Scoda Tubes Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Industrial Products | Market Cap: ₹870 Cr
The company targets a conservative revenue growth of around 25% for FY27. FY27 revenue growth is expected at 25% with EBITDA margins of 14% to 15%.
From Scoda Tubes Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹129
Market Cap
₹870 Cr
P/E Ratio
22.4
Revenue Rank
Margin Rank
How does Scoda Tubes Ltd rank in Industrial Products?
Compare Scoda Tubes Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Scoda Tubes Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹124 Cr, net profit ₹6 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →The company targets a conservative revenue growth of around 25% for FY27.
- →Export revenues are expected to grow by approximately 25%, with a target export ratio of 40% of total sales.
- →Domestic sales growth is guided at about 20%, with potential upside linked to new tender opportunities, especially from power sector contracts like BHEL.
- →Additional welded pipe capacity (13,000 MT by FY27 end and further 8,000 MT by FY28) will drive volume growth, mainly serving new sectors like data centers, HVAC, and water treatment.
- →Seamless pipe capacity is stable at 20,000 MT, with no immediate expansion planned.
- →The welded segment is expected to reach optimum utilization by FY29.
- →The company is optimistic but cautious due to geopolitical and raw material price volatility, with potential to revise growth outlook upward in H1 FY27 if conditions improve.
📈 Profitability & Margins
Rank 3- →FY27 revenue growth is expected at 25% with EBITDA margins of 14% to 15%. (Page 2)
- →The company targets a conservative revenue growth outlook but remains open to revisiting it in H1 FY27 depending on geopolitical conditions. (Page 9)
- →Domestic revenue growth is expected around 20%, with potential to exceed this if key tenders (like BHEL) are secured. Export growth is targeted at 25%. (Page 9)
- →Operating performance is expected to improve with normalization post-Q4 disruptions, with full capacity utilization of seamless and welded segments expected by FY29. (Pages 16-17, 9)
- →Solar power projects will reduce electricity costs by approximately INR 8 crores annually, contributing to margin enhancement. (Page 14)
- →Debt will rise modestly due to capex but will be reduced after capacity utilization improves. (Pages 7, 6)
🏗️ Capital Expenditure Plans
Yes- →FY26 capex was INR110 crores; FY27 expected capex about INR100 crores.
- →Ongoing capex includes expanding welded pipe capacity by 13,000 MT (INR45 crores), expected operational by Q2 FY27.
- →Additional welded pipe capacity of 8,000 MT planned with INR40 crores investment, operational by Q1 FY28, optimal utilization by FY29.
- →Total target capacity expansions: 20,000 MT seamless (no further plans now), 21,000 MT welded by FY29.
- →Capex funded through internal accruals and term loans; no plans for equity dilution currently.
- →Solar energy projects: seamless plant saving approx. INR4.9 crores annually and welded plant INR3.8 crores, total INR8 crores savings.
- →Delays in high-diameter welded pipe capex due to geopolitical and supply chain issues; machines expected by July/August.
- →Future expansions beyond FY29 possible depending on market demand and product margins; no concrete plans yet.
💰 Fundraising & Capital Structure
Yes- →No plans for further equity dilution; additional capacity expansion will be funded through internal accruals and term loans.
- →Debt expected to increase by approximately INR 50 crores next year due to capacity addition and solar projects, with peak debt projected around INR 250 crores.
- →Management intends to reduce debt once new capacities reach full utilization.
- →Capex for current expansions (including 13,000 MT seamless and 8,000 MT welded capacity) funded through internal accruals and term loans, no immediate plans for fresh equity.
- →Future fundraising beyond term loans and internal accruals not indicated as of now.
📋 Order Book & Pipeline
No information- →Current confirmed order book is around INR 175 crores, covering a period of about 3 to 4 months.
- →Orders come continuously every few months, with a mix of big and small orders.
- →No long-dated orders currently; visibility beyond 3-4 months is limited.
- →The company is awaiting new tenders, especially from BHEL and BARC, expected around July or August 2026.
- →Participation in upcoming BHEL tender is planned, which may bring high-volume, long-term orders extending over multiple quarters.
- →Order book includes domestic stockholders, export customers, and fabricators.
- →Growth in order book visibility is expected post-new tender wins.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Scoda Tubes Ltd Q4 FY26 results?
The company targets a conservative revenue growth of around 25% for FY27. FY27 revenue growth is expected at 25% with EBITDA margins of 14% to 15%.
What is Scoda Tubes Ltd share price analysis?
Scoda Tubes Ltd currently shows a moderate growth signal based on ranking data. 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?
FY26 capex was INR110 crores; FY27 expected capex about INR100 crores. - Ongoing capex includes expanding welded pipe capacity by 13,000 MT (INR45 crores), expected operational by Q2 FY27. - Additional welded pipe capacity of 8,000 MT planned with INR40 crores investment, operational by Q1 FY28, optimal utilization by FY29. - Total target capacity expansions: 20,000 MT seamless (no further plans now), 21,000 MT welded by FY29. - Capex funded through internal accruals and term loans; no plans for equity dilution currently. - Solar energy projects: seamless plant saving approx.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.