SCODATUBESIndustrials

Scoda Tubes Limited

Iron & Steel Products · ISIN INE090501011 · BSE 544411 · NSE EQ · FV ₹10
Last price
₹124
-0.30%today
What this company does

Scoda Tubes Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹124 cr of revenue in its latest quarter (Q1 FY27) and kept 4.2% of sales as profit.

The company is primarily dealing in manufacturing of stainless steel (SS) pipes and tubes only.
Their stated vision

To be a globally respected and dependable manufacturer of stainless-steel pipes and tubes, recognized not only for quality and trust, but also for fostering innovation and growth that is in harmony with the environment.

Their stated mission

is to enhance industrial piping and tubing solutions through superior quality, reliable performance, and enduring partnerships with our clients.

In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns38

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality23

Whether reported profit actually arrives as cash

Valuation64

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 28% vs last year
Promoters hold 66%
No promoter shares pledged
Watch-outs
! Thin 4.2% net margin
! Profit down 26% vs last year
! Low 5.4% return on equity
! Operating cash flow is negative

What if I invest in SCODATUBES?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹124 -0.30%
latest close · 2026-09-17
52-wk low ₹11942 sessions so far52-wk high ₹153
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio35.2High
LowAverageHigh
P/B ratio1.90Moderate
Below bookModerateHigh
EV / EBITDA13.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.4%Weak
WeakFairStrong ▸15%
Return on capital12.3%Fair
WeakFairStrong
Net margin4.2%Thin
ThinDecentStrong
EBITDA margin14.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.47Comfortable
LowModerateHigh ▸1
Interest cover2.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.78Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹743 cr
Book value
₹65
EPS
₹0.88
latest quarter
Net debt
₹181 cr
owes more than its cash
Enterprise value
₹924 cr
EBITDA
₹70 cr
annualised
EBIT
₹54 cr
annualised
Operating margin
10.8%
Return on assets
3.1%
Earnings yield
2.84%
P/S
1.49
Sales / share
₹83.0
Tax rate
25.0%
Face value
₹10
Shares
6.0 cr
Working capital
₹195 cr
Current assets
₹445 cr
Current liabilities
₹250 cr
Delivery %
60.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹94 vs market price ₹124 — price is 32% above it
Safety cushion-31.7%(target ≥ +20%)
Models span ₹75₹113, midpoint ₹94
Model ₹94
Price ₹124
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹124 cr
Other Income₹2 cr
Total Income₹126 cr
Cost of Materials₹100 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-16 cr
Employee Benefit Expense₹2 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹21 cr
Total Expenses₹119 cr
Profit before Tax₹7 cr
Tax Expense₹2 cr
Net Profit₹5 cr
Net margin on total income4.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹85 cr67.1%
Employee benefit expense₹2 cr2.0%
Finance costs₹6 cr5.1%
Depreciation & amortisation₹4 cr3.3%
Other expenses₹21 cr17.0%
Tax expense₹2 cr1.4%
Profit for the period₹5 cr4.2%
Total income ₹126 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue152 cr124 cr124 cr
Total income153 cr128 cr126 cr
Expenses138 cr119 cr119 cr
Profit before tax15 cr9 cr7 cr
Tax4 cr3 cr2 cr
Net profit (owners' share)11 cr6 cr5 cr
Net margin (owners' share, on revenue)7.5%5.1%4.2%
EPS (₹)1.911.020.88
YoY (latest quarter): total income +27.0% · net profit -25.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹688 cr
Shareholder equity
₹390 cr
parent shareholders
Total debt
₹185 cr
Cash
₹4 cr
Cash flow · H1 FY26
Operating
₹-51 cr
Investing
₹-141 cr
Financing
₹185 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
66.4%
FII / Foreign
8.4%
DII / Domestic
3.6%
Retail / others
21.6%
Smart-money activity
Bulk / block deals
SoldHUTOXY KERSI BHADHA · NSE3.08 L @ ₹127.7727 May 26
SoldMNCL CAPITAL COMPOUNDER FUND 2 · NSE5.00 L @ ₹157.568 May 26
BoughtQE SECURITIES LLP · NSE4.50 L @ ₹219.4914 Jul 25
Stake changes
BoughtMalabar India Fund Limited→ 7.58% · 21.43 L27 May 25
BoughtMalabar India Fund Limited→ 7.58% · 21.43 L27 May 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
Ordinary resolution to receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended on March 31, 2025 together with the Reports of Board of Directors and the Auditor thereon
Backed by 100% of shareholders other than promotersneeded 50%
8.54 L votes for, 3,200 against · 0% of mutual funds and other big investors said no
2
Ordinary resolution to appoint a Director in place of Mr. Jagrutkumar Rameshbhai Patel (DIN: 06785595), Managing Director who retires by rotation and being eligible, seeks re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
8.53 L votes for, 3,700 against · 0% of mutual funds and other big investors said no
3
Ordinary resolution for an 3. Appointment of M/s. ALAP & Co LLP, Company Secretaries (Firm registration number: L2023GJ0 13900) as the Secretarial Auditors of the Company for a term of 5 consecutive years and to fix their remuneration
Backed by 100% of shareholders other than promotersneeded 50%
8.54 L votes for, 3,200 against · 0% of mutual funds and other big investors said no
4
Special resolution for Change in designation cum appointment of Mr. Saurabh Amrutbhai Patel (DIN: 07627068) as Executive Director of the company
Backed by 100% of shareholders other than promotersneeded 75%
8.53 L votes for, 4,000 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 66 named members
owning 66.4% between them · as of 2026-06-30
Samarth Bharatbhai Patel10.35%
Saurabh Amrutbhai Patel10.35%
Jagrutkumar Rameshbhai Patel6.64%
Ravi Rameshbhai Patel6.64%
Nisarg Rameshbhai Patel5.31%
Ratanben Rameshbhai Patel3.99%
Rameshbhai Nathalal Patel3.32%
Ranchhodbhai K Patel Huf .3.32%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹220 cr raised in Jun 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 79% of what it set aside, leaving ₹47 cr still to be spent. CRISIL RATINGS LIMITED watches the spending on the exchange’s behalf.

Capital Expenditure towards expanding Production capacity of seamless and welded tubes and pipes
81%
₹62 cr of ₹77 cr
Funding the part incremental working capital requirements of our company
72%
₹80 cr of ₹110 cr
General Corporate Purpose
86%
₹12 cr of ₹14 cr
Offer related expenses
100%
₹19 cr of ₹19 cr
Spent by quarter: 32%51%62%72%79% (to Jun 2026)
₹55 cr raised in Oct 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside.

Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes machinery and civil work General Corporate Purposes issue related expenses
100%
₹55 cr of ₹55 cr
Spent by quarter: 67%82%85%100%100%100% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.