Scoda Tubes Ltd. · NSE:SCODATUBES
Scoda Tubes — Q3 FY26 Earnings Presentation
39 slides from Scoda Tubes's earnings presentation, Jan 31, 2026
Slide 1: Cover letter to stock exchanges
Date: January 31, 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 Presenta
Slide 2: Investor Presentation Q3 FY26 Earnings Update
Investor Presentation Q3 FY26 Earnings Update
Slide 3: Agenda
Agenda 01 Performance Update 02 About Scoda Tubes Limited 03 Sustainable Moats 04 Growth Strategy 05 Industry Overview Shaping a 06 Select Financial Information SUSTAINABLE TOMORROW 07 Annexure
Slide 4: Performance Update
SCODA TUBES LTD Performance Update 01
Slide 5: Performance snapshot – Q3 FY26
Performance snapshot – Q3 FY26 Revenue from INR 152.4 crores Cashflow from INR -51.0 crores operations (+17.3% y-o-y) operations2 (vs 22.7 crores in Q3 FY25) INR 47.0 crores Gross profit margin 30.9% Gross profit (vs 33.6% in Q3 FY25) (+7.5% y-o-y) INR 23.0 crores EBITDA margin 15.1% EBIDTA1 (vs 17.
Slide 6: Revenue split across geographies – Q3 FY26
Revenue split across geographies – Q3 FY26 In INR crores Domestic Exports Revenue - mix +9% +41% 104.3 48.1 95.9 26% 32% 34.1 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 74% Revenue 68% +17% 152.4 130.0 Q3 FY25 Q3 FY26 Domestic Exports Q3 FY25 Q3 FY26 5
Slide 7: Key financial highlights – Q3 FY26
Key financial highlights – Q3 FY26 In INR crores Revenue from operations EBITDA Profit after tax (PAT) +17.2% 152.4 +17.8% 23.1 23.0 11.5 9.7 130.0 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Gross profit margin EBITDA margin PAT margin 17.8% 7.5% 7.5% 33.7% 15.1% 30.9% Q3 FY25 Q3 FY26 Q3 FY25 Q
Slide 8: About Scoda Tubes Ltd
SCODA TUBES LTD About Scoda Tubes Ltd 02
Slide 9: 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 10: 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 11: A compounding story with significant milestones (2/2)
A compounding story with significant milestones (2/2) • Started product supplies to • Started supplying products to Triveni Turbine Laxmi Organics • Started supplying products to • Received BEML’s1 approval for • Started product supplies to key key entities under Indian product supply entities under
Slide 12: Sustainable Moats
SCODA TUBES LTD Sustainable Moats 03
Slide 13: Sustainable moats
Sustainable moats Extensive and effective quality control 04 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 production o
Slide 14: Specialized production of SS tubes and pipes
Specialized production of SS tubes and 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
Slide 15: International accreditations and product approvals
International accreditations and product approvals • Currently applied for Bureau Veritas Marine (France) and Rina Marine (Italy) standards • Company’s capabilities and accreditations have enabled Scoda Tubes to cater to 349 clients globally till date 14
Slide 16: Customer diversification and international presence
Customer diversification and international presence Strong presence in 32 countries1 Catering to clients across multiple sectors 68% Oil & gas Chemicals Fertilizers Power INR 4% 152.4 crores 28% India Europe Americas Pharmaceuticals Automotive Transportation2 Revenue split across geographies1 68.4%
Slide 17: Extensive and effective quality control
Extensive and 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 pro
Slide 18: Strategic location of facility and fully integrated production
Strategic location of facility and 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 Installed solar panels on our highway, 360 kms from sq. mts. currently dev
Slide 19: Experienced and qualified team (1/2)
Experienced and qualified team (1/2) 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 • 10+ years of • 10+ years of • 10+ years of • 10+ years of Experience • 10+ years of Experience Ex
Slide 20: Experienced and qualified team (2/2)
Experienced and qualified team (2/2) + + + + + CHIRAG PATEL HARDIK SANGHVI DHAVAL MISTRI VINOD PATEL DHARMENDRA PATEL Export & Marketing Export & Marketing Domestic Sales & Production Quality Control Manager Manager Marketing Manager Manager Manager • 13+ years of • 10+ years of • 13+ years of • 19+
Slide 21: Consistent financial performance (1/2)
Consistent financial performance (1/2) In INR crores Revenue from operations EBITDA Profit after tax (PAT) 484.9 78.1 CAGR: 36% 31.7 399.9 CAGR: 98% CAGR: 170% 58.8 305.1 18.3 194.0 34.8 10.3 10.0 1.6 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Gross profit margin EBITDA margin PAT m
Slide 22: Consistent financial performance (2/2)
Consistent financial performance (2/2) In INR crores Return on equity (RoE) Net debt/equity Inventory days 3.1 171 28.8% 2.8 2.8 156 163 142 22.8% 21.1% 1.1 4.7% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Return on capital employed Debtor days Cash conversion cycle (RoCE) 189 15.9%
Slide 23: Historic income statement
Historic income statement 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% Gross pr
Slide 24: Historic balance sheet
Historic balance sheet 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 current asse
Slide 25: Historic cashflow statement
Historic cashflow statement 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 Chang
Slide 26: Key Strategies
SCODA TUBES LTD Key Strategies 04
Slide 27: Key strategies
Key strategies Strategies Increase our existing production capacity Geographic expansion of customer base Strengthen our brand value 26
Slide 28: Increase our existing production capacity
Increase our existing production capacity Seamless production capacity (MTPA1) Capacity comparison 11x capacity expansion Product Existing Post expansion capacity capacity capacity Seamless1 10,068 MTPA 20,068 MTPA 20,068 Welded 1,020 MTPA 13,150 MTPA 1,800 Mother hollow 20,000 MTPA Inception FY18 F
Slide 29: Geographic expansion of customer base
Geographic expansion of customer base 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 Exported to 32 countries since inception Exporting countries Headqua
Slide 30: Strengthen our brand value
Strengthen our brand value 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 • Stainless Sho
Slide 31: Industry Overview
SCODA TUBES LTD Industry Overview 05
Slide 32: Global demand contribution
Global demand contribution Stainless steel tubes and pipes – Global demand split CY 2023 Oil and gas CY 2028E1 15-17% 15-17% Process industries 6-8% 23-26% 24-27% ART 5-7% 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 tubes and pip
Slide 33: Stainless steel tubes and pipes – India outlook
Stainless steel tubes and pipes – India outlook • 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 and beverage will drive the demand of SS pipes and tubes 450 300 322 • Policy
Slide 34: Select Financial Information
SCODA TUBES LTD Select Financial Information 06
Slide 35: Income statement
Income statement INR crores unless otherwise mentioned Particulars Income Q3 FY25 Q3 FY26 YoY change Revenue from operations 130.0 152.4 17.2% Cost of materials consumed (incl. changes in WIP and finished goods) 86.3 105.4 22.1% Gross profit 43.7 47.0 7.5% Gross profit margin 33.7% 30.9% -280bps Emp
Slide 36: Annexure
SCODA TUBES LTD 07 Annexure
Slide 37: 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 38: 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 39: 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 Rutul Shah Chief Financial Officer raj@capbridge.in rutul@capbridge.in cs@scodatubes.com +91 99259 11296 +91 82002 43766 Sc