Scan Steels Ltd (SCANSTL) News & Corporate Actions | Announcements, Board Meetings, Splits, Bonuses, Rights Issues

{ "main_header": { "sid": 150700, "name": "Scan Steels", "stock_name": "Scan Steels", "full_name": "Scan Steels Ltd", "name_url": "stocks-analysis/scan-steels", "exchange": 0, "exchangecode": "", "primexch": 1, "country_id": 34, "currency": "INR", "cmp": "33.41", "chg": -1.48, "chgp": "-4.24%", "dir": -1, "prev_price": "34.89", "mcapval": "218.00 Cr", "mcap": "Micro Cap", "scripcode": 511672, "symbol": "SCANSTL", "ind_name": "Ferrous Metals", "ind_code": 23, "sector_id": 25, "indexname": "India SENSEX", "isin": "INE099G01011", "curr_date": "Jun 11, 03:30 PM", "curr_time": "00:12 AM", "last_traded_at": "Jun 11, 03:30 PM IST", "bse_nse_vol": "61.32 k", "exc_status": "Active", "traded_date": "Jun 11, 2026", "traded_date_str": "2026 06 11", "score": "", "scoreText": "", "Live": 0, "market_time": 0, "is_blur": 1, "is_blur_class": "blur-register-score-header", "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/scan-steels-150700-0&utm_source=Spage_Header_Score", "mojoone": { "ismore": 0 } }, "news": { "results": [ { "title": "Scan Steels Ltd Downgraded to Hold Amid Mixed Technical and Financial Signals", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-downgraded-to-hold-amid-mixed-technical-and-financial-signals-4043191", "imagepath": "https://i.marketsmojo.com/newsimg/2026/6/ScanSteelsLtd_mojoScore_4043191.png", "date": "2026-06-10 08:00:57", "description": "Scan Steels Ltd, a micro-cap player in the ferrous metals sector, has seen its investment rating downgraded from Buy to Hold as of 9 June 2026. This revision reflects a nuanced assessment across four key parameters: quality, valuation, financial trend, and technical indicators. While the company posted encouraging quarterly financials, evolving technical signals and valuation metrics have tempered investor enthusiasm, prompting a more cautious stance." }, { "title": "Scan Steels Ltd is Rated Hold", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-is-rated-hold-4022576", "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ScanSteelsLtd_mojoScore_4022576.png", "date": "2026-05-30 10:10:04", "description": "Scan Steels Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 18 May 2026. However, the analysis and financial metrics presented here reflect the stock's current position as of 30 May 2026, providing investors with an up-to-date view of its fundamentals, valuation, financial trends, and technical outlook." }, { "title": "Scan Steels Gains 5.72%: 3 Key Factors Driving the Weekly Rally", "link": "https://www.marketsmojo.com/news/stocks-in-action/scan-steels-gains-572-3-key-factors-driving-the-weekly-rally-4009538", "imagepath": "", "date": "2026-05-24 16:00:47", "description": " <div class=\"article-news-new\">\n <div class=\"article-container\">\n\n<div class=\"article-content\">\n <div class=\"highlight-box\">\n <h3>Key Events This Week</h3>\n <p><strong>18 May:</strong> Stock surges 7.00% to Rs.39.44 following quality grade upgrade</p>\n <p><strong>19 May:</strong> Mojo rating upgraded to Hold amid strong quarterly results</p>\n <p><strong>19 May:</strong> Valuation grade shifts to Very Attractive, boosting investor interest</p>\n <p><strong>22 May:</strong> Week closes at Rs.38.97, up 5.72% vs Sensex +0.50%</p>\n </div>\n\n <div class=\"stats-row\">\n <div class=\"stat-item\"><div class=\"stat-label\">Week Open</div><div class=\"stat-value\">Rs.36.86</div></div>\n <div class=\"stat-item\"><div class=\"stat-label\">Week Close<..." }, { "title": "Scan Steels Ltd Upgraded to Hold as Financials and Valuation Improve", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-upgraded-to-hold-as-financials-and-valuation-improve-3997769", "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ScanSteelsLtd_mojoScore_3997769.png", "date": "2026-05-19 08:00:50", "description": "Scan Steels Ltd has seen its investment rating upgraded from Sell to Hold, reflecting significant improvements across financial performance, valuation metrics, quality indicators, and technical trends. This upgrade, effective from 18 May 2026, is underpinned by robust quarterly results, attractive valuation multiples, and a shift towards a more bullish technical outlook, positioning the micro-cap steel company favourably within the ferrous metals sector." }, { "title": "Scan Steels Ltd Valuation Shifts to Very Attractive Amid Market Rally", "link": "https://www.marketsmojo.com/news/stocks-in-action/scan-steels-ltd-valuation-shifts-to-very-attractive-amid-market-rally-3997641", "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ScanSteelsLtd_valuationdot_3997641.png", "date": "2026-05-19 08:00:10", "description": "Scan Steels Ltd has witnessed a significant improvement in its valuation parameters, shifting from an attractive to a very attractive rating. This change is underpinned by a notable decline in its price-to-earnings (P/E) and price-to-book value (P/BV) ratios, positioning the micro-cap ferrous metals company as a compelling option within its sector despite mixed returns against benchmark indices." }, { "title": "Scan Steels Ltd Quality Grade Upgrade Reflects Mixed Business Fundamentals", "link": "https://www.marketsmojo.com/news/stocks-in-action/scan-steels-ltd-quality-grade-upgrade-reflects-mixed-business-fundamentals-3997617", "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ScanSteelsLtd_qualitydot_3997617.png", "date": "2026-05-19 08:00:06", "description": "Scan Steels Ltd has seen its quality grade upgraded from below average to average, reflecting a nuanced shift in its business fundamentals. While certain metrics such as return on capital employed (ROCE) and return on equity (ROE) remain modest, improvements in debt management and interest coverage have contributed to a more balanced outlook. This article analyses the key financial parameters underpinning this change and what it means for investors navigating the ferrous metals sector." }, { "title": "Are Scan Steels Ltd latest results good or bad?", "link": "https://www.marketsmojo.com/news/result-analysis/are-scan-steels-ltd-latest-results-good-or-bad-3994946", "imagepath": "", "date": "2026-05-16 19:18:06", "description": "Scan Steels Ltd reported its Q4 FY26 financial results, showcasing a significant increase in both net sales and consolidated net profit. The company achieved net sales of ₹281.66 crores, reflecting a quarter-on-quarter growth of 46.97% from ₹191.64 crores in Q3 FY26 and a year-on-year increase of 16.78% from ₹241.19 crores in Q4 FY25. This marks the highest revenue performance in recent quarters, driven by improved demand conditions and better realizations.\n\nConsolidated net profit for the quarter stood at ₹7.85 crores, which represents a quarter-on-quarter growth of 125.57% compared to ₹3.48 crores in Q3 FY26 and a year-on-year increase of 65.61% from ₹4.74 crores in Q4 FY25. However, despite these headline figures, the company's profitability metrics raise concerns. The operating margin, excluding other income, decreased to 4.86% from 5.44% in Q3 FY26, indicating ongoing cost pressures. The profit after t..." }, { "title": "Scan Steels Q4 FY26: Strong Profit Rebound Masks Underlying Challenges", "link": "https://www.marketsmojo.com/news/result-analysis/scan-steels-q4-fy26-strong-profit-rebound-masks-underlying-challenges-3994164", "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ScanSteels_quaterlyResult_3994164.png", "date": "2026-05-16 09:46:00", "description": "Scan Steels Ltd., a micro-cap ferrous metals manufacturer with a market capitalisation of ₹239.00 crores, reported a consolidated net profit of ₹7.85 crores for Q4 FY26, marking a robust sequential growth of 125.57% from ₹3.48 crores in Q3 FY26 and year-on-year expansion of 65.61% from ₹4.74 crores in Q4 FY25. However, the stock tumbled 5.49% on May 15, 2026, closing at ₹36.86, reflecting investor concerns about the company's weak fundamental trajectory and modest profitability metrics despite the headline profit growth." }, { "title": "Scan Steels Ltd Upgraded to Sell on Technical Improvement Despite Flat Financials", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-upgraded-to-sell-on-technical-improvement-despite-flat-financials-3980661", "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ScanSteelsLtd_mojoScore_3980661.png", "date": "2026-05-08 08:00:51", "description": "Scan Steels Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 7 May 2026, driven primarily by a marked improvement in technical indicators. Despite this upgrade, the company’s fundamental financial performance remains subdued, with flat quarterly results and weak long-term profitability metrics continuing to weigh on investor sentiment." } ], "total": 136, "sid": "150700", "stock_news_url": "https://www.marketsmojo.com/news/scan-steels-150700" }, "announcements": [ { "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication", "datetime": "16-May-2026", "details": "Newspaper publication of Audited Standalone and Consolidated Financial Results of the Company for the quarter & year ended March 31 2026.", "source": "BSE" }, { "caption": "Board Meeting Outcome for Outcome Of Board Meeting - Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31 2026.", "datetime": "15-May-2026", "details": "We wish to inform you that the Board of Directors of the Company at its Board Meeting held today i.e. Friday May 15 2026 inter-alia have approved the following: 1. Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31 2026 and the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31 2026 as recommended by the Audit Committee; and 2. Auditors Report on the Financial Results & Statements (Standalone and Consolidated).", "source": "BSE" }, { "caption": "Announcement under Regulation 30 (LODR)-Press Release / Media Release", "datetime": "15-May-2026", "details": "Submission of Press Release regarding Q4 and FY26 Financial & Operational Performance", "source": "BSE" } ], "corporate_actions": [ { "img": "board-meeting.svg", "title": "BOARD MEETING", "msg": "<span>No</span> Upcoming Board Meetings", "data": [] }, { "img": "dividend.svg", "title": "DIVIDEND", "msg": "No <strong>Dividend</strong> history available", "data": [] }, { "img": "splits.svg", "title": "SPLITS", "msg": "No <strong>Splits</strong> history available", "data": [] }, { "img": "bonus.svg", "title": "BONUS", "msg": "No <strong>Bonus</strong> history available", "data": [] }, { "img": "rights-issues.svg", "title": "RIGHTS", "msg": "No <strong>Rights</strong> history available", "data": [] } ] }

Key Events This Week

18 May: Stock surges 7.00% to Rs.39.44 following quality grade upgrade

19 May: Mojo rating upgraded to Hold amid strong quarterly results

19 May: Valuation grade shifts to Very Attractive, boosting investor interest

22 May: Week closes at Rs.38.97, up 5.72% vs Sensex +0.50%

Week Open

Rs.36.86

Week Close<...

Read full news article

Scan Steels Ltd Upgraded to Hold as Financials and Valuation Improve

2026-05-19 08:00:50

Scan Steels Ltd has seen its investment rating upgraded from Sell to Hold, reflecting significant improvements across financial performance, valuation metrics, quality indicators, and technical trends. This upgrade, effective from 18 May 2026, is underpinned by robust quarterly results, attractive valuation multiples, and a shift towards a more bullish technical outlook, positioning the micro-cap steel company favourably within the ferrous metals sector.

Read full news article

Scan Steels Ltd Valuation Shifts to Very Attractive Amid Market Rally

2026-05-19 08:00:10

Scan Steels Ltd has witnessed a significant improvement in its valuation parameters, shifting from an attractive to a very attractive rating. This change is underpinned by a notable decline in its price-to-earnings (P/E) and price-to-book value (P/BV) ratios, positioning the micro-cap ferrous metals company as a compelling option within its sector despite mixed returns against benchmark indices.

Read full news article

Scan Steels Ltd Quality Grade Upgrade Reflects Mixed Business Fundamentals

2026-05-19 08:00:06

Scan Steels Ltd has seen its quality grade upgraded from below average to average, reflecting a nuanced shift in its business fundamentals. While certain metrics such as return on capital employed (ROCE) and return on equity (ROE) remain modest, improvements in debt management and interest coverage have contributed to a more balanced outlook. This article analyses the key financial parameters underpinning this change and what it means for investors navigating the ferrous metals sector.

Read full news article

Are Scan Steels Ltd latest results good or bad?

2026-05-16 19:18:06

Scan Steels Ltd reported its Q4 FY26 financial results, showcasing a significant increase in both net sales and consolidated net profit. The company achieved net sales of ₹281.66 crores, reflecting a quarter-on-quarter growth of 46.97% from ₹191.64 crores in Q3 FY26 and a year-on-year increase of 16.78% from ₹241.19 crores in Q4 FY25. This marks the highest revenue performance in recent quarters, driven by improved demand conditions and better realizations. Consolidated net profit for the quarter stood at ₹7.85 crores, which represents a quarter-on-quarter growth of 125.57% compared to ₹3.48 crores in Q3 FY26 and a year-on-year increase of 65.61% from ₹4.74 crores in Q4 FY25. However, despite these headline figures, the company's profitability metrics raise concerns. The operating margin, excluding other income, decreased to 4.86% from 5.44% in Q3 FY26, indicating ongoing cost pressures. The profit after t...

Read full news article

Scan Steels Q4 FY26: Strong Profit Rebound Masks Underlying Challenges

2026-05-16 09:46:00

Scan Steels Ltd., a micro-cap ferrous metals manufacturer with a market capitalisation of ₹239.00 crores, reported a consolidated net profit of ₹7.85 crores for Q4 FY26, marking a robust sequential growth of 125.57% from ₹3.48 crores in Q3 FY26 and year-on-year expansion of 65.61% from ₹4.74 crores in Q4 FY25. However, the stock tumbled 5.49% on May 15, 2026, closing at ₹36.86, reflecting investor concerns about the company's weak fundamental trajectory and modest profitability metrics despite the headline profit growth.

Read full news article

Scan Steels Ltd Upgraded to Sell on Technical Improvement Despite Flat Financials

2026-05-08 08:00:51

Scan Steels Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 7 May 2026, driven primarily by a marked improvement in technical indicators. Despite this upgrade, the company’s fundamental financial performance remains subdued, with flat quarterly results and weak long-term profitability metrics continuing to weigh on investor sentiment.

Read full news article