Steel Authority of India Ltd (SAIL)
₹166.9▲2.02%
Steel Authority of India Ltd share Performance
- ₹164₹169₹166.9
1.74%
Low
Day's Volatility:3.00%
High
1.26%
- ₹80.45₹170.95₹166.9
51.80%
Low
52 Weeks Volatility:54.22%
High
2.43%
| Returns % | |
| 1 Month Return | + 12.98 % |
| 3 Month Return | + 27.51 % |
| 1 Year Return | + 97.58 % |
| Market Stats | |
| Previous Close | ₹₹163.60 |
| Open | ₹₹164.00 |
| Volume | ₹2.50Cr |
| Upper Circuit | ₹- |
| Lower Circuit | ₹- |
| Market Cap | ₹₹67,575.39Cr |
Analyst Rating
based on 23 analysts
Based on 23 analysts offering long term price targets for Steel Authority of India Ltd. An average target of ₹108.61
Source: S&P Global Market Intelligence
Company Information
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: ₹166.90 per share as on 17 May, 2024 04:01 PM
Market Capitalisation: ₹67,575.39Cr as of today
Revenue: ₹23,348.64Cr as on December 2023 (Q4 23)
Net Profit: ₹422.92Cr as on December 2023 (Q4 23)
Listing date: 03 Nov, 1994
Chairperson Name: Amarendu Prakash
| Organisation | Steel Authority of India Ltd |
| Headquarters | New Delhi |
| Industry | Steel |
| E-voting on shares | Click here to vote |
What's happening
Today's Timeline - 17 May
09:15 AM
-Analysts predict 15% upside for SAIL, JSPL and NALCO stocks.
11:42 AM
-SAIL chairman Amarendu Prakash says the company is closely monitoring Chinese steel imports after US tariff hikes.
Key events for Steel Authority of India Ltd
SAIL Stock Watched Closely Amidst Tariff Hikes - 17 May, 2024
Steel Authority of India Ltd's stock is being monitored amidst concerns over increased Chinese steel imports following US tariff hikes. Analysts predict a 15% upside for SAIL, JSPL and NALCO stocks.
SAIL Stock Grows as Bhilai Steel Plant Goes Green - 15 May, 2024
Steel Authority of India Ltd (SAIL) witnesses an uptick in its stock price as major steel producers in the nation go green. Bhilai Steel Plant has signed a memorandum of understanding with Chhattisgarh State Renewable Energy Development Agency for the installation of solar power generation systems.
Steel Authority of India Ltd Up 3.53% on NSE - 14 May, 2024
Steel Authority of India Ltd stock is up 3.53% on the day and has gained 93% in the last year, outperforming NIFTY and Nifty Metal index. The PE ratio based on TTM earnings ending December 23 is 21.27.
SAIL's Bhilai Steel Plant to Install 15 MW Floating Solar Project - 12 May, 2024
Bhilai Steel Plant, a unit of SAIL, will set up Chhattisgarh's first 15 MW floating solar project in its Maroda-1 reservoir. The project is expected to reduce CO2 emissions by 28,330 tonnes annually and is being implemented through NTPC-SAIL Power Supply Company Limited. Another 35 MW solar power plant is also proposed for the next phase.
NCLT Orders SAIL Steel Complex to be Handed Over - 08 May, 2024
The National Company Law Tribunal has ordered the Cheruvannur steel complex, a joint venture of SAIL in Kozhikode, to be handed over to Chhattisgarh Outsourcing Services Limited due to default in repayment of a loan. The Kerala government plans to appeal against the order.
SAIL ROCE Under-Performs Industry Average; GE Power India Receives Purchase Order - 01 May, 2024
Steel Authority of India's low ROCE indicates a mature business not reinvesting earnings. GE Power India secures purchase order worth over Rs 5.99 crore from NTPC-SAIL Power Company and NTPC Ltd.
Derivatives data show bullish sentiment for SAIL stock - 30 Apr, 2024
Several players are holding over 30% of the market wide position limit in Steel Authority of India Ltd (SAIL), indicating a bullish outlook. They believe that fund managers will turn to steel due to a shortage of other credible stories at reasonable valuations.
SAIL Stock Rises Amid Production Proposals - 25 Apr, 2024
Steel Authority of India Ltd's stock continues to rise, adding around 26.42% in the last month. Ramkrishna Forgings and Titagarh Wagons have proposed producing 2.28 lakh wheels for SAIL, while officials of Dalmia Bharat say that SAIL is yet to decide on its JV with Jaypee for Bhilai Jaypee Cement Ltd.
SAIL Shares Surge on Global Upturn in Metal Prices - 24 Apr, 2024
Steel Authority of India Ltd (SAIL) experiences a surge in share price due to a global upturn in metal prices, favourable narrative building under its undervaluation compared to peers, and technical analysis suggesting a long position.
SAIL Wins All India Public Sector Volleyball Tournament - 19 Apr, 2024
Steel Authority of India Ltd (SAIL) has won the All India Public Sector Volleyball Tournament 2024 and the All India Public Sector Hockey Tournament, showcasing its commitment to fostering sports and athletic talents. SAIL operates multiple sports academies across the country and organizes inter-SAIL sports championships.
Fundamentals of Steel Authority of India Ltd
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.
POSITIVE IMPACTPrice Rise
In the last 6 months, SAIL stock has moved up by 83.2%
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 15.20% to 15.96% in Mar 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 5.18% to 6.20% in Mar 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, NMDC Ltd has given 149.8% return, outperforming this stock by 52.2%
- NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 130.8% return, outperforming this stock by 105.5%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 65.00% of holdings in Mar 2024 quarter
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 4.34% to 3.18% in Mar 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 1.30K Cr → 422.92 Cr (in ₹), with an average decrease of 67.6% per quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 29.95K Cr → 23.70K Cr (in ₹), with an average decrease of 20.9% per quarter
Steel Authority of India Ltd Valuation
Steel Authority of India Ltd in the last 5 years
Lowest (2.19x)
June 20, 2022
Today (21.81x)
May 16, 2024
Industry (27.33x)
May 16, 2024
Highest (857.50x)
January 15, 2020
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M 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 |
Technicals of Steel Authority of India Ltd share
News & Events of Steel Authority of India Ltd
News
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Steel Authority of India Ltd (SAIL) share price today is ₹166.9
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 ₹169.
- Today’s lowest price of Steel Authority of India Ltd is ₹164.
PE Ratio of Steel Authority of India Ltd is 21.81
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 2.50Cr.
Today’s market capitalisation of Steel Authority of India Ltd(SAIL) is ₹67575.39Cr.
| Steel Authority of India Ltd(SAIL | Price |
|---|---|
52 Week High | ₹170.95 |
52 Week Low | ₹80.45 |
Steel Authority of India Ltd(SAIL) share price is ₹166.9. It is down -2.37% from its 52 Week High price of ₹170.95
Steel Authority of India Ltd(SAIL) share price is ₹166.9. It is up 107.46% from its 52 Week Low price of ₹80.45
| Steel Authority of India Ltd(SAIL | Returns |
|---|---|
1 Day Returns | 3.3% |
1 Month Returns | 12.98% |
3 Month Returns | 27.51% |
1 Year Returns | 97.58% |