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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

₹34.89 -1.58 (-4.33%)

As on 10-Jun'26 16:59

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

₹34.89 -1.58 (-4.33%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹222 Cr.
Current Price
₹34.9
52-Week Low / High
₹24 / 49
TTM EPS
₹3.3
TTM Sales
₹838 Cr.
Book Value per Share
₹72.6
P/E Ratio
11.19
Higher than its 5-year historical median
Industry PE
25
Price to Book (P/B)
0.50
Lower than its 5-year historical median
Price to Sales (P/S)
0.26
In line with its 5-year historical median
EV/EBITDA
5.69
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
4.84%
Underperforms industry median
Return on Capital Employed (ROCE)
6.95%
Underperforms industry median
Return on Assets (ROA)
3.33%
Operating Profit Margin
5.8%
Net Profit Margin
2.48%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-18.25%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-4.65%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
10.6%
Asset Quality
Promoter Holding
48.89%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹381 Cr.
Equity
₹60.8 Cr.
Face Value
₹10
All Time Low / High
₹1.50 / 260.00

Scan Steels stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Scan Steels Ltd a good quality company?
Scan Steels Ltd is a average quality company, based on a somewhat consistent 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?
Q.1 Revenue growth of Scan Steels Ltd vs industry peers?
Scan Steels Ltd revenue CAGR is 3.40%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Scan Steels Ltd?
Promoters hold 48.89% 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 9.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -0.5%-0.4%9%7.2%6.8%14.7%17.7%8.9%7%7%-
Value Creation
Index
-1.0-1.0-0.4-0.5-0.50.10.3-0.4-0.5-0.5-

Growth Parameters

Sales 3533785076956687321,0001,091965789838
Sales YoY Gr.-7%34.2%37.2%-4%9.7%36.6%9.1%-11.5%-18.3%-
Adj EPS -0.4-2.3-0.41.30.15.59.72.33.33.43.3
YoY Gr.-NANANA-95.3%9000%76.7%-76%44%0.3%-
BVPS (₹) 53.150.650.251.351.457.36769.975.171.372.6
Adj Net
Profit
-1.8-11.8-26.70.328.650.512.117.519.720
Cash Flow from Ops. 70.33.2-69.54.130.335.348.853.378.37-
Debt/CF from Ops. 3.266.1-2.937.34.82.72.22.11.58.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.4%3.4%-7.6%-18.3%
Adj EPS NA123.6%-29.7%0.3%
BVPS3.3%6.8%2.1%-5.2%
Share Price 7.9% 4.8% -1.5% -5.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-0.8-4.6-0.82.50.11015.53.44.64.84.5
Op. Profit
Mgn %
2.34.311.56.269.48.64.555.85.9
Net Profit
Mgn %
-0.5-3.1-0.410.13.95.11.11.82.52.4
Debt to
Equity
0.90.80.80.60.50.30.30.30.30.20
Working Cap
Days
269224157101103100818410012259
Cash Conv.
Cycle
12458666668665558728525

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3533785076956687321,0001,091965789
Operating Expenses + 3453614496526276639141,042917743
Manufacturing Costs546879107122122122131144141
Material Costs277278350513470508754867730551
Employee Cost 11121420262627303137
Other Costs 3461210710121214
Operating Profit 8165843406986494846
Operating Profit Margin (%) 2.3%4.3%11.5%6.2%6.0%9.4%8.6%4.5%5.0%5.8%
Other Income + 2211142625
Exceptional Items -0000000000
Interest 3113361515111020109
Depreciation 12201713131413131516
Profit Before Tax -33-15517134866222426
Tax -31-3710131815766
Profit After Tax -2-12-2703151151820
PAT Margin (%) -0.5%-3.1%-0.4%1.0%0.1%4.2%5.1%1.4%1.8%2.5%
Adjusted EPS (₹)-0.4-2.3-0.41.30.15.99.72.93.43.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Scan Steels - Standalone

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

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 259261263269269300351366400418
Share Capital 49525252525252525959
Reserves 210210211216217248298314341359
Debt +20519518714513484949511662
Long Term Debt373794817249544060
Short Term Debt16915893646235415511162
Minority Interest0000000000
Trade Payables575932142915171657
Others Liabilities 60284835467576898488
Total Liabilities 582543530463478474539566605574

Fixed Assets

Net Fixed Assets +295284293284272269260281279264
Gross Block419420441444445451455489502501
Accumulated Depreciation124136148160173183195208222237
CWIP 09012052120
Investments 2211108132621
Inventories9569103103126129124159176168
Trade Receivables53546033302855432511
Cash Equivalents 6132632322103210
Others Assets 1311124739454465596781
Total Assets 582543530463478474539566605574

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 703-69430354953787
PBT -33-15517134866222426
Adjustment 43285026272020272320
Changes in Working Capital 61-10-124-35-10-34-321037-33
Tax Paid 0-0-1-4-0-0-5-5-6-5
Cash Flow From Investing Activity + -93357-0-7-0-26-32-26-15
Capex -14-10-12-4-2-4-8-27-12-19
Net Investments 000003-7-5-106
Others -7913694-51-111-4-2
Cash Flow From Financing Activity + 28126-27-24-34-4-33-30-14
Net Proceeds from Shares 9414400000140
Net Proceeds from Borrowing 000-13-9-235-14-34-6
Interest Paid -30-13-36-14-15-11-9-19-10-8
Dividend Paid 0000000000
Others -36-0580-0000-0-0
Net Cash Flow 5713-23-1119-1222-22

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-0.87-4.54-0.752.50.1210.815.64.274.674.84
ROCE (%)-0.47-0.368.987.26.8114.717.698.926.956.95
Asset Turnover Ratio0.660.740.971.41.421.541.981.981.651.34
PAT to CFO Conversion(x)N/AN/AN/A0.57N/A1.130.963.534.330.35
Working Capital Days
Receivable Days65.6046.6040.3024.5017.3014.6015.2016.4012.808.30
Inventory Days116.4071.8060.6054.1062.5063.5046.2047.3063.2079.40
Payable Days79.2076.2047.4016.4016.7015.707.8075.304

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Scan Steels Ltd FAQs

The current trading price of Scan Steels on 10-Jun-2026 16:59 is ₹34.89.

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 09-Jun-2026 the market cap of Scan Steels stood at ₹221.5 Cr

The latest P/E ratio of Scan Steels as of 09-Jun-2026 is 11.19.

The latest P/B ratio of Scan Steels as of 09-Jun-2026 is 0.50.

The 52-week high of Scan Steels is ₹48.50 and the 52-week low is ₹24.40.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Scan Steels is ₹838 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Scan Steels Ltd is a 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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