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Earnings Call

Venus Pipes & Tubes Earnings Call: Key Takeaways

Venus Pipes reported 22% FY26 revenue growth, reaching ₹1,167cr. Management is focused on expanding into high-margin spooling solutions for data centers and forward integration into fittings.

Why this was an Alfa AlertNot a filter event. Performance and guidance are consistent with steady growth targets, not a 10%+ beat over prior guidance.
Highlights
Revenue growthFY26 revenue up 22% YoY to ₹1,166.8cr.
MarginsTargeting 18% blended EBITDA margin by FY28.
Order book₹450cr pipe business + ₹185cr data center LOI.
Demand visibilityStrong domestic demand in power, oil & gas, and data centers.
Management confidenceHigh; entering high-potential data center spooling segment.

Growth

FY26 Revenue up 22% YoY; EBITDA up 14% to ₹190.6cr. Q4 Revenue grew 17% YoY.

Outlook

Guided 20%+ volume growth for FY27; targeting 17-18% EBITDA margins by FY28. ₹90-100cr capex planned for FY27.

Risks

Geopolitical tensions in Middle East impacting exports; prolonged elevated raw material prices may affect future margins.

Source

Earnings Call filed with BSE, 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.