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 ₹ 774 Cr.
- Current Price ₹ 129
- High / Low ₹ 185 / 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
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: | -27% |
| 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 | 28 | -14 | |
| -33 | -39 | -47 | -54 | -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% | 45% | 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)-Newspaper Publication
- Copy of newspaper advertisement in respect of completion of dispatch of notice of 18th AGM
-
Reg. 34 (1) Annual Report.
- Scoda Tubes submitted its Annual Report for FY 2025-26 to NSE and BSE.
-
Notice Of 18Th AGM
- Scoda Tubes schedules 18th AGM on September 26, 2026, proposing borrowing, remuneration and related-party approvals.
-
Outcome Of Board Meeting
- Board appointed auditors, approved FY26 AGM notice, and scheduled 18th AGM on September 26, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board approved auditors, AGM on September 26, 2026, and FY26 annual report notice.
Concalls
-
Aug 2026PPT
-
Jun 2026Transcript PPT REC
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Jan 2026PPT
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Nov 2025Transcript PPT
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Aug 2025PPT
-
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]