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Scan Steels

₹74 0.5 | 0.7%

Market Cap ₹387 Cr.

Stock P/E 18.4

P/B 1

Current Price ₹74

Book Value ₹ 75.1

Face Value 10

52W High ₹94.9

Dividend Yield 0%

52W Low ₹ 30.4

Scan Steels Research see more...

Overview Inc. Year: 1994Industry: Steel & Iron Products

Scan Steels Ltd is a renowned company in the steel industry that specializes in the manufacturing and distribution of high-quality steel products. With a strong presence in the market, Scan Steels has established itself as a trusted brand for its customers. The company offers a diverse range of steel products, including bars, rods, pipes, and structural steel, catering to various industries such as construction, infrastructure, and manufacturing. With a commitment to excellence, Scan Steels ensures that its products meet stringent quality standards and are produced using advanced manufacturing techniques. The company's state-of-the-art facilities, coupled with a skilled workforce, enable it to deliver superior products that meet the evolving needs of its customers. Scan Steels Ltd prides itself on its customer-centric approach, timely deliveries, and competitive pricing, making it a preferred choice in the steel industry.

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Scan Steels Share Price

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Scan Steels Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 238 161 260 341 307 210 299 227 262 219
Other Income 1 1 0 0 1 0 3 1 0 0
Total Income 239 162 260 341 307 211 302 228 262 220
Total Expenditure 205 154 253 303 273 216 295 215 251 211
Operating Profit 35 8 7 38 35 -5 7 13 11 9
Interest 2 2 2 2 4 2 3 3 2 3
Depreciation 3 3 3 3 3 3 3 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 29 2 2 33 28 -11 1 6 5 2
Provision for Tax 7 0 -0 8 7 -2 0 1 2 1
Profit After Tax 22 2 2 25 21 -9 1 5 3 2
Adjustments 0 -0 0 0 0 -0 0 0 0 0
Profit After Adjustments 22 2 2 25 21 -9 1 5 3 2
Adjusted Earnings Per Share 4.2 0.4 0.4 4.7 3.9 -1.6 0.2 0.9 0.6 0.3

Scan Steels Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 425 423 448 353 378 507 695 668 732 1000 1091 1007
Other Income 2 1 2 2 2 1 1 1 4 2 6 4
Total Income 428 425 450 355 380 508 696 669 736 1002 1097 1012
Total Expenditure 429 392 396 345 361 449 652 627 663 914 1042 972
Operating Profit -2 33 53 10 18 59 44 41 73 88 55 40
Interest 35 34 36 31 13 36 15 15 11 10 20 11
Depreciation 16 17 12 12 20 17 13 13 14 13 13 15
Exceptional Income / Expenses 0 0 -0 -0 0 0 0 0 0 0 0 0
Profit Before Tax -52 -18 5 -33 -15 5 17 13 48 66 22 14
Provision for Tax 2 1 3 -31 -3 7 10 13 18 15 7 4
Profit After Tax -54 -19 3 -2 -12 -2 7 0 31 51 15 11
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -54 -19 3 -2 -12 -2 7 0 31 51 15 11
Adjusted Earnings Per Share -14.4 -5.1 0.7 -0.4 -2.3 -0.4 1.3 0.1 5.9 9.7 2.9 2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 18% 17% 10%
Operating Profit CAGR -38% 10% -1% 0%
PAT CAGR -71% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 145% 37% 15% 6%
ROE Average 4% 10% 7% -4%
ROCE Average 9% 14% 11% 6%

Scan Steels Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 234 224 192 259 261 263 269 269 300 351 366
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 59 50 72 37 37 94 81 72 49 54 40
Other Non-Current Liabilities 19 20 21 -17 -20 -14 -7 6 23 34 35
Total Current Liabilities 325 293 312 303 265 186 120 131 102 100 125
Total Liabilities 636 587 597 582 543 530 463 478 474 539 566
Fixed Assets 275 256 264 295 284 293 284 272 269 260 281
Other Non-Current Assets 17 42 46 106 104 26 23 29 26 48 52
Total Current Assets 344 289 286 181 155 212 156 176 180 230 233
Total Assets 636 587 597 582 543 530 463 478 474 539 566

Scan Steels Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 23 15 13 1 6 13 26 3 2 3 22
Cash Flow from Operating Activities 40 63 70 70 3 -69 4 30 35 49 53
Cash Flow from Investing Activities -22 -25 -25 -93 3 57 -0 -7 -0 -26 -32
Cash Flow from Financing Activities -27 -41 -46 28 1 26 -27 -24 -34 -4 -33
Net Cash Inflow / Outflow -8 -3 -1 5 7 13 -23 -1 1 19 -12
Closing Cash & Cash Equivalent 15 13 11 6 13 26 3 2 3 22 10

Scan Steels Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -14.38 -5.08 0.71 -0.37 -2.29 -0.38 1.27 0.06 5.87 9.7 2.93
CEPS(Rs) -10.2 -0.55 3.92 2.18 1.59 2.93 3.66 2.47 8.54 12.15 5.46
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 46.82 41.79 42.16 53.06 50.64 50.22 51.3 51.39 57.33 67.02 69.91
Core EBITDA Margin(%) -0.83 6.76 10.37 2.07 3.89 11.19 6.23 6.01 9.44 8.6 4.49
EBIT Margin(%) -3.72 3.38 8.31 -0.56 -0.41 8.08 4.57 4.26 8.12 7.54 3.82
Pre Tax Margin(%) -11.09 -3.92 1.09 -8.52 -3.57 1.06 2.46 1.98 6.6 6.58 2.02
PAT Margin (%) -11.55 -4.12 0.54 -0.47 -2.82 -0.38 0.96 0.05 4.2 5.08 1.4
Cash Profit Margin (%) -8.19 -0.45 3 2.75 1.97 2.96 2.76 1.94 6.11 6.36 2.62
ROA(%) -16.54 -3.14 0.45 -0.31 -2.1 -0.37 1.34 0.07 6.46 10.03 2.77
ROE(%) -58.34 -11.46 1.69 -0.87 -4.54 -0.75 2.5 0.12 10.8 15.6 4.27
ROCE(%) -7.13 3.43 9.26 -0.47 -0.36 8.98 7.2 6.81 14.7 17.69 8.92
Receivable days 31.75 69.82 67.67 65.64 46.63 40.25 24.53 17.31 14.57 15.2 16.36
Inventory Days 84.57 142.71 113.45 116.36 71.77 60.58 54.07 62.54 63.54 46.18 47.31
Payable days 52.39 101.84 84.56 79.19 76.24 47.42 16.36 16.65 15.72 7.84 6.96
PER(x) 0 0 44.37 0 0 0 30.05 262.73 3.11 3.21 9.46
Price/Book(x) 1.01 1.27 0.75 0.28 0.24 0.43 0.74 0.31 0.32 0.46 0.4
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.96 0.96 0.8 0.82 0.69 0.56 0.5 0.34 0.26 0.25 0.23
EV/Core EBITDA(x) -239.78 12.34 6.75 27.93 14.27 4.83 7.91 5.51 2.57 2.8 4.5
Net Sales Growth(%) 477.67 -0.5 5.75 -21.11 6.96 34.18 37.21 -3.98 9.67 36.62 9.06
EBIT Growth(%) -705.46 189.89 160.97 -105.28 20.36 2527.27 -24.22 -10.39 109.04 26.78 -44.69
PAT Growth(%) -1316.98 64.71 113.99 -167.83 -548.63 83.33 437.71 -95.2 9538.15 65.14 -69.83
EPS Growth(%) -567.26 64.71 113.99 -152.53 -514.11 83.59 437.71 -95.2 9543.35 65.14 -69.83
Debt/Equity(x) 1.37 1.38 1.58 0.86 0.81 0.75 0.57 0.54 0.32 0.3 0.31
Current Ratio(x) 1.06 0.98 0.92 0.6 0.59 1.13 1.3 1.34 1.76 2.29 1.86
Quick Ratio(x) 0.42 0.45 0.43 0.28 0.33 0.58 0.44 0.38 0.5 1.06 0.59
Interest Cover(x) -0.5 0.46 1.15 -0.07 -0.13 1.15 2.17 1.87 5.34 7.9 2.12
Total Debt/Mcap(x) 2.86 1.09 2.12 3.1 3.39 1.73 0.77 1.72 1 0.65 0.77

Scan Steels Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 48.11 48.11 48.11 48.11 48.11 48.11 48.11 48.11 48.11 48.11
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 51.89 51.89 51.89 51.89 51.89 51.89 51.89 51.89 51.89 51.89
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 7.84 to 6.96days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 48.11%.
  • Company has a low return on equity of 10% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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