Steel Authority of India Ltd

Steel Authority of India Ltd

₹ 201 2.38%
22 May - close price
About

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)

Key Points

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]

  • Market Cap 83,110 Cr.
  • Current Price 201
  • High / Low 210 / 118
  • Stock P/E 22.6
  • Book Value 141
  • Dividend Yield 0.80 %
  • ROCE 7.84 %
  • ROE 6.48 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 30.3%

Cons

  • The company has delivered a poor sales growth of 9.90% over past five years.
  • Company has a low return on equity of 5.67% over last 3 years.
  • Contingent liabilities of Rs.40,112 Cr.
  • Company might be capitalizing the interest cost

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
29,131 24,358 29,714 23,345 27,958 23,998 24,675 24,490 29,316 25,921 26,704 27,371 30,813
26,217 22,710 25,845 21,205 24,483 21,778 21,770 22,465 25,835 23,157 24,178 25,073 26,407
Operating Profit 2,914 1,647 3,869 2,140 3,475 2,219 2,904 2,025 3,481 2,765 2,526 2,298 4,406
OPM % 10% 7% 13% 9% 12% 9% 12% 8% 12% 11% 9% 8% 14%
447 442 -241 255 -149 -112 269 393 271 161 -35 331 26
Interest 517 613 605 614 642 691 758 679 664 595 484 547 532
Depreciation 1,364 1,275 1,326 1,321 1,356 1,402 1,304 1,420 1,523 1,441 1,453 1,515 1,576
Profit before tax 1,480 202 1,696 461 1,329 14 1,113 318 1,564 890 553 568 2,324
Tax % 29% 26% 27% 28% 24% 25% 25% 60% 25% 23% 23% 22% 28%
1,049 150 1,241 331 1,011 11 834 126 1,178 685 427 442 1,680
EPS in Rs 2.54 0.36 3.00 0.80 2.45 0.03 2.02 0.30 2.85 1.66 1.03 1.07 4.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
45,660 38,746 44,452 57,558 66,967 61,661 69,110 103,473 104,447 105,375 102,478 110,810
40,986 41,578 44,366 52,868 57,188 51,414 56,344 82,129 96,425 94,243 91,805 98,816
Operating Profit 4,673 -2,831 86 4,691 9,779 10,247 12,766 21,344 8,022 11,131 10,673 11,995
OPM % 10% -7% 0% 8% 15% 17% 18% 21% 8% 11% 10% 11%
913 527 271 438 98 165 1,032 667 1,614 308 778 483
Interest 1,454 2,300 2,528 2,823 3,155 3,487 2,817 1,698 2,037 2,474 2,793 2,158
Depreciation 1,773 2,402 2,680 3,065 3,385 3,755 4,102 4,274 4,963 5,277 5,650 5,985
Profit before tax 2,359 -7,008 -4,851 -759 3,338 3,171 6,879 16,039 2,637 3,688 3,009 4,334
Tax % 11% -43% -42% -37% 35% 36% 44% 25% 28% 26% 29% 25%
2,093 -4,021 -2,833 -482 2,179 2,022 3,850 12,015 1,903 2,733 2,148 3,233
EPS in Rs 5.07 -9.74 -6.86 -1.17 5.27 4.89 9.32 29.09 4.61 6.62 5.20 7.83
Dividend Payout % 39% 0% 0% 0% 9% 0% 30% 30% 33% 30% 31% 30%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 2%
TTM: 8%
Compounded Profit Growth
10 Years: 11%
5 Years: -1%
3 Years: 30%
TTM: 53%
Stock Price CAGR
10 Years: 17%
5 Years: 10%
3 Years: 35%
1 Year: 60%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 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 39,374 35,065 31,879 31,583 34,021 35,647 39,364 47,887 48,009 50,000 51,526 54,065
29,898 34,980 41,396 45,409 45,170 54,127 37,677 17,284 30,773 36,315 36,934 31,922
26,140 26,389 29,363 33,388 33,364 31,462 34,831 48,709 45,099 47,395 40,669 43,136
Total Liabilities 99,542 100,564 106,768 114,511 116,685 125,366 116,002 118,011 128,012 137,841 133,260 133,253
36,169 45,925 50,285 58,612 61,359 69,019 67,600 73,657 73,524 72,408 73,288 75,946
CWIP 29,196 24,927 23,275 18,395 16,014 8,752 8,878 4,710 4,891 6,141 7,206 10,552
Investments 919 1,293 1,395 1,491 1,585 1,585 1,595 1,624 1,673 1,694 1,759 1,900
33,259 28,420 31,811 36,012 37,728 46,011 37,929 38,019 47,924 57,599 51,006 44,855
Total Assets 99,542 100,564 106,768 114,511 116,685 125,366 116,002 118,011 128,012 137,841 133,260 133,253

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,744 3,800 2,125 6,158 7,302 -651 23,396 30,964 -5,406 2,933 9,888 19,007
-5,160 -4,558 -5,439 -6,469 -3,756 -4,236 -3,273 -3,975 -3,234 -4,280 -5,233 -7,874
2,362 743 3,302 269 -3,591 5,006 -19,808 -27,398 8,587 1,354 -4,384 -11,409
Net Cash Flow -55 -16 -12 -41 -45 119 315 -409 -53 7 272 -276
Free Cash Flow -3,489 -695 -3,305 -453 3,423 -5,100 19,829 27,347 -9,321 -1,427 4,305 10,661
CFO/OP 70% -122% 2,424% 130% 74% -6% 183% 145% -62% 27% 99% 164%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 26 30 24 25 24 52 43 17 19 29 27 22
Inventory Days 383 307 274 226 243 371 207 170 180 222 211 156
Days Payable 77 83 90 99 90 98 107 143 92 103 75 72
Cash Conversion Cycle 331 254 208 152 178 325 143 44 106 147 163 105
Working Capital Days -64 -137 -171 -88 -51 -25 -79 -39 -41 -20 -18 -28
ROCE % 5% -6% -3% 3% 8% 8% 11% 24% 6% 8% 7% 8%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Dec 2026 (P)
Crude Steel Production
Million Tonnes

Log in to view insights

Please log in to see hidden values.

Login
Saleable Steel Production
Million Tonnes
Total Steel Sales
Million Tonnes
Labour Productivity
TCS/man/year
Coke Rate
kg/thm
Specific Energy Consumption
GCal/tcs
Crude Steel Capacity
MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00%
3.82% 3.69% 4.34% 3.18% 3.01% 2.82% 2.59% 3.21% 3.65% 3.76% 4.54% 5.01%
13.63% 14.61% 15.46% 15.86% 15.72% 16.04% 15.86% 15.75% 17.30% 18.10% 17.84% 18.40%
17.56% 16.70% 15.20% 15.96% 16.27% 16.15% 16.55% 16.05% 14.03% 13.14% 12.63% 11.58%
No. of Shareholders 14,99,83614,83,37115,03,77916,43,07318,42,45419,88,07620,40,66920,46,32619,08,38417,98,68717,07,51015,72,361

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls