Scoda Tubes Ltd
Scoda Tubes Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #63 of 100 in Industrial Products
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The short version
Targeting 20% revenue growth in FY '26 driven by new capacity coming on stream from November 2025. Scoda Tubes targets 20% revenue growth driven by new seamless and welded capacity coming online starting November 2025 and Q1 FY '27 respectively. - Margins expected to sustain at 15-16%, supported by higher contribution from welded products and new product launches. - Seamless product margins are typically 16-18%, welded products 12-13%, leading to blended margins. - Expect utilization of seamless capacity to ramp to ~80% by FY '27 and welded capacity utilization at 30% in FY '27, full utilization by FY '28. - Export revenue expected to increase to 40-45% of total revenue by FY '28, boosting profitability. - PAT margin improvements noted with 8.7% in H1 FY '26 vs.
From Scoda Tubes Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Targeting 20% revenue growth in FY '26 driven by new capacity coming on stream from November 2025.
- Seamless capacity to reach 20,000 MT by December 2025 with ramp-up expected to hit 60-65% utilization in FY '26, increasing to ~80% in FY '27.
- Welded capacity to be commissioned in Q1 FY '27, with 30% utilization expected in FY '27 and full utilization by FY '28.
- Export revenue expected to grow, targeting 40-45% of total revenue by full utilization in FY '28.
- Industry growth estimated at 7-8% annually for stainless steel pipes and tubes in India; global demand growth at 3-4%.
2 more points from Scoda Tubes Ltd's call on revenue
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Profitability & Margins
See what Scoda Tubes Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- INR 27 crores has already been spent on capex in H1 FY '26.
- Total estimated capex for current expansions is around INR 100 crores.
- No increase or decrease expected in the capex; largely remains as earlier communicated.
- Capital work in progress as of September 30, 2025, stands at INR 61.1 crores.
- New seamless capacity expansion underway, increasing from 17,000 to 20,000 metric tons per annum by December 2025.
- Welded plant construction started; commercial production targeted for Q1 FY '27.
- Finished goods capacity will scale up from 11,088 to 33,128 metric tons per annum.
2 more points from Scoda Tubes Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Scoda Tubes Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of November 14, 2025, Scoda Tubes Limited's current order book stands at INR 194 crores.
- The order book comprises INR 104 crores from the export market and INR 90 crores from the domestic market.
- The company recently secured a $1 million order from a US customer, indicating continued international demand.
2 more points from Scoda Tubes Ltd's call on order book
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Scoda Tubes Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹124 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Scoda Tubes Ltd's management said in earlier quarters
Others in Industrial Products this season
- Lead Reclaim and Rubber Products Ltd (Q2 FY26)
Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim
- Shubhshree Biofuels Energy Ltd (Q2 FY26)
Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —
- De Neers Tools Ltd (Q2 FY26)
H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.
- WOL 3D India Ltd (Q2 FY26)
Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Scoda Tubes Ltd Q2 FY26 results?
Targeting 20% revenue growth in FY '26 driven by new capacity coming on stream from November 2025. Scoda Tubes targets 20% revenue growth driven by new seamless and welded capacity coming online starting November 2025 and Q1 FY '27 respectively. - Margins expected to sustain at 15-16%, supported by higher contribution from welded products and new product launches. - Seamless product margins are typically 16-18%, welded products 12-13%, leading to blended margins. - Expect utilization of seamless capacity to ramp to ~80% by FY '27 and welded capacity utilization at 30% in FY '27, full utilization by FY '28. - Export revenue expected to increase to 40-45% of total revenue by FY '28, boosting profitability. - PAT margin improvements noted with 8.7% in H1 FY '26 vs.
What is Scoda Tubes Ltd share price analysis?
Scoda Tubes Ltd currently shows a neutral. The stock trades at a P/E of 22.4 with a market cap of ₹870 Cr. Investors should review the full earnings analysis for detailed insights.
Is Scoda Tubes Ltd planning capital expenditure?
INR 27 crores has already been spent on capex in H1 FY '26. - Total estimated capex for current expansions is around INR 100 crores. - No increase or decrease expected in the capex; largely remains as earlier communicated. - Capital work in progress as of September 30, 2025, stands at INR 61.1 crores. - New seamless capacity expansion underway, increasing from 17,000 to 20,000 metric tons per annum by December 2025. - Welded plant construction started; commercial production targeted for Q1 FY '27. - Finished goods capacity will scale up from 11,088 to 33,128 metric tons per annum. - Working capital deployment of INR 50 crores underway. - Strategic acquisition of Arvind sp.z o.o.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.