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Steel Authority of India Ltd share price logo

Steel Authority of India Ltd

(SAIL)

₹119.081.68%

as on 04:01PM, 02 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Steel Authority of India Ltd Analyst Rating

based on 26 analysts

SELL

7.69%

Buy

34.62%

Hold

57.69%

Sell

Based on 26 analysts offering long term price targets for Steel Authority of India Ltd. An average target of ₹113.58

Source: S&P Global Market Intelligence

Steel Authority of India Ltd Share analysis

Steel Authority of India Ltd price forecast by 26 analysts

Downside of-3.01%

High

₹143

Target

₹113.58

Low

₹55

Steel Authority of India Ltd target price ₹113.58, a slight downside of -3.01% compared to current price of ₹119.08. According to 26 analysts rating.

Source: S&P Global Market Intelligence

Steel Authority of India Ltd Performance

  • Day's Low

    Day's High

    ₹115.86
    ₹119.42
  • 52 Week's Low

    52 Week's High

    ₹90.65
    ₹175.35
1 Month Return+ 2.82 %
3 Month Return-12.06 %
1 Year Return+ 24.59 %
Previous Close₹117.11
Open₹116.50
Volume1.32Cr
Upper Circuit-
Lower Circuit-
Market Cap₹48,372.58Cr

Steel Authority of India Ltd Key Statistics

P/E Ratio19.14
PEG Ratio-11.46
Market Cap₹48,372.58 Cr
P/B Ratio1.02
EPS7.42
Dividend Yield0
SectorSteel
ROE6.14

Steel Authority of India Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
SELL₹48,372.58 Cr39.3%0.73₹3,066 Cr₹1,05,378 Cr
BUY₹44,472.20 Cr91.46%0.53₹1,988 Cr₹13,149 Cr
BUY₹92,465.89 Cr93.7%0.60₹5,943 Cr₹50,354 Cr
SELL₹2,13,209.60 Cr27.27%0.70₹7,759 Cr₹28,932 Cr
BUY₹42,083.82 Cr167.99%0.54₹732 Cr₹18,118 Cr

About Steel Authority of India Ltd

Steel Authority of India Limited (SAIL) is one of India's largest steel-making companies and a prominent public sector enterprise. Incorporated in 1954, SAIL was founded by the Government of India and is headquartered in New Delhi. The company is registered under the Company Identification Number (CIN) L27109DL1973GOI006454. SAIL operates in the steel and mining sector, producing a wide range of steel products, including flat and long steel, specialty steel, and value-added steel.

SAIL has several integrated steel plants and special steel plants across India, such as those in Bhilai, Bokaro, Rourkela, Durgapur, and Burnpur. The company operates primarily in India but also exports its products to various international markets. SAIL does not have specific sub-brands but operates through its various plants and units. A notable fact about SAIL is that it is one of the leading steel producers in the world, with a significant share of the Indian steel market. Another interesting fact is that SAIL has undertaken joint ventures and collaborations to enhance its technological capabilities and product offerings.

SAIL is a government-owned entity, with the Ministry of Steel, Government of India. The company has not been heavily involved in mergers and acquisitions but focuses on expanding its production capacity and modernizing its facilities to maintain its competitive edge in the steel industry.

Share Price: ₹119.08 per share as on 02 Dec, 2024 04:01 PM
Market Capitalisation: ₹48,372.58Cr as of today
Revenue: ₹24,675.20Cr as on September 2024 (Q3 24)
Net Profit: ₹897.15Cr as on September 2024 (Q3 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

  • John Cockerill and SAIL Partner for Sustainable Steel Solutions - 01 Dec, 2024

    John Cockerill India Limited has partnered with Steel Authority of India Limited to innovate in steelmaking processes, focusing on green technologies and sustainable practices, including a potential joint venture for carbon steel processing.
  • SAIL Partners with John Cockerill for Green Steel - 29 Nov, 2024

    Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding with John Cockerill India to collaborate on innovative and sustainable steel production technologies, focusing on reducing carbon emissions and enhancing efficiency in the steel industry.
  • SAIL Partners with John Cockerill for Green Steel - 28 Nov, 2024

    Steel Authority of India Ltd (SAIL) has entered a partnership with John Cockerill India to advance sustainable steelmaking technologies, focusing on green steel production and innovative processing methods.
  • SAIL Negotiates Coking Coal Imports from Mongolia - 27 Nov, 2024

    JSW Steel and Steel Authority of India Ltd are negotiating with Mongolian authorities to import coking coal, with SAIL targeting 75,000 metric tons to diversify supply sources.
  • SAIL to Import Coking Coal from Mongolia - 26 Nov, 2024

    Steel Authority of India Ltd (SAIL) aims to import 75,000 metric tons of coking coal from Mongolia, enhancing supplier diversification efforts.
  • SAIL Partners with Adani for Iron Mine Development - 22 Nov, 2024

    Steel Authority of India Ltd (SAIL) has signed a long-term agreement with Adani Enterprises to develop the Taldih Iron Mine, increasing production capacity from 2 MTPA to 7 MTPA. This initiative aims to secure a stable iron ore supply for SAIL's operations and support future expansions, contributing to the growth of India's steel industry.
  • Dasgupta's Leadership Role at SAIL Highlighted - 17 Nov, 2024

    Dasgupta, with a career starting in 1991, recently served as Executive Director (Mines) at SAIL's Jharkhand Group, focusing on system improvements and capacity expansion.
  • SAIL's Eco-Friendly Investment Initiative - 15 Nov, 2024

    Sagi Kashi Viswanatha Raju, Independent Director at SAIL, highlights a state government initiative aimed at generating wealth from solid waste, cow dung, and sugar molasses, which will enhance agricultural yield.
  • SAIL Faces Safety Incident Amid Stock Concerns - 13 Nov, 2024

    Steel Authority of India Ltd (SAIL) faces challenges as three workers fell ill from a gas leak at Bhilai Steel Plant, raising safety concerns. Additionally, the stock shows a breakdown pattern with support at Rs 107 and resistance at Rs 120.
  • Balmer Lawrie Signs Leasing Agreement with GATX India - 12 Nov, 2024

    Balmer Lawrie & Co. has signed an agreement with GATX India to lease three rakes of BFNS 22.9t wagons for transporting finished steel products from SAIL's Rourkela Steel Plant over distances exceeding 1000 km.
  • SAIL Faces Challenges Amid Price Adjustments and Weak Performance - 11 Nov, 2024

    SAIL is experiencing operational challenges with declining sales volumes and prices. Analysts have adjusted target prices downward, reflecting concerns over performance and market conditions.
  • SAIL Reports Improvement in Steel Prices - 09 Nov, 2024

    Steel Authority of India Ltd (SAIL) reported a 2% increase in domestic steel prices for long products, reaching ₹53,000 per tonne in October. However, flat product prices declined by 4% to ₹47,000 per tonne. Blended realizations improved from ₹48,000 in October to ₹48,500-49,000 in November, compared to an average of ₹50,500 in Q2.
  • SAIL Faces Profit Decline Amid Market Challenges - 08 Nov, 2024

    Steel Authority of India Ltd (SAIL) reported a significant decline in Q2 FY25 profits, with net profit down 32.7% to Rs 834 crore. The stock dropped 7% following the announcement, attributed to weaker steel prices and increased cheap imports. Despite challenges, SAIL anticipates better performance in H2 FY25.
  • SAIL Reports Significant Q2 Profit Decline - 07 Nov, 2024

    Steel Authority of India Ltd (SAIL) announced a 31% decline in consolidated net profit for Q2, totaling Rs 897.15 crore. Total income also fell by 16.8% to Rs 24,842.18 crore, influenced by lower steel prices and muted demand. The company anticipates better performance in the second half of FY25, despite current challenges.
  • SAIL Enhances Leadership Skills Through New Initiatives - 05 Nov, 2024

    Steel Authority of India Limited (SAIL) signed an MoU with the Administrative Staff College of India for specialized leadership courses. This initiative is part of SAIL's Learning & Development strategy, which includes new HR policies like Work from Other than Workplace (WoW) and collaboration with LinkedIn Learning Hub for employee upskilling.
  • SAIL Signs MoU for Academic Collaboration - 04 Nov, 2024

    Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with ASCI Hyderabad for academic collaboration, focusing on customized Management Development Programs for newly promoted executives. This initiative is part of SAIL's Learning & Development strategy to enhance leadership skills among its executives.
  • Coal India Joint Ventures Boost Steel Sector Projects - 03 Nov, 2024

    Major projects are underway in the steel sector, including joint ventures between Coal India and companies like BHEL, GAIL, and SAIL in Odisha and West Bengal.
  • SAIL Prepares for Q2 Results Amid Profit Decline - 02 Nov, 2024

    Steel Authority of India Ltd (SAIL) will announce its Q2 FY25 results on November 7, 2024. The company reported a 60% decline in Q1 net profit to Rs 81.78 crore, with total income down 2.61%. Despite recent challenges, SAIL shares have shown positive returns over various timeframes, including a 41.79% increase over the past year.

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

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 24.28K Cr → 24.99K Cr (in ₹), with an average increase of 2.9% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 81.78 Cr → 897.15 Cr (in ₹), with an average increase of 90.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 156.0% return, outperforming this stock by 144.0%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Jindal Steel & Power Ltd has given 33.0% return, outperforming this stock by 8.4%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, SAIL stock has moved down by -29.6%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 6.37% to 5.92% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 16.27% to 16.15% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 3.00% to 2.82% in Sep 2024 quarter

Steel Authority of India Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹29,712.07Cr (-)₹23,348.64Cr (↓21.42%)₹27,958.52Cr (↑19.74%)₹23,997.81Cr (↓14.17%)₹24,675.20Cr (↑2.82%)
Net Income₹1,305.59Cr (-)₹422.92Cr (↓67.61%)₹1,125.68Cr (↑166.17%)₹81.78Cr (↓92.74%)₹897.15Cr (↑997.03%)
Net Profit Margin4.39% (-)1.81% (↓58.77%)4.03% (↑122.65%)0.34% (↓91.56%)3.64% (↑970.59%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,21,658.25Cr (-)₹1,20,259.51Cr (↓1.15%)₹1,30,364.94Cr (↑8.40%)₹1,40,098.90Cr (↑7.47%)
Total Liabilities₹78,163.37Cr (-)₹68,242.37Cr (↓12.69%)₹78,225.76Cr (↑14.63%)₹85,968.36Cr (↑9.90%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹650.57Cr (-)₹23,395.88Cr (↓3,696.21%)₹30,963.60Cr (↑32.35%)-₹5,406.49Cr (↓117.46%)₹2,933.19Cr (↓154.25%)

Index Inclusions

S&P BSE CPSE

₹3,892.51

-0.09 (-3.53%)

S&P BSE 150 MidCap

₹16,019.58

1.08 (170.89%)

BSE 200

₹11,193.92

0.63 (70.54%)

S&P BSE 400 MidSmallCap

₹12,243.63

0.95 (114.93%)

Nifty Midcap 50

₹15,923.55

1.44 (225.8%)

BSE Mid-Cap

₹46,555.59

1.05 (484.74%)

Nifty PSE

₹10,101.10

-0.2 (-20.35%)

Nifty Midcap 150

₹21,105.95

0.95 (199.3%)

Nifty Commodities

₹8,619.20

0.97 (82.6%)

Nifty LargeMidcap 250

₹15,921.25

0.77 (121.05%)

S&P BSE PSU

₹19,868.36

-0.14 (-27.52%)

Nifty Metal

₹9,133.60

1.1 (99.6%)

S&P BSE Metal

₹30,927.20

1.28 (390.54%)

S&P BSE 250 LargeMidCap

₹10,623.19

0.64 (67.57%)

Nifty 200

₹13,716.95

0.66 (89.95%)

BSE 500

₹35,957.40

0.65 (231.29%)

S&P BSE Enhanced Value

₹927.16

0.57 (5.27%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

S&P BSE Commodities

₹7,516.53

1.59 (117.72%)

Nifty Midcap 100

₹57,000.85

1.08 (608.2%)

Nifty MidSmallcap 400

₹19,992.55

0.86 (170.45%)

Nifty 500

₹22,835.85

0.66 (148.85%)

Steel Authority of India Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
65%
0.00
Foreign Institutions
2.82%
-6.12
Mutual Funds
5.92%
-7.10
Retail Investors
16.15%
-0.79
Others
10.12%
8.18

Steel Authority of India Ltd Key Indicators

Details20202021202220232024
Return On Equity %6.539.2525.163.236.14
Details20202021202220232024
Return On Assets %1.553.4110.181.672.19
Details20202021202220232024
Book Value Per Share (₹)100.5109.93131.25132.54138.24
Details20202021202220232024
Earning Per Share (₹)5.1310.0429.645.277.42

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 (19.14x)

November 29, 2024

Industry (24.15x)

November 29, 2024

Highest (857.50x)

January 15, 2020

LowHigh

Steel Authority of India Ltd Earnings and Dividends

  • Steel Authority of India Ltd Earnings Results

    Steel Authority of India Ltd’s net profit fell -31.28% since last year same period to ₹897.15Cr in the Q2 2024-2025. On a quarterly growth basis, Steel Authority of India Ltd has generated 997.03% jump in its net profits since last 3-months.

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

    In the quarter ending March 2024, Steel Authority of India Ltd has declared dividend of ₹1 - translating a dividend yield of 2.13%.

    Read More about Dividends

Steel Authority of India Ltd Technicals Summary

Bearish

Neutral

Bullish

Neutral

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

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Steel Authority of India Ltd (SAIL) share price today is ₹119.08

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 ₹119.42.
  • Today’s lowest price of Steel Authority of India Ltd is ₹115.86.

PE Ratio of Steel Authority of India Ltd is 19.14

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 1.32Cr.

Today’s market capitalisation of Steel Authority of India Ltd(SAIL) is ₹48372.58Cr.

Steel Authority of India Ltd(SAILPrice
52 Week High
₹175.35
52 Week Low
₹90.65

Steel Authority of India Ltd(SAIL) share price is ₹119.08. It is down -32.09% from its 52 Week High price of ₹175.35

Steel Authority of India Ltd(SAIL) share price is ₹119.08. It is up 31.36% from its 52 Week Low price of ₹90.65

Steel Authority of India Ltd(SAILReturns
1 Day Returns
1.97%
1 Month Returns
2.82%
3 Month Returns
-12.06%
1 Year Returns
24.59%