Scan Steels

how big is Scan Steels?

As of Jun 06, Scan Steels Ltd has a market capitalization of 218.00 Cr, with recent net sales of 789.20 Cr and a net profit of 21.65 Cr over the last four quarters. Shareholder's funds are 402.92 Cr, and total assets amount to 608.30 Cr as of the latest annual period ending Mar'24.

Market Cap: <BR>As of Jun 06, Scan Steels Ltd has a market capitalization of 218.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: <BR>For the latest four quarters, the sum of Net Sales is 789.20 Cr and the sum of Net Profit is 21.65 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: <BR>This is Consolidated data for the latest annual period ending Mar'24. Shareholder's Funds are reported at 402.92 Cr, and Total Assets amount to 608.30 Cr.

Who are in the management team of Scan Steels?

As of March 2023, 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. Each member contributes to the company's strategic direction and governance.

As of March 2023, 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>Each member plays a significant role in guiding the company's strategic direction and governance.

What does Scan Steels do?

Scan Steels Ltd operates in the ferrous metals industry as a micro-cap company, reporting net sales of 241 Cr and a net profit of 5 Cr for the quarter ending March 2025. The company, originally incorporated in 1994, has a market cap of Rs 218 Cr and key metrics including a P/E of 10.00 and a debt-equity ratio of 0.12.

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 later converted to a public limited company on October 18, 1994, changing its name to Mittal Securities Finance Limited. The latest reported quarter for sales and profit is March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 241 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 5 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 218 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 10.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.12 <BR>Return on Equity: 5.12% <BR>Price to Book: 0.51 <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

Has Scan Steels declared dividend?

No Dividend History Available

Who are the peers of the Scan Steels?

Scan Steels' peers include JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, SAIL, Shyam Century, Nagpur Power, S.A.L Steel, and Indsil Hydro. Among these, Lloyds Metals shows the highest 1-year return at 105.69%, while Scan Steels has the lowest at -46.03%.

Peers: The peers of Scan Steels are JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, SAIL, Shyam Century, Nagpur Power, S.A.L Steel, and Indsil Hydro.<BR><BR>Quality Snapshot: Excellent management risk is observed at JSW Steel, Tata Steel, Jindal Steel, and Lloyds Metals, while Average management risk is found at Scan Steels and Vaswani Industri. Below Average management risk is noted at Shyam Century, Nagpur Power, S.A.L Steel, and Indsil Hydro. Growth is Excellent at Lloyds Metals, Good at JSW Steel, Tata Steel, and Jindal Steel, Average at Scan Steels, and Below Average at SAIL, Shyam Century, Nagpur Power, S.A.L Steel, and Indsil Hydro. Capital Structure is Excellent at Lloyds Metals, Good at Jindal Steel and Scan Steels, Below Average at JSW Steel, SAIL, Shyam Century, Nagpur Power, S.A.L Steel, and Indsil Hydro, and Average at Tata Steel and Vaswani Industri.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lloyds Metals at 105.69%, while the peer with the lowest is Scan Steels at -46.03%. This indicates that Scan Steels' 1-year return is significantly lower than its peers. Additionally, the six-month return is negative for Scan Steels, Shyam Century, and Nagpur Power.

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.

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.

When is the next results date for Scan Steels?

The next results date for Scan Steels is August 8, 2025.

The next results date for Scan Steels is scheduled for August 8, 2025.

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.

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.

Are Scan Steels Ltd latest results good or bad?

Scan Steels Ltd's latest results are concerning, showing a 98.19% decline in net profit to ₹0.19 crores and a 42.69% drop in net sales to ₹132.96 crores, indicating significant operational challenges and poor performance overall.

Scan Steels Ltd's latest results indicate a significant downturn in performance, reflecting a challenging quarter. In Q2 FY26, the company reported a consolidated net profit of just ₹0.19 crores, which represents a staggering decline of 98.19% compared to the previous quarter. This drastic drop in profitability is accompanied by a sharp decrease in net sales, which fell to ₹132.96 crores, down 42.69% quarter-on-quarter and 4.99% year-on-year.<BR><BR>The operating margin also suffered, contracting to 4.27%, down 406 basis points from the previous quarter. This margin compression highlights the operational difficulties the company is facing, including volatile steel prices and subdued demand conditions. Furthermore, the return on equity (ROE) of 4.29% is below industry standards, indicating poor capital efficiency.<BR><BR>Overall, the results are concerning, showcasing severe operational headwinds and raising questions about the company's ability to navigate the current market environment effectively. The financial metrics suggest that Scan Steels is struggling significantly, making the latest results lean towards the "bad" side.

Should I buy, sell or hold Scan Steels Ltd?

Why is Scan Steels Ltd falling/rising?

As of 16-Mar, Scan Steels Ltd's stock price is at Rs. 28.00, down 2.85% and hitting a 52-week low. The stock has significantly underperformed the Sensex, with a 10.26% decline over the past month and a 22.82% drop year-to-date, indicating a bearish trend and reduced investor interest.

As of 16-Mar, Scan Steels Ltd's stock price is falling, currently at Rs. 28.00, which represents a decrease of Rs. 0.82 or 2.85%. The stock has hit a new 52-week low of Rs. 27.1 today, indicating a significant decline in value. Over the past week, the stock has underperformed the benchmark Sensex, with a return of -0.71% compared to the Sensex's -2.66%. However, the longer-term performance shows a more concerning trend, with the stock down 10.26% over the past month and 22.82% year-to-date, significantly worse than the Sensex's decline of 11.40% in the same period.<BR><BR>Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically indicates a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 41% against the 5-day average, suggesting reduced interest from investors. Overall, these factors contribute to the downward pressure on Scan Steels Ltd's stock price.

Which are the latest news on Scan Steels?