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SCAN STEELS
PS (Price/Sales) Ratio

The Current P/S Ratio of SCAN STEELS is 0.38.

Share Price ₹71.7Apr 19,2024
Market Cap ₹375.9 Cr
Sales-TTM₹983.2 CrTTM-Standalone Results
Price/Sales0.38xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of SCAN STEELS

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of SCAN STEELS is calculated as :

Current Market Cap [ ₹375.9 Cr] as on Apr 19,2024

(/) Sales [ ₹983.2 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 0.38x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for SCAN STEELS , the investors are currently willing to pay '0.38 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of SCAN STEELS !

The chart below summarizes the trend in P/S Ratio of SCAN STEELS over the last five years.

Historical PS (Price/Sales) ratio chart of SCAN STEELS


PS Ratio Performance Analysis for SCAN STEELS

- SCAN STEELS 's latest p/e ratio is 0.38x.

- SCAN STEELS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.17x.

- SCAN STEELS 's operated at median p/e ratio of 0.13x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SCAN STEELS 's p/e ratio peaked in Mar2019 at 0.29x.

- SCAN STEELS 's p/e ratio hit its five-year low in Mar2023 of 0.13x.


How does SCAN STEELS 's P/S Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Sales (Cr)PS RatioMarket Cap (Cr)
SCAN STEELS 983.20.38375.9
JSW STEEL LTD175,699.01.20211,593.0
TATA STEEL LTD233,445.00.87202,357.0
JINDAL STAINLESS LTD38,873.51.4757,006.4
STEEL AUTHORITY OF INDIA LTD106,550.00.5760,285.0
APL APOLLO TUBES LTD17,784.22.4343,155.1
MOTHERSON SUMI WIRING INDIA LTD7,945.13.9030,987.6
RATNAMANI METALS & TUBES LTD5,062.54.0320,381.3
SHYAM METALICS AND ENERGY LTD12,942.91.2816,593.0
WELSPUN CORP LTD16,948.60.8213,821.2
JINDAL SAW LTD20,720.00.7415,351.4

Steel & Iron Products Industry Benchmark (Top 10) PS Analysis vs SCAN STEELS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.38x
Max industry PS 4.03x
Median industry PS 1.20x
Average industry PS 1.61x



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