| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 321 | 276 | +16.0% |
| EBITDA | 51.5 | 44.8 | +15.0% |
| EBITDA margin | 16.1% | 16.2% | −0.1 pts |
| Profit before tax | 35.7 | 33.7 | +5.9% |
| Net profit | 26.4 | 24.8 | +6.6% |
| EPS | ₹12.75 | ₹12.12 | +5.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,787 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 7.0 | 7.0 | 6.3 | 4.2 | 13.7 | ||
| 286 | 286 | 192 | 149 | 90.5 | ||
| 4,065 | — | — | — | — | ||
| 1,211 | 1,167 | 959 | 802 | 552 | ||
| — | +21.7% | +19.5% | +45.2% | — | ||
| 197 | 191 | 168 | 146 | 69.1 | ||
| 16.3% | 16.3% | 17.5% | 18.2% | 12.5% | ||
| 172 | 167 | 149 | 135 | 67.1 | ||
| 104 | 102 | 125 | 86.0 | 44.2 | ||
| 8.6% | 8.7% | 13.1% | 10.7% | 8.0% | ||
| ₹50.01 | ₹49.22 | ₹60.52 | ₹41.50 | ₹21.34 | ||
| — | −18.7% | +45.8% | +94.5% | — | ||
| — | 112 | 68.7 | 52.2 | 8.9 | ||
| — | −189 | −108 | −107 | −162 | ||
| −76.2 | −76.2 | −39.7 | −55.2 | −153 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,786.9 | |
| - Cash, Equiv & ST Investments | 13.7 | 4.2 | 6.3 | 7.0 | 7.0 | |
| + Total Debt | 90.5 | 149.3 | 191.5 | 285.5 | 285.5 | |
| Enterprise Value | — | — | — | — | 4,065.4 | |
| Revenue | 552.4 | 802.2 | 958.5 | 1,166.8 | 1,211.0 | |
| Growth %, YoY | — | +45.2 | +19.5 | +21.7 | — | |
| EBITDA | 69.1 | 146.3 | 167.6 | 190.6 | 197.3 | |
| Margin % | 12.51 | 18.24 | 17.49 | 16.33 | 16.29 | |
| EBIT | 67.1 | 134.5 | 149.1 | 167.0 | 171.7 | |
| Net Income | 44.2 | 86.0 | 125.4 | 102.0 | 103.6 | |
| Margin % | 8.00 | 10.72 | 13.08 | 8.74 | 8.56 | |
| EPS, Adj (current shares) | 21.34 | 41.50 | 60.52 | 49.22 | 50.01 | |
| Growth %, YoY | — | +94.5 | +45.8 | -18.7 | — | |
| Cash from Operations | 8.9 | 52.2 | 68.7 | 112.4 | — | |
| Capital Expenditures | -161.9 | -107.4 | -108.4 | -188.7 | — | |
| Free Cash Flow | -153.0 | -55.2 | -39.7 | -76.2 | -76.2 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Venus Pipes & Tubes (NSE: VENUSPIPES) had a market capitalisation of ₹3,744 crore at the 30 October 2026 close (₹1,807.40 a share), a PE ratio of 36.1 on the last four quarters' profit and a price-to-book ratio of 5.60. In FY26 its consolidated net profit was ₹102 crore on revenue of ₹1,167 crore; in Q1 FY27 (April–June 2026) it was ₹26.4 crore, up 6.6% year on year. Its debt-to-equity ratio was 0.43 on 31 March 2026. Promoters held 48.41% of the shares on 30 September 2026.
Venus Pipes & Tubes' PE ratio is 36.1 at the 30 October 2026 close (₹1,807.40 a share): a market capitalisation of ₹3,744 crore divided by consolidated net profit of ₹104 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹102 crore) it is 36.7.
Venus Pipes & Tubes' price-to-book (PB) ratio is 5.60 at the 30 October 2026 close: a market capitalisation of ₹3,744 crore divided by shareholders' equity (book value) of ₹668 crore on 31 March 2026. That is a book value of ₹322.69 per share against a share price of ₹1,807.40.
Venus Pipes & Tubes' book value per share was ₹322.69 on 31 March 2026: shareholders' equity of ₹668 crore divided by the 2.07 crore shares in issue, up 24.0% from ₹260.13 a year earlier. The share price at the 30 October 2026 close was ₹1,807.40.
Venus Pipes & Tubes' market capitalisation was ₹3,744 crore at the 30 October 2026 close: 2.07 crore shares at ₹1,807.40 each.
Venus Pipes & Tubes' basic earnings per share (EPS) were ₹49.51 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹50.33.
In 2026, Venus Pipes & Tubes has declared one dividend: ₹0.50 with record date 4 September 2026.
No. Venus Pipes & Tubes had borrowings of ₹286 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.43. Its cash and current investments were ₹29.7 crore, so its net debt was ₹256 crore.
Venus Pipes & Tubes' debt-to-equity ratio was 0.43 on 31 March 2026: borrowings of ₹286 crore against total equity of ₹668 crore. A year earlier, on 31 March 2025, it was 0.36.
Venus Pipes & Tubes' net worth — shareholders' equity in its consolidated balance sheet — was ₹668 crore on 31 March 2026, up 25.8% from ₹531 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,744 crore at the 30 October 2026 close.
In FY26, Venus Pipes & Tubes' return on equity (ROE) was 17.0% and its return on capital employed (ROCE) was 24.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 26.7% and ROCE 29.2%.
Venus Pipes & Tubes' dividend yield is 0.06% at the 30 October 2026 close: dividends of ₹1 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,807.40. They were ₹0.50 on 4 September 2026 and ₹0.50 on 18 November 2025 (interim).
On 30 September 2026, Venus Pipes & Tubes' shares were held by promoters 48.41%, foreign portfolio investors (FII/FPI) 3.88%, domestic institutions (DII) 17.19% (including mutual funds at 6.07%) and retail and other non-institutional investors 30.52%. Over the year, FII holding was down 0.37 percentage points from 4.25% and DII holding was up 2.05 percentage points from 15.14%.
Promoters held 48.41% of Venus Pipes & Tubes on 30 September 2026, unchanged from the previous quarter and down 0.03 percentage points from 48.44% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Venus Pipes & Tubes generated ₹112 crore of cash from operations and spent ₹189 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹76.2 crore. In FY25 it was −₹39.7 crore.
Venus Pipes & Tubes' latest results are for Q1 FY27 (April–June 2026), filed on 10 August 2026: consolidated net profit ₹26.4 crore, up 6.6% from ₹24.8 crore in Q1 FY26; revenue from operations ₹321 crore, up 16.0% year on year.
In FY26 (April 2025–March 2026), Venus Pipes & Tubes' consolidated net profit was ₹102 crore, down 18.7% from ₹125 crore in FY25, on revenue from operations of ₹1,167 crore (up 21.7%). Over three years, from FY23, net profit was up 130.6%.
Venus Pipes & Tubes will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
At the 30 October 2026 closing prices, on FY26 net profit, Venus Pipes & Tubes' PE ratio is 36.7, the highest of the three: JTL INDUSTRIES 30.5 and Sambhv Steel Tubes 31.6, a peer average of 31.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against JTL INDUSTRIES and Sambhv Steel Tubes: Venus Pipes & Tubes' operating margin of 14.3% is the highest of the three (JTL INDUSTRIES 6.3%, Sambhv Steel Tubes 9.4%; peer average 7.9%); its return on equity of 17.0% is the second highest of the three (JTL INDUSTRIES 7.3%, Sambhv Steel Tubes 18.4%; peer average 12.8%).
In FY26, Venus Pipes & Tubes earned net profit of ₹102 crore on revenue of ₹1,167 crore, against ₹98.5 crore on ₹2,136 crore for JTL INDUSTRIES. Venus Pipes & Tubes' operating margin was 14.3% (JTL INDUSTRIES 6.3%) and its return on equity 17.0% (JTL INDUSTRIES 7.3%). At the 30 October 2026 close, Venus Pipes & Tubes' market capitalisation was ₹3,744 crore against ₹2,999 crore for JTL INDUSTRIES, and its PE ratio on FY26 profit 36.7 against 30.5.
From Venus Pipes & Tubes' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.