Shares of Venus Pipes & Tubes climbed 5.66% to hit an intraday high of ₹1,519 on the NSE on Wednesday following the announcement of Q4 and FY26 financial results. According to reports from Business Standard, the stock was trading at ₹1,472.30 at 10:06 AM, up 2.41% from its previous close, while the benchmark Nifty 50 was trading at 23,922, up 9 points or 0.04%. The stock continued to witness buying interest despite paring some initial gains.
For Q4FY26, Venus Pipes reported a 7.2% year-on-year rise in profit after tax (PAT) to ₹25.4 crore from ₹23.7 crore in Q4FY25, as reported by Business Standard. Revenue from operations increased 17.1% Y-o-Y to ₹302.2 crore from ₹258.1 crore reported in the corresponding quarter last year. Earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 18.7% Y-o-Y to ₹49.4 crore in Q4FY26 from ₹41.6 crore in Q4FY25. The company's board has recommended a final dividend of ₹0.50 per equity share (representing 5% of face value ₹10 each) for FY26.
According to Business Standard, Managing Director Arun Kothari commented that the company achieved its best-ever annual performance despite a challenging global environment. Revenue grew 22% to ₹1,167 crore in FY26, the highest in the company's history. The management remains committed to strengthening manufacturing capabilities, expanding product portfolio, and pivoting towards integrated solutions offerings as they enter FY27.
Analysts at Antique Stock Broking maintained a 'Buy' rating on the stock with a target price of ₹1,593 per share, unchanged from ₹1,592 earlier, based on a target FY28E P/E multiple of 17x, as reported by Business Standard. The brokerage revised its estimates in line with FY26 performance and management guidance, leading to a 6% reduction in FY27 EPS estimates. In May 2026, the company commissioned additional seamless tubes capacity, including 6,000 MTPA of mother hollow pipes, taking total capacity to 48,000 MTPA, comprising 27,600 MTPA of welded tubes and 20,400 MTPA of seamless tubes.
