VENUSPIPESNSE26 May 2025

Venus Pipes & Tubes Limited has informed the Exchange about Investor Presentation

Venus Pipes & Tubes Limited

Date: 26/05/2025

To,

Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 051 Mumbai – 400 001 Symbol: VENUSPIPES Scrip Code: 543528 ISIN- INE0JA001018

Dear Sir/Madam,

Sub: Q4 FY25 Investor Presentation

With reference to above captioned subject, please find attached Q4 FY25 Investor Presentation.

The Presentation will be uploaded on the company’s website at www.venuspipes.com

Request you to kindly take the same on record.

Thanking You,

For Venus Pipes & Tubes Limited

CS Pavan Kumar Jain Company Secretary and Compliance Officer Membership No. A66752

VENUS PIPES & TUBES LIMITED

Investor Presentation May 2025

Safe Harbour

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Venus Pipes & Tubes Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

Venus Pipes & Tubes Limited

Vision Making ourselves as first reference and preference in stainless steel pipes and tubes manufacturer

Mission To provide quality and flawless service for dealing with customer / supplier and distributors

Core Values Working with the highest ethical standards in all aspects of our activities

80+

Clientele base out of Fortune 500 Companies in India

Exports to more than

30+ Countries

41%

PAT CAGR from FY20 to FY25

8.0%

Market Share for Seamless Pipes in FY24 compared to 1.6% in FY20

Total installed capacity of 42,000 MT p.a. & along with Backward Integration of ~14,400 MT p.a.

Diversified

End-user Industries

Manufacturer and Exporter of Stainless-Steel Tubes & Pipes in India

s t h g

i l

h g H y e K

Committed on being a leading manufacturer and provider of high-quality Stainless-steel pipes and tubes for demanding and challenging applications

Key Operational Highlights

Key Financial Highlights for FY25

All time high revenues of Rs. 258.1 crores and Rs 958.5 crores for Q4 and FY25 respectively with robust Export growth of 3.5x for FY25 compared to FY24

✓ Revenue from Seamless Pipes/Tubes witnessed a growth of 18% and Welded Pipes/Tubes witnessed growth of 12% for FY25 on year-on-year basis

✓ Our Cash generated from operations stood at Rs 87 crores for FY25

✓ Additionally, during the year company focused on investing in human

talent to strengthen the company’s position & reach

✓ During the year we began expanding our product portfolio with foray into value added products with application across critical industries; and as a part of this, we have recently commenced operations of 3,600 MTPA capacity of value-added welded tubes. Addition of fittings capacity and value added seamless tubes will be operational in coming months

✓ We have recently won an order worth Rs 190 crores for Stainless Steel Seamless Boiler Tubes used in series of Supercritical and Subcritical Thermal Power Project from India’s leading Integrated Power Plant equipment manufacturer

✓ During the year, we received accreditation from NABL for our testing laboratory, further strengthening our commitment to quality, reliability, and best industry practices

Revenue

Rs. 958.5 Crores

19.5% Y-o-Y

EBITDA

Rs. 167.6 Crores

EBITDA Margins at 17.5%

14.6% Y-o-Y

Cash PAT

Rs. 111.4 Crores

Cash PAT Margins at 11.6%

14.0% Y-o-Y

n a G e r a h S

e k r a M c

i t s e m o D

Domestic market share gain in both segments driven by capacity expansion, wider geographical reach & strategic investment in key talent

Seamless Pipes Market Size (MTPA)*

1.6%

4.4%

3.2%

4.6%

8.0%

60,000

70,000

90,000

1,10,000

FY20

FY21

FY22

FY23

FY24

Welded Pipes Market Size (MTPA)*

4.4%

5.1%

4.4%

3.7%

5.3%

1,60,000

1,40,000

1,70,000

2,00,000

2,10,000

FY20

FY21

FY22

FY23

FY24

•

Volumes for Seamless pipes grew by ~8x over years resulting in market share increase from 1.6% in FY20 to 8.0% in FY24 for Seamless Pipes on account of backward integration and addition of smaller sizes of tubes

• Welded Pipes saw an increase in market share from 4.4% in FY20 to 5.3% in FY24 on the back of capacity addition of higher dia pipes

• Overall company’s market

share improved from 3.6% in FY20 to 6.2% in FY24

• We aim to further

increase our market share with addition of new value-added products and increasing our market penetration

*Source Crisil MI&A industry

Venus Pipes Market Share

Geographical Expansion

Exports in More than 30+ Countries

Contribution from Export Revenue (In Crs)

Share of Exports % of total revenue

35.3%

338

10.5%

12.3%

4.8%

5.4%

FY21

FY22

FY23

FY24

FY25

3.4%

6 FY20

Increase in Capacity

Value Added Products

Strong Dealership Network

Geographical Expansion

Revenue Split across Segment – Q4 & FY25

Seamless (in ₹ Cr)

Welded (in ₹ Cr)

Others (in ₹ Cr)

Total (in ₹ Cr)

+18%

543.4

459.7

+12%

349.4

313.2

+124%

65.7

+19%

958.5

802.2

+22%

124.0

151.5

+1%

89.2

89.9

+53%

29.3

16.7

10.9

+15%

224.1

258.1

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

40%

Q4FY24

55%

35%

Q4FY25

39%

FY24

59%

57%

36%

FY25

57%

Seamless

Welded

Others

Seamless

Welded

Others

Revenue Split across Geographies – Q4 & FY25

Domestic (in ₹ Cr)

Exports (in ₹ Cr)

Total (in ₹ Cr)

-12%

703.5

620.4

+243%

338.1

+19%

958.5

802.2

-26%

196.8

145.6

+312%

112.5

98.7

27.3

+15%

224.1

258.1

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

12%

Q4FY24

44%

Q4FY25

56%

12%

35%

FY24

FY25

88%

Domestic

Exports

✓ Domestic sales continue to be impacted by subdued private and government sector capex. However, with New Order wins particularly in critical industries in the domestic market, we are optimistic about the growth for FY26 & beyond ✓ Our confidence

is driven by increasing market share gains from unorganized players and the upcoming launch of fittings and value-added products, which will strengthen our position as a comprehensive piping solutions provider for customers

other

✓ Exports witnessed more than threefold growth on year-on- year basis for the year, driven by strong global demand for our products and our continued efforts expand market to penetration

65%

Key Financial Highlights – Q4 & FY25

Revenue (in ₹ Cr)

EBITDA (in ₹ Cr)

PAT (in ₹ Cr)

+19%

958.5

802.2

+15%

167.6

146.3

+8%

85.9

92.9

+15%

224.1

258.1

-8%

45.0

41.6

-5%

25.0

23.7

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

Gross Profit Margin

EBITDA Margin

PAT Margin

31.6%

33.4%

28.3%

33.3%

20.1%

16.1%

18.2%

17.5%

11.2%

9.2%

10.7%

9.7%

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

Q4FY24

Q4FY25

FY24

FY25

Profit & Loss Account

Profit and Loss (in ₹ Cr)

Revenue from Operations

Cost of Goods Sold

Gross Profit

Gross Profit Margins (%)

Employee Cost

Other Expenses

EBITDA

EBITDA Margins (%)

Other Income

Depreciation

EBIT

Finance Cost

Profit before Tax

Tax

Profit After Tax

PAT Margins (%)

Cash PAT

Cash PAT Margins (%)

Q4FY25

Q4FY24

258.1

172.0

86.1

33.4%

10.3

34.2

41.6

224.1

153.2

70.9

31.6%

6.6

19.3

45.0

YoY

15.2%

21.4%

170 bps

-7.6%

Q3FY25

231.3

155.3

76.0

32.9%

10.3

28.5

37.2

16.1%

20.1%

-400 bps

16.1%

5.0

4.8

41.8

9.4

32.4

8.7

23.7

9.2%

28.5

11.0%

0.1

3.8

41.3

7.5

33.8

8.8

25.0

11.2%

28.8

12.9%

1.1%

-4.2%

-5.3%

-200 bps

-1.1%

-190 bps

0.9

4.8

33.3

9.1

24.2

6.2

18.0

7.8%

22.8

9.9%

QoQ

11.6%

13.3%

50 bps

11.8%

Flat

25.5%

33.9%

31.7%

140 bps

25.0%

110 bps

FY25

958.5

639.5

319.0

33.3%

38.0

113.4

167.6

17.5%

10.7

18.5

159.8

34.4

125.4

32.5

92.9

9.7%

111.4

11.6%

FY24

802.2

575.3

226.9

YoY

19.5%

40.6%

28.3%

500 bps

22.4

58.2

146.3

18.2%

3.2

11.8

137.7

22.1

115.6

29.7

85.9

10.7%

97.7

12.2%

14.6%

-70 bps

16.0%

8.5%

8.1%

-100 bps

14.0%

-60 bps

Balance Sheet

Assets (in ₹ Cr)

Non - Current Assets

Property Plant & Equipment

CWIP

Intangible assets

Other Financial Assets

Other Non - Current Assets (Net)

Current Assets

Inventories

Financial Assets

(i) Investments

(ii)Trade receivables

(ii)Cash and cash equivalents

(iii)Bank balances other than cash and cash equivalents

Other Financial Assets

Other Current Assets

Total Assets

Mar-25

Mar-24

Equity & Liabilities (in ₹ Cr)

Mar-25

Mar-24

395.7

308.8

66.5

0.7

5.3

14.4

612.6

342.8

3.4

192.0

2.9

10.1

2.6

58.8

1,008.3

302.2

281.0

12.1

0.9

2.6

5.6

455.3

226.0

3.1

177.1

1.0

6.6

2.2

39.3

757.5

Total Equity

Share Capital

Reserves & Surplus

Non-Current Liabilities

Financial Liabilities

Borrowings

Provisions

Deferred Tax Liabilities

Current Liabilities

Financial Liabilities

(i) Borrowings

(ii) Trade Payables

(iii) Other Financial Liabilities

Other Current Liabilities

Current tax liabilities (net)

Provisions

Total Equity & Liabilities

531.4

20.4

511.0

42.1

28.0

1.8

12.3

406.1

20.3

385.8

42.5

34.0

1.1

7.4

434.8

308.9

163.5

240.0

7.3

5.0

18.9

0.1

115.3

173.8

5.4

4.6

9.7

0.1

1008.3

757.5

Cashflow Statement

Particulars (in ₹ Cr)

Net Profit Before Tax

Adjustments for: Non - Cash Items / Other Investment or Financial Items

Operating profit before working capital changes

Changes in working capital

Cash generated from Operations

Direct taxes paid (net of refund)

Net Cash from Operating Activities

Net Cash from Investing Activities

Net Cash from Financing Activities

Net Decrease in Cash and Cash equivalents

Add: Cash & Cash equivalents at the beginning of the period

Cash & Cash equivalents at the end of the period

Mar-25

Mar-24

125.4

44.4

169.8

-82.8

87.0

18.3

68.7

-114.2

47.4

1.9

1.0

2.9

115.6

29.7

145.3

-73.0

72.3

20.1

52.2

-99.7

37.8

-9.7

10.7

1.0

Management Commentary

Arun Kothari Managing Director

Commenting on the Q4 & FY25 performance of the company Mr. Arun Kothari, Managing Director for Venus Pipes & Tubes Limited Said,

“We are pleased to report a strong overall performance for FY25, with revenues reaching Rs. 958.5 crores — a growth of 19.5% compared to the same period last year. EBITDA grew by 14.6% to Rs. 167.6 crores, while PAT increased by 8.1%, standing at Rs. 92.9 crores.

This year marked a significant phase of capacity ramp-up and the introduction of new value-added product lines. We also focused on strengthening our leadership team by onboarding experienced talent at senior levels to reinforce our brand and support our expansion efforts.

Despite global uncertainties in the latter part of the fiscal year, our exports grew more than threefold. We continue to deepen our presence in key international markets such as Europe, the United States, and the Middle East, and remain optimistic about sustaining this momentum into FY26. Our robust domestic presence continues to provide a natural hedge against global volatility.

We enter FY26 with a strong order book, including a significant new contract from one of India’s leading integrated power plant equipment manufacturers. We have also operationalized our new capacity for value-added welded pipes. With the introduction of fittings products in the second half of the year, we will be among the few players offering a comprehensive range of piping solutions to our customers.

Looking ahead, we remain focused on executing our growth strategy with agility and resilience. With a strong foundation in place, we are confident in delivering sustained value to all our stakeholders”

HISTORICAL FINANCIAL HIGHLIGHTS

Key Historical Financials

Revenue (in ₹ Cr)

EBITDA (in ₹ Cr)

PAT (in ₹ Cr)

959

+33%

802

552

387

309

+48%

146

168

+41%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Gross Profit Margin

EBITDA Margin

PAT Margin

33.3%

28.3%

18.2% 17.5%

12.7% 12.5%

11.2%

10.7%

9.7%

7.6%

8.2%

8.0%

18.6% 19.5%

15.5%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Historical Profit & Loss Account

Profit and Loss (in ₹ Cr)

Revenue from Operations

Cost of Goods Sold

Gross Profit

Gross Profit Margins (%)

Employee Cost

Other Expenses

EBITDA

EBITDA Margins (%)

Depreciation

Other Income

EBIT

Finance Cost

Profit before Tax

Tax

Profit After Tax

PAT Margins (%)

FY25

958.5

639.5

319.0

33.3%

38.0

113.4

167.6

17.5%

18.5

10.7

159.8

34.4

125.4

32.5

92.9

9.7%

FY24

802.2

575.3

226.9

28.3%

22.4

58.2

146.3

18.2%

11.8

3.2

137.7

22.1

115.6

29.7

85.9

10.7%

FY23

552.4

444.6

107.8

19.5%

10.2

28.5

69.1

FY22

386.9

315.0

71.9

18.6%

6.2

16.4

49.3

12.5%

12.7%

1.9

2.4

69.5

9.8

59.7

15.5

44.2

8.0%

1.4

2.1

49.9

7.1

42.9

11.2

31.7

8.2%

FY21

309.3

261.5

47.9

15.5%

3.2

9.9

34.8

11.2%

1.0

2.7

36.5

5.6

31.0

7.32

23.6

7.6%

CAGR

32.7%

60.6%

1,800 bps

48.1%

630 bps

44.7%

41.8%

41.1%

220 bps

Historical Balance Sheet

Assets (in ₹ Cr)

Mar-25 Mar-24 Mar-23 Mar-22 Mar-21

Equity & Liabilities (in ₹ Cr)

Mar-25 Mar-24 Mar-23 Mar-22 Mar-21

Total Equity

Share Capital

531.4

406.1

322.2

128.5

20.4

20.3

Reserves & Surplus

511.0

385.8

301.9

Non-Current Liabilities

42.1

42.5

26.8

39.9

8.7

31.2

19.5

15.2

113.3

15.6

Non - Current Assets

395.7

302.2

206.6

Property Plant & Equipments

308.8

281.0

59.8

CWIP

66.5

12.1

121.6

Intangible assets

Other Financial Assets

0.7

5.3

Other Non - Current Assets (Net)

14.4

0.9

2.6

5.6

0.1

2.1

23.0

30.4

21.3

7.4

0.1

1.7

20.9

19.5

0.1

1.3

Financial Liabilities

(i) Borrowings

(ii) Lease Liabilities

Current Assets

Inventories

Financial Assets

(i)Investments

(i)Trade receivables

(ii)Cash and cash equivalents

(iii)Bank balances other than cash and cash equivalents

Other Financial Assets

Other Current Assets

Total Assets

612.6

455.3

300.9

217.5

116.6

Provisions

342.8

226.0

166.9

93.5

44.2

Deferred Tax Liabilities

3.4

3.1

192.0

177.1

2.9

10.1

2.6

58.8

1.0

6.6

2.2

39.3

2.9

70.5

10.8

15.2

0.1

34.5

1.4

73.5

7.3

0.7

45.1

0.1

4.4

2.6

Current Liabilities

Financial Liabilities

(i) Borrowings

(ii) Trade Payables

(iii) Lease

(iv) Other Financial Liabilities

Other Current Liabilities

Current tax liabilities (net)

41.1

20.4

Provisions

28.0

34.0

24.7

14.3

18.5

1.8

12.3

1.1

7.4

0.6

1.5

0.2

0.3

0.7

0.3

0.2

0.4

434.8

308.9

158.5

103.7

78.2

163.5

240.0

7.3

5.0

18.9

0.1

115.3

173.8

5.4

4.6

9.7

0.1

65.8

74.1

6.3

6.1

6.2

0.0

54.4

33.5

0.2

5.5

10.2

0.0

19.0

42.4

0.1

6.2

10.3

0.0

1,008.3

757.5

507.5

247.9

137.5

Total Equity & Liabilities

1,008.3

757.5

507.5

247.8

137.5

Historical Abridged Cash Flow Statement

Particulars (in ₹ Cr)

Net Profit Before Tax

Adjustments for: Non -Cash Items / Other Investment or Financial Items

Operating profit before working capital changes

Changes in working capital

Cash generated from Operations

Direct taxes paid (net of refund)

Net Cash from Operating Activities

Net Cash from Investing Activities

Net Cash from Financing Activities

Net Decrease in Cash and Cash equivalents

Add: Cash & Cash equivalents at the beginning of the period

Cash & Cash equivalents at the end of the period

Mar-25

Mar-24

125.4

44.4

169.8

-82.8

87.0

18.3

68.7

-114.2

47.4

1.9

1.0

2.9

115.6

29.7

145.3

-73.0

72.3

20.1

52.2

-99.7

37.8

-9.7

10.7

1.0

FY23

59.7

7.1

66.8

-39.4

27.4

18.7

8.7

-167.4

169.4

10.7

0.0

10.7

FY22

42.9

5.6

48.5

-97.4

-49.0

11.0

-60.0

34.1

25.8

0.0

0.1

0.0

FY21

31.0

5.1

36.1

-24.0

12.1

0.7

11.3

-2.4

-9.2

-0.3

0.4

0.1

Key Return Ratios

ROE*

Debt / Equity Ratio

ROCE^

25%

0.5

21%

19%

35%

31%

32%

31%

0.4

0.3

FY22

FY23

FY24

FY25

FY22

FY23

FY24

FY25

FY22

FY23

FY24

FY25

ROE = PAT / Shareholder’s Equity D/E = Total Debt / Shareholder’s Equity ROCE = EBIT / Tangible Net worth + Non-Current Liabilities

*Excluding Rs. 107.9 crores raised via IPO for Capacity expansions for FY 2022-23 and Rs. 35.06 crores raised via Share Warrant for FY 2024-25 ^Excluding CWIP from Total Capital Employed from FY23 to FY25

Capex Update

Capex Update 1 : Foraying into Fittings Solutions

Expanding offerings to include comprehensive range of fittings solutions Building on our reputation and execution track record, we are diversifying our product portfolio to encompass a wide selection of fittings , leveraging our expertise to provide complete PFF (Piping, Fittings & Flanges) solutions to our customers across industries

Faster approval on back of proven track record of serving diverse clients Our longstanding commitment in delivering top-notch solutions to our clients has earned us a loyal clientele base with trust, which will enable us in getting faster approvals

Complementary to pipes business, low competition a strategic advantage Fittings represent a value-added product line that complements our pipes business, with only a handful of competitors in the industry. This advantageous position provides us with a strategic edge over competition allowing us to offer a basket of products and increasing our SKUs to position ourselves as complete fittings solutions provider

Existing wastages/scrap key raw material for fittings solutions Internal wastages generated from pipes business will form a part of raw material used for fittings business along with wastage procurement from other players, allowing us to save high raw material costs thereby enhancing our profitability

Fitting companies play a vital role in facilitating the efficient operation of industrial processes by providing high-quality fittings that enables the seamless flow and control of fluids and gases within complex piping systems

Fitting Project – Key Highlights

Product Range

Wide range of fittings such as elbows, tees, reducers, joints, flanges etc. designed to meet the specific requirements of different industries and applications

Material Expertise

We will work with various metals to ensure compatibility with the substances being transported and environmental conditions

Customization

Quality Assurance

We will provide customization services to tailor fittings according to clients' specifications, which may involve modifications in size, shape, material, or other parameters

Strict quality control standards to ensure the reliability, durability, and safety of their products, while complying with industry regulations and certifications

Faster approvals expected, given our strong relations and proven track record of delivering quality products

Capex Update 2 : Value added Welded Tubes

Description

Details

Impact

Value Added Product Line

Introducing a specialised product line of stainless and titanium welded tubes aimed at enhancing our competitive edge and profitability

Capacity Expansion

Low Competition

These specialized tubes represent critical innovation in an industry where such products are manufactured by only a select few players High precision engineering which makes it difficult for other players to enter the market

Revenue Growth & Margin Improvement

High reliability in critical applications

These value-added tubes are crafted to meet the demanding industrial requirements, boasting exceptional strength, precision, and resistance to corrosion

Increased Market Dominance

Increased sector outreach

We will manufacture both – Hygienic SS & Titanium grade of Tubes allowing us to diversify into sectors requiring critical application such as food processing, pharma along with nuclear and power sector as well

Value Added Premium Products

Financial Contours

Phase 1*

Phase 2

Funding

Project Details

Fittings & Welded Tubes

Seamless Pipes / Tubes and Piercing Line

Margins (%)

High teens

Asset Turnover

Similar to current asset turns

Return Ratios

Non-Dilutive

Total Project Cost stands at Rs 175 crores and commencement of the same is expected by H2FY26

~40% In form of warrants to be issued to Promoters & others

~60% In form of term loan from Banks & Internal accruals

Foraying into these value-added product lines present a high Return on Capital Employed (ROCE) opportunity for the company, poised to amplify profitability and drive sustained financial growth

*Company has operationalized capacity of 3,600 MTPA of Welded Tubes in May 2025; Fittings capacity set up to be completed in H2FY26

Company Overview

Product Portfolio & Applications

Products manufactured are as per the International Standards to cater both Domestic & International markets

Stainless Steel High Precision and Heat Exchanger Tubes

Stainless Steel Hydraulic and Instrumentation Tubes

Stainless Steel Seamless Pipes

Stainless Steel Welded Pipes

Stainless Steel Box Pipes

• Heat Exchangers • Pressure Vessels • Chemical and Fertilizer

• Marine Equipment’s • Refinery and Petrochemical • Process Industry

• Dairy/Pharmaceutical

industry

• Nuclear Power Generation • Automotive

• Aerospace

• Nuclear & Thermal Power

generation • Oil and Gas • Process Industries

• Chemical and Fertilizer • Nuclear Power • Food & Beverage Processing

• Automotive • Aerospace • Medical and Pharmaceutical

Applications

• Onshore and Offshore Oil and Gas Production, Exploration and Transport

•

(OCTG – Oil Country Tubular Goods)

• Chemical & Petrochemical

• Energy and Power • Mechanical and Plant

Engineering

• Marine Equipment’s

• Pulp & Paper • Pharmaceutical Industry

• Chemical & Petrochemical • Gas Industry • Power Generation

• Mechanical and Plant

Engineering

• Marine Equipment’s • Pulp & Paper

• Pharmaceutical Industry

• Multiple industries especially

for industries having structural fittings like • Factories • Warehouses

• Temporary structures

Multiple End User Industry

e s U d n E d e

i f i s r e v D

Chemical

Engineering

Fertilizers

Pharmaceutical

Power

Food Processing

Paper

Oil & Gas

Aerospace

State of the Art Infrastructure…

Strategically located Manufacturing facility at Dhaneti (Kutch) within proximity of Kandla & Mudra ports for enabling imports and exports

Facility on a land measuring 2,02,545 Sq. Mt.

…with Stringent Quality Inspection & Testing

Rigorous testing system for our products to Ensure Finest Quality is delivered for our products

Tensile Test

Hydro-static Test

Hardness Test

Eddy Current Test

Quality Tests

IGC Test

Air under Water Test

s t s e T e v i t c u r t s e D

Reverse-bend Test

Flattening, Flaring & Flange Test

Spectro Test

Borescopic Test

N o n - D e s t r u c t i v e T e s t s

Marquee Clientele

Awards & Certifications

Calendar Years

Certifications & Accreditations

2016

2017

2018

2022

Our manufacturing facilities at Dhaneti have been accredited with management system standards certificate for compliance with ISO 9001: 2015 & ISO 14001:2015 requirements

Our Company has been verified and recognized as material manufacturer according to AD 2000 - Merkblatt W0 by The TÜV NORD Systems GmbH & Co. KG.

Our Company has been certified as quality-assurance system related to the material by The TÜV NORD Systems GmbH & Co. KG.

Our Company has received approval for manufacturing of Carbon Steel, Alloy Steel, Stainless Steel Welded & Seamless Pipes up to 400 mm NB / Tubes up to 101.60 mm O.D. & U-Tubes under inspection of Indian Boiler Regulations – 1950 from the Office of the Director of Boiler, Gujarat.

Our manufacturing facilities at Dhaneti have been accredited with management system standards certificate for compliance with ISO 45001: 2018

Our company received approval of Bureau of Indian Standard (BIS) for Stainless steel Seamless and Welded Pipes and Tubes

IBR Certificate

TUV – AD 200 Merkblatt W0

ISO Certificate

BIS Certification for Seamless Pipes

BIS Certification for Welded Pipes

Experienced Board of Directors

Arun Kothari Chairman & Managing Director

Jayantiram M Choudhary

Whole Time Director

Megharam S Choudhary

Whole Time Director

Dhruv M Patel

Whole Time Director

Associated with the Company since 2021 as a Director. A qualified Chartered Accountant and holds a bachelor’s degree in commerce from Rajasthan University

Associated with the Company since its incorporation. Over 13 years of experience in the steel industry

Associated with our Company since its incorporation. Over 18 years of experience in the stainless steel welded pipes and tubes industry.

Associated with the Company since 2015. Holds a bachelor’s degree in engineering from University of Pune and a master’s degree in technology from CEPT University.

Kailash Nath Bhandari

Independent Director

Pranay Ashok Surana

Independent Director

Komal Lokesh Khadaria

Independent Director

Shyam Agarwal

Independent Director

Bachelor’s degree in law from Jodhpur University and has over 21 years of experience in the insurance sector. On the Board of Hindalco Industries Limited as an independent director

Masters in engineering from the Indian Institute of Technology, Bombay. Founder of Flyrobe and has been featured on the coveted Forbes 30 under 30 in the Asia list (2017) and in the India list (2019).

Member of Institute of Companies Secretaries of India (“ICSI”) and holds a bachelor’s degree in commerce. Holding 12 years of experience and has held the position of Chairperson of Surat Chapter of ICSI

Doctorate in law from University of Rajasthan and has over 18 years of experience. A member of the quality review board of the ICAI, New Delhi; and Chairman and independent director of ICMAI Registered Valuers Organization, New Delhi.

Strong Management Team

Arun Kothari Chairman & Managing Director

Associated with the Company since 2021 as a Director. A qualified Chartered Accountant and holds a bachelor’s degree in commerce from Rajasthan University

Jayantiram M Choudhary

Whole Time Director

Associated with the Company since its incorporation. Over 13 years of experience in the steel industry

Megharam S Choudhary

Whole Time Director

Associated with our Company since its incorporation. Over 18 years of experience in the stainless steel welded pipes and tubes industry.

Dhruv M Patel

Whole Time Director

Associated with the Company since 2015. Holds a bachelor’s degree in engineering from University of Pune and a master’s degree in technology from CEPT University.

Kunal Bubna Chief Financial Officer

Associated with the Company since July 2021. Is a fellow member of the Institute of Chartered Accountants of India and the ICSI with more than 17 years of experience.

Pavan Kumar Jain Company Secretary and Compliance Officer

Associated with us as manager (finance and accounts) since August 2020. A qualified company secretary holding 6 years of experience in finance, accounting and secretarial work

Kumar Shishir C Sinha President (Marketing)

With our Company since March 01, 2021. Holds a degree of bachelors in arts from Magadh University and has over 33 years of experience in the stainless- steel pipes and tubes

STRATEGIES TO SUPPORT GROWTH

Capacity Expansion & Backward Integration

Capacity Expansion for Finished Products (MTPA)

Completed Capacity Expansion

~6x Capacity Expansion

38,400

3.5x

42,000

Particulars

Current

Size (mm)

Capacity

Size (mm)

Capacity

24,000

27,600

Seamless

6 – 114.3

3,600 MTPA

6 – 219.3

14,400 MTPA

Welded

6 – 219.3

8,400 MTPA

6 – 1,422.4

27,600 MTPA

6,900

4,800 2,100 FY19

9,300

7,200

2,100 FY20

10,800

7,200

3,600

FY21

7,200

3,600

FY22

12,000

8,400

3,600

FY23

14,400

FY24

FY25

FY26

To Cater to increasing demand in the Domestic & Export Markets

Mother Hollow (Backward Integration for Seamless Pipes)

~14,400 MTPA

With some additional cost & modifications, the company can now produce Mother Hollow Pipes up to ~14,400 MT

Upcoming Capacity Expansion

Phases

Phase 1 : Setting up of value-added Fittings & Welded Tubes

Capex

Rs 115 Crores

Timelines

Operationalized capacity of 3,600 MTPA of Welded Tubes in May 2025; Fittings capacity set up to be completed by H2FY26

Phase 2 : Setting up of value-added Fittings, Welded / Seamless – Pipes / Tubes

Rs 60 Crores

H2FY26

Key Takeaways

Capacity Expansion

Geographical Expansion

Brand Value

Expanding our existing manufacturing capacity for welded pipes/tubes (including titanium grade) and seamless pipes/tubes; and foraying into value added fittings business

We intend to leverage our existing relationships to further deepen our presence in the European Union market and make in roads in US, Middle East and African markets

We intend to make consistent efforts to strengthen our brand “Venus” and enhance our brand visibility for attaining parity with our industry peers.

Backward Integration Installed piercing line for manufacturing of hollow pipes with the capacity of 14,400 MTPA, as our backward integration strategy. With the piercing plant, we are now able to produce hollow pipes from SS round bar

Better Efficiency Installed an acid regeneration plant (“ARP”) where the consumption of acid in our manufacturing process will get reduced, which in turn improve our operating margins

Thank You

Venus Pipes & Tubes Limited

CIN: L74140GJ2015PLC082306 Mr. Kunal Bubna ( Chief Financial Officer ) cs@venuspipes.com

Strategic Growth Advisors Private Limited

CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Ayush Haria sagar.shroff@sgapl.net / ayush.haria@sgapl.net +91 98205 19303 / +91 98204 62966

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