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 ₹ 708 Cr.
- Current Price ₹ 118
- High / Low ₹ 181 / 110
- Stock P/E 19.1
- 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: | -30% |
| 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
| 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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| Welded production capacity MTPA |
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| Seamless pipe sales volume MT |
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| Order book INR crores |
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| Seamless capacity utilisation % |
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| Captive solar power capacity MW (DC) |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Intimation Of Change In Name Of Secretarial Auditor
- Secretarial auditor renamed from ALAP & Co. LLP to Prasad and Partners LLP; terms unchanged.
-
Clarification On Significant Increase In The Volume Of Equity Shares Of The Company
- Company clarifies recent share volume spike is market-driven; no pending material announcements.
Concalls
-
Aug 2026PPT
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Jun 2026Transcript PPT REC
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Jan 2026PPT
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Nov 2025Transcript PPT
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Aug 2025PPT
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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]