Balance sheet of Venus Pipes & Tubes is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Venus Pipes & Tubes is increasing.
Latest net debt of Venus Pipes & Tubes is ₹166 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹134 Crs.

The profit is oscillating.
The profit of Venus Pipes & Tubes is ₹90.1 Crs for TTM, ₹92.89 Crs for Mar 2025 and ₹85.98 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Venus Pipes & Tubes latest dividend payout ratio is 2.2% and 3yr average dividend payout ratio is 3.05%

Companies resources are allocated to majorly unproductive assets like Inventory