Venus Pipes & Tubes Share Price

• Business Line
• 1 week 3 days ago

Analysts at Antique Stock Broking maintained a 'Buy' rating on the stock with a target price of 1,593 per share (unchanged from 1,592 earlier), based on a target FY28E P/E multiple of 17x

• Business Standard
• 2 weeks 5 days ago

Iron & Steel Products company Venus Pipes & Tubes announced Q4FY26 & FY26 results Standalone Financial Highlights: Revenue from Operations: For Q4FY26, the company reported revenue of Rs 3,021.95 million, representing a growth of 1.85% on a QoQ basis compared to Rs 2,966.99 million in Q3FY26 and an increase of 17.07% on a YoY basis compared to Rs 2,581.36 million in Q4FY25. Total Income: Total income for Q4FY26 stood at Rs 3,043.38 million, up by 1.68% from Rs 2,993.03 million in the previous quarter and up by 15.65% from Rs 2,631.51 million in the corresponding quarter of the previous year. For the full year FY26, total income reached Rs 11,784.80 million compared to Rs 9,691.79 million in FY25, a growth of 21.59%. Profit Before Tax (PBT): The company achieved a PBT of Rs 349.60 million in Q4FY26, marking a 2.11% increase from Rs 342.36 million in Q3FY26 and a 7.86% increase from Rs 324.13 million in Q4FY25. The annual PBT for FY26 was Rs 1,373.30 million, up 9.54% from Rs 1,253.66 million in FY25. Net Profit after Tax (PAT): Net profit for Q4FY26 was Rs 254.96 million, showing a marginal decline of 0.45% QoQ from Rs 256.12 million, but a YoY growth of 7.56% compared to Rs 237.05 million in Q4FY25. For the full year FY26, net profit grew by 9.77% to Rs 1,019.62 million from Rs 928.89 million in FY25. Total Comprehensive Income: The total comprehensive income for Q4FY26, was Rs 254.68 million. For the full year FY26, it stood at Rs 1,027.29 million, an increase of 11.23% compared to Rs 923.57 million in FY25. Earnings Per Share (EPS): Basic EPS for Q4FY26 was Rs 12.38, compared to Rs 12.46 in Q3FY26 and Rs 11.65 in Q4FY25. The annual basic EPS for FY26 improved to Rs 49.51 from Rs 45.65 in FY25. Business Highlights: Segment Performance: The company operates in a single operating segment, and as such, there are no separate reportable segments under Ind AS 108. Dividend Declaration: The Board of Directors has recommended a final dividend of Rs 0.50 per equity share (5% on the face value of Rs 10 per share) for the financial year 2025-26. Combined with the interim dividend, the total dividend for FY26 stands at Rs 1 per equity share. Warrants Conversion: The company previously allotted 4,20,000 Convertible Warrants. During Q3FY26, all remaining warrants were converted into Equity Shares, leaving no warrants outstanding as of March 31, 2026. Labour Codes Impact: The company recognized an exceptional item related to the impact of New Labour Codes. The estimated incremental liability for gratuity and compensated absences was revised to Rs 4.58 million for FY26, with an excess provision of Rs 1.87 million reversed during Q4FY26. Audit Appointments: The Board approved the re-appointment of M/s BRM & Co., Chartered Accountants, as Internal Auditors and M/s K V M & Co., Cost Accountants, as Cost Auditors for FY27. Arun Kothari, Managing Director, Venus Pipes & Tubes, said: “We are proud to report our best-ever annual performance despite challenging global environment. Revenue grew 22% to INR 1,167 crore in FY26, highest in the company’s history. During the year, our focus remained on ramping up operations, commissioning and stabilizing expanded capacities, while also securing larger orders and deepening our presence across sectors where our participation was previously limited. Our domestic business continued to strengthen, supported by improving demand visibility, particularly from sectors that historically contributed minimally to our portfolio. Export performance too remained resilient despite geopolitical uncertainties and war-like situations in the Middle East, reflecting the strength of our customer relationships and execution capabilities. In line with our vision of becoming a one-stop piping solutions provider, we are forward integrating by entering the spooling business and have already received an LOI for an order worth INR 185 crore from customer in the data center segment for spooled pipes. This order-led capex initiative underscores the trust customers place in our execution capabilities and integrated offerings. Our previous capex is now fully live and operational, and we are committed to ramping up the same in coming year. While we navigate volatility in raw material prices and energy-related uncertainties our focus remains on operational efficiency, disciplined execution, and customer-centric growth. As we enter FY27, we remain committed to strengthening our manufacturing capabilities, expanding our product portfolio, and pivot towards integrated solutions offering. Result PDF

• Trendlyne
• 2 weeks 6 days ago