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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
₹52.40 1.40 (2.75%)
As on 24-Sep'26 11:41
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
₹52.40 1.40 (2.75%)
As on 24-Sep'26 11:41
Key Metrics
Valuation Multiples
Market Cap
₹310 Cr.
Current Price
₹52.4
52-Week Low / High
₹24 / 68
TTM EPS
₹4.1
TTM Sales
₹864 Cr.
Book Value per Share
₹77.7
P/E Ratio
12.51
Higher than its 5-year historical median
Industry PE
25.4
Price to Book (P/B)
0.66
Higher than its 5-year historical median
Price to Sales (P/S)
0.36
Higher than its 5-year historical median
EV/EBITDA
6.85
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.28%
Underperforms industry median
Return on Capital Employed (ROCE)
7.30%
Underperforms industry median
Return on Assets (ROA)
3.65%
Operating Profit Margin
5.8%
Net Profit Margin
2.74%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-18.25%
Operating Profit Growth (1 Year)
-
-4.65%
Net Profit Growth (1 Year)
-
2.85%
Asset Quality
Promoter Holding
49.29%
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
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
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.
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.
How does Scan Steels Ltd performance compare with that of its Peers?
Revenue growth of Scan Steels Ltd vs industry peers?
Scan Steels Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Scan Steels Ltd?
Promoters hold 49.29% of the Scan Steels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Scan Steels Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.7% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -0.5% | -0.4% | 9% | 7.2% | 6.8% | 14.7% | 17.7% | 8.9% | 7% | 7% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -0.4 | -0.5 | -0.5 | 0.1 | 0.3 | -0.4 | -0.5 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 353 | 378 | 507 | 695 | 668 | 732 | 1,000 | 1,091 | 965 | 789 | 864 |
| Sales YoY Gr. | - | 7% | 34.2% | 37.2% | -4% | 9.7% | 36.6% | 9.1% | -11.5% | -18.3% | - |
| Adj EPS ⓘ | -0.4 | -2.3 | -0.4 | 1.3 | 0.1 | 5.5 | 9.7 | 2.3 | 3.3 | 3.4 | 3.7 |
| YoY Gr. | - | NA | NA | NA | -95.3% | 9000% | 76.7% | -76% | 44% | 0.3% | - |
| BVPS (₹) ⓘ | 53.1 | 50.6 | 50.2 | 51.3 | 51.4 | 57.3 | 67 | 69.9 | 75.1 | 71.3 | 76.5 |
| Adj Net Profit ⓘ | -1.8 | -11.8 | -2 | 6.7 | 0.3 | 28.6 | 50.5 | 12.1 | 17.5 | 19.7 | 23 |
| Cash Flow from Ops. ⓘ | 70.3 | 3.2 | -69.5 | 4.1 | 30.3 | 35.3 | 48.8 | 53.3 | 78.3 | 7 | - |
| Debt/CF from Ops. ⓘ | 3.2 | 66.1 | -2.9 | 37.3 | 4.8 | 2.7 | 2.2 | 2.1 | 1.5 | 8.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.4% | 3.4% | -7.6% | -18.3% | ||||
| Adj EPS ⓘ | NA | 123.6% | -29.7% | 0.3% | ||||
| BVPSⓘ | 3.3% | 6.8% | 2.1% | -5.2% | ||||
| Share Price | 10% | 2.6% | 6.4% | 42.4% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.8 | -4.6 | -0.8 | 2.5 | 0.1 | 10 | 15.5 | 3.4 | 4.6 | 4.8 | 5.1 |
| Op. Profit Mgn % ⓘ | 2.3 | 4.3 | 11.5 | 6.2 | 6 | 9.4 | 8.6 | 4.5 | 5 | 5.8 | 6.2 |
| Net Profit Mgn % ⓘ | -0.5 | -3.1 | -0.4 | 1 | 0.1 | 3.9 | 5.1 | 1.1 | 1.8 | 2.5 | 2.6 |
| Debt to Equity ⓘ | 0.9 | 0.8 | 0.8 | 0.6 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 269 | 224 | 157 | 101 | 103 | 100 | 81 | 84 | 100 | 122 | 59 |
| Cash Conv. Cycle ⓘ | 124 | 58 | 66 | 66 | 68 | 66 | 55 | 58 | 72 | 85 | 25 |
Valuation of Scan Steels - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|
| Sales | 1,091 | 965 | 789 |
| Operating Expenses ⓘ + | 1,042 | 917 | 743 |
| Operating Profit ⓘ | 49 | 48 | 46 |
| Operating Profit Margin (%) | 4.5% | 5.0% | 5.8% |
| Other Income ⓘ + | 6 | 2 | 5 |
| Interest ⓘ | 20 | 10 | 9 |
| Depreciation ⓘ | 13 | 15 | 16 |
| Profit Before Tax ⓘ | 22 | 27 | 28 |
| Tax ⓘ | 7 | 6 | 6 |
| Profit After Tax | 15 | 21 | 22 |
| PAT Margin (%) | 1.4% | 2.2% | 2.7% |
| Adjusted EPS (₹) | 2.9 | 4.0 | 3.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 366 | 403 | 423 | ||||||||
| Debt + | 95 | 116 | 62 | ||||||||
| Minority Interest | 0 | 0 | 0 | ||||||||
| Trade Payables | 16 | 5 | 7 | ||||||||
| Others Liabilities ⓘ | 89 | 84 | 88 | ||||||||
| Total Liabilities ⓘ | 566 | 608 | 579 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 281 | 279 | 264 | ||||||||
| CWIP ⓘ | 2 | 1 | 20 | ||||||||
| Investments ⓘ | 13 | 29 | 26 | ||||||||
| Inventories | 159 | 176 | 168 | ||||||||
| Trade Receivables | 43 | 25 | 11 | ||||||||
| Cash Equivalents | 10 | 32 | 10 | ||||||||
| Others Assets ⓘ | 59 | 67 | 81 | ||||||||
| Total Assets ⓘ | 566 | 608 | 579 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 53 | 82 | 7 |
| Cash Flow From Investing Activity ⓘ + | -32 | -30 | -15 |
| Cash Flow From Financing Activity ⓘ + | -33 | -30 | -14 |
| Net Cash Flow ⓘ | -12 | 22 | -22 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.19 | 5.52 | 5.28 | |||||||
| ROCE (%) | 8.72 | 7.59 | 7.3 | |||||||
| Asset Turnover Ratio | 1.93 | 1.64 | 1.33 | |||||||
| PAT to CFO Conversion(x) | 3.53 | 3.9 | 0.32 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 14.30 | 12.80 | 8.30 | |||||||
| Inventory Days | 53.10 | 63.20 | 79.40 | |||||||
| Payable Days | 6.60 | 5.30 | 4 | |||||||
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Announcements
Scan Steels Ltd FAQs
The current trading price of Scan Steels on 24-Sep-2026 11:41 is ₹52.40.
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 23-Sep-2026 the market cap of Scan Steels stood at ₹309.8 Cr
The latest P/E ratio of Scan Steels as of 23-Sep-2026 is 13.64.
The latest P/B ratio of Scan Steels as of 23-Sep-2026 is 0.67.
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 Fair 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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