Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 191 | 207 | 224 | 240 | 229 | 231 | 258 | 276 | 292 | 297 | 302 | 321 |
| Expenses | 157 | 168 | 179 | 192 | 188 | 194 | 217 | 232 | 244 | 248 | 253 | 269 |
| Operating Profit | 35 | 39 | 45 | 48 | 41 | 37 | 42 | 45 | 48 | 49 | 49 | 52 |
| OPM % | 18% | 19% | 20% | 20% | 18% | 16% | 16% | 16% | 16% | 16% | 16% | 16% |
| Other Income | 0 | 2 | 0 | 1 | 4 | 1 | 5 | 4 | 3 | 2 | 2 | 3 |
| Interest | 5 | 6 | 8 | 8 | 8 | 9 | 9 | 10 | 10 | 10 | 10 | 11 |
| Depreciation | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 |
| Profit before tax | 27 | 31 | 34 | 37 | 32 | 24 | 32 | 34 | 34 | 34 | 35 | 36 |
| Tax % | 26% | 25% | 26% | 25% | 26% | 26% | 27% | 27% | 24% | 25% | 27% | 26% |
| Net Profit | 20 | 23 | 25 | 28 | 24 | 18 | 24 | 25 | 26 | 26 | 26 | 26 |
| EPS in Rs | 9.98 | 11.47 | 12.34 | 13.58 | 11.62 | 8.82 | 11.60 | 12.08 | 12.67 | 12.36 | 12.31 | 12.75 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 178 | 309 | 387 | 552 | 802 | 959 | 1,167 | 1,211 |
| Expenses | 110 | 166 | 275 | 338 | 483 | 656 | 791 | 976 | 1,014 |
| Operating Profit | 8 | 12 | 35 | 49 | 69 | 146 | 168 | 191 | 197 |
| OPM % | 7% | 7% | 11% | 13% | 13% | 18% | 17% | 16% | 16% |
| Other Income | 2 | 2 | 3 | 2 | 2 | 3 | 11 | 11 | 10 |
| Interest | 3 | 5 | 6 | 7 | 10 | 22 | 34 | 41 | 42 |
| Depreciation | 2 | 2 | 1 | 1 | 2 | 12 | 19 | 24 | 26 |
| Profit before tax | 5 | 6 | 31 | 43 | 60 | 116 | 125 | 137 | 139 |
| Tax % | 24% | 36% | 24% | 26% | 26% | 26% | 26% | 26% | |
| Net Profit | 4 | 4 | 24 | 32 | 44 | 86 | 93 | 102 | 104 |
| EPS in Rs | 4.29 | 4.73 | 27.06 | 20.81 | 21.78 | 42.36 | 45.47 | 49.22 | 50.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 1% | 2% | 2% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 30% | 28% | 22% | ||
| Compounded Profit Growth | % | 34% | 32% | 15% | ||
| Stock Price CAGR | % | % | 19% | 71% | ||
| Return on Equity | % | 20% | 20% | 17% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 15 | 20 | 20 | 20 | 21 |
| Reserves | 3 | 8 | 31 | 113 | 302 | 386 | 511 | 648 |
| Borrowings | 29 | 43 | 38 | 64 | 90 | 149 | 192 | 287 |
| Other Liabilities | 38 | 48 | 60 | 55 | 95 | 202 | 285 | 344 |
| Total Liabilities | 79 | 107 | 138 | 248 | 507 | 758 | 1,008 | 1,300 |
| Fixed Assets | 10 | 12 | 20 | 21 | 60 | 282 | 310 | 399 |
| CWIP | 0 | 3 | 0 | 7 | 122 | 12 | 67 | 124 |
| Investments | 0 | 0 | 0 | 1 | 3 | 3 | 3 | 1 |
| Other Assets | 69 | 92 | 118 | 218 | 323 | 461 | 629 | 776 |
| Total Assets | 79 | 107 | 138 | 248 | 507 | 758 | 1,008 | 1,300 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -7 | 2 | 11 | -60 | 9 | 52 | 69 | 112 |
| Cash from Investing Activity | -1 | -12 | -2 | -23 | -167 | -100 | -114 | -203 |
| Cash from Financing Activity | 8 | 10 | -9 | 83 | 169 | 38 | 47 | 94 |
| Net Cash Flow | -0 | 0 | -0 | -0 | 11 | -10 | 2 | 3 |
| Free Cash Flow | -9 | -5 | 6 | -81 | -153 | -55 | -40 | -76 |
| CFO/OP | -65% | 30% | 35% | -99% | 40% | 49% | 52% | 76% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 63 | 53 | 69 | 47 | 81 | 73 | 81 |
| Inventory Days | 130 | 103 | 62 | 108 | 137 | 143 | 196 | 183 |
| Days Payable | 117 | 96 | 59 | 45 | 61 | 110 | 137 | 141 |
| Cash Conversion Cycle | 80 | 70 | 56 | 133 | 123 | 114 | 132 | 124 |
| Working Capital Days | 46 | 28 | 40 | 99 | 75 | 62 | 62 | 59 |
| ROCE % | 22% | 53% | 37% | 23% | 28% | 25% | 21% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 48.63% | 48.68% | 48.68% | 48.68% | 47.94% | 48.12% | 48.12% | 48.12% | 48.44% | 48.41% | 48.41% | 48.41% |
| FIIs | 6.60% | 4.81% | 4.27% | 5.10% | 5.25% | 4.31% | 5.81% | 4.93% | 4.25% | 3.97% | 2.71% | 2.63% |
| DIIs | 7.25% | 8.26% | 13.02% | 13.19% | 14.15% | 14.06% | 14.53% | 14.96% | 15.13% | 17.35% | 17.49% | 17.81% |
| Public | 37.54% | 38.26% | 34.05% | 33.03% | 32.66% | 33.51% | 31.55% | 32.00% | 32.17% | 30.27% | 31.38% | 31.15% |
| No. of Shareholders | 38,977 | 45,875 | 47,062 | 57,273 | 50,831 | 58,065 | 58,842 | 58,344 | 60,837 | 58,700 | 57,317 | 53,604 |
Fundamentals
Market Cap₹ 4,552 Cr.
Current Price₹ 2,196
Stock P/E43.8
Book Value₹ 323
ROCE21.3 %
ROE17.0 %
Dividend Yield0.05 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)15%
Standalone figures.
Valuation
Market capRs 4,475 Cr
Enterprise valueRs 4,617 Cr
P/E (TTM)43.19x
Price to book11.02x
Price to sales3.70x
EV / EBITDA22.28x
EV / EBIT25.41x
EV / sales3.81x
Price to cash flow85.68x
Earnings yield2.32%
Dividend yield0.02%
P/E, 3-year average39.46x
P/B, 3-year average7.08x
P/E, 5-year average39.46x
P/B, 5-year average7.08x
Profitability
Operating margin (excl. other income)18.24%
Operating margin (incl. other income)18.64%
EBITDA margin17.11%
Pre-tax margin11.50%
Net profit margin8.56%
Net margin, latest quarter8.24%
ROE23.61%
ROCE28.45%
ROA13.59%
ROE, 3-year average26.94%
ROCE, 3-year average29.46%
ROA, 3-year average13.91%
ROE, 5-year average38.79%
ROCE, 5-year average32.74%
ROA, 5-year average13.10%
ROIC (approx.)24.65%
Tax rate25.66%
Other income / net worth0.78%
Growth
Sales growth (latest year)45.22%
Profit growth (latest year)94.48%
Sales CAGR, 3 years37.39%
Sales CAGR, 5 years46.53%
Profit CAGR, 3 years53.81%
Profit CAGR, 5 years87.10%
Sales growth QoQ6.07%
Profit growth QoQ3.57%
Sales growth YoY (latest quarter)15.97%
Profit growth YoY (latest quarter)6.66%
Per share
EPS (TTM)Rs 51.05
EPS (latest year)Rs 42.36
EPS (latest quarter)Rs 13.01
EPS, 3-year averageRs 28.32
EPS, 5-year averageRs 23.35
Book value per shareRs 200.09
Sales per shareRs 596.66
Cash flow per shareRs 25.73
Free cash flow per shareRs -37.45
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout1.19%
Dividend payout, 3-year average1.75%
Dividend payout, 5-year average1.75%
Efficiency
Asset turnover1.06x
Fixed asset turnover2.85x
Inventory turnover2.71x
Inventory days135 days
Debtor days81 days
Debtors turnover4.53x
Creditor days141 days
Cash conversion cycle124 days
Working capital days59 days
Leverage
Total debtRs 149 Cr
Cash and bankRs 8 Cr
Net debtRs 142 Cr
Debt to equity0.37x
Net debt / EBITDA0.68x
Interest coverage4.29x
Current ratio (filing 2026-03-31)1.42x
Quick ratio (filing 2026-03-31)0.68x
Trade payables (filing 2026-03-31)Rs 297 Cr
Owners' fund to total sources53.60%
Debt to assets19.71%
Cash flow
Cash from Operating Activity (latest year)Rs 52 Cr
Cash from Investing Activity (latest year)Rs -100 Cr
Cash from Financing Activity (latest year)Rs 38 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs -76 Cr
FCFE (approx.: FCF + change in debt)Rs -17 Cr
Cash from ops / profit, 5 years0.51x
Sales to cash flow15.36x
Statement figures
Net sales (TTM)Rs 1,211 Cr
Net sales (latest year)Rs 802 Cr
Sales (latest quarter)Rs 321 Cr
Operating profit excl. other income (latest year)Rs 146 Cr
Operating profit (latest quarter)Rs 52 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 207 Cr
PBDT (TTM)Rs 165 Cr
Profit before tax (TTM)Rs 139 Cr
Tax (latest year)Rs 30 Cr
Net profit (TTM)Rs 104 Cr
Net profit (latest year)Rs 86 Cr
Net profit (latest quarter)Rs 26 Cr
Depreciation (TTM)Rs 26 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 42 Cr
Cost of goods sold (latest year)Rs 611 Cr
Total expenditure (latest year)Rs 656 Cr
Total income (latest year)Rs 805 Cr
Share capitalRs 20 Cr
ReservesRs 386 Cr
Shareholders' fundsRs 406 Cr
Total assetsRs 758 Cr
Net blockRs 282 Cr
Capital work in progressRs 12 Cr
InvestmentsRs 3 Cr
ReceivablesRs 177 Cr
InventoryRs 226 Cr
Other liabilitiesRs 202 Cr
Shares outstanding (crore)2.03
Ownership
Promoter holding48.41% (+0.29 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 43.2 is at the 38th percentile of its own 4.3-year range
(median 106.7, low 18.1, high 371.2).
P/B 11.02 is at the 30th percentile (median 34.23).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | VENUSPIPES | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.1% | -2.8% | +2.7 pts |
| 1 month | +37.2% | -6.8% | +44.0 pts |
| 3 months | +23.6% | -7.6% | +31.3 pts |
| 6 months | +146.6% | +0.4% | +146.2 pts |
| 1 year | +58.5% | -9.9% | +68.4 pts |
| 2 years | -0.1% | -13.6% | +13.5 pts |
| 3 years | +68.3% | +14.2% | +54.1 pts |
18 mutual fund schemes hold about ₹224 Cr.
Over three months 2 bought more and 15 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.12% | 99 | -27% |
| Sundaram Small Cap Fund | 1.28% | 53 | -28% |
| Tata Housing Opportunities Fund | 3.39% | 17 | -23% |
| Groww Multicap Fund | 0.89% | 13 | -40% |
| Union Small Cap Fund | 0.44% | 12 | +71% |
| Groww Small Cap Fund | 1.44% | 11 | -41% |
| Union Small Cap Fund | 0.44% | 10 | +71% |
| JM Small Cap Fund | 0.64% | 6 | -33% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr III- | 1.36% | 1 | -23% |
| Groww Value Fund(M | 0.77% | 1 | -1% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr VI- | 1.37% | 1 | -23% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr IV | 1.35% | 0 | -23% |
| Sundaram LT Tax Adv Fund-Sr III | 1.37% | 0 | -23% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr V- | 1.34% | 0 | -24% |
| Sundaram LT Tax Adv Fund-Sr IV | 1.39% | 0 | -22% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | -28% |
| ITI Bharat Consumption Fund | 0.00% | 0 | -100% |
| ITI Pharma & Healthcare Fund | 0.00% | 0 | -100% |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was 1% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 151% vs sales +45% in 2026 |
| explain | Share dilution Share count up 0% in a year, 133% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹321 Cr +16.3% vs Jun 2025.
Net profit ₹26 Cr +4.0%.
Against our estimate for Jun 2026: sales -5.3%, profit -13.1% miss. Our estimate for Sep 2026: sales Rs 341 Cr, profit Rs 30 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-04 | Dividend - Re 0.50 Per Share | |
| 2025-11-18 | Interim Dividend - Re 0.50 Per Share | |
| 2025-09-18 | Dividend - Re 0.50 Per Share | |
| 2024-11-29 | Interim Dividend - Re 0.50 Per Share | |
| 2024-09-17 | Dividend - Re 0.50 Per Share | |
| 2023-11-07 | Interim Dividend - Re 0.50 Per Share | |
| 2023-09-18 | Dividend - Re 0.50 Per Share | |
| 2022-11-18 | Interim Dividend - Re 0.50 Per Share |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Corrigendum | Corrigendum to Notice of Extra Ordinary General Meeting to be held on October 08, 2026 |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 25perc in previous 1 monthClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 months
Quick answers
What is the market cap of Venus Pipes & Tubes Ltd?
Venus Pipes & Tubes Ltd (VENUSPIPES) has a market capitalisation of Rs 4,552 Cr. at the 2026-10-01 close.
What is the P/E ratio of Venus Pipes & Tubes Ltd?
Venus Pipes & Tubes Ltd trades at a P/E of 43.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Venus Pipes & Tubes Ltd's latest quarterly results?
In the Jun 2026 quarter, Venus Pipes & Tubes Ltd sales was Rs 321 Cr (+16.3% vs Jun 2025) and net profit was Rs 26 Cr.
What is the 52-week high and low of Venus Pipes & Tubes Ltd?
The 52-week high is Rs 2,347.90 and the 52-week low is Rs 890.00.