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ScodaTubesLimited IPO

Scoda Tubes Limited IPO

IPO Doc

Start Date28-05-2025

Application Timing10am-5pm

Price Range₹130 - ₹140

Min Qty100

Min. Investment₹14000

Listing DateNA

Close Date30-05-2025

About Scoda Tubes Limited IPO

Scoda Tubes Limited, established in 2008, is a prominent manufacturer of stainless steel tubes and pipes in India. The company specializes in both seamless and welded tube variants, catering to high-demand sectors such as oil & gas, chemicals, power, fertilizers, pharmaceuticals, automotive, railways, and transportation.

Scoda’s product range includes:

Stainless steel seamless pipes & tubes

Stainless steel “U” tubes

Instrumentation tubes

Welded tubes and “U” tubes

With a strategically located manufacturing facility on the Ahmedabad–Mehsana highway in Gujarat, Scoda operates a hot piercing mill for producing mother hollows, an essential raw material for its seamless tubes.

The company boasts a robust domestic and international presence:

49 stockists across India and overseas

Exports to 16 countries, including the USA, Germany, Italy, Spain, Netherlands, and France

Distribution through dedicated stockists in Europe and the USA

As of August 2024, Scoda Tubes employed 496 workers, including 149 permanent employees and 347 contract workers, signifying its growing operational strength and expanding market footprint.

Why To Invest in Scoda Tubes Limited IPO

Strong Financial Growth :

Revenue has grown from 195.05 Cr in FY22 to 402.49 Cr in FY24 (Mar).
Profit After Tax (PAT) surged from 1.64 Cr in FY22 to 24.91 Cr by Dec 2024.
Return on Equity (ROE) and Return on Net Worth (RoNW) are both at 28.77%, indicating strong profitability.

Expanding Global Presence :

The company exports to 16 countries and has established relationships with international distributors and stockists, ensuring consistent demand from global markets.

Capacity Expansion Plans :

IPO proceeds include 76.99 Cr allocated to expand production capacity, potentially increasing future revenues and market share.

Sectoral Demand :

Stainless steel tubes and pipes are in high demand in sectors like oil & gas, construction, pharma, and transportation all of which are on a growth trajectory in India and globally.

Attractive Valuations :

Market Capitalization: 838.73 Cr
Price-to-Book Value: 8.76
Reasonable price band of 130–140 per share

Financial Table

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	428.49	330.42	238.26	156.06
Revenue	363.48	402.49	307.79	195.05
Profit After Tax	24.91	18.30	10.34	1.64
Net Worth	143.55	63.61	45.31	34.98
Reserves and Surplus	99.35	62.33	44.03	33.69
Total Borrowing	202.16	202.66	139.31	109.90

Strengths And Risks

Diverse Product Portfolio: Offers a wide range of stainless steel tube and pipe solutions for multiple industries.

Strong Export Network: Global presence in 16 countries ensures revenue diversification and reduces dependence on the domestic market.

Robust Financial Performance: Significant growth in revenue, profitability, and net worth over the last three years.

Operational Efficiency: Use of advanced manufacturing techniques and a strong distribution network.

High Return Ratios: ROE and RoNW at 28.77% show the company's efficient capital utilization.

High Borrowing: As of Dec 2024, total borrowings stood at 202.16 Cr, indicating a moderately leveraged balance sheet.

Raw Material Dependency: Price volatility in stainless steel may impact margins.

Competitive Industry: Operates in a highly competitive segment with domestic and global players.

Export Risk: Geopolitical tensions or trade barriers may affect international business performance.

Client Concentration Risk: Heavy reliance on a few major sectors like oil & gas and EPC companies may affect revenue stability.

FAQs

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Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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ScodaTubesLimited IPO

About Scoda Tubes Limited IPO

Why To Invest in Scoda Tubes Limited IPO