- CEO
- Jagrutkumar R. Patel
- Full Time Employees
- 161
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Survey No. 2442, 2443, 2446 Mehsana GU India 382715
- IPO Date
- Jun 4, 2025
- Business
- Scoda Tubes Ltd. manufactures stainless steel seamless and welded pipes, tubes, and U-tubes, including Austenitic, Martensitic, Duplex, and Super Duplex grades; its product portfolio encompasses stainless steel seamless pipes for oil and gas OCTG systems, petrochemical transport, and power plants, seamless tubes for heat exchangers and condensers, seamless and welded U-tubes for boilers and superheaters, instrumentation tubes for nuclear, automotive, medical, and aerospace applications, and welded pipes and tubes for chemical processing and gas pipelines. The company, founded in 2008 and headquartered in Rajpur, Kadi, Mehsana, Gujarat, India, operates a fully integrated manufacturing facility with solar-powered infrastructure and holds certifications including ISO 9001:2015, ISO 14001:2018, ISO 45001:2018, PED 2014/68/EU, and AD 2000 Merkblatt WO; it serves diverse industries such as oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, transportation, food and beverage, and shipbuilding, with 349 global clients and exports to international markets. In 2025, Scoda Tubes completed its initial public offering in May-June, raising INR 220 crore through a fresh issue of 15.7 million equity shares at INR 140 per share, with shares listed on NSE (SCODATUBES.NS) and BSE; the IPO proceeds fund capital expenditure to double seamless finishing capacity to 20,068 MT annually, add nine seamless and five welded production lines, expand welded tube capacity, purchase additional land for future growth, and meet incremental working capital needs of INR 110 crore. The company reported H1 FY26 results in November 2025 with 5% revenue growth to INR 243 crore and 39% net profit increase to INR 21 crore, alongside plans for welded capacity commissioning by April 2026 targeting up to INR 1,000 crore revenue by FY29 through power sector demand, global approvals from entities like ADNOC and SABIC, and improved margins from backward-integrated hot-piercing and product mix optimization.