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Venus Pipes share price & results

Venus Pipes· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Manufactures and exports stainless-steel welded and seamless pipes/tubes from its Kutch, Gujarat plant.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue321 ₹ crore+16.3% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin16.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit26.0 ₹ crore+4.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity17.39 %−2.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-6.60 %−2.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)21.93 %+2.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 3 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.

Venus Pipes management guidance track record on Inve: 16 targets tracked across analysed earnings calls (3 achieved, 0 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
Export Mix>30%
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q1 FY27:Actual export share for the quarter was ~29.3% (94cr/320.5cr), slightly below the >30% target, due to geopolitical issues. Management reiterates the intent and notes the order book has 40-45% export share.
Call transcript, Q1 FY27 · 10 Aug 2026		At Risk
FY27 Top-line Growth>20% growth
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q1 FY27:Q1 revenue grew 16% YoY, which is below the annual target. However, management reiterated the >20% growth guidance for FY27.
Call transcript, Q1 FY27 · 10 Aug 2026		On Track
FY26 Top-line Growth>20% growth
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q4 FY26:Achieved 22% YoY revenue growth for FY26 (INR 1166.8 cr). This met the original >20% target but fell short of the revised >25% guidance.
Call transcript, Q4 FY26 · 26 May 2026		Achieved*

Source: Inve Guidance Tracker for Venus Pipes · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

13 of Venus Pipes's 16 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹1,790.6 +4.77% · +₹81.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +35.9% 1Y

₹1.0k₹1.5k₹2.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 26 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹1,317.2 on 24 Oct 2025 → ₹1,790.6. High ₹2,282.9 (18 Sept 2026), low ₹894 (30 Mar 2026).

Previous close
₹1,709
Market cap
₹3.5k Cr
52-week range
₹894 – ₹2,282.9
One year
+37.74%
Price to earnings (TTM to Jun 2026)
33.93×
Return on equity (TTM to Jun 2026)
17.39%

Overview

Symbol
NSE:VENUSPIPES
Industry
Industrials
Exchange
NSE
Currency
INR

What Venus Pipes does

Based on the company's own presentations, annual report and earnings calls.

Venus Pipes & Tubes manufactures stainless-steel welded and seamless pipes and tubes at its integrated facility in Dhaneti, Kutch (Gujarat), located near the Kandla and Mundra ports, and has backward-integrated into in-house mother hollow pipe production. Its products serve traditional sectors such as chemicals, engineering, fertilizers, power, pharmaceuticals, food processing, nuclear, oil & gas, paper, aerospace and automobiles, as well as newer sectors like solar manufacturing, semiconductors and data centers. It sells domestically to a clientele that includes 80+ Fortune 500 companies in India and exports to more than 30 countries. The company is extending into pipe fittings, flanges and pipe-spooling & fabrication to become a one-stop piping-solutions provider, with a dedicated spooling facility being set up on the back of a data-center customer order.

Segments

  • Welded Pipes & Tubes
  • Seamless Pipes & Tubes
  • Fittings, Flanges & Spooling (new)
Total installed manufacturing capacity
48,000 MTPA
Backward-integrated mother hollow pipe capacity
~20,400 MTPA
Manufacturing facility
Single integrated plant at Dhaneti, Kutch, Gujarat — 55 km from Kandla port and 75 km from Mundra port
Land bank at manufacturing site
2,66,282 sq. mt.
Export reach
30+ countries
Diversified end-user industries served
10
Founded 2015Headquarters Dhaneti, Bhuj, Kachchh, Gujarat, IndiaEmployees 825 (FY 2024-25 (as of 31 Mar) Company website

How the price took the results

close before → close after

Q1 FY27
+1.0%
10 Aug
Q4 FY26
+1.6%
26 May
Q3 FY26
+1.3%
5 Feb
Q2 FY26
+0.2%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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