Scan Projects Ltd

AI

Scan Projects Ltd

₹ 134 5.00%
26 Aug 10:59 a.m.
About

Incorporated in 1992, Scan Projects Ltd is in the business of providing Engineering Services[1]

Key Points

Business Overview:[1]
SPL (formerly Ambala Cements Ltd) previously operated a Mini Cement Plant for manufacturing and selling cement. Currently, it procures orders for supplying cement machinery parts and their erection and commissioning of cement plants in India and abroad.

  • Market Cap 38.6 Cr.
  • Current Price 134
  • High / Low 141 / 72.0
  • Stock P/E 56.0
  • Book Value 20.0
  • Dividend Yield 0.00 %
  • ROCE 17.5 %
  • ROE 13.1 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 52.7 to 21.9 days.
  • Company's working capital requirements have reduced from 121 days to 77.2 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.2% over last 3 years.
  • Promoter holding has decreased over last 3 years: -23.6%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1.90 1.70 1.33 3.07 2.23 3.41 3.26 3.04 2.71 4.26 4.70 4.01 2.16
1.87 1.57 1.23 2.37 2.20 3.38 3.21 2.84 2.56 4.08 4.39 4.02 2.07
Operating Profit 0.03 0.13 0.10 0.70 0.03 0.03 0.05 0.20 0.15 0.18 0.31 -0.01 0.09
OPM % 1.58% 7.65% 7.52% 22.80% 1.35% 0.88% 1.53% 6.58% 5.54% 4.23% 6.60% -0.25% 4.17%
0.00 -0.86 0.02 0.02 0.00 0.03 0.14 0.36 0.06 0.09 0.09 0.16 0.09
Interest 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.00
Depreciation 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01
Profit before tax 0.02 -0.74 0.10 0.70 0.02 0.04 0.18 0.55 0.20 0.25 0.39 0.12 0.17
Tax % 50.00% 6.76% 30.00% -7.14% 0.00% 25.00% 11.11% 30.91% 25.00% 36.00% 25.64% 8.33% 29.41%
0.01 -0.78 0.08 0.75 0.01 0.03 0.15 0.38 0.15 0.16 0.29 0.11 0.13
EPS in Rs 0.03 -2.71 0.28 2.61 0.03 0.10 0.52 1.32 0.52 0.56 1.01 0.38 0.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
5.82 6.78 3.15 3.90 4.09 3.16 3.04 5.83 5.85 7.98 11.94 15.69 15.13
5.30 6.21 2.77 3.53 3.77 2.94 2.80 5.36 5.62 6.99 11.63 15.06 14.56
Operating Profit 0.52 0.57 0.38 0.37 0.32 0.22 0.24 0.47 0.23 0.99 0.31 0.63 0.57
OPM % 8.93% 8.41% 12.06% 9.49% 7.82% 6.96% 7.89% 8.06% 3.93% 12.41% 2.60% 4.02% 3.77%
0.12 0.14 0.03 0.01 0.00 0.00 0.04 0.00 0.00 -0.84 0.53 0.39 0.43
Interest 0.10 0.13 0.16 0.11 0.11 0.11 0.14 0.04 0.06 0.02 0.02 0.01 0.02
Depreciation 0.11 0.08 0.07 0.05 0.04 0.08 0.06 0.05 0.04 0.04 0.05 0.05 0.05
Profit before tax 0.43 0.50 0.18 0.22 0.17 0.03 0.08 0.38 0.13 0.09 0.77 0.96 0.93
Tax % 32.56% 32.00% 33.33% 36.36% 23.53% 33.33% 50.00% 26.32% 30.77% 44.44% 25.97% 26.04%
0.30 0.34 0.12 0.13 0.13 0.02 0.03 0.28 0.08 0.06 0.57 0.71 0.69
EPS in Rs 1.04 1.18 0.42 0.45 0.45 0.07 0.10 0.97 0.28 0.21 1.98 2.47 2.40
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 39%
3 Years: 39%
TTM: 22%
Compounded Profit Growth
10 Years: 8%
5 Years: 88%
3 Years: 107%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 153%
1 Year: 54%
Return on Equity
10 Years: 5%
5 Years: 9%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 2.87 2.87
Reserves -0.20 0.13 0.08 0.20 0.34 0.36 0.40 0.63 0.78 0.84 2.56 2.87
1.17 2.14 0.99 0.94 0.39 0.90 0.76 0.94 0.08 0.12 0.10 0.77
2.25 1.84 1.40 1.68 1.72 1.23 1.16 1.63 0.84 1.20 1.30 2.49
Total Liabilities 7.22 8.11 6.47 6.82 6.45 6.49 6.32 7.20 5.70 6.16 6.83 9.00
0.58 0.52 0.46 0.39 0.60 0.52 0.45 0.40 0.36 0.43 0.29 0.28
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.01 0.05 0.06 0.10 0.10 0.10 0.10 0.09 0.10 0.10
6.64 7.59 6.00 6.38 5.79 5.87 5.77 6.70 5.24 5.64 6.44 8.62
Total Assets 7.22 8.11 6.47 6.82 6.45 6.49 6.32 7.20 5.70 6.16 6.83 9.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0.45 -0.83 -0.22 0.37 0.95 -0.54 -0.05 -0.24 0.99 0.38 3.03
0.03 0.07 1.35 -0.02 -0.26 -0.05 0.26 0.06 0.00 0.11 -2.28
0.29 0.97 -1.30 -0.16 -0.65 0.41 -0.24 0.14 -0.92 -0.08 -0.03
Net Cash Flow -0.14 0.21 -0.17 0.18 0.04 -0.18 -0.03 -0.04 0.07 0.41 0.71
Free Cash Flow -0.43 -0.86 -0.22 0.39 0.70 -0.54 0.06 -0.21 0.99 0.36 3.09
CFO/OP -54% -119% -34% 116% 322% -218% -4% -34% 491% 46% 1,042%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 113.51 117.36 260.71 271.41 213.29 286.46 307.37 231.02 147.25 107.49 28.74
Inventory Days 168.46 62.05 27.20 42.37 23.68 12.20 11.09 58.54 17.33
Days Payable 526.44 284.70 283.39 211.83 126.27 81.34 23.10 44.08 39.91
Cash Conversion Cycle 113.51 -240.62 260.71 48.76 -42.89 116.99 204.77 161.88 135.24 121.95 6.15
Working Capital Days 93.45 99.59 378.90 305.10 281.11 389.26 465.86 261.70 267.04 183.87 101.49
ROCE % 11.28% 11.21% 6.00% 6.27% 5.67% 2.80% 4.22% 7.83% 3.64% 20.16% 13.35%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
India Revenue Share
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Number of Permanent Employees on Rolls
count
Revenue per Employee
Rs. Lacs
Service Segment Revenue Share
%
Related Party Revenue Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
68.59% 68.59% 68.59% 68.59% 64.68% 64.04% 64.04% 54.75% 44.95% 44.95% 44.95% 44.95%
31.41% 31.41% 31.41% 31.41% 35.32% 35.95% 35.96% 45.24% 55.04% 55.04% 55.04% 55.04%
No. of Shareholders 232259320323430573659688717695673662

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