Scoda Tubes Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹629 Cr
- P/E
- 17.00
- ROE
- 14.37%
- PEG
- 0.31
- Price to sales
- 1.16
- Debt to equity
- 0.48
- 52W high / low
- ₹177 / ₹105
- EBITDA margin
- 14.30%
- Net profit margin
- 7.49%
- Promoter holding
- 66.43%
- Sales (last year)
- ₹546 Cr
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]
Guidance scorecard · Q1 FY27 call
What Scoda Tubes Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ4 FY26 call
20–40%- 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.
2 more points from Scoda Tubes Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Scoda Tubes Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- 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.
2 more points from Scoda Tubes Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Scoda Tubes Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- 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.
2 more points from Scoda Tubes Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
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.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Scoda Tubes Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Scoda Tubes Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 125.14 | 91.85 | 139.34 | 129.97 | 123.72 | 97.42 | 145.27 | 152.40 | 123.57 |
| Expenses + | 108.71 | 77.21 | 116.49 | 106.84 | 106.29 | 83.23 | 122.93 | 129.39 | 106.86 |
| Operating Profit | 16.43 | 14.64 | 22.85 | 23.13 | 17.43 | 14.19 | 22.34 | 23.01 | 16.71 |
| OPM % | 13.13% | 15.94% | 16.40% | 17.80% | 14.09% | 14.57% | 15.38% | 15.10% | 13.52% |
| Other Income + | 0.62 | 0.20 | 1.33 | 0.78 | 1.65 | 1.76 | 3.66 | 0.74 | 4.40 |
| Interest | 6.36 | 4.00 | 5.97 | 6.23 | 5.78 | 5.10 | 5.51 | 6.11 | 8.14 |
| Depreciation | 4.13 | 4.41 | 4.39 | 4.57 | 4.76 | 1.57 | 1.72 | 2.31 | 3.61 |
| Profit before tax | 6.56 | 6.43 | 13.82 | 13.11 | 8.54 | 9.28 | 18.77 | 15.33 | 9.36 |
| Tax % | 55.34% | 25.51% | 24.82% | 25.71% | 20.14% | 23.60% | 25.57% | 25.18% | 32.48% |
| Net Profit + | 2.95 | 4.79 | 10.39 | 9.74 | 6.83 | 7.08 | 13.97 | 11.47 | 6.32 |
| EPS in Rs | 2.20 | 1.55 | 1.18 | 2.33 | 1.91 | 1.05 |
Financials of Scoda Tubes Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 194 | 305 | 400 | 485 | 519 |
| Expenses + | 184 | 270 | 341 | 407 | 442 |
| Operating Profit | 10 | 35 | 59 | 78 | 76 |
| OPM % | 5% | 11% | 15% | 16% | 15% |
| Other Income + | 1 | 3 | 3 | 4 | 11 |
| Interest | 7 | 12 | 19 | 22 | 25 |
| Depreciation | 2 | 11 | 16 | 18 | 9 |
| Profit before tax | 2 | 14 | 26 | 42 | 53 |
| Tax % | 29% | 28% | 29% | 24% | 26% |
| Net Profit + | 2 | 10 | 18 | 32 | 39 |
| EPS in Rs | 7.18 | 6.48 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Scoda Tubes Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 44 | 60 |
| Reserves | 34 | 44 | 62 | 106 | 330 |
| Borrowings + | 110 | 140 | 203 | 211 | 187 |
| Other Liabilities + | 11 | 53 | 64 | 85 | 110 |
| Total Liabilities | 156 | 238 | 330 | 446 | 688 |
| Fixed Assets + | 11 | 62 | 82 | 81 | 185 |
| CWIP | 35 | 0 | 0 | 23 | 9 |
| Investments | 0 | 1 | 1 | 1 | 0 |
| Other Assets + | 110 | 175 | 248 | 342 | 494 |
| Total Assets | 156 | 238 | 330 | 446 | 688 |
Financials of Scoda Tubes Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -47 | 20 | 2 | 18 | |
| Cash from Investing Activity + | -33 | -39 | -47 | -44 | |
| Cash from Financing Activity + | 80 | 18 | 44 | 41 | |
| Net Cash Flow | -0 | -0 | -0 | 15 | |
| Free Cash Flow | -82 | -8 | -34 | -22 | |
| CFO/OP | -461% | 64% | 10% | 32% |
Financials of Scoda Tubes Ltd
Ratios
Working capital efficiency and return 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% |
Guidance history
How Scoda Tubes Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY25 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
6 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −34.5% | 18% |
| Last 6 months | −29.1% | 10% |
| Last 3 months | −28.4% | 7% |
The price is 50.6% below its all-time high of ₹212.51 (11 Jul 2025). Stocks more than 20% below their peak have their score halved, so 13 became 6.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Scoda Tubes Ltd: 0.4 × 18 + 0.4 × 10 + 0.2 × 7 = 13, halved to 6 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Scoda Tubes Ltd's management said in earlier quarters
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