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What is the business of Scoda Tubes?

The company is a stainless-steel tubes and pipes manufacturer based in India having over 14 years of experience . Its products are broadly categorised into: (i) seamless tubes/pipes; and (ii) welded tubes and pipes, under five (5) product lines, namely, (i) stainless steel seamless pipes; (ii) stainless steel seamless tubes; (iii) stainless steel seamless “U” tubes; (iv) stainless steel instrumentation tubes; and (v) stainless steel welded tubes and “U” tubes (“Products” or “Stainless Steel Products”).

It markets its Products under the brand, “Scoda Tubes Limited”. Its Products are used by a diverse range of customers like engineering companies, EPC and industrial companies engaged in Oil and Gas, Chemicals, Fertilisers, Power, Pharmaceuticals, Automotive, Railways and Transportation sectors. In addition, it operates a hot piercing mill for the production of mother hollow, which is the principal raw material for its stainless-steel seamless products. Currently, its hot piercing mill has a production capacity of 20,000 MT per annum.

It has one manufacturing plant which is strategically located at Ahmedabad-Mehsana Highway, Rajpur, Kadi, Mehsana, Gujarat in close proximity of around 200 kilometres from the Mundra port, which serves as a key port for exports, and is located 23 kilometres from Inland Container Depot, ensuring sound access and connectivity, and aiding it in reducing its logistics costs.

As of August 31, 2024, its Manufacturing Facility has a total installed capacity of 20,000 MT per annum of mother hollow, 10,068 MT per annum of seamless products and 1,020 MT per annum of welded products. Further, it has storage facility at its Manufacturing Facility for the purposes of holding inventory of raw materials and finished products.

Scoda Tubes caters to both the domestic as well as the international markets. In the domestic market, it sell its Products to stockists, engineering, EPC and industrial companies engaged in Oil and Gas, Chemicals, Fertilisers, Power, Pharmaceuticals, Automotive, Railways and Transportation sectors. I

In Fiscal 2024, the company has exported to 16 countries including United States, Germany, Netherlands, Italy, Spain, France and several others. The revenues from exports aggregated to Rs.832.24 million Rs.941.21 million and Rs.592.14 million for Fiscals 2024, 2023 and 2022, respectively, and as a percentage of its revenue from operations, were 20.82%, 30.84%, and 30.52%, respectively.

For more information, click www.scodatubes.com 

Scoda Tubes IPO GMP, Particulars & Guidance

Scoda Tubes IPO Guidance by Paresh Gordhandas, CA & Research Analyst.

Scoda Tubes Limited, a trusted name in precision stainless steel tube and pipe manufacturing, has carved a niche for itself over the past 14 years. Headquartered in India, the company specializes in a broad spectrum of stainless-steel products, classified into two main categories—seamless and welded tubes/pipes—offered across five distinctive product lines:

1. Stainless steel seamless pipes

2. Stainless steel seamless tubes

3. Stainless steel seamless “U” tubes

4. Stainless steel instrumentation tubes

5. Stainless steel welded tubes and “U” tubes

These products, proudly marketed under the “Scoda Tubes Limited” brand, serve a wide array of sectors including Oil & Gas, Chemicals, Fertilizers, Power, Pharmaceuticals, Automotive, Railways, and Transportation. Scoda is not just a manufacturer but an enabler of industrial progress.

Strategic Infrastructure & Global Reach

At the heart of Scoda’s operations is its advanced manufacturing facility located on the Ahmedabad-Mehsana Highway in Gujarat—just 200 km from Mundra Port and a mere 23 km from an Inland Container Depot. This strategic location ensures excellent connectivity for exports while optimizing logistics costs.

The company operates a dedicated hot piercing mill, producing mother hollows—key raw materials for its seamless products. As of August 31, 2024, Scoda’s manufacturing capacity stands at:

• 20,000 MT/year for mother hollows

• 10,068 MT/year for seamless products

• 1,020 MT/year for welded products

The facility also includes storage units for raw materials and finished goods, enabling efficient inventory management.

Scoda Tubes caters to both domestic and international markets. Domestically, it serves stockists and industrial giants across major sectors. Internationally, its footprint spans 16 countries including the United States, Germany, Italy, Netherlands, France, and Spain—making it a truly global player.

Robust Financial Growth

Scoda’s financial trajectory speaks volumes about its operational efficiency and market demand. In FY 2023–24, the company’s total income surged to Rs. 399.81 crore, up from Rs. 305.13 crore in the previous year. Despite rising material costs and increased depreciation and interest expenses, Scoda’s bottom line improved, thanks to economies of scale. The growth trend continued through the first 9 months of FY 2024–25, highlighting sustained momentum.

Investment Opportunity

The IPO offers a compelling investment case:

• Valuation: Shares are attractively priced at a PE multiple of 30.40 (based on FY 2023–24 earnings), with potential for upside based on the strong 9-month FY 2024–25 performance.

• Issue Size: The total offer is Rs. 220 crore, with Rs. 33 crore allocated to HNIs and Rs. 77 crore to retail investors.

• High Demand Likely: Given the relatively small issue size and Scoda’s strong fundamentals, significant oversubscription is anticipated.

Verdict: Apply

With proven manufacturing expertise, expanding global reach, strong financials, and a well-priced offer, Scoda Tubes Limited presents a promising opportunity for investors seeking exposure to India’s industrial growth story. The time to invest is now—before the crowd catches on.

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Scoda Tubes IPO GMP

Scoda Tubes IPO GMP today details

Scoda Tubes IPO GMP today, Details, Guidance, Subscription Status, allotment