Venus Pipes & Tubes Limited

BSE: VENUSPIPES543528ISIN INE0JA001018

Industrials
Iron & Steel Products
BSE 1000

Share price

₹1,840.60+60.65 (+3.41%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹2,347.55
52W low: ₹888.45
Off 52W high: -21.59%
1M return: -16.53%
3M return: +13.07%
6M return: +31.95%
1Y return: +45.10%
20D avg volume: 10,408
50 DMA: ₹1,919.81
200 DMA: ₹1,486.41

Key ratios Standalone

Market cap: ₹3,813 Cr
Current price: ₹1,840.60
52W high / low: ₹2,347.55 / ₹888.45
Face value: ₹10.00
P/E: 40.76
P/B: 8.74
EPS (TTM): ₹45.16
Book value / share: ₹210.59
ROE: 21.44%
ROCE: 22.80%
Operating margin: 16.91%
Net margin: 8.24%
Debt / equity: 0.43
Net debt: ₹279.34 Cr
Interest cover: 4.36
Dividend yield: 0.05%
Dividend / share (TTM): ₹1.00
Payout: 2.21%
Cash conversion cycle: 109.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	320.54	302.19	296.70	291.54	276.41	258.14	231.30	228.95	240.14	224.10	207.13	191.35
	2.69	2.14	2.60	2.97	3.92	5.01	0.97	3.65	1.02	0.14	2.00	0.48
	323.23	304.34	299.30	294.51	280.33	263.15	232.27	232.60	241.16	224.25	209.12	191.84
	287.52	269.56	264.42	260.09	246.62	230.74	208.07	200.82	204.19	190.44	177.97	164.59
	232.06	196.01	226.35	200.81	155.18	190.16	188.29	202.75	167.29	179.58	149.61	159.00
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	15.77	13.49	12.67	12.55	11.71	10.35	10.34	8.84	8.42	6.61	6.24	5.52
	11.28	10.48	10.47	10.10	9.79	9.41	9.11	8.18	7.65	7.53	6.20	5.05
	7.22	6.29	6.11	5.96	5.22	4.79	4.76	4.64	4.34	3.83	3.68	2.87
	45.60	44.43	40.02	36.60	34.26	34.21	28.55	27.88	22.83	19.27	15.29	14.12
	35.71	34.77	34.88	34.42	33.71	32.41	24.20	31.79	36.97	33.81	31.16	27.25
	0.00	0.19	-0.65	0.00	0.00	0.00	—	—	—	—	—	—
	35.71	34.96	34.24	34.42	33.71	32.41	24.20	31.79	36.97	33.81	31.16	27.25
	9.30	9.46	8.62	8.33	8.95	8.71	6.23	8.13	9.41	8.77	7.88	6.99
	26.41	25.50	25.61	26.09	24.76	23.70	17.97	23.66	27.56	25.04	23.27	20.26
	12.75	12.38	12.46	12.74	12.12	11.65	8.84	11.63	13.58	12.34	11.47	9.98
Key metrics
	54.21	51.73	50.82	50.48	48.72	46.61	38.07	44.61	48.96	45.17	41.04	35.17
	16.90%	17.10%	17.10%	17.30%	17.60%	18.10%	16.50%	19.50%	20.40%	20.20%	19.80%	18.40%
	8.20%	8.40%	8.60%	8.90%	9.00%	9.20%	7.80%	10.30%	11.50%	11.20%	11.20%	10.60%
	—	5.80%	—	6.50%	—	7.30%	—	—	—	—	—	—
	16.00%	17.10%	28.30%	27.30%	15.10%	15.20%	11.70%	19.60%	—	—	—	—
	6.70%	7.60%	42.50%	10.30%	-10.20%	-5.40%	-22.80%	16.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,211	1,167	958.53	802.20	552.40	386.95
	10.40	11.63	10.65	3.18	2.40	2.12
	1,221	1,178	969.18	805.38	554.79	389.07
	1,082	1,041	843.81	689.73	495.11	346.20
	855.23	778.36	748.50	632.19	466.20	356.26
	0.00	0.00	0.00	—	—	6.46
	54.48	50.43	37.95	22.37	10.18	6.25
	42.33	40.84	34.35	22.08	9.84	7.06
	25.58	23.58	18.53	11.77	1.97	1.42
	166.65	155.31	113.47	58.22	28.53	16.43
	139.78	137.79	125.37	115.64	59.69	42.88
	-0.46	-0.46	0.00	—	—	—
	139.33	137.33	125.37	115.64	59.69	42.88
	35.71	35.37	32.48	29.66	15.48	11.21
	103.61	101.96	92.89	85.98	44.21	31.67
	50.33	49.51	45.65	42.36	22.60	22.55
Key metrics
	207.24	201.75	178.25	149.49	71.50	51.36
	17.11%	17.30%	18.60%	18.60%	12.90%	13.30%
	8.56%	8.70%	9.70%	10.70%	8.00%	8.20%
	—	22.80%	27.80%	—	—	—
	21.73%	21.70%	19.50%	45.20%	42.80%	—
	15.01%	9.80%	8.00%	94.50%	39.60%	—
	—	-76.24	-39.73	—	—	—
	—	1.10	0.74	—	—	—
	—	0.43	0.36	—	—	—
	—	279.34	188.60	—	—	—
	—	109.3	112.3	—	—	—
Balance sheet
	—	1,300	1,008	—	—	—
	—	738.91	612.55	—	—	—
	—	6.18	2.94	—	—	—
	—	259.86	192.01	—	—	—
	—	386.89	342.78	—	—	—
	—	54.31	58.77	—	—	—
	—	396.13	308.83	—	—	—
	—	297.33	239.87	—	—	—
	—	519.08	434.68	—	—	—
	—	285.52	191.54	—	—	—
	—	194.95	163.52	—	—	—
	—	90.57	28.02	—	—	—
	—	668.48	531.48	—	—	—
Cash flow
	—	112.42	68.66	—	—	—
	—	-202.82	-114.19	—	—	—
	—	93.65	47.43	—	—	—
	—	188.66	108.39	—	—	—

Compounded growth

Sales CAGR 3Y: +28.31%
Sales CAGR 5Y: —
Profit CAGR 3Y: +32.12%
Profit CAGR 5Y: —
Sales YoY (TTM): +21.73%
Profit YoY (TTM): +15.01%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 27 Oct 2026

Promoter holding: 43.71%

Quarter	27 Oct 2026	September 2026	June 2026
Promoter %	43.71%	43.71%	48.42%

Holder	Type	Holding	Previous	Change
MEGHARAM S CHOUDHARY	Promoter	15.66%	15.66%	0.00%
DHRUV MAHENDRAKUMAR PATEL	Promoter	11.56%	11.56%	0.00%
ARUN AXAYKUMAR KOTHARI	Promoter	6.09%	6.09%	0.00%
JAYANTIRAM MOTIRAM CHOUDHARY	Promoter	5.28%	5.28%	0.00%
PAYAL ARUN BHAI KOTHARI	Promoter Group	5.11%	5.11%	0.00%
KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD.	Public	4.52%	4.52%	0.00%
PIONEER INVESTMENT FUND SCHEME II	Public	3.55%	3.55%	0.00%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA	Public	2.62%	2.62%	0.00%
KITARA PIIN 2401	Public	1.30%	1.30%	0.00%
SUNDARAM MUTUAL FUND A/C SUNDARAM SMALL CAP FUND	Public	1.27%	1.27%	0.00%
TATA BUSINESS CYCLE FUND	Public	1.21%	1.21%	0.00%
AMBIT INDIA ASCENSION FUND	Public	1.14%	1.14%	0.00%
WHITEOAK CAPITAL INDIA OPPORTUNITIES FUND	Public	1.10%	1.10%	0.00%
ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK INDIA OPPORTUNITIES F	Public	1.03%	1.03%	0.00%
VISHWA JEET JHANWAR	Promoter Group	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—

Filings & corporate actions

Recent announcements

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a conference call with the Analysts/Investors for the Q2 FY 2026-27 Financial ....2 Nov 2026 · Company Update / Analyst / Investor Meet
Venus Pipes & Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Pursuant to Regulation ....30 Oct 2026 · Board Meeting / Board Meeting
Intimation30 Oct 2026 · Company Update / Press Release / Media Release
intimation30 Oct 2026 · Company Update / Award of Order / Receipt of Order
Intimation27 Oct 2026 · Company Update / Allotment of Equity Shares
Press Release20 Oct 2026 · Company Update / Press Release / Media Release
Intimation20 Oct 2026 · Company Update / General
Intimation13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation8 Oct 2026 · AGM/EGM / EGM
Intimation8 Oct 2026 · AGM/EGM / EGM
Intimation1 Oct 2026 · Company Update / Newspaper Publication
Intimation30 Sep 2026 · Company Update / General
Intimation30 Sep 2026 · AGM/EGM / EGM
Intimation25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation17 Sep 2026 · Company Update / Newspaper Publication
Intimation16 Sep 2026 · AGM/EGM / EGM
Intimation16 Sep 2026 · Company Update / Issue of Securities
Intimation16 Sep 2026 · Company Update / Preferential Issue
Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors of ....16 Sep 2026 · Board Meeting / Outcome of Board Meeting
Re-appointments of Directors of Venus Pipes & Tubes Limited12 Sep 2026 · Company Update / Change in Management
Intimation12 Sep 2026 · AGM/EGM / AGM
Intimation11 Sep 2026 · AGM/EGM / AGM
Intimation10 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Venus Pipes & Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/09/2026 ,inter alia, to consider and approve With respect to the subject ....10 Sep 2026 · Board Meeting / Board Meeting
Newspaper Intimation21 Aug 2026 · Company Update / Newspaper Publication
Intimation20 Aug 2026 · Company Update / General
Intimation20 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
12th Annual Report for the Financial Year ended March 31, 202620 Aug 2026 · Others / Reg. 34 (1) Annual Report
Intimation20 Aug 2026 · AGM/EGM / AGM
Intimation20 Aug 2026 · Corp. Action / Record Date
Notice of Agm20 Aug 2026 · AGM/EGM / AGM
Intimation17 Aug 2026 · Company Update / Earnings Call Transcript
Press Release17 Aug 2026 · Company Update / Press Release / Media Release
Intimation17 Aug 2026 · Company Update / General
Newspaper Publication14 Aug 2026 · Company Update / Newspaper Publication
Intimation13 Aug 2026 · Company Update / General
Intimation13 Aug 2026 · Company Update / Change in Management
Outcome of the Board Meeting and Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201513 Aug 2026 · Others / Outcome without intimation
Newspaper Publication11 Aug 2026 · Company Update / Newspaper Publication
This is with reference to our intimation dated 6th August, 2026 regarding Earnings Call with the investors on the Unaudited Financial Results for the quarter ended on June 30, 2026. In ....10 Aug 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.5000	4 Sep 2026	4 Sep 2026	—
Interim Dividend - Rs. - 0.5000	18 Nov 2025	18 Nov 2025	—
Final Dividend - Rs. - 0.5000	18 Sep 2025	18 Sep 2025	—
Interim Dividend - Rs. - 0.5000	29 Nov 2024	29 Nov 2024	—
Final Dividend - Rs. - 0.5000	17 Sep 2024	18 Sep 2024	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results