Venus Pipes & Tubes Ltd. · NSE:VENUSPIPES
Venus Pipes & Tubes — FY2025 Earnings Presentation
37 slides from Venus Pipes & Tubes's earnings presentation, May 2025
Slide 1: Venus Pipes & Tubes Limited Investor Presentation
VENUS PIPES & TUBES LIMITED Investor Presentation May 2025
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Venus Pipes & Tubes Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Venus Pipes & Tubes Limited
Venus Pipes & Tubes Limited Vision Mission Core Values Making ourselves as first reference and preference To provide quality and flawless service for Working with the highest ethical standards in in stainless steel pipes and tubes manufacturer dealing with customer / supplier and distributors all as
Slide 4: Key Highlights
Committed on being a leading manufacturer and provider of high-quality Stainless-steel pipes and tubes for demanding and challenging applications Key Operational Highlights Key Financial Highlights for FY25 Key Highlights All time high revenues of Rs. 258.1 crores and Rs 958.5 crores for Q4 and FY25
Slide 5: Domestic Market Share Gain
Domestic market share gain in both segments driven by capacity expansion, wider geographical reach & strategic investment in key talent Domestic Market Share Gain Seamless Pipes Market Size (MTPA)* 1.6% 4.4% 3.2% 4.6% 8.0% • Volumes for Seamless pipes grew by ~8x over years resulting in market share
Slide 6: Geographical Expansion
Geographical Expansion Exports in More than 30+ Countries Contribution from Export Revenue (In Crs) Share of Exports % of total revenue 35.3% 338 12.3% 10.5% 4.8% 5.4% 99 3.4% 40 30 6 15 FY20 FY21 FY22 FY23 FY24 FY25 Increase in Capacity Value Added Products Strong Dealership Network Geographical Ex
Slide 7: Revenue Split across Segment – Q4 & FY25
Revenue Split across Segment – Q4 & FY25 Seamless (in ₹ Cr) Welded (in ₹ Cr) Others (in ₹ Cr) Total (in ₹ Cr) +18% +12% +124% +19% 543.4 349.4 65.7 958.5 313.2 459.7 802.2 +22% +1% +53% 29.3 +15% 151.5 89.2 89.9 16.7 224.1 258.1 124.0 10.9 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY2
Slide 8: Revenue Split across Geographies – Q4 & FY25
Revenue Split across Geographies – Q4 & FY25 Domestic (in ₹ Cr) Exports (in ₹ Cr) Total (in ₹ Cr) ✓ Domestic sales continue to be +243% impacted by subdued private -12% +19% and government sector capex. 703.5 338.1 958.5 However, with New Order wins 620.4 particularly in critical industries 802.2 in
Slide 9: Key Financial Highlights – Q4 & FY25
Key Financial Highlights – Q4 & FY25 Revenue (in ₹ Cr) EBITDA (in ₹ Cr) PAT (in ₹ Cr) +19% +15% +8% 958.5 167.6 92.9 85.9 802.2 146.3 +15% -8% -5% 224.1 258.1 45.0 41.6 25.0 23.7 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Gross Profit Margin EBITDA Margin PAT Margin 31.6
Slide 10: Profit & Loss Account
Profit & Loss Account Profit and Loss (in ₹ Cr) Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenue from Operations 258.1 224.1 15.2% 231.3 11.6% 958.5 802.2 19.5% Cost of Goods Sold 172.0 153.2 155.3 639.5 575.3 Gross Profit 86.1 70.9 21.4% 76.0 13.3% 319.0 226.9 40.6% Gross Profit Margins (%) 33.4%
Slide 11: Balance Sheet
Balance Sheet Assets (in ₹ Cr) Mar-25 Mar-24 Equity & Liabilities (in ₹ Cr) Mar-25 Mar-24 Non - Current Assets 395.7 302.2 Total Equity 531.4 406.1 Property Plant & Equipment 308.8 281.0 Share Capital 20.4 20.3 CWIP 66.5 12.1 Reserves & Surplus 511.0 385.8 Intangible assets 0.7 0.9 Non-Current Liabi
Slide 12: Cashflow Statement
Cashflow Statement Particulars (in ₹ Cr) Mar-25 Mar-24 Net Profit Before Tax 125.4 115.6 Adjustments for: Non - Cash Items / Other Investment or Financial Items 44.4 29.7 Operating profit before working capital changes 169.8 145.3 Changes in working capital -82.8 -73.0 Cash generated from Operations
Slide 13: Management Commentary
Management Commentary Commenting on the Q4 & FY25 performance of the company Mr. Arun Kothari, Managing Director for Venus Pipes & Tubes Limited Said, “We are pleased to report a strong overall performance for FY25, with revenues reaching Rs. 958.5 crores — a growth of 19.5% compared to the same per
Slide 14: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS
Slide 15: Key Historical Financials
Key Historical Financials Revenue (in ₹ Cr) EBITDA (in ₹ Cr) PAT (in ₹ Cr) 959 168 93 146 +41% 86 +33% 802 +48% 552 44 387 69 309 49 32 35 24 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Gross Profit Margin EBITDA Margin PAT Margin 33.3% 18.2% 17.5% 10.7% 9.7% 28.3% 7.6
Slide 16: Historical Profit & Loss Account
Historical Profit & Loss Account Profit and Loss (in ₹ Cr) FY25 FY24 FY23 FY22 FY21 CAGR Revenue from Operations 958.5 802.2 552.4 386.9 309.3 32.7% Cost of Goods Sold 639.5 575.3 444.6 315.0 261.5 Gross Profit 319.0 226.9 107.8 71.9 47.9 60.6% Gross Profit Margins (%) 33.3% 28.3% 19.5% 18.6% 15.5%
Slide 17: Historical Balance Sheet
Historical Balance Sheet Assets (in ₹ Cr) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities (in ₹ Cr) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non - Current Assets 395.7 302.2 206.6 30.4 20.9 Total Equity 531.4 406.1 322.2 128.5 39.9 Share Capital 20.4 20.3 20.3 15.2 8.7 Property Plant & Equipments
Slide 18: Historical Abridged Cash Flow Statement
Historical Abridged Cash Flow Statement Particulars (in ₹ Cr) Mar-25 Mar-24 FY23 FY22 FY21 Net Profit Before Tax 125.4 115.6 59.7 42.9 31.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 44.4 29.7 7.1 5.6 5.1 Operating profit before working capital changes 169.8 145.3 66.8 48
Slide 19: Key Return Ratios
Key Return Ratios ROE* Debt / Equity Ratio ROCE^ 25% 35% 0.5 31% 32% 31% 21% 21% 19% 0.4 0.4 0.3 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 ROE = PAT / Shareholder’s Equity D/E = Total Debt / Shareholder’s Equity *Excluding Rs. 107.9 crores raised via IPO for Capacity expansions for
Slide 20: Capex Update
Capex Update
Slide 21: Capex Update: Foraying into Fittings Solutions
Capex Update 1 : Foraying into Fittings Solutions Expanding offerings to include comprehensive range of fittings solutions Building on our reputation and execution track record, we are diversifying our product portfolio to encompass a wide selection of fittings , leveraging our expertise to provide
Slide 22: Fitting Project – Key Highlights
Fitting Project – Key Highlights 1 2 Product Range Material Expertise Wide range of fittings such as We will work with various elbows, tees, reducers, joints, metals to ensure flanges etc. designed to meet the compatibility with the specific requirements of different substances being transported ind
Slide 23: Capex Update: Value added Welded Tubes
Capex Update 2 : Value added Welded Tubes Description Details Impact Introducing a specialised product line of stainless and titanium welded tubes Value Added Product Line Capacity Expansion aimed at enhancing our competitive edge and profitability These specialized tubes represent critical innovati
Slide 24: Financial Contours
Financial Contours Phase 1* Phase 2 Funding Seamless Pipes / Tubes Project Details Fittings & Welded Tubes and Piercing Line ~40% Margins (%) High teens High teens In form of warrants to be issued to Promoters & others Similar to current asset Similar to current asset Asset Turnover turns turns Retu
Slide 25: Company Overview
Company Overview
Slide 26: Product Portfolio & Applications
Product Portfolio & Applications Products manufactured are as per the International Standards to cater both Domestic & International markets Stainless Steel High Precision and Stainless Steel Hydraulic and Stainless Steel Seamless Pipes Stainless Steel Welded Pipes Stainless Steel Box Pipes Heat Exc
Slide 27: Diversified End Use
Multiple End User Industry Diversified End Use Chemical Engineering Fertilizers Pharmaceutical Power Food Processing Paper Oil & Gas Aerospace 27
Slide 28: State of the Art Infrastructure
State of the Art Infrastructure… Strategically located Manufacturing facility at Dhaneti (Kutch) within proximity of Kandla & Mudra ports for enabling imports and exports Facility on a land measuring 2,02,545 Sq. Mt. 28
Slide 29: Stringent Quality Inspection & Testing
…with Stringent Quality Inspection & Testing Rigorous testing system for our products to Ensure Finest Quality is delivered for our products Tensile Test Hydro-static Test Quality Tests Hardness Test Eddy Current Test Non-Destructive Tests Destructive Tests IGC Test Air under Water Test Reverse-bend
Slide 30: Marquee Clientele
Marquee Clientele BC «& & - i ; é rN oe ict NAYARA Reliance [riveni CIONEXCHANGE (PL NDA PESTCOESIMTED & -Iq-ia! TITAGARH Industries Limited \ io ial eweeey ve v GAIL (India) Limited (=) AARTI INDUSTRIES i mousrmes = GaN cp i. ce ; & PATANJALD. Ecceacal we Ci Cipla wom ENGINEERS , @ eG Dalmia & INDI
Slide 31: Awards & Certifications
Awards & Certifications Calendar Years Certifications & Accreditations Our manufacturing facilities at Dhaneti have been accredited with management system standards certificate for compliance with ISO 9001: 2015 & ISO 2016 14001:2015 requirements 2017 Our Company has been verified and recognized as
Slide 32: Experienced Board of Directors
Experienced Board of Directors Arun Kothari Jayantiram M Choudhary Megharam S Choudhary Dhruv M Patel Chairman & Managing Whole Time Director Whole Time Director Whole Time Director Director Associated with the Company since 2021 as Associated with the Company since its Associated with our Company s
Slide 33: Strong Management Team
Strong Management Team Arun Kothari Jayantiram M Choudhary Megharam S Choudhary Dhruv M Patel Chairman & Managing Whole Time Director Whole Time Director Whole Time Director Director Associated with the Company since Associated with the Company since Associated with our Company Associated with the C
Slide 34: Strategies to Support Growth
STRATEGIES TO SUPPORT GROWTH
Slide 35: Capacity Expansion & Backward Integration
Capacity Expansion & Backward Integration Capacity Expansion for Finished Products (MTPA) Completed Capacity Expansion 3.5x Previous Current 42,000 Particulars ~6x Capacity Expansion 38,400 38,400 Size (mm) Capacity Size (mm) Capacity Seamless 6 – 114.3 3,600 MTPA 6 – 219.3 14,400 MTPA 27,600 24,000
Slide 36: Key Takeaways
Key Takeaways Capacity Expansion Geographical Expansion Brand Value Expanding our existing manufacturing capacity for welded We intend to leverage our existing relationships We intend to make consistent efforts to pipes/tubes (including titanium grade) and seamless to further deepen our presence in
Slide 37: Thank You
Thank You Venus Pipes & Tubes Limited CIN: L74140GJ2015PLC082306 Mr. Kunal Bubna ( Chief Financial Officer ) cs@venuspipes.com Strategic Growth Advisors Private Limited CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Ayush Haria sagar.shroff@sgapl.net / ayush.haria@sgapl.net +91 98205 19303 / +91