Venus Pipes Share Price Target 2024, 2025, 2026, 2030.
Venus Pipes Share Price Target 2024, 2025, 2026, 2030:– In today’s article we will give you information about Venus Pipes and Tubes Limited and tell you what the share value of this company can be in the coming years.
Venus Pipes and Tubes Limited is a company working in the steel sector and seems to be fundamentally strong and the business of the company also seems to be growing rapidly.
This company is not expected to generate very high multi-bagger returns but the company definitely has the potential to give 20 to 22% CAGR returns. If you are also thinking of investing in this company, then definitely read our article today because it will definitely influence your decision to invest.
About the business of Venus Pipes & Tubes Ltd
Venus Pipes & Tubes Limited manufactures and exports stainless steel pipes and tubes. This company manufactures stainless steel tube products in two categories including seamless tubes/pipes and welded tube pipes and under this, this company produces in five categories. Produces. stainless steel seamless pipes, stainless steel hydraulic & instrumentation tubes, stainless steel high precision & heat exchanger tubes, stainless steel welded pipes and stainless steel box pipes.
This company was started in 2015. Venus Pipes & Tubes Ltd is a Gujarat based company.
| Company Name | Venus Pipes & Tubes Ltd |
| Market Cap | 3104 Cr. |
| 52 High/Low | 1582 /679 |
| Debt | 146 Cr. |
| PE Ratio | 41.7 |
| ROE | 19.6 % |
| ROCE | 22.9 % |
| Debt To Equity | 0.04 |
| Pramoter Holding | 48.7 % |
| Price To Book Value | 8.66 |
Venus Pipes Share Price Target 2024, 2025, 2026, 2030 Table
The share price target of Venus Pipes & Tubes Ltd in the coming years is as follows: –
| Year | Minimum Price (₹) | Maximum Price (₹) |
| Venus Pipes Share Price Target 2024 | 1,759 | 1,777 |
| Venus Pipes Share Price Target 2025 | 2,096 | 2,117 |
| Venus Pipes Share Price Target 2026 | 2,561 | 2,587 |
| Venus Pipes Share Price Target 2027 | 3,233 | 3,298 |
| Venus Pipes Share Price Target 2028 | 3,727 | 3,764 |
| Venus Pipes Share Price Target 2029 | 4,404 | 4,448 |
| Venus Pipes Share Price Target 2030 | 5,561 | 5,672 |
| Venus Pipes Share Price Target 2035 | 22,688 | 22,915 |
| Venus Pipes Share Price Target 2040 | 68,747 | 70,122 |
The business growth of Venus Pipes & Tubes Ltd company is expected to be good due to which the company has the ability to provide annual returns of 20 to 22 percent to its investors. The share price targets given above will be achieved only if the company continues to perform well and earn profits.
Venus Pipes Share Price Target 2024
Venus Pipes & Tube Limited wants to make its company the largest manufacturer of Stainless Steel Pipes and tubes. This company is growing rapidly. The company has business in the country as well as abroad. Along with this, the company has prepared products for many big companies of India.
The company is continuously working on increasing its production capacity. Considering all these points, the share price of the company is expected to be good in 2024. Venus Pipes Share Price Target in 2024 is expected to be Rs 1770 in 2024.
Venus Pipes Share Price Target 2025
The revenue of this company was Rs 119 crore in March 2019, which has now increased to Rs 552 crore in March 2023. This means that the company is growing its revenue at a CAGR of 47% every year. Along with this, the company is also continuously reducing its debt, due to which the company’s debt to equity has continuously come down. This means that the company is also continuously improving its financials.
Now if we talk about share price target, Venus Pipes Share Price Target can be seen trading up to Rs 2,117 in 2025.
Venus Pipes Share Price Target 2026
The products of Venus Pipes company are exported to the domestic market as well as to foreign countries. There are about 20 countries where the products of this company are exported. Along with this, the company is also continuously increasing its gross profit margin. The gross profit margin of the company was 14 percent in 2018-19, which has now increased to 19.50 percent in 2022-23.
Along with this, the EBITDA numbers of the company are also continuously improving. The EBITDA of the company was 8% in 2018-19, which has increased to 69% in 2022-23.
Considering the many positive points of Venus Pipes Limited, the company’s share price target is expected to give a return of about 20% in 2026. Venus Pipes Share Price Target is expected to be Rs 2587 in 2026.
Venus Pipes Share Price Target 2030
Along with the revenue of Venus Pipes Limited, its profits are also increasing rapidly. The company’s profit was Rs 4 crore in March 2019, which increased to Rs 44 crore in March 2023.
If we look at the company’s three-year sales growth, this number is 40 percent, whereas if we look at the same three-year profit growth, the company has shown a profit growth of almost 120% in the last three years.
All these numbers show that the company is performing well and is continuously increasing its profits. If the company continues to perform like this in the future, then it has the ability to give good returns to its investors. Venus Pipes Share Price Target may be seen trading up to Rs 5,672 in 2030.
Venus Pipes & Tubes Ltd competitor Company
- Ratnamani Metals
- NMDC Steel
- Welspun Corp
- Mah. Seamless
- Godawari Power
- Usha Martin
- Sarda Energy
Venus Pipes & Tubes Ltd Annual Report
Venus Pipes & Tubes Ltd Share Holding Pattern
The promoter’s holding in this company is good and the promoter has been continuously increasing his holding, which is positive for the company.
| Dec 2022 | March 2023 | Jun 2023 | Sep 2023 | Dec 2023 | |
| Promoter | 48.20 % | 48.20 % | 48.20 % | 48.63 % | 48.68 % |
| FII | 5.80 % | 5.76 % | 6.49 % | 6.60 % | 4.81 % |
| DII | 8.63 % | 8.65 % | 8.65 % | 7.25 % | 8.26 % |
| Public | 37.37 % | 37.39 % | 37.39 % | 37.54 % | 38.26 % |
Should I invest in Venus Pipes & Tubes Ltd or not?
The conclusion is that if you are thinking of investing in Venus Pipes & Tubes Ltd, then the company seems to be fundamentally strong and at the same time the company is also showing continuous sales and profit growth.
The company is a small cap company and is continuously improving its financials. There is nothing negative in the company. If seen, the valuation of the company seems to be a bit high. Currently, the company is available at a PE ratio of 41, which is a bit high as per the valuation. If you get this company at a PE ratio of 20 to 25, then it can be a good investment.
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