Incorporated in 2008, Scoda Tubes Limited is a prominent manufacturer of stainless steel tubes and pipes. Since its inception, the company has established itself as a leading name in the industry, offering high-quality seamless and welded stainless steel solutions for a global market. With over 14 years of industry experience, Scoda Tubes operates with a vision that blends technological advancement with environmental responsibility.
The company specializes in producing both seamless and welded variants across five main product lines: stainless steel seamless pipes, seamless tubes, "U" tubes, instrumentation tubes, and welded tubes.
Scoda Tubes' product portfolio is broadly categorized into two types: (i) seamless tubes/pipes and (ii) welded tubes/pipes.
Product Portfolio:
- Stainless Steel Seamless Pipes
- Stainless Steel Seamless Tubes
- Stainless Steel Seamless U-Tubes
- Stainless Steel Instrumentation Tubes
- Stainless Steel Welded Tubes and U-Tubes
The company operates a fully integrated production setup with backward integration capabilities. Its state-of-the-art manufacturing facility includes an in-house hot piercing mill for producing mother hollows, which are the primary raw materials for stainless steel seamless products. This backward integration strategy reduces reliance on external suppliers and enables significant cost efficiencies in the production process.
Manufacturing Facility:
The company's manufacturing facility is strategically located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat. This location is approximately 360 km from Mundra Port and 23 km from an Inland Container Depot, which helps in reducing logistics costs and facilitating smooth export operations.
Scoda Tubes' products are extensively used by engineering, EPC, and industrial firms across diverse sectors, including oil and gas, chemicals, power, pharmaceuticals, automotive, and transportation. The company caters to over 230 customers.
The company has established a strong global presence through extensive distribution networks, supplying products to 49 stockists across domestic and international markets. It has exported to 16 countries, including the United States, Germany, Netherlands, Italy, Spain, and France. As of December 2024, exports have contributed up to 30.84% of revenue in some financial years.
Scoda Tubes maintains stringent quality standards, evidenced by its comprehensive certifications:
- ISO 9001:2015: For quality management systems.
- ISO 14001:2015: For environmental management systems.
- ISO 45001:2018: For occupational health and safety.
(All certified by TUV SUD South Asia)
Additionally, the company holds multiple product-specific accreditations, including PED (EU), IBR (India), and DNV certifications. Scoda Tubes employs a quality control team of 14 personnel and conducts extensive testing at all production stages. The company reports a low rejection rate of approximately 2.6% internally and 0.31% by customers in FY24, highlighting its commitment to quality.
Scoda Tubes has demonstrated consistent financial growth over the years.
- Market Capitalization: ₹1,273 Crore
- Revenue (FY24): ₹485 Crore
- Profit (FY24): ₹31.7 Crore
Financially, the company's revenue has shown significant growth, from ₹194 crore in FY22 to ₹400 crore in FY24. Profit after tax also increased substantially from ₹1.63 crore in FY22 to ₹18.3 crore in FY24. The company's EBITDA margin, reflecting operating efficiency, improved from 5.15% in FY22 to 14.7% in FY24. Return on Equity (RoE) stands at a healthy 28.77%, indicating strong profitability relative to shareholder investment.
The shares of Scoda Tubes Ltd were listed on BSE and NSE on June 4, 2025, with the IPO price band set at ₹140 per share. The company's stock has shown significant performance since listing.
Key Stock Metrics:
- 52-week High: ₹213.00
- 52-week Low: ₹136.00
Scoda Tubes is dedicated to environmentally sound operations. Its fully integrated manufacturing facility is equipped with state-of-the-art solar infrastructure, enabling a reduction in its carbon footprint while increasing energy efficiency. The company continually adopts clean practices and invests in technology that supports sustainable industrial growth.
The company's promoters include Samarth Patel, Jagrutkumar Patel, Ravi Patel, Saurabh Patel, and Vipulkumar Patel. Promoter holding in Scoda Tubes Ltd has adjusted from 100.00% as of Sep 2024 to 66.43% as of Jun 2025.
Scoda Tubes Ltd continues to strengthen its position in the stainless steel industry through strategic investments in capacity expansion, technological advancement, and sustainable manufacturing practices. The company's commitment to quality, customer satisfaction, and environmental responsibility positions it well for future growth in the global stainless steel market.
