Scoda Tubes Ltd

Scoda Tubes Ltd has announced the closure of its trading window for company insiders. This restriction on trading in the company's equity shares will be in effect from Thursday, October 01, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ended September 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, aimed at preventing insider trading and ensuring fair market practices.

Scoda Tubes Limited has responded to an exchange query regarding a significant increase in its equity share volume. The company stated that it has consistently complied with SEBI LODR Regulations and promptly disclosed all material information. Scoda Tubes is currently unaware of any undisclosed information or development that could explain the volume surge. The company attributes the movement in share volume to market-driven factors and general investor sentiment, assuring continued adherence to disclosure norms.

Scoda Tubes Ltd has informed the stock exchange about a change in the name of its secretarial auditor. The firm, previously known as M/s. ALAP & CO. LLP, Company Secretaries, will now be called M/s. Prasad and Partners LLP, Company Secretaries. This change is purely nominal, with no alterations to the terms, tenure, or scope of the appointment. The company had initially appointed M/s. ALAP & CO. LLP for a five-year term starting FY 2025-26.

Scoda Tubes Ltd has submitted its Annual Report for the financial year 2025-26, as per SEBI (LODR) Regulations, 2015. The report highlights the company's commitment to crafting excellence in stainless steel, powering industries across borders, and shaping a sustainable tomorrow. It details their product range including seamless pipes, tubes, instrumentation tubes, and welded tubes, serving sectors like oil & gas, chemicals, power, and pharmaceuticals. The company operates a 37,156 sq meter integrated facility in Gujarat with a seamless production capacity of 20,068 MTPA and has installed solar infrastructure generating 7.9 MW. Scoda Tubes serves 349 clients in 32 countries and holds international certifications like ISO 9001, ISO 14001, ISO 45001, PED, and AD 2000 Merkblatt WO.

Scoda Tubes Ltd held a board meeting on September 4, 2026. Key decisions included the appointment of Mr. Manish B. Analkat as Cost Auditor and M/s. HVG & Associates as Internal Auditor for the financial year 2026-27. The board also approved the Draft Director's Report for FY 2025-26 and decided to hold the 18th Annual General Meeting on September 26, 2026, via Video Conference/Other Audio-Visual Means. National Securities Depository Limited (NSDL) was appointed as the Remote E-Voting Agency, and M/s. PRASAD AND PARTNERS LLP was appointed as Scrutinizer for the AGM.

Scoda Tubes Ltd announced the appointment of Mr. Manish B. Analkat as Cost Auditor and M/s. HVG & Associates as Internal Auditor for the financial year 2026-27. The Board of Directors made these appointments during a meeting held on September 4, 2026. Additionally, the board approved the draft Director's Report for FY25-26, scheduled the 18th Annual General Meeting for September 26, 2026, appointed NSDL as the Remote E-Voting Agency, and M/s. PRASAD AND PARTNERS LLP as Scrutinizer for the AGM.

Scoda Tubes Ltd held a board meeting on September 4, 2026. Key decisions included the appointment of Mr. Manish B. Analkat as Cost Auditor for FY 2026-27 and M/s. HVG & Associates as Internal Auditor for FY 2026-27. The board also approved the Draft Director's Report for FY 2025-26 and decided to hold the 18th Annual General Meeting on September 26, 2026, via Video Conference (VC) or Other Audio-Visual Means (OAVM). National Securities Depository Limited (NSDL) was appointed as the Remote E-Voting Agency, and M/s. PRASAD AND PARTNERS LLP was appointed as Scrutinizer for the AGM.

Scoda Tubes Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CRISIL Ratings Limited, pertains to the utilization of proceeds from the company's Initial Public Offer (IPO). The filing confirms that the monitoring agency has reviewed the utilization of IPO proceeds in relation to the objects of the issue. No deviations from the stated objects were reported for the quarter. The IPO, which was a fresh issuance, raised Rs 2,200.00 million, with net proceeds of Rs 1999.93 million after deducting issue expenses.

Scoda Tubes Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results in a meeting held on August 12, 2026. The company's registered office is located in Mehsana, Gujarat. The results were reviewed by the Audit Committee and the Statutory Auditors provided an unmodified conclusion. The company operates solely in the manufacturing of stainless-steel pipes and tubes, making segment reporting inapplicable. It does not have subsidiaries, joint ventures, or associate companies, thus consolidated results are not presented.

Scoda Tubes' standalone revenue from operations grew 27.6% YoY to ₹124.35 Cr in Q1 FY27 (₹97.42 Cr in Q1 FY26), but was nearly flat QoQ (+0.6%) against ₹123.57 Cr in Q4 FY26. Profit after tax, however, fell 25.9% YoY to ₹5.25 Cr (₹7.08 Cr in Q1 FY26) and was down 16.9% QoQ from ₹6.32 Cr — a case of top-line growth being outrun by margin compression rather than a clean beat. There were no exceptional items in either the current or year-ago quarter, so this is a like-for-like decline, not an optics effect. The squeeze shows up on two lines. Raw-material cost consumed 80.6% of revenue this quarter versus 76.2% a year ago, pulling the operating margin (EBITDA/revenue) down to roughly 12.85% from 14.57% YoY (13.52% QoQ). Depreciation more than doubled YoY to ₹4.13 Cr from ₹1.57 Cr as new capacity — including the welded-tube segment management has been ramping up — was capitalised onto the books; finance costs rose 27% YoY to ₹6.48 Cr but held roughly flat as a share of revenue (5.2%). Net profit margin compressed to 4.22% from 7.14% YoY and 4.94% QoQ. Against management's own FY27 guidance from the Q4 FY26 concall — 25% revenue growth and 14-15% EBITDA margins, driven by welded-segment ramp-up and a targeted 40% export/60% domestic mix — this quarter's 27.6% YoY revenue growth is running ahead of the annual target, but the ~12.85% operating margin sits below the guided band, with the shortfall traceable to the raw-material and depreciation lines above. No published Street consensus with a specific revenue/PAT number could be found for this print, so vsStreet is unknown; broker previews (e.g. Univest's Q1 FY27 note) flagged commodity-price volatility and domestic realisations as the swing factors to watch but carried no hard estimate. The only other corporate development in the quarter's window was the June 25 insider-trading window closure ahead of results; the filing was accompanied by a limited review report with an unmodified conclusion. Basic EPS (not annualised) came in at ₹0.88 versus ₹1.44 in Q1 FY26 and ₹1.02 in Q4 FY26, tracking the profit decline. Management has flagged its FY27 growth forecast as conservative and due for a revisit in H1 FY27; the next checkpoint is whether the capacity ramp-up, backward integration and solar cost initiatives it has cited start showing up as margin recovery rather than further compression.