Company Overview
Scoda Tubes Limited (NSE: SCODATUBES, BSE: 544411) submitted its Annual Report for FY 2025-26 and issued notice for its 18th Annual General Meeting scheduled for September 26, 2026.
Financial Performance Highlights
Revenue from operations grew 6.96% YoY to ₹5,186.50 million (₹518.65 crores) in FY26 from ₹4,848.90 million (₹484.89 crores) in FY25. Profit After Tax increased 22.37% to ₹388.43 million (₹38.84 crores) from ₹317.41 million (₹31.74 crores). Export revenue showed strong growth of 39% to ₹1,714.65 million (₹171.47 crores), contributing 34.6% of total revenue versus 26.6% in FY25. Key margins improved with gross profit margin at 31.9% (vs 30.6%) and PAT margin at 7.5% (vs 6.5%).
Capital Market Activities & Corporate Actions
The company successfully completed its IPO with listing on NSE and BSE on June 4, 2025, raising ₹220 crores through a fresh issue of 15,714,200 equity shares at ₹140 per share. Promoter holding reduced to 66.43% as of March 31, 2026 from 90.04% a year earlier. The 18th AGM agenda includes reappointment of directors, revision of remuneration for key managerial personnel, enhancement of borrowing limits to ₹1,000 crores, approval of related party transactions, and alteration of articles of association.
Operational Capacity and Expansion
Scoda Tubes expanded its seamless production capacity to 20,068 MTPA across 33 production lines, with total combined capacity reaching 21,088 MTPA. The company commissioned an 8.79 MW captive rooftop solar power plant generating over 13.7 million kWh annually, resulting in estimated operational cost savings of ₹8.7 crores. The integrated manufacturing facility spans 37,156 square meters in Gujarat with 74,699 square meters available for future expansion.
Corporate Governance and Compliance
The Board comprises Mr. Samarth Bharatbhai Patel (Chairman), Mr. Jagrutkumar Rameshbhai Patel (Managing Director), Mr. Saurabh Amrutbhai Patel (Executive Director), and three independent directors. Twenty Board meetings were held during FY26 with strong attendance. The company maintained ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications along with various international approvals. No dividend was declared for FY26 to conserve resources for expansion.
Risk Factors and Outlook
The company faces risks from raw material price fluctuations, energy-intensive manufacturing, geopolitical conflicts, and lower-priced imports. Domestic demand is projected to grow at 8-10% CAGR through FY2027, with expansion planned into new end-use sectors including data centers. The company continues to focus on international market expansion, R&D for advanced alloys, and sustainable manufacturing practices.