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Venus Pipes & Tubes Ltd

(VENUSPIPES)

₹2279.851.36%

as on 04:01PM, 11 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 5 analysts

BUY

83.33%

Buy

16.67%

Hold

0.00%

Sell

Based on 5 analysts offering long term price targets for Venus Pipes & Tubes Ltd. An average target of ₹2529.6

Source: S&P Global Market Intelligence

Venus Pipes & Tubes Ltd Share analysis

Venus Pipes & Tubes Ltd price forecast by 5 analysts

Upside of12.47%

High

₹2808

Target

₹2529.60

Low

₹2160

Venus Pipes & Tubes Ltd target price ₹2529.6, a slight upside of 12.47% compared to current price of ₹2279.85. According to 5 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹2,230.8
    ₹2,305
  • 52 Week's Low

    52 Week's High

    ₹1,203
    ₹2,450.35
1 Month Return+ 8.19 %
3 Month Return+ 5.19 %
1 Year Return+ 43.55 %
Previous Close₹2,249.20
Open₹2,230.80
Volume56.82K
Upper Circuit-
Lower Circuit-
Market Cap₹4,580.97Cr

Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹4,580.97 Cr
P/B Ratio9.43
EPS0
Dividend Yield0
SectorSteel
ROE23.61

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹4,580.97 Cr106.95%0.64NANA
BUY₹2,292.06 Cr103.53%0.74₹75 Cr₹2,894 Cr
NA₹3,743.07 Cr17.81%0.55NANA
BUY₹4,403.03 Cr20.25%0.51₹113 Cr₹2,040 Cr
NA₹2,247.73 Cr47.42%0.72NANA

Company Information

Venus Pipes & Tubes Ltd. is a stainless steel manufacturer and exporter that produces 5 product lines including 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. Since its incorporation in 2015, Venus Pipes & Tubes Ltd. has established a manufacturing plant in Dhaneti, Gujarat, and increased their production lines of stainless steel seamless pipes in 2017. Exported products are sent to countries such as the European Union, Brazil, United Kingdom and Israel. They are one of the leading stainless steel pipes and tubes manufacturers in the industry that provide products for a variety of industries, such as chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, and oil and gas.

Share Price: ₹2279.85 per share as on 11 Sep, 2024 04:01 PM
Market Capitalisation: ₹4,580.97Cr as of today
Listing date: 24 May, 2022
Chairperson Name: Jayantiram Motiram Choudhary
OrganisationVenus Pipes & Tubes Ltd
HeadquartersKutch
IndustrySteel
E-voting on sharesClick here to vote

Key events for Venus Pipes & Tubes Ltd

  • Venus Pipes & Tubes Under DRI Investigation - 06 Sep, 2024

    Venus Pipes & Tubes faced a search by the Directorate of Revenue Intelligence regarding alleged customs duty evasion. The company has deposited Rs 5 crore as duty under protest, with the full impact of the investigation still unclear.

  • Venus Pipes Under Investigation for Customs Duty Evasion - 05 Sep, 2024

    Venus Pipes & Tubes Ltd is under investigation by the Directorate of Revenue Intelligence for alleged customs duty evasion. A search was conducted at the company's offices, and they have deposited ₹5 crore as duty under protest. The company believes the investigation will not materially impact its financial operations. Shares fell by 4.17% to ₹2,210.00.

Insights on Venus Pipes & Tubes Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, VENUSPIPES has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 4.27% to 5.10% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.55% to 3.60% in Jun 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 48.68% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 34.04% to 33.03% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, VENUSPIPES stock has moved down by -2.4%

Company Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹137.66Cr (-)₹248.01Cr (↑80.16%)₹507.60Cr (↑104.67%)₹757.88Cr (↑49.31%)
Total Liabilities₹97.73Cr (-)₹119.48Cr (↑22.26%)₹185.39Cr (↑55.16%)₹351.78Cr (↑89.75%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹2.41Cr (-)₹11.33Cr (↑370.12%)-₹60.00Cr (↓629.57%)₹8.69Cr (↓114.48%)₹52.23Cr (↑501.04%)

Index Inclusions

S&P BSE Indus.

₹15,575.93

-0.38 (-59.57%)

BSE Small-Cap

₹56,147.62

-0.57 (-320.25%)

S&P BSE AllCap

₹10,870.82

-0.5 (-54.17%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
48.68%
0.00
Foreign Institutions
5.1%
19.64
Mutual Funds
3.6%
1.40
Retail Investors
33.03%
-2.95
Others
9.59%
1.24

Key Indicators

Details20202021202220232024
Return On Equity %29.0484.0937.619.6223.61

Earnings and Dividends

  • Venus Pipes & Tubes Ltd Earnings Results

    Venus Pipes & Tubes Ltd’s net profit jumped 58.3% since last year same period to ₹27.56Cr in the Q1 2024-2025. On a quarterly growth basis, Venus Pipes & Tubes Ltd has generated 10.06% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Venus Pipes & Tubes Ltd Dividends October,2023

    In the quarter ending September 2023, Venus Pipes & Tubes Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.07%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Venus Pipes & Tubes Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

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Venus Pipes & Tubes Ltd (VENUSPIPES) share price today is ₹2279.85

Venus Pipes & Tubes Ltd is listed on NSE

Venus Pipes & Tubes Ltd is listed on BSE

  • Today’s highest price of Venus Pipes & Tubes Ltd is ₹2305.
  • Today’s lowest price of Venus Pipes & Tubes Ltd is ₹2230.8.

Today’s traded volume of Venus Pipes & Tubes Ltd(VENUSPIPES) is 56.82K.

Today’s market capitalisation of Venus Pipes & Tubes Ltd(VENUSPIPES) is ₹4580.97Cr.

Venus Pipes & Tubes Ltd(VENUSPIPESPrice
52 Week High
₹2450.35
52 Week Low
₹1203

Venus Pipes & Tubes Ltd(VENUSPIPES) share price is ₹2279.85. It is down -6.96% from its 52 Week High price of ₹2450.35

Venus Pipes & Tubes Ltd(VENUSPIPES) share price is ₹2279.85. It is up 89.51% from its 52 Week Low price of ₹1203

Venus Pipes & Tubes Ltd(VENUSPIPESReturns
1 Day Returns
30.65%
1 Month Returns
8.19%
3 Month Returns
5.19%
1 Year Returns
43.55%