Is Scan Steels a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Scan Steels Ltd is a average quality company .

Is Scan Steels undervalued or overvalued?

The key valuation ratios of Scan Steels Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Scan Steels share price return in the past 10 years?

Scan Steels Ltd share price has appreciated 2.5% annually (CAGR) over the past ten years.

Is Scan Steels a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Scan Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Scan Steels Ltd - Stock Valuation and Financial Performance

Name: Scan Steels
Brand: Scan Steels

BSE: 511672 | NSE: | Steel & Iron Products | Small Cap

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Scan Steels Share Price

₹48.88 -0.12 -0.24%
as on 20-Dec'24 16:59

10 Year X-Ray of Scan Steels:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.3%	-0.5%	-0.4%	9%	7.2%	6.8%	14.7%	17.7%	8.9%	7%	-
Value Creation Index ⓘ	-0.3	-1.0	-1.0	-0.4	-0.5	-0.5	0.1	0.3	-0.4	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	448	353	378	507	695	668	732	1,000	1,091	965	850
Sales YoY Gr.	-	-21.1%	7%	34.2%	37.2%	-4%	9.7%	36.6%	9.1%	-11.5%	-
Adj EPS ⓘ	0.7	-0.4	-2.3	-0.4	1.3	0.1	5.5	9.7	2.3	3.3	3.9
YoY Gr.	-	-148.7%	NA	NA	NA	-95.3%	9000%	76.7%	-76%	43.1%	-
BVPS (₹) ⓘ	42.2	53.1	50.6	50.2	51.3	51.4	57.3	67	69.9	75.1	71.3
Adj Net Profit ⓘ	2.8	-1.8	-11.8	-2	6.7	0.3	28.6	50.5	12.1	17.4	23
Cash Flow from Ops. ⓘ	69.8	70.3	3.2	-69.5	4.1	30.3	35.3	48.8	53.3	78.3	-
Debt/CF from Ops. ⓘ	3.6	3.2	66.1	-2.9	37.3	4.8	2.7	2.2	2.1	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.9%	6.8%	9.7%	-11.5%
Adj EPS ⓘ	18.2%	21.2%	-15.3%	43.1%
BVPSⓘ	6.6%	7.9%	9.4%	7.5%
Share Price	2.5%	18.5%	13.1%	-14.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	1.4	-0.8	-4.6	-0.8	2.5	0.1	10	15.5	3.4	4.5	5.3
Op. Profit Mgn % ⓘ	11.5	2.3	4.3	11.5	6.2	6	9.4	8.6	4.5	5	6
Net Profit Mgn % ⓘ	0.6	-0.5	-3.1	-0.4	1	0.1	3.9	5.1	1.1	1.8	2.7
Debt to Equity ⓘ	1.6	0.9	0.8	0.8	0.6	0.5	0.3	0.3	0.3	0.3	0
Working Cap Days ⓘ	215	269	224	157	101	103	100	81	84	100	64
Cash Conv. Cycle ⓘ	116	124	58	66	66	68	66	55	58	72	25

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 5.30%

Sales growth has been subdued in last 3 years 9.66%

Net Profit has been subdued in last 3 years -15.28%

Sales growth is not so good in last 4 quarters at -19.20%

Latest Financials - Scan Steels Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.9	3.6
TTM Sales (₹ Cr.)	850	965
BVPS (₹.) ⓘ	71.3	71.9
Reserves (₹ Cr.) ⓘ	354	363
P/BV ⓘ	0.69	0.68
PE ⓘ	12.51	13.61

From the Market
52 Week Low / High (₹)	42.00 / 94.90
All Time Low / High (₹)	1.50 / 260.00
Market Cap (₹ Cr.)	286
Equity (₹ Cr.)	58.6
Face Value (₹)	10
Industry PE ⓘ	22.2

Management X-Ray of Scan Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

13.09

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Scan Steels

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Scan Steels

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	448	353	378	507	695	668	732	1,000	1,091	965
Operating Expenses ⓘ	396	345	361	449	652	627	663	914	1,042	917
Manufacturing Costs	65	54	68	79	107	122	122	122	131	144
Material Costs	318	277	278	350	513	470	508	754	867	730
Employee Cost	10	11	12	14	20	26	26	27	30	31
Other Costs ⓘ	4	3	4	6	12	10	7	10	12	12
Operating Profit ⓘ	51	8	16	58	43	40	69	86	49	48
Operating Profit Margin (%)	11.4%	2.3%	4.3%	11.5%	6.2%	6.0%	9.4%	8.6%	4.5%	5.0%
Other Income ⓘ	2	2	2	1	1	1	4	2	6	2
Interest ⓘ	36	31	13	36	15	15	11	10	20	10
Depreciation ⓘ	12	12	20	17	13	13	14	13	13	15
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	5	-33	-15	5	17	13	48	66	22	24
Tax ⓘ	3	-31	-3	7	10	13	18	15	7	6
Profit After Tax	3	-2	-12	-2	7	0	31	51	15	18
PAT Margin (%)	0.6%	-0.5%	-3.1%	-0.4%	1.0%	0.0%	4.2%	5.1%	1.4%	1.8%
Adjusted EPS (₹)	0.7	-0.4	-2.3	-0.4	1.3	0.1	5.9	9.7	2.9	3.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	159	259	261	263	269	269	300	351	366	400
Share Capital ⓘ	38	49	52	52	52	52	52	52	52	59
Reserves ⓘ	122	210	210	211	216	217	248	298	314	341
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	233	205	195	187	145	134	84	94	95	116
Long Term Debt	72	37	37	94	81	72	49	54	40	6
Short Term Debt	161	169	158	93	64	62	35	41	55	111
Trade Payables	99	57	59	32	14	29	15	17	16	5
Others Liabilities ⓘ	105	60	28	48	35	46	75	76	89	84
Total Liabilities ⓘ	597	582	543	530	463	478	474	539	566	605
Fixed Assets
Gross Block	377	419	420	441	444	445	451	455	489	502
Accumulated Depreciation	112	124	136	148	160	173	183	195	208	222
Net Fixed Assetsⓘ	264	295	284	293	284	272	269	260	281	279
CWIP ⓘ	29	0	9	0	1	2	0	5	2	1
Investmentsⓘ	0	2	2	1	1	1	0	8	13	26
Inventories	152	95	69	103	103	126	129	124	159	176
Trade Receivables	86	53	54	60	33	30	28	55	43	25
Cash Equivalents	11	6	13	26	3	2	3	22	10	32
Others Assetsⓘ	54	131	112	47	39	45	44	65	59	67
Total Assets ⓘ	597	582	543	530	463	478	474	539	566	605

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	70	70	3	-69	4	30	35	49	53	78
PBT ⓘ	3	-33	-15	5	17	13	48	66	22	24
Adjustment ⓘ	48	43	28	50	26	27	20	20	27	23
Changes in Working Capital ⓘ	19	61	-10	-124	-35	-10	-34	-32	10	37
Tax Paid ⓘ	-1	0	0	-1	-4	0	0	-5	-5	-6
Cash Flow From Investing Activity ⓘ	-25	-93	3	57	0	-7	0	-26	-32	-26
Capex	-23	-14	-10	-12	-4	-2	-4	-8	-27	-12
Net Investments	0	0	0	0	0	0	3	-7	-5	-10
Others ⓘ	-2	-79	13	69	4	-5	1	-11	1	-4
Cash Flow From Financing Activityⓘ	-46	28	1	26	-27	-24	-34	-4	-33	-30
Net Proceeds from Shares ⓘ	-34	94	14	4	0	0	0	0	0	14
Net Proceeds from Borrowing ⓘ	0	0	0	0	-13	-9	-23	5	-14	-34
Interest Paid ⓘ	-35	-30	-13	-36	-14	-15	-11	-9	-19	-10
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	23	-36	0	58	0	0	0	0	0	0
Net Cash Flow ⓘ	-1	5	7	13	-23	-1	1	19	-12	22

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	1.69	-0.87	-4.54	-0.75	2.5	0.12	10.8	15.6	4.27	4.67
ROCE (%)	9.26	-0.47	-0.36	8.98	7.2	6.81	14.7	17.69	8.92	6.95
Asset Turnover Ratio	0.83	0.66	0.74	0.97	1.4	1.42	1.54	1.98	1.98	1.65
PAT to CFO Conversion(x)	23.33	N/A	N/A	N/A	0.57	N/A	1.13	0.96	3.53	4.33
Working Capital Days
Receivable Days	68	66	47	40	25	17	15	15	16	13
Inventory Days	113	116	72	61	54	63	64	46	47	63
Payable Days	85	79	76	47	16	17	16	8	7	5

Scan Steels Ltd Stock News

Scan Steels Ltd FAQs

What is the share price of Scan Steels?

Company share prices are keep on changing according to the market conditions. The closing price of Scan Steels on 20-Dec-2024 16:59 is ₹48.88.

What is the market cap of Scan Steels?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Scan Steels stood at ₹286.4.

What is the P/E ratio of Scan Steels?

The latest P/E ratio of Scan Steels as of 20-Dec-2024 16:59 is 12.51.

What is the P/B ratio of Scan Steels?

The latest P/B ratio of Scan Steels as of 20-Dec-2024 16:59 is 0.69.

What is the 52-week high and low of Scan Steels?

The 52-week high of Scan Steels is ₹94.90 and the 52-week low is ₹42.00.

What is the TTM revenue of Scan Steels?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Scan Steels is ₹850.0 ( Cr.) .

About Scan Steels Ltd

Scan Steels Ltd is self-sufficient in almost all aspects of steel making mainly producing TMT rods used for construction activities across different sectors. It was incorporated on December 11, 1990 as a private limited company and subsequently converted to a public limited company on March 18, 1996 and its commercial operation started on April 1. 1997. The company was a pioneer in starting DRI unit of smaller capacity in the state of Odisha in the year 1999 and has grown to be the largest TMT manufacturing company in Odisha through secondary route of steel making.

The company is listed on the BSE and has its manufacturing facilities in three places in and around the industrial town of Rajgangpur, Odisha which is an integrated steel plant having its own captive power plant with all other facilities like SMS & DRI units, required for steel making. The unit was started in the year 1996 in Ramabhal village with one rolling mill and was subsequently developed into an integrated steel plant by backward and forward integration within next 23 years. Scan Steels Limited’s registered office is located at Mumbai and the corporate office is located at Bhubaneswar and the works office is located in Rajgangpur, Odisha.

The company has changed its name from Clarus Finance & Securities Ltd to Clarus Infrastructure Realties Ltd. In March 2012. Further, the name has been changed to Scan Steel in September 2014.

Business area of the company

The company is primarily engaged in manufacturing of Iron & Steel products like MS Billets & TMT rods through secondary steel manufacturing route and over the years has improvised by using new technologies and processes to minimize the production cost and increase efficiencies. The company has worked for wider market penetration by installing manufacturing facilities in four places in the state of Odisha & Karnataka and minimizing energy dependence on the state grid by installing a captive power plant in Odisha.

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