Shares of Venus Pipes & Tubes gained nearly 3% on Wednesday after the company reported its best-ever annual financial performance for FY26, supported by strong volume growth, higher value-added product sales, and expansion-driven optimism.
Venus Pipes shares traded around Rs 1,479 during the session after the company announced Q4 FY26 revenue of Rs 302.2 crore, up 17.1% year-on-year compared to Rs 258.1 crore in the corresponding quarter last year. EBITDA rose 18.7% YoY to Rs 49.4 crore, while net profit increased 7.2% YoY to Rs 25.4 crore.
For the full financial year FY26, the company reported record revenue of Rs 1,166.8 crore, marking a 21.7% increase over FY25. Annual PAT rose 9.7% YoY to Rs 101.9 crore.
The company stated that performance was driven by strong domestic and export demand along with an improved product mix focused on higher value-added offerings.
Operationally, Venus Pipes announced multiple expansion initiatives during the quarter. The company said the remaining capacity expansion for seamless pipes, tubes, and fittings has recently commenced operations.
The board also approved a Rs 70 crore capex plan for its entry into spooling solutions. The expansion is backed by a Rs 185 crore Letter of Intent from a leading customer in the data centre segment.
Additionally, the company installed a new JCO machine worth Rs 12 crore to manufacture higher-length welded pipes, while work is also progressing on a 6.1 MW solar power project aimed at reducing long-term power costs.
Brokerage firm Nuvama Institutional Equities reiterated its ‘Buy’ rating on the stock with a target price of Rs 2,000 following the results announcement.
According to the brokerage, the newly commissioned capacities for seamless pipes, fittings, and mother hollows are expected to support over 25% revenue growth, margin improvement, and stronger order inflows in FY27 and beyond.
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