Scan Steels Ltd

₹ 51.0 -1.55%

13 Nov - close price

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 NSE

Market Cap ₹ 310 Cr.
Current Price ₹ 51.0
High / Low ₹ 68.8 / 24.4
Stock P/E 7.84
Book Value ₹ 78.5
Dividend Yield 0.00 %
ROCE 7.41 %
ROE 4.95 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.65 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 4.91% 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

Commodities Metals & Mining Ferrous Metals Iron & Steel

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	262	219	257	234	140	175	241	232	133	192	282	258	170
YoY Sales growth			-6%	+3%	-47%	-20%	-6%	-1%	-5%	+10%	+17%	+11%	+28%
	251	211	241	209	138	165	232	213	127	181	268	234	157
Operating Profit	11	9	16	24	2	10	9	19	6	10	14	23	14
OPM %	4.1%	3.9%	6%	10%	1.7%	6%	3.7%	8%	4.3%	5%	4.9%	9%	8%
	0	0	5	2	2	0	1	1	0	-0	2	0	12
Interest	2	3	2	2	2	2	2	2	2	2	2	2	2
Depreciation	4	4	4	4	4	4	4	4	4	4	4	4	4
Profit before tax	5	2	14	20	-1	4	4	14	-0	4	9	17	19
Tax %	32%	28%	21%	26%	-41%	30%	19%	24%	-31%	25%	26%	25%	25%
	3	2	11	15	-1	3	5	10	0	3	8	13	15
EPS in Rs	0.64	0.30	2.18	2.79	-0.16	0.54	0.81	1.79	0.03	0.59	1.34	2.18	2.46
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,091	965	789	838	902
Sales growth		-11%	-18%	+6%	+15%
	1,042	917	743	789	840
Operating Profit	49	48	46	50	61
OPM %	4.5%	5.0%	6%	6%	7%
	6	5	7	4	14
Interest	20	10	9	9	9
Depreciation	13	15	16	16	16
Profit before tax	22	27	28	29	50
Tax %	30%	23%	23%	23%
	15	21	22	22	40
EPS in Rs	2.93	4.02	3.69	3.76	6.57
Dividend Payout %	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	-8%
TTM:	15%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	21%
TTM:	112%

Stock Price CAGR
10 Years:	7%
5 Years:	7%
3 Years:	-6%
1 Year:	36%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	5%
Last Year:	5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	52	52	59	59	61
Reserves	314	344	364	388	416
	112	125	62	74	109
	87	86	94	89	88
Total Liabilities	566	608	579	609	673
	281	279	264	251	248
CWIP	2	1	20	41	56
Investments	13	29	26	45	48
	269	299	269	271	321
Total Assets	566	608	579	609	673

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	53	82	7	37
	-32	-30	-15	-38
	-33	-30	-14	-5
Net Cash Flow	-12	22	-22	-5
Free Cash Flow	26	69	-12	13
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	119%	183%	27%	90%

Ratios

Consolidated / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	14	9	5	9
Inventory Days	67	88	111	103
Days Payable	7	3	4	3
Cash Conversion Cycle	74	95	112	108
Working Capital Days	33	23	43	42
ROCE %		7%	7%	7%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

MS Billet / Ingot Sales Volume
MT ・Standalone data

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xx,xxx	xx,xxx	xx,xxx	xx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx
	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
	xxx,xxx								xxx,xxx	xxx,xxx

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MS Billet Production Volume
MT ・Standalone data

Sponge Iron Production Volume
MT ・Standalone data

TMT / Rolled Products Production Volume
MT ・Standalone data

TMT Rebar Sales Volume
MT ・Standalone data

Number of Permanent Employees
count ・Standalone data

Installed TMT / Rolling Mill Capacity
MT/year ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	48.11%	48.11%	48.11%	48.11%	48.76%	48.76%	48.76%	48.76%	48.76%	48.89%	49.29%	49.70%
	0.00%	0.00%	0.00%	0.00%	2.05%	2.05%	2.05%	2.05%	2.05%	2.05%	1.98%	1.98%
	51.90%	51.89%	51.89%	51.90%	49.20%	49.19%	49.19%	49.20%	49.20%	49.06%	48.73%	48.32%
No. of Shareholders	8,552	8,541	8,496	11,672	11,928	12,022	11,964	11,868	11,717	11,612	11,578	11,659

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	48.85%	48.10%	48.10%	48.10%	48.11%	48.11%	48.11%	48.11%	48.76%	48.89%	49.70%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.05%	2.05%	1.98%
	0.00%	0.00%	0.00%	0.57%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	51.15%	51.90%	51.90%	51.33%	51.32%	51.89%	51.89%	51.89%	49.19%	49.06%	48.32%
No. of Shareholders	2,679	2,671	3,193	3,178	3,076	11,653	10,817	8,541	12,022	11,612	11,659

* 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.

Scan Steels Ltd

Scan Steels Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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