Venus Pipes & Tubes Ltd. · NSE:VENUSPIPES
Venus Pipes & Tubes — Q4 FY26 Earnings Presentation
38 slides from Venus Pipes & Tubes's earnings presentation, Dec 1, 2025
Slide 1: Q4 & FY26 Investor Presentation
Venus Pipes & Tubes Limited Q4 & FY26 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: Capex Update
vers PIPES AND TUBES Capex Update
Slide 4: Forward Integration into Pipe Spooling Backed by Anchor Customer
Forward Integration into Pipe Spooling Backed by Anchor Customer LOI received for INR 185 Cr Order Adding Spooling Capabilities Forward integration & Transitioning from Stainless Steel Pipes to Engineered Piping Solutions Moving Up the Value Chain Venus Pipes & Tubes Limited Enhancing Value Addition
Slide 5: Ongoing Capex Completion: Current Capacities
Ongoing Capex Completion : Current Capacities Capacity Commencement Period Current Capacities (MTPA) 3,600 MTPA Value Added Welded Pipes May 2025 Welded Seamless Mother Hollow Venus Pipes & Tubes Limited 1,800 MTPA Value Added Seamless Pipes November 2025 27,600 Fittings Capacity May 2026 24,000 4,2
Slide 6: Continuous Capacity Addition to Serve Growing Demand
Continuous Capacity Addition to Serve Growing Demand Capacity Addition for Finished Products (MTPA) 4x Welded Seamless 48,000 43,800 ~7x Capacity Expansion from FY19 to Current 38,400 38,400 27,600 Venus Pipes & Tubes Limited 27,600 24,000 24,000 10,800 10,800 12,000 9,300 6,900 20,400 7,200 7,200 8
Slide 7: Operational & Financial Highlights
Operational & Financial Highlights
Slide 8: Q4 & FY26 Key Financial Highlights
Key Highlights Q4 & FY26 Financial Highlights All time high revenues of INR 302.2 Cr in Q4 FY26 Revenue EBITDA PAT Venus Pipes & Tubes Limited Q4FY26 INR 302.2 Cr INR 49.4 Cr (+18.7% YoY) INR 25.4 Cr (+7.2% YoY) +17.1 % YoY 16.3% EBITDA Margin 8.4% PAT Margin FY26 INR 1,166.8 Cr INR 190.6 Cr (+13.7%
Slide 9: Inventory Days Stable Despite Significant Scale-Up in Business Operations
Inventory Days Stable Despite Significant Scale-Up in Business Operations Inventory & Inventory Days Movement from FY23 to FY26… Inventory days remain stable despite rising inventory → Rise in inventory is proportional to the growth in Business Operations 110 103 131 121 Days Days Days Days Strong O
Slide 10: Operation Stabilization post Capex Driving Better Cash Conversion
Operation Stabilization post Capex Driving Better Cash Conversion EBITDA Cashflow From Operations Cash Conversion Ratio +176% 59% +1,144% 191 168 112 146 41% 36% 69 Venus Pipes & Tubes Limited 52 69 13% 9 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Improving Cash Conversion Ratio… ✓
Slide 11: Revenue Split across Segment – Q4FY26
Revenue Split across Segment – Q4FY26 Seamless Pipes Welded Pipes Others Total +18% +15% +20% +17% 178.7 103.4 20.1 302.2 151.5 89.9 16.7 258.1 Venus Pipes & Tubes Limited Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Revenue Contribution (%) 6% 7% 35% 34% Q4 FY25 Q4 FY26 59% 59% Seamless
Slide 12: Revenue Split across Segment – FY26
Revenue Split across Segment – FY26 Seamless Pipes Welded Pipes Others Total +24% +20% +7% +22% 675.4 420.8 70.6 1,166.8 65.7 543.4 349.4 958.5 Venus Pipes & Tubes Limited FY25 FY26 FY25 FY26 FY25 FY26 FY25 FY26 Revenue Contribution (%) 7% 6% 36% FY26 36% FY25 57% 58% Seamless Welded Others INR Cr u
Slide 13: Revenue Split across Geographies – Q4FY26
Revenue Split across Geographies – Q4FY26 Domestic Exports Total +47% +17% -22% 214.4 112.5 302.2 258.1 87.8 145.6 Venus Pipes & Tubes Limited Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Revenue Contribution (%) 29% 44% Q4FY25 Q4FY26 56% 71% Domestic Exports INR Cr unless specified 13
Slide 14: Revenue Split across Geographies – FY26
Revenue Split across Geographies – FY26 Domestic Exports Total +24% +18% +22% 766.7 400.1 1,166.8 338.1 958.5 620.4 Venus Pipes & Tubes Limited FY25 FY26 FY25 FY26 FY25 FY26 Revenue Contribution (%) 35% 34% FY25 FY26 65% 66% Domestic Exports INR Cr unless specified 14
Slide 15: Key Financial Highlights – Q4 & FY26
Key Financial Highlights – Q4 & FY26 Revenue EBITDA PAT +22% +14% +10% 1,166.8 190.6 101.9 167.6 92.9 958.5 Venus Pipes & Tubes Limited +17% +19% +7% 258.1 302.2 41.6 49.4 23.7 25.4 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 EBITDA Margin PAT Margin 17.5% 9.2% 9.7% 16.1%
Slide 16: Profit & Loss Account
Profit & Loss Account Profit and Loss Statement Q4FY26 Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 302.2 258.1 17.1% 1,166.8 958.5 21.7% Cost of Goods Sold 194.9 172.0 770.5 639.5 Gross Profit 107.3 86.1 24.6% 396.3 319.0 24.2% Employee Cost 13.5 10.3 50.4 38.0 Venus Pipes & Tubes Limited Other
Slide 17: Balance Sheet
Balance Sheet Assets Mar-26 Mar-25 Equity & Liabilities Mar-26 Mar-25 Non - Current Assets 560.6 395.7 Total Equity 668.5 531.4 Property Plant & Equipment 396.1 308.8 Share Capital 20.7 20.4 Reserves & Surplus 647.8 511.0 Right-of-Use Assets 1.7 0.0 Non-Current Liabilities 112.1 42.1 CWIP 123.7 66.5
Slide 18: Cash Flow Statement
Cash Flow Statement Particulars Mar-26 Mar-25 Net Profit Before Tax 137.3 125.4 Adjustments for: Non -Cash Items / Other Investment or Financial Items 59.0 44.4 Operating profit before working capital changes 196.3 169.8 Venus Pipes & Tubes Limited Changes in working capital -50.8 -82.8 Cash generat
Slide 19: From MD's Desk
From MD’s Desk Commenting on the Q4 & FY26 performance of the company Mr. Arun Kothari, Managing Director for Venus Pipes & Tubes Limited said, “We are proud to report our best-ever annual performance despite challenging global environment. Revenue grew 22% to INR 1,167 crore in FY26, highest in Com
Slide 20: Company Overview
vers PIPES AND TUBES Company Overview
Slide 21: 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 48,000 MT p.a. total installed capacity, along tubes manufacturer Venus Pipes & Tubes Limited with Backward Integrati
Slide 22: Diversified Product Range used across Industries
Diversified Product Range used across Industries Pipes & Tubes Fittings & Flanges Stainless Steel High Precision Stainless Steel Hydraulic and Stainless Steel Seamless and Heat Exchanger Tubes Instrumentation Tubes Pipes Venus Pipes & Tubes Limited Added Fittings & Flanges to portfolio, with an aim
Slide 23: Integrated State of Art Manufacturing Facility
Integrated State of Art Manufacturing Facility Venus Pipes & Tubes Limited ✓ Total land bank of 2,66,282 sq. mt., comprising existing manufacturing facilities and future expansion area ✓ Strategically located Manufacturing facility at Dhaneti (Kutch) within proximity of Kandla & Mundra ports ✓ Equip
Slide 24: 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 ~67x 338 400 Exports Revenue 99 Geographical Expansion 6 15 40 30 (INR Cr) FY20 FY21 FY22 FY23 FY24 FY25 FY26 Revenue Contribution 3.4% 4.8% 10
Slide 25: End User Industry
End User Industry Traditional Sectors New Age Sectors Venus Pipes & Tubes Limited Chemical Engineering Fertilizers Heat Exchanger Data Centers Pharmaceuticals Power Food Processing Nuclear Solar Manufacturing Paper Oil & Gas Aerospace Automobiles Semi Conductors Presence across Industries with criti
Slide 26: Marquee Clientele
Marquee Clientele Venus Pipes & Tubes Limited 26 Logos Are The Property Of Their Respective Owners
Slide 27: 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 28: 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 29: 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 30: Annexures
Annexures
Slide 31: Key Historical Financials
Key Historical Financials Revenue EBITDA PAT +34% 1167 +40% 191 102 +32% 168 93 959 86 146 802 Venus Pipes & Tubes Limited 552 44 387 69 32 49 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 EBITDA Margin (%) PAT Margin (%) 18.2% 17.5% 10.7% 16.3% 9.7% 8.2% 8.7% 12.7% 8.0%
Slide 32: Historical Profit & Loss Account
Historical Profit & Loss Account Profit and Loss FY26 FY25 FY24 FY23 FY22 CAGR Revenue from Operations 1,166.8 958.5 802.2 552.4 386.9 31.8% Cost of Goods Sold 770.5 639.5 575.3 444.6 315.0 Gross Profit 396.3 319.0 226.9 107.8 71.9 53.2% Employee Cost 50.4 38.0 22.4 10.2 6.2 Venus Pipes & Tubes Limi
Slide 33: Historical Balance Sheet
Historical Balance Sheet Assets Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Equity & Liabilities Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non - Current Assets 560.6 395.7 302.2 206.6 30.4 Total Equity 668.5 531.4 406.1 322.2 128.5 Property Plant & Equipment 396.1 308.8 281.0 59.8 21.3 Share Capital 20.7 20.4 20.3
Slide 34: Historical Abridged Cash Flow Statement
Historical Abridged Cash Flow Statement Particulars Mar-26 Mar-25 Mar-24 FY23 FY22 Net Profit Before Tax 137.3 125.4 115.6 59.7 42.9 Adjustments for: Non -Cash Items / Other Investment or Financial 59.0 44.4 29.7 7.1 5.6 Items Operating profit before working capital changes 196.3 169.8 145.3 66.8 48
Slide 35: Key Return Ratios
Key Return Ratios RoE* Debt / Equity Ratio ROCE^ Venus Pipes & Tubes Limited 25.0% 0.5 34.7% 0.5 31.0% 32.0% 30.7% 21.0% 21.0% 19.0% 27.0% 17.0% 0.4 0.4 0.3 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ROE = PAT / Shareholder’s Equity D/E = Total Debt / Shareholder’s Eq
Slide 36: CSR Initiatives
CSR Initiatives Installed 200 LPH RO water purification systems at Kumar Shala and Donated computer systems to an institution in Bhuj supporting Venus Pipes & Tubes Limited Kanya Shala in Dhaneti village Divyang children Distributed sets of school dresses and sweatshirts to students of Kumar Provide
Slide 37: Sustainability Initiatives
Sustainability Initiatives Hazardous Waste Management through Co-processing - We ensure that 98% of hazardous waste is disposed of through co-processing in the cement industry in line with EPR guidelines, while only 2% is sent to landfill disposal ARP (Acid Regeneration Plant) With the implementatio
Slide 38: Thankyou
Thankyou For further Information, please connect : Venus Pipes & Tubes Limited Strategic Growth Advisors Private Limited CIN: L24311GJ2015PLC082306 CIN: U74140MH2010PTC204285 cs@venuspipes.com Mr. Sagar Shroff / Mr. Ayush Haria sagar.shroff@sgapl.net / ayush.haria@sgapl.net For more information visi