Scan Steels

Which are the latest news on Scan Steels?

Why is Scan Steels Ltd falling/rising?

As of 07-Jul, Scan Steels Ltd's stock price is at 41.65, showing a slight decline of 0.29%. Despite this, the stock has performed well over various periods, significantly outperforming the Sensex and indicating strong investor interest and a positive trend.

As of 07-Jul, Scan Steels Ltd's stock price is currently at 41.65, reflecting a slight decline of 0.12 or 0.29%. Despite this minor drop, the stock has shown strong performance over various periods. Over the past week, it has increased by 4.31%, significantly outperforming the Sensex, which rose by only 2.23%. In the last month, the stock has gained 12.87%, compared to the Sensex's 5.30% increase. Year-to-date, Scan Steels has risen by 14.80%, while the Sensex has decreased by 8.26%. <BR><BR>Moreover, the stock has been trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a positive trend. There has also been a notable increase in investor participation, with delivery volume rising by 87.47% against the 5-day average. This suggests that while the stock is experiencing a minor decline at the moment, its overall performance and investor interest remain strong, contributing to a generally positive outlook.

Should I buy, sell or hold Scan Steels Ltd?

How big is Scan Steels?

As of 10th June, Scan Steels Ltd has a market capitalization of 217.00 Cr and reported net sales of 838.26 Cr and a net profit of 22.02 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Scan Steels Ltd has a market capitalization of 217.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 838.26 Cr, while the sum of Net Profit for the same period is 22.02 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 422.96 Cr and Total Assets at 579.22 Cr.

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 information about any specific member or their roles, feel free to ask!

Who are the peers of the Scan Steels?

Scan Steels' peers include VISA Chrome, Neetu Yoshi, Manaksia Steels, Vraj Iron, Nagpur Power, Vaswani Industri, KIC Metaliks, Bihar Sponge, Indsil Hydro, and Jainam Ferro. Neetu Yoshi shows excellent management and growth, while Scan Steels has average management risk and a 1-year return of -7.13%.

Peers: The peers of Scan Steels are VISA Chrome, Neetu Yoshi, Manaksia Steels, Vraj Iron, Nagpur Power, Vaswani Industri, KIC Metaliks, Bihar Sponge, Indsil Hydro, and Jainam Ferro.<BR><BR>Quality Snapshot: Excellent management risk is observed at Neetu Yoshi, while Average management risk is found at Manaksia Steels, Vraj Iron, Scan Steels, and Vaswani Industri, and the rest. Below Average management risk is noted for Nagpur Power, KIC Metaliks, Indsil Hydro, and Jainam Ferro, and the rest. Growth is Excellent at Neetu Yoshi, Below Average at Manaksia Steels, Vraj Iron, Scan Steels, Nagpur Power, Vaswani Industri, Indsil Hydro, and Jainam Ferro, and the rest. The Capital Structure is Good at Neetu Yoshi, Manaksia Steels, Scan Steels, and Nagpur Power, while Below Average is seen at Vraj Iron, Vaswani Industri, KIC Metaliks, Bihar Sponge, Indsil Hydro, and Jainam Ferro, and the rest.<BR><BR>Return Snapshot: Neetu Yoshi has the highest 1-year return at 50.38%, while Vraj Iron has the lowest at -33.89%. Scan Steels' 1-year return is -7.13%, which is higher than Vraj Iron's but lower than Neetu Yoshi's. Additionally, KIC Metaliks and Indsil Hydro have negative six-month returns.

What does Scan Steels do?

Scan Steels Ltd is a micro-cap company in the ferrous metals industry, reporting net sales of 282 Cr and a net profit of 8 Cr for March 2026. The company has a market cap of INR 217 Cr and key financial metrics include a P/E ratio of 10.00 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 Scan Steels Limited on September 26, 2014. The latest quarterly results reported net sales and profit for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 282 Cr (Quarterly Results - Mar 2026)<BR>Net Profit: 8 Cr (Quarterly Results - Mar 2026)<BR>Market cap: INR 217 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 10.00<BR>Industry P/E: 26<BR>Dividend Yield: 0.00%<BR>Debt Equity: 0.15<BR>Return on Equity: 4.91%<BR>Price to Book: 0.49<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

Are Scan Steels Ltd latest results good or bad?

Scan Steels Ltd's latest Q4 FY26 results show strong revenue growth with a net profit increase of 125.57% quarter-on-quarter, but declining operating margins and a weak return on equity raise concerns about profitability and efficiency. Overall, the results are positive for revenue but highlight underlying challenges.

Scan Steels Ltd's latest results for Q4 FY26 present a mixed picture. On the positive side, the company reported a consolidated net profit of ₹7.85 crore, which marks a significant increase of 125.57% quarter-on-quarter and 65.61% year-on-year. Additionally, net sales reached ₹281.66 crore, reflecting a robust growth of 46.97% from the previous quarter and 16.78% from the same quarter last year. This is the highest quarterly revenue the company has achieved in recent times, indicating improved demand conditions.<BR><BR>However, there are notable concerns regarding profitability metrics. The operating margin, excluding other income, decreased to 4.86% from 5.44% in the previous quarter, indicating persistent cost pressures. Furthermore, the return on equity (ROE) remains weak at 4.29%, suggesting poor capital efficiency and raising questions about the company's ability to generate adequate returns on its investments.<BR><BR>Overall, while the revenue and profit growth are encouraging, the declining margins and weak return metrics highlight underlying challenges that could impact the company's long-term performance. Therefore, the results can be seen as good in terms of revenue growth but concerning when considering profitability and efficiency.

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