensity. The stainless-steel pipe industry is highly fragmented, leading to intense price competition from both domestic and international manufacturers.

Price

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Key Metrics

REVENUE

₹1,167 Cr

TTM · standalone

+21.7%YoY

NET PROFIT

₹102 Cr

TTM · standalone

+9.8%YoY

EPS

₹49.70

TTM · standalone

+8.8%YoY

RETURN ON EQUITY

18.0%

TTM · standalone

-3.2 ppYoY

RETURN ON CAPITAL EMPLOYED

28.5%

TTM · standalone

-4.8 ppYoY

P/E

36.5x

Q4 FY26 · standalone

36.5 vs 49.4x5Y avg

EV/EBITDA

20.0x

Q4 FY26 · standalone

20.0 vs 30.5x5Y avg

EBITDA MARGIN

17.3%

TTM · standalone

-1.3 ppYoY

NET PROFIT MARGIN

8.4%

Q4 FY26 · standalone

-0.8 ppYoY

DEBT TO EQUITY

0.4x

Q4 FY26 · standalone

+0.07xYoY

Peers · Iron & Steel Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Venus PipesVENUSPIPES
2,00036.4819.9621.7%17.3%18.0%28.5%+11.4%
Vardhman SpecialVSSL
2,24922.8114.18-0.6%11.9%13.3%18.7%+12.1%
Shivalik BimetalSBCL
2,20443.3929.4712.3%25.0%22.6%28.7%+25.2%
Rhetan TMT LtdRHETAN
1,973162.53165.05-34.2%62.0%37.9%42.9%+81.1%
JTL Industries LimitedJTLIND
1,91729.3119.2511.5%7.8%8.0%11.0%-6.3%
MSP Steel & Pow.MSPL
1,64363.0313.36-2.1%6.4%3.4%2.4%+10.7%

As of Q4 FY26

Financials