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Swing Capital

Scan Steels Ltd

NSE: SCANSTL BSE: 511672Metal

Incorporated in 1990, Scan Steels Ltd manufactures steel products and generates power for captive consumption[1]

₹39.4
52W: ₹24.4 — ₹48.5
PE 12.1 · Book ₹75.3 · -48% vs book
Market Cap₹240 Cr
Stock P/E12.1Price to Earnings
ROCE7.05%Return on Capital
ROE4.61%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.54 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 2.75% over past five years.
  • −Company has a low return on equity of 4.50% over last 3 years.

Shareholding Pattern

Promoters48.89%
FIIs2.05%
DIIs0%
Public49.06%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.11%48.11%48.76%▲0.648.76%48.76%48.76%48.76%48.89%▲0.1
FIIs0%0%2.05%▲2.02.05%2.05%2.05%2.05%2.05%
DIIs0%0%0%0%0%0%0%0%
Public51.89%51.9%▲0.049.2%▼2.749.19%▼0.049.19%49.2%▲0.049.2%49.06%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales219.48256.98233.55139.95174.51241.19232132.96191.64281.66
Expenses210.84240.79209.5137.5164.58232.26212.68127.28181.22267.98
Operating Profit8.6416.1924.052.459.938.9319.325.6810.4213.68
OPM %3.94%6.3%10.3%1.75%5.69%3.7%8.33%4.27%5.44%4.86%
Net Profit1.578.1114.57-1.352.83.5810.04-0.253.16.91
EPS ₹0.31.552.78-0.260.480.611.71-0.040.531.18

AI Insights

Revenue Trend

Mar 2026 revenue at ₹838Cr, up 6.2% YoY. OPM at 6%.

Debt Position

Borrowings at ₹72Cr. Debt-to-equity ratio: 0.19x. Healthy balance sheet.

Capex Cycle

CWIP at ₹41Cr (16% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 2.05% (+2.05pp change). Promoters hold 48.89%.

Margin & Efficiency

ROCE declining from 9% (Mar 2015) to 7% (Mar 2026). Working capital days: 42.

Valuation

PE 12.1x with 7.05% ROCE. Price is -48% above book value of ₹75.3. Dividend yield: 0%.

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