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Venus Pipes & Tubes Ltd.
(VENUSPIPES)
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Rating:59Neutral
Price Target:
₹1,883.00
▲(10.63% Upside)
Action:Reiterated
Date:09/19/26
The score is primarily held back by weak cash conversion and negative free cash flow despite strong growth and improving margins. Technicals are supportive with a strong uptrend, but overbought signals add short-term risk. Valuation is a headwind given the high P/E and very low dividend yield.
Positive Factors
Strong Revenue Growth
Revenue has increased substantially over five years and remained healthy in FY2026, indicating expanding sales scale for the company’s stainless-steel pipe and tube business. Continued top-line growth can support operating leverage, strengthen market presence, and provide a foundation for further capacity and product investment.
Negative Factors
Weak Cash Conversion
Operating cash flow remains disproportionately low relative to reported profits, showing that earnings are not yet translating efficiently into cash. This working-capital intensity can constrain internally funded growth, increase reliance on financing, and make liquidity more sensitive to changes in customer collections or operating requirements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue has increased substantially over five years and remained healthy in FY2026, indicating expanding sales scale for the company’s stainless-steel pipe and tube business. Continued top-line growth can support operating leverage, strengthen market presence, and provide a foundation for further capacity and product investment.
Read all positive factors
Venus Pipes & Tubes Ltd. (VENUSPIPES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.32B
Dividend Yield0.08%
Average Volume (3M)12.23K
Price to Earnings (P/E)35.9
Beta (1Y)1.42
Revenue Growth21.73%
EPS Growth13.47%
CountryIN
Employees959
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)50.33
Shares Outstanding20,716,110
10 Day Avg. Volume6,803
30 Day Avg. Volume12,227
Financial Highlights & Ratios
PEG Ratio2.16
Price to Book (P/B)2.75
Price to Sales (P/S)1.58
P/FCF Ratio-16.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)66.38
Revenue Forecast (FY)₹14.47B
Venus Pipes & Tubes Ltd. Business Overview & Revenue Model
Company Description
Venus Pipes and Tubes Limited, an Indian-based enterprise established in 2015 with its headquarters in Dhaneti, is a key player in the manufacturing and distribution of stainless steel pipes and tubes. The company provides a comprehensive range of...
How the Company Makes Money
Venus Pipes & Tubes Ltd. primarily makes money by manufacturing and selling stainless-steel tubular products. Its revenue model is product-sales driven, with key revenue streams coming from (1) sales of stainless-steel welded pipes and tubes and (...
Venus Pipes & Tubes Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.11B | 11.67B | 9.59B | 8.02B | 5.52B | 3.87B |
| Gross Profit | 3.77B | 3.22B | 2.63B | 1.57B | 1.08B | 719.07M |
| EBITDA | 1.93B | 2.02B | 1.78B | 1.49B | 714.99M | 496.65M |
| Net Income | 1.04B | 1.02B | 928.89M | 859.79M | 442.07M | 316.68M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.00B | 10.08B | 7.58B | 5.07B | 2.48B |
| Cash, Cash Equivalents and Short-Term Investments | 297.48M | 297.48M | 183.49M | 103.07M | 269.72M | 39.24M |
| Total Debt | 0.00 | 2.87B | 1.92B | 1.49B | 904.62M | 639.62M |
| Total Liabilities | -6.68B | 6.31B | 4.77B | 3.51B | 1.85B | 1.19B |
| Stockholders Equity | 6.68B | 6.68B | 5.31B | 4.06B | 3.22B | 1.29B |
Cash Flow | ||||||
| Free Cash Flow | -532.10M | -1.10B | -661.03M | -552.13M | -1.53B | -805.53M |
| Operating Cash Flow | 345.35M | 788.93M | 422.84M | 522.32M | 86.90M | -600.03M |
| Investing Cash Flow | -975.82M | -2.04B | -1.16B | -997.30M | -1.67B | -228.29M |
| Financing Cash Flow | 777.82M | 1.28B | 752.51M | 377.78M | 1.69B | 827.74M |
Venus Pipes & Tubes Ltd. Technical Analysis
Neutral
1702.10
Price Trends
1905.18
Negative
1774.63
Positive
1476.71
Positive
Market Momentum
-63.18
Positive
41.79
Neutral
48.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VENUSPIPES, the sentiment is Neutral. The current price of 1702.1 is below the 20-day moving average (MA) of 1951.22, below the 50-day MA of 1905.18, and above the 200-day MA of 1476.71, indicating a neutral trend. The MACD of -63.18 indicates Positive momentum. The RSI at 41.79 is Neutral, neither overbought nor oversold. The STOCH value of 48.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VENUSPIPES.
Venus Pipes & Tubes Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹600.02B | 46.05 | ― | 0.39% | 15.83% | 24.85% | |
67 Neutral | ₹146.03B | 26.52 | ― | 0.88% | -0.73% | -60.06% | |
66 Neutral | ₹44.23B | 14.23 | ― | 2.47% | 11.69% | 8.23% | |
65 Neutral | ₹54.45B | 26.52 | ― | 1.37% | 10.75% | 9.71% | |
65 Neutral | ₹162.60B | 37.55 | ― | 0.43% | -16.30% | -24.14% | |
59 Neutral | ₹37.32B | 35.91 | ― | 0.08% | 21.73% | 13.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Venus Pipes & Tubes Ltd. Corporate Events
Venus Pipes & Tubes Starts Commercial Pipe Spooling Operations
Oct 20, 2026
Venus Pipes Tubes Ltd. has commenced commercial production of its new pipe spooling manufacturing operations as of October 20, 2026. This marks an expansion of its manufacturing capabilities, potentially enhancing its ability to deliver value-add...
Venus Pipes Starts Pipe Spooling Operations Early to Target Data Centre Demand
Oct 20, 2026
Venus Pipes Tubes Ltd has begun operations at part of its new dedicated pipe spooling manufacturing capacity in Dhaneti, Gujarat, ahead of its previously planned December 2026 start date. The move signals a strategic push into higher value-added ...
Venus Pipes & Tubes Secures Shareholder Approval for All EGM Resolutions
Oct 8, 2026
Venus Pipes Tubes Ltd. held its Extraordinary General Meeting on October 8, 2026 via video conferencing, with remote e-voting conducted from October 4 to October 7 and additional e-voting enabled during the meeting. The company reported that all ...
Venus Pipes & Tubes Plans Rs 372 Crore Preferential Share Issue at October EGM
Sep 16, 2026
Venus Pipes Tubes Ltd. has called an Extraordinary General Meeting on October 8, 2026, to be conducted via video conferencing and other audio-visual means, with its registered office in Bhuj, Gujarat deemed as the venue. The notice has been dispa...
Venus Pipes & Tubes Plans Rs. 372-Crore Preferential Share Issue
Sep 16, 2026
Venus Pipes Tubes Ltd. has approved a preferential issue of up to 2,227,544 equity shares at Rs. 1,670 per share, raising about Rs. 372 crore in cash from identified investors. The move is structured under applicable Indian company and securities...
Venus Pipes & Tubes Secures Shareholder Nod on All Resolutions at 12th AGM
Sep 12, 2026
Venus Pipes Tubes Ltd. reported that its 12th Annual General Meeting was held on September 11, 2026 via video conferencing and other audio-visual means, with remote e-voting conducted ahead of the meeting and electronic voting available during th...
Venus Pipes & Tubes Extends Board Tenures to 2031
Sep 12, 2026
Venus Pipes Tubes Ltd. has secured shareholder approval at its 12th Annual General Meeting for the re-appointment of key promoter-directors, including Chairman and Managing Director Arun Axaykumar Kothari, along with Megharam Sagramji Choudhary a...
Venus Pipes & Tubes Holds 12th AGM via E-Voting, Reports Clean Audit
Sep 11, 2026
Venus Pipes Tubes Ltd. convened its 12th Annual General Meeting on September 11, 2026 via video conferencing in line with Ministry of Corporate Affairs and SEBI guidelines, with Chairman Arun Axaykumar Kothari presiding and confirming quorum. Boa...
Venus Pipes & Tubes bets on board continuity with fresh five-year terms
Aug 13, 2026
Venus Pipes Tubes Ltd. has approved the re-appointment of Chairman and Managing Director Arun Axaykumar Kothari, along with promoter-executive whole-time directors Megharam Sagramji Choudhary and Dhruv Mahendrakumar Patel, for further five-year t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.