Venus Pipes and Tubes Ltd
VENUSPIPESVenus Pipes and Tubes Ltd
VENUSPIPES
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 39.77 | 9.41 | 0.03% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 30.76 | 3.47 | 1.33% |
Forecast & Ratings
Detailed Forecast from 6 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Venus Pipes & Tubes is engaged in manufacturing and exporting of stainless-steel pipes and tubes.
Peers
Compare with peersJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ cr.
All values in ₹ cr.
Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 120.50 | 179.32 | 312.03 | 389.07 | 554.80 | 805.38 | 866.38 | |||||||
Raw Materials | 105.36 | 165.93 | 263.21 | 362.72 | 466.20 | 632.19 | 696.05 | |||||||
| Power & Fuel Cost | 1.61 | 1.68 | 1.83 | 3.04 | 6.03 | 16.93 | ||||||||
| Employee Cost | 2.53 | 2.67 | 3.20 | 6.25 | 10.18 | 22.37 | ||||||||
| Selling & Administrative Expenses | 1.79 | 1.84 | 3.05 | 5.12 | 9.93 | 18.72 | ||||||||
| Operating & Other expenses | -0.83 | -5.95 | 3.27 | -39.41 | -9.04 | -34.33 | ||||||||
EBITDA | 10.04 | 13.15 | 37.47 | 51.35 | 71.50 | 149.50 | 170.33 | |||||||
| Depreciation/Amortization | 1.99 | 2.11 | 0.97 | 1.43 | 1.97 | 11.77 | 14.72 | |||||||
| PBIT | 8.05 | 11.04 | 36.50 | 49.92 | 69.53 | 137.73 | 155.61 | |||||||
| Interest & Other Items | 3.11 | 4.55 | 5.56 | 7.06 | 9.84 | 22.08 | 26.43 | |||||||
| PBT | 4.94 | 6.49 | 30.94 | 42.86 | 59.69 | 115.65 | 129.18 | |||||||
| Taxes & Other Items | 1.19 | 2.36 | 7.31 | 11.21 | 15.48 | 29.67 | 33.07 | |||||||
| Net Income | 3.75 | 4.13 | 23.63 | 31.65 | 44.21 | 85.98 | 96.11 | |||||||
| EPS | 2.86 | 3.15 | 18.04 | 22.35 | 24.89 | 42.36 | 47.35 | |||||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 0.50 | 1.00 | |||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.02 |
Company Updates
Annual report
PDFPeers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Venus Pipes and Tubes Ltd | 44.46 | 9.41 | 0.03% |
| JSW Steel Ltd | 27.59 | 3.05 | 0.92% |
| Tata Steel Ltd | -41.51 | 1.99 | 2.44% |
| Jindal Steel And Power Ltd | 15.81 | 2.10 | 0.21% |
Price Comparison
Compare VENUSPIPES with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
JM Small Cap Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1432% | Percentage of the fund’s portfolio invested in the stock 0.95% | Change in the portfolio weight of the stock over the last 3 months -0.65% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 71/91 (-17) |
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1253% | Percentage of the fund’s portfolio invested in the stock 0.30% | Change in the portfolio weight of the stock over the last 3 months 0.30% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 297/309 (+8) |
Groww Nifty Total Market Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0007% | Percentage of the fund’s portfolio invested in the stock 0.01% | Change in the portfolio weight of the stock over the last 3 months 0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 775/797 (+7) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
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
Dividend/Share
₹0.50
Ex DateEx Date
Sep 17, 2024
Cash Dividend
Ex DateEx DateNov 7, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Nov 7, 2023
Cash Dividend
Ex DateEx DateSep 18, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Sep 18, 2023
Cash Dividend
Ex DateEx DateNov 18, 2022
Dividend/Share
₹0.50
Ex DateEx Date
Nov 18, 2022
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
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
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
Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 46.22%, vs industry avg of 9.87%
Increasing Market Share
Over the last 5 years, market share increased from 0.02% to 0.1%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 87.1%, vs industry avg of 4.85%