Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.70 | 1.33 | 3.07 | 2.23 | 3.41 | 3.26 | 3.04 | 2.71 | 4.26 | 4.70 | 4.01 | 2.16 |
| Expenses | 1.57 | 1.23 | 2.37 | 2.20 | 3.38 | 3.21 | 2.84 | 2.56 | 4.08 | 4.39 | 4.02 | 2.07 |
| Operating Profit | 0.13 | 0.10 | 0.70 | 0.03 | 0.03 | 0.05 | 0.20 | 0.15 | 0.18 | 0.31 | -0.01 | 0.09 |
| OPM % | 7.65% | 7.52% | 22.80% | 1.35% | 0.88% | 1.53% | 6.58% | 5.54% | 4.23% | 6.60% | -0.25% | 4.17% |
| Other Income | -0.86 | 0.02 | 0.02 | 0.00 | 0.03 | 0.14 | 0.36 | 0.06 | 0.09 | 0.09 | 0.16 | 0.09 |
| Interest | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 |
| Depreciation | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Profit before tax | -0.74 | 0.10 | 0.70 | 0.02 | 0.04 | 0.18 | 0.55 | 0.20 | 0.25 | 0.39 | 0.12 | 0.17 |
| Tax % | 6.76% | 30.00% | -7.14% | 0.00% | 25.00% | 11.11% | 30.91% | 25.00% | 36.00% | 25.64% | 8.33% | 29.41% |
| Net Profit | -0.78 | 0.08 | 0.75 | 0.01 | 0.03 | 0.15 | 0.38 | 0.15 | 0.16 | 0.29 | 0.11 | 0.13 |
| EPS in Rs | -2.71 | 0.28 | 2.61 | 0.03 | 0.10 | 0.52 | 1.32 | 0.52 | 0.56 | 1.01 | 0.38 | 0.45 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.78 | 3.15 | 3.90 | 4.09 | 3.16 | 3.04 | 5.83 | 5.85 | 7.98 | 11.94 | 15.69 | 15.13 |
| Expenses | 6.21 | 2.77 | 3.53 | 3.77 | 2.94 | 2.80 | 5.36 | 5.62 | 6.99 | 11.63 | 15.06 | 14.56 |
| Operating Profit | 0.57 | 0.38 | 0.37 | 0.32 | 0.22 | 0.24 | 0.47 | 0.23 | 0.99 | 0.31 | 0.63 | 0.57 |
| OPM % | 8.41% | 12.06% | 9.49% | 7.82% | 6.96% | 7.89% | 8.06% | 3.93% | 12.41% | 2.60% | 4.02% | 3.77% |
| Other Income | 0.14 | 0.03 | 0.01 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | -0.84 | 0.53 | 0.39 | 0.43 |
| Interest | 0.13 | 0.16 | 0.11 | 0.11 | 0.11 | 0.14 | 0.04 | 0.06 | 0.02 | 0.02 | 0.01 | 0.02 |
| Depreciation | 0.08 | 0.07 | 0.05 | 0.04 | 0.08 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 |
| Profit before tax | 0.50 | 0.18 | 0.22 | 0.17 | 0.03 | 0.08 | 0.38 | 0.13 | 0.09 | 0.77 | 0.96 | 0.93 |
| Tax % | 32.00% | 33.33% | 36.36% | 23.53% | 33.33% | 50.00% | 26.32% | 30.77% | 44.44% | 25.97% | 26.04% | |
| Net Profit | 0.34 | 0.12 | 0.13 | 0.13 | 0.02 | 0.03 | 0.28 | 0.08 | 0.06 | 0.57 | 0.71 | 0.69 |
| EPS in Rs | 1.18 | 0.42 | 0.45 | 0.45 | 0.07 | 0.10 | 0.97 | 0.28 | 0.21 | 1.98 | 2.47 | 2.40 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 9% | 39% | 39% | 22% | ||
| Compounded Profit Growth | 8% | 88% | 107% | -3% | ||
| Stock Price CAGR | % | 100% | 100% | 28% | ||
| Return on Equity | 5% | 9% | 11% | 13% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 2.87 | 2.87 |
| Reserves | -0.20 | 0.13 | 0.08 | 0.20 | 0.34 | 0.36 | 0.40 | 0.63 | 0.78 | 0.84 | 2.56 | 2.87 |
| Borrowings | 1.17 | 2.14 | 0.99 | 0.94 | 0.39 | 0.90 | 0.76 | 0.94 | 0.08 | 0.12 | 0.10 | 0.77 |
| Other Liabilities | 2.25 | 1.84 | 1.40 | 1.68 | 1.72 | 1.23 | 1.16 | 1.63 | 0.84 | 1.20 | 1.30 | 2.49 |
| Total Liabilities | 7.22 | 8.11 | 6.47 | 6.82 | 6.45 | 6.49 | 6.32 | 7.20 | 5.70 | 6.16 | 6.83 | 9.00 |
| Fixed Assets | 0.58 | 0.52 | 0.46 | 0.39 | 0.60 | 0.52 | 0.45 | 0.40 | 0.36 | 0.43 | 0.29 | 0.28 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.01 | 0.05 | 0.06 | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 | 0.10 | 0.10 |
| Other Assets | 6.64 | 7.59 | 6.00 | 6.38 | 5.79 | 5.87 | 5.77 | 6.70 | 5.24 | 5.64 | 6.44 | 8.62 |
| Total Assets | 7.22 | 8.11 | 6.47 | 6.82 | 6.45 | 6.49 | 6.32 | 7.20 | 5.70 | 6.16 | 6.83 | 9.00 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.45 | -0.83 | -0.22 | 0.37 | 0.95 | -0.54 | -0.05 | -0.24 | 0.99 | 0.38 | 3.03 | |
| Cash from Investing Activity | 0.03 | 0.07 | 1.35 | -0.02 | -0.26 | -0.05 | 0.26 | 0.06 | 0.00 | 0.11 | -2.28 | |
| Cash from Financing Activity | 0.29 | 0.97 | -1.30 | -0.16 | -0.65 | 0.41 | -0.24 | 0.14 | -0.92 | -0.08 | -0.03 | |
| Net Cash Flow | -0.14 | 0.21 | -0.17 | 0.18 | 0.04 | -0.18 | -0.03 | -0.04 | 0.07 | 0.41 | 0.71 | |
| Free Cash Flow | -0.43 | -0.86 | -0.22 | 0.39 | 0.70 | -0.54 | 0.06 | -0.21 | 0.99 | 0.36 | 3.09 | |
| CFO/OP | -54% | -119% | -34% | 116% | 322% | -218% | -4% | -34% | 491% | 46% | 1,042% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 113.51 | 117.36 | 260.71 | 271.41 | 213.29 | 286.46 | 307.37 | 231.02 | 147.25 | 107.49 | 28.74 | |
| Inventory Days | 168.46 | 62.05 | 27.20 | 42.37 | 23.68 | 12.20 | 11.09 | 58.54 | 17.33 | |||
| Days Payable | 526.44 | 284.70 | 283.39 | 211.83 | 126.27 | 81.34 | 23.10 | 44.08 | 39.91 | |||
| Cash Conversion Cycle | 113.51 | -240.62 | 260.71 | 48.76 | -42.89 | 116.99 | 204.77 | 161.88 | 135.24 | 121.95 | 6.15 | |
| Working Capital Days | 93.45 | 99.59 | 378.90 | 305.10 | 281.11 | 389.26 | 465.86 | 261.70 | 267.04 | 183.87 | 101.49 | |
| ROCE % | 11.28% | 11.21% | 6.00% | 6.27% | 5.67% | 2.80% | 4.22% | 7.83% | 3.64% | 20.16% | 13.35% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 68.59% | 68.59% | 68.59% | 68.59% | 64.68% | 64.04% | 64.04% | 54.75% | 44.95% | 44.95% | 44.95% | 44.95% |
| Public | 31.41% | 31.41% | 31.41% | 31.41% | 35.32% | 35.95% | 35.96% | 45.24% | 55.04% | 55.04% | 55.04% | 55.04% |
| No. of Shareholders | 232 | 259 | 320 | 323 | 430 | 573 | 659 | 688 | 717 | 695 | 673 | 662 |
Fundamentals
Market Cap₹ 28.6 Cr.
Current Price₹ 99.4
Stock P/E41.4
Book Value₹ 20.0
ROCE17.5 %
ROE13.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)-3%
Standalone figures.
Valuation
Market capRs 29 Cr
Enterprise valueRs 29 Cr
P/E (TTM)42.69x
Price to sales1.95x
EV / EBITDA29.75x
EV / EBIT31.34x
EV / sales1.95x
Earnings yield2.34%
P/E, 3-year average168.21x
P/B, 3-year average3.46x
P/E, 5-year average97.85x
P/B, 5-year average2.07x
Profitability
Operating margin (excl. other income)4.02%
Operating margin (incl. other income)6.50%
EBITDA margin6.54%
Pre-tax margin6.15%
Net profit margin4.56%
Net margin, latest quarter6.02%
ROE, 3-year average6.17%
ROCE, 3-year average8.65%
ROA, 3-year average4.89%
ROE, 5-year average5.06%
ROCE, 5-year average7.19%
ROA, 5-year average3.79%
Tax rate26.04%
Growth
Sales growth (latest year)31.41%
Profit growth (latest year)24.56%
Sales CAGR, 3 years38.94%
Sales CAGR, 5 years38.85%
Profit CAGR, 3 years107.04%
Profit CAGR, 5 years88.29%
Sales growth QoQ-46.13%
Profit growth QoQ18.18%
Sales growth YoY (latest quarter)-20.30%
Profit growth YoY (latest quarter)-13.33%
Per share
EPS (TTM)Rs 2.40
EPS (latest quarter)Rs 0.45
EPS, 3-year averageRs 1.05
EPS, 5-year averageRs 0.71
Sales per shareRs 52.65
Free cash flow per shareRs 10.75
Efficiency
Creditor days40 days
Cash conversion cycle6 days
Working capital days101 days
Leverage
Net debt / EBITDA0.00x
Interest coverage94.00x
Cash flow
Free cash flow (latest year)Rs 3 Cr
Cash from ops / profit, 5 years4.03x
Statement figures
Net sales (TTM)Rs 15 Cr
Net sales (latest year)Rs 16 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 9 Cr
Total expenditure (latest year)Rs 15 Cr
Total income (latest year)Rs 16 Cr
Shares outstanding (crore)0.29
Ownership
Promoter holding44.95% (-9.80 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 42.7 is at the 56th percentile of its own 4.2-year range
(median 37.0, low 6.4, high 383.1).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531797 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.5% | -2.8% | +2.2 pts |
| 1 month | -21.6% | -6.8% | -14.8 pts |
| 3 months | -22.3% | -7.6% | -14.7 pts |
| 3 years | +701.4% | +14.2% | +687.2 pts |
| 5 years | +3133.4% | +27.9% | +3105.5 pts |
Red flags
| look | Profit leans on other income Other income was 41% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2 Cr -20.3% vs Jun 2025.
Net profit ₹0 Cr -13.3%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| UltraTech Cement Ltd | 319,108 | 37.0 | 12.7 % |
| Grasim Industries Ltd | 210,966 | 36.8 | 8.01 % |
| Ambuja Cements Ltd | 90,882 | 19.3 | 5.61 % |
| Shree Cement Ltd | 79,017 | 48.5 | 10.3 % |
| J K Cements Ltd | 37,278 | 38.2 | 15.1 % |
| Dalmia Bharat Ltd | 30,712 | 28.0 | 7.59 % |
| ACC Ltd | 22,583 | 11.9 | 11.2 % |
| The Ramco Cements Ltd | 19,949 | 105 | 6.13 % |
| JSW Cement Ltd | 15,349 | 19.5 | 11.1 % |
| Nuvoco Vistas Corporation Ltd | 11,793 | 28.4 | 6.99 % |
| India Cements Ltd | 9,412 | 69.7 | 1.24 % |
| Star Cement Ltd | 7,198 | 19.0 | 16.6 % |
| Birla Corporation Ltd | 6,545 | 11.7 | 9.78 % |
| JK Lakshmi Cement Ltd | 6,085 | 15.8 | 12.0 % |
| Prism Johnson Ltd | 5,500 | 46.9 | 5.92 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Scan Projects Ltd?
Scan Projects Ltd (531797) has a market capitalisation of Rs 28.6 Cr. at the 2026-09-30 close.
What is the P/E ratio of Scan Projects Ltd?
Scan Projects Ltd trades at a P/E of 41.4 on trailing twelve-month profit, at the 2026-09-30 close.
What were Scan Projects Ltd's latest quarterly results?
In the Jun 2026 quarter, Scan Projects Ltd sales was Rs 2 Cr (-20.3% vs Jun 2025) and net profit was Rs 0 Cr.