Scan Projects Ltd. (SCANPRO.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-267.8%

-₹165.15

vs ₹98.44 price

Levered DCF

₹445.34

After debt service

Piotroski score

—

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	48.21×	30.68×	193.21×	64.11×	18.7×	163.18×	258.65×	40.8×
P/B	5.56×	3.24×	2.18×	1.08×	1.11×	1.17×	1.18×	1.19×
P/S	2.2×	1.47×	1.32×	0.88×	0.88×	1.69×	1.63×	1.26×
EV / EBITDA	33.16×	19.66×	66.62×	22.77×	12.9×	21.15×	27.61×	16.73×
Gross margin	20.3%	41.5%	31.0%	27.7%	26.1%	35.3%	39.7%	31.7%
Operating margin	4.7%	2.2%	12.0%	6.8%	7.1%	5.8%	4.6%	6.8%
Net margin	4.6%	4.8%	0.7%	1.4%	4.7%	1.0%	0.6%	3.1%
Current ratio	3.96×	4.8×	5.72×	8.03×	2.89×	3.57×	2.73×	2.7×
Debt / equity	0.1×	0.02×	0.02×	0.02×	0.2×	0.17×	0.21×	0.09×
Interest coverage	60.91×	15.85×	46.62×	6.68×	10.24×	1.29×	1.4×	2.82×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.5%	10.6%	1.1%	1.7%	5.9%	0.7%	0.5%	2.9%
Return on invested capital	8.0%	3.5%	11.5%	5.1%	5.3%	1.3%	1.6%	4.3%
Return on assets	8.7%	8.4%	0.9%	1.4%	3.8%	0.5%	0.3%	2.0%
Free cash flow yield	1.6%	17.2%	3.4%	19.1%	-4.6%	-1.0%	-10.5%	13.5%
Earnings yield	2.1%	3.3%	0.5%	1.5%	5.3%	0.6%	0.4%	2.5%
Enterprise value	₹339.5M	₹164.3M	₹101.4M	₹51.2M	₹60.4M	₹58.2M	₹59.4M	₹52.5M
Net debt / EBITDA	-0.53×	-1.35×	-2.65×	-0.18×	1.89×	2.42×	3.64×	0.29×
Cash conversion cycle (days)	52	67	130	132	168	258	168	45