Venus Pipes & Tubes Ltd. · NSE:VENUSPIPES
Venus Pipes & Tubes — Q3 FY26 Earnings Presentation
31 slides from Venus Pipes & Tubes's earnings presentation, December 2025
Slide 1: Q3 & 9MFY26 Investor Presentation
Venus Pipes & Tubes Limited Q3 & 9MFY26 Investor Presentation
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: Operational & Financial Highlights
Operational & Financial Highlights
Slide 4: Key Highlights: Q3 & 9M FY26 Financial Highlights
Key Highlights Q3 & 9M FY26 Financial Highlights All time high revenues of INR 296.7 Cr in Q3 FY26 Revenue EBITDA PAT Venus Pipes & Tubes Limited Q3FY26 INR 296.7 Cr INR 48.8 Cr (+31.2% YoY) INR 25.6 Cr (+42.2% YoY) +28.3 % YoY 16.4% EBITDA Margin 8.6% PAT Margin 9MFY26 INR 864.7 Cr INR 141.1 Cr (+1
Slide 5: Revenue Split across Segment – Q3FY26
Revenue Split across Segment – Q3FY26 Seamless Pipes Welded Pipes Others Total +43% +13% -2% +28% 179.6 100.5 17.0 16.6 296.7 89.1 231.3 125.2 Venus Pipes & Tubes Limited Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Revenue Contribution (%) 7% 6% 34% Q3 FY25 Q3 FY26 39% 54% 60% Seamless W
Slide 6: Revenue Split across Segment – 9MFY26
Revenue Split across Segment – 9MFY26 Seamless Pipes Welded Pipes Others Total +27% +22% +3% +23% 496.7 317.4 49.0 50.6 864.7 391.9 259.5 700.4 Venus Pipes & Tubes Limited 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 Revenue Contribution (%) 7% 6% 37% 9MFY26 37% 9MFY25 56% 57% Seamless We
Slide 7: Revenue Split across Geographies – Q3FY26
Revenue Split across Geographies – Q3FY26 Domestic Exports Total +43% +5% +28% 203.2 89.1 93.5 296.7 231.3 142.2 Venus Pipes & Tubes Limited Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Revenue Contribution (%) 32% 39% Q3FY25 Q3FY26 61% 68% Domestic Exports INR Cr unless specified 7
Slide 8: Revenue Split across Geographies – 9MFY26
Revenue Split across Geographies – 9MFY26 Domestic Exports Total +16% +38% +23% 552.4 312.2 864.7 474.8 700.4 225.6 Venus Pipes & Tubes Limited 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 Revenue Contribution (%) 32% 36% 9MFY25 9MFY26 64% 68% Domestic Exports INR Cr unless specified 8
Slide 9: Key Financial Highlights – Q3 & 9MFY26
Key Financial Highlights – Q3 & 9MFY26 Revenue EBITDA PAT +23% +12% +10% 864.7 141.1 76.4 126.0 69.2 700.4 +28% +31% +42% Venus Pipes & Tubes Limited 296.7 48.8 25.6 231.3 37.2 18.0 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 EBITDA Margin PAT Margin 18.0% 9.9
Slide 10: Profit & Loss Account
Profit & Loss Account Profit and Loss Statement (INR Cr) Q3FY26 Q3FY25 YoY 9MFY26 9MFY25 YoY Revenue from Operations 296.7 231.3 28.3% 864.7 700.4 23.5% Cost of Goods Sold 195.2 155.3 575.7 467.5 Gross Profit 101.5 76.0 33.6% 289.0 232.9 24.1% Employee Cost 12.7 10.3 37.0 27.6 Venus Pipes & Tubes Li
Slide 11: From MD's Desk
From MD’s Desk Commenting on the Q3 & 9MFY26 performance of the company Mr. Arun Kothari, Managing Director for Venus Pipes & Tubes Limited said, “We are proud to report an all-time high quarterly revenue of INR 296.7 crore, marking a 28% year-on- year growth. We continue to maintain growth momentum
Slide 12: Company Overview
vers PIPES AND TUBES Company Overview
Slide 13: About Us
About US - Venus Pipes & Tubes Limited 80+ Clientele base out of Fortune 500 Vision Companies in India Making ourselves as first reference and preference in stainless steel pipes and 43,800 MT p.a. total installed capacity, along tubes manufacturer Venus Pipes & Tubes Limited with Backward Integrati
Slide 14: Diversified Product Range used across Industries
Diversified Product Range used across Industries Stainless Steel High Precision and Stainless Steel Hydraulic and Stainless Steel Seamless Pipes Heat Exchanger Tubes Instrumentation Tubes Venus Pipes & Tubes Limited Heat Exchangers, Pressure Vessels, Chemical and Fertilizer, Nuclear & Thermal Power
Slide 15: Upcoming Product Expansion into Fittings
Upcoming Product Expansion into Fittings Product Range Wide range of fittings such as elbows, tees, reducers, joints, flanges etc. designed to meet the specific requirements of different industries and applications Material Expertise Venus Pipes & Tubes Limited We will work with various metals to en
Slide 16: Integrated State of Art Manufacturing Facility
Integrated State of Art Manufacturing Facility Venus Pipes & Tubes Limited 2,02,545 Sq. Mt. 27,600 MTPA 16,200 MTPA 14,400 MTPA Welded Pipes Seamless Pipes Piercing Line Capacity Plant Area Capacity Capacity ✓ Strategically located Manufacturing facility at Dhaneti (Kutch) within proximity of Kandla
Slide 17: Presence Across the Globe
Presence Across the Globe Strong Dealership Network Venus Pipes & Tubes Limited Quality Products Exports in More Dedicated Expansion than Team 30+ Countries ~56x 338 Exports Revenue 99 Geographical Expansion 6 15 40 30 (INR Cr) FY20 FY21 FY22 FY23 FY24 FY25 Revenue Contribution 3.4% 4.8% 10.5% 5.4%
Slide 18: Continuous Capacity Expansion to Serve Growing Demand
Continuous Capacity Expansion to Serve Growing Demand Capacity Expansion for Finished Products (MTPA) Seamless Pipes Welded Seamless 01 Increased SKUs by adding capacity for higher dia pipes from 6mm to 114.3 mm to 6mm to 219.3 mm 3.6x 43,800 ~6x Capacity Expansion 38,400 38,400 Welded Pipes 02 Venu
Slide 19: What Sets Us Apart
What Sets Us Apart ✓ Niche manufacturer of stainless-steel pipes and tubes, which are superior to other categories of Niche Player of Stainless-Steel 1 pipes due to their corrosion resistance, durability, and lower maintenance Pipes & Tubes ✓ This niche focus allows the company to deliver high-relia
Slide 20: End User Industry
End User Industry Chemical Engineering Fertilizers Heat Exchanger Venus Pipes & Tubes Limited Pharmaceuticals Power Food Processing Nuclear Paper Oil & Gas Aerospace Automobiles Products Used Across Industries Presence across Industries with critical application 20
Slide 21: Marquee Clientele
Marquee Clientele Venus Pipes & Tubes Limited 21 Logos Are The Property Of Their Respective Owners
Slide 22: Awards & Accolades
Awards & Accolades Calendar Certifications & Accreditations Years Our manufacturing facilities at Dhaneti have been accredited with 2016 management system standards certificate for compliance with ISO 9001: 2015 & ISO 14001:2015 requirements Our Company has been verified and recognized as material V
Slide 23: Board of Directors
Board of Directors Arun Kothari Jayantiram M Choudhary Megharam S Choudhary Dhruv M Patel Chairman & Managing Director Whole Time Director Whole Time Director Whole Time Director Venus Pipes & Tubes Limited Associated with the Company since Associated with the Company since its Associated with our C
Slide 24: Strong Management at Helm
Strong Management at Helm Arun Kothari Jayantiram M Choudhary Megharam S Choudhary Dhruv M Patel Chairman & Managing Director Whole Time Director Whole Time Director Whole Time Director Associated with the Company since Associated with the Company since its Associated with our Company since its Asso
Slide 25: Historical Financial Highlights
Historical Financial Highlights
Slide 26: Key Historical Financials
Key Historical Financials Revenue EBITDA PAT 959 168 93 +48% 146 +41% 86 +33% 802 552 Venus Pipes & Tubes Limited 44 387 69 309 49 32 35 24 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA Margin (%) PAT Margin (%) 18.2% 17.5% 10.7% 9.7% 7.6% 8.2% 8.0% 12.7% 12.5% 11
Slide 27: Historical Profit & Loss Account
Historical Profit & Loss Account Profit and Loss 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% Employee Cost 38.0 22.4 10.2 6.2 3.2 Venus Pipes & Tubes Limited
Slide 28: Historical Balance Sheet
Historical Balance Sheet Assets Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non - Current Assets 30.4 20.9 Total Equity 531.4 406.1 322.2 128.5 39.9 395.7 302.2 206.6 Share Capital 20.4 20.3 20.3 15.2 8.7 Property Plant & Equipment 308.8 281.0 59.8 21.3
Slide 29: Historical Abridged Cash Flow Statement
Historical Abridged Cash Flow Statement Particulars 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 44.4 29.7 7.1 5.6 5.1 Items Operating profit before working capital changes 169.8 145.3 66.8 48.5 36.1 Ve
Slide 30: Key Return Ratios
Key Return Ratios RoE* Debt / Equity Ratio ROCE^ Venus Pipes & Tubes Limited 25.0% 0.5 34.7% 31.0% 32.0% 30.7% 21.0% 21.0% 19.0% 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 crore
Slide 31: Thankyou
Thankyou For further Information, please connect : Venus Pipes & Tubes Limited Strategic Growth Advisors Private Limited CIN: L74140GJ2015PLC082306 CIN: U74140MH2010PTC204285 cs@venuspipes.com Mr. Sagar Shroff / Mr. Ayush Haria sagar.shroff@sgapl.net / ayush.haria@sgapl.net For more information visi