| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | 16% YoY growth recorded; 20% growth guided for FY27. |
|---|---|
| Margins | EBITDA margin 16.1%; targeting 18% in next 2 years. |
| Order book | ₹600 Cr order book; additional ₹185 Cr LOI for spooling. |
| Demand visibility | Strong; order book at ₹600+ Cr excluding ₹185 Cr LOI. |
| Management confidence | High, citing record performance and strong demand in data centers. |
Growth
Revenue grew 16% YoY; Domestic revenue surged 31% while exports declined due to geopolitical tensions.
Outlook
Management targets 18-19% EBITDA margins by FY28. Significant growth expected from data center cooling projects and spooling.
Risks
Geopolitical uncertainty and container availability impacting export timelines; volatility in raw material steel prices.
Last quarter's promises, checked
Delivered
- Seamless capacity expansion to 20,400 MTPA → Delivered (fully commissioned)
- Backward integration for mother hollow pipes → Delivered (100% integrated)
- Revenue growth for FY26 → Delivered 22% (vs 20%+ target)
Partly delivered
- EBITDA margin target → Delivered 16.3% (Partial; on track for 17-18% FY28 goal)
- BHEL order execution → Delivered <60% (Partial; ongoing)
Missed
- Export sales for Q4 → Delivered ₹87.8 Cr (vs ₹112.5 Cr YoY = MISS)
- PAT growth for Q4 → Delivered 7% (vs 17% revenue growth = MISS)
Earnings Call Transcript filed with BSE, NSE: VENUSPIPES. Summary written with AI assistance from 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.
More from Venus Pipes & Tubes Ltd
All →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
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
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.
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.
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.
Venus Pipes & Tubes Investor Presentation: Key Takeaways
Venus reported record Q1FY27 revenue of ₹320.5 Cr (+16% YoY) with 16.1% EBITDA margins. Strategy focuses on forward integration into high-margin pipe spooling backed by a ₹185 Cr order.