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 | 262 | 219 | 257 | 234 | 140 | 175 | 241 | 232 | 133 | 192 | 282 | 258 |
| Expenses | 251 | 211 | 241 | 210 | 138 | 165 | 232 | 213 | 127 | 181 | 268 | 234 |
| Operating Profit | 11 | 9 | 16 | 24 | 2 | 10 | 9 | 19 | 6 | 10 | 14 | 23 |
| OPM % | 4.1% | 3.9% | 6% | 10% | 1.8% | 6% | 3.7% | 8% | 4.3% | 5% | 4.9% | 9% |
| Other Income | 0 | 0 | 1 | 2 | 1 | 0 | 1 | 0 | 0 | -0 | 2 | 0 |
| Interest | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 5 | 2 | 11 | 20 | -2 | 4 | 4 | 13 | -0 | 4 | 9 | 17 |
| Tax % | 32% | 28% | 27% | 26% | -30% | 30% | 19% | 25% | -31% | 25% | 26% | 25% |
| Net Profit | 3 | 2 | 8 | 15 | -1 | 3 | 4 | 10 | -0 | 3 | 7 | 13 |
| EPS in Rs | 0.64 | 0.30 | 1.55 | 2.78 | -0.26 | 0.48 | 0.61 | 1.71 | -0.04 | 0.53 | 1.18 | 2.13 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 387 | 381 | 509 | 695 | 668 | 732 | 1,000 | 1,091 | 965 | 789 | 838 | 864 |
| Expenses | 379 | 364 | 451 | 652 | 627 | 663 | 914 | 1,042 | 917 | 743 | 789 | 811 |
| Operating Profit | 8 | 16 | 58 | 43 | 40 | 69 | 86 | 49 | 48 | 46 | 49 | 53 |
| OPM % | 2.1% | 4.3% | 11% | 6% | 6% | 9% | 9% | 4.5% | 5.0% | 6% | 6% | 6% |
| Other Income | 2 | 2 | 1 | 1 | 1 | 4 | 2 | 6 | 2 | 4 | 2 | 2 |
| Interest | 31 | 13 | 36 | 15 | 15 | 11 | 10 | 20 | 10 | 9 | 8 | 9 |
| Depreciation | 12 | 20 | 17 | 13 | 13 | 14 | 13 | 13 | 15 | 16 | 16 | 16 |
| Profit before tax | -33 | -15 | 5 | 17 | 13 | 48 | 66 | 22 | 24 | 26 | 27 | 30 |
| Tax % | -94% | -21% | 136% | 61% | 98% | 36% | 23% | 30% | 27% | 25% | 25% | |
| Net Profit | -2 | -12 | -2 | 7 | 0 | 31 | 51 | 15 | 18 | 20 | 20 | 23 |
| EPS in Rs | -0.37 | -2.29 | -0.38 | 1.27 | 0.06 | 5.87 | 9.70 | 2.93 | 3.39 | 3.35 | 3.38 | 3.80 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 8% | 3% | -8% | 10% | ||
| Compounded Profit Growth | 30% | -7% | 18% | 51% | ||
| Stock Price CAGR | 8% | 2% | -1% | 33% | ||
| Return on Equity | 4% | 6% | 5% | 5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 49 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 59 | 59 |
| Reserves | 154 | 210 | 210 | 211 | 216 | 217 | 248 | 298 | 314 | 341 | 359 | 383 |
| Borrowings | 252 | 224 | 212 | 198 | 153 | 144 | 96 | 106 | 112 | 125 | 62 | 72 |
| Other Liabilities | 152 | 116 | 90 | 83 | 48 | 64 | 78 | 82 | 87 | 86 | 94 | 89 |
| Total Liabilities | 597 | 598 | 563 | 544 | 470 | 478 | 474 | 539 | 566 | 605 | 574 | 601 |
| Fixed Assets | 264 | 295 | 284 | 293 | 284 | 272 | 269 | 260 | 281 | 279 | 264 | 251 |
| CWIP | 29 | -0 | 9 | -0 | 1 | 2 | 0 | 5 | 2 | 1 | 20 | 41 |
| Investments | -0 | 2 | 2 | 1 | 1 | 1 | 0 | 8 | 13 | 26 | 21 | 38 |
| Other Assets | 304 | 302 | 268 | 250 | 185 | 203 | 204 | 266 | 269 | 299 | 269 | 271 |
| Total Assets | 597 | 598 | 563 | 544 | 470 | 478 | 474 | 539 | 566 | 605 | 574 | 601 |
| 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 | 70 | 70 | 3 | -69 | 4 | 30 | 35 | 49 | 53 | 78 | 7 | 37 |
| Cash from Investing Activity | -25 | -93 | 3 | 57 | -0 | -7 | -0 | -26 | -32 | -26 | -15 | -38 |
| Cash from Financing Activity | -46 | 28 | 1 | 26 | -27 | -24 | -34 | -4 | -33 | -30 | -14 | -5 |
| Net Cash Flow | -1 | 5 | 7 | 13 | -23 | -1 | 1 | 19 | -12 | 22 | -22 | -5 |
| Free Cash Flow | 47 | 56 | -7 | -82 | 2 | 25 | 33 | 41 | 26 | 66 | -12 | 13 |
| CFO/OP | 138% | 877% | 22% | -118% | 19% | 76% | 51% | 62% | 119% | 176% | 27% | 91% |
| 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 | 71 | 50 | 52 | 43 | 17 | 17 | 14 | 20 | 14 | 9 | 5 | 9 |
| Inventory Days | 174 | 126 | 90 | 107 | 73 | 98 | 93 | 60 | 67 | 88 | 111 | 103 |
| Days Payable | 113 | 75 | 77 | 33 | 10 | 22 | 10 | 8 | 7 | 3 | 4 | 3 |
| Cash Conversion Cycle | 131 | 100 | 65 | 117 | 80 | 92 | 97 | 72 | 74 | 95 | 112 | 108 |
| Working Capital Days | -30 | -120 | -117 | -1 | 17 | 23 | 38 | 39 | 33 | 23 | 43 | 42 |
| ROCE % | 9% | -0% | -0% | 9% | 7% | 7% | 14% | 18% | 8% | 7% | 6% | 7% |
| 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 | 48.11% | 48.11% | 48.11% | 48.11% | 48.11% | 48.76% | 48.76% | 48.76% | 48.76% | 48.76% | 48.89% | 49.29% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 1.98% |
| Public | 51.91% | 51.90% | 51.89% | 51.89% | 51.90% | 49.20% | 49.19% | 49.19% | 49.20% | 49.20% | 49.06% | 48.73% |
| No. of Shareholders | 9,339 | 8,552 | 8,541 | 8,496 | 11,672 | 11,928 | 12,022 | 11,964 | 11,868 | 11,717 | 11,612 | 11,578 |
Fundamentals
Market Cap₹ 304 Cr.
Current Price₹ 49.6
Stock P/E13.4
Book Value₹ 75.3
ROCE7.05 %
ROE4.61 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)51%
Standalone figures.
Valuation
Market capRs 295 Cr
Enterprise valueRs 362 Cr
P/E (TTM)12.99x
Price to book0.67x
Price to sales0.34x
EV / EBITDA6.58x
EV / EBIT9.21x
EV / sales0.42x
Price to cash flow7.96x
Earnings yield7.70%
P/E, 3-year average14.27x
P/B, 3-year average0.65x
P/E, 5-year average10.30x
P/B, 5-year average0.54x
Profitability
Operating margin (excl. other income)5.86%
Operating margin (incl. other income)6.05%
EBITDA margin6.37%
Pre-tax margin3.52%
Net profit margin2.63%
Net margin, latest quarter5.03%
ROE4.61%
ROCE7.05%
ROA3.37%
ROE, 3-year average4.71%
ROCE, 3-year average6.98%
ROA, 3-year average3.24%
ROE, 5-year average6.80%
ROCE, 5-year average9.51%
ROA, 5-year average4.51%
ROIC (approx.)5.78%
Tax rate25.34%
Other income / net worth0.37%
Growth
Sales growth (latest year)6.22%
Profit growth (latest year)1.02%
Sales CAGR, 3 years-8.40%
Sales CAGR, 5 years2.75%
Profit CAGR, 3 years8.95%
Profit CAGR, 5 years-8.42%
Sales growth QoQ-8.47%
Profit growth QoQ87.55%
Sales growth YoY (latest quarter)11.12%
Profit growth YoY (latest quarter)29.08%
Per share
EPS (TTM)Rs 3.71
EPS (latest quarter)Rs 2.12
EPS, 3-year averageRs 3.37
EPS, 5-year averageRs 4.84
Book value per shareRs 72.04
Sales per shareRs 141.11
Cash flow per shareRs 6.06
Free cash flow per shareRs 2.12
Efficiency
Asset turnover1.39x
Fixed asset turnover3.34x
Inventory turnover3.55x
Inventory days103 days
Debtor days9 days
Debtors turnover39.73x
Creditor days3 days
Cash conversion cycle108 days
Working capital days42 days
Leverage
Total debtRs 72 Cr
Cash and bankRs 5 Cr
Net debtRs 67 Cr
Debt to equity0.16x
Net debt / EBITDA1.22x
Interest coverage4.41x
Owners' fund to total sources73.35%
Debt to assets11.92%
Cash flow
Cash from Operating Activity (latest year)Rs 37 Cr
Cash from Investing Activity (latest year)Rs -38 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 13 Cr
FCFE (approx.: FCF + change in debt)Rs 23 Cr
Cash from ops / profit, 5 years1.81x
Sales to cash flow22.60x
Statement figures
Net sales (TTM)Rs 864 Cr
Net sales (latest year)Rs 838 Cr
Sales (latest quarter)Rs 258 Cr
Operating profit excl. other income (latest year)Rs 49 Cr
Operating profit (latest quarter)Rs 23 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 55 Cr
PBDT (TTM)Rs 46 Cr
Profit before tax (TTM)Rs 30 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 23 Cr
Net profit (latest year)Rs 20 Cr
Net profit (latest quarter)Rs 13 Cr
Depreciation (TTM)Rs 16 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 598 Cr
Total expenditure (latest year)Rs 789 Cr
Total income (latest year)Rs 840 Cr
Share capitalRs 59 Cr
ReservesRs 383 Cr
Shareholders' fundsRs 441 Cr
Total assetsRs 601 Cr
Net blockRs 251 Cr
Capital work in progressRs 41 Cr
InvestmentsRs 38 Cr
ReceivablesRs 21 Cr
InventoryRs 168 Cr
Other liabilitiesRs 89 Cr
Shares outstanding (crore)6.12
Ownership
Promoter holding49.29% (+0.53 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.4 is at the 41th percentile of its own 7.2-year range
(median 13.8, low 3.2, high 374.5).
P/B 0.64 is at the 61th percentile (median 0.59).
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 | SCANSTL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.5% | -2.8% | -2.7 pts |
| 1 month | -15.7% | -6.8% | -8.9 pts |
| 3 months | +15.1% | -7.6% | +22.7 pts |
| 3 years | -5.9% | +14.2% | -20.0 pts |
| 5 years | +7.4% | +27.9% | -20.4 pts |
Red flags
F-score 6 of 8| look | On NSE surveillance On NSE surveillance: ESM |
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 ₹258 Cr +11.2% vs Jun 2025.
Net profit ₹13 Cr +30.0%.
Activity
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|---|---|---|---|
| JSW Steel Ltd | 311,160 | 25.8 | 11.0 % |
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| Sarda Energy & Minerals Ltd | 17,631 | 15.7 | 16.9 % |
| Vedanta Iron & Steel Ltd | 12,846 | % | |
| NMDC Steel Ltd | 12,247 | 146 | 3.06 % |
| Sandur Manganese & Iron Ores Ltd | 8,881 | 12.0 | 24.2 % |
| Jai Balaji Industries Ltd | 5,779 | 39.5 | 9.57 % |
| Prakash Industries Ltd | 2,178 | 6.96 | 9.56 % |
| Manaksia Steels Ltd | 733 | 13.5 | 13.4 % |
| KIC Metaliks Ltd | 108 | 33.6 | 4.01 % |
| Ankit Metal & Power Ltd | 27 | -34.2 % |
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days