S.A.L Steel Ltd

S.A.L Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

S.A.L Steel Ltd

₹ 27.6 0.15%
10 Oct - close price
salsteel.co.in BSE: 532604 NSE: SALSTEEL
About

Incorporated in 2003, SAL Steel Ltd does manufacturing of Sponge Iron, Ferro Alloys and Power[1]

Key Points

Product Profile:[1]
SSL is a Steel, Ferro Alloys and Power Company having operations near Kandla Port in Gujarat. It deals in:
a) Direct Reduced Iron (DRI/Sponge Iron)
b) Ferro Alloys
c) Iron Ore pellets
d) Various finished steel products

Website BSE NSE - BE
  • Market Cap ₹ 234 Cr.
  • Current Price ₹ 27.6
  • High / Low ₹ 36.6 / 14.4
  • Stock P/E
  • Book Value ₹ 4.56
  • Dividend Yield 0.00 %
  • ROCE 7.05 %
  • ROE -5.62 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company's working capital requirements have reduced from 25.4 days to 18.8 days

Cons

  • Stock is trading at 6.05 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.94% over past five years.
  • Company has a low return on equity of 1.44% over last 3 years.
  • Contingent liabilities of Rs.77.6 Cr.
  • Promoters have pledged or encumbered 45.4% of their holding.

* 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 Sponge Iron

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Quarterly Results

Figures in Rs. Crores

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
118.70 137.36 142.14 112.31 153.64 157.00 129.53 139.46 110.71 123.52 193.82 116.94 127.68
116.05 130.23 134.83 106.52 148.00 151.23 127.26 130.16 104.73 117.65 181.73 117.09 133.00
Operating Profit 2.65 7.13 7.31 5.79 5.64 5.77 2.27 9.30 5.98 5.87 12.09 -0.15 -5.32
OPM % 2.23% 5.19% 5.14% 5.16% 3.67% 3.68% 1.75% 6.67% 5.40% 4.75% 6.24% -0.13% -4.17%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.16 0.00 0.00
Interest 0.10 0.57 3.85 3.30 3.14 3.20 3.22 3.17 3.18 3.22 4.87 5.10 4.93
Depreciation 2.38 2.39 2.38 2.39 2.38 2.40 2.38 2.46 2.60 2.55 2.58 2.84 2.69
Profit before tax 0.17 4.17 1.08 0.10 0.12 0.17 -3.33 3.67 0.20 0.10 0.48 -8.09 -12.94
Tax % 17.65% 35.25% 24.07% 220.00% 16.67% 17.65% -25.53% 26.43% 20.00% 40.00% 241.67% -26.21% -25.27%
0.14 2.70 0.82 -0.12 0.10 0.14 -2.48 2.70 0.16 0.06 -0.68 -5.97 -9.67
EPS in Rs 0.02 0.32 0.10 -0.01 0.01 0.02 -0.29 0.32 0.02 0.01 -0.08 -0.70 -1.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
326 363 327 361 446 571 408 301 505 496 577 544 562
326 337 304 351 440 562 426 301 509 487 555 521 549
Operating Profit -0 26 23 10 6 9 -18 -0 -4 8 21 23 12
OPM % -0% 7% 7% 3% 1% 2% -4% -0% -1% 2% 4% 4% 2%
2 -47 -31 2 66 -19 44 22 29 14 2 -3 -4
Interest 30 30 12 1 1 2 2 0 0 8 13 17 18
Depreciation 17 9 8 8 8 8 8 9 9 10 10 11 11
Profit before tax -47 -59 -29 4 64 -19 17 12 16 6 1 -7 -20
Tax % -24% 28% 0% 75% 34% 16% 7% 7% 29% 36% 26% -12%
-35 -76 -29 1 42 -22 16 12 12 4 0 -6 -16
EPS in Rs -4.17 -8.93 -3.39 0.10 4.99 -2.54 1.87 1.36 1.36 0.42 0.06 -0.76 -1.91
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 3%
TTM: 5%
Compounded Profit Growth
10 Years: 7%
5 Years: %
3 Years: %
TTM: -2650%
Stock Price CAGR
10 Years: 32%
5 Years: 60%
3 Years: 28%
1 Year: 4%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 1%
Last Year: -6%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 85 85 85 85 85 85 85 85 85 85 85 85
Reserves -15 -91 -120 -124 -65 -86 -70 -59 -47 -43 -43 -46
176 121 86 172 175 170 161 146 124 125 125 178
167 172 199 162 87 114 139 123 129 110 117 122
Total Liabilities 413 287 250 296 282 283 314 295 291 277 284 338
156 147 140 133 128 126 118 155 146 136 143 151
CWIP 104 56 25 25 25 11 46 1 1 3 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
153 83 86 138 130 147 150 139 144 137 140 187
Total Assets 413 287 250 296 282 283 314 295 291 277 284 338

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-17 22 2 -6 7 -4 54 24 22 8 26 -21
1 0 -1 -1 -3 8 -35 -1 0 -2 -13 -18
11 -22 -1 7 -3 -6 -18 -22 -22 -7 -13 39
Net Cash Flow -4 0 -0 0 1 -2 0 1 0 -1 0 -0

Ratios

Figures in Rs. Crores

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 54 13 45 51 28 58 107 104 40 51 42 45
Inventory Days 57 43 48 92 85 28 22 56 47 57 40 81
Days Payable 35 34 38 44 30 43 75 111 46 28 32 17
Cash Conversion Cycle 76 22 55 99 83 43 54 50 41 81 50 110
Working Capital Days -201 -216 -228 -43 35 23 10 8 -71 32 25 19
ROCE % -6% 10% 18% 5% 1% 2% 11% 7% 10% 8% 8% 7%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.05% 0.00% 0.15%
49.44% 49.44% 49.44% 49.44% 49.44% 49.43% 49.44% 49.43% 49.36% 49.38% 49.44% 49.29%
No. of Shareholders 43,80241,64641,90542,11143,28455,58969,41366,36065,09763,90464,48663,565

* 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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