# Scoda Tubes share price today (Scoda Tubes Ltd, NSE: SCODATUBES)

> Scoda Tubes share price today: ₹105.99 at the NSE close on 3 November 2026, down 33.7% in a year. Scoda Tubes (NSE: SCODATUBES) is worth ₹634 crore, trades at a P/E of 17.2 and has closed between ₹104.88 and ₹174.44 over the past 52 weeks. > Scoda Tubes Ltd's P/E is near the low end of its own history, higher than only 2% of past readings, and its quarterly results are still getting worse. SCODATUBES · Steel - Tubes/Pipes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/scoda-tubes-ltd

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## Key numbers

- Price: ₹105.99 (−33.7% in a year)
- P/E: 17.2× (lower than 98% of the last 1 year)
- Revenue (Jun 2026): ₹124 Cr (+27.6% on a year ago)
- Profit (Jun 2026): ₹5.3 Cr (−25.8% on a year ago)
- Operating margin: 12.8% (−1.7 points on a year ago)
- ROCE: 17%, FY26
- ROIC: 9.0%, against a 12.0% cost of capital: −3.0 points
- Profit that came in as cash: 18%, last 3 years

The main question: the P/E is near the low end of its own history, higher than only 2% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the Scoda Tubes share price today? Scoda Tubes Ltd's share price was ₹105.99 at the close on 3 November 2026. It has been falling for 47 weeks. That is 22.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹105 and ₹174, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 11 weeks running. Over the last 1 year the share price moved −31% while the NIFTY 500 moved −6%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Scoda Tubes this quarter? Three changes stood out: indian funds and insurers (DIIs) cut their stake for 3 quarters in a row, lowest operating margin in 10 quarters and foreign funds (FIIs) raised their stake for 4 quarters in a row. 1. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row From 7.4% to 0.4% of the company by the September 2026 quarter. 2. Lowest operating margin in 10 quarters Operating margin was 12.9% in the June 2026 quarter, against 14.6% a year earlier. 3. Foreign funds (FIIs) raised their stake for 4 quarters in a row From 7.8% to 8.6% of the company by the September 2026 quarter. ## What are Scoda Tubes' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Scoda Tubes reported revenue of ₹124 crore, up 27.6% from ₹97.4 crore a year earlier, and a profit of ₹5.25 crore, down 25.8% from ₹7.08 crore. ### Scoda Tubes results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹124 crore | ₹97.4 crore | +27.6% |
| Profit | ₹5.25 crore | ₹7.08 crore | −25.8% |
| Earnings per share | ₹0.88 | ₹1.18 | −25.4% |
| Operating margin | 12.8% | 14.6% | −1.7 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 28 May 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Scoda Tubes share price history? Scoda Tubes closed at ₹105.99 on 3 November 2026, down 33.7% from ₹159.77 a year earlier (31 October 2025). Its highest weekly close since June 2025 was ₹212.51 on 11 July 2025. ### Scoda Tubes share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹107.47 | −1.4% |
| 1 month ago · 1 Oct 2026 | ₹123.00 | −13.8% |
| 6 months ago · 30 Apr 2026 | ₹147.94 | −28.4% |
| 1 year ago · 31 Oct 2025 | ₹159.77 | −33.7% |
| Earliest weekly close in our records · 6 Jun 2025 | ₹153.13 | −30.8% |
| Highest weekly close since June 2025 · 11 Jul 2025 | ₹212.51 | −50.1% |
| Lowest weekly close since June 2025, also the 52-week low · 30 Oct 2026 | ₹104.88 | +1.1% |
| 52-week high (weekly close) · 10 Nov 2025 | ₹174.44 | −39.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (78 weekly closes from 6 June 2025 to 3 November 2026.)

## What is the latest news on Scoda Tubes? 3 Nov 2026: Scoda Tubes closed at ₹105.99, down 1.4% on the week and down 13.8% on the month. Results for April to June 2026: Revenue up 27.6% and profit down 25.8% on a year earlier. ### Earlier

- 28 May 2026: Scoda Tubes held its results call for January to March 2026. Management guided: FY27 consolidated revenue growth 25%. ## What dividend does Scoda Tubes pay? Scoda Tubes has paid no dividend on the NSE since its first NSE close in our records (6 June 2025), the start of the period we checked. No. Scoda Tubes Ltd paid out 0% of its profit as dividends in each of its last 5 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Scoda Tubes management say on the latest results call? On the call for January to March 2026, held on 28 May 2026, Scoda Tubes' management guided: FY27 consolidated revenue growth 25%. > “In the absence of this gas supply disruption, revenue could have been approximately 140 crores for the quarter”
> Samarth Patel, on the call for January to March 2026

### What management guided

- FY27 operating margin 14-15%; implies 50-70 basis points recovery from FY26 14.7% despite concurrent raw material and energy inflation. - Seamless utilization FY27 approximately 70%; path to optimal by FY28. - Welded utilization FY27 approximately 25% on 13,000 MT phase; optimal contribution by FY29 post-expansion. - Total capital spending FY27 approximately 100 crore. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/58480-28-May-2026.pdf). (From the call for January to March 2026, 28 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Scoda Tubes' next results? When Scoda Tubes reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: BHEL tender finalization and award quantum - August 2026 submission per management but repeated prior delays (Nov to March to June to August pattern); next call should surface tender details, award status, and volume estimate; material order win would extend order visibility from current 3-4 months. - What to check (from the call)
- BHEL tender finalization and award quantum - August 2026 submission per management but repeated prior delays (Nov to March to June to August pattern); next call should surface tender details, award status, and volume estimate; material order win would extend order visibility from current 3-4 months. - Welded facility commissioning trajectory - equipment delivery July-August planned, trials end-July to September 2026, H2 start; critical to validate timeline; production volumes, quality profile, customer qualification status gate data center order flow and FY29 utilization assumptions. - FY27 revenue growth and utilization pacing - 25% guidance implies specific seamless and welded utilization assumptions; next call should confirm volumes tracking within bands and whether organic growth or BHEL/data center acceleration outperforming baseline. - Raw material cost pass-through realization - FY26 cost inflation passed through but 2-3 month project order lag creates working capital pressure; next call should show if customer price increases materialized in realizations and margin recovery trajectory moving toward 14-15% guidance. ## Which stock lists is Scoda Tubes on? Scoda Tubes is on one of our India lists: 52 week high & low. [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is Scoda Tubes profitable? Scoda Tubes Ltd earned ₹5.3 Cr of net profit in the Jun 2026 quarter, −25.8% on the same quarter a year earlier. Full-year FY26 profit was ₹39.0 Cr. Over 4 years profit has grown 110.1% a year on average. That is 4.2% of the quarter's revenue. The same quarter a year earlier earned ₹7.1 Cr. For the full year, FY26 profit was ₹39.0 Cr (+21.9% on the year before). Why profit moved: revenue changed +27.6% on a year earlier and the margin moved −1.7 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +4.7% and revenue +12.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Scoda Tubes make, and is it growing? Scoda Tubes Ltd reported ₹124 Cr of revenue in the Jun 2026 quarter, +27.6% on the same quarter a year earlier. Over 4 years it has grown 27.9% a year on average. The last full year, FY26, came in at ₹519 Cr. The last four reported quarters add to ₹546 Cr. FY26 revenue was ₹519 Cr, +7.0% on the year before. Recent pace: the last four quarters grew +12.3% on average, against 27.9% a year over the longer run, so this year is growing slower than its own long-run rate. ## How much of every ₹100 of sales does Scoda Tubes keep? Scoda Tubes Ltd's operating margin was 12.8% in the Jun 2026 quarter, 1.7 percentage points lower than the same quarter a year ago. Across 5 years it has been between 5.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.7 percentage points on the year while gross margin changed +2.8 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Scoda Tubes' profit turning into cash? Over the last 3 years, 18% of Scoda Tubes Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹14.0 Cr of cash, against ₹39.0 Cr of profit. After ₹99.0 Cr of spending on assets, free cash was −₹113 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 18% of profit came in as cash: the cash cycle got 22 days longer between FY22 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 22 days longer. The next section looks at where the cash is stuck. ## Where does Scoda Tubes' cash go? Scoda Tubes Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 211 days in FY26, up from 189 days in FY22. It spent ₹175 Cr on assets over the last 3 years. Customers take 97 days to pay, and stock sits for 217 days on average. At FY26 sales of ₹519 Cr, each day of that cycle ties up about ₹1.4 Cr, so roughly ₹300 Cr is tied up in the business at any time. FY26: customers took 97 days to pay and stock sat for 217 days, about 7.1 months of sales sitting as stock, for a full cycle of 211 days, longer than FY22's 189. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 217 days. Customers pay about 97 days after that. Suppliers are paid at 103 days. Together that makes the 211-day cycle. Spending on assets: ₹175 Cr over the last 3 years, against ₹43.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹9.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Scoda Tubes' P/E ratio, and how does it compare with its own history? Scoda Tubes Ltd's P/E is 17.2×, about the lowest it has ever been. Its usual P/E (the middle reading) is 21.9×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −9.7% while the price moved −33.7%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Scoda Tubes business getting better or worse? Scoda Tubes Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 7 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Scoda Tubes earn on its capital? Scoda Tubes Ltd earned a ROCE of 17% in FY26. That is up from a low of 16% in FY23. Its return on capital used (ROIC) is 3.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 7.5% net margin and 0.75× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.5% net margin × 0.75× asset turnover × 1.76× leverage (assets divided by equity) ≈ 9.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.0% − 12.0% = −3.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 9.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 10.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Scoda Tubes have too much debt? Scoda Tubes Ltd has total debt of ₹187 Cr against shareholder equity of ₹390 Cr as of Jun 2026, so its debt is 0.48× its equity. Year by year, that ratio went from 3.17 in FY24 to 0.48 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Scoda Tubes shareholding pattern? Domestic institutions cut their stake in Scoda Tubes Ltd by 7.4 percentage points over 5 quarters, the biggest change among its owners. Domestic institutions now own 0.4% of the company. Foreign institutions moved +0.5 points over the same period, to 8.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −7.4 points over 5 quarters, to 0.4%; Foreign institutions: +0.5 points over 5 quarters, to 8.6%; Promoters: +0.0 points over 5 quarters, to 66.4%. Why the owners changed: domestic institutions drove it (−7.4 points), with the other side taken by foreign institutions (+0.5 points). They reduced their stake. ## How far is Scoda Tubes from balance-sheet trouble? For Scoda Tubes Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Scoda Tubes rank in its industry? 43.2 out of 100, rank 11 of 15 in Steel - Tubes/Pipes, with 64% of the evidence available. Scoda Tubes Ltd scores 43.2 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 11. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 10.1 + 14.8 + 10.6 + 7.7 = 43.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Scoda Tubes compared with? Scoda Tubes ranks 11 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 43.2 out of 100. 1. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) SAMBHV · breaking out · Most evidence points up · 93% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 41.9% · Profit 100% · Operating margin change 2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 19.1% · Operating margin 12% · 100% evidence Valuation 9.6/20 · P/E 22.7× · PEG 1.74 · 65% evidence Relative strength 19.3/20 · Lead over its industry 27.9% · Lead over NIFTY 500 39% · 1 year 35.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 15.8 + 9.6 + 19.3 = 74.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [APL Apollo Tubes Ltd](https://www.sectoralpha.in/stocks/apl-apollo-tubes-ltd) APLAPOLLO · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 14.9% · Profit 24.8% · Operating margin change 0 points · 100% evidence Capital efficiency 20.8/25 · ROCE 31.8% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 45.9× · PEG 0.92 · 100% evidence Relative strength 15.4/20 · Lead over its industry 3.8% · Lead over NIFTY 500 14.7% · 1 year 20.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.5 + 20.8 + 10.4 + 15.4 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Man Industries (India) Ltd](https://www.sectoralpha.in/stocks/man-industries-indialtd) MANINDS · leader · Most evidence points up · 96% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 10.8% · Profit 25.9% · Operating margin change 7 points · 88% evidence Capital efficiency 14.9/25 · ROCE 16.2% · Operating margin 14% · 100% evidence Valuation 11.1/20 · P/E 26.6× · PEG 0.22 · 100% evidence Relative strength 19.7/20 · Lead over its industry 31% · Lead over NIFTY 500 40% · 1 year 76.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.2 + 14.9 + 11.1 + 19.7 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) GANDHITUBE · breaking out · Most evidence points up · 96% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 11.1% · Profit 13.6% · Operating margin change 4 points · 88% evidence Capital efficiency 19.8/25 · ROCE 28.4% · Operating margin 47% · 100% evidence Valuation 16.6/20 · P/E 13.1× · PEG 0.85 · 100% evidence Relative strength 11.4/20 · Lead over its industry -1.2% · Lead over NIFTY 500 8.5% · 1 year -0.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 19.8 + 16.6 + 11.4 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [DEE Development Engineers Ltd](https://www.sectoralpha.in/stocks/dee-development-engineers-ltd) DEEDEV · quiet · Evidence leans up · 89% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 40.1% · Profit 50% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 10.7% · Operating margin 17% · 100% evidence Valuation 13.6/20 · P/E 46.6× · PEG 0.62 · 65% evidence Relative strength 11.8/20 · Lead over its industry 14.2% · Lead over NIFTY 500 20.2% · 1 year 96.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.4 + 9.1 + 13.6 + 11.8 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) VENUSPIPES · leader · Evidence leans up · 96% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 21.9% · Profit 14.3% · Operating margin change 0 points · 88% evidence Capital efficiency 20.8/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 4.1/20 · P/E 39.9× · PEG 3.94 · 100% evidence Relative strength 17.3/20 · Lead over its industry 22.1% · Lead over NIFTY 500 31.6% · 1 year 41.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.1 + 20.8 + 4.1 + 17.3 = 58.3 · What this means: Relative strength against the index is 31.6%, and revenue and profit growth are weak. 7. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) JTLIND · breaking out · Evidence leans up · 78% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 19% · Profit 42.4% · Operating margin change 3.7 points · 83% evidence Capital efficiency 7.9/25 · ROCE 9.6% · Operating margin 8% · 76% evidence Valuation 12.4/20 · P/E 25.4× · PEG n/a · 50% evidence Relative strength 13.2/20 · Lead over its industry 3.4% · Lead over NIFTY 500 12.7% · 1 year 15.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 7.9 + 12.4 + 13.2 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodluck India Ltd](https://www.sectoralpha.in/stocks/goodluck-india-ltd) GOODLUCK · breaking out · Evidence leans up · 100% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 18.8% · Profit 31.3% · Operating margin change 0 points · 100% evidence Capital efficiency 12.8/25 · ROCE 14.4% · Operating margin 9% · 100% evidence Valuation 9.7/20 · P/E 23.4× · PEG 0.94 · 100% evidence Relative strength 13.1/20 · Lead over its industry 10.3% · Lead over NIFTY 500 20% · 1 year 17.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.4 + 12.8 + 9.7 + 13.1 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hariom Pipe Industries Ltd](https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd) HARIOMPIPE · quiet · Evidence leans down · 81% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 10.8% · Profit 1.5% · Operating margin change 0 points · 88% evidence Capital efficiency 15.7/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 13.8× · PEG 3.05 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year -30.9% · 25% evidence · 1 of 12 weeks ahead Exact sum: 13.1 + 15.7 + 10.3 + 8.4 = 47.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Maharashtra Seamless Ltd](https://www.sectoralpha.in/stocks/maharashtra-seamless-ltd) MAHSEAMLES · losing its lead · Evidence leans down · 96% evidence 43.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue -12.2% · Profit -16.1% · Operating margin change 2 points · 88% evidence Capital efficiency 12.2/25 · ROCE 14.3% · Operating margin 16% · 100% evidence Valuation 15.7/20 · P/E 9.8× · PEG 0.78 · 100% evidence Relative strength 5.6/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -5.3% · 1 year -5.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 10 + 12.2 + 15.7 + 5.6 = 43.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. Scoda Tubes Ltd this page SCODATUBES · quiet · Evidence leans down · 64% evidence 43.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.1/35 · Revenue 11.2% · Profit 8.7% · Operating margin change -1.7 points · 88% evidence Capital efficiency 14.8/25 · ROCE 16.5% · Operating margin 12.8% · 100% evidence Valuation 10.6/20 · P/E 17× · PEG n/a · 15% evidence Relative strength 7.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.4% · 1 year -34.4% · 25% evidence · 3 of 12 weeks ahead Exact sum: 10.1 + 14.8 + 10.6 + 7.7 = 43.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 12. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) SURYAROSNI · basing · Evidence leans down · 96% evidence 39.1 out of 100 Growth Capital Valuation Relative
13. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) HITECH · basing · Most evidence points down · 96% evidence 34.4 out of 100 Growth Capital Valuation Relative
14. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) WELSPLSOL · losing its lead · Most evidence points down · 83% evidence 28.9 out of 100 Growth Capital Valuation Relative
15. [Rama Steel Tubes Ltd](https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd) RAMASTEEL · quiet · Most evidence points down · 96% evidence 24.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel - Tubes/Pipes](https://www.sectoralpha.in/sectors/steel-tubes-pipes), all 15 compared on one page. ## Which companies are close to Scoda Tubes in size? Scoda Tubes is the 14th largest of 15 Steel - Tubes/Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: JTL Industries, Welspun Specialty Solutions, Hi-Tech Pipes, Gandhi Special Tubes and Hariom Pipe Industries. Just below it: Rama Steel Tubes. ### Steel - Tubes/Pipes companies close in size

1. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) ₹2,915 crore
2. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) ₹2,469 crore
3. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) ₹1,390 crore
4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) ₹986 crore
5. [Hariom Pipe Industries Ltd](https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd) ₹964 crore
6. Scoda Tubes Ltd ₹628 crore
7. [Rama Steel Tubes Ltd](https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd) ₹614 crore

[All 15 Steel - Tubes/Pipes companies, largest first](https://www.sectoralpha.in/sectors/steel-tubes-pipes#all-companies)

### Companies close in size in other industries

1. [Ganesh Benzoplast Ltd](https://www.sectoralpha.in/stocks/ganesh-benzoplast-ltd) ₹634 crore · Chemicals - Inorganic
2. [Cheviot Company Ltd](https://www.sectoralpha.in/stocks/cheviot-company-ltd) ₹628 crore · Textiles - Jute/Jute Products
3. Scoda Tubes Ltd ₹628 crore
4. [CWD Ltd](https://www.sectoralpha.in/stocks/cwd-ltd) ₹623 crore · Electronics - Others
5. [Xchanging Solutions Ltd](https://www.sectoralpha.in/stocks/xchanging-solutions-ltd) ₹622 crore · IT - Software

## What else do people ask about Scoda Tubes? ### What were Scoda Tubes's latest quarterly results? Scoda Tubes Ltd reported revenue of ₹124 Cr and net profit of ₹5.3 Cr for the Jun 2026 quarter. Revenue rose 27.6% and profit fell 25.8% compared with a year earlier. Earnings per share were ₹0.88. The operating margin was 12.8%, 1.7 percentage points lower than a year earlier (as of 3 November 2026). ### What is Scoda Tubes's market cap? Scoda Tubes Ltd's market capitalisation is ₹634 Cr at a share price of ₹105.99. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Scoda Tubes performing? Scoda Tubes Ltd's share price has been falling for 47 weeks. In its latest quarter, revenue rose 27.6% and profit fell 25.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 11 weeks running (as of 3 November 2026). ### Will Scoda Tubes's share price go up? This page does not forecast Scoda Tubes Ltd's share price. What it shows instead: the share price is ₹105.99, and it has been falling for 47 weeks. Its P/E of 17.2× is higher than 2% of its own last 1 years (as of 3 November 2026). ### Who owns Scoda Tubes? Promoters own 66.4% of Scoda Tubes Ltd, foreign institutions 8.6%, domestic institutions 0.4% and the public 24.6% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 7.4 percentage points over 5 quarters (as of 3 November 2026). ### Where is Scoda Tubes in its business cycle? Scoda Tubes Ltd's FY26 operating margin was 15.0%, against a 5-year range of 5.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Scoda Tubes story? The main question: the P/E is near the low end of its own history, higher than only 2% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Scoda Tubes a stock worth studying right now? What the numbers show: Scoda Tubes Ltd's P/E is near the low end of its own history, higher than only 2% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Scoda Tubes share price forecast for 2026? What management itself guided: FY27 consolidated revenue growth 25%. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

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