Scan Steels Ltd

Scan Steels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Scan Steels Ltd

₹ 68.5 1.66%
18 Apr 10:27 a.m.
scansteels.com BSE: 511672
About

Incorporated in 1990, Scan Steels Ltd manufactures steel products and generates power for captive consumption[1]

Key Points

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

Website BSE
  • Market Cap ₹ 359 Cr.
  • Current Price ₹ 68.5
  • High / Low ₹ 94.9 / 30.0
  • Stock P/E 30.0
  • Book Value ₹ 71.6
  • Dividend Yield 0.00 %
  • ROCE 7.95 %
  • ROE 3.36 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.94 times its book value
  • Company has delivered good profit growth of 52.2% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.43% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
203.45 240.59 238.27 160.96 259.83 341.12 306.60 210.50 298.96 274.72 227.15 261.81 219.48
185.03 207.59 204.68 154.34 252.60 303.11 272.65 215.89 294.78 258.86 215.12 251.13 210.84
Operating Profit 18.42 33.00 33.59 6.62 7.23 38.01 33.95 -5.39 4.18 15.86 12.03 10.68 8.64
OPM % 9.05% 13.72% 14.10% 4.11% 2.78% 11.14% 11.07% -2.56% 1.40% 5.77% 5.30% 4.08% 3.94%
0.04 3.17 0.91 1.06 0.10 0.08 0.61 0.05 3.09 2.24 0.65 0.06 0.09
Interest 2.91 1.97 2.12 2.40 2.31 2.11 3.65 2.18 2.66 10.82 2.86 1.99 2.69
Depreciation 3.11 4.70 3.18 3.18 3.19 3.26 3.28 3.28 3.21 3.52 3.84 3.85 3.85
Profit before tax 12.44 29.50 29.20 2.10 1.83 32.72 27.63 -10.80 1.40 3.76 5.98 4.90 2.19
Tax % 46.38% 19.76% 25.34% 7.14% -20.77% 24.17% 25.66% 20.28% 26.43% 37.50% 21.24% 31.84% 27.85%
6.67 23.66 21.80 1.94 2.22 24.81 20.55 -8.61 1.03 2.35 4.71 3.34 1.57
EPS in Rs 1.27 4.52 4.16 0.37 0.42 4.74 3.93 -1.64 0.20 0.45 0.90 0.64 0.30
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
74 472 467 448 387 381 509 695 668 732 1,000 1,091 983
76 475 434 396 379 364 451 652 627 663 914 1,042 936
Operating Profit -2 -3 32 51 8 16 58 43 40 69 86 49 47
OPM % -3% -1% 7% 11% 2% 4% 11% 6% 6% 9% 9% 4% 5%
0 1 1 2 2 2 1 1 1 4 2 6 3
Interest 2 35 34 36 31 13 36 15 15 11 10 20 18
Depreciation 0 16 17 12 12 20 17 13 13 14 13 13 15
Profit before tax -4 -52 -18 5 -33 -15 5 17 13 48 66 22 17
Tax % 0% -4% -5% 50% 94% 21% 136% 61% 98% 36% 23% 30%
-4 -54 -19 3 -2 -12 -2 7 0 31 51 15 12
EPS in Rs -2.16 -30.54 -5.08 0.71 -0.37 -2.29 -0.38 1.27 0.06 5.87 9.70 2.93 2.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 16%
3 Years: 18%
TTM: -15%
Compounded Profit Growth
10 Years: 8%
5 Years: 52%
3 Years: 235%
TTM: -68%
Stock Price CAGR
10 Years: 4%
5 Years: 11%
3 Years: 30%
1 Year: 119%
Return on Equity
10 Years: 2%
5 Years: 7%
3 Years: 9%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 18 38 38 38 49 52 52 52 52 52 52 52 52
Reserves -8 196 187 154 210 210 211 216 217 248 298 314 323
Preference Capital 0 0 0 0 0 0 16 17 18 18 18 18
5 242 218 252 224 212 182 136 126 78 88 94 108
7 160 145 152 116 90 99 65 82 96 100 105 98
Total Liabilities 22 636 587 597 598 563 544 470 478 474 539 566 581
0 275 256 264 295 284 293 284 272 269 260 281 275
CWIP 0 2 29 29 0 9 0 1 2 0 5 2 6
Investments 0 0 0 0 2 2 1 1 1 0 8 13 23
22 360 302 304 302 268 250 185 203 204 266 269 278
Total Assets 22 636 587 597 598 563 544 470 478 474 539 566 581

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4 40 63 70 70 3 -69 4 30 35 49 53
0 -22 -25 -25 -93 3 57 0 -7 -0 -26 -32
4 -26 -41 -46 28 1 26 -27 -24 -34 -4 -33
Net Cash Flow -0 -8 -3 -1 5 7 13 -23 -1 1 19 -12

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 2 63 76 71 50 52 43 17 17 14 20 14
Inventory Days 46 202 170 174 126 90 107 73 98 93 60 67
Days Payable 33 98 92 113 75 77 33 10 22 11 8 7
Cash Conversion Cycle 15 167 154 131 100 65 117 80 92 96 72 74
Working Capital Days 18 131 107 101 39 34 66 51 57 61 59 57
ROCE % -15% -7% 3% 9% -0% -0% 9% 7% 7% 14% 18% 8%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.11% 48.11% 48.11% 48.11% 48.11% 48.11% 48.11% 48.11% 48.11% 48.11% 48.11% 48.11%
0.57% 0.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
51.32% 51.32% 51.89% 51.89% 51.89% 51.89% 51.90% 51.89% 51.89% 51.91% 51.90% 51.89%
No. of Shareholders 5,0019,91810,04111,65311,57511,35311,11010,81710,1539,3398,5528,552

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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