Scan Steels Ltd
Incorporated in 1990, Scan Steels Ltd manufactures steel products and generates power for captive consumption[1]
- Market Cap ₹ 190 Cr.
- Current Price ₹ 32.4
- High / Low ₹ 48.5 / 28.0
- Stock P/E 11.6
- Book Value ₹ 73.0
- Dividend Yield 0.00 %
- ROCE 6.39 %
- ROE 4.32 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.44 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.40% over past five years.
- Company has a low return on equity of 4.10% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 467 | 448 | 387 | 381 | 509 | 695 | 668 | 732 | 1,000 | 1,091 | 965 | 789 | 798 | |
| 434 | 396 | 379 | 364 | 451 | 652 | 627 | 663 | 914 | 1,042 | 917 | 743 | 753 | |
| Operating Profit | 32 | 51 | 8 | 16 | 58 | 43 | 40 | 69 | 86 | 49 | 48 | 46 | 44 |
| OPM % | 7% | 11% | 2% | 4% | 11% | 6% | 6% | 9% | 9% | 4% | 5% | 6% | 6% |
| 1 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 2 | 6 | 2 | 4 | 1 | |
| Interest | 34 | 36 | 31 | 13 | 36 | 15 | 15 | 11 | 10 | 20 | 10 | 9 | 8 |
| Depreciation | 17 | 12 | 12 | 20 | 17 | 13 | 13 | 14 | 13 | 13 | 15 | 16 | 16 |
| Profit before tax | -18 | 5 | -33 | -15 | 5 | 17 | 13 | 48 | 66 | 22 | 24 | 26 | 22 |
| Tax % | 5% | 50% | -94% | -21% | 136% | 61% | 98% | 36% | 23% | 30% | 27% | 25% | |
| -19 | 3 | -2 | -12 | -2 | 7 | 0 | 31 | 51 | 15 | 18 | 20 | 16 | |
| EPS in Rs | -5.08 | 0.71 | -0.37 | -2.29 | -0.38 | 1.27 | 0.06 | 5.87 | 9.70 | 2.93 | 3.39 | 3.35 | 2.81 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 3% |
| 3 Years: | -8% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 123% |
| 3 Years: | -30% |
| TTM: | -32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 10% |
| 3 Years: | -2% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 7% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 49 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 59 | 59 |
| Reserves | 187 | 154 | 210 | 210 | 211 | 216 | 217 | 248 | 298 | 314 | 341 | 359 | 369 |
| 218 | 252 | 224 | 212 | 198 | 153 | 144 | 96 | 106 | 112 | 125 | 62 | 102 | |
| 145 | 152 | 116 | 90 | 83 | 48 | 64 | 78 | 82 | 87 | 86 | 94 | 72 | |
| Total Liabilities | 587 | 597 | 598 | 563 | 544 | 470 | 478 | 474 | 539 | 566 | 605 | 574 | 601 |
| 256 | 264 | 295 | 284 | 293 | 284 | 272 | 269 | 260 | 281 | 279 | 264 | 259 | |
| CWIP | 29 | 29 | -0 | 9 | -0 | 1 | 2 | 0 | 5 | 2 | 1 | 20 | 36 |
| Investments | -0 | -0 | 2 | 2 | 1 | 1 | 1 | 0 | 8 | 13 | 26 | 21 | 21 |
| 302 | 304 | 302 | 268 | 250 | 185 | 203 | 204 | 266 | 269 | 299 | 269 | 285 | |
| Total Assets | 587 | 597 | 598 | 563 | 544 | 470 | 478 | 474 | 539 | 566 | 605 | 574 | 601 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 63 | 70 | 70 | 3 | -69 | 4 | 30 | 35 | 49 | 53 | 78 | 7 | |
| -25 | -25 | -93 | 3 | 57 | -0 | -7 | -0 | -26 | -32 | -26 | -15 | |
| -41 | -46 | 28 | 1 | 26 | -27 | -24 | -34 | -4 | -33 | -30 | -14 | |
| Net Cash Flow | -3 | -1 | 5 | 7 | 13 | -23 | -1 | 1 | 19 | -12 | 22 | -22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 71 | 50 | 52 | 43 | 17 | 17 | 14 | 20 | 14 | 9 | 5 |
| Inventory Days | 170 | 174 | 126 | 90 | 107 | 73 | 98 | 93 | 60 | 67 | 88 | 111 |
| Days Payable | 92 | 113 | 75 | 77 | 33 | 10 | 22 | 11 | 8 | 7 | 3 | 4 |
| Cash Conversion Cycle | 154 | 131 | 100 | 65 | 117 | 80 | 92 | 96 | 72 | 74 | 95 | 112 |
| Working Capital Days | -13 | -30 | -120 | -117 | -1 | 17 | 23 | 37 | 39 | 33 | 23 | 43 |
| ROCE % | 3% | 9% | -0% | -0% | 9% | 7% | 7% | 14% | 18% | 8% | 7% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Feb - Newspaper publication of Un-audited Financial Results of the Company for the Third Quarter (Q3) and Nine Months Ended on December 31, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Feb - Q3/9MFY26 results; Rs60 crore infusion for Bindals acquisition by Mar 31,2026; 30MW power, 72,000 TPA pipe mill.
-
Acquisition Of Equity Shares Of BINDALS SPONNGE INDUSTRIES LIMITED Under NCLT Resolution Plan.
5 Feb - Board approved Q3 results; to jointly acquire Bindals Sponge under NCLT, infusing ~Rs60 crore by Mar 31, 2026.
-
Announcement under Regulation 30 (LODR)-Acquisition
5 Feb - Approved Q3/9M results; to acquire Bindals Sponge via NCLT; Scan to contribute Rs20 crore; Rs60 crore deposit by Mar 31,2026.
-
Outcome Of Board Meeting - Un-Audited Financial Results Of The Company For The Third Quarter (Q3) And Nine Months Ended On December 31, 2025 & Acquisition Of Equity Shares Of BINDALS SPONNGE INDUSTRIES LIMITED Under NCLT Resolution Plan.
5 Feb - Approved Q3/9M results; to acquire Bindals Sponge under NCLT, ~INR60 crore payable by 31 Mar 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
SSL is an ISO 9001:2008, ISO:14001, OHSAS: 18001 & ISI:1786 Certified integrated manufacturer of Iron & Steel products like MS Billets & TMT rods through secondary steel manufacturing