Scan Steels Ltd

About

Scan Steels, the flagship company of the Scan group, was incorporated in 1990. It is promoted by Mr. Rajesh Gadodia and Mr. Nimish Gadodia. It is engaged in the manufacturing of steel products, sponge iron, and power generation for captive consumption[1]

Key Points

Product
It manufactures TMT Rod(under the brand name of SHRISHTII TMT), Sponge Iron, MS Billets/ Ingots, and generates power for captive consumption.[1]

See full details
  • Market Cap 254 Cr.
  • Current Price 48.6
  • High / Low 70.2 / 16.8
  • Stock P/E 4.86
  • Book Value 60.8
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 9.51 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.80 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 79.32% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.11% for last 3 years.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
161 168 177 181 161 173 151 153 135 203 241 238
145 160 172 174 153 165 136 146 125 185 208 205
Operating Profit 15 8 5 8 8 8 15 7 11 18 33 34
OPM % 10% 5% 3% 4% 5% 5% 10% 4% 8% 9% 14% 14%
Other Income 0 0 0 1 0 0 0 1 0 0 3 1
Interest 1 4 4 4 4 4 4 3 3 3 2 2
Depreciation 3 3 3 3 3 3 3 3 3 3 5 3
Profit before tax 12 1 -2 2 1 2 8 2 5 12 30 29
Tax % 39% 47% -221% 77% -170% -27% 169% 89% 95% 46% 20% 25%
Net Profit 7 1 -7 0 4 2 -6 0 0 7 24 22
EPS in Rs 1.34 0.14 -1.39 0.09 0.71 0.36 -1.10 0.03 0.04 1.27 4.52 4.16

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
16 46 74 472 467 448 387 381 509 695 668 732 818
12 49 76 475 434 396 379 364 451 652 627 663 722
Operating Profit 4 -3 -2 -3 32 51 8 16 58 43 40 69 96
OPM % 26% -6% -3% -1% 7% 11% 2% 4% 11% 6% 6% 9% 12%
Other Income 0 1 0 1 1 2 2 2 1 1 1 4 4
Interest 0 1 2 35 34 36 31 13 36 15 15 11 10
Depreciation 0 0 0 16 17 12 12 20 17 13 13 14 14
Profit before tax 4 -3 -4 -52 -18 5 -33 -15 5 17 13 48 76
Tax % 18% 0% 0% -4% -5% 50% 94% 21% 136% 61% 98% 36%
Net Profit 3 -3 -4 -54 -19 3 -2 -12 -2 7 0 31 52
EPS in Rs 1.88 -1.53 -2.16 -30.54 -5.08 0.71 -0.37 -2.29 -0.38 1.27 0.06 5.87 9.99
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:32%
5 Years:14%
3 Years:13%
TTM:28%
Compounded Profit Growth
10 Years:29%
5 Years:79%
3 Years:156%
TTM:104600%
Stock Price CAGR
10 Years:0%
5 Years:20%
3 Years:10%
1 Year:148%
Return on Equity
10 Years:-3%
5 Years:2%
3 Years:4%
Last Year:10%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
18 18 18 38 38 38 49 52 68 69 70 70
Reserves -2 -5 -8 139 120 122 210 210 211 216 217 248
Borrowings 5 0 5 242 218 252 224 212 182 136 126 78
2 21 7 217 212 185 116 90 99 65 82 96
Total Liabilities 22 34 22 636 587 597 598 563 544 470 478 474
0 0 0 275 256 264 295 284 293 284 272 269
CWIP 0 0 0 2 29 29 0 9 0 1 2 0
Investments 0 0 0 0 0 0 2 2 1 1 1 0
22 34 22 360 302 304 302 268 250 185 203 204
Total Assets 22 34 22 636 587 597 598 563 544 470 478 474

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-18 6 -4 40 63 70 70 3 -69 4 30 35
0 0 0 -22 -25 -25 -93 3 57 0 -7 -0
17 -5 4 -26 -41 -46 28 1 26 -27 -24 -34
Net Cash Flow -1 1 -0 -8 -3 -1 5 7 13 -23 -1 1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 0 0 2 63 76 71 50 52 43 17 17 14
Inventory Days 477 167 46 202 170 174 126 90 107 73 98 93
Days Payable 4 155 33 98 92 72 75 77 33 10 22 10
Cash Conversion Cycle 473 12 15 167 154 172 100 65 117 80 92 97
Working Capital Days 473 12 18 145 118 116 56 50 74 55 63 61
ROCE % 40% -13% -15% -8% 4% 10% -0% -0% 9% 7% 7% 14%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
48.10 48.10 48.10 48.10 48.10 48.10 48.10 48.10 48.10 48.11 48.11 48.11
0.00 0.00 0.00 0.00 0.00 0.57 0.57 0.57 0.57 0.57 0.57 0.57
51.90 51.90 51.90 51.90 51.90 51.32 51.33 51.33 51.33 51.32 51.32 51.32

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