Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Venus Pipes & Tubes Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 176 | 180 | 191 | 207 | 224 | 240 | 229 | 231 | 258 | 276 | 292 | 297 | 302 |
| Expenses + | 155 | 152 | 157 | 168 | 179 | 192 | 188 | 194 | 217 | 232 | 244 | 248 | 253 |
| Operating Profit | 22 | 28 | 35 | 39 | 45 | 48 | 41 | 37 | 42 | 45 | 48 | 49 | 49 |
| OPM % | 12% | 15% | 18% | 19% | 20% | 20% | 18% | 16% | 16% | 16% | 16% | 16% | 16% |
| Other Income + | 1 | 1 | 0 | 2 | 0 | 1 | 4 | 1 | 5 | 4 | 3 | 2 | 2 |
| Interest | 3 | 3 | 5 | 6 | 8 | 8 | 8 | 9 | 9 | 10 | 10 | 10 | 10 |
| Depreciation | 1 | 1 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 6 | 6 |
| Profit before tax | 19 | 23 | 27 | 31 | 34 | 37 | 32 | 24 | 32 | 34 | 34 | 34 | 35 |
| Tax % | 27% | 26% | 26% | 25% | 26% | 25% | 26% | 26% | 27% | 27% | 24% | 25% | 27% |
| Net Profit + | 13 | 17 | 20 | 23 | 25 | 28 | 24 | 18 | 24 | 25 | 26 | 26 | 26 |
| EPS in Rs | 6.62 | 8.58 | 9.98 | 11.47 | 12.34 | 13.58 | 11.62 | 8.82 | 11.60 | 12.08 | 12.67 | 12.36 | 12.31 |
Financials of Venus Pipes & Tubes Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 119 | 178 | 309 | 387 | 552 | 802 | 959 | 1,167 |
| Expenses + | 110 | 166 | 275 | 338 | 483 | 656 | 791 | 976 |
| Operating Profit | 8 | 12 | 35 | 49 | 69 | 146 | 168 | 191 |
| OPM % | 7% | 7% | 11% | 13% | 13% | 18% | 17% | 16% |
| Other Income + | 2 | 2 | 3 | 2 | 2 | 3 | 11 | 11 |
| Interest | 3 | 5 | 6 | 7 | 10 | 22 | 34 | 41 |
| Depreciation | 2 | 2 | 1 | 1 | 2 | 12 | 19 | 24 |
| Profit before tax | 5 | 6 | 31 | 43 | 60 | 116 | 125 | 137 |
| Tax % | 24% | 36% | 24% | 26% | 26% | 26% | 26% | 26% |
| Net Profit + | 4 | 4 | 24 | 32 | 44 | 86 | 93 | 102 |
| EPS in Rs | 4.29 | 4.73 | 27.06 | 20.81 | 21.78 | 42.36 | 45.47 | 49.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 1% | 2% | 0% |
Financials of Venus Pipes & Tubes Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 15 | 20 | 20 | 20 | 21 |
| Reserves | 3 | 8 | 31 | 113 | 302 | 386 | 511 | 648 |
| Borrowings + | 29 | 43 | 38 | 64 | 90 | 149 | 192 | 197 |
| Other Liabilities + | 38 | 48 | 60 | 55 | 95 | 202 | 285 | 435 |
| Total Liabilities | 79 | 107 | 138 | 248 | 507 | 758 | 1,008 | 1,300 |
| Fixed Assets + | 10 | 12 | 20 | 21 | 60 | 282 | 310 | 399 |
| CWIP | 0 | 3 | 0 | 7 | 122 | 12 | 67 | 124 |
| Investments | 0 | 0 | 0 | 1 | 3 | 3 | 3 | 1 |
| Other Assets + | 69 | 92 | 118 | 218 | 323 | 461 | 629 | 776 |
| Total Assets | 79 | 107 | 138 | 248 | 507 | 758 | 1,008 | 1,300 |
Financials of Venus Pipes & Tubes Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -7 | 2 | 11 | -60 | 9 | 52 | 69 | 112 |
| Cash from Investing Activity + | -1 | -12 | -2 | -23 | -167 | -100 | -114 | -203 |
| Cash from Financing Activity + | 8 | 10 | -9 | 83 | 169 | 38 | 47 | 94 |
| Net Cash Flow | -0 | 0 | -0 | -0 | 11 | -10 | 2 | 3 |
| Free Cash Flow | -9 | -5 | 6 | -81 | -153 | -55 | -40 | -76 |
| CFO/OP | -65% | 30% | 35% | -99% | 40% | 49% | 52% | 76% |
Financials of Venus Pipes & Tubes Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 63 | 53 | 69 | 47 | 81 | 73 | 81 |
| Inventory Days | 130 | 103 | 62 | 108 | 137 | 143 | 196 | 183 |
| Days Payable | 117 | 96 | 59 | 45 | 61 | 110 | 137 | 141 |
| Cash Conversion Cycle | 80 | 70 | 56 | 133 | 123 | 114 | 132 | 124 |
| Working Capital Days | 46 | 28 | 40 | 99 | 75 | 62 | 62 | 60 |
| ROCE % | 22% | 53% | 37% | 23% | 28% | 25% | 22% |