Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep
Source: Bse
Scan Steels Limited (SCANSTL)
Small CapMetals stocks · Small cap · NSE
Scan Steels Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result28 Jul, 11:12 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
47NeutralSMA20 -14.3% / mo · MACD +
Stock trend: 46
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SCANSTLD candles · FIT view+48.4%Latest close ₹50.00 on 2026-10-19
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-1.0%
RSI
44
MACD hist
0.38
52W pos
50%
2026-10-19O ₹50.49H ₹50.49L ₹49.00C ₹50.00Vol 5,927 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SCANSTLNifty MetalNifty 500
- SCANSTL
- +6.7%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- +12.2 pp
Chart stats
19 Oct 2026- From 52W high
- -27.3%
- 52W range position
- 50%
- ATR (14)
- 5.5%
- Volume vs 20D
- 0.20x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹45.3 - ₹54.2
₹68.8
₹31.4 - ₹68.8
₹2.8
Latest completed session
20-session average
44.6% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good70
Revenue +11.2% · PAT +30.0% YoY
Technical
Neutral47
Price trend and sector-relative-strength timing.
Valuation
Legacy model+65.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 70/100Rev +11% YoY · PAT +30% YoY · margin expansion · operating leverage
Filed 28 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹258 Cr | +11.2% | -8.5% |
| EBITDA | ₹23 Cr | +21.1% | +64.3% |
| Operating margin | 9.0% | +100 bps | +410 bps |
| PAT | ₹13 Cr | +30.0% | +62.5% |
| PAT margin | 5.0% | +73 bps | +220 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 11.60
- P/B
- 0.62
- EV/EBITDA
- 5.22
- Market Cap
- 286.00Cr
Profitability
- ROE
- 4.95%
- ROCE
- 7.41%
- ROA
- 4.11%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -5.67%
- EPS 5Y
- 13.62%
- Revenue 3Y
- -8.00%
- EPS 3Y
- 21.00%
Balance Sheet
- Debt/Equity
- 0.17
- Interest Coverage
- 5.89×
- Altman Z
- 3.92
- Book Value
- 76.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 37.00 Cr
- EPS TTM
- 4.14
Shareholding
- Promoter Hold
- 49.29%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 51%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 838+6.2% vs prev
Net Profit
₹ CrLatest: 22.0+0.0% vs prev
Return on Equity
%Latest: 4.9-5.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 44. Wait for confirmation.
- SMA20 falling (~16.7% over last month) — short-term momentum negative.
- RSI(14) at 44 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 27% off 52W high · 59% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
85
RS percentile
Insufficient history
1M return
-5.6%
3M return
+6.7%
6M return
+47.7%
1Y return
-
RS 1D
+2
RS 20D
-
Sector rank
#4
Industry rank
#14
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
leading
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
127 observations
19 Oct 2026Value 153.92+1.02%
RS vs Nifty 500154
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation27/30
Growth15/25
Quality0/20
Balance Sheet10/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
-3
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 65.3%.
- Valuation contributes 27/30 to the score.
- Balance sheet contributes 10/15 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
11.6
PB
0.6
EV/EBITDA
5.2
ROE
5.0%
ROCE
7.4%
FCF Yield
—
Debt/Equity
0.2
MoS
+65.3%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+65.3%
Previous: +65.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
54
54
54
54
53
53
54
54
54
54
54
54
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹84.25
+40.7% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹144.07
+65.3% MoS
PEG
0.70
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MANAKALUCO
Small
Manaksia Aluminium Company Limited
Mining
match 94
36
25.0
5.5%
+35%
WATCHLIST
VSTL
Small
Vibhor Steel Tubes Limited
Mining
match 94
41
24.6
5.0%
+29%
WATCHLIST
VRAJ
Small
Vraj Iron and Steel Limited
Mining
match 93
64
11.2
7.8%
+67%
UNDERVALUED
MCL
Small
Madhav Copper Limited
Mining
match 90
19
31.3
9.4%
-289%
OVERVALUED
SHYAMCENT
Small
Shyam Century Ferrous Limited
Mining
match 90
32
7.4
1.1%
-310%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Scan Steels Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 36th percentile within Metals. Main check: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Metals: 36th pctile, median 70 · Small: 47th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
40
weak · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROCE is low at 7%.
- ▸ROE is low at 5.1%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Scan Steels Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Newspaper Advertisement - 33rd Annual General Meeting (AGM)
Source: Bse
Annual report
Intimation Regarding Dispatch Of Letter To Shareholders Whose E-Mail Addresses Are Not Registered With The Company/Registrar & Transfer Agent/Depositories 3 Sep - Scan Steels dispatched AGM notice and FY2025-26 annual report access details to shareholders.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.