Manufactures steel tubes and pipes from a plant in Mehsana, Gujarat, selling to domestic and overseas customers. FY26 revenue was ₹518.65 crore, with net profit of ₹38.84 crore. Export revenue grew 39% year-on-year to ₹179.5 crore, now 34.6% of total revenue. The cost structure is dominated by raw materials at 79.9% of revenue, with other operating expenses at 15.2%, employee costs at 2.0% and depreciation at 1.8%. Capital expenditure ran at 22.3% of revenue. The company completed its IPO in June 2025, issuing 15.7 million shares at ₹140 per share on NSE and BSE and raising ₹2,200 million. IPO proceeds helped cut Net Debt/Equity to 0.3x from 1.1x and fund a 23x capacity expansion roadmap targeting 21,088 MTPA. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Steel tubes and pipes, Export sales (35%). Asset-heavy steel tubes and pipes manufacturer, recently listed
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 485 | 519 |
| EBITDA (ex other income) | 78 | 76 |
| margin % | 16.1 | 14.7 |
| Owners' profit | 32 | 39 |
| EPS, as reported (₹) | 7.60 | 6.79 |
| ROE % · ROCE % | 21.1 · 31.4 | 10.0 · 17.7 |
| Debt / equity (x) | 1.40 | 0.47 |
| Cash from operations | 18 | (14) |
| Capex | (40) | (116) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 124 | 97 | 145 | 152 | 124 | 124 |
| Profit before tax | 9 | 9 | 19 | 15 | 9 | 7 |
| Net profit | 7 | 7 | 14 | 11 | 6 | 5 |
| EPS (₹) | 1.51 | 1.44 | 2.42 | 1.91 | 1.02 | 0.88 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Newspaper ad for 18th AGM notice published | compliance | minimal | — | — |
| 4 Sept 2026 · Scoda Tubes 18th AGM on Sep 26, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Scoda Tubes submits Annual Report for FY2025-26 | investor communications | medium | — | — |
| 4 Sept 2026 · Board approves auditors, calls 18th AGM on Sep 26, 2026 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Board appoints cost auditor and internal auditor for FY 2026-27 | management changes | medium | — | — |
| 4 Sept 2026 · SCODA TUBES board outcome: auditors appointed, 18th AGM set for Sep 26 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Monitoring Agency Report on IPO proceeds for quarter ended June 2026 | compliance | minimal | — | — |
| 13 Aug 2026 · Scoda Tubes Q1 FY27: Revenue up 27.6%, PAT down 25.9% on margin pressure | investor communications | medium | — | — |
| 12 Aug 2026 · Scoda Tubes Q1 FY27: Revenue up 27.6% YoY, PAT jumps to Rs 52.5M | results | medium | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Revenue Up 28% YoY, Margins Under Pressure | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| GODAWARI POW & ISP LTD |
| 15,875 |
| 18.6 |
| 2.71 |
| 12.0 |
| 13.7 |
| 17.0 |
| 5.7 |
| 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.9 | 16.2 | 73 of 118 | 39% |
| P/B | 2.0 | 1.7 | 58 of 99 | 42% |
| ROCE | 12.0 | 8.7 | 46 of 120 | 62% |
| ROE | 9.9 | 8.6 | 50 of 114 | 57% |
| Debt / Equity | 0.5 | 0.1 | 92 of 114 | 20% |
| EBITDA margin | 14.2 | 11.0 | 38 of 100 | 63% |
| Revenue growth | 27.6 | 13.7 | 29 of 97 | 71% |
| Profit growth | (25.9) | 29.3 | 82 of 105 | 22% |
| Market cap | 779 | 247 | 45 of 120 | 63% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
