Steel Authority of India Ltd share price logo

Steel Authority of India Ltd (SAIL)

₹147.892.05%

bell
Get free price alerts. Set up your Free investment account to get Live Prices.
Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 24 analysts

SELL

4.17%

Buy

29.17%

Hold

66.67%

Sell

Based on 24 analysts offering long term price targets for Steel Authority of India Ltd. An average target of ₹127.54

Source: S&P Global Market Intelligence

Steel Authority of India Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹146.7
    ₹150.8
  • 52 Week's Low

    52 Week's High

    ₹81.8
    ₹175.35
1 Month Return-1.58 %
3 Month Return+ 4.27 %
1 Year Return+ 67.21 %
Previous Close₹150.99
Open₹150.80
Volume2.45Cr
Upper Circuit-
Lower Circuit-
Market Cap₹62,366.80Cr

Key Statistics

P/E Ratio20.35
PEG Ratio9.46
Market Cap₹62,366.80 Cr
P/B Ratio0.66
EPS5.69

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Quant Mid Cap Fund Growth Option Direct PlanQuant Mid Cap Fund Growth Option Direct Plan6.18%
Quant Active Fund Growth Option Direct PlanQuant Active Fund Growth Option Direct Plan2.84%
Quant ELSS Tax Saver Growth Option Direct PlanQuant ELSS Tax Saver Growth Option Direct Plan2.39%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.4%
Quant Quantamental Fund Direct GrowthQuant Quantamental Fund Direct Growth6.12%

Company Information

Steel Authority of India Ltd (SAIL) is an Indian state-owned steel making company based in New Delhi, India. Incorporated on 24 January 1973, it is the largest steel-making company in India and one of the seven Maharatnas of the country's Central Public Sector Enterprises.

SAIL produces a wide range of steel products such as hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structural sections, plates, bars and rods, stainless steel and other alloy steels. Its top products include TMT bars, angles, channels, flats, rounds and squares. Its popular brands include Bhilai Steel, Durgapur Steel, Rourkela Steel, Bokaro Steel, Salem Steel and Alloy Steel Plant.

SAIL also produces and supplies a range of value-added products such as pipes and tubes, billets, blooms, ferro alloys, pig iron, slabs and hot rolled coils. It has also diversified into the production of wind energy, solar energy, and other renewable sources of energy.

Share Price: ₹147.89 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹62,366.80Cr as of today
Revenue: ₹27,958.52Cr as on March 2024 (Q1 24)
Net Profit: ₹1,125.68Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: Amarendu Prakash
OrganisationSteel Authority of India Ltd
HeadquartersNew Delhi
IndustrySteel
E-voting on sharesClick here to vote

Key events for Steel Authority of India Ltd

  • SAIL Expected to Report Net Profit of Rs. 560 Crore - 16 Jul, 2024

    Prabhudas Lilladher expects Steel Authority of India Ltd (SAIL) to report a net profit of Rs. 560 crore, up 273.6% YoY but down 44.6% QoQ. Net sales are expected to decrease by 0.7% YoY and 8.8% QoQ to Rs. 24,190 crore. EBITDA is likely to rise by 44.6% YoY and 16.8% QoQ to Rs. 2,380 crore.

  • Steel Officers Association Calls for Merger of RINL and SAIL - 14 Jul, 2024

    The Steel Officers Association has called for a merger of RINL and SAIL, leading to protests by family members of VSP employees demanding an immediate bailout package. The protesters also demanded priority sector status be given to the steel industry. If the re-merger takes place, SAIL would contribute to the development of the country.

  • SAIL Faces Pressure for Re-Merger with RINL - 13 Jul, 2024

    The Steel Authority of India Limited faces pressure from SEFI and VSP to re-merge with RINL, while its P/E ratio of 20.3x makes it appear attractive compared to other Indian companies.

  • SAIL Partners with PNB; Kotak Analysts Prefer Competitors - 12 Jul, 2024

    Steel Authority of India Ltd (SAIL) partners with Punjab National Bank (PNB) to offer discounted loans to its employees. Meanwhile, Kotak analysts recommend competitors Jindal Steel and Power and JSW Steel over SAIL due to expected low steel margins in H1 FY25.

  • NCLT Orders Handover of SAIL-SCL Kerala Limited to COSPL - 11 Jul, 2024

    The NCLT's order to hand over SAIL-SCL Kerala Limited (SSKL) to Chhattisgarh Outsourcing Services Private Limited has triggered protests from the Kerala government and employees. The mini-steel plant was founded in 1969 as a joint venture of the Kerala State Industrial Development Corporation and a private entrepreneur, mainly manufacturing TMT steel bars used for construction. In an attempt to save it, the Kerala government entered into a partnership with SAIL in 2010.

  • Unions Seek Merger of RINL-VSP with SAIL - 10 Jul, 2024

    Leaders of various unions fighting against the privatization proposal for more than 1,000 days are set to meet the Union Steel Minister and seek a merger of RINL-VSP with SAIL.

  • BJP Leader Advocates for Double Engine Government to Develop Andhra Pradesh - 09 Jul, 2024

    Sagi Kashi Viswanadha Raju, BJP Andhra Pradesh general secretary and independent director of SAIL, has stated that the development of Andhra Pradesh is only possible with a double engine government led by BJP. He also mentioned steps being taken to address financial crisis in Visakhapatnam Steel Plant.

  • SAIL Receives Support for Merger and Coking Coal Shipments - 08 Jul, 2024

    The Steel Exporters Association seeks a merger between SAIL and RINL for the benefit of the Indian steel industry. Meanwhile, JSW Steel and SAIL are set to receive coking coal shipments from Mongolia, which is expected to boost their production.

  • SAIL to Invest Rs 6,500 Crore in Capex - 06 Jul, 2024

    Steel Authority of India Ltd (SAIL) plans to invest Rs 6,500 crore towards capital expenditure during the current financial year as part of its Rs 1 lakh crore investment plan over the next few years.

  • SAIL Shares Rise on Merger Proposal & Investment Plan - 05 Jul, 2024

    Shares of SAIL rose 3% on a proposed merger with three other companies. Meanwhile, SAIL announced an investment of Rs 6,500 crore towards capex in FY25 as part of its Rs 1 lakh crore investment plan over the next few years.

  • SAIL Joins LeadIT to Strengthen Climate Action Commitment - 02 Jul, 2024

    Steel Authority of India Ltd (SAIL) has joined LeadIT in Sweden, gaining access to sectoral and cross-sectoral learning, new technologies, and innovative opportunities. This move aligns with SAIL's commitment to climate action and global efforts to combat climate change.

  • SAIL Outlook Improves Despite HNIs Trimming Exposure - 01 Jul, 2024

    Steel Authority of India Ltd (SAIL) sees improved outlook for steel companies despite high net worth individuals trimming their exposure to the company. A new shipping route from Russia to India via Iran is expected to benefit SAIL by providing a steady and cost-effective supply of coal.

  • SAIL asked to streamline rolling stock manufacturing operations - 30 Jun, 2024

    The Ministry of Railways has directed Steel Authority of India (SAIL) to prioritize meeting its delivery commitments and streamline its rolling stock manufacturing operations. SAIL's delivery of wheels has been falling short, with the supply for Q1FY25 only at 64% of the target. Critical deliveries like WAP-5 locomotive wheels and ICF axles have also been behind schedule.

  • SAIL Revokes Suspension of Directors and Officials - 29 Jun, 2024

    The Steel Authority of India Ltd has lifted the suspension of several officials, including two directors, following orders from the Ministry of Steel. This decision is in compliance with SEBI regulations.

  • BJP Leader Urges Merger of RINL with SAIL; SAIL Under F&O Trade Ban - 27 Jun, 2024

    BJP's Daggubati Purandeswari has urged the Union Steel Minister to consider merging RINL with SAIL. Meanwhile, SAIL is one of the five stocks under an F&O trade ban due to its open interest exceeding 95% of the market-wide position limits.

  • InCred Suggests Selling Tata Steel and SAIL Shares - 26 Jun, 2024

    Financial services company InCred has recommended selling shares of Tata Steel and Steel Authority of India Ltd (SAIL) due to their significant gains this year. Tata Steel's stock is up 25% YTD, while SAIL's has risen over 16%. Over the last one-year period, both stocks have seen impressive growth.

  • SAIL Introduces Work Flexibility for Employees - 24 Jun, 2024

    Steel Authority of India Limited (SAIL) is bringing in work flexibility and agility for over 55,000 employees.

  • SEFI and VSEA demand merger of VSP with SAIL - 23 Jun, 2024

    The Steel Executives Federation of India (SEFI) and Visakhapatnam Steel Executives Association (VSEA) are demanding the Union Ministry of Steel to merge the Vizag Steel Plant (VSP) with the Steel Authority of India Limited (SAIL). SEFI office-bearers met Union Minister of Steel H.D Kumaraswamy, while VSEA representatives met Ministry of Steel Joint Secretary Vinod Kumar Tripathi.

  • SAIL Recognized as One of India's Best Employers - 20 Jun, 2024

    Steel Authority of India Ltd has been recognized as one of India's Best Employers among Nation-Builders for 2024 by Great Place To Work Institute India. The share price of the company is trading at Rs 153.48, up by 2.35%.

  • Rising Steel Prices Boost SAIL Stock - 18 Jun, 2024

    Steel Authority of India Ltd's stock has returned at least 25% this year, outperforming JSW Steel, due to rising steel prices. However, SAIL is among the six stocks under F&O trade ban as its open interest crosses 95% of MWPL. Additionally, SAIL's net debt has increased to ₹299.3b, making it a somewhat risky investment.

Insights on Steel Authority of India Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 5.18% to 6.20% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 23.70K Cr → 28.41K Cr (in ₹), with an average increase of 16.6% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 15.20% to 15.96% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, SAIL stock has moved up by 33.6%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 422.92 Cr → 1.12K Cr (in ₹), with an average increase of 62.4% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 89.9% return, outperforming this stock by 22.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 156.7% return, outperforming this stock by 137.5%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 65.00% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 4.34% to 3.18% in Mar 2024 quarter

News

SEFI to join VSP’s 12-hour protest for re-merger of RINL with SAIL

SEFI chairman visits VSP, highlights need for re-merger with SAIL to address steel sector issues. Protest planned.

13 Jul, 2024 09:19 PM

Family members of VSP employees take part in a 12-hour march seeking merger of RINL and SAIL

Family members of VSP employees march for RINL & SAIL merger, demanding a bailout package and priority sector status for steel.

14 Jul, 2024 09:28 PM

Stocks under ₹ 200 to benefit from union budget 2024-25 to keep watch on

India aims to reach a $5 trillion economy by 2028. Currently, it ranks as the world's fifth-largest economy, with an estimated GDP of $3.7 trillion for the fisc... Read more

16 Jul, 2024 01:34 PM
View More

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹27,958.52Cr
↑19.74%
Net Income
₹1,125.68Cr
↑166.17%
Net Profit Margin
4.03%
↑122.65%
2023Y/Y Change
Revenue
₹1,04,447.72Cr
↑0.94%
Net Income
₹2,176.53Cr
↓82.22%
Net Profit Margin
2.08%
↓82.42%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹1,30,364.94Cr
↑8.40%
Total Liabilities
₹78,225.76Cr
↑14.63%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹5,406.49Cr
↓117.46%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
65%
0.00
Foreign Institutions
3.18%
0.00
Mutual Funds
6.2%
0.00
Retail Investors
15.96%
0.00
Others
9.66%
0.00

Key Indicators

Steel Authority of India Ltd Valuation

Steel Authority of India Ltd in the last 5 years

  • Overview

  • Trends

Lowest (2.19x)

June 20, 2022

Today (20.35x)

July 16, 2024

Industry (29.59x)

July 16, 2024

Highest (857.50x)

January 15, 2020

LowHigh

Earnings and Dividends

  • Steel Authority of India Ltd Earnings Results

    Steel Authority of India Ltd’s net profit fell -2.89% since last year same period to ₹1,125.68Cr in the Q4 2023-2024. On a quarterly growth basis, Steel Authority of India Ltd has generated 166.17% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Steel Authority of India Ltd Dividends February,2024

    In the quarter ending December 2023, Steel Authority of India Ltd has declared dividend of ₹1 - translating a dividend yield of 1.66%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Steel Authority of India Ltd is currently in a Bearish trading position according to technical analysis indicators.

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Steel Authority of India Ltd shares.

Steel Authority of India Ltd (SAIL) share price today is ₹147.89

Steel Authority of India Ltd is listed on NSE

Steel Authority of India Ltd is listed on BSE

  • Today’s highest price of Steel Authority of India Ltd is ₹150.8.
  • Today’s lowest price of Steel Authority of India Ltd is ₹146.7.

PE Ratio of Steel Authority of India Ltd is 20.35

PE ratio = Steel Authority of India Ltd Market price per share / Steel Authority of India Ltd Earnings per share

Today’s traded volume of Steel Authority of India Ltd(SAIL) is 2.45Cr.

Today’s market capitalisation of Steel Authority of India Ltd(SAIL) is ₹62366.8Cr.

Steel Authority of India Ltd(SAILPrice
52 Week High
₹175.35
52 Week Low
₹81.8

Steel Authority of India Ltd(SAIL) share price is ₹147.89. It is down -15.66% from its 52 Week High price of ₹175.35

Steel Authority of India Ltd(SAIL) share price is ₹147.89. It is up 80.79% from its 52 Week Low price of ₹81.8

Steel Authority of India Ltd(SAILReturns
1 Day Returns
-3.1%
1 Month Returns
-1.58%
3 Month Returns
4.27%
1 Year Returns
67.21%