Announced Fri, 19 Jun · 13:01 IST
Scan Steels outlines three-phase growth plan to FY31 with 850 Cr capex
SCANSTL · price
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AI summary
Scan Steels filed June 2026 investor presentation with three-phase growth plan. FY26 base: 838 Cr revenue, 49 Cr EBITDA, 20 Cr PAT, Net D/E 0.16x. Theme 1 lifts TMT to 3 LTPA by Sept'26. Theme 2 adds 2 LTPA pipe/galv at 80 Cr by Q3FY28. Theme 3 is 850 Cr greenfield (pellet, DRI, 50 MW power) by Q3FY31. FY31 targets: 4,133 Cr revenue, 575 Cr EBITDA at 13.9% margin, 338 Cr PAT. Funded by 500 Cr equity plus 350 Cr accruals. Promoters 48.9%. Won Bindals Sponge via NCLT.
Likely market impact
Clear multi-year growth roadmap with 850 Cr capex. 500 Cr equity raise may dilute but targets 12x EBITDA growth and margin lift to 13.9% by FY31.