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Earnings Call

Venus Pipes & Tubes Earnings Call: Key Takeaways

Venus Pipes delivered record FY26 performance with ₹1,166.8 Cr revenue and 16.3% EBITDA margin. Strategy shifts toward high-value 'Engineered Piping Solutions' via forward integration into pipe spooling.

Highlights
Revenue growth21.7% YoY for FY26; 17.1% YoY for Q4FY26.
MarginsSteady EBITDA margins at 16.3% for FY26.
Order book₹450 Crores; execution visibility 5-6 months.
Demand visibilityStrong; order book increased ~2.5x to ₹450 Cr.
Management confidenceHigh; citing best-ever annual performance and stabilized expanded capacities.

Growth

FY26 Revenue grew 21.7% YoY to ₹1,166.8 Cr; PAT increased 9.7% YoY to ₹101.9 Cr.

Outlook

₹70 Cr capex for spooling facility backed by ₹185 Cr LOI; major capacity expansions now fully operational.

Risks

Volatility in raw material prices and geopolitical/energy-related uncertainties mentioned as headwinds.

Source

Earnings Call filed with NSE, NSE: VENUSPIPES. Summary written with AI assistance from the document.

Read the document ↗

Venus Pipes & Tubes Ltd: key numbers

Share price
₹2,163.20
Market cap
₹4,481 Cr
Revenue (annual)
₹1,167 Cr
Net profit (annual)
₹102.0 Cr
P/E (TTM)
43.2×Sector 19.0×
Promoter holding
48.41%+0.00% QoQ
FII holding
2.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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22:06 IST NSE
Annual General Meeting

Venus Pipes & Tubes Annual General Meeting

Venus Pipes has called an EGM on October 08, 2026, to seek shareholder approval for a preferential issue of equity shares worth Rs. 372 Crore.

Value
₹372.0 Cr
17:58 IST NSE
Capital Structure Change

Venus Pipes & Tubes Capital Structure Change

Venus Pipes & Tubes approved a preferential issue of 22.28 lakh equity shares at Rs. 1,670 each, raising Rs. 372 Crore to fund company growth.

Value
₹372.0 Cr
19:55 IST BSE
Management Change

Venus Pipes & Tubes Management Change

Venus Pipes & Tubes shareholders approved the re-appointment of multiple Directors at the 12th Annual General Meeting. These board changes are effective from September 2026.

21:18 IST BSE
Annual General Meeting

Venus Pipes & Tubes Annual General Meeting

Venus Pipes & Tubes held its 12th AGM on September 11, 2026. The meeting covered adoption of financial statements, dividend declaration, and appointment of directors.

21:48 IST BSE
Board Meeting Date

Venus Pipes & Tubes Board Meeting Date

Venus Pipes & Tubes Ltd announced a Board Meeting on September 16, 2026, to consider fund-raising proposals, including preferential issue and private placement.