Latest news with #VenusPipes&Tubes
Mint
14-07-2025
- Business
- Mint
Stock to buy: Anand Rathi predicts THIS multibagger small-cap stock to rise 15% in 1 month. Here's why
Stock to buy: Indian brokerage firm, Anand Rathi Investment Services, disclosed its bullish stance and predicted a 15% upside for the Venus Pipes & Tubes shares in the upcoming one-month period. Anand Rathi's stock report highlighted that the shares of the iron and steel products maker have witnessed a clean breakout from a weekly inverse head-and-shoulder pattern, along with strong volume, indicating a shift in the trend sentiment. The brokerage firm also said the current RSI is placed near the 58 level, which is further supporting the bullish bias of the stock. 'The RSI on the weekly timeframe has reversed from the 50 level and is currently placed near 58, further supporting the bullish bias,' said the analysts at Anand Rathi in their stock report. 'This technical setup suggests a continuation of upward momentum,' they said. Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes, catering to sectors like chemicals, engineering, fertilisers, and pharmaceuticals, according to the company data. Venus Pipes & Tubes Ltd (VENUSPIPES): Buy in the range of ₹ 1,600 to ₹ 1,540; Target Price at ₹ 1,815; Stop Loss at ₹ 1,440. 'We recommend going long in the ₹ 1,600 to ₹ 1,540 range, with an upside target of ₹ 1,815. A stop-loss should be placed below ₹ 1,440 on a daily closing basis to protect against any adverse move,' recommended Jigar Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers in the report. Venus Pipes & Tubes shares closed 1.19% higher at ₹ 1,617.75 after Monday's stock market session, compared to ₹ 1,598.75 at the previous market session. The shares of the stainless steel pipes and tubes maker have given stock market investors more than 388% returns on their investments in the last five years. However, the shares are down 26.33% in the last one-year period. On a year-to-date (YTD) basis, the shares have gained 3.19% in 2025, and are trading 4.11% higher in the last five trading sessions on the Indian stock market. Venus Pipes & Tubes share hit their 52-week high level at ₹ 2,448 on 29 August 2024, while the 52-week low level at ₹ 968.80 on 1 April 2025, according to the data collected from the BSE. The company's market capitalisation (M-Cap) was at ₹ 3,294.89 crore as of the stock market close on Monday, 14 July 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
27-05-2025
- Business
- Business Standard
Venus Pipes & Tubes standalone net profit declines 5.31% in the March 2025 quarter
Sales rise 15.19% to Rs 258.14 crore Net profit of Venus Pipes & Tubes declined 5.31% to Rs 23.71 crore in the quarter ended March 2025 as against Rs 25.04 crore during the previous quarter ended March 2024. Sales rose 15.19% to Rs 258.14 crore in the quarter ended March 2025 as against Rs 224.10 crore during the previous quarter ended March 2024. For the full year,net profit rose 8.04% to Rs 92.89 crore in the year ended March 2025 as against Rs 85.98 crore during the previous year ended March 2024. Sales rose 19.49% to Rs 958.53 crore in the year ended March 2025 as against Rs 802.20 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 258.14224.10 15 958.53802.20 19 OPM % 16.1220.09 - 17.4918.24 - PBDT 37.2137.64 -1 143.90127.42 13 PBT 32.4233.81 -4 125.37115.65 8 NP 23.7125.04 -5 92.8985.98 8
Business Standard
26-05-2025
- Business
- Business Standard
Venus Pipes gains after Q4 PAT rises 32% QoQ to Rs 24 cr in FY25
Venus Pipes & Tubes rallied 3.93% to Rs 1,511.50 after the compay reported a 31.94% increase in net profit to Rs 23.71 crore in Q4 FY25, compared to Rs 17.97 crore recorded in Q3 FY25. However, revenue from operations rose 11.60% to Rs 258.14 crore in the March quarter, compared to Rs 231.30 crore posted in Q3 FY25. On a year-on-year basis, the company's consolidated net profit fell by 5.31% from Rs 25.04 crore in Q4 FY24, while total revenue from operations grew by 15.18% from Rs 258.14 crore in Q4 FY24. Profit before tax in Q4 FY25 stood at Rs 32.41 crore, down 4.14% from Rs 33.81 crore posted in Q4 FY24. EBITDA declined 7.55% YoY to Rs 41.6 crore in the fourth quarter of FY25. EBITDA margin reduced to 16.1% in Q4 FY25 as against 20.1% posted in Q4 FY24. On full year basis, the company's consolidated net profit rose 8.03% to Rs 92.89 crore on 19.48% increase in revenue to Rs 958.53 crore in FY25 over FY24. Arun Kothari, managing director for Venus Pipes & Tubes, said, "We are pleased to report a strong overall performance for FY25, with revenues reaching Rs. 958.5 crores a growth of 19.5% compared to the same period last year. EBITDA grew by 14.6% to Rs. 167.6 crores, while PAT increased by 8.1%, standing at Rs. 92.9 crores. This year marked a significant phase of capacity ramp-up and the introduction off new value-added product lines. We also focused on strengthening our leadership team by onboarding experienced talent at senior levels to reinforce our brand and support our expansion efforts. Despite global uncertainties in the latter part of the fiscal year, our exports grew more than threefold. We continue to deepen our presence in key international markets such as Europe, the United States, and the Middle East, and remain optimistic about sustaining this momentum into FY26. Our robust domestic presence continues to provide a natural hedge against global volatility. We enter FY26 with a strong order book, including a significant new contract from one of Indias leading integrated power plant equipment manufacturers. We have also operationalized our new capacity for value-added welded pipes. With the introduction of fittings products in the second half of the year, we will be among the few players offering a comprehensive range of piping solutions to our customers. Looking ahead, we remain focused on executing our growth strategy with agility and resilience. With a strong foundation in place, we are confident in delivering sustained value to all our stakeholders. Meanwhile, the companys board has recommended a final dividend of Rs 0.50 per equity share for the financial year 2024-25, subject to approval of the shareholders at the upcoming 11th Annual General Meeting of the company. The dividend will be paid within 30 days from the date of declaration of the final dividend by the shareholders at the 11th Annual General Meeting. Venus Pipes & Tubes manufactures and exports stainless-steel pipes and tubes, offering seamless and welded products in five categories. Their market extends to over 30 countries, including Brazil, the UK, Israel, and various European Union nations.
Business Standard
23-05-2025
- Business
- Business Standard
Venus Pipes & Tubes Limited, Commencement of Operations of 3,600 MTPA of value-added Welded Tubes
VMPL Dhaneti (Gujarat) [India], May 23: Venus Pipes & Tubes Ltd, one of the leading stainless-steel pipes and tubes manufacturers and exporters in India has commenced operations for value added Welded Tubes; with a capacity of 3,600 MTPA. With this expansion the total capacity of Welded Pipes & Tubes for the company stands at 27,600 MTPA. Commenting on the same, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, "We are happy to announce that the company has operationalized capacity for production of 3,600 MTPA of value-added Welded Tubes. This marks our entry into a high-margin product segment and represents a significant milestone in our journey towards becoming one stop piping solution provider. We are confident that this expansion will not only enhance our market presence but will also open doors for us to cater to companies which require critical applications. Furthermore, with the planned addition of fittings manufacturing capacity in coming months, we are set to become one of the few companies in the country offering a comprehensive and integrated range of piping solutions. This will significantly strengthen our value proposition and reinforce our commitment to delivering quality, innovation, and end-to-end service to our customers." About Venus Pipes & Tubes Ltd ( BSE: 543528; NSE: VENUSPIPES) Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless-steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories -seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless-steel LSAW pipes. The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to more than 30 countries including UK, US, Middle East and countries in the European Union, etc.
Business Standard
09-05-2025
- Business
- Business Standard
Venus Pipes bags LOI for supplying stainless steel tubes from major power plant equipment maker
Venus Pipes & Tubes said that it has received LOI from one of India's leading integrated power plant equipment manufacturers for supplying stainless steel seamless boiler tubes worth Rs 190 crore. These stainless steel seamless boiler tubes find application in a series of supercritical and subcritical thermal power projects. The company stated that the formal order will be released shortly. The project is expected to be executed progressively during next 12-15 months. Arun Kothari, managing director, Venus Pipes & Tubes, said: This order is a testament to our strong manufacturing capabilities and the long-standing relationships we have built with our customers over the years. It further reinforces our position as a key player in Indias stainless-steel manufacturing landscape and showcases the trust and confidence our customers have in us." Venus Pipes & Tubes manufactures and exports stainless-steel pipes and tubes, offering seamless and welded products in five categories. Their market extends to over 25 countries, including Brazil, the UK, Israel, and various European Union nations. The company had reported a 22.81% drop in net profit to Rs 17.97 crore in Q3 FY25, compared to Rs 23.28 crore recorded in Q3 FY24. However, revenue from operations advanced 11.67% to Rs 231.30 crore in the December quarter, compared with Rs 207.13 crore posted in Q3 FY24. The scrip fell 1.23% to currently trade at Rs 1167.90 on the BSE.
