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Venus Pipes & Tubes (VENUSPIPES)₹1,764−1.42%Iron & Steel Products
In the Jun 2026 quarter (standalone), Venus Pipes & Tubes reported sales of ₹320 Cr, up 16.4% from Jun 2025, and net profit of ₹26.07 Cr, up 3.9% year on year. For the year to Mar 2026, sales were ₹1,164 Cr and net profit ₹102 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 190 | 206 | 223 | 239 | 228 | 230 | 257 | 275 | 291 | 296 | 301 | 320 |
| Expenses | 157 | 168 | 179 | 192 | 188 | 194 | 217 | 232 | 244 | 248 | 253 | 270 |
| Operating Profit | 35.13 | 39.10 | 45.10 | 48.16 | 41.11 | 37.14 | 42.10 | 45.17 | 48.15 | 49.17 | 49.13 | 52.17 |
| OPM % | 17.9% | 19.0% | 19.9% | 19.9% | 18.0% | 15.9% | 15.9% | 16.0% | 15.9% | 16.0% | 16.0% | 15.9% |
| Other Income | 0.00 | 1.99 | 0.00 | 0.99 | 3.99 | 0.99 | 4.98 | 3.99 | 2.99 | 1.99 | 1.99 | 2.99 |
| Interest | 4.99 | 5.99 | 7.99 | 7.99 | 7.99 | 8.99 | 8.99 | 9.99 | 9.99 | 9.99 | 9.99 | 10.99 |
| Depreciation | 2.99 | 3.99 | 3.99 | 3.99 | 4.99 | 4.99 | 5.01 | 4.99 | 5.99 | 5.99 | 5.99 | 6.99 |
| Profit before tax | 27.11 | 31.10 | 34.13 | 37.12 | 32.11 | 24.08 | 32.10 | 34.09 | 34.10 | 34.13 | 35.10 | 36.12 |
| Tax % | 25.9% | 24.9% | 25.9% | 24.9% | 25.9% | 25.9% | 26.9% | 26.9% | 23.9% | 24.9% | 26.9% | 26.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.49 | 0.15 | 0.00 |
| Net Profit | 20.07 | 23.06 | 25.07 | 28.07 | 24.05 | 18.05 | 24.08 | 25.08 | 26.06 | 26.08 | 26.06 | 26.07 |
| EPS (Rs) | 9.97 | 11.46 | 12.32 | 13.57 | 11.60 | 8.81 | 11.59 | 12.07 | 12.65 | 12.35 | 12.29 | 12.74 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 178 | 308 | 386 | 550 | 800 | 956 | 1,164 | 1,208 |
| Expenses | 110 | 166 | 275 | 338 | 484 | 657 | 792 | 977 | 1,016 |
| Operating Profit | 8.03 | 12.03 | 35.13 | 49.14 | 69.19 | 146 | 168 | 192 | 199 |
| OPM % | 7.0% | 7.0% | 10.9% | 13.0% | 12.9% | 17.9% | 16.9% | 16.0% | 16.4% |
| Other Income | 1.99 | 1.99 | 2.99 | 1.99 | 1.99 | 2.99 | 10.96 | 10.96 | 9.96 |
| Interest | 2.99 | 4.99 | 5.99 | 6.99 | 9.99 | 21.98 | 33.99 | 40.97 | 40.96 |
| Depreciation | 2.01 | 1.99 | 0.99 | 0.99 | 1.99 | 11.99 | 19.01 | 23.99 | 24.96 |
| Profit before tax | 5.02 | 6.02 | 31.10 | 43.13 | 60.18 | 116 | 125 | 137 | 139 |
| Tax % | 24.0% | 35.9% | 23.9% | 25.9% | 25.9% | 25.9% | 25.9% | 25.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.34 |
| Net Profit | 4.01 | 4.01 | 24.07 | 32.11 | 44.12 | 86.25 | 93.32 | 102 | 104 |
| EPS (Rs) | 4.28 | 4.72 | 27.03 | 20.80 | 21.77 | 42.29 | 45.46 | 49.15 | 50.03 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 2.0% | 1.0% | 2.0% | 1.0% | — |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.99 | 8.99 | 8.99 | 14.98 | 19.95 | 19.98 | 19.97 | 20.97 |
| Reserves | 3.01 | 8.04 | 31.12 | 113 | 302 | 387 | 512 | 650 |
| Borrowings | 29.08 | 43.09 | 38.09 | 64.16 | 89.99 | 149 | 192 | 197 |
| Other Liabilities | 38.00 | 47.91 | 59.80 | 54.77 | 94.54 | 201 | 284 | 433 |
| Total Liabilities | 79.08 | 107 | 138 | 248 | 507 | 758 | 1,008 | 1,300 |
| Fixed Assets | 10.01 | 11.99 | 20.01 | 20.99 | 60.03 | 282 | 310 | 399 |
| CWIP | 0.00 | 2.99 | 0.00 | 6.98 | 122 | 11.96 | 66.80 | 124 |
| Investments | 0.00 | 0.00 | 0.00 | 0.99 | 2.99 | 2.99 | 2.99 | 0.99 |
| Other Assets | 69.07 | 92.05 | 118 | 218 | 323 | 461 | 630 | 776 |
| Inventories | 35.90 | 43.86 | 43.87 | 92.74 | 167 | 225 | 342 | 386 |
| Trade receivables | 22.04 | 31.05 | 45.11 | 74.15 | 70.15 | 177 | 192 | 261 |
| Cash & equivalents | 2.01 | 5.01 | 4.01 | 7.01 | 26.05 | 8.01 | 13.03 | 29.05 |
| Total Assets | 79.08 | 107 | 138 | 248 | 507 | 758 | 1,008 | 1,300 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −6.98 | 1.99 | 10.97 | −59.86 | 8.98 | 51.82 | 68.85 | 112 |
| Cash from investing activity | −0.99 | −11.97 | −1.99 | −22.94 | −167 | −99.67 | −114 | −203 |
| Cash from financing activity | 8.01 | 10.02 | −9.02 | 83.15 | 169 | 38.03 | 47.09 | 94.18 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 10.96 | −9.97 | 1.99 | 2.99 |
| Capex | 1.99 | 6.98 | 4.99 | 20.93 | 162 | 107 | 108 | 188 |
| Free cash flow | −9.01 | −5.01 | 6.01 | −81.04 | −153 | −55.10 | −40.07 | −76.13 |
| CFO / OP % | −65.0% | 30.0% | 35.0% | −99.0% | 40.0% | 49.1% | 52.1% | 76.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 67 | 64 | 54 | 70 | 48 | 82 | 74 | 82 |
| Inventory days | 129 | 102 | 61 | 107 | 136 | 142 | 195 | 182 |
| Days payable | 117 | 96 | 59 | 45 | 61 | 110 | 137 | 141 |
| Cash conversion cycle | 79 | 69 | 55 | 132 | 122 | 113 | 131 | 123 |
| Working capital days | 46 | 28 | 40 | 99 | 75 | 62 | 62 | 60 |
| ROCE % | — | 22.0% | 53.0% | 37.0% | 23.0% | 28.0% | 25.0% | 22.0% |
For the Jun 2026 quarter, Venus Pipes & Tubes reported sales of ₹320 Cr, up 16.4% year on year and net profit of ₹26.07 Cr, up 3.9% year on year. The operating margin was 15.9%.
Venus Pipes & Tubes' sales for the year to Mar 2026 were ₹1,164 Cr; over the last twelve months they were ₹1,208 Cr.
Net profit for the year to Mar 2026 was ₹102 Cr, and ₹104 Cr over the last twelve months. Earnings per share over the same trailing period were ₹50.03.
Venus Pipes & Tubes reported borrowings of ₹197 Cr at Mar 2026, against cash and equivalents of ₹29.05 Cr.
Cash from operations was ₹112 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹76.13 Cr.