VENUSPIPESNSE12 August 2025

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

Venus Pipes & Tubes Limited

Date: 12/08/2025

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: Q1 FY26 Investor Presentation

With reference to above captioned subject, please find attached Q1 FY26 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 Q1 FY26 Investor Presentation

Safe Harbour

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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

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Operational & Financial Highlights

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Key Highlights

Q1 FY26 Financial Highlights

All time high revenues of INR 276.4 Cr in Q1 FY26 despite global uncertainties

Revenue

EBITDA

PAT

INR 276.4 Cr

+15.1 % YoY

INR 44.9 Cr

16.2% EBITDA Margin

INR 24.8 Cr

9.0% PAT Margin

Q1 FY26 Operational Highlights

✓ Revenue from Seamless Pipes/Tubes witnessed a growth of 13% and Welded Pipes/Tubes witnessed growth of 10% for Q1FY26

on year-on-year basis

✓ Exports revenue stood at INR 103.1 Cr, growing by 69% during the quarter compared to same period last year, forming 37.3% of

revenue

✓ Order flow continues to be strong with high enquiries from Power sector ✓ Our capacity expansion for fittings project and seamless pipes along with piercing line remains on track to commence

operations from H2 FY26

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Revenue Split across Segment – Q1 FY26

Seamless Pipes

Welded Pipes

Others

Total

+13%

153.0

135.8

+10%

103.6

94.1

+94%

19.8

10.2

+15%

276.4

240.1

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Revenue Contribution (%)

4%

7%

39%

Q1FY25

57%

35%

Q1FY26

55%

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INR Cr unless specified

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Seamless

Welded

Others

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Revenue Split across Geographies – Q1 FY26

Domestic

Exports

Total

-3%

179.2

173.3

+69%

103.1

60.9

+15%

276.4

240.1

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Revenue Contribution (%)

25%

Q1FY25

75%

Domestic

Exports

37%

Q1FY26

63%

INR Cr unless specified

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Key Financial Highlights – Q1 FY26

Revenue

EBITDA

PAT

240.1

276.4

47.9

44.9

27.5

24.8

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Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

EBITDA Margin

PAT Margin

20.0%

11.5%

16.2%

9.0%

INR Cr unless specified

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Q1FY25

Q1FY26

Q1FY25

Q1FY26

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Profit & Loss Account

Profit and Loss Statement

Q1FY26

Q1FY25

YoY

Q4FY25

QoQ

Revenue from Operations

276.4

240.1

15.1%

Cost of Goods Sold

Gross Profit

Employee Cost

Other Expenses

EBITDA

185.6

90.8

11.7

34.2

44.9

161.0

79.1

8.4

22.8

47.9

14.8%

-6.3%

258.1

172.0

86.1

10.3

34.2

41.6

7.1%

FY25

958.5

FY24

802.2

YoY

19.5%

639.5

575.3

5.5%

319.0

226.9

40.6%

38.0

113.4

22.4

58.2

7.9%

167.6

146.3

14.6%

EBITDA Margins (%)

16.2%

20.0%

-370 bps

16.1%

+10 bps

17.5%

18.2%

-70 bps

Other Income

Depreciation

EBIT

Finance Cost

Profit before Tax

Tax

Profit After Tax

PAT Margins (%)

INR Cr unless specified

3.9

5.2

43.6

9.8

33.8

9.0

24.8

9.0%

1.0

4.3

44.6

-2.2%

7.7

36.9

9.4

27.5

-8.4%

-9.8%

5.0

4.8

41.8

9.4

32.4

8.7

23.7

10.7

18.5

4.3%

159.8

34.4

4.3%

125.4

32.5

92.9

4.5%

3.2

11.8

137.7

22.1

115.6

29.7

85.9

16.0%

8.5%

8.1%

11.5%

-250 bps

9.2%

-20 bps

9.7%

10.7%

-100 bps

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From MD’s Desk

Arun Kothari Managing Director

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Commenting on the Q1 FY26 performance of the company Mr. Arun Kothari, Managing Director for Venus Pipes & Tubes Limited said,

“We are pleased to report a robust performance for the quarter, achieving an all-time high quarterly revenue of INR 276.4 Cr, reflecting a growth of 15.1%. EBITDA stood at INR 44.9 Cr, translating to healthy margins of 16.2%. This achievement comes despite the prevailing global uncertainties surrounding trade tariffs and supply chain challenges. Notably, our export business remained resilient, contributing 37.3% of total revenues, underscoring the strength of our presence in international markets and the trust in our product quality.

We remain optimistic about our growth trajectory, supported by our diversified market reach, strong customer relationships, and proven execution capabilities. At the same time, we remain vigilant of the evolving global economic environment and will continue to adapt our strategies accordingly.

Our continued approvals from leading customers across industries reaffirm the superior quality and reliability of our products. Demand from the power sector has shown encouraging momentum, further strengthening our healthy order book and providing clear visibility for sustained growth.

In closing, with a strong order pipeline and a focus on innovation and operational excellence, we are well-positioned to capitalize on emerging opportunities, navigate challenges with agility, and deliver long-term value to our stakeholders.”

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Company Overview

About US - Venus Pipes & Tubes Limited

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80+ Clientele base out of Fortune 500 Companies in India

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

Exports to more than 30+ Countries

Diversified End user Industries

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

41% PAT CAGR from FY20 to FY25

Core Values

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

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

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Diversified Product Range used across Industries

Stainless Steel High Precision and Heat Exchanger Tubes

Stainless Steel Hydraulic and Instrumentation Tubes

Stainless Steel Seamless Pipes

Heat Exchangers, Pressure Vessels, Chemical and Fertilizer, Marine Equipment’s, Refinery and Petrochemical, Process Industry, Dairy/Pharmaceutical industry, Nuclear Power Generation, Automotive and Aerospace

Nuclear & Thermal Power generation, Oil and Gas, Process Industries, Chemical and Fertilizer, Nuclear Power, Food & Beverage Processing, Automotive, Aerospace and Medical & Pharmaceutical

Onshore and Offshore Oil and Gas Production, Exploration and Transport, Chemical & Petrochemical, Energy and Power, Mechanical and Plant Engineering, Marine Equipment’s, Pulp & Paper and Pharmaceutical Industry

Stainless Steel Welded Pipes

Stainless Steel LSAW Pipe

Stainless Steel Condenser Tubes

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Chemical & Petrochemical, Gas Industry, Power Generation, Mechanical and Plant Engineering, Marine Equipment’s, Pulp & Paper and Pharmaceutical Industry

Onshore and Offshore Oil and Gas Production, Exploration and Transport (OCTG – Oil Country Tubular Goods), Chemical & Petrochemical, Energy and Power Generation, Mechanical and Plant Engineering, Water and Waste-Water Management

Refinery and Petrochemical, Process Industry, Dairy, Pharmaceutical, Boiler, Heat exchanger & Automotive

Adding Capacities for Higher Grade of Pipes & Tubes, used in critical applications

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Upcoming Product Expansion into Fittings

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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

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

Quality Assurance 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

Commencement of Operations of Fittings Capacity in H2 FY26

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Integrated State of Art Manufacturing Facility

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2,02,545 Sq. Mt.

27,600 MTPA

14,400 MTPA

14,400 MTPA

Plant Area

Welded Pipes Capacity

Seamless Pipes Capacity

Piercing Line Capacity

✓ Strategically located Manufacturing facility at Dhaneti (Kutch) within proximity of Kandla & Mudra ports

✓ Equipped with Acid Regeneration Plant for reduction of acid consumption

✓ Backward Integrated with capacity of Piercing Line for manufacturing of Mother Hollow Pipes, used for manufacturing of Seamless Pipes

Facility is in line as per International Standards with all necessary approvals to cater to clients globally

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Presence Across the Globe

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Exports in More than 30+ Countries

Exports Revenue

(INR Cr)

Revenue Contribution

6 FY20

3.4%

15

FY21

40

FY22

4.8%

10.5%

30

FY23

5.4%

~56x

99

FY24

338

FY25

12.3%

35.3%

Strong Dealership Network

Quality Products

Dedicated Expansion Team

Geographical Expansion

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Continuous Capacity Expansion to Serve Growing Demand

Capacity Expansion for Finished Products (MTPA)

Welded

Seamless

~6x Capacity Expansion

38,400

38,400

3.5x

42,000

24,000

24,000

27,600

01

Seamless Pipes Increased SKUs by adding capacity for higher dia pipes from 6mm to 114.3 mm to 6mm to 219.3 mm

02

Welded Pipes Increased SKUs by adding capacity for higher dia pipes from 6mm to 219.3 mm to 6mm to 1,422.4 mm

6,900

4,800 2,100 FY19

9,300

7,200

2,100 FY20

10,800

10,800

7,200

3,600

FY21

7,200

3,600

FY22

12,000

8,400

3,600

FY23

14,400

14,400

14,400

FY24

FY25

Current

To Cater to increasing demand in the Domestic & Export Markets

03

Backward Integration Installed Piercing line for manufacturing of Mother Hollow Pipes with current capacity of 14,400 MTPA which is backward integration for Seamless Pipes

New Capacity Addition (Value Added Products)

Phases

Timelines

Phase 1 : Value-added Fittings & Welded Tubes

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

Phase 2 : Value-added Fittings, Welded / Seamless – Pipes / Tubes along with Piercing Line

H2FY26

Total Capex for New Capacity Addition is ~ INR 175 Cr

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What Sets Us Apart

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1

2

3

4

5

Niche Player of Stainless-Steel Pipes & Tubes

✓ Niche manufacturer of stainless-steel pipes and tubes, which are superior to other categories of

pipes due to their corrosion resistance, durability, and lower maintenance

✓ This niche focus allows the company to deliver high-reliability solutions for critical industries

Strong Background of Promoters

✓ Promoter group brings rich experience across domains such as stainless-steel trading, engineering,

and finance

✓ This diverse expertise enables holistic decision-making, cost efficiency, and technical excellence

Value-Added and Customised Products

✓ Broad range of SKUs designed for specific customer needs ✓ Adding value-added products which are used in demanding applications with stringent compliance. This creates differentiation and strong entry barriers for smaller players

Expansive Domestic and Global Reach

✓ Presence across all states in India ✓ Exporting to 30+ countries across the globe with dedicated region wise marketing and BD team and

strong local dealer tie-ups

Strong and Growing Customer Relationships

✓ Built trusted relationships with our clients in a short span of time which has helped secure approvals

from leading players across industries we cater to

✓ These relationships ensure steady repeat business and long-term value creation

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End User Industry

Chemical

Engineering

Fertilizers

Heat Exchanger

Pharmaceuticals

Power

Food Processing

Nuclear

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Paper

Oil & Gas

Aerospace

Automobiles

Products Used Across Industries

Presence across Industries with critical application

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Marquee Clientele

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Logos Are The Property Of Their Respective Owners

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Awards & Accolades

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Calendar Years

Certifications & Accreditations

2016

2017

2017

2018

2018

2022

2025

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

Accredited in accordance with the standard ISO/IEC 17025:2017, Venus’ manufacturing facilities at Dhaneti received the NABL accreditation for Competence of Testing & Calibration Laboratories in the field of Testing.

IBR Certificate

TUV – AD 200 Merkblatt W0

ISO Certificate

BIS Certification for Seamless Pipes

BIS Certification for Welded Pipes

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Board of Directors

Arun Kothari

Jayantiram M Choudhary

Megharam S Choudhary

Chairman & Managing Director

Whole Time Director

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

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

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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 in one of the company’s of Hindalco Group 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

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Strong Management at Helm

Arun Kothari

Jayantiram M Choudhary

Megharam S Choudhary

Chairman & Managing Director

Whole Time Director

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

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

Pavan Kumar Jain

Chief Financial Officer

CS and Compliance 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.

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

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Historical Financial Highlights

Key Historical Financials

Revenue

EBITDA

PAT

959

+33%

802

552

387

309

+48%

146

168

+41%

86

93

69

49

35

44

32

24

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

EBITDA Margin (%)

PAT Margin (%)

12.7%

12.5%

11.2%

18.2% 17.5%

7.6%

8.2%

8.0%

10.7%

9.7%

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INR Cr unless specified

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FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Historical Profit & Loss Account

Profit and Loss

Revenue from Operations

Cost of Goods Sold

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Gross Profit

Employee Cost

Other Expenses

EBITDA

EBITDA Margins (%)

Depreciation

Other Income

EBIT

Finance Cost

Profit before Tax

Tax

Profit After Tax

PAT Margins (%)

INR Cr unless specified

FY25

958.5

639.5

319.0

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

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

10.2

28.5

69.1

12.5%

1.9

2.4

69.5

9.8

59.7

15.5

44.2

8.0%

FY22

386.9

315.0

71.9

6.2

16.4

49.3

12.7%

1.4

2.1

49.9

7.1

42.9

11.2

31.7

8.2%

FY21

309.3

261.5

47.9

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%

48.1%

630 bps

44.7%

41.8%

41.1%

220 bps

25

Historical Balance Sheet

Assets

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

Equity & Liabilities

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

Non - Current Assets

395.7

302.2

206.6

30.4

20.9

Property Plant & Equipment

308.8

281.0

59.8

CWIP

Intangible assets

Other Financial Assets

66.5

0.7

5.3

Other Non - Current Assets (Net)

14.4

12.1

0.9

2.6

5.6

121.6

0.1

2.1

23.0

21.3

7.4

0.1

1.7

-

19.5

-

0.1

1.3

-

Total Equity

Share Capital

Reserves & Surplus

Non-Current Liabilities

Financial Liabilities

531.4

406.1

322.2

128.5

39.9

20.4

511.0

42.1

20.3

20.3

385.8

301.9

42.5

26.8

15.2

113.3

15.6

8.7

31.2

19.5

(i) Borrowings

28.0

34.0

24.7

14.3

18.5

612.6

455.3

300.9

217.5

116.6

Provisions

342.8

226.0

166.9

93.5

44.2

Deferred Tax Liabilities

(ii) Lease Liabilities

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Current Assets

Inventories

Financial Assets

(i)Investments

3.4

3.1

2.9

1.4

-

(i)Trade receivables

192.0

177.1

70.5

73.5

45.1

(ii)Cash and cash equivalents

(iii)Bank balances other than cash and cash equivalents

Other Financial Assets

2.9

10.1

2.6

1.0

6.6

2.2

10.8

15.2

0.1

Other Current Assets

58.8

39.3

34.5

-

7.3

0.7

41.1

0.1

4.4

2.6

20.4

-

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

115.3

173.8

-

7.3

5.0

18.9

0.1

-

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

0.1

6.2

10.3

0.0

Current Liabilities

Financial Liabilities

(i) Borrowings

(ii) Trade Payables

(iii) Lease

(iv) Other Financial Liabilities

Other Current Liabilities

Current tax liabilities (net)

Provisions

Total Assets

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

INR Cr unless specified

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Historical Abridged Cash Flow Statement

d e t i

m

i L s e b u T & s e p P s u n e V

i

Particulars

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

Mar-25

Mar-24

125.4

44.4

169.8

-82.8

87.0

18.3

68.7

115.6

29.7

145.3

-73.0

72.3

20.1

52.2

FY23

59.7

7.1

66.8

-39.4

27.4

18.7

8.7

Net Cash from Investing Activities

-114.2

-99.7

-167.4

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

47.4

1.9

1.0

2.9

37.8

-9.7

10.7

1.0

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

INR Cr unless specified

27

Key Return Ratios

d e t i

m

i L s e b u T & s e p P s u n e V

i

RoE*

25.0%

Debt / Equity Ratio

ROCE^

21.0%

21.0%

19.0%

0.5

0.4

0.4

0.3

34.7%

31.0%

32.0%

30.7%

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

28

Thankyou

For further Information, please connect :

Venus Pipes & Tubes Limited

Strategic Growth Advisors Private Limited

CIN: L74140GJ2015PLC082306 cs@venuspipes.com

For more information visit www.venuspipes.com

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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