Steel Authority of India Ltd
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)
- Market Cap ₹ 66,303 Cr.
- Current Price ₹ 161
- High / Low ₹ 161 / 99.2
- Stock P/E 22.3
- Book Value ₹ 136
- Dividend Yield 1.00 %
- ROCE 6.73 %
- ROE 4.38 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.18 times its book value
- Company has been maintaining a healthy dividend payout of 31.2%
Cons
- The company has delivered a poor sales growth of 10.7% over past five years.
- Company has a low return on equity of 4.59% over last 3 years.
- Contingent liabilities of Rs.40,112 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Ferrous Metals Iron & Steel
Part of BSE 500 BSE 200 BSE Dollex 200 BSE PSU Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46,567 | 45,660 | 38,746 | 44,452 | 57,558 | 66,967 | 61,661 | 69,110 | 103,473 | 104,447 | 105,375 | 102,478 | 109,313 | |
| 43,744 | 40,986 | 41,578 | 44,366 | 52,868 | 57,188 | 51,414 | 56,344 | 82,129 | 96,425 | 94,243 | 91,805 | 98,244 | |
| Operating Profit | 2,823 | 4,673 | -2,831 | 86 | 4,691 | 9,779 | 10,247 | 12,766 | 21,344 | 8,022 | 11,131 | 10,673 | 11,069 |
| OPM % | 6% | 10% | -7% | 0% | 8% | 15% | 17% | 18% | 21% | 8% | 11% | 10% | 10% |
| 3,086 | 913 | 527 | 271 | 438 | 98 | 165 | 1,032 | 667 | 1,614 | 308 | 778 | 728 | |
| Interest | 968 | 1,454 | 2,300 | 2,528 | 2,823 | 3,155 | 3,487 | 2,817 | 1,698 | 2,037 | 2,474 | 2,793 | 2,290 |
| Depreciation | 1,717 | 1,773 | 2,402 | 2,680 | 3,065 | 3,385 | 3,755 | 4,102 | 4,274 | 4,963 | 5,277 | 5,650 | 5,933 |
| Profit before tax | 3,225 | 2,359 | -7,008 | -4,851 | -759 | 3,338 | 3,171 | 6,879 | 16,039 | 2,637 | 3,688 | 3,009 | 3,574 |
| Tax % | 19% | 11% | -43% | -42% | -37% | 35% | 36% | 44% | 25% | 28% | 26% | 29% | |
| 2,616 | 2,093 | -4,021 | -2,833 | -482 | 2,179 | 2,022 | 3,850 | 12,015 | 1,903 | 2,733 | 2,148 | 2,732 | |
| EPS in Rs | 6.33 | 5.07 | -9.74 | -6.86 | -1.17 | 5.27 | 4.89 | 9.32 | 29.09 | 4.61 | 6.62 | 5.20 | 6.61 |
| Dividend Payout % | 32% | 39% | 0% | 0% | 0% | 9% | 0% | 30% | 30% | 33% | 30% | 31% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 11% |
| 3 Years: | 0% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -1% |
| 3 Years: | -42% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 19% |
| 3 Years: | 24% |
| 1 Year: | 46% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 9% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4,131 |
| Reserves | 38,536 | 39,374 | 35,065 | 31,879 | 31,583 | 34,021 | 35,647 | 39,364 | 47,887 | 48,009 | 50,000 | 51,526 | 51,842 |
| 25,281 | 29,898 | 34,980 | 41,396 | 45,409 | 45,170 | 54,127 | 37,677 | 17,284 | 30,773 | 36,315 | 36,934 | 33,663 | |
| 24,217 | 26,140 | 26,389 | 29,363 | 33,388 | 33,364 | 31,462 | 34,831 | 48,709 | 45,099 | 47,395 | 40,669 | 42,024 | |
| Total Liabilities | 92,165 | 99,542 | 100,564 | 106,768 | 114,511 | 116,685 | 125,366 | 116,002 | 118,011 | 128,012 | 137,841 | 133,260 | 131,660 |
| 26,771 | 36,169 | 45,925 | 50,285 | 58,612 | 61,359 | 69,019 | 67,600 | 73,657 | 73,524 | 72,408 | 73,288 | 72,410 | |
| CWIP | 33,651 | 29,196 | 24,927 | 23,275 | 18,395 | 16,014 | 8,752 | 8,878 | 4,017 | 4,891 | 6,141 | 7,206 | 8,842 |
| Investments | 720 | 919 | 1,293 | 1,395 | 1,491 | 1,585 | 1,585 | 1,595 | 1,624 | 1,673 | 1,694 | 1,759 | 1,809 |
| 31,024 | 33,259 | 28,420 | 31,811 | 36,012 | 37,728 | 46,011 | 37,929 | 38,712 | 47,924 | 57,599 | 51,006 | 48,599 | |
| Total Assets | 92,165 | 99,542 | 100,564 | 106,768 | 114,511 | 116,685 | 125,366 | 116,002 | 118,011 | 128,012 | 137,841 | 133,260 | 131,660 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,883 | 2,744 | 3,800 | 2,125 | 6,158 | 7,302 | -651 | 23,396 | 30,964 | -5,406 | 2,933 | 9,888 | |
| -7,192 | -5,160 | -4,558 | -5,439 | -6,469 | -3,756 | -4,236 | -3,273 | -3,975 | -3,234 | -4,280 | -5,233 | |
| 1,247 | 2,362 | 743 | 3,302 | 269 | -3,591 | 5,006 | -19,808 | -27,398 | 8,587 | 1,354 | -4,384 | |
| Net Cash Flow | -62 | -55 | -16 | -12 | -41 | -45 | 119 | 315 | -409 | -53 | 7 | 272 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 26 | 30 | 24 | 25 | 24 | 52 | 43 | 17 | 19 | 29 | 27 |
| Inventory Days | 279 | 383 | 307 | 274 | 226 | 243 | 371 | 207 | 170 | 180 | 222 | 211 |
| Days Payable | 58 | 77 | 83 | 90 | 99 | 90 | 98 | 107 | 145 | 92 | 103 | 75 |
| Cash Conversion Cycle | 264 | 331 | 254 | 208 | 152 | 178 | 325 | 143 | 42 | 106 | 147 | 163 |
| Working Capital Days | -32 | -64 | -137 | -171 | -88 | -51 | -25 | -79 | -39 | -41 | -20 | -18 |
| ROCE % | 5% | 5% | -6% | -3% | 3% | 8% | 8% | 11% | 24% | 6% | 8% | 7% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2 Feb - Audio of Feb 2, 2026 call on quarter and nine-month results ended Dec 31, 2025 posted.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jan
- Announcement under Regulation 30 (LODR)-Investor Presentation 30 Jan
-
Board Meeting Outcome for Unaudited Financial Results For The Quarter/Nine Months Ended 31St December, 2025.
30 Jan - SAIL approved Q3/9M results for 31 Dec 2025; auditor qualified on ₹1,146.44cr water demand and ₹344.75cr DVC refund
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025TranscriptPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptPPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Jun 2018TranscriptAI SummaryPPT
Overview
The company is a state-owned steel producer, with the GOI holding a 65% majority stake as of June 2024. It holds Maharatna status and is one of India's largest steel producers. [1] [2]