60% Sell
Steel Authority of India Share Price
SAIL
Steel Authority of India Share Price Chart
About Steel Authority of India
Steel Authority of India Financials
Market cap ₹47,955 Crs | Open ₹120.45 | Close ₹121.19 |
Circuit range ₹133.30 - ₹109.07 | Day range ₹119.61 - ₹120.79 | Year range ₹107.50 - ₹175.35 |
Volume 2,66,589 | Avg. traded ₹120.22 | Revenue (12m) ₹99,980 Crs |
Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the maharatnas among the country’s central public sector enterprises. The company manufactures and sells a broad range of steel products like hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels.
The Government of India owns about 65% of SAIL’s equity and retains voting control of the company. Besides that, as of March 2023, institutional investors held around 17% stake in the company, while the retail shareholding stood at just over 15%.
The company’s market capitalisation stood at more than ₹42,000 crore as of December 12, 2023. SAIL share price has surged more than 76% in the last three years.
SAIL traces its origin to the formative years of India after Independence. When the builders of modern India were working towards laying the infrastructure for rapid industrialisation of the country, the focus turned towards the steel sector to propel economic growth. As a result, Hindustan Steel Ltd (HSL) was set up on January 19, 1954.
In 1972, a policy statement was drafted by the Ministry Of Steel And Mines to develop a new model for managing the steel industry. The policy statement was presented to the Parliament on December 2, 1972. It proposed creating a holding company to manage inputs and outputs under one umbrella. This led to the establishment of Steel Authority of India Ltd. The company was incorporated on January 24, 1973, with an authorised capital of ₹2,000 crore.
SAIL business segments
SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials.
The five integrated plants include the Bhilai Steel Plant (Chhattisgarh), the Durgapur Steel Plant (West Bengal), the Rourkela Steel Plant (Odisha), the Bokaro Steel Plant (Jharkhand) and the IISCO Steel Plant (West Bengal), while the special steel plants include the Salem Steel Plant (Tamil Nadu), the Alloy Steels Plant (West Bengal) and the Visvesvaraya Iron and Steel Plant (Karnataka).
The company also operates the Chandrapur Ferro Alloy Plant in Maharashtra that manufactures high/medium/low carbon ferro-manganese and silico-manganese.
SAIL also has under its umbrella one wholly owned subsidiary called SAIL Refractory Company Limited (SRCL) that is involved in the manufacturing of high-quality basic refractory of the modern steel plants, copper, cement and glass industries. It is located in Salem, Tamil Nadu.
Besides that, SAIL has a well-equipped Research and Development Centre for Iron and Steel (RDCIS) at Ranchi which helps to produce quality steel and develop new technologies for the steel industry. The company has its own in-house Centre for Engineering and Technology (CET), Management Training Institute (MTI) and Safety Organisation at Ranchi.
SAIL financial highlights
Despite a challenging year, SAIL registered its best-ever production and sales performance during the financial year 2022-23. However, profitability was severely impacted due to high input costs, majorly that of imported coking coal and foreign exchange variation loss.
Total income in FY23 stood at ₹1,05,792 crore compared with Rs 1,04,515 crore in FY22. In FY23, the sales turnover of ₹1,03,768 crore was the best-ever, outperforming the previous best of ₹1,02,805 crore in the previous financial year. Profit after tax (PAT) stood at ₹1,903 crore in FY23 compared with ₹12,015 crore in FY22. Capex of ₹5,474 crore was achieved during FY23. The net worth of the company increased to ₹52,139 crore as on March 31, 2023, from ₹52,017 crore as on March 31, 2022. The company paid a total dividend of 15% i.e. ₹1.5 per equity share of face value of ₹10 each during FY23. In FY23, the company produced the highest ever hot metal, crude steel as well as saleable steel. For FY24, SAIL has set a target of 15% increase in steel sales to 18.7 million tonnes compared with sales volumes of 16.3 million tonnes seen in FY23.
Steel Authority Of India Key indicators
52 week high ₹175.35 | 52 week low ₹107.50 | P/E ratio 18.99 |
P/B ratio 0.87 | ROE 5.14% | ROCE 7.11% |
Dividend yield 1.65% | Debt/Equity ratio 0.67 | EPS 6.62 |
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Analyst ratings:
Sell
Analyst ratings:
Sell8%
Hold
32%
Sell
60%
This analysis is based on the reviews of 25 experts in the last 7 days
Steel Authority of India Fundamentals
Steel Authority of India Financial Ratios
Operating profit margin11.37% | Net profit margin2.53% |
ROE5.14% | ROA2.06% |
ROCE7.11% |
Quick ratio0.29 | Current ratio0.9 |
Interest coverage2.49 | Asset turnover0.81 |
Debt to Equity0.67 |
P/E ratio18.99 | P/B ratio0.87 |
EV / EBITDA7.43 | |
Dividend yield1.65% |
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Revenue statement
All values are in ₹ Crores (Cr)Learn more
Cash flow
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Balance sheet
All values are in ₹ Crores (Cr)Total assets
Total liabilities
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Steel Authority Of India Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Mon, Dec 23 2024 | ₹117.00 | ₹121.19 | |
Fri, Dec 20 2024 | ₹118.15 | ₹116.10 | -2.36% |
Thu, Dec 19 2024 | ₹117.13 | ₹118.91 | -0.75% |
Wed, Dec 18 2024 | ₹122.00 | ₹119.81 | -1.07% |
Tue, Dec 17 2024 | ₹122.80 | ₹121.11 | -2.02% |
Mon, Dec 16 2024 | ₹124.56 | ₹123.61 | -0.92% |
Fri, Dec 13 2024 | ₹128.61 | ₹124.76 | -3.48% |
Thu, Dec 12 2024 | ₹126.92 | ₹129.26 |
Events
Corporate actions
Dividend • ₹1/share
Ex date 19 Sep 2024
Dividend • ₹1/share
Ex date 20 Feb 2024
Dividend • ₹0.5/share
Ex date 20 Sep 2023
Dividend • ₹1/share
Ex date 24 Mar 2023
Dividend • ₹2.25/share
Ex date 28 Jul 2022
Dividend • ₹2.5/share
Ex date 28 Mar 2022
Dividend • ₹4/share
Ex date 09 Nov 2021
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Steel Authority of India Futures & Options
Expiry dates | Current price | Change % |
---|---|---|
SAIL 130 CE 26 DEC 24 | ₹0.10 | |
SAIL 125 PE 26 DEC 24 | ₹5.25 | |
SAIL 120 CE 26 DEC 24 | ₹1.90 | -₹0.20 (-9.52%) |
SAIL 122.5 PE 26 DEC 24 | ₹3.10 |