NSE: SCODATUBES · BSE: 544411 · ISIN INE090501011
Scoda Tubes Limited stock analysis
Scoda Tubes Limited ranks #2065 in the TickerSutra evidence-ranked universe with a score of 49/100 and 85% data confidence. The latest captured fundamentals show ROCE of 16.5%, quarterly sales growth of 27.6% and quarterly profit growth of -25.9%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 19.4% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹194cr | ₹10cr | ₹2cr | 5.0% |
| 2023 | ₹305cr | ₹35cr | ₹10cr | 11.0% |
| 2024 | ₹400cr | ₹59cr | ₹18cr | 15.0% |
| 2025 | ₹485cr | ₹78cr | ₹32cr | 16.0% |
| 2026 | ₹519cr | ₹76cr | ₹39cr | 15.0% |
| TTM | ₹546cr | ₹78cr | ₹37cr | 14.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Scoda Tubes Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026.
RoutineScoda Tubes Ltd - 544411 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 29 Sept 2026Voting Results alongwith scrutinzers report of the 18th Annual General Meeting of the Company held on September 26, 2026
RoutineTrading WindowBSE · 28 Sept 2026Scoda Tubes Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineShareholders meetingNSE · 27 Sept 2026Scoda Tubes Limited has informed the Exchange regarding Proceedings of 18th Annual General Meeting held on September 26, 2026
RoutineScoda Tubes Ltd - 544411 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 27 Sept 2026Proceedings of 18th AGM
MANAGEMENT COMMENTARY
Signals from filed documents
The welded segment opens new end -use sectors for us, that is data centers , water treatment, construction, and HVAC, which primarily used welded products. Our mother hollow mill continues to support backward integration. We have moved to 70% captive consumption, intending to be fully captive by FY28.
For the future revenue, which is targeted as a balance of 40% export and 60% domestic mix with continued focus on international expansion. So, as you already saw that there was strong Q4 FY26 export growth, which overcame global trade disruptions driven by an expanding customer base and international demand. Our resilient export performance was fueled by strong order execution, deeper overseas penetration, and global
Samarth Patel: So, investment was withdrawn primarily due to operational and cross -border remittance challenges from India. Hurdles involved constraints related to regulatory compliance, banking, forex, and execution feasibility. The import quota is expected from 1st of July in Europe.
Like what are the structural measures that we are taking to bridge this performance gap? Ravi Patel: So, in FY26, EBITDA declined due to under-absorbed fixed cost from lower utilization of new capacity. So operating profitability dipped as expanded capacities were still in the commissioning and stabilization phase.
How much will this help in reducing the cost and improving our margins? So, what's the operating leverage to be expected in this project? Ravi Patel: So, as I told earlier, we will get benefited.
But the gas cut in late March was a single largest revenue headwind, curtailing production at a critical period. So, war-related raw material inflation added cost pressure, but the primary top -line impact was from gas availability. So how do you see the situation now?
Management Discussion & Analysis Report Management Discussion & Analysis Report 4342 Annual Report 2025-26 Nickel MolybdenumChromium Titanium Vanadium Source: London Metals Exchange; World Bank Commodity Prices; Industry Reports Specialty Alloying Elements Market Indonesia, Philippines Chile, China South Africa India, Japan South Africa, China USD 14.2/lb USD 6.5/lb USD 18.5/lb USD 1.85/lb USD 8.2/lb Low Medium Mediu
Export revenues increased significantly to ₹179.5 cr in FY26 from ₹129.1 cr in FY25, with exports contributing 34.6% of our revenue from operations, compared with 26.6% in FY25. We have continued to strengthen our presence across Europe, the Americas, the Middle East and other international markets, leveraging our extensive distributor network, product approvals, registrations, wide product portfolio and domain expert
Export revenues increased significantly to ₹179.5 cr in FY26 from ₹129.1 cr in FY25, with exports contributing 34.6% of our revenue from operations, compared with 26.6% in FY25. We have continued to strengthen our presence across Europe, the Americas, the Middle East and other international markets, leveraging our extensive distributor network, product approvals, registrations, wide product portfolio and domain expert
• Thus, the specialized focus of the company on the stainless-steel segment of tubes and pipes has well positioned it in attracting and retaining customers to cater to their requirements of customized, specialized and high-quality stainless- steel tubes and pipes across the world. Specialised production of Stainless-Steel tubes and pipes • The company’s current manufacturing facility is strategically located in the s
But let me tell you that for Rina Marine approval, which is basically for the marine sector in Italian market, we are in the final stage of approval. So, I think probably within three to four weeks, we'll be receiving the final approval from Rina. Thank you so much and all the best.
Further, the company has obtained an in-principle for the proposed public issue from BSE Limited and National Stock Exchange of India Limited on December 18, 2024. The issue was open for subscription from Wednesday, May 28, 2025 to Friday, May 30, 2025 and received an overwhelming response from investors across categories including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail I
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“For the future revenue, which is targeted as a balance of 40% export and 60% domestic mix with continued focus on international expansion. So, as you already saw that there was strong Q4 FY26 export growth, which overcame global trade disruptions driven by an expanding customer base and international demand. Our resilient export performance was fueled by strong order execution, deeper overseas penetration, and global”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…