511672

Scan Steels financials

Market cap
₹342 Cr
Sector
Metals & Mining

What Scan Steels does

Scan Steels Limited is an integrated steel producer, running its own Sponge Iron Plants, Induction Furnaces, a Billet-Caster, Rolling Mills and a captive Power Plant, making it largely self-sufficient across the steelmaking chain. Its flagship brand, SHRISHTI TMT, is sold to both institutional/dealer (B2B) and retail (B2C) customers and has a strong presence in Odisha and neighbouring states, including rural markets across eastern India. The company runs four manufacturing units — three in the Rajgangpur/Sundergarh belt of Odisha and one in Ballari, Karnataka.

Segments

  • Sponge Iron
  • Billets
  • TMT Bars / Rolling Mills
  • Captive Power
Manufacturing units
4 (3 at Rajgangpur/Sundergarh, Odisha + 1 at Ballari, Karnataka)
Integrated production facilities
Sponge Iron Plants, Induction Furnaces, Billet-Caster, Rolling Mills & captive Power Plant
States of operation
Odisha, Karnataka
Quality certifications
ISO 9001, ISO 14001, ISO 45001; IS 1786, IS 2062, IS 2830
Market reach
Odisha and neighbouring states, with brand presence across urban and rural eastern India
Customer channels
B2B and B2C
Founded 1994Headquarters Mumbai, Maharashtra (registered office); Bhubaneswar, Odisha (corporate office) Company website

Quarterly results

Q1 FY27: revenue up 11.2%, net profit up 30.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue140 175 241 232 133 −5%192 +10%282 +17%258 +11%
EBITDA2 10 9 19 6 +200%10 +0%14 +56%23 +21%
Net profit-1 3 4 10 0 +100%3 +0%7 +75%13 +30%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +65.7% 1Y

₹30.0₹40.0₹50.0₹60.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹34.39 on 10 Sept 2025 → ₹57. High ₹66.25 (5 Aug 2026), low ₹25.49 (27 Mar 2026).

Financials, as filed

Revenue fell 8.4% a year over 3 years, FY23 to FY26. Operating margin widened to 5.8%.

Year endingFY23FY24FY25FY26
Revenue₹1.1k Cr₹965 Cr₹790 Cr₹839 Cr
Operating profit₹49 Cr₹48 Cr₹45 Cr₹49 Cr
Operating margin4.5%5.0%5.7%5.8%
Interest₹20 Cr₹10 Cr₹8 Cr₹8 Cr
Depreciation₹13 Cr₹16 Cr₹16 Cr₹16 Cr
Net profit₹16 Cr₹18 Cr₹21 Cr₹20 Cr
Net margin1.4%1.9%2.7%2.4%
Cash from operations₹53 Cr₹78 Cr₹7 Cr₹37 Cr
Free cash flow₹26 Cr₹66 Cr₹-12 Cr₹13 Cr
ROCE8.0%7.0%6.0%7.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹52 Cr₹52 Cr₹52 Cr₹52 Cr₹59 Cr₹59 Cr
Reserves₹248 Cr₹298 Cr₹314 Cr₹341 Cr₹369 Cr₹383 Cr
Borrowings₹96 Cr₹106 Cr₹112 Cr₹125 Cr₹102 Cr₹72 Cr
Other liabilities₹78 Cr₹82 Cr₹87 Cr₹86 Cr₹72 Cr₹89 Cr
Total liabilities₹474 Cr₹539 Cr₹566 Cr₹605 Cr₹601 Cr₹601 Cr
Fixed assets₹269 Cr₹260 Cr₹281 Cr₹279 Cr₹259 Cr₹251 Cr
Capital work in progress₹0 Cr₹5 Cr₹2 Cr₹1 Cr₹36 Cr₹41 Cr
Investments₹0 Cr₹8 Cr₹13 Cr₹26 Cr₹21 Cr₹38 Cr
Other assets₹204 Cr₹266 Cr₹269 Cr₹299 Cr₹285 Cr₹271 Cr
Total assets₹474 Cr₹539 Cr₹566 Cr₹605 Cr₹601 Cr₹601 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +0.53 pp while the public trimmed −0.46 pp. The shareholder count shrank 3% to 11,578.

Promoters
49.3%
FIIs
2.0%
Public
48.7%

Since Jun 2025

  • Promoters +0.53 pp
  • Public −0.46 pp
  • FIIs −0.07 pp

How it drifted, 12 quarters

Over this window the public fell from 51.9% to 48.7% — −3.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 48.1%, Public 51.9%.Dec '23: Promoters 48.1%, Public 51.9%.Mar '24: Promoters 48.1%, Public 51.9%.Jun '24: Promoters 48.1%, Public 51.9%.Sep '24: Promoters 48.1%, Public 51.9%.Dec '24: Promoters 48.8%, FIIs 2.0%, Public 49.2%.Mar '25: Promoters 48.8%, FIIs 2.0%, Public 49.2%.Jun '25: Promoters 48.8%, FIIs 2.0%, Public 49.2%.Sep '25: Promoters 48.8%, FIIs 2.0%, Public 49.2%.Dec '25: Promoters 48.8%, FIIs 2.0%, Public 49.2%.Mar '26: Promoters 48.9%, FIIs 2.0%, Public 49.1%.Jun '26: Promoters 49.3%, FIIs 2.0%, Public 48.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 7 holders trimming and 4 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Scan Steels above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bayanwala Brothers Pvt Limited 16.36%+1.39 pp
Artline Commerce Private Limited 16.09%−0.36 pp
Rajesh Gadodia 8.99%−0.33 pp
Archana Gadodia 7.85%−0.29 pp
Gopikar Supply Pvt Ltd 6.46%+0.61 pp
Ascon Merchandise Pvt Ltd 4.30%+0.68 pp
Badnoobs Technology Private Limited 3.79%newly disclosed
Gyaana Retreat & Services Private Limited 2.30%−0.09 pp
Success Merchants Private Limited 2.17%−0.08 pp
Genesis Grand General Trading L.L.C Corporate1.98%−0.07 pp
Decent Vincom Private Limited 1.96%−0.07 pp
Saraswati Devi Gadodia 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Scan Steels

Guides on how to read this kind of business and the numbers that matter.