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Scan Steels Ltd (SCANSTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511672 NSE: SCANSTL Steel & Iron Products | Small Cap | Scan Steels Share Price

₹43.32 2.06 (4.99%)

As on 04-Nov'26 15:57

Scan Steels Ltd (SCANSTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511672 NSE: SCANSTL Steel & Iron Products | Small Cap | Scan Steels Share Price

₹43.32 2.06 (4.99%)

As on 04-Nov'26 15:57

Key Metrics
Valuation Multiples
Market Cap
₹251 Cr.
Current Price
₹43.3
52-Week Low / High
₹24 / 68
TTM EPS
₹4.1
TTM Sales
₹864 Cr.
Book Value per Share
₹77.7
P/E Ratio
10.12
Lower than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
0.53
In line with its 5-year historical median
Price to Sales (P/S)
0.29
Higher than its 5-year historical median
EV/EBITDA
5.77
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.06%
Underperforms industry median
Return on Capital Employed (ROCE)
7.49%
Underperforms industry median
Return on Assets (ROA)
3.70%
Underperforms industry median
Operating Profit Margin
5.9%
In line with industry median
Net Profit Margin
2.63%
Underperforms industry median
Gross Profit Margin
5%
In line with industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
6.22%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
8.26%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.66%
Asset Quality
Promoter Holding
49.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹411 Cr.
Equity
₹60.8 Cr.
Face Value
₹10
All Time Low / High
₹1.50 / 260.00

Scan Steels stock performance

Key Ratios
mw4me loader

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Quality

Not Good
Check detailed performance

Valuation

Somewhat Undervalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Scan Steels Ltd a good quality company?
Scan Steels Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Scan Steels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Scan Steels Ltd vs industry peers?
Scan Steels Ltd revenue CAGR is -8.40%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Scan Steels Ltd?
Promoters hold 49.70% of the Scan Steels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Scan Steels Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Scan Steels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ-0.4%9%7.2%6.8%14.7%17.7%8.9%7%7%7.2%-
Value Creation
Index ⓘ		-1.0-0.4-0.5-0.50.10.3-0.4-0.5-0.5-0.5-

Growth Parameters ⓘ
Sales ⓘ3785076956687321,0001,091965789838864
Sales YoY Gr.-34.2%37.2%-4%9.7%36.6%9.1%-11.5%-18.3%6.2%-
Adj EPS ⓘ-2.3-0.41.30.15.59.72.33.33.43.43.7
YoY Gr.-NANA-95.3%9000%76.7%-76%44%0.9%0.3%-
BVPS (₹) ⓘ50.650.251.351.457.36769.975.171.374.976.5
Adj Net
Profit ⓘ		-11.8-26.70.328.650.512.117.519.719.823
Cash Flow from Ops. ⓘ3.2-69.54.130.335.348.853.378.3737.1-
Debt/CF from Ops. ⓘ66.1-2.937.34.82.72.22.11.58.91.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.3%2.8%-8.4%6.2%
Adj EPS ⓘNA-9.2%13.4%0.3%
BVPSⓘ4.5%5.5%2.3%5.2%
Share Price 4.5% 3.2% -13.7% 9.5%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		-4.6-0.82.50.11015.53.44.64.84.64.9
Op. Profit
Mgn % ⓘ		4.311.56.269.48.64.555.85.96.2
Net Profit
Mgn % ⓘ		-3.1-0.410.13.95.11.11.82.52.42.6
Debt to
Equity ⓘ		0.80.80.60.50.30.30.30.30.20.2-
Working Cap
Days ⓘ		224157101103100818410012211559
Cash Conv.
Cycle ⓘ		5866666866555872857725

Valuation of Scan Steels - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales1,091965789838
Operating Expenses ⓘ + 1,042917743789
Manufacturing Costs131144141137
Material Costs867730551598
Employee Cost 30313740
Other Costs ⓘ 12121414
Operating Profit ⓘ 49484650
Operating Profit Margin (%) 4.5%5.0%5.8%5.9%
Other Income ⓘ + 6252
Exceptional Items ⓘ 0000
Interest ⓘ 201099
Depreciation ⓘ 13151616
Profit Before Tax ⓘ 22272829
Tax ⓘ 7667
Profit After Tax 15212222
PAT Margin (%) 1.4%2.2%2.7%2.6%
Adjusted EPS (₹)2.94.03.73.8
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 366403423449
Share Capital ⓘ 52.3558.6058.6060.64
Reserves ⓘ 314344364388
Debt +951166271
Long Term Debt40600
Short Term Debt551116271
Minority Interest0000
Trade Payables16576
Others Liabilities ⓘ 89848883
Total Liabilities ⓘ 566608579609

Fixed Assets

Net Fixed Assets ⓘ +281279264251
Gross Block489502501504
Accumulated Depreciation208222237253
CWIP ⓘ 212041
Investments ⓘ 13292645
Inventories159176168168
Trade Receivables43251121
Cash Equivalents 1032105
Others Assets ⓘ 59678178
Total Assets ⓘ 566608579609
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 5382737
PBT ⓘ 22272829
Adjustment ⓘ 27231720
Changes in Working Capital ⓘ 1037-33-4
Tax Paid ⓘ -5-6-5-8
Cash Flow From Investing Activity ⓘ + -32-30-15-38
Capex -27-12-19-24
Net Investments -5-146-17
Others ⓘ 1-4-23
Cash Flow From Financing Activity ⓘ + -33-30-14-5
Net Proceeds from Shares ⓘ 01400
Net Proceeds from Borrowing ⓘ -14-34-6-0
Interest Paid ⓘ -19-10-8-8
Dividend Paid ⓘ 0000
Others ⓘ 0-0-04
Net Cash Flow ⓘ -1222-22-5
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.195.525.285.06
ROCE (%)8.727.597.37.49
Asset Turnover Ratio1.931.641.331.41
PAT to CFO Conversion(x)3.533.90.321.68
Working Capital Days
Receivable Days14.3012.808.307
Inventory Days53.1063.2079.4073.10
Payable Days6.605.3043.80

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

Scan Steels Ltd FAQs

The current trading price of Scan Steels on 04-Nov-2026 15:57 is ₹43.32.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Nov-2026 the market cap of Scan Steels stood at ₹250.6 Cr

The latest P/E ratio of Scan Steels as of 03-Nov-2026 is 11.03.

The latest P/B ratio of Scan Steels as of 03-Nov-2026 is 0.54.

The 52-week high of Scan Steels is ₹67.74 and the 52-week low is ₹24.40.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Scan Steels is ₹864 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Scan Steels Ltd is a below average quality company.

The key valuation ratios of Scan Steels Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Scan Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Scan Steels Ltd

Scan Steels Ltd is self-sufficient in almost all aspects of steel making mainly producing TMT rods used for construction activities across different sectors. It was incorporated on December 11, 1990 as a private limited company and subsequently converted to a public limited company on March 18, 1996 and its commercial operation started on April 1. 1997. The company was a pioneer in starting DRI unit of smaller capacity in the state of Odisha in the year 1999 and has grown to be the largest TMT manufacturing company in Odisha through secondary route of steel making.

The company is listed on the BSE and has its manufacturing facilities in three places in and around the industrial town of Rajgangpur, Odisha which is an integrated steel plant having its own captive power plant with all other facilities like SMS & DRI units, required for steel making. The unit was started in the year 1996 in Ramabhal village with one rolling mill and was subsequently developed into an integrated steel plant by backward and forward integration within next 23 years. Scan Steels Limited’s registered office is located at Mumbai and the corporate office is located at Bhubaneswar and the works office is located in Rajgangpur, Odisha.

The company has changed its name from Clarus Finance & Securities Ltd to Clarus Infrastructure Realties Ltd. In March 2012. Further, the name has been changed to Scan Steel in September 2014.

Business area of the company

The company is primarily engaged in manufacturing of Iron & Steel products like MS Billets & TMT rods through secondary steel manufacturing route and over the years has improvised by using new technologies and processes to minimize the production cost and increase efficiencies. The company has worked for wider market penetration by installing manufacturing facilities in four places in the state of Odisha & Karnataka and minimizing energy dependence on the state grid by installing a captive power plant in Odisha.

Products

  • MS Billets
  • Shrishtii TMT
  • Shrishtii Structural
  • Shrishtii Roofing
  • Fly Ash Bricks
  • Quality
  • Product Pricing

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