Scan Steels Limited (SCANSTL.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

+110.9%

₹88.52

vs ₹41.97 price

Levered DCF

₹44.87

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.67×	9.72×	16.25×	9.45×	3.21×	3.11×	262.73×	31.5×
P/B	0.37×	0.5×	0.85×	0.4×	0.46×	0.32×	0.31×	0.78×
P/S	0.2×	0.27×	0.35×	0.13×	0.16×	0.13×	0.13×	0.3×
EV / EBITDA	4.78×	5.25×	8.12×	4.18×	2.6×	2.33×	5.23×	7.98×
Gross margin	22.1%	30.2%	4.6%	9.0%	13.0%	14.7%	12.1%	11.5%
Operating margin	4.0%	3.8%	3.5%	3.4%	7.4%	7.5%	3.8%	4.4%
Net margin	2.6%	2.7%	2.2%	1.4%	5.1%	4.2%	0.0%	1.0%
Current ratio	1.81×	1.85×	1.56×	1.86×	2.29×	1.76×	1.34×	1.3×
Debt / equity	0.16×	0.15×	0.3×	0.26×	0.25×	0.26×	0.47×	0.51×
Interest coverage	3.94×	3.62×	3.36×	1.86×	7.73×	5.07×	1.7×	2.11×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	5.1%	5.2%	4.2%	14.5%	10.2%	0.1%	2.5%
Return on invested capital	4.6%	4.4%	4.6%	5.0%	11.6%	8.4%	0.1%	2.8%
Return on assets	3.6%	3.7%	3.5%	2.7%	9.4%	6.5%	0.1%	1.4%
Free cash flow yield	-2.6%	-5.8%	20.1%	14.0%	24.9%	32.5%	33.4%	-0.0%
Earnings yield	13.0%	10.3%	6.2%	10.6%	31.1%	32.2%	0.4%	3.2%
Enterprise value	₹2.3B	₹2.6B	₹4.3B	₹2.3B	₹2.3B	₹1.7B	₹2.1B	₹3.4B
Net debt / EBITDA	1.37×	1.04×	1.65×	1.54×	0.75×	1.02×	3.13×	3.11×
Cash conversion cycle (days)	100	112	77	67	65	82	77	70