Scan Steels Ltd.

•

₹ 63.05-1.73%

2026-08-21

scansteels.comBSE: 511672NSE: SCANSTL

Market Cap₹ 389 Cr.

Current Price₹ 64

High / Low₹ 69 / 32

Stock P/E15.7

Book Value₹ 76

Price to Book0.47

Dividend Yield0.00 %

ROCE7.3 %

ROE5.3 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2013 • Financial: 97.5% • Realties: 2.5%

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.45x)
Latest quarter profit grew 26.2% YoY, showing strong momentum
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company has a low return on equity of 5.0% over last 3 years
Company has a low return on capital employed of 7.9%
Recent results are weak - TTM profit is down 13.1% versus prior year
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JSWSTEEL	1281.30	12.64	313336.02	0.55	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	184.00	20.82	229695.59	2.17	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	172.50	16.68	71251.56	1.36	1644.05	120.80	26245.67	1.25	6.39	15.92
4.	JSL	723.75	18.37	59667.37	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
5.	APLAPOLLO	2115.90	47.80	58749.74	0.40	263.11	10.94	5606.71	12.07	22.90	7.34
6.	WELCORP	1974.70	22.56	52090.74	0.25	1047.88	200.11	4081.12	14.91	23.94	32.17
7.	SHYAMMETL	988.70	24.57	27597.77	0.46	350.73	20.66	5455.09	23.45	13.88	14.03
8.	SARDAEN	512.45	15.98	18057.78	0.39	478.13	9.50	1608.04	-1.07	15.84	41.59
9.	JINDALSAW	268.95	26.32	17199.57	0.74	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	GPIL	246.30	20.55	16578.39	0.41	222.37	2.75	1750.47	32.29	23.51	19.36
11.	RATNAMANI	2295.95	37.17	16092.77	0.44	107.03	-15.82	971.63	-15.63	18.01	16.69
12.	SCANSTL	63.97	15.69	388.60	0.00	13.25	26.21	257.79	11.12	7.30	9.20

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	227	262	219	257	234	140	175	241	232	133	192	282	258
	215	251	211	241	209	138	165	232	213	127	181	268	241
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1	0	0	1	2	1	0	1	0	0	-0	2	0
Interest	3	2	3	2	2	2	2	2	2	2	2	2	2
Depreciation	4	4	4	4	4	4	4	4	4	4	4	4	4
	6	5	2	11	20	-2	4	4	13	-0	4	9	18
Tax %	21.24%	31.84%	27.98%	26.94%	25.69%	30.26%	30.10%	19.00%	25.24%	30.56%	25.30%	25.67%	24.75%
Net Profit	0	0	0	0	15	-1	3	5	10	2	3	8	13
	1	1	0	2	3	-0	1	1	2	0	1	1	0
Equity Capital	52	52	52	52	52	52	59	59	59	59	59	59	61
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	52	52	52	52	52	52	59	59	59	59	59	59	61
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 227
: 215
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 4
: 6
Tax %: 21.24%
Net Profit: 0
: 1
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 262
: 251
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 4
: 5
Tax %: 31.84%
Net Profit: 0
: 1
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 219
: 211
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 4
: 2
Tax %: 27.98%
Net Profit: 0
: 0
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 257
: 241
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 4
: 11
Tax %: 26.94%
Net Profit: 0
: 2
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 234
: 209
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 4
: 20
Tax %: 25.69%
Net Profit: 15
: 3
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 140
: 138
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 4
: -2
Tax %: 30.26%
Net Profit: -1
: -0
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 52
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 175
: 165
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 4
: 4
Tax %: 30.10%
Net Profit: 3
: 1
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 241
: 232
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 4
: 4
Tax %: 19.00%
Net Profit: 5
: 1
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 232
: 213
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 4
: 13
Tax %: 25.24%
Net Profit: 10
: 2
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 133
: 127
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 4
: -0
Tax %: 30.56%
Net Profit: 2
: 0
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 192
: 181
Operating Profit: —
OPM %: —
Other Income: -0
Interest: 2
Depreciation: 4
: 4
Tax %: 25.30%
Net Profit: 3
: 1
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 282
: 268
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 4
: 9
Tax %: 25.67%
Net Profit: 8
: 1
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 59
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 258
: 241
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 4
: 18
Tax %: 24.75%
Net Profit: 13
: 0
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	1,091	965	789	864
	1,042	917	743	817
Operating Profit	55	50	50	—
OPM %	5	5	6	—
Other Income	6	2	5	2
Interest	20	10	9	9
Depreciation	13	15	16	16
	22	27	28	31
Tax %	30	23	23	25
Net Profit	15	21	22	23
EPS	3	4	4	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	2
Adjusted EPS	3	4	4	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	2
Adjusted EPS	3	4	4	—

Mar 2023

: 1,091
: 1,042
Operating Profit: 55
OPM %: 5
Other Income: 6
Interest: 20
Depreciation: 13
: 22
Tax %: 30
Net Profit: 15
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2024

: 965
: 917
Operating Profit: 50
OPM %: 5
Other Income: 2
Interest: 10
Depreciation: 15
: 27
Tax %: 23
Net Profit: 21
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2025

: 789
: 743
Operating Profit: 50
OPM %: 6
Other Income: 5
Interest: 9
Depreciation: 16
: 28
Tax %: 23
Net Profit: 22
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

TTM

: 864
: 817
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 9
Depreciation: 16
: 31
Tax %: 25
Net Profit: 23
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 2
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 2
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

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
LIABILITIES	-	-	-
	52	52	59
	314	344	364
	63	111	62
Trade Payables	16	5	7
	121	95	88
Total Liabilities	566	608	579
ASSETS	-	-	-
	281	279	264
Capital Work in Progress	2	1	20
	13	29	26
	159	176	168
	0	25	11
Cash & Bank	10	32	10
	101	67	81
Total Assets	566	608	579
Total Debt	112	119	62
Net Working Capital	108	93	103
Contingent Liabilities	22	22	23
Book Value per Share	69.91	75.77	72.18
Face Value	10.00	10.00	10.00
Total Debt	112	119	62
Net Working Capital	108	93	103
Contingent Liabilities	22	22	23
Book Value per Share	69.91	75.77	72.18
Face Value	10.00	10.00	10.00

Mar 2023

: 52
: 314
: 63
Trade Payables: 16
: 121
Total Liabilities: 566
: 281
Capital Work in Progress: 2
: 13
: 159
: 0
Cash & Bank: 10
: 101
Total Assets: 566
Total Debt: 112
Net Working Capital: 108
Contingent Liabilities: 22
Book Value per Share: 69.91
Face Value: 10.00
Total Debt: 112
Net Working Capital: 108
Contingent Liabilities: 22
Book Value per Share: 69.91
Face Value: 10.00

Mar 2024

: 52
: 344
: 111
Trade Payables: 5
: 95
Total Liabilities: 608
: 279
Capital Work in Progress: 1
: 29
: 176
: 25
Cash & Bank: 32
: 67
Total Assets: 608
Total Debt: 119
Net Working Capital: 93
Contingent Liabilities: 22
Book Value per Share: 75.77
Face Value: 10.00
Total Debt: 119
Net Working Capital: 93
Contingent Liabilities: 22
Book Value per Share: 75.77
Face Value: 10.00

Mar 2025

: 59
: 364
: 62
Trade Payables: 7
: 88
Total Liabilities: 579
: 264
Capital Work in Progress: 20
: 26
: 168
: 11
Cash & Bank: 10
: 81
Total Assets: 579
Total Debt: 62
Net Working Capital: 103
Contingent Liabilities: 23
Book Value per Share: 72.18
Face Value: 10.00
Total Debt: 62
Net Working Capital: 103
Contingent Liabilities: 23
Book Value per Share: 72.18
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	53	82	7
Cash from Investing	-32	-30	-15
Cash from Financing	-33	-30	-14
	-12	22	-22
Free Cash Flow	53	70	-11
OCF / Net Profit	3.48	3.88	0.32
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	3.48	3.88	0.32
Cumulative 5-Year FCF	0	0	0

Mar 2023

: 53
Cash from Investing: -32
Cash from Financing: -33
: -12
Free Cash Flow: 53
OCF / Net Profit: 3.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.48
Cumulative 5-Year FCF: 0

Mar 2024

: 82
Cash from Investing: -30
Cash from Financing: -30
: 22
Free Cash Flow: 70
OCF / Net Profit: 3.88
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.88
Cumulative 5-Year FCF: 0

Mar 2025

: 7
Cash from Investing: -15
Cash from Financing: -14
: -22
Free Cash Flow: -11
OCF / Net Profit: 0.32
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.32
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-
EPS (₹)	2.93	4.02	3.69
Book Value (₹)	69.91	75.77	72.18
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	5.46	6.96	6.37
PROFITABILITY	-	-	-
Operating Margin %	5.04%	4.97%	5.80%
Net Margin %	1.40%	2.18%	2.74%
ROE %	4.19%	5.52%	5.28%
ROCE %	8.72%	7.59%	7.30%
	2.71%	3.59%	3.65%
EFFICIENCY	-	-	-
Debtor Days	14	13	8
Inventory Days	53	63	79
Payable Days	7	5	4
	61	71	84
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.31x	0.29x	0.15x
Interest Coverage (x)	2.12x	3.63x	4.27x
	1.86x	1.56x	1.85x
GROWTH	-	-	-
Revenue Growth %	0.00%	-11.49%	-18.25%
Operating Profit Growth %	0.00%	-9.03%	0.72%
Net Profit Growth %	0.00%	37.44%	2.84%
	0.00%	37.44%	-8.13%
VALUATION	-	-	-
P/E (x)	0.00x	15.47x	9.22x
P/B (x)	0.00x	0.82x	0.47x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	8.38x	5.00x

Mar 2023

EPS (₹): 2.93
Book Value (₹): 69.91
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.46
Operating Margin %: 5.04%
Net Margin %: 1.40%
ROE %: 4.19%
ROCE %: 8.72%
: 2.71%
Debtor Days: 14
Inventory Days: 53
Payable Days: 7
: 61
Debt to Equity (x): 0.31x
Interest Coverage (x): 2.12x
: 1.86x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 4.02
Book Value (₹): 75.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.96
Operating Margin %: 4.97%
Net Margin %: 2.18%
ROE %: 5.52%
ROCE %: 7.59%
: 3.59%
Debtor Days: 13
Inventory Days: 63
Payable Days: 5
: 71
Debt to Equity (x): 0.29x
Interest Coverage (x): 3.63x
: 1.56x
Revenue Growth %: -11.49%
Operating Profit Growth %: -9.03%
Net Profit Growth %: 37.44%
: 37.44%
P/E (x): 15.47x
P/B (x): 0.82x
Dividend Yield %: 0.00%
: 8.38x

Mar 2025

EPS (₹): 3.69
Book Value (₹): 72.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.37
Operating Margin %: 5.80%
Net Margin %: 2.74%
ROE %: 5.28%
ROCE %: 7.30%
: 3.65%
Debtor Days: 8
Inventory Days: 79
Payable Days: 4
: 84
Debt to Equity (x): 0.15x
Interest Coverage (x): 4.27x
: 1.85x
Revenue Growth %: -18.25%
Operating Profit Growth %: 0.72%
Net Profit Growth %: 2.84%
: -8.13%
P/E (x): 9.22x
P/B (x): 0.47x
Dividend Yield %: 0.00%
: 5.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.11	48.11	48.76	48.76	48.76	48.76	48.76	48.89	49.29
	0.00	0.00	2.05	2.05	2.05	2.05	2.05	2.05	1.98
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	51.89	51.89	49.19	49.19	49.19	49.19	49.19	49.06	48.74

Jun 2024

: 48.11
: 0.00
DIIs: 0.00
Government: 0.00
: 51.89

Sep 2024

: 48.11
: 0.00
DIIs: 0.00
Government: 0.00
: 51.89

Dec 2024

: 48.76
: 2.05
DIIs: 0.00
Government: 0.00
: 49.19

Mar 2025

: 48.76
: 2.05
DIIs: 0.00
Government: 0.00
: 49.19

Jun 2025

: 48.76
: 2.05
DIIs: 0.00
Government: 0.00
: 49.19

Sep 2025

: 48.76
: 2.05
DIIs: 0.00
Government: 0.00
: 49.19

Dec 2025

: 48.76
: 2.05
DIIs: 0.00
Government: 0.00
: 49.19

Mar 2026

: 48.89
: 2.05
DIIs: 0.00
Government: 0.00
: 49.06

Jun 2026

: 49.29
: 1.98
DIIs: 0.00
Government: 0.00
: 48.74

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jun 2026
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