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Scoda Tubes

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uuid000328q

Namestring
Scoda Tubes
Legal namestring
Scoda Tubes Ltd
Websiteurl
scodatubes.com
Company typeenum
Public
Founded yearint
2008
Descriptiontext

Scoda Tubes Ltd is an India-based, publicly listed manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes. Founded in 2008 and headquartered in Kadi, India, the company operates a B2B contract-manufacturing model, selling industrial-grade stainless steel piping products to buyers in the infrastructure and energy sectors, including government and large industrial projects.

The company's core technology is conventional stainless steel tube and pipe manufacturing, encompassing both seamless and welded product lines plus heat exchanger tubes — a commodity-industrial product category with no proprietary technology, patents, or AI/ML capabilities disclosed in the available data. It operates with a lean team of 51-100 employees and has no subsidiaries, partnerships, or distribution channels documented.

Commercially, Scoda Tubes generates revenue through one-time contract sales tied to infrastructure, energy, and civil works projects. In February 2026, the company secured work orders totaling approximately ₹163 crore alongside other listed peers. The company recently completed an IPO (subscribed 8.11 times) on BSE in the 'B' group, with the NSE symbol SCODATUBES, marking its transition from a private operating entity founded in 2008 to a publicly traded small-cap industrial.

Short descriptiontext

Scoda Tubes Ltd is an India-based public manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes, serving infrastructure, energy, and industrial project buyers through B2B contract sales. The company is listed on BSE and NSE following a 2026 IPO.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersKadi, India
HQ citystring
Kadi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
stainless steel tubes, seamless pipes manufacturer, welded steel pipes, heat exchanger tubes, industrial piping solutions
Industry2 codes
1Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube)
CodeIMAKABAIPrimaryYes
2Pipes & Tubing (Metal, Plastic & Composite)
CodeIMADALACPrimaryNo
NAICS code3 codes
  • Iron and Steel Pipe and Tube Manufacturing from Purchased Steel33121
  • Iron and Steel Pipe and Tube Manufacturing from Purchased Steel331210
  • Fabricated Pipe and Pipe Fitting Manufacturing332996
SIC code1 code
  • Steel Pipe & Tubes3317
Product category
Steel Pipes and Tubes Manufacturing
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Steel tubes and pipes sales
TypeOne Time License
Description

Scoda Tubes generates revenue through the manufacture and sale of stainless steel tubes and pipes, serving infrastructure, energy, and industrial projects. The company secured significant work orders in February 2026, indicating B2B contract-based revenue generation.

business-standard.com
Cost components4 values
Supply Chain, Operations, Personnel, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Scoda Tubes is a manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes. The company serves infrastructure, energy, and industrial projects, supplying industrial-grade stainless steel piping solutions through B2B contracts and government work orders.

Differentiator
Functional benefit
Problem solved
Product and service3 records
1Stainless Steel Seamless Pipes
CategorySteel Pipes and Tubes
Description

Stainless steel seamless pipes manufactured for industrial piping applications in infrastructure and energy sector projects. Designed for high-pressure and high-temperature service conditions.

2Stainless Steel Welded Pipes
CategorySteel Pipes and Tubes
Description

Stainless steel welded pipes manufactured for industrial and infrastructure piping applications. Used in projects requiring cost-effective stainless steel piping solutions.

3Heat Exchanger Tubes
CategorySteel Tubes
Description

Stainless steel heat exchanger tubes manufactured for industrial heat transfer applications in energy and process industry projects.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Indian manufacturer of stainless steel seamless and welded tubes and pipes, serving similar oil & gas, power, and industrial markets. Closest direct comparable in scale and product mix to Scoda Tubes within the Indian listed stainless steel tube space.

TypeDirect peer
Description

Indian manufacturer of stainless steel pipes and tubes including seamless and welded variants. Directly comparable as a domestic stainless steel pipe producer serving similar industrial customer segments.

TypeBroad incumbent
Description

India's largest stainless steel producer with integrated operations spanning flat products, long products, and tubes/pipes. A broad incumbent that competes with Scoda in stainless steel tubes from a much larger scale and broader product portfolio.

TypeDirect peer
Description

Spanish global specialist in seamless stainless steel tubes for heat exchangers, power, and oil & gas. Directly comparable on the heat exchanger tube portion of Scoda's portfolio, though at much larger scale and with global customer reach.

TypeBroad incumbent
Description

French global leader in premium seamless tubes for energy and industrial applications. Comparable as a competitor in the high-end seamless stainless steel pipe segment, though vastly larger and globally diversified.

TypeBroad incumbent
Description

Swedish specialty steel and seamless tube manufacturer serving heat exchangers, chemical processing, and oil & gas. Comparable for the heat exchanger tube portion of Scoda's portfolio and a benchmark for premium stainless tube specifications.

TypeBroad incumbent
Description

India's largest steel producer with a tubes division manufacturing welded and seamless pipes. A broad incumbent competing with Scoda in structural and industrial steel pipe applications across India.

TypeBroad incumbent
Description

Indian public sector steel major with Salem Steel Plant producing stainless steel flat and long products including tubes. Comparable as a domestic stainless steel producer with far greater scale and product breadth than Scoda.

TypeDirect peer
Description

US manufacturer of centrifugal cast stainless steel tubes and pipes for corrosion-resistant and high-temperature service. Comparable as a specialty stainless tube producer, though serving different geographies and applications.

TypeBroad incumbent
Description

Major Indian steel and pipe producer with diversified offerings across structural, line, and OCTG pipes. Comparable as a broad Indian steel pipe incumbent with significant infrastructure sector exposure.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Scoda Tubes

Steel Pipes and Tubes Manufacturingscodatubes.com

Scoda Tubes Ltd is an India-based public manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes, serving infrastructure, energy, and industrial project buyers through B2B contract sales. The company is listed on BSE and NSE following a 2026 IPO.

What Scoda Tubes does

Scoda Tubes Ltd is an India-based, publicly listed manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes. Founded in 2008 and headquartered in Kadi, India, the company operates a B2B contract-manufacturing model, selling industrial-grade stainless steel piping products to buyers in the infrastructure and energy sectors, including government and large industrial projects.

The company's core technology is conventional stainless steel tube and pipe manufacturing, encompassing both seamless and welded product lines plus heat exchanger tubes — a commodity-industrial product category with no proprietary technology, patents, or AI/ML capabilities disclosed in the available data. It operates with a lean team of 51-100 employees and has no subsidiaries, partnerships, or distribution channels documented.

Commercially, Scoda Tubes generates revenue through one-time contract sales tied to infrastructure, energy, and civil works projects. In February 2026, the company secured work orders totaling approximately ₹163 crore alongside other listed peers. The company recently completed an IPO (subscribed 8.11 times) on BSE in the 'B' group, with the NSE symbol SCODATUBES, marking its transition from a private operating entity founded in 2008 to a publicly traded small-cap industrial.

Scoda Tubes firmographics

Firmographics
Name
Scoda Tubes
Legal name
Scoda Tubes Ltd
Website
https://scodatubes.com
Company type
Public
Founded year
2008
Operating status
Operating
Headcount range
51–100 employees
Short description
Scoda Tubes Ltd is an India-based public manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes, serving infrastructure, energy, and industrial project buyers through B2B contract sales. The company is listed on BSE and NSE following a 2026 IPO.
Ownership category
akta.pro rank

Scoda Tubes industry classification

Industry
Product category
Steel Pipes and Tubes Manufacturing
NAICS
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210), Fabricated Pipe and Pipe Fitting Manufacturing (332996)
SIC
Steel Pipe & Tubes (3317)
akta.pro primary industry
Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI)
akta.pro secondary industry
Pipes & Tubing (Metal, Plastic & Composite) (IMADALAC)

Keywords

  • Stainless steel tubes
  • Seamless pipes manufacturer
  • Welded steel pipes
  • Heat exchanger tubes
  • Industrial piping solutions

Where Scoda Tubes is headquartered

Location

Headquarters

HQ city
Kadi
HQ country
India
HQ region
Asia

Markets served

Scoda Tubes business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure

Revenue model

  1. Steel tubes and pipes sales: Scoda Tubes generates revenue through the manufacture and sale of stainless steel tubes and pipes, serving infrastructure, energy, and industrial projects. The company secured significant work orders in February 2026, indicating B2B contract-based revenue generation.

Go-to-market motion1 record

Scoda Tubes product offering

Product offering

Core offering

Scoda Tubes is a manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes. The company serves infrastructure, energy, and industrial projects, supplying industrial-grade stainless steel piping solutions through B2B contracts and government work orders.

Differentiator

Problem solved

Functional benefit

Products and services

  • Stainless Steel Seamless Pipes Stainless steel seamless pipes manufactured for industrial piping applications in infrastructure and energy sector projects. Designed for high-pressure and high-temperature service conditions.
  • Stainless Steel Welded Pipes Stainless steel welded pipes manufactured for industrial and infrastructure piping applications. Used in projects requiring cost-effective stainless steel piping solutions.
  • Heat Exchanger Tubes Stainless steel heat exchanger tubes manufactured for industrial heat transfer applications in energy and process industry projects.

Companies that use Scoda Tubes

Customer profile

Segments1 record

Ideal customer profiles1 record

Scoda Tubes technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Scoda Tubes partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Scoda Tubes competitors and assessment

Company assessment

Direct peers

  • Ratnamani Metals & Tubes: Indian manufacturer of stainless steel seamless and welded tubes and pipes, serving similar oil & gas, power, and industrial markets. Closest direct comparable in scale and product mix to Scoda Tubes within the Indian listed stainless steel tube space.
  • Remi Group: Indian manufacturer of stainless steel pipes and tubes including seamless and welded variants. Directly comparable as a domestic stainless steel pipe producer serving similar industrial customer segments.
  • Tubacex: Spanish global specialist in seamless stainless steel tubes for heat exchangers, power, and oil & gas. Directly comparable on the heat exchanger tube portion of Scoda's portfolio, though at much larger scale and with global customer reach.
  • Centricast: US manufacturer of centrifugal cast stainless steel tubes and pipes for corrosion-resistant and high-temperature service. Comparable as a specialty stainless tube producer, though serving different geographies and applications.

Broad incumbents

  • Jindal Stainless: India's largest stainless steel producer with integrated operations spanning flat products, long products, and tubes/pipes. A broad incumbent that competes with Scoda in stainless steel tubes from a much larger scale and broader product portfolio.
  • Vallourec: French global leader in premium seamless tubes for energy and industrial applications. Comparable as a competitor in the high-end seamless stainless steel pipe segment, though vastly larger and globally diversified.
  • Alleima (formerly Sandvik Materials Technology): Swedish specialty steel and seamless tube manufacturer serving heat exchangers, chemical processing, and oil & gas. Comparable for the heat exchanger tube portion of Scoda's portfolio and a benchmark for premium stainless tube specifications.
  • Tata Steel: India's largest steel producer with a tubes division manufacturing welded and seamless pipes. A broad incumbent competing with Scoda in structural and industrial steel pipe applications across India.
  • Steel Authority of India Limited (SAIL): Indian public sector steel major with Salem Steel Plant producing stainless steel flat and long products including tubes. Comparable as a domestic stainless steel producer with far greater scale and product breadth than Scoda.
  • Jindal Steel & Power: Major Indian steel and pipe producer with diversified offerings across structural, line, and OCTG pipes. Comparable as a broad Indian steel pipe incumbent with significant infrastructure sector exposure.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

Scoda Tubes social profiles

Digital presence

Scoda Tubes financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Scoda Tubes leadership team

Management profile

Number of profiles

Scoda Tubes funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Scoda Tubes M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scoda Tubes

What does Scoda Tubes do?

Scoda Tubes is a manufacturer of stainless steel seamless pipes, welded pipes, and heat exchanger tubes. The company serves infrastructure, energy, and industrial projects, supplying industrial-grade stainless steel piping solutions through B2B contracts and government work orders.

Is Scoda Tubes a public or private company?

Scoda Tubes is a public company. It is classified as public and is currently operating.

When was Scoda Tubes founded?

Scoda Tubes was founded in 2008. It employs 51 to 100 people.

Where is Scoda Tubes based?

Scoda Tubes is headquartered in Kadi, India, in the Asia region.

How does Scoda Tubes make money?

One revenue line is on record: steel tubes and pipes sales.

Who are Scoda Tubes's main competitors?

Direct peers on record are Ratnamani Metals & Tubes, Remi Group, Tubacex and Centricast. Broad incumbents are Jindal Stainless, Vallourec, Alleima (formerly Sandvik Materials Technology), Tata Steel, Steel Authority of India Limited (SAIL) and Jindal Steel & Power.

Does Scoda Tubes have an API?

No public API is recorded for Scoda Tubes.

What industry is Scoda Tubes in?

Scoda Tubes's product category is Steel Pipes and Tubes Manufacturing. Its primary akta.pro industry code is IMAKABAI, Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube), with a secondary code of IMADALAC, Pipes & Tubing (Metal, Plastic & Composite). Its NAICS code is 33121 and its SIC code is 3317.

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Live signals
ScanXScoda Tubes Q1 net profit falls 26% to ₹52.5 million as margins contractScoda Tubes reported a 26% year-over-year decline in Q1 FY27 net profit to ₹52.5 million, despite achieving a 28% revenue increase to ₹1,243.5 million. The company's EBITDA margins contracted to 12.82% from 14.58%, driven by a 32% surge in total expenses caused by gas supply disruptions, freight cost volatility, and manpower challenges.The Times of IndiaScoda Tubes block deal: Morgan Stanley sell shares worth Rs 7.6 crore in this smallcap stock - The Economic TimesMorgan Stanley sold 4.2 lakh shares of Scoda Tubes worth ₹7.6 crore via a block deal at Rs 181.42 per share, a 2.5% discount to the previous closing price. The smallcap stock declined 3.55% to Rs 179.50 on the NSE amid broader market weakness driven by geopolitical tensions between Israel and Iran. Scoda Tubes, a stainless steel pipes and tubes manufacturer, has delivered 28% returns over the past year, outperforming the Nifty's 6% gains in the same period.The Times of IndiaSensex falls! But these stocks are up over 15% on BSE - The Economic TimesIndian equity benchmarks BSE Sensex and NSE Nifty declined in Friday trading, with Sensex falling 780.57 points to 80,911.41 and Nifty dropping 252.25 points to 24,635.95, amid widespread selling in bluechip stocks. However, several small and mid-cap stocks defied the broader market downturn, with Gyscoal Alloys surging 17.81% and at least five others hitting fresh 52-week highs including National Fittings, Reliable Ventures India, Mayur Leather, Onesource Ideas Ven, and Scoda Tubes. Conversely, Archana Software, Bluspring Enterprises, Digitide Solutions, Pulsar International, and IGC Industries touched new 52-week lows during the session.The Times of IndiaStock market update: Stocks that hit 52-week highs on NSE - The Economic TimesOn June 11, 2025, shares of United Polyfab Gujar, Hybrid Financial Services, Kavita Fabrics, Creative Eye, and Scoda Tubes hit fresh 52-week highs on the NSE at 10:35 AM IST, while shares of Pansari Developers, Lasa Supergenerics, Shree Ram Proteins, Excel Realty N Infra, and BSL Ltd touched their fresh 52-week lows. The NSE Nifty index rose 43.55 points to close at 25,147.8, with 27 shares trading in the green and 23 in the red, while the BSE Sensex traded 125.1 points up at 82,516.82. IT Enabled Services, Tourism & Hospitality, Retail, and Auto sectors saw buying interest, while Industrial Consumables, Financial Services, and Construction sectors witnessed selling pressure.The Times of IndiaScoda Tubes shares list flat at Rs 140 on NSE, BSE - The Economic TimesScoda Tubes Limited shares listed flat at Rs 140 on both BSE and NSE on June 4, 2025, with no gains over the IPO price despite overwhelming investor interest. The Rs 220 crore IPO, entirely a fresh issue of 1.57 crore equity shares, was subscribed 57.37 times overall with NIIs bidding 121.72 times and QIBs 72.97 times. The company plans to use proceeds for capacity expansion and manufacturing modernization in Gujarat, having reported a net profit of Rs 24.91 crore for the nine months ended December 2024.The Times of IndiaScoda Tubes IPO allotment: Here's how to check status, listing details, and GMP - The Economic TimesScoda Tubes' ₹220 crore IPO allotment will be finalized on June 2, 2025, following an overwhelmingly subscribed issue that received 57.37x overall subscription with strong demand from institutional and retail investors. The stock is expected to list on June 4 on both NSE and BSE, with a GMP of ₹20 suggesting a potential 15% listing gain. Proceeds from the IPO will be used for production capacity expansion, working capital, and general corporate requirements.The Times of IndiaScoda Tubes IPO subscribed 53 times on final day of bidding - The Economic TimesScoda Tubes' IPO was subscribed 53.78 times on its final day of bidding on May 30, 2025, with non-institutional investors leading at 113.03 times subscription and Qualified Institutional Buyers at 69.51 times. The Gujarat-based stainless-steel tubes and pipes manufacturer raised Rs 220 crore through the entirely fresh issue and previously garnered Rs 66 crore from anchor investors. Proceeds will be used to expand production capacity for seamless and welded tubes and pipes, meet working capital requirements, and fund general corporate purposes, serving industries including oil and gas, chemicals, and fertilizers.The Times of IndiaScoda Tubes IPO attracts strong demand, subscribed over 9x on Day 3 so far. Check details - The Economic TimesScoda Tubes' Rs 220 crore IPO has attracted strong demand, being subscribed over 9x on Day 3 of the bidding process, with non-institutional investors leading at 27.04x subscription as of May 30, 2025. The company plans to list on both NSE and BSE on June 4, with brokerages including Canara Bank Securities and Anand Rathi recommending a long-term "Subscribe" based on the company's strong revenue growth, export potential, and backward integration capabilities. Despite robust financial performance with revenue rising from Rs 194 crore to Rs 400 crore between FY22 and FY24, analysts note concerns around cash flow efficiency and customer concentration risks.The Times of IndiaScoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details - The Economic TimesScoda Tubes' IPO was subscribed 5.54 times on its second day of bidding on May 29, 2025, driven primarily by non-institutional investors who subscribed 14.4 times, with retail investors at 3.90 times and qualified institutional buyers at 1.7 times. The company aims to raise Rs 220 crore through a 100% fresh issue with a price band of Rs 130-140 per share, and shares are trading at a grey market premium of 13.6%, with listing expected on June 4. Scoda Tubes has demonstrated strong financial growth, with revenue nearly doubling from Rs 194 crore in FY22 to Rs 400 crore in FY24 and profit after tax surging from Rs 1.63 crore to Rs 18.3 crore during the same period.ValueresearchonlineScoda Tubes IPO analysis. Should you invest?Scoda Tubes is launching an IPO with a fresh issue of Rs 220 crore, opening for subscription from May 28–30, 2025, to fund capital expenditure and working capital, with the post-IPO market capitalisation expected at Rs 839 crore. The steel pipes manufacturer reported strong growth between FY22 and FY24, with annual revenue and net profit compounding at 44 and 235 per cent respectively, though it carries a high debt-to-equity ratio of 1.4 times as of December 2024. Key risk factors include concentration of revenue among its top 10 customers (who contributed 58 per cent of revenue in the nine months ended December 2024), cyclical exposure to capex-driven sectors, and a competitive market with low entry barriers.