S.A.L Steel Ltd

₹ 18.2 0.05%

10 Jun - 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

Market Cap ₹ 155 Cr.
Current Price ₹ 18.2
High / Low ₹ 31.2 / 15.7
Stock P/E
Book Value ₹ 4.56
Dividend Yield 0.00 %
ROCE 7.05 %
ROE -5.62 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Cons

Stock is trading at 3.99 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 5.97% over past five years.
Company has a low return on equity of 1.44% over last 3 years.
Contingent liabilities of Rs.73.5 Cr.
Promoters have pledged 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

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	186.48	118.70	137.36	142.14	112.31	153.64	157.00	129.53	139.46	110.71	123.52	193.82	116.94
	176.70	116.05	130.23	134.83	106.52	148.00	151.23	127.26	130.16	104.73	117.65	181.73	117.09
Operating Profit	9.78	2.65	7.13	7.31	5.79	5.64	5.77	2.27	9.30	5.98	5.87	12.09	-0.15
OPM %	5.24%	2.23%	5.19%	5.14%	5.16%	3.67%	3.68%	1.75%	6.67%	5.40%	4.75%	6.24%	-0.13%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.16	0.00
Interest	0.09	0.10	0.57	3.85	3.30	3.14	3.20	3.22	3.17	3.18	3.22	4.87	5.10
Depreciation	2.29	2.38	2.39	2.38	2.39	2.38	2.40	2.38	2.46	2.60	2.55	2.58	2.84
Profit before tax	7.40	0.17	4.17	1.08	0.10	0.12	0.17	-3.33	3.67	0.20	0.10	0.48	-8.09
Tax %	33.11%	17.65%	35.25%	24.07%	220.00%	16.67%	17.65%	-25.53%	26.43%	20.00%	40.00%	241.67%	-26.21%
	4.95	0.14	2.70	0.82	-0.12	0.10	0.14	-2.48	2.70	0.16	0.06	-0.68	-5.97
EPS in Rs	0.58	0.02	0.32	0.10	-0.01	0.01	0.02	-0.29	0.32	0.02	0.01	-0.08	-0.70
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
	326	363	327	361	446	571	408	301	505	496	577	545
	326	337	304	351	440	562	426	301	509	487	555	521
Operating Profit	-0	26	23	10	6	9	-18	-0	-4	8	21	24
OPM %	-0%	7%	7%	3%	1%	2%	-4%	-0%	-1%	2%	4%	4%
	2	-47	-31	2	66	-19	44	22	29	14	2	-4
Interest	30	30	12	1	1	2	2	0	0	8	13	17
Depreciation	17	9	8	8	8	8	8	9	9	10	10	11
Profit before tax	-47	-59	-29	4	64	-19	17	12	16	6	1	-7
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
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
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:	-583%

Stock Price CAGR
10 Years:	27%
5 Years:	49%
3 Years:	27%
1 Year:	-9%

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	-1	-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	-116	-139	-149	-43	35	25	10	35	19	32	25	54
ROCE %	-6%	10%	18%	5%	1%	2%	11%	7%	10%	8%	8%	7%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 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%	0.00%	0.07%	0.05%	0.00%
	49.44%	49.44%	49.44%	49.44%	49.44%	49.44%	49.43%	49.44%	49.43%	49.36%	49.38%	49.44%
No. of Shareholders	44,846	43,802	41,646	41,905	42,111	43,284	55,589	69,413	66,360	65,097	63,904	64,486

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	50.56%	50.56%	50.56%	50.56%	50.56%	50.56%	50.56%	50.56%	50.56%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	49.43%	49.43%	49.44%	49.44%	49.44%	49.44%	49.44%	49.44%	49.44%
No. of Shareholders	28,231	26,765	25,614	25,144	25,207	42,958	41,905	69,413	64,486

* 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

Announcements

All

Annual reports

DRHP

Credit ratings

Rating update
5 Oct 2015 from icra