Venus Pipes & Tubes Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates
Venus Pipes delivered solid Q4 & FY26 financial results. Q4 revenue rose 17% to INR302.2 Cr; full-year FY26 revenue surged 22% to INR1,166.8 Cr. Q4 PAT hit INR25.4 Cr (+7%). Export share remained above 30%, despite a temporary Q4 dip from Middle East conflict.
Major capex for fittings and expanded seamless pipe capacity (now 20,400 MTPA) is fully commissioned. The company is entering the data center segment with a ~INR70 Cr capex for spooling solutions, backed by an INR185 Cr Letter of Intent (LOI), promising higher margins.
The current order book stands at INR450 Cr, plus the INR185 Cr data center LOI. Management guides for over 20% revenue growth in FY27 and targets 18% EBITDA margin by FY28, confident in new products and diversified markets.
