Venus Pipes- Pipes & Tubes

Hello everyone,

I wanted to share an important update regarding Venus Pipes and Tubes Limited. The company’s credit ratings have recently been upgraded by Infomerics Ratings.

• Long-term bank facilities: Upgraded from IVR A-/Stable to IVR A/Stable.
• Short-term bank facilities: Upgraded from IVR A2+ to IVR A1.

This upgrade reflects the company’s improved scale of operations, stronger profit margins, and continued financial health, despite a somewhat elongated operating cycle. The backward integration and capacity enhancements have significantly boosted their performance.

For more detailed information, you can refer to the latest report on the company’s financials and ratings.

Cheers!

pr-VenusPipesTubes-1oct24.pdf (288.0 KB)