Steel Authority of India Ltd

AI

Steel Authority of India Ltd

₹ 167 -0.09%
04 Nov 1:21 p.m.
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

Business Overview:[1][2]
The company is a state-owned steel producer, with the GOI holding a 65% majority stake as of Mar 2026. It holds Maharatna status and is one of India's largest steel producers.

  • Market Cap ₹ 68,918 Cr.
  • Current Price ₹ 167
  • High / Low ₹ 210 / 124
  • Stock P/E 11.5
  • Book Value ₹ 151
  • Dividend Yield 1.42 %
  • ROCE 7.92 %
  • ROE 6.57 %
  • Face Value ₹ 10.0

Pros

  • Stock is trading at 1.10 times its book value
  • Company has been maintaining a healthy dividend payout of 27.9%

Cons

  • The company has delivered a poor sales growth of 9.90% over past five years.
  • Company has a low return on equity of 5.85% over last 3 years.
  • Contingent liabilities of Rs.43,331 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
29,712 23,349 27,959 23,998 24,675 24,490 29,316 25,922 26,704 27,371 30,813 26,246 31,998
25,837 21,206 24,476 21,778 21,762 22,460 25,832 23,153 24,176 25,077 26,405 22,093 27,781
Operating Profit 3,875 2,142 3,483 2,220 2,913 2,030 3,484 2,769 2,528 2,294 4,409 4,153 4,216
OPM % 13% 9% 12% 9% 12% 8% 12% 11% 9% 8% 14% 16% 13%
-174 355 -43 -28 322 393 362 235 -34 248 202 87 240
Interest 605 614 642 691 758 680 664 595 484 547 532 493 523
Depreciation 1,327 1,321 1,356 1,402 1,304 1,421 1,524 1,441 1,453 1,516 1,577 1,560 1,609
Profit before tax 1,770 563 1,441 98 1,173 323 1,657 968 556 480 2,502 2,187 2,324
Tax % 26% 25% 22% 17% 24% 56% 25% 23% 25% 22% 27% 25% 25%
1,306 423 1,126 82 897 142 1,251 745 419 374 1,835 1,644 1,750
EPS in Rs 3.16 1.02 2.73 0.20 2.17 0.34 3.03 1.80 1.01 0.91 4.44 3.98 4.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
46,032 38,793 44,210 57,496 66,973 61,664 69,114 103,477 104,448 105,378 102,479 110,811 116,428
41,217 41,628 44,094 52,788 57,167 51,400 56,337 82,114 96,410 94,229 91,789 98,692 101,356
Operating Profit 4,815 -2,834 115 4,708 9,807 10,264 12,776 21,363 8,038 11,149 10,690 12,119 15,072
OPM % 10% -7% 0.3% 8% 15% 17% 18% 21% 8% 11% 10% 11% 13%
892 425 378 654 283 280 1,349 902 1,856 665 1,006 532 778
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 2,096
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 6,262
Profit before tax 2,245 -7,114 -4,716 -527 3,549 3,302 7,206 16,292 2,892 4,062 3,252 4,506 7,493
Tax % 14% -41% -42% -47% 34% 36% 42% 25% 25% 24% 27% 25%
1,939 -4,176 -2,756 -281 2,349 2,121 4,148 12,243 2,177 3,067 2,372 3,373 5,604
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 13.57
Dividend Payout % 41% 0% 0% 0% 9% 0% 28% 30% 28% 27% 28% 29%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 2%
TTM: 9%
Compounded Profit Growth
10 Years: 11%
5 Years: -1%
3 Years: 26%
TTM: 115%
Stock Price CAGR
10 Years: 13%
5 Years: 6%
3 Years: 25%
1 Year: 21%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 6%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 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 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 58,389
32,146 35,141 41,396 45,409 45,170 54,127 37,677 17,284 30,773 36,323 36,934 31,928 31,464
26,932 26,234 29,405 33,339 33,385 31,560 35,007 48,885 45,262 47,598 40,878 43,941 47,557
Total Liabilities 102,849 101,527 107,843 115,694 118,201 127,198 118,090 120,381 130,782 141,022 136,718 136,224 141,542
39,011 45,942 50,300 58,625 61,374 69,034 67,618 73,677 73,543 72,426 73,327 75,989 76,601
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 12,620
Investments 61 2,280 2,475 2,629 2,975 3,240 3,442 3,757 4,185 4,589 4,976 4,339 4,379
34,450 28,377 31,792 36,044 37,838 46,170 38,149 38,237 48,163 57,867 51,209 45,344 47,942
Total Assets 102,849 101,527 107,843 115,694 118,201 127,198 118,090 120,381 130,782 141,022 136,718 136,224 141,542

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,579 4,043 2,160 6,164 7,215 -618 23,430 30,987 -5,290 2,911 9,914 19,039
-6,292 -4,805 -5,467 -6,480 -3,694 -4,261 -3,295 -3,976 -3,371 -4,261 -5,268 -7,899
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 65% -132% 1,863% 134% 74% -5% 184% 145% -61% 27% 99% 163%

Ratios

Consolidated / View Standalone

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 25 52 43 17 19 29 27 21
Inventory Days 370 308 274 199 243 370 207 170 180 222 211 158
Days Payable 77 82 90 87 89 97 107 143 92 103 75 72
Cash Conversion Cycle 319 255 209 137 179 325 144 44 107 148 163 108
Working Capital Days -68 -137 -172 -87 -51 -24 -78 -39 -41 -20 -17 -27
ROCE % 5% -6% -2% 3% 9% 8% 11% 24% 6% 8% 7% 8%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Crude Steel Production
Million Tonne ・Standalone data

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Labour Productivity
tcs/man/year ・Standalone data
Saleable Steel Production
Million Tonne ・Standalone data
Sales Volume
Million Tonne ・Standalone data
BF Productivity
T/m3/Day ・Standalone data
CDI Rate (Coal Dust Injection)
kg/thm ・Standalone data
Coke Rate
kg/thm ・Standalone data
Iron Ore Production
Million Tonne ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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%
4.34% 3.18% 3.01% 2.82% 2.59% 3.21% 3.65% 3.76% 4.54% 5.01% 7.09% 7.30%
15.46% 15.86% 15.72% 16.04% 15.86% 15.75% 17.30% 18.10% 17.84% 18.40% 16.87% 16.49%
15.20% 15.96% 16.27% 16.15% 16.55% 16.05% 14.03% 13.14% 12.63% 11.58% 11.05% 11.19%
No. of Shareholders 15,03,77916,43,07318,42,45419,88,07620,40,66920,46,32619,08,38417,98,68717,07,51015,72,36115,09,42614,55,881

* 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.

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