Buy Venus Pipes & Tubes, target price Rs 1700: Anand Rathi

Anand Rathi has buy call on Venus Pipes & Tubes with a target price of Rs 1700. The current market price of Venus Pipes & Tubes is Rs 1365.2.

Venus Pipes & Tubes Ltd., incorporated in the year 2015, is a Small Cap company (having a market cap of Rs 2773.97 Crore) operating in General sector.

Venus Pipes & Tubes Ltd. key Products/Revenue Segments include Pipes & Tubes for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 191.84 Crore, up 6.48 % from last quarter Total Income of Rs 180.17 Crore and up 50.61 % from last year same quarter Total Income of Rs 127.37 Crore. Company reported net profit after tax of Rs 20.26 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 48.63 per cent stake in the company as of 30-Sep-2023, while FIIs owned 6.6 per cent, DIIs 7.25 per cent.