Venus Pipes and Tubes Ltd
BSE:543528
Venus Pipes and Tubes Ltd
Venus Pipes & Tubes Ltd. manufactures stainless steel pipes and tubes. The company is headquartered in Kachchh, Gujarat and currently employs 338 full-time employees. The company went IPO on 2022-05-24. The firm is engaged in manufacturing and exporting of stainless-steel pipes and tubes. The firm manufactures stainless steel tubular products in two broad categories: seamless tubes/pipes; and welded tubes/pipes, under which it is manufacturing five product lines, namely, stainless steel high precision & heat exchanger tubes; stainless steel hydraulic & instrumentation tubes; stainless steel seamless pipes; stainless steel welded pipes; and stainless-steel box pipes. Under it brand name Venus it supplies products for applications in diverse sectors including chemicals, engineering; fertilizers; pharmaceuticals, power, food processing; paper; and oil and gas. The company has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti.
Venus Pipes & Tubes Ltd. manufactures stainless steel pipes and tubes. The company is headquartered in Kachchh, Gujarat and currently employs 338 full-time employees. The company went IPO on 2022-05-24. The firm is engaged in manufacturing and exporting of stainless-steel pipes and tubes. The firm manufactures stainless steel tubular products in two broad categories: seamless tubes/pipes; and welded tubes/pipes, under which it is manufacturing five product lines, namely, stainless steel high precision & heat exchanger tubes; stainless steel hydraulic & instrumentation tubes; stainless steel seamless pipes; stainless steel welded pipes; and stainless-steel box pipes. Under it brand name Venus it supplies products for applications in diverse sectors including chemicals, engineering; fertilizers; pharmaceuticals, power, food processing; paper; and oil and gas. The company has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti.
Record Revenue: Venus Pipes and Tubes reported all-time high Q3 FY'26 revenue of INR 296.7 crores, up 28.3% year-on-year.
Profit Growth: Q3 PAT rose to INR 25.6 crores, up 42% YoY, with EBITDA up 31% YoY to INR 48.8 crores.
Margin Expansion Expected: Management expects EBITDA margin to rise from current 16.4% to around 18% by FY'28, as value-added products ramp up.
Strong Order Book: Current order book stands at INR 470 crores (up from INR 350 crores last year), with over 30% exports.
Capacity Expansion: New capacities in fittings and seamless pipes expected to be operational by March 2026, supporting growth of over 20% in FY'27.
Export Update: Export sales were INR 93.5 crores for the quarter (31.5% of revenue), with US contribution temporarily lower due to tariff uncertainty but expected to rebound.
Healthy Utilization: Seamless pipe utilization above 90%, welded above 60%, with new capacity contributing to volumes.
Sector Strength: Domestic demand is rising, especially from power, oil & gas, and engineering sectors, aided by government infrastructure focus.
