Venus Pipes & Tubes Limited has informed the Exchange about Investor Presentation
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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2
3
4
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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
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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