Venus Pipes Share Price Target 2023, 2024, 2025, 2026, 2028, 2030, 2040 and 2050

Today we will talk about Venus Pipes Share Price Target, a company which gives consistent profits and good returns. The target price of the company has been forecast for 2023 to 2050. Along with this, we will also discuss in detail the company’s Fundamental, Shareholding Pattern, Strengths, risks and important news as well as Price History. It is very important to know all these figures of the company before investing.

What is Venus Pipes?

Venus Pipes & Tubes is an Indian company which has been working in this field for 15 years. It manufactures stainless steel pipes and tubes and exports them to more than 25 countries. Using its experience, the company has also ventured into manufacturing stainless steel tubular products.

Venus Pipes manufactures the finest quality products for its customers with fifteen production lines, which include Pilger, Tube-Mill with Plasma Welder, Draw Bench, Annealing Furnace and many other supporting machinery. The company uses the latest and most efficient methods in manufacturing these products to ensure that their products are of high quality.

The company has set a benchmark in manufacturing to meet the international standards and testing is done in its in-house quality control lab to ensure that the company’s products are safe and durable.

Venus Pipes Fundamentals

Since its inception in December 2015, Venus Pipes & Tubes has rapidly carved a niche for itself in the iron & steel sector. At present the market cap of the company is Rs 4,259 crore. At present the company has reserves of Rs 385.80 crore, apart from this the long term and short term borrowings of the company are Rs 33.96 crore and Rs 115.37 crore respectively, which is continuously increasing year after year.

The company’s return on equity (ROE) and return on capital (ROCE) are 21.17% and 30.70% respectively, indicating the company’s efficient use of capital and strong profitability. At the same time, the company’s revenue has also seen tremendous growth (45.16% last year) year after year.

The company’s stock has made a big jump in the last one year, with this it has reached the highest price of ₹ 2275 in 52 weeks. Talking about P/E ratio, the company is trading with P/E ratio of 48.47 which further indicates the extraordinary growth of the company.

Company Name	Venus Pipes and Tubes Ltd.
Sector	Iron & Steel
Established	December 2015
Website	venuspipes.com
Listing At	NSE, BSE
BSE Code	543528
NSE Code	VENUSPIPES
Mkt Cap	₹4,167 Cr
Reserves and Surplus	385.80Cr
ROE	21.17%
ROCE	30.70%
52 Week High	₹2,275
52 Week Low	₹1,140.95
P/E Ratio (TTM)	48.47
P/B Ratio	10.26
Face Value	10
Book Value Per Share	200.09
EPS (TTM)	42.36
Dividend Yield	0.02%
Debt to Equity	0.37
Net Sales	805.38
Sales Growth	45.16%
Net Profit (Anual)	85.98Cr
Profit Growth	94.48%

Venus Pipes Listing Date

Venus Pipes was successfully listed on the Indian Stock Exchanges NSE and BSE on 24 May 2022. At the time of listing, the per share price of the company was Rs 341.

Venus Pipes Share Price History

Since its listing in the Indian market at Rs 341 in 2022, the company has been continuously growing. The company is currently trading at Rs 2230. In just two years, the company has registered a growth of about 553.95%.

Venus Pipes stock has grown 80.38% in last one year, 50.56% in last 6 months, 13.65% in last quarter, -2.26% in last one month and 1.90% in last week.

Venus Pipes Share Price Growth Chart

The life time share chart of the company shows that the company has been continuously growing by a huge margin since its listing.

Venus Pipes Profit/Loss – Last 3 Years Report

Venus Pipes Income Report

INCOME (Cr.)	MAR 24	MAR 23	MAR 22
	12 mths	12 mths	12 mths
Revenue From Operations [Gross]	802.20	552.40	386.95
Less: Excise/Sevice Tax/Other Levies	0.00	0.00	0.00
Revenue From Operations [Net]	802.20	552.40	386.95
Total Operating Revenues	802.20	552.40	386.95
Other Income	3.18	2.40	2.12
Total Revenue	805.38	554.79	389.08

Venus Pipes Expenses

Expenses	MAR 24	MAR 23	MAR 22
	12 mths	12 mths	12 mths
Cost Of Materials Consumed	632.19	466.20	356.26
Purchase Of Stock-In Trade	0.00	0.00	6.46
Operating And Direct Expenses	0.00	0.00	0.00
Changes In Inventories Of FG,WIP And Stock-In Trade	-56.90	-21.61	-47.67
Employee Benefit Expenses	22.37	10.18	6.25
Finance Costs	22.08	9.84	7.06
Depreciation And Amortisation Expenses	11.77	1.97	1.43
Other Expenses	58.22	28.53	16.42
Total Expenses	689.73	495.11	346.20

Venus Pipes Profit/Loss

The total revenue of the company has been continuously increasing for the last 3 years. The total revenue of the company in March 2022, 2023 and 2024 was Rs 389.08, 554.79 and 805.38 crore respectively. At the same time, the expenses of the company have also increased which was Rs 689.73 crore last year. The company had earned a profit of Rs 31.67 crore in March 2022, Rs 44.21 crore in March 2023 and the highest profit of Rs 85.98 crore in March 2024.

Profit/Loss	MAR 24	MAR 23	MAR 22
	12 mths	12 mths	12 mths
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax	115.64	59.69	42.88
Profit/Loss Before Tax	115.64	59.69	42.88
Profit/Loss After Tax And Before ExtraOrdinary Items	85.98	44.21	31.67
Profit/Loss From Continuing Operations	85.98	44.21	31.67
Profit/Loss For The Period	85.98	44.21	31.67

Other Additional Information

EARNINGS PER SHARE	MAR 24	MAR 23	MAR 22
	12 mths	12 mths	12 mths
Basic EPS (Rs.)	42.36	22.60	22.55
Diluted EPS (Rs.)	42.36	22.60	22.55
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend	0.00	1.02	0.00
Equity Dividend Rate (%)	10.00	10.00	0.00

Venus Pipes Balance Sheet – Last 3 Years Report:

Equities And Liabilities

Equities And Liabilities	MAR 24	MAR 23	MAR 22
	12 mths	12 mths	12 mths
SHAREHOLDER’S FUNDS
Equity Share Capital	20.30	20.30	15.22
Total Share Capital	20.30	20.30	15.22
Reserves and Surplus	385.80	301.91	113.31
Total Reserves and Surplus	385.80	301.91	113.31
Total Shareholders Funds	406.09	322.20	128.53
NON-CURRENT LIABILITIES
Long Term Borrowings	33.96	24.69	14.26
Deferred Tax Liabilities [Net]	7.45	1.47	0.73
Other Long Term Liabilities	0.00	0.00	0.23
Long Term Provisions	1.07	0.58	0.34
Total Non-Current Liabilities	42.48	26.74	15.56
CURRENT LIABILITIES
Short Term Borrowings	115.37	65.77	54.39
Trade Payables	173.83	74.11	33.46
Other Current Liabilities	19.76	18.59	15.94
Short Term Provisions	0.06	0.03	0.01
Total Current Liabilities	309.02	158.50	103.79
TOTAL CAPITAL AND LIABILITIES	757.59	507.44	247.89

Assets

ASSETS	MAR 24	MAR 23	MAR 22
	12 mths	12 mths	12 mths
NON-CURRENT ASSETS
Tangible Assets	293.95	59.75	21.26
Intangible Assets	0.00	0.11	0.11
Capital Work-In-Progress	0.00	121.59	7.35
Other Assets	0.00	0.00	0.00
FIXED ASSETS	293.95	181.45	28.72
Non-Current Investments	0.00	0.00	0.00
Deferred Tax Assets [Net]	0.00	0.00	0.00
Long Term Loans And Advances	0.00	0.00	0.00
Other Non-Current Assets	8.27	2.07	1.68
Total Non-Current Assets	302.21	183.52	30.40
CURRENT ASSETS
Current Investments	3.12	2.89	1.39
Inventories	225.94	166.94	93.46
Trade Receivables	177.14	70.49	73.52
Cash And Cash Equivalents	7.64	25.98	7.35
Short Term Loans And Advances	0.00	0.00	0.00
OtherCurrentAssets	41.54	57.62	41.79
Total Current Assets	455.37	323.92	217.50
TOTAL ASSETS	757.59	507.44	247.89

Other Additional Information

OTHER ADDITIONAL INFORMATION	MAR 24	MAR 23	MAR 22
	12 mths	12 mths	12 mths
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities	0.00	65.92	35.78
BONUS DETAILS
Bonus Equity Share Capital	—	4.37	4.37
CURRENT INVESTMENTS
Current Investments Quoted Market Value	—	2.89	1.39
Current Investments Unquoted Book Value	—	—	—
NON CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value	—	—	—
Non-Current Investments Unquoted Book Value	—	—	—

Venus Pipes Quarterly Report

	Mar 24	Dec 23	Sep 23	Jun 23
Sales +	224.24	209.13	191.84	180.17
Expenses +	190.44	177.97	164.59	156.74
EBITDA	45.17	41.04	35.16	28.13
EBIT	41.34	37.36	32.30	26.74
Net Profit	25.04	23.28	27.25	23.43
Profit Before Tax	33.81	31.17	27.25	23.43
Operating Profit Margin	20.15%	19.81%	18.37%	15.66%
Net Profit Margin	11.17%	11.24%	10.59%	9.69%
Earning Per Share	12.34	11.47	9.98	8.58
Depreciation	4	4	3	1
Dividends Per Share	0.00	0.00	0.00	0.00

Venus Pipes Share Price Target 2023, 2024, 2025, 2026, 2028, 2030, 2040 and 2050

Venus Pipes Share Price Target 2023

Month	Minimum Target (₹)	Maximum Target (₹)
January	720	730
February	725	734
March	725	742
April	745	860
May	880	1000
June	1080	1130
July	1160	1230
August	1250	1500
September	1300	1510
October	1290	1380
November	1320	1370
December	1320	1390

Venus Pipes Share Price Target 2024

Month	Minimum Target (₹)	Maximum Target (₹)
January	1420	1440
February	1470	1800
March	1840	1900
April	1890	2070
May	2090	2121
June	2160	2180
July	2165	2195
August	2190	2220
September	2200	2243
October	2210	2246
November	2225	2253
December	2233	2280

Venus Pipes Share Price Target 2025

Month	Minimum Target (₹)	Maximum Target (₹)
January	2240	2256
February	2243	2265
March	2255	2280
April	2265	2290
May	2280	2298
June	2295	2340
July	2335	2420
August	2350	2390
September	2380	2415
October	2390	2428
November	2410	2435
December	2430	2490

Venus Pipes Share Price Target 2026

Month	Minimum Target (₹)	Maximum Target (₹)
January	2435	2470
February	2455	2480
March	2464	2496
April	2482	2495
May	2490	2523
June	2520	2540
July	2538	2588
August	2550	2570
September	2558	2590
October	2580	2610
November	2600	2655
December	2640	2686

Also Read: Yatra Online shares will make you rich, 100% guarantee.

Venus Pipes Share Price Target 2028

Month	Minimum Target (₹)	Maximum Target (₹)
January	2844	2870
February	2852	2875
March	2864	2890
April	2873	2898
May	2890	2915
June	2910	2955
July	2932	2960
August	2955	2972
September	2970	2992
October	2990	3020
November	3015	3067
December	3060	3092

Venus Pipes share prediction: expert opinion

Venus Pipes Share Price Target 2030

Month	Minimum Target (₹)	Maximum Target (₹)
January	3320	3380
February	3335	3375
March	3342	3382
April	3373	3398
May	3395	3422
June	3400	3488
July	3454	3498
August	3465	3492
September	3490	3552
October	3502	3541
November	3519	3554
December	3532	3588

Venus Pipes Share Price Target 2040

Month	Minimum Target (₹)	Maximum Target (₹)
January	4122	4166
February	4132	4168
March	4141	4182
April	4152	4194
May	4190	4240
June	4232	4290
July	4255	4282
August	4280	4344
September	4322	4349
October	4345	4388
November	4380	4420
December	4415	4482

Venus Pipes Share Price Target 2050

Month	Minimum Target (₹)	Maximum Target (₹)
January	5520	5562
February	5560	5621
March	5610	5655
April	5650	5705
May	5668	5708
June	5680	5720
July	5703	5755
August	5720	5780
September	5725	5760
October	5755	5821
November	5780	5825
December	5803	5898

How to Buy Venus Pipes Share?

There are many brokers registered by SEBI to buy and sell shares of any company. You can open your demat account and start trading through any broker. The names of some popular brokers are mentioned below-

• Zerodha
• Groww
• Angel One
• Upstox

Venus Pipes Shareholding Pattern

Promoter	48.68%
Other Domestic Institutions	9.47%
Retail and Others	34.04%
Foreign Institutions	4.27%
Mutual Funds	3.55%
Total	100.00%

Latest News of Venus Pipes

1. Venus Pipes has launched a range of fitting products to manage liquids and gases in industrial applications and expand its piping system, positioning the company as a complete vendor of “Piping, Fittings and Flanges (PFF)” solutions.

2. The company is currently placing great emphasis on increasing its seamless and welded pipe and tube production capacity. To complete this plan, Venus Pipes has also approved capital expenditure of ₹175 crore. The company hopes to complete this work by 2025.

3. Venus Pipes and Tubes MD Arun Kothari said 40% of the capital expenditure of ₹175 crore will be issued through warrants, the remaining will be raised from debt and internal accruals.

Strengths

• Revenue Growth: The company’s revenue has seen significant growth between 2022 and 2024. The company’s revenue in March 2024 was ₹ 805.38.
• Profit growth: The company’s net profit has increased by 94.48% to ₹85.98 crore in March 2024. Which indicates strong financial position.
• High Return Ratio: High ROE (21.17%) and ROCE (30.70%) indicating efficient use of equity and capital.
• Debt-to-Equity Ratio: The company’s debt to equity ratio of 0.37 shows that the company is not heavily dependent on debt financing.
• Reserves and Surplus: Reserves and surplus of the company increased from ₹113.31 crore in March 2022 to ₹385.80 crore in March 2024 indicating strong financial stability of the company.
• Net Profit Margin: The net profit margin of the company has been continuously increasing for the last 4 quarters and it has increased to reach the quarterly net profit margin of 11.17% in March 2024.
• Moving Averages: The share price of the company is above the short, medium and long term moving averages which indicates bullishness in the share price. The longer the moving average of any company, the stronger the bullish signal in its market.
• Earnings Per Share: Earnings per share (EPS) indicates the profitability of any company. The company’s EPS is currently 42.36 which is positive for the company’s stock price.
• Profit Growth: The company has seen a huge improvement in its annual net profit and book value per share in the last 2 years which shows that the company is not only profitable but its net worth is also growing.
• Operating Margins Profit: Along with the increase in operating margins (YoY), the company has also increased the operating profit. It is similar to a profitability metric that reinforces investors’ positive view of the company.

Risks

• Shares Pledged by Promoters: There has been an increase in the shares pledged by the promoters of the company, leading to a decline in the net cash flow of the company, which can be risky from an investment point of view.
• Net Nash Flow: The net cash flow of the company is continuously decreasing due to which the company is not able to generate its net cash, this could be due to the increasing cost of material, labor or other expenses of the company which can affect the cash flow of the company.
• Competitive Field: There is a lot of competition in the stainless steel pipe and tube industry in the current Indian market. Due to which new entrants or established players may put pressure on the company’s margins.
• P/E Ratio: The P/E ratio of the company is 48.47, which indicates that the stock is overvalued.
• Dividend Yield: The company’s dividend (0.02%), is quite low.
• Sector Volatility: Doing business in the iron and steel sector often faces fluctuations in raw material prices and economic recession.
• P/B Ratio: A high P/B ratio indicates that the stock is trading well above its book value, which may be a concern for value investors.

Venus Pipes Points to Consider Before Investing

1. Recently anti-dumping duty has been imposed on Chinese imports due to which Venus Pipes may benefit as a domestic producer.

2. The success of the company’s expansion plans and integration will be helpful for the company’s growth in the future.

3. Investors should monitor how anti-dumping duties impact both import prices and domestic demand.

4. The company’s stock is trading well above its book value and is likely to be overvalued.

5. Investors should note its high valuation, low dividend yield and sector-specific risks.

Competitors of Venus Pipes

1. Man Industries India
2. Zenith Steel Pipes
3. Hi-Tech Pipes
4. Rama Steel Tubes
5. Oil Country Tubular
6. Hariom Pipe Industries
7. Vibhor Steel Tubes
8. Ratnamani Metals & Tubes

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Conclusion

The company has been performing strongly over the past several years, and maintains low debt levels. While the company has strong growth potential in the future, there are also some risks that will be important to consider. Carefully evaluate the company’s Strengths, Weaknesses, Opportunities, and Threats (SWOT analysis). Remember, it is important to do your own research and consult a financial advisor before making any investment decisions.

Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.