Steel Authority of India Ltd logo

Steel Authority of India Ltd

SAIL NSE

Key Fundamentals

MidcapIron & SteelMetals & Mining
Market Cap
₹71,285 Cr
Volatility
Moderate
P/E Ratio
16.46
EBITDA
₹11,332 Cr
Return on Equity
4.03%
Debt to Equity
0.53
Book Value
₹146.12
EPS
₹9.38
52W High
₹209.7
52W Low
₹118.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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43 extracted metrics + investor summaries across FY14–FY27.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Stock is trading at 1.19 times its book value
  • Company has been maintaining a healthy dividend payout of 27.9%

Weaknesses

4
  • The company has delivered a poor sales growth of 9.90% over past five years.
  • Company has a low return on equity of 5.80% over last 3 years.
  • Contingent liabilities of Rs.44,708 Cr.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
7.21% ↗
Net Income Growth
30.96% ↗
Cash Flow Change
240.59% ↗
ROE
-24.95% ↘
ROCE
-10.55% ↗
EBITDA Margin (Avg.)
-9.33% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Steel Authority of India Ltd (SAIL) is a state-owned steel producer with a market cap of Rs.71,219 Cr, trading at a P/B of 1.19x and P/E of 16.8x. The company has shown a sharp TTM profit recovery of 59% but carries contingent liabilities of Rs.44,708 Cr and has delivered a low 3-year average ROE of approximately 6%.

Bull Case 7
  • TTM profit growth of 59% indicates a strong earnings recovery cycle after years of subdued performance
  • Stock trades at 1.19x book value, which is modest for a large integrated steel producer with significant fixed assets
  • 1-year stock CAGR of 40% reflects strong market re-rating and momentum
  • 10-year compounded sales growth of 11% demonstrates long-term revenue expansion capability
  • Healthy dividend payout ratio of 27.9% provides income to shareholders even during cyclical downturns
  • 3-year stock CAGR of 26% shows sustained medium-term wealth creation for investors
  • P/E of 16.8x is reasonable for a cyclical commodity company in an upcycle phase, suggesting valuation is not stretched relative to current earnings
Bear Case 8
  • Contingent liabilities of Rs.44,708 Cr represent a significant overhang, nearly 63% of the current market cap of Rs.71,219 Cr
  • 3-year average ROE of only 6% indicates poor capital efficiency for a company of this scale
  • 5-year compounded profit growth of -2% shows the company struggled to grow earnings over a full business cycle
  • 5-year compounded sales growth of only 10% (screener flags 9.9%) is weak for a commodity business in an inflationary environment
  • Potential capitalization of interest costs may overstate asset values and understate true operating expenses
  • 5-year stock CAGR of just 5% shows the recent rally has only partially offset years of underperformance
  • Dividend yield of 0.92% is modest and does not adequately compensate for the cyclical and balance sheet risks involved
  • 3-year compounded sales growth of only 2% suggests near-term volume or pricing headwinds despite broader steel demand

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 2
  • Iron ore sales volume doubling Jul 28

    SAIL targets doubling iron ore sales to 8 million tonnes by FY27, a historic high. Q1 volumes surged to 1.1 MT from 0.31 MT YoY, driven by Odisha and new Chhattisgarh mines.

  • FPO/QIP capital raise explored Aug 10

    SAIL is at an initial stage of exploring capital-raising via FPO or QIP. No quantum or timeline announced yet, but signals potential growth funding intent.

Neutral 4
  • ₹53.95 Cr block trade at ₹166.40 Jul 28

    Institutional block trade of ~32.4 lakh shares at ₹166.40/share on NSE, aggregating ₹53.95 crore, indicating large institutional activity.

  • ₹19.48 Cr block trade at ₹171.77 Jul 29

    Block trade of ~11.3 lakh shares at ₹171.77/share on NSE totalling ₹19.48 crore, reflecting continued institutional participation.

  • Q1 FY27 results approved and discussed Jul 28

    Board approved Q1 FY27 unaudited results on Jul 24. Management held analyst call on Jul 28 to discuss quarterly performance.

  • Cost auditors re-appointed for FY27 Jul 21

    Board re-appointed M/s Shome & Banerjee, M/s Niran & Co., and M/s Narasimha Murthy & Co. as cost auditors for FY 2026-27.

TL;DR: SAIL shows strong operational momentum with iron ore sales surging over 3x YoY in Q1 and a clear path to doubling volumes by FY27 through mine expansions. The company is exploring FPO/QIP options signalling potential growth capex plans. No material headwinds emerged in recent news, and institutional block trades suggest steady market interest. The trend is improving operationally, with the key watch being clarity on capital-raise plans and whether steel realisations hold up.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
24,359
29,712
23,349
27,959
23,998
24,675
24,490
29,316
25,922
26,704
27,371
30,813
26,246
Expenses
22,710
25,837
21,206
24,476
21,778
21,762
22,460
25,832
23,153
24,176
25,077
26,405
22,093
Operating Profit
1,649
3,875
2,142
3,483
2,220
2,913
2,030
3,484
2,769
2,528
2,294
4,409
4,153
OPM %
7%
13%
9%
12%
9%
12%
8%
12%
11%
9%
8%
14%
16%
Other Income
527
-174
355
-43
-28
322
393
362
235
-34
248
202
87
Interest
613
605
614
642
691
758
680
664
595
484
547
532
493
Depreciation
1,275
1,327
1,321
1,356
1,402
1,304
1,421
1,524
1,441
1,453
1,516
1,577
1,560
PBT
288
1,770
563
1,441
98
1,173
323
1,657
968
556
480
2,502
2,187
Tax %
26%
26%
25%
22%
17%
24%
56%
25%
23%
25%
22%
27%
25%
Net Profit
212
1,306
423
1,126
82
897
142
1,251
745
419
374
1,835
1,644
EPS in Rs
0.51
3.16
1.02
2.73
0.2
2.17
0.34
3.03
1.8
1.01
0.91
4.44
3.98
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
46,032
38,793
44,210
57,496
66,973
61,664
69,114
1,03,477
1,04,448
1,05,378
1,02,479
1,10,811
1,11,135
Expenses
41,217
41,628
44,094
52,788
57,167
51,400
56,337
82,114
96,410
94,229
91,789
98,811
97,751
Operating Profit
4,815
-2,834
115
4,708
9,807
10,264
12,776
21,363
8,038
11,149
10,690
12,000
13,384
OPM %
10%
-7%
0.3%
8%
15%
17%
18%
21%
8%
11%
10%
11%
12%
Other Income
892
425
378
654
283
280
1,349
902
1,856
665
1,006
651
503
Interest
1,555
2,300
2,528
2,823
3,155
3,487
2,817
1,698
2,037
2,474
2,793
2,158
2,057
Depreciation
1,907
2,404
2,682
3,066
3,385
3,756
4,103
4,275
4,964
5,278
5,651
5,988
6,107
PBT
2,245
-7,114
-4,716
-527
3,549
3,302
7,206
16,292
2,892
4,062
3,252
4,506
5,724
Tax %
14%
-41%
-42%
-47%
34%
36%
42%
25%
25%
24%
27%
25%
—
Net Profit
1,939
-4,176
-2,756
-281
2,349
2,121
4,148
12,243
2,177
3,067
2,372
3,373
4,272
EPS in Rs
4.93
-10.11
-6.67
-0.68
5.69
5.13
10.04
29.64
5.27
7.42
5.74
8.17
10.34
Div. Payout %
41%
0%
0%
0%
9%
0%
28%
30%
28%
27%
28%
29%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
Reserves
39,641
36,021
32,912
32,816
35,516
37,380
41,276
50,081
50,616
52,971
54,775
56,225
Borrowings
32,146
35,141
41,396
45,409
45,170
54,127
37,677
17,284
30,773
36,323
36,934
31,928
Other Liabilities
26,932
26,234
29,405
33,339
33,385
31,560
35,007
48,885
45,262
47,598
40,878
43,613
Total Liabilities
1,02,849
1,01,527
1,07,843
1,15,694
1,18,201
1,27,198
1,18,090
1,20,381
1,30,782
1,41,022
1,36,718
1,35,896
Fixed Assets
39,011
45,942
50,300
58,625
61,374
69,034
67,618
73,677
73,543
72,426
73,327
75,989
CWIP
29,328
24,927
23,275
18,395
16,014
8,753
8,881
4,710
4,891
6,141
7,206
10,552
Investments
61
2,280
2,475
2,629
2,975
3,240
3,442
3,757
4,185
4,589
4,976
4,339
Other Assets
34,450
28,377
31,792
36,044
37,838
46,170
38,149
38,237
48,163
57,867
51,209
45,016
Total Assets
1,02,849
1,01,527
1,07,843
1,15,694
1,18,201
1,27,198
1,18,090
1,20,381
1,30,782
1,41,022
1,36,718
1,35,896
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2,579
4,043
2,160
6,164
7,215
-618
23,430
30,987
-5,290
2,911
9,914
19,039
Investing
-6,292
-4,805
-5,467
-6,480
-3,694
-4,261
-3,295
-3,976
-3,371
-4,261
-5,268
-7,899
Financing
3,775
743
3,302
269
-3,549
5,003
-19,808
-27,398
8,587
1,362
-4,424
-11,403
Net Cash Flow
63
-20
-5
-47
-28
125
328
-387
-74
12
222
-263
Free Cash Flow
-5,038
-2,450
-3,267
-441
3,335
-4,999
20,019
27,557
-8,812
-1,297
4,537
10,942
CFO/OP
65
-132
1,863
134
74
-5
184
145
-61
27
99
164
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
26
30
24
25
25
52
43
17
19
29
27
21
Inventory Days
370
308
274
199
243
370
207
170
180
222
211
156
Days Payable
77
82
90
87
89
97
107
143
92
103
75
72
Cash Conversion Cycle
319
255
209
137
179
325
144
44
107
148
163
105
Working Capital Days
-68
-137
-172
-87
-51
-24
-78
-39
-41
-20
-18
-28
ROCE %
5%
-6%
-2%
3%
9%
8%
11%
24%
6%
8%
7%
8%

Shareholding Pattern

As of Jun 2026
Promoters 65.00%
DIIs 16.86%
Public 8.91%
FIIs 7.09%
Others 2.15%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.68%
0.00%
3.18%
0.00%
2.82%
2.59%
3.20%
3.65%
3.76%
4.53%
5.01%
7.09%
DIIs
16.56%
15.49%
12.44%
10.48%
10.17%
8.78%
9.37%
10.72%
12.40%
13.63%
14.61%
15.43%
15.86%
15.54%
16.03%
15.87%
15.75%
17.31%
18.09%
17.84%
18.41%
16.86%
Government
0.07%
0.08%
0.08%
0.08%
0.00%
0.09%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.41%
11.42%
14.14%
16.51%
16.66%
18.73%
18.20%
17.13%
15.42%
15.07%
14.35%
12.97%
13.50%
13.92%
14.32%
14.77%
14.27%
12.59%
11.66%
11.22%
9.80%
8.91%
Others
7.97%
8.01%
8.34%
7.93%
8.18%
7.41%
7.42%
7.15%
7.18%
6.30%
2.36%
6.60%
2.46%
5.54%
1.83%
1.78%
1.78%
1.45%
1.49%
1.41%
1.79%
2.15%
No. of Shareholders
5,33,051
7,13,876
9,56,564
12,44,840
14,66,890
16,71,500
16,27,170
16,25,640
15,21,990
14,99,840
14,83,370
15,03,780
16,43,070
18,42,450
19,88,080
20,40,670
20,46,330
19,08,380
17,98,690
17,07,510
15,72,360
15,09,430

Documents

Frequently Asked Questions about Steel Authority of India Ltd

What does Steel Authority of India Ltd do?
Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and ...
Where is Steel Authority of India Ltd (SAIL) listed?
Steel Authority of India Ltd is listed on the Indian stock exchanges. It is listed on NSE: SAIL and BSE: 500113. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Steel Authority of India Ltd belong to?
Steel Authority of India Ltd operates in the Commodities sector within the Ferrous Metals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Steel Authority of India Ltd?
Steel Authority of India Ltd has a market capitalisation of approximately ₹71284.61 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Steel Authority of India Ltd?
The Price-to-Earnings (PE) ratio of Steel Authority of India Ltd is 16.46. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Steel Authority of India Ltd?
Over the past 52 weeks, Steel Authority of India Ltd has traded between a low of ₹118.1 and a high of ₹209.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Steel Authority of India Ltd pay dividends?
Yes, Steel Authority of India Ltd has a dividend yield of 0.92%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Steel Authority of India Ltd?
Steel Authority of India Ltd has a Return on Equity (ROE) of 4.03%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Steel Authority of India Ltd on Tapetide?
On Tapetide, you can view Steel Authority of India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products.(Source : Company Web-Site)

Website sail.co.in
CEO Mr. Amarendu Prakash
Employees 53,159
Listed 1995-07-06
Face Value ₹ 10
Issued Size 4,13,05,25,289

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