Scoda Tubes Limited , a leading manufacturer of stainless steel tubes and pipes, has announced its financial results for the first half of fiscal year 2026 (H1FY26), showcasing robust growth in both revenue and profitability.

Financial Highlights

• Revenue: The company reported a revenue of INR 242.70 crores in H1FY26, marking a 5% increase from INR 231.20 crores in the same period last year.
• Profit After Tax: Net profit saw a significant jump of 39%, reaching INR 21.10 crores compared to INR 15.20 crores in H1FY25.
• Gross Profit Margin: Scoda Tubes maintained a strong gross profit margin of 31.80%, slightly up from 31.30% in the previous year.
• EBITDA: EBITDA slightly decreased by 3% to INR 36.50 crores.

Operational Performance

Scoda Tubes continues to strengthen its position in the stainless steel tubes and pipes sector. The company serves 349 clients globally across various industries, including oil & gas, chemicals, fertilizers, power, pharmaceuticals, automotive, and transportation.

Balance Sheet Strength

As of September 30, 2025, Scoda Tubes reported:

Cash Flow and Liquidity

The company's cash flow statement reveals:

• Net cash flow used in operating activities: INR 510.30 crores
• Net cash used in investment activities: INR 1,412.25 crores
• Net cash inflow from financing activities: INR 1,851.27 crores, primarily from the issuance of shares through an IPO

Market Position and Future Outlook

Scoda Tubes Limited has completed its Initial Public Offer (IPO) during the half-year, raising INR 2,200.00 million by issuing 15,714,200 equity shares at an offer price of INR 140 per share. The company's shares are now listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

With its strong financial performance and recent capital raise, Scoda Tubes is well-positioned to capitalize on growth opportunities in the stainless steel tubes and pipes market. The company's focus on serving diverse industries and its expanding global client base suggest potential for continued growth in the coming quarters.

In a significant development for the Indian stock market, shares worth over ₹19,300 crore from four companies are poised to become eligible for trading as their respective shareholder lock-in periods come to an end. This event marks a crucial milestone for these companies and could potentially impact market dynamics.

Premier Energies: The Major Player

Premier Energies, a key player in this unlock event, is set to see the largest volume of shares becoming tradeable. A substantial 185.2 million shares, representing 41% of the company's outstanding equity and valued at approximately ₹18,347.00 crore, will be unlocked as the one-year lock-in period expires. This represents the lion's share of the total value set to be unlocked across all four companies.

Other Companies in the Mix

While Premier Energies dominates the unlock event, three other companies are also part of this development:

1. Aditya Infotech: 4.3 million shares (4% of outstanding equity) worth ₹539.00 crore will become tradeable after a one-month lock-in period. Notably, the stock has shown impressive performance, trading 85% above its initial public offering (IPO) price of ₹675.00 per share.

2. Scoda Tubes : 2.4 million shares valued at ₹41.00 crore are set to unlock. The company's stock is currently trading slightly above its IPO price of ₹140.00 per share.

3. Laxmi India Finance: Another 2.4 million shares worth ₹31.00 crore will become eligible for trading. However, the company's stock is currently trading below its issue price of ₹158.00 per share.

Implications of the Unlock

It's important to note that while these shares becoming eligible for trading is a significant event, it does not necessarily mean that all or any of these shares will be immediately sold in the open market. The unlocking merely removes the trading restrictions on these shares, allowing their holders the option to trade if they choose to do so.

Market Impact

The unlocking of such a substantial volume of shares, particularly from Premier Energies, could potentially influence market dynamics. However, the actual impact will depend on various factors, including the intentions of the shareholders, overall market conditions, and individual company performance.

Investors and market watchers will be keenly observing how this development unfolds, particularly given the varied performance of the stocks involved. While Aditya Infotech has shown strong performance since its IPO, Laxmi India Finance is currently trading below its issue price, highlighting the diverse scenarios these companies face as their shares unlock.

As always, investors are advised to conduct thorough research and consider their investment goals before making any decisions based on this unlock event.