Is VENUS PIPES stock opportunity?

Venus Pipes worth studying

Here is my analysis

Very bullish management concall
25% volume growth sequentially
Management eyeing 2x -2.5x revenue in FY 25

Margins to be improved further as the company is doing big capex for backward integration ( capex 40 crs)

The company is also increasing export share %
In FY 20 it was 3% to 10% in FY 22
And 5.4% in FY 23

Capacity is 3x from FY 23 to FY24

The company is also increasing capacity utilisation from 60% last FY to 70% this FY and also aiming to reach 80 to 85% capacity utilisation in future.

In short
Increase capacity + increase market share + backward integration ( which will increase its margin and reduce the product cost also) + improve margin + cost optimization

Note Ashish kacholiya bought nearly 2% stake in June quarter ( on 11th April 2023)