Venus Pipes and Tubes Ltd. is a leading manufacturer and supplier of stainless steel pipes and tubes, based in India. They have been in the business for over 15 years, initially starting as a trading company before venturing into manufacturing in 2015.
Venus Pipes Overview
| Category | Description | Details |
|---|---|---|
| Company: | Venus Pipes & Tubes Ltd. | Public Limited Company |
| Industry: | Steel Manufacturing | Stainless Steel Pipes and Tubes |
| Founded: | 2015 (as a manufacturer) | 2007 (as a trading company) |
| Headquarters: | Dhaneti, Gujarat, India | |
| Products: | – Seamless Pipes & Tubes | – High Precision & Heat Exchanger Tubes |
| Production Capacity: | Over 12,000 MT per month | |
| Markets Served: | – Chemicals | – Engineering |
| Exports: | Over 25 countries | |
| Certifications: | ISO 9001, 14001, 18001, OHSAS 18001 | |
| Website: | https://www.venuspipes.com/ | |
| Key Strengths: | – High-quality products | – Modern manufacturing facilities |
| Challenges: | – Intense competition in the steel industry | – Fluctuations in raw material prices |
Venus Pipes Products
| Category | Description |
|---|---|
| Seamless Pipes & Tubes | Manufactured using seamless technology for high pressure and temperature applications. |
| High Precision & Heat Exchanger Tubes | Precisely manufactured tubes for critical applications in heat exchangers. |
| Hydraulic & Instrumentation Tubes | Tubes designed for hydraulic and instrumentation systems requiring high accuracy and reliability. |
| Welded Pipes & Tubes | Cost-effective welded pipes and tubes for various industrial applications. |
| Box Pipes | Square and rectangular hollow sections for structural and decorative purposes. |
Venus Pipes Awards and Recognition
| Category | Recognition | Description |
|---|---|---|
| Industry Certifications | ISO 9001, 14001, 18001, OHSAS 18001 | These internationally recognized certifications showcase Venus Pipes’ dedication to quality management, environmental responsibility, occupational health and safety. Achieving and maintaining these certifications requires ongoing commitment to high standards. |
| Market Presence and Customer Satisfaction | Leading manufacturer in India, exports to over 25 countries | Venus Pipes’ strong presence in the domestic and international market indicates customer trust and satisfaction with their products and services. Their ability to compete globally further highlights their quality and competitiveness. |
| Positive Employer Reputation | 4.0 rating on Glassdoor | A positive employee review rating on a platform like Glassdoor suggests a healthy work environment, employee appreciation, and overall satisfaction with the company. This can attract and retain talent, contributing to long-term success. |
| Focus on R&D and Innovation | Development of new products and processes | Continuous investment in research and development demonstrates Venus Pipes’ commitment to staying ahead of the curve in the rapidly evolving steel industry. This focus on innovation allows them to offer differentiated products and cater to emerging market needs. |
Venus Pipes Fundamentals
| Metric | Value |
|---|---|
| Market Capitalization | ₹414.91 crore |
| Revenue (TTM) | ₹575.68 crore |
| EBITDA (TTM) | ₹145.06 crore |
| EPS (TTM) | ₹10.76 |
| P/E Ratio | 43.80 |
| P/B Ratio | 8.54 |
| Dividend Yield | 0.00% |
| Debt/Equity Ratio | 0.93 |
| Book Value | ₹44.80 |
| Face Value | ₹10 |
| ROE | 24.45% |
| Debt | ₹427.94 crore |
Venus Pipes Revenue and Net Profit
| Period | Revenue (Crore INR) | YoY Change (%) | Net Profit (Crore INR) | YoY Change (%) |
|---|---|---|---|---|
| FY March 2023 | 552.40 | 46.49% | 44.21 | 91.23% |
| FY March 2022 | 377.55 | 44.12% | 23.12 | 148.00% |
| FY March 2021 | 259.26 | 44.36% | 15.60 | 90.82% |
| FY March 2020 | 179.57 | -4.95% | 8.17 | 9.92% |
| FY March 2019 | 189.53 | 28.46% | 7.42 | 35.85% |
Venus Pipes Shareholding Patterns
| Category | Holding (%) | Change (from June 2023) | Number of Investors |
|---|---|---|---|
| Promoters: | 48.63% | +0.43% | – |
| – Promoter Group | 48.63% | +0.43% | – |
| Public Shares: | 51.37% | -0.43% | 55,952 |
| – Individual Shareholders | 32.53% | – | 55,952 |
| – FII/FPI | 6.60% | +0.11% | 31 |
| – Mutual Funds | 2.96% | -1.27% | 1 |
| – Others | 9.28% | – | – |
| Institutional Investors: | 13.85% | -1.37% | – |
Venus Pipes Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | 1st Target (INR) | 2nd Target (INR) |
|---|---|---|
| 2024 | 1620 | 1754 |
| 1700 | 1880 | |
| 2025 | 1864 | 1982 |
| 1950 | 2120 | |
| 2026 | 2080 | 2232 |
| 2200 | 2380 | |
| 2027 | 2454 | 2604 |
| 2500 | 2750 | |
| 2028 | 2850 | 3000 |
| 2800 | 3100 |
Venus Pipes Share Price Target for 2024
Venus Pipes Share Price Target for 2024 is 1620 – 1880.
Venus Pipes Share Price Target for 2025
Venus Pipes Share Price Target for 2025 is 1864 – 2120.
Venus Pipes Share Price Target for 2026
Venus Pipes Share Price Target for 2026 is 2080 – 2380.
Venus Pipes Share Price Target for 2027
Venus Pipes Share Price Target for 2027 is 2454 – 2750.
Venus Pipes Share Price Target for 2028
Venus Pipes Share Price Target for 2028 is 2850 – 3100.
Read more:
- Union Bank Share Price Target for 2024, 2025, 2026, 2027, 2028
- Federal Bank Share Price Target for 2024, 2025, 2026, 2027, 2028
Venus Pipes Dividend History
| Year | Dividend per Share (INR) | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| 2023 | 0.50 | Nov 07, 2023 | Sep 18, 2023 | Nov 07, 2023 (Interim) |
| 0.50 | Oct 25, 2023 | Nov 06, 2023 | Nov 06, 2023 (Final) | |
| 2022 | 0.50 | Nov 18, 2022 | Sep 17, 2022 | Nov 18, 2022 (Interim) |
Venus Pipes Share Split History
Venus Pipes & Tubes Ltd. has not undergone any stock splits since its listing in the year 2000.
Future Outlook of Venus Pipes
Positive Indicators:
- Strong growth: Venus Pipes has demonstrated impressive revenue and earnings growth in recent years, driven by factors like expanding capacity, rising steel demand, and focus on high-margin products. Analysts project continued growth in the coming years.
- Favorable market trends: The Indian steel industry is expected to benefit from government infrastructure spending plans and a growing manufacturing sector. This could boost demand for Venus Pipes’ products.
- Solid financials: Venus Pipes maintains a healthy balance sheet with low debt levels, providing room for future expansion and investment.
- Experienced management: The company’s leadership team has extensive experience in the steel industry and a proven track record of success.
- Expansion plans: Venus Pipes is actively expanding its production capacity and product portfolio, which could enhance its market share and competitiveness.
Risks Associated With Investing in Venus Pipes
| Category | Risk | Description | Impact |
|---|---|---|---|
| Industry Risks: | Volatile steel prices | Raw material price fluctuations can affect profitability. | Lower margins, reduced profits |
| Intense competition | Numerous players vying for market share. | Difficulty maintaining market share, lower returns | |
| Global economic slowdown | Dampened steel demand. | Reduced revenue, potential losses | |
| Company-Specific Risks: | Client concentration | Overdependence on a few major clients. | Vulnerability to client churn, financial instability |
| Limited product diversification | Reliance on specific product lines. | Susceptible to disruptions in specific segments | |
| Environmental concerns | Steel industry’s impact on sustainability. | Regulatory costs, negative investor sentiment | |
| Financial Risks: | Debt levels | Relatively high debt-to-equity ratio. | Financial constraints, higher interest burden |
| Dependence on promoters | Promoters hold a significant share. | Limited influence for minority shareholders |
Venus Pipes Competitors
| Company | Strengths | Weaknesses | Potential Impact on Venus Pipes |
|---|---|---|---|
| Jindal Stainless Ltd. | – Market leader in stainless steel products in India | – High debt levels | – Strong competition for market share and customer base |
| Tata Steel Ltd. | – Diversified steel manufacturer with global presence | – Lower focus on specific stainless steel products | – Potential competitor in specific segments, but less direct competition overall |
| JSW Steel Ltd. | – Strong growth and aggressive expansion plans | – Limited presence in certain high-margin stainless steel segments | – May compete for market share in some areas, but not a major threat overall |
| SAIL | – Large production capacity and strong brand recognition | – Public sector company with potential inefficiencies | – Could be a competitor in certain domestic markets, but less agile than Venus Pipes |
| Essar Steel India Ltd. | – Focus on high-volume stainless steel products | – Financial restructuring underway, potential uncertainties | – Potential competitor in specific segments, but may not pose a major threat in others |
| Metal Forge India | – Renowned for high-quality products and customer service | – Smaller company with limited production capacity | – May compete in specific niche markets, but unlikely to significantly impact Venus Pipes |
Venus Pipes Share Price FAQs
Q: What is the market capitalization of Venus Pipes?
A: The market capitalization of Venus Pipes is estimated to be around ₹414.91 crore.
Q: What is the analyst consensus on the future of Venus Pipes’ share price?
A: While predicting the future with certainty is impossible, some analysts offer cautiously optimistic outlooks for Venus Pipes’ share price. They cite factors like the company’s strong growth, favorable market trends, and expansion plans as potential drivers of future growth. However, it’s crucial to remember that analyst opinions are subjective and should not be solely relied upon for investment decisions.
DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
