Scan Steels Limited (511672) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Scan Steels Limited ₹121, price ₹51.79, upside +133.8%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹24.40 – ₹90.21 · fair‑value band ₹80.95 – ₹171.98 · the ₹51.79 price screens below the ₹121.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Scan Steels Limited manufactures and trades in steel products in India. The company offers TMT bars under the SHRISHTII TMT brand; and color pre-coated corrugated profile sheets and roofing accessories under the SHRISHTII ROOFING brand name, as well as TMT re-bars, sponge iron, MS billets/ingots, and long and flat products.
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Scan Steels Limited manufactures and trades in steel products in India. The company offers TMT bars under the SHRISHTII TMT brand; and color pre-coated corrugated profile sheets and roofing accessories under the SHRISHTII ROOFING brand name, as well as TMT re-bars, sponge iron, MS billets/ingots, and long and flat products. It is also involved in the trade of derivative contracts. Scan Steels Limited is based in Bhubaneswar, India.
Stock analysis
Scan Steels Limited (511672) currently trades at ₹51.79, while our model-based Fair Value estimate is ₹121.08, implying the stock looks roughly 57.2% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹240.39 per share, and 23 of the 23 models we run sit above the ₹51.79 price.
Bear case: the Earnings-Based group reads lowest at ₹183.61, and 0 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹80.95 (bear) to ₹171.98 (bull), the price of ₹51.79 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Scan Steels Limited reported revenue of ₹8.4B in FY2025 versus ₹10.0B in FY2021, a compound −4.3%/yr. Reported net income was ₹220M in FY2025, compounding −18.9%/yr from FY2021.
Key figures
Market cap ₹806M (≈ $8.4M) · P/E ratio 235.8 · P/S ratio 6.19 · EPS (TTM) ₹0.0653 · Net margin 2.6% · Return on assets (EBIT) 7.1% · Free cash flow ₹127M · Net debt ₹478M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 103% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 134%, 511672 screens cheaper than that median.
Fair Value models
Bear ₹80.95Fair Value ₹121.08Bull ₹171.98
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹0.0485 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−8.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.6%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 4%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +17.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 413 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Top 25%
Fair Value upside+133.8% · Top 25%
Profitability
Return on assets0.0% · Below median
Net margin (TTM)2.6% · Above median
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth0.0% · Below median
Valuation Multiplesvs Steel median · lower = cheaper
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Is Scan Steels Limited (511672) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹121.08 versus a price of ₹51.79, about +134% upside (undervalued).
What is the fair value of 511672?
Our model-based fair value for Scan Steels Limited is ₹121.08 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹51.79.
What is the quality score of 511672?
Scan Steels Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Scan Steels Limited (511672)?
Our model-based price target is the fair value of ₹121.08 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario ₹80.95, optimistic scenario ₹171.98. It is a calculation from audited fundamentals, not an analyst target.
What is the Scan Steels Limited stock forecast for 2026?
Our models put fair value at ₹121.08, about +134% upside versus a price of ₹51.79 (undervalued). Cautious scenario ₹80.95, optimistic scenario ₹171.98. The calculation is refreshed regularly with new filings.
What growth is priced into Scan Steels Limited (511672)?
For today's price to be fair in a discounted-cash-flow model, Scan Steels Limited would have to grow free cash flow by +22.2 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 511672 use?
Our models discount Scan Steels Limited at 12.4 %: a base by market capitalisation (nano), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Scan Steels Limited that is +22.2 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Scan Steels Limited (511672) delivered so far?
Over the past 5 years revenue at Scan Steels Limited grew +2.8 % a year. The price currently implies +22.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Scan Steels Limited (511672) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Scan Steels Limited (+22.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Scan Steels Limited (511672)?
The free-cash-flow yield on the price is 4.19 %: that much free cash flow Scan Steels Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Scan Steels Limited (511672)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Scan Steels Limited it is ₹121.08 per share (as of Sep 24, 2026), against a price of ₹51.79. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Scan Steels Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 511672 trades below its calculated fair value: price ₹51.79, fair value ₹121.08, a gap of about +134% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 511672?
No. The price is what the market pays today (₹51.79); the fair value is what the company's own numbers justify (₹121.08). For Scan Steels Limited the two are ₹69.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Scan Steels Limited worth?
The market values Scan Steels Limited at about ₹806M (market capitalisation, as of Sep 24, 2026). Per share that is ₹51.79; our models calculate a fair value of ₹121.08 per share.
What do the bullish and bearish scenarios say about 511672?
Our models span a range for Scan Steels Limited: cautious scenario ₹80.95, base ₹121.08, optimistic ₹171.98 per share (as of Sep 24, 2026, price ₹51.79). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 511672?
Scan Steels Limited trades at a price-to-earnings ratio of 235.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹121.08 is built from several models across several years.
How far is 511672 from its 52-week high?
Scan Steels Limited trades at ₹51.79, about 21% below its 52-week high of ₹65.15 and 103% above the low of ₹25.49 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹121.08 is for.
Which stocks are comparable to Scan Steels Limited?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Scan Steels Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹51.79, calculated fair value ₹121.08 (+134%), Quality Score 57/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 511672 calculated?
We run Scan Steels Limited through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹121.08, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Scan Steels Limited currently trades 134 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Scan Steels Limited (511672)?
The closing price on Sep 25, 2026 was ₹51.79. Our model-based fair value is ₹121.08, about +134% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Scan Steels Limited right now?
The price is below even our cautious bear case (₹80.95). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹80.95 to ₹171.98) leaves room in how you read the outcome.
Key figures of Scan Steels Limited
How large is the market capitalisation of Scan Steels Limited (511672)?
The market capitalisation of Scan Steels Limited is ₹806M (≈ $8.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Scan Steels Limited (511672)?
The price-to-sales ratio of Scan Steels Limited is 6.19 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Scan Steels Limited (511672)?
Earnings per share at Scan Steels Limited are ₹0.0653 (price ÷ EPS = P/E 235.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Scan Steels Limited (511672)?
The net margin of Scan Steels Limited is 2.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Scan Steels Limited (511672)?
On an EBIT basis the return on assets of Scan Steels Limited is 7.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much net debt does Scan Steels Limited (511672) carry?
The net debt of Scan Steels Limited is ₹478M (fiscal year 2024, ≈ 3.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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