About Venus Pipes & Tubes Ltd.
Venus Pipes & Tubes Ltd. is a leading manufacturer of steel pipes and tubes in India. It specializes in seamless and welded pipes, serving sectors like oil & gas, power, and infrastructure. The company focuses on modern capacity expansions and robust order book management to sustain long-term growth.
Investor Takeaway
Nuvama maintains a Buy recommendation on Venus Pipes with a target price of INR 2,260. The company’s upgraded volume guidance, strong order book, and upcoming seamless plant capacity provide growth visibility for investors over the medium term.
Key Updates from Nuvama
- Volume guidance upgraded to 25% (previously 20%).
- New seamless plant’s utilisation expected to reach 80–90%, while welded pipes are expected at 70–80%.
- Overall capacity utilisation expected to touch 80% on a total capacity of 42,000MT.
- Order book strong at INR 5.6bn, with 60% skewed towards seamless pipes.
- Robust demand anticipated from the power sector for 3–5 years.
- Seamless pipes and fittings’ capacities expected to be operational in H2FY26E.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
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