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Scan SteelsNSE:SCANSTL -2.69%40 Return-on-Tangible-Equity is 11.81% as of Jun. 2026, which is 153% above its 10-year median of 4.66. GuruFocus rates NSE:SCANSTL with a GF Score™ of 40/100 and a GF Value™ of ₹39.02 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 613 Steel companies, Scan Steels ranks better than 54.65% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Scan Steels's annualized net income for the quarter that ended in Jun. 2026 was ₹530 Mil. Scan Steels's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹4,487 Mil. Therefore, Scan Steels's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 11.81%.
The historical rank and industry rank for Scan Steels's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SCANSTL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.54 Med: 4.66 Max: 15.6
Current: 5.69
During the past 13 years, Scan Steels's highest Return-on-Tangible-Equity was 15.60%. The lowest was -4.54%. And the median was 4.66%.
NSE:SCANSTL's Return-on-Tangible-Equity is ranked better than 54.65% of 613
companies
in the Steel industry
Industry Median: 4.55
vs NSE:SCANSTL: 5.69
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Scan Steels Return-on-Tangible-Equity Related Terms
Scan Steels Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Scan Steels's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:SCANSTL vs : Return-on-Tangible-Equity Comparison
For the Steel subindustry, Scan Steels's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Scan Steels Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Scan Steels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Scan Steels's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.81% mean?
Scan Steels (NSE:SCANSTL) has a Return-on-Tangible-Equity of 11.81% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Scan Steels and its competitors. This is 153% above median its historical median of 4.66. According to the industry distribution chart, Scan Steels ranks #278 out of 613 companies in the Steel industry, placing it in the top 45.4%.
Is Scan Steels' Return-on-Tangible-Equity too high?
Scan Steels' current Return-on-Tangible-Equity of 11.81% is 153% above median its 10-year median of 4.66. The Steel industry median Return-on-Tangible-Equity is 4.55. Scan Steels' value of 11.81% is 159.6% above this industry median. Based on the distribution chart, Scan Steels ranks #278 out of 613 companies in the Steel industry, which is above the industry midpoint. Overall, Scan Steels has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Scan Steels' Return-on-Tangible-Equity compare to ?
According to the Steel industry distribution chart, Scan Steels ranks #278 out of 613 companies for Return-on-Tangible-Equity. This puts Scan Steels in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.55. Scan Steels' value of 11.81% is 159.6% above this benchmark. While the company's 10-year median is 4.66 vs. the industry median of 4.55, Scan Steels has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.55, based on 613 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Scan Steels's current Return-on-Tangible-Equity of 11.81% is 159.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Scan Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scan Steels's current Return-on-Tangible-Equity is 11.81%, which is 153% above median its own 10-year median of 4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scan Steels stock overvalued right now?
Based on GuruFocus' analysis, Scan Steels (NSE:SCANSTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹39.02, compared to a current price of ₹61.23 — trading 56.9% above its estimated fair value. The current Return-on-Tangible-Equity is 11.81%, which is 153% above median its 10-year median of 4.66 and 159.6% above the Steel industry median of 4.55. Scan Steels' overall GF Score™ is 40/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Scan Steels (NSE:SCANSTL), the current Return-on-Tangible-Equity is 11.81% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Scan Steels (NSE:SCANSTL) Overvalued in 2026?
Based on GuruFocus' analysis, Scan Steels stock appears to be overvalued.
The current stock price of ₹61.23 is trading 56.9% above its estimated GF Value™ of ₹39.02.
GuruFocus considers Scan Steels to be Significantly Overvalued.
Key valuation signals for NSE:SCANSTL:
Return-on-Tangible-Equity: 11.81% (153% above median its 10-year median of 4.66)
GF Value™: ₹39.02 vs. price of ₹61.23 (56.9% above fair value)
Industry Position: 159.6% above the Steel median (#278 of 613)
No single metric tells the full story. See the NSE:SCANSTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scan Steels Ltd is an Indian-based iron and steel company. It is engaged in the manufacturing of steel products and in the generation of power for captive consumption. The company operates through a single segment, which is Steel Manufacturing. Its products include Shrishtii TMT, MS Billets, Shrishtii Roofing, Shrishtii Structural, and Fly Ash Bricks.
40GF Score
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