Scoda Tubes Ltd. · NSE:SCODATUBES
Scoda Tubes — Q2 FY27 Earnings Presentation
40 slides from Scoda Tubes's earnings presentation, Nov 6, 2026
Slide 1: Cover letter to stock exchanges
Date: November 06, 2026 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 Present
Slide 2: Investor Presentation Q2 FY27 Earnings Update
Investor Presentation Q2 FY27 Earnings Update
Slide 3: Agenda
Agenda 01 Performance Update 02 About Scoda Tubes Limited 03 Sustainable Moats 04 Growth Strategy 05 Select Financial Information Shaping a 06 Annexure SUSTAINABLE TOMORROW
Slide 4: Performance Update
SCODA TUBES LTD Performance Update 01
Slide 5: Performance Snapshot – H1 FY27
Performance Snapshot – H1 FY27 Revenue From ₹ 273.3 crores Cashflow From ₹ 53.4 crores Operations (+12.6% y-o-y) Operations (vs -51.0 crores in H1 FY26) Gross Profit ₹ 89.6 crores Gross Profit Margin 32.8% (+15.9% y-o-y) (vs 31.8% in H1 FY26) EBITDA1 ₹31.8 crores 11.6% EBITDA Margin (-13.0% y-o-y) (
Slide 6: Chairperson & Executive Director's Commentary
Chairperson & Executive Director’s Commentary During Q2 FY27, we continued to navigate a dynamic operating environment marked by intensifying competition from private players and elevated power, fuel, and freight costs. Despite these challenges, our focus remains on improving operational efficiencie
Slide 7: Revenue Split Across Geographies – H1 FY27
Revenue Split Across Geographies – H1 FY27 In INR crores Domestic Exports Revenue - Mix -6.6% +59.4% 171.8 112.9 160.4 70.8 29% 41% H1 FY26 H1 FY27 H1 FY26 H1 FY27 71% Revenue 59% +12.7% 273.3 242.7 H1 FY26 H1 FY27 Domestic Exports H1 FY26 H1 FY27 6
Slide 8: Revenue Split Across Geographies – Q2 FY27
Revenue Split Across Geographies – Q2 FY27 In INR crores Domestic Exports Revenue - Mix -11.6% +41.6% 55.1 106.2 93.8 38.9 27% 37% Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 73% Revenue 63% +2.6% 145.3 148.9 Q2 FY26 Q2 FY27 Domestic Exports Q2 FY26 Q2 FY27 6
Slide 9: Key Financial Highlights – H1 FY27
Key Financial Highlights – H1 FY27 In INR crores Revenue From Operations EBITDA Profit After Tax (PAT) +12.6% -13.0% -52.3% 273.3 242.7 36.5 31.8 21.1 10.0 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Gross Profit Margin EBITDA Margin PAT Margin +93 bps -343 bps -500 bps 8.7% 32.8% 15.1% 11.6% 31
Slide 10: Key Financial Highlights – Q2 FY27
Key Financial Highlights – Q2 FY27 In INR crores Revenue From Operations EBITDA Profit After Tax (PAT) +2.5% -29.3% -65.7% 22.3 148.9 14.0 15.8 145.3 4.8 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Gross Profit Margin EBITDA Margin PAT Margin -21 bps -478 bps -640 bps 9.6% 33.6% 33.4% 15.4% 10.6
Slide 11: About Scoda Tubes Ltd
SCODA TUBES LTD About Scoda Tubes Ltd 02
Slide 12: Scoda Tubes Limited At A Glimpse
Scoda Tubes Limited At A Glimpse • Fully integrated manufacturer of SS1 seamless and SS welded products 37,156+ 20,000 Sq. mtrs MTPA • These products are further categorised into: SS seamless Plot size of manufacturing Mother hollow capacity for pipes, SS seamless tubes, SS seamless "U" tubes, SS fa
Slide 13: A Compounding Story With Significant Milestones (1/2)
A Compounding Story With Significant Milestones (1/2) Received vendor approval from BHEL’s1 Received vendor HEEP2 Haridwar facility approval from EIL7 Incorporated for product supply for product supply the company 2010 2013 2017 2008 2012 2014 Commenced • Received vendor approvals from • Started pro
Slide 14: A Compounding Story With Significant Milestones (2/2)
A Compounding Story With Significant Milestones (2/2) • Started product supplies to • Started supplying products to • Started supplying Triveni Turbine Laxmi Organics products to key entities • Received BEML’s1 approval for • Started product supplies to key under Indian Railways: product supply enti
Slide 15: Sustainable Moats
SCODA TUBES LTD Sustainable Moats 03
Slide 16: Sustainable Moats
Sustainable Moats Extensive & Effective Quality Control 04 03 05 Strategic Location Of Facility International Accreditations & & Fully Integrated Production Product Approvals 02 06 Customer Diversification & Experienced & International Presence Qualified Team 01 07 Specialized Production of Consiste
Slide 17: Specialized Production Of SS Tubes & Pipes
Specialized Production Of SS Tubes & Pipes 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: 0.70mm to
Slide 18: International Accreditations & Product Approvals
International Accreditations & Product Approvals • Audit successfully completed for Rina Marine (Italy) waiting for certificate & currently applied for Bureau Veritas Marine (France) standards. • Company’s capabilities and accreditations have enabled Scoda Tubes to cater to 349 clients globally till
Slide 19: Customer Diversification & International Presence
Customer Diversification & International Presence Strong Presence In 32 Countries1 Catering To Clients Across Multiple Sectors 59% Data Centre Chemicals Fertilizers Oil & Gas INR 2% 273.3 9% crores 30% India Europe Americas Others Pharmaceuticals Automotive Transportation2 Power Revenue Split Across
Slide 20: Extensive & Effective Quality Control
Extensive & Effective Quality Control • 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 tubular prod
Slide 21: Strategic Location of Facility & Fully Integrated Production
Strategic Location of Facility & Fully Integrated Production Strategically Land Available For Future Sustainable Located Expansion Production On Ahmedabad-Mehsana • Available land parcel of 74,699 sq. mts., with only 37,156 sq. • Installed solar panels on our highway, 360 kms from Mundra mts. curren
Slide 22: Experienced & Qualified Team
Experienced & Qualified Team SAMARTH B PATEL JAGRUT R PATEL SAURABH A PATEL RAVI R PATEL VIPUL A PATEL Chairperson & ED1 Managing Director Non-Executive Director Chief Financial Officer President • 10+ years of • 10+ years of • 10+ years of • 10+ years of Experience • 10+ years of Experience Experie
Slide 23: Consistent Financial Performance (1/2)
Consistent Financial Performance (1/2) In INR crores Revenue From Operations EBITDA Profit After Tax (PAT) CAGR: 30% 78.1 76.2 CAGR: 56% 38.8 CAGR: 19% 40 484.9 518.7 31.7 58.8 399.9 30 305.1 18.3 34.8 20 10.3 10 0 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Gross Gross Profit Profit
Slide 24: Consistent Financial Performance (2/2)
Consistent Financial Performance (2/2) In INR crores Return On Equity (ROE) Net Debt/Equity Inventory Days 2.8 2.8 217 28.8% 22.8% 171 163 21.1% 156 1.1 9.9% 0.3 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Return On Capital Employed Debtor Days Cash Conversion Cycle (ROCE) 16.6% 97 2
Slide 25: Historic Income Statement
Historic Income Statement ₹ Crores Unless Otherwise Mentioned Particulars FY26 FY25 FY24 FY23 3-year CAGR Revenue from operations 518.7 484.9 399.9 305.1 19.3% Cost of materials consumed (incl. changes in WIP and finished goods) 353.2 336.4 262.0 212.6 Gross Profit 165.4 148.5 137.9 92.5 21.4% Gross
Slide 26: Historic Balance Sheet
Historic Balance Sheet ₹ Crores Unless Otherwise Mentioned Assets FY26 FY25 FY24 FY23 Fixed assets 194.0 103.5 81.6 62.1 Other non-current assets 49.4 34.2 22.8 12.2 Inventories 209.8 149.8 111.9 99.5 Trade receivables 138.0 101.0 89.3 51.6 Cash and bank balances 74.2 43.9 22.4 10.4 Other current as
Slide 27: Historic Cashflow Statement
Historic Cashflow Statement ₹ Crores Unless Otherwise Mentioned Particulars FY26 FY25 FY24 FY23 Net profit before tax 52.7 41.9 25.9 14.4 Adjustments for: non-cash items and other investment/financial items 30.0 37.6 34.2 22.8 Operating profit before working capital changes 82.8 79.5 60.1 37.2 Chang
Slide 28: Key Strategies
SCODA TUBES LTD Key Strategies 04
Slide 29: Key Strategies
Key Strategies Strategies Increase Our Existing Production Capacity Captive Solar Project Strengthen Our Brand Value 26
Slide 30: Increase Our Existing Production Capacity
Increase Our Existing Production Capacity Production Capacity (MTPA1) Capacity Comparison Product Existing Post Expansion 8,000 Capacity Capacity Capacity 23x capacity expansion 12,130 Seamless 10,068 MTPA 20,068 MTPA 33,218 12,130 Welded 1,020 MTPA 21,150 MTPA 21,088 21,088 1,800 Mother Hollow 20,0
Slide 31: Captive Solar Project
Captive Solar Project Ground Mounted Solar Plant Gujarat Capacity (Per Plant) 3.9 MW(AC) / 4.99 MW(DC) Annual Generation 7.74 Million KWH Annual Saving In Electricity Bill ₹ 4.87 crores Reduces Power Cost Volatility Strengthens ESG Positioning Improves Long-Term Operation Margins 28
Slide 32: Strengthen Our Brand Value
Strengthen Our Brand Value Participation In Key Exhibitions & 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 • Stainless Show,
Slide 33: Select Financial Information
SCODA TUBES LTD Select Financial Information 05
Slide 34: Income statement
Income statement ₹ Crores Unless Otherwise Mentioned Particulars H1 FY27 H1 FY26 YoY change Q2 FY27 Q2 FY26 YoY change Revenue from operations 273.3 242.7 12.6% 148.9 145.3 2.5% Cost of materials consumed (incl. changes in WIP and finished goods) 183.7 165.4 11.1% 99.2 96.4 2.9% Gross Profit 89.6 77
Slide 35: Balance Sheet
Balance Sheet INR Crores Unless Otherwise Mentioned Assets H1 FY27 H1 FY26 Fixed assets 264.6 146.1 Other non-current assets 83.7 30.9 Inventories 227.1 213.8 Trade receivables 136.0 154.0 Cash and bank balances 49.5 135.7 Other current assets 31.7 27.9 Total Assets 792.6 708.5 Equity & Liabilities
Slide 36: Cashflow Statement
Cashflow Statement ₹ Crores Unless Otherwise Mentioned Particulars H1 FY27 H1 FY26 Net profit before tax 13.0 28.0 Adjustments for: non-cash items and other investment/financial items 19.9 10.5 Operating profit before working capital changes 32.9 38.5 Changes in working capital 27.7 -74.6 Direct tax
Slide 37: Annexure
SCODA TUBES LTD 06 Annexure
Slide 38: Process Flow
Process Flow 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 & pickli
Slide 39: 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 40: 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 Ravi Patel Raj Shah, CFA Hrishit Jhaveri, CFA Chief Financial Officer raj@capbridge.in hrishit@capbridge.in cs@scodatubes.com +91 99259 11296 +91 90