Scoda Tubes targets 25% revenue growth for FY27, plans ₹100 cr capex
The pipe maker is building new welded capacity for data centres and HVAC while awaiting final marine certification from Italy's Rina.
— 2 earlier stories on Scoda Tubes Ltd. →What's new
- Management guided for 25% revenue growth and 14-15% EBITDA margins in FY27.
- Capex of ₹100 cr planned, including an 8,000-tonne welded pipe line for data centre and HVAC markets.
- Awaiting final approval from Rina Marine for Italian marine sector access, expected within weeks.
Why this matters
The guidance is aggressive for a company with just three to four months of order visibility. The ₹100 crore capex commitment is a significant bet on new markets, particularly if the Rina Marine approval arrives. The margin guidance suggests stable costs, but the new capacity must be filled to hit the 70% utilisation target.
What we're watching
- Timing and outcome of the Rina Marine approval.
- Order inflow to fill the new welded capacity in FY27.
- Actual margin performance against the 14-15% EBITDA guidance.
The full read
Scoda Tubes is targeting 25% revenue growth in FY27 with EBITDA margins of 14-15%. The pipe maker is backing that guidance with ₹100 crore in capital expenditure, headlined by a new 8,000-tonne welded plant aimed at data centre and HVAC clients. An order book of ₹175 crore provides only three to four months of cover, making the 70% utilisation target for existing capacity and the ramp-up of the new line key tests. Management is also awaiting final certification from Italy's Rina Marine for the marine sector, which it expects within weeks. The guidance was laid out in a Q4 FY26 call transcript that restates information from an earlier summary, adding little new detail beyond the strategic roadmap.
Questions answered
- What is Scoda Tubes' growth target for FY27?
- Management guided for 25% revenue growth, with EBITDA margins expected between 14% and 15%. This comes with a ₹100 crore capital expenditure plan.
- Where is the company investing its capex?
- The ₹100 crore capex includes a new 8,000-tonne welded pipe plant targeting data centre and HVAC markets. It also awaits final marine certification from Rina for the Italian sector.
- How much revenue visibility does the order book provide?
- The ₹175 crore order book offers three to four months of visibility. The company targets 70% utilisation for its existing capacity and 25% for the new welded line in FY27.
- What was the nature of this earnings call?
- This was the Q4 FY26 results call. The transcript notes the guidance was already disclosed in an earlier summary and earnings filings, with no material new surprises.
Scoda Tubes Ltd.
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All notes on SCODATUBES →- 1 Jun 2026 · 10:55 AM IST Scoda Tubes targets 25% revenue growth for FY27, plans ₹100 cr capex
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