Slide 1: Exchange filing cover letter for FY25 earnings presentation
Date: June 24, 2025 To, To, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra Kurla Complex Mumbai – 400 001 Bandra East, Mumbai – 400051 BSE SCRIP Code – “544411” Symbol: “SCODATUBES” Dear Sir / Madam, Subject: Investor Presentatio
Slide 2: Investor Presentation FY25 Earnings Update
Investor Presentation FY25 Earnings Update
Slide 3: Agenda
Agenda 01 Performance Update 02 About Scoda Tubes Limited 03 Sustainable Moats 04 Growth Strategy 05 Industry Overview 06 Select Financial Information 07 Annexure 2
Slide 4: Performance Update
01 Performance Update
Slide 5: Performance snapshot – FY25
Performance snapshot – FY25 Performance Revenue from INR 484.9 crores Cashflow from INR 18.4 crores operations (+21% y-o-y) operations (+737% y-o-y) INR 148.5 crores Gross profit 30.6% Gross profit (+8% y-o-y) margin (-386 bps y-o-y) INR 78.1 crores EBITDA margin 16.1% EBITDA (+33% y-o-y) (+139 bps
Slide 6: Revenue split across segments – Q4FY25 and FY25
Revenue split across segments – Q4FY25 and FY25 Performance In INR crores Seamless Welded Others1 Revenue from operations +24% +99% -15% +21% 458.5 3.2 27.1 484.9 371.2 23.1 399.9 1.6 1.0 118.4 115.3 6.4 7.4 125.2 123.7 0.4 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY
Slide 7: Revenue split across geographies – Q4FY25 and FY25
Revenue split across geographies – Q4FY25 and FY25 Performance In INR crores Domestic Exports Revenue from operations +12% +55% +21% 355.8 129.1 316.6 484.9 399.9 83.2 105.4 95.6 28.1 125.2 123.7 19.8 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 76% 73% 79% 84% Q4FY24 Q4FY
Slide 8: Key financial highlights – Q4FY25 and FY25
Key financial highlights – Q4FY25 and FY25 Performance In INR crores Revenue from operations EBITDA Profit after tax (PAT) +21% +33% +73% 31.7 484.9 78.1 399.9 58.8 18.3 125.1 123.7 17.4 6.8 16.5 3.0 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Gross profit margin EBITDA m
Slide 9: About Scoda Tubes Limited
02 About Scoda Tubes Limited
Slide 10: Scoda Tubes Limited at a glimpse
Scoda Tubes Limited at a glimpse About us In INR crores ▪ Fully integrated manufacturer of SS1 seamless and SS welded Particulars FY22 FY23 FY24 FY25 products Revenue from operations 194.0 305.1 399.9 484.9 o These products are further categorised into: SS seamless pipes, SS seamless tubes, SS seaml
Slide 11: A compounding story with significant milestones (1/2)
A compounding story with significant milestones (1/2) About us Received vendor approval from BHEL’s1 Received vendor HEEP2 Haridwar approval from EIL7 Incorporated facility for product for product supply the company supply 2008 2012 2014 2010 2013 2017 Commenced • Received vendor approvals from • St
Slide 12: A compounding story with significant milestones (2/2)
A compounding story with significant milestones (2/2) About us • Started supplying products to NTPC3, Bilaspur • Started supplying products to key entities under Indian Railways: Modern Coach Factory & Chittaranjan Locomotive Works • Received certificate for implementing QMS4 in accordance with Trad
Slide 13: Sustainable Moats
03 Sustainable Moats
Slide 14: Sustainable moats
Sustainable moats Moats 04 Extensive and effective quality control 03 05 Strategic location of facility International accreditations and and fully integrated production product approvals 02 06 Customer diversification and Experienced and international presence qualified team 01 07 Specialized produc
Slide 15: Specialized production of SS tubes and pipes
Specialized production of SS tubes and pipes Moats SS seamless “U” SS instrumentation SS welded tubes / SS1 seamless pipes SS seamless tubes tubes tubes “U” tubes OD: 1/8” NB to 6” NB OD: 6.00mm to OD: 6.00mm to OD: 6.00mm to OD: 6.00mm to 101.6mm 50.80mm 50.80mm 60.30mm THK: Sch10s to Sch80s THK: 0
Slide 16: International accreditations and product approvals
International accreditations and product approvals Moats AD WO ISO 45001-2018 ISO 9001-2015 ISO14001-2015 PED Norsok M650 DNV IBR BIS EIL ▪ Currently applied for Bureau Veritas Marine (France) and Rina Marine (Italy) standards ▪ Company’s capabilities and accreditations have enabled Scoda Tubes to c
Slide 17: Customer diversification and international presence
Customer diversification and international presence Moats Strong presence in 14 countries1 Catering to clients across multiple sectors 73% 1% INR 4% 484.9 crores 22% Oil & gas Chemicals Fertilizers Power India Europe Americas MENA & Oceanic Revenue split across segments1 Seamless products 94.6% Weld
Slide 18: Extensive and effective quality control
Extensive and effective quality control Moats ▪ Dedicated quality control division comprising of a team of 14 personnel capable of all mandatory tests and supplementary tests ▪ Follow high quality standards across all the manufacturing stages, from raw material to cold rolling, until the final tubul
Slide 19: Strategic location of facility and fully integrated production
Strategic location of facility and fully integrated production Moats Strategically Land available for future Sustainable located expansion production On Ahmedabad-Mehsana ▪ Available land parcel of 74,699 sq. mts., with only 21,199 Installed solar panels on our highway, 360 kms from sq. mts. current
Slide 20: Experienced and qualified team (1/2)
Experienced and qualified team (1/2) Moats Samarth B Patel Jagrut R Patel Saurabh A Patel Ravi R Patel Vipul A Patel Chairman & ED1 Managing Director Non-Executive Director Chief Financial Officer President ▪ 5+ years of ▪ 10+ years of ▪ 5+ years of Experience ▪ 5+ years of Experience ▪ 5+ years of
Slide 21: Experienced and qualified team (1/2)
Experienced and qualified team (1/2) Moats Chirag Patel Hardik Sanghvi Dhaval Mistri Vinod Patel Dharmendra Patel Export & Marketing Export & Marketing Domestic Sales & Production Manager Quality Control Manager Manager Marketing Manager Manager ▪ 13+ years of Experience ▪ 10+ years of Experience ▪
Slide 22: Consistent financial performance (1/2)
Consistent financial performance (1/2) Moats In INR crores Revenue from operations EBITDA Profit after tax (PAT) 484.9 78.1 31.7 CAGR: 36% CAGR: 98% CAGR: 170% 399.9 58.8 305.1 18.3 34.8 194.0 10.3 10.0 1.6 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Gross profit margin EBITDA margin
Slide 23: Consistent financial performance (2/2)
Consistent financial performance (2/2) Moats Return on equity (RoE) Net debt/equity Inventory days 171 163 3.1 156 28.8% 2.8 2.8 142 22.8% 21.1% 1.1 4.7% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Return on capital employed (RoCE) Debtor days Cash conversion cycle 189 15.9% 16.6% 82
Slide 24: Historic income statement
Historic income statement Moats INR crores unless otherwise mentioned Particulars FY22 FY23 FY24 FY25 3-year CAGR Revenue from operations 194.0 305.1 399.9 484.9 36% Cost of materials consumed (incl. changes in WIP and finished goods) 161.1 212.6 262.0 336.4 Gross profit 32.9 92.5 137.9 148.5 65% Gr
Slide 25: Historic balance sheet
Historic balance sheet Moats INR crores unless otherwise mentioned Assets FY22 FY23 FY24 FY25 Fixed assets 45.2 62.1 81.6 103.5 Other non-current assets 10.5 12.2 22.8 34.2 Inventories 62.6 99.5 111.9 149.8 Trade Receivables 35.3 51.6 89.3 101.0 Cash and bank balances 0.7 10.4 22.4 44.0 Other curren
Slide 26: Historic cashflow statement
Historic cashflow statement Moats INR crores unless otherwise mentioned Particulars FY22 FY23 FY24 FY25 Net profit before tax 2.3 14.4 25.9 41.9 Adjustments for: Non-cash items and other investment/financial items 8.7 22.8 34.2 37.6 Operating profit before working capital changes 11.1 37.2 60.1 79.5
Slide 27: Key Strategies
04 Key Strategies
Slide 28: Key strategies
Key strategies Strategies Increase our existing production capacity Geographic expansion of customer base Strengthen our brand value 27
Slide 29: Increase our existing production capacity
Increase our existing production capacity Strategies Seamless production capacity (MTPA1) Capacity comparison Product Existing Post expansion 11x capacity expansion capacity capacity capacity +10,000 Seamless 10,068 MTPA 20,068 MTPA 10,068 Welded 1,020 MTPA 13,150 MTPA 1,800 Mother hollow 20,000 MTP
Slide 30: Geographic expansion of customer base
Geographic expansion of customer base Strategies Curated a strategic plan by leveraging extensive network of distributors, robust back-end, sound track-record, key product approvals & registrations, wide product portfolio and domain expertise Export revenue country split (FY25) (INR crores) Germany
Slide 31: Strengthen our brand value
Strengthen our brand value Strategies Participation in key exhibitions and expos ▪ Chemtech – Mumbai ▪ GSSE – Mumbai ▪ Stainless Steel World - Maastricht, Netherlands ▪ Tube & Wire - Dusseldorf, Germany ▪ Heat Exchanger World - Rotterdam, Netherlands ▪ Heat Exchanger World - Houston, Texas, USA ▪ St
Slide 32: Industry Overview
05 Industry Overview
Slide 33: Global demand contribution
Global demand contribution Overview Stainless steel tubes and pipes – Global demand split CY 2023 Oil and gas CY 2028E1 15-17% 15-17% Process industries 23-26% 24-27% 6-8% 5-7% ART 6-8% 6-8% ABC 11-13% 18-21% Water treatment 10-12% 19-22% Pharmaceuticals 14-16% 14-16% Others Global demand of SS tube
Slide 34: Stainless steel tubes and pipes – India outlook
Stainless steel tubes and pipes – India outlook Overview ▪ Strong growth in end-user industries like building and Stainless steel tubes and pipes demand (in 000’ tonnes) construction, automobile, oil and gas, manufacturing and food 450 and beverage will drive the demand of SS pipes and tubes 300 322
Slide 35: Select Financial Information
06 Select Financial Information
Slide 36: Income statement
Income statement Finance INR crores unless otherwise mentioned Particulars Q4 FY24 Q4 FY25 YoY change (%) FY24 FY25 YoY change (%) Revenue from operations 125.1 123.7 -1% 399.9 484.9 21% Cost of materials consumed (incl. changes in WIP and finished goods) 81.3 91.2 12% 262.0 336.4 28% Gross profit 4
Slide 37: Balance sheet
Balance sheet Finance INR crores unless otherwise mentioned Assets FY24 FY25 YoY change (%) Fixed assets 81.6 103.5 27% Other non-current assets 22.8 34.2 50% Inventories 111.9 149.8 34% Trade Receivables 89.3 101.0 13% Cash and bank balances 22.4 44.0 96% Other current assets 2.4 13.8 475% Total 33
Slide 38: Cashflow statement
Cashflow statement Strength INR crores unless otherwise mentioned Particulars FY24 FY25 YoY change (%) Net profit before tax 25.9 41.9 62% Adjustments for: Non-cash items and other investment/financial items 34.2 37.6 10% Operating profit before working capital changes 60.1 79.5 32% Changes in worki
Slide 39: Annexure
07 Annexure
Slide 40: Process flow
Process flow Annexure SS Round bars Raw material SS Coils Inspection Welded Seamless 1 Roll forming and Peeling process 1 TIG welding “U” bending 1 Hot piercing process 1 Solution annealing Bright annealing Hot finish pipe annealing 1 “U” bending by cold process 1 Straightening Straightening Coating
Slide 41: Safe harbor statement
Safe harbor statement This presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase any securities ("Securities") of Scoda Tubes Limited (“Scoda" or the "Company") in India or any other jurisdiction
Slide 42: For any further information/queries, please contact
For any further information/queries, please contact: Company Investor relations consultant Scoda Tubes Limited Capital Bridge Advisory Service Pvt. Ltd Mr. Ravi Patel Mr. Rutul Shah Mr. Raj Shah, CFA Chief Financial Officer rutul@capbridge.in raj@capbridge.in cs@scodatubes.com +91 82002 43766 +91 99