VENUSPIPESIndustrials

Venus Pipes & Tubes Limited

Iron & Steel Products · ISIN INE0JA001018 · BSE 543528 · NSE EQ · FV ₹10
Last price
₹2,132
+9.99%today
What this company does

Venus Pipes & Tubes Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹321 cr of revenue in its latest quarter (Q1 FY27) and kept 8.2% of sales as profit.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
77

At close. Not part of the score.

Profitability & returns74

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality34

Whether reported profit actually arrives as cash

Growth & consistency85

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 16% vs last year
Profit up 7% vs last year
Promoters hold 48%
No promoter shares pledged
Strong 16% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in VENUSPIPES?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,132 +9.99%
latest close · 2026-09-17
52-wk low ₹32169 sessions so far52-wk high ₹2,160
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio41.8High
LowAverageHigh
P/B ratio6.61High
Below bookModerateHigh
EV / EBITDA21.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.8%Strong
WeakFairStrong ▸15%
Return on capital24.1%Strong
WeakFairStrong
Net margin8.2%Decent
ThinDecentStrong
EBITDA margin16.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.43Comfortable
LowModerateHigh ▸1
Interest cover4.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.42Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,416 cr
Book value
₹323
EPS
₹12.75
latest quarter
Net debt
₹279 cr
owes more than its cash
Enterprise value
₹4,695 cr
EBITDA
₹217 cr
annualised
EBIT
₹188 cr
annualised
Operating margin
14.7%
Return on assets
8.1%
Earnings yield
2.39%
P/S
3.44
Sales / share
₹618.9
Tax rate
26.0%
Face value
₹10
Shares
2.1 cr
Working capital
₹220 cr
Current assets
₹739 cr
Current liabilities
₹519 cr
Delivery %
44.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹516₹887, midpoint ₹702

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹321 cr
Other Income₹3 cr
Total Income₹323 cr
Cost of Materials₹232 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-24 cr
Employee Benefit Expense₹16 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹7 cr
Other Expenses₹46 cr
Total Expenses₹288 cr
Profit before Tax₹36 cr
Tax Expense₹9 cr
Net Profit₹26 cr
Net margin on total income8.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹208 cr64.2%
Employee benefit expense₹16 cr4.9%
Finance costs₹11 cr3.5%
Depreciation & amortisation₹7 cr2.2%
Other expenses₹46 cr14.1%
Tax expense₹9 cr2.9%
Profit for the period₹26 cr8.2%
Total income ₹323 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue297 cr302 cr321 cr
Total income299 cr304 cr323 cr
Expenses264 cr270 cr288 cr
Profit before tax34 cr35 cr36 cr
Tax9 cr9 cr9 cr
Net profit (owners' share)26 cr25 cr26 cr
Net margin (owners' share, on revenue)8.6%8.4%8.2%
EPS (₹)12.4612.3812.75
YoY (latest quarter): total income +15.3% · net profit +6.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,300 cr
Shareholder equity
₹668 cr
parent shareholders
Total debt
₹286 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹35 cr
Investing
₹-98 cr
Financing
₹78 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.05%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹0.5
ex 4 Sep 2026
ActionDetailEx-date
Dividend₹0.5 / share4 Sep 2026
Dividend₹0.5 / share18 Nov 2025
Dividend₹0.5 / share18 Sep 2025
Dividend₹0.5 / share29 Nov 2024
Dividend₹0.5 / share17 Sep 2024
Dividend₹0.5 / share7 Nov 2023
Who owns it · 2026-06-30
No pledge
Promoter
48.4%
FII / Foreign
2.6%
DII / Domestic
17.8%
Retail / others
31.2%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtARUN KOTHARI · Promoters5,000 · ₹70.6 L6 Nov 23
BoughtDHRUV MAHENDRAKUMAR PATEL, · Promoters5,000 · ₹70.9 L6 Nov 23
BoughtJayantiram Motiram Choudhary · Promoters5,200 · ₹66.3 L26 Sep 23
Bulk / block deals
short · NSE10010 Sep 26
short · NSE508 Sep 26
short · NSE1007 Sep 26
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
35.66 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To re-appoint Mr. Jayantiram Motiram Choudhary (DIN 02617118) who retires by rotation and being eligible, offers himself for re-appointment as a director.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
35.66 L votes for, 664 against · 0% of mutual funds and other big investors said no
3
To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
35.66 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
To ratify the remuneration of the Cost Auditors for the financial year 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
35.66 L votes for, 664 against · 0% of mutual funds and other big investors said no
9
To Re-appoint Mr. Shyam Agrawal (DIN: 03516372) as an Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 40% of shareholders other than promotersneeded 75%
14.40 L votes for, 21.27 L against · 88% of mutual funds and other big investors said no
12
To Increase in borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
⚑ Passed only because promoters voted yes
Backed by 41% of shareholders other than promotersneeded 75%
14.60 L votes for, 21.07 L against · 88% of mutual funds and other big investors said no
13
To Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180 (1)(a) of the Companies Act, 2013
⚑ Passed only because promoters voted yes
Backed by 69% of shareholders other than promotersneeded 75%
24.73 L votes for, 10.93 L against · 46% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 48.4% between them · as of 2026-06-30
MEGHARAM S CHOUDHARY17.35%
DHRUV MAHENDRAKUMAR PATEL12.80%
ARUN AXAYKUMAR KOTHARI6.75%
JAYANTIRAM MOTIRAM CHOUDHARY5.85%
PAYAL ARUN BHAI KOTHARI5.66%
VISHWA JEET JHANWAR0.01%
JYOTI RAKESH LAHOTIno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Apr 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

Capital Expenditure: Capital Expenditure for expansion into Fittings business and capacity expansion of Seamless/Welded Pipes and Tubes
100%
of what was set aside

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.