Micro Steel

Scan Steels Ltd.

SCANSTL

₹37.39

-0.13% (-0.05)

Market Cap

₹218 Cr.

P/E

11.14

Scan Steels Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Scan Steels Ltd. Shareprice

Has the share price of Scan Steels grown faster than its competition?

Scan Steels has given lower returns compared to its competitors.
Scan Steels has grown at ~2.69% over the last 3yrs while peers have grown at a median rate of 26.76%

Is Scan Steels stock expensive?

Scan Steels is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE.
Latest PE of Scan Steels is 10.13, while 3 year average PE is 14.38.
Also latest EV/EBITDA of Scan Steels is 5.98 while 3yr average is 5.85.

View FAQ's On Business

Growth Table

Scan Steels Ltd.
Incredible Indu
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-45.79	0.35	2.54	3.50	16.41	2.99	5.93	9.88	7.51	-2.09
TTM EPS CAGR	8.35	11.86	-27.26	-9.87	125	18.12	—	—	—	17.38
Sales CAGR	-18.25	-14.94	-7.59	1.90	3.43	2.13	6.24	8.26	9.00	5.84
PAT Margin (Abs Growth)	0.78	-2.90	-2.02	2.13	1.23	2.56	5.00	2.65	1.64	6.30
PE CAGR	-50.29	-9.69	41.18	19.07	-49.13	-13.96	—	—	—	-16.57
CFO CAGR	53.12	29.29	32.25	28.14	81.86	—	58.84	1.89	1.75	2.65

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Scan Steels Ltd.
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In Rs. Cr.	Mar'23	Mar'24	Mar'25
Assets	566	608	579
Non Current Assets	298	316	355
Net Block	281	279	264
Capital Work in Progress	2.18	0.98	20.15
Intangible Assets Under Development	—	—	—
Long Term Investments	13.06	28.89	26.22
Current Assets	233	258	225
Inventory	159	176	168
Accounts Receivable	42.66	25.03	10.99
Short Term Investments	—	—	—
Cash & Bank Balances	9.56	31.79	9.77
Liabilities	566	608	579
Shareholders Funds	366	403	423
Share Capital	52.35	58.60	58.60
Reserves	314	344	364
Non Current Liabilities	74.49	40.72	34.63
Secured Loans	21.52	5.81	—
Unsecured Loans	17.99	—	0.00
Current Liabilities	125	165	122
Accounts Payable	15.73	5.36	6.66
Short Term Loans	55.33	111	61.92

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Scan Steels Ltd.
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In Rs. Cr.	Mar'23	Mar'24	TTM
Sales	1,091	965	789
Operating Expenses	1,042	917	744
Raw Material	868	770	497
Material Cost (%)	79.53	75.65	69.02
Employee Cost	30.34	31.11	37.47
Power & Fuel Cost	95.38	100	—
Operating Profit	49.00	48.00	45.36
Other Income	5.99	2.02	4.61
OPM (%)	4.49	4.97	5.75
Depreciation and Amortisation	13.29	15.40	15.69
Interest	19.70	10.46	8.19
Profit Before Tax	22.00	27.48	26.09
Tax	6.68	6.43	6.48
Net Profit	15.32	21.05	19.61
Number of shares(Crs)	5.24	5.24	—
Dividend Payout Ratio(%)	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Scan Steels Ltd.
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In Rs. Cr.	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	53.29	81.60	7.00
Profit Before Tax	22.00	27.48	28.14
Adjustments	26.65	23.41	17.49
OCF Before Working Capital	48.65	50.89	45.62
Working Capital Changes	9.73	36.73	-33.41
Taxes Paid	-5.08	-6.02	-5.22
Cash from Investing Activity	-31.97	-29.71	-15.03
Net Fixed Assets Purchased	-27.22	-12.26	-19.23
Fixed Assets Purchased	-33.01	-12.82	-19.27
Fixed Assets Sold	5.79	0.55	0.03
Investment Purchased	-6.18	-15.77	-5.23
Investment Sold	0.75	1.96	11.22
Interest Recieved	1.37	1.30	1.39
Dividends Recieved	0.00	0.00	0.00
Subsidiary Investments	—	—	—
Cash from Financing Activity	-33.30	-29.67	-13.99
Proceeds From Shares	—	14.03	—
Net Long Term Borrowings	-13.99	-33.71	-5.80
Proceeds From Borrowings	—	—	—
Repayment From Borrowings	-13.99	-33.71	-5.80
Interest Paid	-19.31	-9.99	-8.19
Dividend Paid	—	—	—
Net Cash Flow	-11.97	22.22	-22.02
Opening Cash & Cash Equivalents	21.54	9.56	31.79
Effect of FX	—	—	—
Closing Cash & Cash Equivalents	9.56	31.79	9.77
Net Capex (est)	27.22	12.26	19.23
Free Cash Flow (est)	26.07	69.34	-12.24

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Scan Steels Ltd.
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	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.59	0.50
Liquid Assets (Crs)	74.27	82.11
Current Liabilities (Crs)	125	165
Current Ratio	1.86	1.56
Current Assets (Crs)	233	258
Current Liabilities (Crs)	125	165
Interest Coverage Ratio	2.12	3.63
EBIT (Crs)	41.70	34.62
Interest Expenses (Crs)	19.70	10.46
Fixed Asset Turnover	2.23	1.92
Net Sales (Crs)	1,091	965
Fixed Assets (Crs)	489	502
Cash Conversion Cycle	60.75	70.71
Inventory Days	53.10	63.18
Days Receivable	14.28	12.80
Days Payable	6.62	5.27
Debt to Equity Ratio	0.31	0.29
Total Debt (Crs)	112	119
Shareholders Equity (Crs)	366	403
Free Cash Flow/Sales (%)	2.39	7.18
Free Cash Flow(est) (Crs)	26.07	69.34
Net Sales (Crs)	1,091	965
Profitability Ratios
Gross Margin (%)	20.47	24.35
Op Profit Margin (%)	4.49	4.97
Operating Profit (Crs)	54.99	50.02
Net Sales (Crs)	1,091	965
Net Profit Margin (%)	1.40	2.18
Net Profit (Crs)	15.32	21.05
Net Sales (Crs)	1,091	965
ROCE (%)	9.47	7.80
EBIT (Crs)	41.70	34.62
Capital Employed (Crs)	440	444
Return on Assets (%)	2.71	3.46
Net Profit (Crs)	15.32	21.05
Total Assets (Crs)	566	608
ROIC (%)	6.47	7.25
Op Profit after Taxes (Crs)	24.87	24.98
Invested Capital (Crs)	384	344
ROE (%)	4.19	5.23
Net Profit Margin (%)	1.40	2.18
Asset Turnover ratio	1.93	1.59
Equity Multiplier	1.55	1.51
Adjusted EPS	2.93	4.02
Valuation Ratios
P/E	9.46	15.47
Price to Book	0.40	0.82
EV/EBITDA	4.50	8.38
Dividend Yield (%)	0.00	0.00

Quarterly Results

Scan Steels Ltd.
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In Rs. Cr.	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	275	227	262	219	257	234	140	175	241
Operating Expenses	259	215	251	211	241	209	138	165	232
Increase/Decrease in Stock	3.27	-23.73	12.87	-49.60	21.13	30.69	-29.70	-6.53	52.97
Raw Material	176	147	159	186	152	129	120	122	126
Employee Cost	8.30	7.04	7.15	7.42	9.50	8.56	8.70	8.75	11.46
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	15.86	12.02	10.68	8.63	16.20	24.12	2.44	9.88	8.93
Other Income	2.24	0.65	0.06	0.09	1.22	1.79	1.42	0.05	1.35
Interest	10.82	2.86	1.99	2.69	2.45	2.28	1.88	2.08	1.95
PBDT	7.29	9.82	8.75	6.04	14.96	23.63	1.98	7.85	8.33
Depreciation and Amortization	3.52	3.84	3.85	3.85	3.86	3.93	3.93	3.92	3.91
Profit Before Tax	3.76	5.98	4.90	2.18	11.10	19.70	-1.95	3.92	4.42
Tax	1.41	1.27	1.56	0.61	2.99	5.06	-0.59	1.18	0.84
Profit After Tax	2.35	4.71	3.34	1.57	8.11	14.64	-1.36	2.75	3.58
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	2.35	4.71	3.34	1.57	11.43	14.59	-0.84	3.16	4.74
Quarterly Ratios
EPS	0.45	0.90	0.64	0.30	2.18	2.79	-0.16	0.54	0.81
Operating Profit Margin	5.77	5.29	4.08	3.93	6.30	10.33	1.74	5.66	3.70
Net Profit Margin	0.86	2.07	1.27	0.72	3.16	6.27	-0.97	1.58	1.48

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

10.20%

Implied Growth Rate over a 5 year period*

0.00%

Implied Growth Rate over a 10 year period*

-2.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Scan Steels Ltd. Financials

How strong is Scan Steels balance sheet?

Balance sheet of Scan Steels is strong.
But short term working capital might become an issue for this company.

Is the debt of Scan Steels increasing or decreasing?

The net debt of Scan Steels is decreasing.
Latest net debt of Scan Steels is ₹52.16 Crs as of Mar-25.
This is less than Mar-24 when it was ₹65.45 Crs.

Is the profitablity of Scan Steels improving?

The profit is oscillating.
The profit of Scan Steels is ₹19.61 Crs for TTM, ₹21.05 Crs for Mar 2024 and ₹15.32 Crs for Mar 2023.

Does Scan Steels pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Scan Steels latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Scan Steels allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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Scan Steels Ltd.

Scan Steels Ltd.

Has the share price of Scan Steels grown faster than its competition?

Is Scan Steels stock expensive?

How strong is Scan Steels balance sheet?

Is the debt of Scan Steels increasing or decreasing?

Is the profitablity of Scan Steels improving?

Does Scan Steels pay decent dividends?

How has Scan Steels allocated its funds?

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