Scoda Tubes makes stainless steel tubes and pipes that go into places where failure is not an option - nuclear reactors, deep-sea oil rigs, fighter-jet engine coolers, pharmaceutical cleanrooms. Founded in 2008 in Gujarat and listed in 2025, the company has spent nearly two decades doing one thing: mastering the metallurgy and precision manufacturing of seamless and welded stainless steel tubes, a focus so narrow that it now supplies roughly 349 customers across 32 countries. The recurring approach is to own more of its production chain than rivals do - melting its own mother hollows, running its own quality lab, and soon generating its own solar power - so that it controls cost, quality, and delivery timing from a single factory gate. # Business segments A single integrated manufacturing engine producing two families of stainless steel tube - seamless for high-pressure critical applications and welded for broader commercial demand - from one Gujarat facility, sold to domestic stockists and export markets on three continents. ## 1. Seamless tubes and pipes: the high-pressure backbone **Every nuclear plant, oil refinery and naval vessel needs tubes that will not crack under extreme heat and pressure - and this division makes them from scratch, starting with raw steel bars.** - **Backward-integrated to the melt stage** - the company’s hot piercing mill, completed in May 2022, turns stainless steel round bars into hollow mother tubes in-house, supplying 70% of its own seamless input with a target of full captive use by FY28, which cuts raw-material cost and insulates production from supplier delays. - **A library of sizes and wall thicknesses** - seamless pipes range from 1/8 inch to 6 inches in outer diameter with wall schedules from Sch10s to Sch80s, while seamless tubes go from 6 mm to 101.6 mm in diameter and can be drawn to lengths of up to 22 metres, covering everything from boiler tubing to instrumentation lines. - **U-bent for heat exchange** - the division also produces seamless U-tubes up to 22 metres long, cold-bent and stress-relieved at the bend, which are the core component inside heat exchangers, condensers and high-pressure heaters at power stations and chemical plants. - **Approved by the toughest customers** - vendor approvals from the Department of Atomic Energy (2017), BHEL’s multiple plants, and Indian Railways’ locomotive works were earned over more than a decade of audits, and the company holds certifications including IBR for boilers, Norsok M650 for offshore oil and gas, and PED for the European pressure-equipment market. - **33 lines under one roof** - the seamless shop runs 25 Pilger mills and 8 draw benches with a combined capacity of just over 20,000 tonnes per year, all on a developed plot of more than 37,000 square metres, which gives the production team the flexibility to switch between grades and dimensions without subcontracting. ## 2. Welded tubes and pipes: the volume play under construction **Where seamless tubes handle extreme conditions, welded tubes serve the everyday infrastructure of data centres, water plants and commercial buildings - and the company is doubling down on this segment with a new factory hall.** - **Thin walls, long lengths, lower cost** - welded tubes are formed from stainless steel coil, roll-formed and TIG-welded, with outer diameters from 6 mm to 60.3 mm and wall thicknesses down to 0.80 mm, making them the economical choice for low-pressure heat exchangers and general fluid transport. - **A capacity leap in progress** - a new welded facility adding 8,000 tonnes per year is under construction at a cost of roughly INR 40 crores, with equipment arriving by mid-2027 and trial runs targeted for the end of the second quarter, which will lift total welded capacity to over 21,000 tonnes annually by the first half of FY28. - **Opens doors to new end-markets** - the expanded welded output is aimed squarely at data centres, water treatment, HVAC systems and construction, sectors that consume welded tube in volume and have previously been a small part of the company’s order book. - **Sold as a package with seamless** - EPC contractors and end-users often need both seamless and welded tubes for a single capex project, so the welded range lets the company offer a complete bundle rather than losing part of the order to a competitor. ## 3. Exports: the European and American connection **Roughly a third of revenue comes from outside India, with Europe alone taking more than a quarter of total sales - a geographic hedge built on certifications, exhibitions and long-standing distributor relationships.** - **Europe is the largest overseas market** - in FY26, Europe contributed INR 137.8 crores or 27% of revenue, with Germany (INR 19.6 crores in the fourth quarter alone), Italy and Spain among the top destinations, while the Americas added another 6%. - **Sold through exclusive stockists and reps** - in the United States, one authorised stockist carries the company’s products exclusively; in Italy, Germany, Austria and Eastern Europe, local sales and marketing representatives connect the factory to end-users, fabricators and EPC contractors. - **Certifications unlock the door** - European sales are backed by PED 2014/68/EU and ADW/AD 2000 approvals, while marine-class approvals from DNV open shipbuilding and offshore markets, and applications are pending with Bureau Veritas Marine (France) and Rina Marine (Italy). # Group structure and partners **A single-entity, promoter-led manufacturer with a flat organisation and a recently abandoned attempt at a European trading subsidiary.** - **One company, one factory, one listing** - Scoda Tubes Limited is a standalone legal entity with no active subsidiaries, joint ventures or associates; its shares trade on NSE and BSE under the symbols SCODATUBES and 544411 respectively, following the 2025 IPO that raised INR 220 crores. - **Promoter-operators on the shop floor** - the five promoters - Samarth Patel (exports), Jagrutkumar Patel (domestic sales), Ravi Patel (finance), Saurabh Patel (projects) and Vipulkumar Patel (production) - average roughly eight to ten years in the stainless steel tube industry and hold executive roles rather than acting as distant shareholders. - **The Poland acquisition that wasn’t** - in September 2025 the board approved buying 100% of Arvind sp.z o.o., a Polish tube trader, for EUR 7,000 to build a European distribution foothold, but the deal was cancelled in May 2026 after cross-border remittance hurdles made timely execution impossible.