VENUSPIPES share price, P/E, ROE & financials

As of 6 Nov 2026, Venus Pipes & Tubes trades at 34.3× trailing earnings, above the industry P/E of 19.9×, and the shares are 27% below their 52-week high. It earns ROCE of 22% and ROE of 16%, and sales and net profit grew 27% and 32% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.53× equity. It is a small-cap company with a market cap of ₹3,952 Cr, ranked 32nd of 150 Steel companies by market cap; the shares rose 43% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹1,713.50
Day high: ₹1,755.00
Day low: ₹1,658.10
Prev. close: ₹1,814.70
Volume: 5.1 L

Health check

3 good · 1 fair · 2 to check

ReturnsAhead
+42.9% over a year, better than 7 of 7 peers.
Price tagPricier
P/E 34.3 vs industry 19.9.
GrowthStrong
Sales +26.8%, profit +32.1% a year over 3 years.
ProfitabilityStrong
ROCE 22.4% vs peer median 18.7%.
Balance sheetFair
Debt 0.53× equity, interest covered 4.7×, Piotroski 5 of 9.
Red flags2 to check
P/E of 34.3 against an industry P/E of 19.9.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹3,952 Cr, #32 of 150 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,285 Cr · profit ₹104 Cr

Market cap: ₹3,952 Cr; Small cap
P/E: 34.3; Industry 19.9
Price to book: 4.95; Peers 2.28
Dividend yield: 0.06%
ROE: 15.6%; Peers 23.4%
ROCE: 22.4%; Peers 18.7%
Debt to equity: 0.53; Debt ₹384 Cr
EPS (TTM): ₹50.24; Face value ₹10
OPM (TTM): 16.3%; Net margin 8.1%
Sales growth: +16.0%; Latest quarter vs a year ago
Profit growth: +6.6%; Latest quarter vs a year ago
Price to sales: 3.08; EV/EBITDA 19.1

Strengths

Return on capital employed of 22.4%.
Quarterly sales up 16.0% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

P/E of 34.3 against an industry P/E of 19.9.
Promoter stake down from 48.4% to 43.7%.

Derived automatically from reported figures. Not a recommendation.

About Venus Pipes & Tubes

Venus Pipes and Tubes Limited manufactures and sells stainless-steel pipes and tubes worldwide. The company offers stainless steel high precision and heat exchanger tubes; hydraulic and instrumentation tubes; seamless pipes; welded pipes; condenser tubes; and LSAW pipes, as well as fittings, including elbows, nipples, reducers, tees, end cap, and other products. It serves chemical, engineering, fertilizers, pharmaceutical, power, food processing, paper,…

Headquarters: Gandhidham
Employees: 959
Sector: Basic Materials
ISIN: INE0JA001018
Website: venuspipes.com

Price range

52 weeks

₹890.00₹2,347.90

Today

₹1,658.10₹1,755.00

Avg volume (3M): 2.3 L
1-year return: plus 42.9%
From 52-week high: minus 26.6%

Analyst consensus

6 analysts

No consensusMean target ₹2,178.67 26.5%

Target range, with today’s price

Low ₹1,706.00High ₹3,000.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
VENUSPIPESVenus Pipes & Tubes	1,722.50	minus 5.08%	3,952	34.3	21.9	22.4%	16.3%	0.43	26.8%	plus 42.9%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
276	292	297	302	321
232	244	248	253	269
44.8	47.5	48.9	49.4	51.5
16.2%	16.3%	16.5%	16.3%	16.1%
3.9	3	2.6	2.1	2.7
9.8	10.1	10.5	10.5	11.3
5.2	6	6.1	6.3	7.2
–	–	−0.6	0.2	–
33.7	34.4	34.2	35	35.7
26.5%	24.2%	25.2%	27.1%	26.0%
24.8	26.1	25.6	25.5	26.4
12.08	12.70	12.43	12.36	12.75

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +26.8%
Profit CAGR 3Y: +32.1%
EPS CAGR 3Y: +29.9%
ROE: 15.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
546	785	919	1,115
–	+43.6%	+17.0%	+21.4%
477	638	749	921
69.3	146	169	193
12.7%	18.6%	18.4%	17.3%
0.6	1.6	5.7	5.5
8.2	20.5	31.2	37.5
2	11.8	18.5	23.6
–	–	–	−0.5
59.7	116	125	137
25.9%	25.7%	25.9%	25.8%
44.2	86	92.9	102
–	+94.5%	+8.0%	+9.8%
22.60	42.36	45.45	49.51

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
20.3	20.3	20.4	20.7
302	386	511	648
90.5	149	192	287
94.8	202	285	344
507	758	1,008	1,300
204	299	390	555
145	17.8	80.9	157
0.3	0	5.3	4.9
27	4.2	6.3	7
131	437	526	576
507	758	1,008	1,300

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
8.7	52.2	68.7	112
−167	−99.7	−114	−203
169	37.8	47.4	93.7
10.8	−9.7	1.9	3.2
−162	−107	−108	−189
−153	−55.2	−39.7	−76.2
−1	−2	−2	−2.1

Shareholding pattern

Source: NSE filings

43.7%

promoters

Promoters43.71%
Public56.29%
As of 27 Oct 2026

Quarter	Promoters	Public	Promoter change
27 Oct 2026	43.71%	56.29%	minus 4.70
30 Sep 2026	48.41%	51.59%	0.00
30 Jun 2026	48.41%	51.59%	0.00
31 Mar 2026	48.41%	51.59%	0.00
31 Dec 2025	48.41%	51.59%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you