NSE: VENUSPIPES · BSE: 543528 · ISIN INE0JA001018
Venus Pipes & Tubes Limited stock analysis
Venus Pipes & Tubes Limited ranks #1048 in the TickerSutra evidence-ranked universe with a score of 57/100 and 91% data confidence. The latest captured fundamentals show ROCE of 21.3%, quarterly sales growth of 16.0% and quarterly profit growth of 6.7%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 21.3%
- 28.3% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹387cr | ₹49cr | ₹32cr | 13.0% |
| 2023 | ₹552cr | ₹69cr | ₹44cr | 13.0% |
| 2024 | ₹802cr | ₹146cr | ₹86cr | 18.0% |
| 2025 | ₹959cr | ₹168cr | ₹93cr | 17.0% |
| 2026 | ₹1,167cr | ₹191cr | ₹102cr | 16.0% |
| TTM | ₹1,211cr | ₹197cr | ₹104cr | 16.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
The most strategically important of these was our ~20,400 MTPA piercing line, enabling complete backward integration for our seamless pipe operations. This achievement allows us to manufacture mother hollow pipes in-house, taking control of a critical link that once “We delivered a strong operational performance in FY 2025-26, underpinned by significant export growth, capacity expansions, and product diversification.
The most strategically important of these was our ~20,400 MTPA piercing line, enabling complete backward integration for our seamless pipe operations. This achievement allows us to manufacture mother hollow pipes in-house, taking control of a critical link that once “We delivered a strong operational performance in FY 2025-26, underpinned by significant export growth, capacity expansions, and product diversification.
During Q1 of FY27, our domestic revenue stood at INR227 crores, registering a robust 31% year-on-year growth. We remain confident about the domestic opportunity and we will continue to deepen our presence across existing sectors while also penetrating into newer sectors such as data centers and solar, where our expanded product capabilities can create opportunities for growth. On the export side, we continue to see a
Robust order inflows from oil & gas projects, water transmission, power generation, industrial construction, and large-scale infrastructure developments are leading manufacturers to scale production capabilities across both seamless and welded pipe segments. Further, the requirement for high-pressure, high-temperature, and corrosion- resistant piping solutions is driving more investments in advanced manufacturing tec
Against this backdrop, Venus Pipes & Tubes Limited continues to advance its growth strategy through product diversification and an increased focus on high-value, specialised application segments. The Company continues to strengthen its ability to secure large, value-added orders, while expanding its presence in international markets. This progress has been supported by its technical capabilities, regulatory approvals
The sector’s growth remains linked to broader economic activity, as the demand for oil & gas products rises with increasing industrialisation, urbanisation, and energy consumption. In addition, geopolitical developments in major oil-producing regions continue to influence global supply chains and pricing trends, contributing to market volatility and influencing investment across the sector. India’s long-term energy r
The ARP has contributed to smoother plant operations by minimising process interruptions associated with sludge handling and cleaning activities. As a result, Venus has improved operational efficiency, reduced downtime, and elevated throughput across our manufacturing facilities, supporting both margin improvement and sustainable production. Statutory ReportsCorporate Overview Financial Statements Venus Pipes & Tubes
The Company continues to strengthen its ability to secure large, value-added orders, while expanding its presence in international markets. This progress has been supported by its technical capabilities, regulatory approvals, and backward integration initiatives. During the year, Venus delivered a strong operating and financial performance while making significant progress in its expansion programme.
The Company continues to strengthen its ability to secure large, value-added orders, while expanding its presence in international markets. This progress has been supported by its technical capabilities, regulatory approvals, and backward integration initiatives. During the year, Venus delivered a strong operating and financial performance while making significant progress in its expansion programme.
Semiconductor manufacturing is a high-value end-use segment for stainless steel pipes and tubes, as ultra-clean, high-purity stainless steel tubing is essential for process gas delivery, cleanroom piping, and contamination-sensitive environments where even trace impurities can compromise yield and product quality. (Source: MarketsandMarkets – India Semiconductor Outlook Market) Recent developments Execution has accel
The Company continues to strengthen its ability to secure large, value-added orders, while expanding its presence in international markets. This progress has been supported by its technical capabilities, regulatory approvals, and backward integration initiatives. During the year, Venus delivered a strong operating and financial performance while making significant progress in its expansion programme.
Implementation of stringent, internationally recognized quality management systems (like ISO), continuous investment in Research & Development (R&D) to anticipate market needs and foster a culture of innovation to deliver high-value, specialized industrial solutions. Negative & Positive 3 Economic Performance Risk & Opportunity Risk: Macroeconomic downturns, inflation, or market instability can significantly contract
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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