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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Venus Pipes & Tubes Limited is an India-based company engaged in manufacturing of all kinds of stainless-steel pipes and tubes and dealing with all kinds of steel, pipes, and tubes. The Company’s products include Stainless Steel High Precision and Heat Exchanger Tubes,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, fairly priced.
Venus Pipes & Tubes is scored on the commodity / cyclical framework. It keeps a slim 8.7% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.10× reported profit. Free cash flow is worth about -2.3% of its market value.
Over the last 3 years revenue compounded at 29%/yr and profit at 32%/yr. Book value itself has compounded 28%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 14.4%. In the latest quarter profit grew 4% versus the prior quarter.
At 35× earnings, the stock sits at the 45th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~18%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 38.13 | 20.39 | worse |
| P/B | 3.8 | 2.07 | worse |
| EV/EBITDA | 20.67 | 10.9 | worse |
| ROE | 14.37 | 18.07 | worse |
| ROCE | 16.8 | 9.84 | better |
| ROA | 6.94 | 3.5 | better |
| Quick Ratio | 0.68 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 4 financial years shown. 29% CAGR over 3 years — high-growth territory.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (32% vs 29%) — margin expansion is at work.
Operating margins have been stable around 12% — no major structural shift.
ROE at 15% — a respectable return on shareholder capital.
EPS has grown every year — each share earns more than the last, consistently. Profit grew faster than EPS (32% vs 30%) — share dilution is eroding per-share value. 30% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Investing outflows exceed operating cash — the company relies on external funding to finance expansion. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 6% sequentially — momentum is building. Low quarterly variance (9% spread) — a predictable, non-seasonal revenue stream.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 43.7% — dispersed ownership; institutional flows drive the stock. Promoters reduced 4.7pp over 4 quarters — watch whether this is planned divestment or pledge invocations. FII stake up 3.3pp over 4 quarters — growing foreign interest. Both FII and MF added last quarter — broad institutional confidence.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.