Scan Steels

Why is Scan Steels Ltd falling/rising?

As of 31-Aug, Scan Steels Ltd's stock price is currently at 58.71, reflecting a decline of 3.36% and significant underperformance compared to the Sensex. Recent trends indicate a concerning decline in both stock price and investor participation, with a notable drop in delivery volume.

As of 31-Aug, Scan Steels Ltd's stock price is falling, currently at 58.71, which reflects a decrease of 2.04 or 3.36%. The stock has been underperforming, having lost 8.99% over the last three days, and opened today with a significant gap down of 3.37%. Additionally, the stock has shown high volatility, with an intraday volatility of 5.06%. <BR><BR>In terms of performance relative to the benchmark, the stock has declined by 7.69% over the past week, while the Sensex has only decreased by 0.53%. Over the past month, the stock has also fallen by 6.32%, compared to a 1.46% decline in the Sensex. Despite a strong year-to-date performance of 61.82%, the recent trend indicates a concerning decline. <BR><BR>Investor participation appears to be waning, with delivery volume dropping by 22.13% against the five-day average. This decline in trading activity, combined with the stock's recent price movements and volatility, suggests that the stock is experiencing downward pressure.

Who are in the management team of Scan Steels?

The management team of Scan Steels includes Rajesh Gadodia (Chairman), Ankur Madaan (Whole-time Director), Praveen Kumar Patro (Executive Director), and three Independent Non-Executive Directors: Shravan Kumar Agrawal, Punit Kedia, and Debjani Sahu.

The management team of Scan Steels includes the following individuals:<BR><BR>1. **Rajesh Gadodia** - Chairman & Non-Executive Director<BR>2. **Ankur Madaan** - Whole-time Director<BR>3. **Praveen Kumar Patro** - Executive Director<BR>4. **Shravan Kumar Agrawal** - Independent Non-Executive Director<BR>5. **Punit Kedia** - Independent Non-Executive Director<BR>6. **Debjani Sahu** - Independent Non-Executive Director<BR><BR>If you need more details about any specific member or their roles, feel free to ask!

What does Scan Steels do?

Scan Steels Ltd operates in the ferrous metals industry, reporting net sales of 258 Cr and a net profit of 13 Cr for June 2026, with a market cap of INR 357 Cr. The company has a P/E ratio of 14.00 and a debt-equity ratio of 0.15.

Overview:<BR>Scan Steels Ltd operates in the ferrous metals industry and is categorized as a micro-cap company.<BR><BR>History:<BR>The company was incorporated in 1994 as Mittal Securities Private Limited and underwent several name changes, becoming a public limited company in 1994. The latest quarter reported for sales and profit is June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 258 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 13 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 357 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 14.00 <BR>Industry P/E: 25 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.15 <BR>Return on Equity: 4.91% <BR>Price to Book: 0.82 <BR><BR>Contact Details:<BR>Address: 104-105 E Square Subhas Road, Vile Parle(E) Mumbai Maharashtra : 400057 <BR>Tel: 91-022-26185461/62 <BR>Email: secretarial@scansteels.com <BR>Website: http://www.scansteels.com

Who are the peers of the Scan Steels?

Scan Steels' peers include S.A.L Steel, Manaksia Steels, Neetu Yoshi, VISA Chrome, Vraj Iron, Nagpur Power, Vaswani Industri, KIC Metaliks, Indsil Hydro, and Jainam Ferro. In terms of performance, S.A.L Steel leads with a 1-year return of 338.02%, while Scan Steels has a return of 67.89%.

Peers: The peers of Scan Steels are S.A.L Steel, Manaksia Steels, Neetu Yoshi, VISA Chrome, Vraj Iron, Nagpur Power, Vaswani Industri, KIC Metaliks, Indsil Hydro, and Jainam Ferro.<BR><BR>Quality Snapshot: Excellent management risk is observed at Neetu Yoshi and Indsil Hydro, while Average management risk is found at Manaksia Steels, Scan Steels, and Vaswani Industri. Below Average management risk is present at S.A.L Steel, Vraj Iron, Nagpur Power, KIC Metaliks, and Jainam Ferro, and the rest. Growth ratings show Excellent growth at Neetu Yoshi, Average growth at Manaksia Steels, Scan Steels, and Indsil Hydro, and Below Average growth at S.A.L Steel, Vraj Iron, Nagpur Power, Vaswani Industri, KIC Metaliks, and Jainam Ferro, and the rest. Good capital structure is noted at Manaksia Steels, Scan Steels, Nagpur Power, and Neetu Yoshi, while Below Average capital structure is seen at S.A.L Steel, VISA Chrome, Vraj Iron, Vaswani Industri, KIC Metaliks, and Indsil Hydro, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is S.A.L Steel at 338.02%, while the lowest is Vraj Iron at -14.04%. Scan Steels has a 1-year return of 67.89%, which is significantly lower than S.A.L Steel's but higher than Vraj Iron's. Additionally, the peers Vaswani Industri, Indsil Hydro, and Jainam Ferro have negative six-month returns.

How big is Scan Steels?

As of 31st August, Scan Steels Ltd has a market capitalization of 357.00 Cr, with net sales of 864.05 Cr and a net profit of 24.77 Cr for the latest four quarters. The company reported shareholder's funds of 422.96 Cr and total assets of 579.22 Cr as of March 2025.

As of 31st August, Scan Steels Ltd has a market capitalization of 357.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>For the latest four quarters, Scan Steels reported Net Sales of 864.05 Cr and a Net Profit of 24.77 Cr.<BR><BR>As of the latest annual period in March 2025, the company had Shareholder's Funds amounting to 422.96 Cr and Total Assets of 579.22 Cr.

Which are the latest news on Scan Steels?

Should I buy, sell or hold Scan Steels Ltd?

Are Scan Steels Ltd latest results good or bad?

Scan Steels Ltd's latest Q1 FY27 results show a significant net profit increase of 68.79% to ₹13.25 crores and the highest operating margin in seven quarters at 9.08%. However, revenue declined by 8.47% from the previous quarter, raising concerns about sustainability, and the low return on equity of 5.01% indicates ongoing challenges.

Scan Steels Ltd's latest results for Q1 FY27 present a mixed picture. On the positive side, the company achieved a net profit of ₹13.25 crores, which is a significant increase of 68.79% compared to the previous quarter. This indicates improved profitability and operational efficiency. Additionally, the operating margin reached 9.08%, the highest in seven quarters, reflecting better cost management and a favorable product mix.<BR><BR>However, the revenue for the quarter was ₹257.79 crores, which represents an 8.47% decline from the previous quarter. This decrease in revenue is concerning, although it does show an 11.12% year-on-year growth compared to the same quarter last year.<BR><BR>While the profit growth is commendable, the decline in revenue raises questions about the sustainability of this performance. Furthermore, the company's return on equity (ROE) remains low at 5.01%, which is below industry averages, indicating challenges in capital efficiency.<BR><BR>In summary, while Scan Steels has made notable strides in profitability and margin improvement, the revenue decline and low return metrics suggest that there are still significant challenges to address. Overall, the results can be seen as a positive step, but caution is warranted given the mixed indicators.

When is the next results date for Scan Steels Ltd?

The next results date for Scan Steels Ltd is 15 May 2026.

The next results date for Scan Steels Ltd is scheduled for 15 May 2026.

Is Scan Steels overvalued or undervalued?

As of November 19, 2025, Scan Steels is considered attractively undervalued with a PE ratio of 11.27 and a Price to Book Value of 0.48, indicating a significant discount compared to peers like JSW Steel and Tata Steel, despite a year-to-date return of -23.53% against the Sensex.

As of 19 November 2025, Scan Steels has moved from a very attractive to an attractive valuation grade. The company appears to be undervalued, with a PE ratio of 11.27, a Price to Book Value of 0.48, and an EV to EBITDA of 7.00. These ratios suggest that the stock is trading at a significant discount compared to its peers, particularly when considering JSW Steel, which has a PE ratio of 46.65, and Tata Steel, with a PE ratio of 29.03.<BR><BR>In comparison to its peers, Scan Steels' valuation metrics indicate a strong relative position, especially with an EV to Sales ratio of 0.39, which is considerably lower than many competitors. The company has also shown a return on capital employed (ROCE) of 5.29% and a return on equity (ROE) of 4.29%, which, while modest, reflect potential for improvement. Despite recent underperformance against the Sensex, with a year-to-date return of -23.53% compared to the Sensex's 9.02%, the current valuation suggests that Scan Steels may present a buying opportunity.

How has been the historical performance of Scan Steels?

Scan Steels has seen a decline in net sales from 1,090.78 Cr in Mar'23 to 789.20 Cr in Mar'25, but profitability improved with profit before tax rising to 26.08 Cr and profit after tax to 19.60 Cr. However, cash flow from operations significantly decreased, resulting in a net cash outflow in Mar'25, raising liquidity concerns.

Answer:<BR>The historical performance of Scan Steels shows a declining trend in net sales over the past three years, with figures of 1,090.78 Cr in Mar'23, 965.41 Cr in Mar'24, and further decreasing to 789.20 Cr in Mar'25. Despite this decline in sales, the company has managed to improve its profit before tax, which rose from 22.00 Cr in Mar'23 to 24.16 Cr in Mar'24, and then to 26.08 Cr in Mar'25. Profit after tax also increased from 15.32 Cr in Mar'23 to 19.60 Cr in Mar'25, indicating a positive trend in profitability. The operating profit margin (excluding other income) improved from 4.46% in Mar'23 to 5.75% in Mar'25, reflecting better cost management. However, total liabilities decreased from 608.30 Cr in Mar'24 to 579.22 Cr in Mar'25, while total assets also saw a slight decline from 608.30 Cr to 579.22 Cr in the same period. The company's cash flow from operating activities has decreased significantly from 81.00 Cr in Mar'24 to 6.00 Cr in Mar'25, contributing to a net cash outflow of 22.00 Cr in Mar'25.<BR><BR>Breakdown:<BR>Scan Steels has experienced a notable decline in net sales, dropping from 1,090.78 Cr in Mar'23 to 789.20 Cr in Mar'25. Despite this, the company has shown resilience in profitability, with profit before tax increasing from 22.00 Cr in Mar'23 to 26.08 Cr in Mar'25, and profit after tax rising from 15.32 Cr to 19.60 Cr in the same period. The operating profit margin has improved, indicating enhanced efficiency in managing expenses. On the balance sheet, total liabilities decreased, while total assets also saw a slight decline, suggesting a tightening of financial resources. The cash flow from operating activities has significantly reduced, leading to a net cash outflow in Mar'25, which may raise concerns about liquidity moving forward.

Who are the top shareholders of the Scan Steels?

The top shareholders of Scan Steels are Artline Commerce Private Limited with 16.33%, Gopikar Supply Pvt Ltd at 5.85%, and individual investors holding 16.84%. There is also one foreign institutional investor with 2.05%, and there are no pledged promoter holdings or mutual fund investments.

The top shareholders of Scan Steels include Artline Commerce Private Limited, which holds the highest promoter stake at 16.33%. Additionally, Gopikar Supply Pvt Ltd is the highest public shareholder with a holding of 5.85%. Individual investors collectively own 16.84% of the company. There is also one foreign institutional investor (FII) that holds 2.05% of the shares. Notably, there are no pledged promoter holdings and no mutual funds currently invested in the company.

What is the technical trend for Scan Steels?

As of May 12, 2025, Scan Steels shows a mildly bearish trend with mixed signals from MACD and moving averages, while Bollinger Bands remain bearish.

As of 12 May 2025, the technical trend for Scan Steels has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The daily moving averages are mildly bearish, and both the weekly and monthly Bollinger Bands are bearish. The KST shows a mildly bullish signal on the weekly timeframe but is bearish monthly. Dow Theory indicates no trend in both weekly and monthly timeframes. Overall, the current technical stance is mildly bearish, driven primarily by the mixed signals from MACD and moving averages, alongside bearish Bollinger Bands.

Has Scan Steels declared dividend?

No Dividend History Available