Scoda Tubes Limited (SCODATUBES) Financial Results — Revenue ₹518.7 Cr

Revenue: ₹518.7 CrNet Profit: ₹38.8

📢 Key Event
Scoda Tubes reports FY26 revenue of ₹518.7 crores, up 7% YoY, with EBITDA margin of 14.7% and PAT of ₹38.8 crores, while outlining capacity expansion plans and order book status.

🔄 What Changed
Revenue grew 7% YoY to ₹518.7 crores; PAT at ₹38.8 crores; order book confirmed at ₹175 crores; export mix at 40%; peak debt projected at ₹250 crores; inventory days target 160-170; welded capacity expansion investment of ₹40 crores; utilization targets set for FY27 (25%) and FY28 (70% seamless).

🔮 What's Next
Target 20-25% domestic growth in FY27; export growth target of 25% in FY27; peak debt of ₹250 crores; inventory days to normalize at 160-170; seamless pipe utilization to reach optimal levels in FY28; welded pipe utilization to reach 25% in FY27; BHEL tender under review for potential amendment; solar project to deliver INR8 crores annual savings.

💡 Investor Takeaway
The company is expanding welded capacity with targeted utilization improvements while managing margin pressures from input costs, and its growing order book supports sustained revenue momentum despite near-term operational headwinds.

Scoda Tubes reported FY26 revenue of ₹518.7 crores, up 7% YoY, with EBITDA at ₹76.2 crores (14.7% margin) and PAT of ₹38.8 crores (7.5% margin). The company plans INR40 crores investment to expand welded capacity to 21,150 MT by FY28, targeting 25% utilization in FY27 and 70% on seamless lines by FY27. Export revenue now forms 40% of the mix, growing strongly, while domestic growth is targeted at 20-25%. Peak debt is expected at INR250 crores, with inventory days normalizing to 160-170. A captive solar project will save INR8 crores annually. Gas shortages in March 2026 disrupted production for 15-17 days, impacting revenue by INR140 crores and cutting output by 40%, though supply has since normalized. Elevated LPG prices continue to pressure margins. The company declined a European acquisition due to regulatory and forex hurdles, and does not disclose segment-wise volumes or utilization metrics. Current order book stands at INR175 crores, primarily from non-BHEL sources, with BHEL tender pending. Capacity expansion includes adding 8,000 MT welded capacity, with optimal seamless utilization targeted for FY28.

📄 View Original Announcement (PDF)

📊 Stock Analysis — SCODATUBES ✨ Ask AI About This