Scoda Tubes Limited has informed the Exchange about Investor Presentation
To, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra East, Mumbai – 400051 Symbol: “SCODATUBES”
To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 BSE SCRIP Code – “544411”
Date: June 24, 2025
Dear Sir / Madam,
Subject: Investor Presentation on Q4FY25 / FY25 Earnings for the Audited Financial Results of the Company
for the Fourth Quarter & Financial year ended 31st March 2025
With reference to the captioned subject, kindly find enclose Investor Presentation on Q4FY25 / FY25 Earnings for the Audited Financial Results of the Company for the Fourth Quarter & Financial year ended 31st March 2025.
The above information will also be available on the website of the company at www.scodatubes.com
Kindly take the same on record and acknowledge.
For, SCODA TUBES LIMITED
Jagrutkumar Rameshbhai Patel Managing Director DIN: 06785595
Scoda Tubes Limited Survey no : 2442,2443,2446, Ahmedabad-Mehsana Highway, Village : Rajpur-382715. Tal: Kadi, Dist : Mehsana, Gujarat. India Phone : + 91 2764 278 278 | Email : info@scodatubes.com | sales@scodatubes.com Web : www.scodatubes.com THE BRAND YOU CAN TRUST CIN NO.: U28110GJ2008PLC055392
Investor Presentation
FY25 Earnings Update
Agenda
01
Performance Update
02
About Scoda Tubes Limited
03
Sustainable Moats
04
Growth Strategy
05
Industry Overview
06
Select Financial Information
07
Annexure
2
01
Performance Update
Performance snapshot – FY25
Performance
Revenue from operations
INR 484.9 crores (+21% y-o-y)
Cashflow from operations
INR 18.4 crores (+737% y-o-y)
Gross profit
INR 148.5 crores (+8% y-o-y)
Gross profit margin
30.6% (-386 bps y-o-y)
EBITDA
INR 78.1 crores (+33% y-o-y)
Profit after tax (PAT)
INR 31.7 crores (+73% y-o-y)
EBITDA margin
PAT margin
16.1% (+139 bps y-o-y)
6.5% (+197 bps y-o-y)
Return on equity (RoE)
21.1% (vs 28.8% in FY24)
Return on capital employed (RoCE)
16.6% (+71 bps y-o-y)
Net debt
INR 166.2 crores (-8% y-o-y)
Net debt/equity
1.1x (vs 2.8x in FY25)
Debtor days
76 days (vs 82 days in FY24)
Cash conversion cycle
164 days (vs 162 days in FY25)
4
Revenue split across segments – Q4FY25 and FY25
Performance
Seamless
Welded
Others1
Revenue from operations
In INR crores
+24%
458.5
371.2
+99%
3.2
-15%
27.1
23.1
+21%
484.9
399.9
118.4
115.3
1.6
1.0
0.4
6.4
7.4
125.2
123.7
Q4FY24 Q4FY25
FY24
FY25
Q4FY24 Q4FY25
FY24
FY25
Q4FY24 Q4FY25
FY24
FY25
Q4FY24 Q4FY25
FY24
FY25
5.1%
Q4FY24
94.6%
6.0%
Q4FY25
93.2%
6.8%
FY24
92.8%
4.8%
FY25
94.6%
0.3%
0.8%
0.4%
0.6%
1. Includes sale of scrap
5
Seamless
Welded
Others
Revenue split across geographies – Q4FY25 and FY25
Performance
Domestic
Exports
Revenue from operations
In INR crores
+12%
316.6
355.8
+55%
129.1
83.2
+21%
399.9
484.9
105.4
95.6
19.8
28.1
125.2
123.7
Q4FY24
Q4FY25
FY24
FY25
Q4FY24
Q4FY25
FY24
FY25
Q4FY24
Q4FY25
FY24
FY25
84%
Q4FY24
16%
76%
79%
73%
Q4FY25
FY24
FY25
24%
21%
27%
Domestic
Exports
6
Key financial highlights – Q4FY25 and FY25
Performance
Revenue from operations
EBITDA
+21%
484.9
399.9
+33%
78.1
58.8
In INR crores
Profit after tax (PAT)
+73%
31.7
18.3
125.1
123.7
16.5
17.4
6.8
3.0
Q4FY24
Q4FY25
FY24
FY25
Q4FY24
Q4FY25
FY24
FY25
Q4FY24
Q4FY25
FY24
FY25
Gross profit margin
EBITDA margin
35.0%
34.5%
26.3%
30.6%
13.2%
14.1%
14.7%
16.1%
PAT margin
5.5%
4.6%
6.5%
2.4%
Q4FY24
Q4FY25
FY24
FY25
Q4FY24
Q4FY25
FY24
FY25
Q4FY24
Q4FY25
FY24
FY25
7
02
About Scoda Tubes Limited
Scoda Tubes Limited at a glimpse
About us
▪
▪
▪
▪
▪
Fully integrated manufacturer of SS1 seamless and SS welded products
o
These products are further categorised into: SS seamless pipes, SS seamless tubes, SS seamless "U" tubes, SS instrumentation tubes, SS welded tubes and "U" tubes
Supplies to customers engaging in multiple sectors like: Oil & gas, chemicals, fertilisers, power, pharmaceuticals, automotive, and transportation3
Dedicated seamless and welded divisions at its manufacturing facility in Gujarat
Certifications: ISO 9001:2015, ISO 14001:2015 and ISO 45001:20182
Follow internationally recognized standard manufacturing practises, incl. ASTM, ASME and EN standards
o Products sold to Europe are certified under PED 2014/68/EU
and ADW/AD 2000 - Merkblatt – WO
o Additional accreditation: DNV-CP-0252, DNV Marine and
Indian Boiler Regulation
Particulars
Revenue from operations
Y-o-Y growth
Gross profit
Gross margin
EBITDA
EBITDA margin
PAT
PAT margin
FY22
194.0
32.9
17.0%
10.0
5.2%
1.6
0.8%
FY23
305.1
57%
92.5
FY24
399.9
31%
137.9
In INR crores
FY25
484.9
21%
148.5
30.3%
34.5%
30.6%
34.8
11.4%
10.3
3.4%
58.8
14.7%
18.3
4.6%
78.1
16.1%
31.7
6.5%
3 YEAR CAGR (FY21-FY25)
Revenue from operations: 36%
EBITDA: 98%
PAT: 170%
21,199 sq. mtrs
10,068 MTPA2
1,020 MTPA
20,000 MTPA
18
2
Plot size of manufacturing facility
Seamless production capacity
Welded production capacity
Mother hollow capacity for seamless products
Production lines for seamless products
Production lines for welded products
1. Stainless steel | 2. Metric tonnes per annum | 3. Includes railways
9
A compounding story with significant milestones (1/2)
About us
Incorporated the company
2008
Received vendor approval from BHEL’s1 HEEP2 Haridwar facility for product supply
Received vendor approval from EIL7 for product supply
2012
2014
2010
Commenced exports of our products
2013
2017
• Received vendor approvals from
GNFC3 and IFFCO4 for product supply at their Kandla and Kalol units
• Registered as KRIBHCO’s5 approved
vendor for product supply
• Received HPCL’s6 approval for
product supply
• Started product supplies
to Department of Atomic Energy, GoI8
• Received vendor
approval from BHEL’s Hyderabad facility for product supply
1. Bharat Heavy Electricals Limited | 2. Heavy Electrical Equipment Plant | 3. Gujarat Narmada Valley Fertilizers and Chemicals Limited | 4. Indian Farmers Fertilizer Cooperative Limited | 5. Krishak Bharati Cooperative Limited | 6. Hindustan Petroleum Corporation Limited | 7. Engineers India Limited | 8. Government of India
10
A compounding story with significant milestones (2/2)
About us
• Started supplying products to NTPC3, Bilaspur • Started supplying products to key entities under Indian Railways:
Modern Coach Factory & Chittaranjan Locomotive Works
• Received certificate for implementing QMS4 in accordance with
ISO 9001:2015
• Received certificate for implementing EMS5 in accordance with
ISO 14001:2015
• Received certificate for implementing OHSMS6 in accordance
with ISO 45001:2018
2023
Trademarked ‘Scoda Tubes Limited’ to build brand equity and protect IP2
2019
• Listed on NSE &
BSE
• Raised INR 220 crores through public issue
2025
2018
2022
2024
• Started product supplies to Triveni
• Started supplying products to
Turbine
• Received BEML’s1 approval for
product supply
• Received vendor approval from
BHEL’s Bhopal and Jhansi facility for product supply
Laxmi Organics
• Started product supplies to key entities under Indian Railways: Banaras Locomotive Works, Rail Coach Factory, Western Railway and Central Railway
• Started supplying products to key entities under Indian Railways: Eastern and Northeastern Railways
• Achieved production
capacity of 11,088 MT/year
1. Bharat Earth Movers Limited | 2. Intellectual property | 3. National Thermal Power Corporation | 4. Quality management system | 5. Environmental management system | 6. Occupational health and safety management system
11
03
Sustainable Moats
Sustainable moats
Moats
04 Extensive and effective quality control
03 Strategic location of facility and fully integrated production
05 International accreditations and product approvals
02 Customer diversification and international presence
01 Specialized production of SS1 tubes and pipes
06 Experienced and qualified team
07 Consistent financial performance
1. Stainless steel
13
Specialized production of SS tubes and pipes
Moats
SS1 seamless pipes
SS seamless tubes
SS seamless “U” tubes
SS instrumentation tubes
SS welded tubes / “U” tubes
OD: 1/8” NB to 6” NB
THK: Sch10s to Sch80s
Length: Single random length and double random length
OD: 6.00mm to 101.6mm
THK: 0.70mm to 6.00mm
OD: 6.00mm to 50.80mm
THK: 0.70mm to 4.00mm
OD: 6.00mm to 50.80mm
THK: 0.80mm to 6.00mm
OD: 6.00mm to 60.30mm
THK: 0.80mm to 4.00mm
Length: Up to 22 Mtr
Length: Up to 22 Mtr
Length: Up to 18.000 Mtr
Length: Up to 18.000 Mtr
Application:
Application:
Application:
Application:
Application:
By industries having high pressure application
In heat exchangers, Air fin Coolers, Condensers, LP/HP heaters & boilers
In heat exchangers, Air fin Coolers, Condensers, LP/HP heaters & boilers
By industries having high pressure application
By industries having low pressure application
Razor sharp focus in SS segment has enabled Scoda Tubes to: ▪ Build an expertise around production process, inventory management and sale of products ▪ Accurately assess and respond to customer preferences in terms of length, thickness, and grades ▪ Attract and retain customers with specialised and high-quality SS pipes and tubes requirements
1. Stainless steel
14
International accreditations and product approvals
Moats
AD WO
ISO 45001-2018
ISO 9001-2015
ISO14001-2015
PED
Norsok M650
DNV
IBR
BIS
EIL
▪ Currently applied for Bureau Veritas Marine (France) and Rina Marine (Italy) standards ▪ Company’s capabilities and accreditations have enabled Scoda Tubes to cater to 349 clients globally till date
15
Customer diversification and international presence
Moats
Strong presence in 14 countries1
Catering to clients across multiple sectors
1%
4%
73%
INR 484.9 crores
22%
India
Europe
Americas
MENA & Oceanic
Revenue split across segments1
Seamless products
94.6%
Oil & gas
Chemicals
Fertilizers
Power
Welded products
0.6%
Pharmaceuticals
Automotive
Transportation2
Others*
4.8%
▪ Greater diversification has hedged Scoda from sector/geography specific risks
* Includes sale of scrap | 1. Based on FY25 nos. | 2. Includes railways
16
Extensive and effective quality control
Moats
▪ Dedicated quality control division comprising of a team of 14 personnel capable of all mandatory tests and
supplementary tests
▪ Follow high quality standards across all the manufacturing stages, from raw material to cold rolling, until the final
tubular product is ready to dispatch
MANDATORY TESTS
SUPPLEMENTARY TESTS
▪ PMI
▪ Chemical test
▪
EDDY current test
▪ Dye penetrant test
▪ Hydrostatic test
▪ Micro test
▪ Ultrasonic test
▪
Impact test
▪
Tensile test
▪ Hardness test
▪
IGC practice “A”, “C” & “E”
▪ Boroscopic examination
▪ Mechanical test
▪ Air under water test
17
Strategic location of facility and fully integrated production
Moats
Strategically located
Land available for future expansion
Sustainable production
On Ahmedabad-Mehsana highway, 360 kms from Mundra port and 23 kms from Inland Container Depot
▪ Available land parcel of 74,699 sq. mts., with only 21,199
sq. mts. currently developed for manufacturing
▪
15,957 sq. mts. reserved for seamless products and 30,064 sq. mts. reserved for welded products
Installed solar panels on our rooftops, generating 1 MW of clean energy to support manufacturing process
Continuously increasing efficiency through backward integration
1. Metric tonnes per annum
▪ Hot piercing mill to produce
mother hollow with a production capacity of 20,000 MTPA1
▪ Focus on further adding production capacity by leveraging our strong execution capabilities in a capital efficient manner
18
Experienced and qualified team (1/2)
Moats
Samarth B Patel
Jagrut R Patel
Saurabh A Patel
Ravi R Patel
Vipul A Patel
Chairman & ED1
▪ 5+ years of Experience
▪ Bachelor of Science ▪ He oversees export
sales and marketing in our Company
Managing Director
Non-Executive Director
Chief Financial Officer
President
▪
10+ years of Experience
▪ Bachelor’s degree in
Computer Engineering
▪ Oversees domestic
sales and marketing in our Company
▪ 5+ years of Experience ▪ Bachelor's degree in
Commerce
▪ Oversees project development processes in our Company
▪ 5+ years of Experience ▪ Bachelor's degree in IT
Engineering
▪ Responsible for accounts, payments and banking operations in the company
▪ 5+ years of Experience ▪ Bachelor's degree in Computer
Science Engineering
▪ Before joining the company, he
was associated with Maxim Tubes Company Pvt. Ltd. as planning and production executive
Piyush Shah (CA)
Independent Director
Vipul Patel
Independent Director
Neha Soni (CS & LLB)
Independent Director
1. Executive Director
19
Experienced and qualified team (1/2)
Moats
Chirag Patel
Hardik Sanghvi
Dhaval Mistri
Vinod Patel
Dharmendra Patel
Export & Marketing Manager
Export & Marketing Manager
Domestic Sales & Marketing Manager
▪
13+ years of Experience
▪
10+ years of Experience
▪
13+ years of Experience
▪ Masters in Business
Administration
▪ Masters in Business
Administration
▪ Sales strategies & client
▪ Sales strategies & client
relationship management for Europe
relationship management for USA & Middle East
▪ Btech & MBA ▪ Strategic planning &
marketing along with customer relationships
Production Manager
▪
19+ years of Experience ▪ Diploma in Mechanical
Engineering
▪ Seamless
manufacturing, quality control & standards, production targets
Quality Control Manager
▪
12+ years of Experience ▪ Diploma in Mechanical
Engineering ▪ Quality control &
processes and ensuring accurate product standards
20
Consistent financial performance (1/2)
Moats
In INR crores
Revenue from operations
EBITDA
Profit after tax (PAT)
484.9
CAGR: 36%
399.9
305.1
194.0
CAGR: 98%
58.8
34.8
10.0
78.1
CAGR: 170%
31.7
18.3
10.3
1.6
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
Gross profit margin
EBITDA margin
PAT margin
34.5%
30.3%
30.6%
14.7%
16.1%
17.0%
11.4%
5.2%
6.5%
4.6%
3.4%
0.8%
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
21
Consistent financial performance (2/2)
Moats
Return on equity (RoE)
Net debt/equity
Inventory days
28.8%
22.8%
21.1%
4.7%
3.1
2.8
2.8
171
156
163
142
1.1
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
Return on capital employed (RoCE)
Debtor days
Cash conversion cycle
15.9%
16.6%
12.6%
66
62
82
76
151
162
164
189
5.8%
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
22
Historic income statement
INR crores unless otherwise mentioned
Particulars
Revenue from operations
Cost of materials consumed (incl. changes in WIP and finished goods)
Gross profit
Gross profit margin
Employee benefit expenses
Other expenses
EBITDA
EBITDA margin
Other income
Depreciation & amortization expenses
Finance costs
Profit before tax
Tax expenses
Profit after tax
PAT margin
EPS (INR)
Moats
FY22
194.0
161.1
32.9
FY23
305.1
212.6
92.5
FY24
FY25
3-year CAGR
399.9
484.9
36%
262.0
336.4
137.9
148.5
65%
17.0%
30.3%
34.5%
30.6%
2.9
20.1
10.0
5.2%
1.0
1.5
7.2
2.3
0.7
1.6
0.8%
0.7
5.5
52.3
34.8
11.4%
2.7
11.5
11.6
14.4
4.0
10.3
3.4%
2.6
7.4
71.7
58.8
8.1
62.4
78.1
14.7%
16.1%
2.6
16.4
19.1
25.9
7.6
18.3
4.6%
4.6
4.0
18.1
22.0
41.9
10.2
31.7
6.5%
7.6
98%
163%
170%
121%
23
Historic balance sheet
INR crores unless otherwise mentioned
Assets
Fixed assets
Other non-current assets
Inventories
Trade Receivables
Cash and bank balances
Other current assets
Total
Equity and Liabilities
Equity capital and reserves
Borrowings
Trade payables
Other non-current liabilities
Other current liabilities
Total
Moats
FY22
45.2
10.5
62.6
35.3
0.7
1.8
156.1
34.9
109.9
8.7
0.7
1.9
FY23
FY24
62.1
12.2
99.5
51.6
10.4
2.5
81.6
22.8
111.9
89.3
22.4
2.4
FY25
103.5
34.2
149.8
101.0
44.0
13.8
238.3
330.4
446.3
45.3
139.3
47.5
0.8
5.4
63.6
202.7
53.9
1.3
8.9
150.4
210.2
68.5
0.9
16.4
156.1
238.3
330.4
446.3
24
Historic cashflow statement
Moats
INR crores unless otherwise mentioned
Particulars
FY22
FY23
FY24
FY25
Net profit before tax
Adjustments for: Non-cash items and other investment/financial items
Operating profit before working capital changes
Changes in working capital
Direct taxes paid (net of refund)
Cashflow from operations
Cashflow from investing activities
Cashflow from financing activities
Change in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
2.3
8.7
11.1
-57.0
-0.9
-46.9
-33.4
80.2
-0.1
0.4
0.3
14.4
22.8
37.2
-15.0
-1.9
20.3
-38.5
17.9
-0.2
0.3
0.1
25.9
34.2
60.1
-54.5
-3.4
2.2
-46.6
44.3
-0.1
0.1
0.0
41.9
37.6
79.5
-54.6
-6.5
18.4
-43.9
40.6
15.1
-
15.1
25
04
Key Strategies
Key strategies
Strategies
Increase our existing production capacity
Geographic expansion of customer base
Strengthen our brand value
27
Increase our existing production capacity
Strategies
Seamless production capacity (MTPA1)
Capacity comparison
11x capacity expansion
0 0 8 , 1
+10,000
8 6 0 0 1
,
Product capacity
Existing capacity
Post expansion capacity
Seamless
10,068 MTPA
20,068 MTPA
Welded
1,020 MTPA
13,150 MTPA
Inception FY18
FY20
FY22
FY25
FY26
Mother hollow
20,000 MTPA
Benefits of large-scale production
Focus on high value-added products
Capitalize on backward integration
Leveraging existing customer-base
Targeting end-users
1. Metric tonnes per annum
28
Geographic expansion of customer base
Strategies
Curated a strategic plan by leveraging extensive network of distributors, robust back-end, sound track-record, key product approvals & registrations, wide product portfolio and domain expertise
Export revenue country split (FY25)
(INR crores)
Germany
60.2
United States
17.7
Spain
13.7
Netherlands
13.5
Switzerland
13.3
Others*
10.8
Revenue from exports
94.1
30.5%
30.8%
83.2
59.2
20.8%
129.1
26.6%
FY22
FY23
FY24
FY25
Export revenue (in INR crores)
% of the total revenue from operations
29
Exported to 14 countries in FY25
Exporting countries
Headquarter-India
Exclusive Distributor-USA
Future Expansion-Middle East, Kuwait, United Arab Emirates.
* includes Estonia, Italy, UK, Denmark, UAE, Romania, Czech Republic, Brazil, Sweden, Australia, Saudi Arabia, Poland, Qatar
Strengthen our brand value
Participation in key exhibitions and expos
▪ Chemtech – Mumbai
▪ GSSE – Mumbai
▪ Stainless Steel World - Maastricht, Netherlands
▪ Tube & Wire - Dusseldorf, Germany
▪ Heat Exchanger World - Rotterdam, Netherlands
▪ Heat Exchanger World - Houston, Texas, USA
▪ Stainless Show, Brno, Czech Republic
▪ Trademarked “Scoda Tubes Limited” to build brand equity, increase market recognition, and protect IP
▪ 20 personnel in quality check and customer
servicing team to further improve brand positioning and brand recall value, supporting overall growth strategy
Strategies
30
05
Industry Overview
Global demand contribution
Overview
Stainless steel tubes and pipes – Global demand split
CY 2023
15-17%
23-26%
6-8%
6-8%
11-13%
18-21%
14-16%
Oil and gas
Process industries
ART
ABC
Water treatment
Pharmaceuticals
Others
CY 2028E1
15-17%
5-7%
6-8%
10-12%
14-16%
24-27%
19-22%
Global demand of SS tubes and pipes (in mn tonnes)
2.7
2.7
3
3
3.1
3.7
CY19
CY20
CY21
CY22
CY23
CY28E
▪ Oil & gas and process industries continue to dominate global demand for SS pipes and tubes
▪ ART2 and ABC3 industries are accelerating SS pipes and tubes consumption due to their high corrosion resistance, strength to weigh ratio and wide range of applications
▪ Demand for SS pipes and tubes grew at a CAGR of ~3% from CY19-CY23 and is expected to grow at a CAGR of 3-4% between CY23-CY28
1. Estimates 2. Automobile, railways, and transportation 3. Architecture, building and construction
32
Stainless steel tubes and pipes – India outlook
Overview
▪ Strong growth in end-user industries like building and
construction, automobile, oil and gas, manufacturing and food and beverage will drive the demand of SS pipes and tubes
Stainless steel tubes and pipes demand (in 000’ tonnes)
450
▪ Policy protection through imposition of anti-dumping duties
on Chinese imports will provide further fillip to local producers
▪ Indian exports of SS pipes and tubes continue to grow as domestic players compete at global prices, supported by efficiencies in their manufacturing process
▪ Mirroring global end-user industries, India’s demand for SS
pipes and tubes is driven by:
Process industry
28-32% of demand
Oil & gas
22-25% of demand
ART1
ABC2
20-23% of demand
18-21% of demand
CAGR: 6-8% (FY24-29)
CAGR: 6-8% (FY24-29)
CAGR: 8-10% (FY24-29)
CAGR: 6-8% (FY24-29)
1. Automobile, railways, and transportation 2. Architecture, building and construction
226
208
263
300
322
FY20 FY21
FY22 FY23 FY24
FY29E
Import to India (in 000’ tonnes)
90
FY20
41
FY20
Export from India (in 000’ tonnes)
56
FY24
64
FY24
33
06
Select Financial Information
Income statement
INR crores unless otherwise mentioned
Finance
Particulars
Q4 FY24 Q4 FY25 YoY change (%)
FY24
FY25
YoY change (%)
Revenue from operations
Cost of materials consumed (incl. changes in WIP and finished goods)
Gross profit
Gross profit margin
Employee benefit expenses
Other expenses
EBITDA
EBITDA margin
Other income
Depreciation & amortization expenses
Finance costs
Profit before tax
Tax expenses
Profit after tax
PAT margin
EPS (INR)
125.1
81.3
43.8
123.7
91.2
32.5
-1%
12%
-26%
399.9
484.9
262.0
336.4
137.9
148.5
21%
28%
8%
35.0%
26.3%
-876 bps
34.5%
30.6%
-386 bps
1.9
25.4
16.5
13.2%
0.6
4.1
6.4
6.6
3.6
3.0
2.4%
0.7
1.9
13.1
17.4
14.1%
1.6
4.7
5.8
8.5
1.7
6.8
5.5%
1.5
0%
-48%
6%
7.4
71.7
58.8
8.1
62.4
78.1
9%
-13%
33%
+91 bps
14.7%
16.1%
+139 bps
167%
15%
-9%
29%
-53%
130%
+316 bps
104%
2.6
16.4
19.1
25.9
7.6
18.3
4.6%
4.6
4.0
18.1
22.0
41.9
10.2
31.7
6.5%
7.6
52%
11%
15%
62%
34%
73%
+197 bps
65%
35
Balance sheet
INR crores unless otherwise mentioned
Assets
Fixed assets
Other non-current assets
Inventories
Trade Receivables
Cash and bank balances
Other current assets
Total
Equity and Liabilities
Equity capital and reserves
Borrowings
Trade payables
Other non-current liabilities
Other current liabilities
Total
FY24
81.6
22.8
111.9
89.3
22.4
2.4
FY25
103.5
34.2
149.8
101.0
44.0
13.8
330.4
446.3
63.6
202.7
53.9
1.3
8.9
150.4
210.2
68.5
0.9
16.4
330.4
446.3
YoY change (%)
27%
50%
34%
13%
96%
475%
35%
136%
4%
27%
-31%
84%
35%
Finance
36
Cashflow statement
INR crores unless otherwise mentioned
Strength
Particulars
FY24
FY25
YoY change (%)
Net profit before tax
Adjustments for: Non-cash items and other investment/financial items
Operating profit before working capital changes
Changes in working capital
Direct taxes paid (net of refund)
Cashflow from operations
Cashflow from investing activities
Cashflow from financing activities
Change in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
25.9
34.2
60.1
41.9
37.6
79.5
-54.5
-54.6
-3.4
2.2
-6.5
18.4
-46.6
-43.9
44.3
40.6
-0.1
0.1
-0.1
15.1
-
15.1
62%
10%
32%
0%
91%
722%
-6%
-8%
NC
NC
NC
NC is Not comparable
37
07
Annexure
Process flow
Annexure
SS Round bars
Raw material
SS Coils
Inspection
Welded
Roll forming and TIG welding
Solution annealing
Straightening
Cutting
Deburring
Final pickling
Passivation
Hydrotesting
Inspection
Marking
Packing
“U” bending
“U” bending by cold process
Stress relieving at bend portion
Cutting and deburring
Cleaning
Hydrotesting
Inspection and marking
Packing
1
1
1 1
1
1
1
1
1
Seamless
Peeling process
Hot piercing process
Bright annealing
Hot finish pipe annealing
Straightening
Cutting
Deburring
Hydrotesting
Inspection
Marking
Packing
Coating & pickling process
Cold drawing & pilgering
Solution annealing
Straightening
Cutting
Deburring
Final pickling
VDI
Passivation
Marking
Packing
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
39
Safe harbor statement
This presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase any securities ("Securities") of Scoda Tubes Limited (“Scoda" or the "Company") in India or any other jurisdiction. This presentation should not, nor should anything contained in it, form the basis of, or be relied upon in any connection with any contract or commitment whatsoever. The information contained in this presentation is strictly confidential and is intended solely for your reference and shall not be reproduced (in whole or in part), retransmitted, summarized or distributed to any other persons without Company's prior written consent. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify you or any person of such revision or changes. This presentation may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements are based on certain assumptions and expectations of future events. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements assumptions and assumptions and risks, uncertainties and assumptions. Although Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that your expectations will be met. Representative examples of factors that could affect the accuracy of forward-looking statements include (without limitation) the condition of and changes in India's political and economic status, government policies, applicable laws, the steel and pipes sector in India, international and domestic events having a bearing on Company's business, particularly assumptions and the regulatory changes that are applicable to our sector in India, and such other factors beyond our control. You are cautioned not to place undue reliance on these forward-looking statements, which are based on knowledge, experience and current view of Company's management based on relevant facts and circumstances. The data herein with respect to Scoda is based on several assumptions and is subject to several known and unknown risks, which may cause Scoda’s actual results or performance to differ materially from any projected future results or performance expressed or implied by such statements. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Company's control. Past performance is not a reliable indication of future performance. This presentation has been prepared by the Company. No representation, warranty, expressor implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of Company or any of its directors, officers, employees, agents or advisers, or any of their respective affiliates, advisers or representatives, undertake to update or revise any forward-looking statements, whether and you new information, future events or otherwise and none of them shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. Further, nothing in this presentation should be construed as constituting legal, business, tax or financial advice or a recommendation regarding the securities. Before acting on any information you should consider the appropriateness of the information having regard to these matters, and you should seek independent financial advice.
40
For any further information/queries, please contact:
Company
Investor relations consultant
Scoda Tubes Limited
Capital Bridge Advisory Service Pvt. Ltd
Mr. Ravi Patel
Chief Financial Officer
cs@scodatubes.com
Mr. Rutul Shah
Mr. Raj Shah, CFA
rutul@capbridge.in
raj@capbridge.in
+91 82002 43766
+91 99259 11296
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