Ferrous Metals
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Past Returns: In past three years, the stock has provided 19.6% return compared to 13.5% by NIFTY 50.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 56.53 kCr |
| Price/Earnings (Trailing) | 22.14 |
| Price/Sales (Trailing) | 0.53 |
| EV/EBITDA | 7.91 |
| Price/Free Cashflow | 14.25 |
| MarketCap/EBT | 18.19 |
| Enterprise Value | 89.94 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.07 LCr |
| Rev. Growth (Yr) | 8.3% |
| Earnings (TTM) | 2.56 kCr |
| Earnings Growth (Yr) | -53.3% |
Profitability | |
|---|---|
| Operating Margin | 3% |
| EBT Margin | 3% |
| Return on Equity | 4.39% |
| Return on Assets | 1.91% |
| Free Cashflow Yield | 7.02% |
Growth & Returns | |
|---|---|
| Price Change 1W | 5.7% |
| Price Change 1M | 1.4% |
| Price Change 6M | 21% |
| Price Change 1Y | 18.2% |
| 3Y Cumulative Return | 19.6% |
| 5Y Cumulative Return | 31.8% |
| 7Y Cumulative Return | 10.2% |
| 10Y Cumulative Return | 10.4% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -5.38 kCr |
| Cash Flow from Operations (TTM) | 10.02 kCr |
| Cash Flow from Financing (TTM) | -4.42 kCr |
| Cash & Equivalents | 246.41 Cr |
| Free Cash Flow (TTM) | 3.8 kCr |
| Free Cash Flow/Share (TTM) | 9.2 |
Balance Sheet | |
|---|---|
| Total Assets | 1.34 LCr |
| Total Liabilities | 75.89 kCr |
| Shareholder Equity | 58.28 kCr |
| Current Assets | 39.28 kCr |
| Current Liabilities | 46.43 kCr |
| Net PPE | 64.17 kCr |
| Inventory | 27.87 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.25 |
| Debt/Equity | 0.58 |
| Interest Coverage | 0.28 |
| Interest/Cashflow Ops | 4.72 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.6 |
| Dividend Yield | 1.17% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Updated May 5, 2025
SAIL's stock price has dropped by 2.91% over the past month and is down 31.17% over the last year, indicating significant underperformance compared to competitors.
Despite the safeguard duty, analysts warn of risks such as global oversupply and muted domestic demand, which could impact SAIL's earnings growth in the long term.
SAIL has been underperforming in the short term compared to rivals like JSW Steel, suggesting caution for investors looking at the stock.
Ashok Kumar Panda has been appointed as the new Director of Finance at SAIL, bringing over three decades of experience and a history of implementing cost optimization initiatives.
The Indian government has imposed a 12% safeguard duty on flat steel imports from China and Vietnam, which is expected to protect local producers like SAIL and reduce imports by up to 50%.
The imposition of the safeguard duty is seen as a move to restore fair competition in the steel sector and support the long-term sustainability of domestic producers, including SAIL.
Analyst / Investor Meet • 30 Oct 2025 Link to Audio Recording of conference call held with Analysts & Investors on 29th October, 2025 |
Newspaper Publication • 30 Oct 2025 Extract of Newspaper Publication |
Investor Presentation • 29 Oct 2025 INVESTOR PRESENTATION |
Analyst / Investor Meet • 27 Oct 2025 Intimation of Schedule of Analyst and Institution Investor Meet |
Credit Rating • 09 Oct 2025 Reaffirmation of credit rating by CareEdge |
Credit Rating • 04 Sept 2025 Reaffirmation of credit rating by India Ratings and Research |
Cessation • 01 Sept 2025 Change in Composition of Board of Directors |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Steel Authority of India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
In the earnings conference call held on July 28, 2025, management provided an outlook that reflects both the current economic landscape and the company's performance. Dr. Ashok Kumar Panda, Director Finance, highlighted that the global economy is projected to grow at around 2.4% in 2025 due to inflation and trade tensions, while India's GDP growth is forecasted between 6.3% to 6.7% driven by domestic consumption and capital expenditures.
In terms of company performance, SAIL recorded a saleable steel production of 4.7 million tons in Q1 FY '25-26, a 12% increase from 4.2 million tons in the previous year. Sales volume rose by 15% to 4.55 million tons, marking the best first quarter for SAIL. Despite lower market prices impacting turnover, profit before tax soared to INR 890 crores, up from INR 326 crores in Q1 FY '24 before exceptional items.
Looking ahead, management set a target capex of INR 7,500 crores for the year, with INR 1,642 crores already spent in Q1. They anticipate a strong performance in the coming quarters, particularly supported by ongoing infrastructure projects, affordable housing, and steady growth in demand across various sectors like automotive and renewable energy.
Key forward-looking points include:
Overall, the management's projection is optimistic, positioning SAIL to leverage growth opportunities within a resilient Indian economy.
Last updated:
Question 1: My question is on cost. So how much was our blended cost of coking coal in Q1?
Answer: The blended cost of coking coal for Q1 was INR 16,918 per ton.
Question 2: where do we see the guidance for Q2 on coking coal?
Answer: For Q2, we anticipate coking coal prices to remain flat, with minimal variation. The impact from stock valuation due to lower production costs will not recur in Q2.
Question 3: What was the capex in this quarter? How much capex do we expect this year?
Answer: In Q1, our capex reached INR 1,642 crores, surpassing our target. We aim for total capex of INR 7,500 crores for the year, focusing on ongoing projects through facilities expansions.
Question 4: Rail price was finalized at INR 74,000 per ton. What was the previous booking price?
Answer: The previous rail price was around INR 78,000 for FY '24. The current drop reflects lower coal prices, and significant benefits from rail price revisions for FY '25 have already been accounted for.
Question 5: How much is the stock valuation impact this quarter?
Answer: The stock valuation impact this quarter is approximately INR 1,050 crores and will not repeat in Q2, as this was a one-time adjustment.
Question 6: Can you give us actual numbers for NSR, both flat and longs for Q1 as well as Q4 in rupees per ton?
Answer: For Q1, NSR for longs was INR 54,500, while for flats it was INR 50,400. In Q4, longs were at INR 53,300 and flats at INR 47,300.
Question 7: How should we look at the NSRs for average of Q2 versus Q1?
Answer: Prices in Q2 are projected to be slightly lower than in Q1 due to seasonal factors affecting demand and steel prices, but recent price improvements in July provide some optimism.
Question 8: So what is the full year volume guidance?
Answer: For FY '26, we anticipate total sales volume of approximately 18.5 million tons, excluding NMDC contributions.
Question 9: We are seeing higher other expenditure despite lower volumes. What accounts for this?
Answer: Higher other expenditure is primarily due to increased iron ore royalties resulting from IBM price changes, impacting our cost structure.
Question 10: What is the current NSR for July?
Answer: The expected NSR for July is around INR 50,000 per ton.
Analysis of Steel Authority of India's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Bhilai Steel Plant | 26.8% | 7.7 kCr |
| Rourkela Steel Plant | 21.7% | 6.3 kCr |
| Bokaro Steel Plant | 21.4% | 6.1 kCr |
| IISCO Steel Plant | 11.2% | 3.2 kCr |
| Durgapur Steel Plant | 9.6% | 2.8 kCr |
| Others | 6.3% | 1.8 kCr |
| Salem Steel Plant | 1.8% | 523.1 Cr |
| Alloy Steel Plant | 1.2% | 346.4 Cr |
| Total | 28.8 kCr |
Understand Steel Authority of India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| PRESIDENT OF INDIA | 65% |
| LICI ASM NON PAR | 10% |
| MIRAE ASSET ARBITRAGE FUND | 1.54% |
| Qualified Foreign investors | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Steel Authority of India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | JSW Steel | 2.95 LCr | 1.76 LCr | +5.20% | +25.20% | 48.83 | 1.68 | - | - |
| TATASTEEL | TATA STEEL | 2.28 LCr | 2.19 LCr | +9.20% | +23.10% | 50.23 | 1.04 | - | - |
| JINDALSTEL | Jindal Steel & Power | 1.09 LCr | 49.06 kCr | +0.20% | +15.90% | 39.44 | 2.22 | - | - |
| JSL | Jindal Stainless | 62.09 kCr | 40.4 kCr | -1.10% | +11.60% | 24.14 | 1.54 | - | - |
| VISAKAIND | Visaka Industries | 690.63 Cr | 1.6 kCr | +1.90% | -21.70% | 17.64 | 0.43 | - | - |
Comprehensive comparison against sector averages
SAIL metrics compared to Ferrous
| Category | SAIL | Ferrous |
|---|---|---|
| PE | 22.14 | 41.77 |
| PS | 0.53 | 1.37 |
| Growth | 6.5 % | 4.4 % |
Steel Authority of India is an established iron and steel manufacturing company, operating under the stock ticker SAIL.
With a market capitalization of Rs. 48,232.2 Crores, the company has a significant presence both within India and internationally. It specializes in a wide array of iron and steel products, catering to various sectors.
The product portfolio includes:
Railway products such as:
Other offerings include:
Steel Authority of India serves a diverse clientele, including government organizations, public sector undertakings (PSUs), private companies, distributors, and resellers.
Founded in 1954 and based in New Delhi, India, the company has a trailing 12 months revenue of Rs. 102,012.4 Crores. Steel Authority of India also provides dividends to its investors, with a dividend yield of 1.78% per year. In the past year, it distributed a dividend of Rs. 2 per share. Over the last three years, the company has experienced a revenue growth of 5.5%.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
SAIL vs Ferrous (2021 - 2025)