WEBSITE BSE:544411 NSE: SCODATUBES Inc. Year: 2008 Industry: Steel & Iron Products My Bucket: Add Stock
Last updated: 15:56
Scoda Tubes Ltd. is a Gujarat‑based manufacturer of stainless‑steel tubes and pipes, specializing in both seamless and welded variants. The company’s manufacturing plant is located in Mehsana (Rajpur, on Ahmedabad‑Mehsana highway), and it uses a backward‑integrated production process — including an in‑house hot‑piercing mill that produces the “mother hollow,” the key raw material for seamless tubes. Scoda’s product range includes stainless‑steel seamless pipes and tubes (including high‑precision, U‑tubes, instrumenta...Read More
Scoda Tubes Ltd. is a Gujarat‑based manufacturer of stainless‑steel tubes and pipes, specializing in both seamless and welded variants. The company’s manufacturing plant is located in Mehsana (Rajpur, on Ahmedabad‑Mehsana highway), and it uses a backward‑integrated production process — including an in‑house hot‑piercing mill that produces the “mother hollow,” the key raw material for seamless tubes. Scoda’s product range includes stainless‑steel seamless pipes and tubes (including high‑precision, U‑tubes, instrumentation/hydraulic tubes), as well as welded pipes/tubes and U‑tubes, in various steel grades (austenitic, duplex, etc.), tailored for industrial usage. Its customers include firms in oil & gas, chemicals, power, fertilizers, pharmaceuticals, railways, automotive, and other infrastructure sectors; the company also exports to multiple countries. Over recent years, Scoda has seen significant growth: revenue and profits have risen sharply, reflecting increasing demand for stainless‑steel tubes. The company recently launched an IPO (2025) to raise fresh capital for expansion: part of the proceeds are slated for enhancing production capacity (both seamless and welded lines), with additional funds earmarked for working‑capital needs. With its integrated manufacturing, focus on stainless‑steel only, and expanding capacity, Scoda is positioned to benefit from rising demand in industrial and infrastructure sectors — though its performance depends on raw‑material costs, capacity utilization, and the global demand for stainless‑steel products. ...Read Less
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Market Cap ₹894 Cr.
Stock P/E 28.2
P/B 2.3
Current Price ₹149.2
Book Value ₹ 64.3
Face Value 10
52W High ₹230.8
Dividend Yield 0%
52W Low ₹ 113.4
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Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 125 | 92 | 139 | 130 | 124 | 97 | 145 | 152 |
| Other Income | 1 | 0 | 1 | 1 | 2 | 2 | 4 | 1 |
| Total Income | 126 | 92 | 141 | 131 | 125 | 99 | 149 | 153 |
| Total Expenditure | 109 | 77 | 116 | 107 | 106 | 83 | 123 | 129 |
| Operating Profit | 17 | 15 | 24 | 24 | 19 | 16 | 26 | 24 |
| Interest | 6 | 4 | 6 | 6 | 6 | 5 | 6 | 6 |
| Depreciation | 4 | 4 | 4 | 5 | 5 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 7 | 6 | 14 | 13 | 9 | 9 | 19 | 15 |
| Provision for Tax | 4 | 2 | 3 | 3 | 2 | 2 | 5 | 4 |
| Profit After Tax | 3 | 5 | 10 | 10 | 7 | 7 | 14 | 11 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 5 | 10 | 10 | 7 | 7 | 14 | 11 |
| Adjusted Earnings Per Share | 0.7 | 1.2 | 2.6 | 2.2 | 1.5 | 1.2 | 2.3 | 1.9 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 194 | 305 | 400 | 485 | 518 |
| Other Income | 1 | 3 | 3 | 4 | 9 |
| Total Income | 195 | 308 | 402 | 489 | 526 |
| Total Expenditure | 184 | 270 | 341 | 407 | 441 |
| Operating Profit | 11 | 37 | 61 | 82 | 85 |
| Interest | 7 | 12 | 19 | 22 | 23 |
| Depreciation | 2 | 11 | 16 | 18 | 11 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 2 | 14 | 26 | 42 | 52 |
| Provision for Tax | 1 | 4 | 8 | 10 | 13 |
| Profit After Tax | 2 | 10 | 18 | 32 | 39 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | 10 | 18 | 32 | 39 |
| Adjusted Earnings Per Share | 0.4 | 2.6 | 4.6 | 7.2 | 6.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 21% | 36% | 0% | 0% |
| Operating Profit CAGR | 34% | 95% | 0% | 0% |
| PAT CAGR | 78% | 152% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 30% | 30% | 23% | 23% |
| ROCE Average | 20% | 19% | 16% | 16% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 35 | 45 | 64 | 150 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 38 | 44 | 57 | 52 |
| Other Non-Current Liabilities | 0 | 0 | 1 | -0 |
| Total Current Liabilities | 83 | 150 | 209 | 244 |
| Total Liabilities | 156 | 240 | 331 | 446 |
| Fixed Assets | 11 | 62 | 82 | 81 |
| Other Non-Current Assets | 45 | 12 | 23 | 55 |
| Total Current Assets | 101 | 166 | 227 | 309 |
| Total Assets | 156 | 240 | 331 | 446 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -47 | 20 | 2 | 18 |
| Cash Flow from Investing Activities | -33 | -39 | -47 | -44 |
| Cash Flow from Financing Activities | 80 | 18 | 44 | 41 |
| Net Cash Inflow / Outflow | -0 | -0 | -0 | 15 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 15 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.41 | 2.6 | 4.6 | 7.18 |
| CEPS(Rs) | 0.8 | 5.48 | 8.71 | 11.28 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 8.79 | 11.38 | 15.98 | 34.03 |
| Core EBITDA Margin(%) | 5.15 | 11.4 | 14.7 | 16.1 |
| EBIT Margin(%) | 4.89 | 8.51 | 11.26 | 13.17 |
| Pre Tax Margin(%) | 1.19 | 4.71 | 6.49 | 8.64 |
| PAT Margin (%) | 0.84 | 3.39 | 4.58 | 6.55 |
| Cash Profit Margin (%) | 1.63 | 7.15 | 8.67 | 10.28 |
| ROA(%) | 1.05 | 5.22 | 6.41 | 8.17 |
| ROE(%) | 4.68 | 25.75 | 33.6 | 29.66 |
| ROCE(%) | 6.55 | 15.76 | 19.97 | 20.38 |
| Receivable days | 66.46 | 51.97 | 64.3 | 71.66 |
| Inventory Days | 117.69 | 96.93 | 96.49 | 98.51 |
| Payable days | 19.68 | 48.2 | 70.63 | 66.39 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.57 | 0.43 | 0.45 | 0.43 |
| EV/Core EBITDA(x) | 10.03 | 3.48 | 2.96 | 2.57 |
| Net Sales Growth(%) | 0 | 57.26 | 31.05 | 21.26 |
| EBIT Growth(%) | 0 | 173.74 | 73.44 | 41.86 |
| PAT Growth(%) | 0 | 531.78 | 77.05 | 73.45 |
| EPS Growth(%) | 0 | 531.78 | 77.05 | 56.22 |
| Debt/Equity(x) | 3.14 | 3.07 | 3.19 | 1.4 |
| Current Ratio(x) | 1.22 | 1.1 | 1.09 | 1.27 |
| Quick Ratio(x) | 0.46 | 0.44 | 0.55 | 0.65 |
| Interest Cover(x) | 1.32 | 2.24 | 2.36 | 2.91 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 66.43 | 66.43 | 66.43 | 66.43 |
| FII | 8.09 | 7.79 | 8.04 | 8.16 |
| DII | 7.88 | 6.89 | 7.39 | 7.36 |
| Public | 17.59 | 18.89 | 18.14 | 18.06 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 3.98 | 3.98 | 3.98 | 3.98 |
| FII | 0.48 | 0.47 | 0.48 | 0.49 |
| DII | 0.47 | 0.41 | 0.44 | 0.44 |
| Public | 1.05 | 1.13 | 1.09 | 1.08 |
| Others | 0 | 0 | 0 | 0 |
| Total | 5.99 | 5.99 | 5.99 | 5.99 |
* The pros and cons are machine generated.
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