Scan Steels reports standalone net loss of Rs 8.61 crore in the September 2022 quarter

Scan Steels standalone net profit rises 4.86% in the March 2022 quarter

Scan Steels Standalone December 2021 Net Sales At Rs 259.83 Crore, Up 27.71% Y-o-Y

Scan Steels standalone net profit declines 66.72% in the December 2021 quarter

Scan Steels standalone net profit rises 781.82% in the September 2021 quarter

The revision in the ratings is driven by the improvement in the company’s financials in FY21.

Infomerics revises ‘IVR BBB’ on Scan Steels’ credit ratings with stable outlook

Scan Steels standalone net profit rises 12011.11% in the June 2021 quarter

Scan Steels Standalone March 2021 Net Sales At Rs 240.59 Crore, Up 60.3% Y-o-Y

Scan Steels reports standalone net profit of Rs 23.66 crore in the March 2021 quarter

The revision in the ratings is driven by the improvement in the company’s financials in the 9MFY21 financials along with an improved financial risk profile supplemented by experienced promoters and management team.

Infomerics revises ‘IVR BB+’ on Scan Steels’ credit ratings with stable outlook

Scan Steels Standalone March 2020 Net Sales At Rs 150.09 Crore, Down 14.98% Y-o-Y

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Scan Steels Limited is a steel making company engaged in manufacturing thermo mechanical treatment (TMT) re bars/flat/angel/chennel, MS billets or ingot and sponge iron, and trading sales-steel products.

Scan Steels Ltd