Scoda Tubes Ltd. · NSE:SCODATUBES
Scoda Tubes — Q1 FY26 Earnings Presentation
39 slides from Scoda Tubes's earnings presentation, Aug 12, 2025
Slide 1: Cover letter to stock exchanges
Date: August 12, 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 Presentat
Slide 2: Investor Presentation Q1 FY26 Earnings Update
Investor Presentation Q1 FY26 Earnings Update
Slide 3: Agenda
SCODA TUBES LTD Agenda 01 Performance Update 02 About Scoda Tubes Limited 03 Sustainable Moats 04 Growth Strategy 05 Industry Overview 06 Select Financial Information 07 Annexure
Slide 4: Performance Update
SCODA TUBES LTD 01 Performance Update
Slide 5: Performance snapshot – Q1 FY26
Performance snapshot – Q1 FY26 Performance Revenue from INR 97.4 crores EBIDTA1 INR 14.2 crores operations (+6% y-o-y) (-3% y-o-y) Domestic INR 65.5 crores EBITDA margin 14.6% revenue (+7% y-o-y) (vs 15.9% in Q1 FY25) Export revenue INR 31.9 crores Profit after tax INR 7.1 crores (+3% y-o-y) (PAT) (
Slide 6: Revenue split across geographies – Q1 FY26
Revenue split across geographies – Q1 FY26 In INR crores Performance Revenue - mix Domestic Q1 FY25 61.0 +7% Q1 FY26 65.5 34% 33% Q1 FY25 30.9 Exports +3% Q1 FY26 31.9 66% 67% Q1 FY25 91.9 Revenue +6% Q1 FY25 Q1 FY26 Q1 FY26 97.4 Domestic Exports 5
Slide 7: Key financial highlights – Q1 FY26
Key financial highlights – Q1 FY26 Performance In INR crores Revenue from operations EBITDA Profit after tax (PAT) +6% +48% 14.6 7.1 97.4 14.2 4.8 91.9 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Gross profit margin EBITDA margin PAT margin +206 bps 33.2% 7.3% 29.2% 15.9% 14.6% 5.2% Q1 FY25 Q1 F
Slide 8: About Scoda Tubes Limited
SCODA TUBES LTD 02 About Scoda Tubes Limited
Slide 9: 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 These products are further categorised into: SS seamless pipes, SS seamless tubes, SS seamless
Slide 10: 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 11: 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 12: Sustainable Moats
SCODA TUBES LTD 03 Sustainable Moats
Slide 13: 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 14: 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 15: 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 cater
Slide 16: Customer diversification and international presence
Customer diversification and international presence Moats Strong presence in 32 countries1 Catering to clients across multiple sectors 67% INR 5% 97.4 crores 27% Oil & gas Chemicals Fertilizers Power India Europe Americas Revenue split across geographies1 Domestic 67.2% Pharmaceuticals Automotive Tr
Slide 17: 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 tubular p
Slide 18: 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. currently
Slide 19: 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 10+ years of 10+ years of 10+ years of 10+ years of Experience 10+ years of Experience Experi
Slide 20: Experienced and qualified team (2/2)
Experienced and qualified team (2/2) 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 13+ ye
Slide 21: 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 18.3 194.0 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
Slide 22: 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 23: 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 24: 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 25: 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 26: Key Strategies
SCODA TUBES LTD 04 Key Strategies
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 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 1,800 Welded 1,020 MTPA 13,150 MTPA Mother hollow 20,000 MTP
Slide 29: 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 (Q1 FY26) (INR crores) Germa
Slide 30: 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 Stainless Show,
Slide 31: Industry Overview
SCODA TUBES LTD 05 Industry Overview
Slide 32: 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 33: 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 2
Slide 34: Select Financial Information
SCODA TUBES LTD 06 Select Financial Information
Slide 35: Income statement
Income statement Finance INR crores unless otherwise mentioned Particulars Q1 FY25 Q1 FY26 YoY change Revenue from operations 91.9 97.4 6% Cost of materials consumed (incl. changes in WIP and finished goods) 61.3 69.0 13% Gross profit 30.5 28.4 -7% Gross profit margin 33.2% 29.2% -408 bps Employee b
Slide 36: Annexure
SCODA TUBES LTD 07 Annexure
Slide 37: 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 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 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