Scoda Tubes Ltd
Scoda Tubes Ltd is a standalone, integrated manufacturer of stainless-steel seamless and
welded pipes and tubes at Mehsana, Gujarat. Its portfolio includes seamless pipes, seamless tubes and U-tubes, instrumentation tubes and welded tubes and U-tubes serving oil & gas, chemicals, fertilisers, power, pharmaceuticals, automotive and railway applications.[1][2]
- Market Cap ₹ 772 Cr.
- Current Price ₹ 129
- High / Low ₹ 188 / 110
- Stock P/E 20.9
- Book Value ₹ 65.2
- Dividend Yield 0.00 %
- ROCE 16.5 %
- ROE 14.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 32.3 days to 84.7 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE Industrials Nifty IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 194 | 305 | 400 | 485 | 519 | 546 | |
| 184 | 270 | 341 | 407 | 442 | 468 | |
| Operating Profit | 10 | 35 | 59 | 78 | 76 | 78 |
| OPM % | 5% | 11% | 15% | 16% | 15% | 14% |
| 1 | 3 | 3 | 4 | 11 | 10 | |
| Interest | 7 | 12 | 19 | 22 | 25 | 26 |
| Depreciation | 2 | 11 | 16 | 18 | 9 | 12 |
| Profit before tax | 2 | 14 | 26 | 42 | 53 | 50 |
| Tax % | 29% | 28% | 29% | 24% | 26% | |
| 2 | 10 | 18 | 32 | 39 | 37 | |
| EPS in Rs | 7.18 | 6.48 | 6.17 | |||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 21% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 44 | 60 |
| Reserves | 34 | 44 | 62 | 106 | 330 |
| 110 | 140 | 203 | 211 | 187 | |
| 11 | 53 | 64 | 85 | 110 | |
| Total Liabilities | 156 | 238 | 330 | 446 | 688 |
| 11 | 62 | 82 | 81 | 185 | |
| CWIP | 35 | -0 | -0 | 23 | 9 |
| Investments | 0 | 1 | 1 | 1 | 0 |
| 110 | 175 | 248 | 342 | 494 | |
| Total Assets | 156 | 238 | 330 | 446 | 688 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -47 | 20 | 2 | 18 | -14 | |
| -33 | -39 | -47 | -44 | -150 | |
| 80 | 18 | 44 | 41 | 153 | |
| Net Cash Flow | -0 | -0 | -0 | 15 | -11 |
| Free Cash Flow | -82 | -8 | -34 | -22 | -130 |
| CFO/OP | -461% | 64% | 10% | 32% | 5% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 66 | 62 | 82 | 76 | 97 |
| Inventory Days | 142 | 171 | 156 | 163 | 217 |
| Days Payable | 20 | 81 | 75 | 74 | 103 |
| Cash Conversion Cycle | 189 | 151 | 162 | 164 | 211 |
| Working Capital Days | 33 | 6 | -4 | 16 | 85 |
| ROCE % | 16% | 20% | 20% | 17% |
Insights
In beta| Mar 2018 | Mar 2019 | Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Export revenue share % of total revenue |
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| Seamless production capacity MTPA |
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| Mother hollow capacity MTPA |
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| Seamless pipe sales volume MT |
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| Order book INR crores |
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| Captive solar power capacity MW (DC) |
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| Number of countries exported to count |
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| Welded production capacity MTPA |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CRISIL monitoring report for quarter ended June 30, 2026 found no IPO proceeds deviation.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor presentation on Q1 FY27 Earning update
-
Unaudited Financial Results For The Quarter Ended On June 30, 2026
- Board approved Q1 FY27 unaudited results on August 12, 2026; revenue 1,243.45 million, profit 52.50 million.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. On August 12, 2026
- Board approved Q1 FY27 unaudited results on 12 August 2026; revenue Rs 1,243.45 million, profit Rs 52.50 million.
-
Board Meeting Intimation for Meeting To Be Held On Wednesday, August 12, 2026
- Board to meet on August 12, 2026 to approve Q1 FY27 unaudited standalone results.
Annual reports
Concalls
-
Aug 2026TranscriptAI SummaryPPT
-
Jun 2026Transcript PPT REC
-
Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT REC
Product Portfolio:[1]
a) SS Seamless Pipes and SS Instrumentation Tubes:
High-pressure applications
b) SS Seamless Tubes and SS Seamless “U” Tubes:
Heat exchangers, air fin coolers, condensers, LP/HP heaters & boilers
c) SS Welded Tubes / “U” Tubes:
Low-pressure applications
The FY26 revenue was generated from seamless products, while the enlarged welded business remained under implementation. Welded products are intended to expand the addressable market into data centres, HVAC, water treatment and construction.[2][3]