Venus Pipes & Tubes cash flow

Latest FY26

Cash from operations: ₹112cr+63.7% on FY25
Capital spending: ₹189cr+74.1% on FY25
Free cash flow: −₹76.2cr−₹39.7 cr in FY25
Cash from financing: ₹93.7cr+97.5% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	23.6	18.5	11.8	2.0
	—	34.6	28.1	18.7	8.2
	—	0.0	−1.6	−0.6	−2.0
	—	0.0	0.0	−0.2	0.0
	—	1.5	−0.8	0.0	0.0
	—	−0.1	−0.2	0.0	0.0
	—	−44.1	−117	−59.0	−73.5
	—	−68.1	−14.7	−107	3.0
	—	0.1	0.0	−0.4	−0.0
	—	0.4	0.9	−0.8	−1.5
	—	4.5	−19.5	−4.8	−3.5
	—	56.5	66.4	99.7	34.6
	—	0.0	0.0	0.0	−0.3
	—	−0.2	0.5	−1.4	0.6
	—	0.1	0.6	0.4	0.2
	—	0.9	0.4	0.1	0.1
Cash from operating activities
	139	137	125	116	59.7
	—	9.7	−38.4	−43.3	−32.1
	—	147	87.0	72.3	27.6
	—	−1.4	0.0	0.0	0.0
	—	33.1	18.3	20.1	18.7
	—	112	68.7	52.2	8.9
Cash from investing activities
	—	189	108	107	162
	—	0.0	0.0	0.0	1.5
	—	2.7	0.0	0.0	0.0
	—	1.1	1.5	0.3	2.0
	—	−17.9	−7.3	7.4	−16.1
	—	−203	−114	−99.7	−178
Cash from financing activities
	—	0.0	35.1	0.0	150
	—	36.3	0.0	0.0	0.0
	—	94.0	47.9	58.9	26.8
	—	0.0	5.7	0.0	0.0
	—	34.6	27.8	19.1	7.9
	—	2.1	2.0	2.0	0.0
	—	93.7	47.4	37.8	169
	—	3.2	1.9	−9.7	0.8
	—	3.2	1.9	−9.7	0.8
	—	—	—	1.0	0.8
Reference items
	197	191	168	146	69.1
	16.3%	16.3%	17.5%	18.2%	12.5%
	−76.2	−76.2	−39.7	−55.2	−153
	—	−16.9	−25.3	−15.4	—
	−₹36.81	−₹36.81	−₹19.18	−₹26.65	−₹73.85
	—	1.10×	0.55×	0.61×	0.20×
	—	33.1	18.3	20.1	18.7
	—	34.6	27.8	19.1	7.9

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

VENUSPIPES₹1,702.00

Venus Pipes & Tubes Limited

· Capital Goods & Defence

₹ CrorePeersVSSL JTLIND SAMBHV KSL KIRLOSIND GOODLUCK BANSALWIRE RATNAVEERMcap ₹3,526 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	2.0	11.8	18.5	23.6	—
+ Finance Costs	8.2	18.7	28.1	34.6	—
+ Interest Income	-2.0	-0.6	-1.6	0.0	—
+ Fair Value (Gains) / Losses	0.0	-0.2	0.0	0.0	—
+ Unrealised FX (Gain) / Loss	0.0	0.0	-0.8	1.5	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-0.2	-0.1	—
Changes in Working Capital
+ Inventories	-73.5	-59.0	-116.8	-44.1	—
+ Trade Receivables — Current	3.0	-106.8	-14.7	-68.1	—
+ Other Financial Assets — Current	-0.0	-0.4	0.0	0.1	—
+ Other Financial Assets — Non-current	-1.5	-0.8	0.9	0.4	—
+ Other Current Assets	-3.5	-4.8	-19.5	4.5	—
+ Trade Payables — Current	34.6	99.7	66.4	56.5	—
+ Other Financial Liabilities — Non-current	-0.3	0.0	0.0	0.0	—
+ Other Current Liabilities	0.6	-1.4	0.5	-0.2	—
+ Other Non-current Liabilities	0.2	0.4	0.6	0.1	—
+ Provisions — Current	0.1	0.1	0.4	0.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	59.7	115.6	125.4	137.3	139.3
+ Total Adjustments (incl. Working Capital)	-32.1	-43.3	-38.4	9.7	—
Cash from Operations (pre-tax)	27.6	72.3	87.0	147.0	—
+ Interest Received — Operating	0.0	0.0	0.0	-1.4	—
+ Income Taxes Paid	18.7	20.1	18.3	33.1	—
Cash from Operating Activities	8.9	52.2	68.7	112.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	161.9	107.4	108.4	188.7	—
+ Acq of Investment Property	1.5	0.0	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	0.0	2.7	—
+ Interest Received — Investing	2.0	0.3	1.5	1.1	—
+ Other Inflows / (Outflows) — Investing	-16.1	7.4	-7.3	-17.9	—
Cash from Investing Activities	-177.5	-99.7	-114.2	-202.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	150.5	0.0	35.1	0.0	—
+ Proceeds from Other Equity Instruments	0.0	0.0	0.0	36.3	—
+ Proceeds from Borrowings	26.8	58.9	47.9	94.0	—
+ Repayment of Borrowings	0.0	0.0	5.7	0.0	—
+ Interest Paid	7.9	19.1	27.8	34.6	—
+ Dividends Paid	0.0	2.0	2.0	2.1	—
Cash from Financing Activities	169.4	37.8	47.4	93.7	—
Net Changes in Cash (pre-FX)	0.8	-9.7	1.9	3.2	—
Net Changes in Cash	0.8	-9.7	1.9	3.2	—
Closing Cash	0.8	1.0	—	—	—
Reference Items
EBITDA	69.1	146.3	167.6	190.6	197.3
EBITDA Margin %	12.51	18.24	17.49	16.33	16.29
Free Cash Flow (CFO − Capex)	-153.0	-55.2	-39.7	-76.2	-76.2
Free Cash Flow to Equity	—	-15.4	-25.3	-16.9	—
Free Cash Flow per Basic Share	-73.85	-26.65	-19.18	-36.81	-36.81
Cash Flow to Net Income	0.20	0.61	0.55	1.10	—
Cash Paid for Taxes	18.7	20.1	18.3	33.1	—
Cash Paid for Interest	7.9	19.1	27.8	34.6	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.