Venus Pipes and Tubes - Hot business
Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes
Revenue Split FY22
Industry wise
Engineering – 60%
Chemicals - 31%
Others – 9%
Geography wise
Domestic - 46%
Stockist / Traders - 44%
Exports - 10.5%
General Notes
1. Recently listed co
2. Has 5 product lines in business with good client tele
3. Co is working on expansion plans. It already 10,800 MT installed capacity. Company is currently working on capacity expansion of Seamless & Welded Pipes/tubes from 3,600 MTPA & 7,200 MTPA to 9,600 MTPA & 14,400 MTPA, respectively along with the introduction of Mother Hollow pipes with 9,600 MTPA capacity.
Co. has proposed to install an acid regeneration plant (ARP) where the consumption of acid in the manufacturing process shall be reduced substantially and the same will help it in improving operating margins.
4.Major export presensce from FY 22
5.Short term borrowings has increased and cash flow is 0 (100% utilization). EPS has decreased on QOQ because of the expansion since internal accruals and debt is taken for these expansion
6.ROE and ROCE are not specatular but with expansion work getting in we can see the fruits in FY23
Revenue Split FY22
Industry wise
Engineering – 60%
Chemicals - 31%
Others – 9%
Geography wise
Domestic - 46%
Stockist / Traders - 44%
Exports - 10.5%
General Notes
1. Recently listed co
2. Has 5 product lines in business with good client tele
3. Co is working on expansion plans. It already 10,800 MT installed capacity. Company is currently working on capacity expansion of Seamless & Welded Pipes/tubes from 3,600 MTPA & 7,200 MTPA to 9,600 MTPA & 14,400 MTPA, respectively along with the introduction of Mother Hollow pipes with 9,600 MTPA capacity.
Co. has proposed to install an acid regeneration plant (ARP) where the consumption of acid in the manufacturing process shall be reduced substantially and the same will help it in improving operating margins.
4.Major export presensce from FY 22
5.Short term borrowings has increased and cash flow is 0 (100% utilization). EPS has decreased on QOQ because of the expansion since internal accruals and debt is taken for these expansion
6.ROE and ROCE are not specatular but with expansion work getting in we can see the fruits in FY23
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