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Scan Steels
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Scan Steels Ltd(formerly Clarus Infrastructure Realties Ltd) was incorporated on 18th January 1994 as a Private Limited Company in the name of Mittal Securities,then it was converted in the Public Limited Company on 18th October 1994. This Company was formed with an object to engage itself in the business of Finance Investment and Trading in Shares and Securities. In 1994 MSFL came out with an public issue of 7,50,000 Equity Sharess of Rs.10 each for cash at par aggregating to Rs. 75 Lakhs. This issue was to part finance the plan to expand and diversify its business activities.
Later the company's name was changed to Clarus Finance and Securities Ltd and then again the name was changed to Clarus Infrastructure Realties Ltd.
In 2010,the directors have considered the proposition of a scheme of arrangement with M/S Scan Steel Limited . Under this scheme of arrangement Scan Steel Limited a renowned steel company mainly into re-rolling, Iron bar and having an integrated Steel Plant located at Rajgangpur, Odisha decided to merge with the company. The Networth of the company is more than Rs. 180 Crore. The Board based on the method of Networth valuation decided to amalagmate both the companies in the near future subject to approval and compliance of other statutory permissions.
The Hon'ble High Court of Bombay vide its order dated 11 May 2012 has approved the scheme of merger of Scan Steels Ltd with Clarus Infrastructure Realties Ltd,however High Court of Odisha was pending during the year.The High Court of Odisha vide its order dated 25 February, 2014 has approved the same. the scheme of amalgamation became effective upon filing of form INC-28 with Registrar of Companies, Maharashtra on 12 August, 2014.
Pursuant to Scheme of Merger the Name of the Company has been changed to M/s. Scan Steels Limited w.e.f 26 September 2014. The company has its listings on the BSE Limited in India. The company is engaged in the manufacturing of TMT Re-Bars, Sponge Iron, MS Billets/ Ingots and also generating power for captive consumption. The company has its manufacturing facilities in Odisha and Karnataka.
Pursuant to Scheme of Merger for every 10 Equity Shares of Rs10/-(Rupees Ten only) each held by Shareholders in M/s. Scan Steels Limited, 8.03 Equity Share of Rs 10/- (Rupees Ten Only) each credited as fully paid-up in the Equity Share Capital of the M/s. Clarus Infrastructure Realties Limited. As per the above ratio, the Company has allotted 2,00,00,000 equity shares pursuant to the scheme of merger on 18.03.2014 to the shareholders of transferor company(i.e.Scan Steels Ltd).
During the FY2016, the company has issued and allotted 80,00,000 (Eighty Lakhs Only) Warrants Convertible in to Equity Shares of face value of Rs 10 each at a premium of Rs 40 per share. Further the allottees had exercised their right to convert 44,53,330 warrants into equity shares of Rs 10/-.
The aggregate outstanding amount of Warrants of the company as on 31 March 2016 was Rs 4,43,33,500/- representing 35,46,670 warrants convertible into equity shares.
During the FY2017,the company has allotted 27,46,665 Equity Shares of Rs10 / - each on Conversion of Warrants in to Equity Shares.
The Company produced 62,542 tonnes (MT) of TMT Rods in FY 2016-17, increased by 27.58% in compare to the previous year and sold 46,611.00 MT, decreased by 21.65% in compare to previous year.
During the FY2018,the company has allotted 8,00,000 Equity Shares of Rs 10 / - each on Conversion of Warrants in to Equity Shares.
The Company produced 68957.080 tonnes (MT) of TMT Rods in FY 2017-18, increased by 10.25% in compare to the previous year and sold 69281.020MT, increased by 6.72% in compare to previous year.
The company is having status of ISO 9001, ISO 14001 and ISO 18001 certification, which is internationally recognized for the production, quality control and Environmental as well as OHSAS respectively.
The Company produced 96,506.560 tonnes (MT) of TMT Rods in FY 2018-19, increased by 39.95% in comparison to the previous year.
During the year 2018-19, the rating of the company has been upgraded to BB (-) (IVR Double B minus with stable outlook) for Long Term Debt and Fund Based Facilities and IVR A4 (IVR A Four) for Short Term Non-Fund based Facilities from Informerics Valuation and Rating Pvt Ltd.
The Company has produced 1,22,355 metric tonnes (MT) of TMT Rods in FY 2019-20, increased by 26.78% in comparison to the previous year.
The revenue of the Company has been impacted and the most of the manufacturing facilities of the Company were disrupted during the First half of FY2020-21.
Scan Steels share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Scan Steels indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Scan Steels is valued compared to its competitors.
Scan Steels PE ratio helps investors understand what is the market value of each stock compared to Scan Steels 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Scan Steels evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Scan Steels generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Scan Steels in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Scan Steels shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Scan Steels compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Scan Steels over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Scan Steels helps investors get an insight into when they can enter or exit the stock. Key components of Scan Steels Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Scan Steels shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Scan Steels ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Scan Steels provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Scan Steels highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Scan Steels .
The balance sheet presents a snapshot of Scan Steels ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.