MarketFriction

Steel Authority of India Ltd

NSE SAIL · BSE 500113 · Iron & Steel
₹174.50 -3.85%
NSE close2026-10-01
52 week range124.00 - 209.70
Market cap₹75,101 Cr.
P/E15.6
Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty MetalNifty PSE No price band Delivery 43.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales29,71223,34927,95923,99824,67524,49029,31625,92226,70427,37130,81326,246
Expenses25,83721,20624,47621,77821,76222,46025,83223,15324,17625,07726,40522,093
Operating Profit3,8752,1423,4832,2202,9132,0303,4842,7692,5282,2944,4094,153
OPM %13%9%12%9%12%8%12%11%9%8%14%16%
Other Income-174355-43-28322393362235-3424820287
Interest605614642691758680664595484547532493
Depreciation1,3271,3211,3561,4021,3041,4211,5241,4411,4531,5161,5771,560
Profit before tax1,7705631,441981,1733231,6579685564802,5022,187
Tax %26%25%22%17%24%56%25%23%25%22%27%25%
Net Profit1,3064231,126828971421,2517454193741,8351,644
EPS in Rs3.161.022.730.202.170.343.031.801.010.914.443.98
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales38,79344,21057,49666,97361,66469,114103,477104,448105,378102,479110,811111,135
Expenses41,62844,09452,78857,16751,40056,33782,11496,41094,22991,78998,69297,751
Operating Profit-2,8341154,7089,80710,26412,77621,3638,03811,14910,69012,11913,384
OPM %-7%0.3%8%15%17%18%21%8%11%10%11%12%
Other Income4253786542832801,3499021,8566651,006532503
Interest2,3002,5282,8233,1553,4872,8171,6982,0372,4742,7932,1582,057
Depreciation2,4042,6823,0663,3853,7564,1034,2754,9645,2785,6515,9886,107
Profit before tax-7,114-4,716-5273,5493,3027,20616,2922,8924,0623,2524,5065,724
Tax %-41%-42%-47%34%36%42%25%25%24%27%25%
Net Profit-4,176-2,756-2812,3492,1214,14812,2432,1773,0672,3723,3734,272
EPS in Rs-10.11-6.67-0.685.695.1310.0429.645.277.425.748.1710.34
Dividend Payout %0%0%0%9%0%28%30%28%27%28%29%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%10%2%6%
Compounded Profit Growth11%-1%26%59%
Stock Price CAGR15%10%25%35%
Return on Equity7%9%6%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4,1314,1314,1314,1314,1314,1314,1314,1314,1314,1314,1314,131
Reserves39,64136,02132,91232,81635,51637,38041,27650,08150,61652,97154,77556,225
Borrowings32,14635,14141,39645,40945,17054,12737,67717,28430,77336,32336,93431,928
Other Liabilities26,93226,23429,40533,33933,38531,56035,00748,88545,26247,59840,87843,941
Total Liabilities102,849101,527107,843115,694118,201127,198118,090120,381130,782141,022136,718136,224
Fixed Assets39,01145,94250,30058,62561,37469,03467,61873,67773,54372,42673,32775,989
CWIP29,32824,92723,27518,39516,0148,7538,8814,7104,8916,1417,20610,552
Investments612,2802,4752,6292,9753,2403,4423,7574,1854,5894,9764,339
Other Assets34,45028,37731,79236,04437,83846,17038,14938,23748,16357,86751,20945,344
Total Assets102,849101,527107,843115,694118,201127,198118,090120,381130,782141,022136,718136,224
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2,5794,0432,1606,1647,215-61823,43030,987-5,2902,9119,91419,039
Cash from Investing Activity-6,292-4,805-5,467-6,480-3,694-4,261-3,295-3,976-3,371-4,261-5,268-7,899
Cash from Financing Activity3,7757433,302269-3,5495,003-19,808-27,3988,5871,362-4,424-11,403
Net Cash Flow63-20-5-47-28125328-387-7412222-263
Free Cash Flow-5,038-2,450-3,267-4413,335-4,99920,01927,557-8,812-1,2974,53710,942
CFO/OP65%-132%1,863%134%74%-5%184%145%-61%27%99%163%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days263024252552431719292721
Inventory Days370308274199243370207170180222211158
Days Payable778290878997107143921037572
Cash Conversion Cycle31925520913717932514444107148163108
Working Capital Days-68-137-172-87-51-24-78-39-41-20-17-27
ROCE %5%-6%-2%3%9%8%11%24%6%8%7%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%
FIIs3.69%4.34%3.18%3.01%2.82%2.59%3.21%3.65%3.76%4.54%5.01%7.09%
DIIs14.61%15.46%15.86%15.72%16.04%15.86%15.75%17.30%18.10%17.84%18.40%16.87%
Public16.70%15.20%15.96%16.27%16.15%16.55%16.05%14.03%13.14%12.63%11.58%11.05%
No. of Shareholders14,83,37115,03,77916,43,07318,42,45419,88,07620,40,66920,46,32619,08,38417,98,68717,07,51015,72,36115,09,426

Fundamentals

Market Cap₹ 75,101 Cr.
Current Price₹ 182
Stock P/E15.6
Book Value₹ 146
ROCE7.92 %
ROE6.57 %
Dividend Yield1.29 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)59%
Consolidated figures.
Valuation
Market capRs 72,078 Cr
Enterprise valueRs 103,273 Cr
P/E (TTM)16.87x
Price to book1.19x
Price to sales0.65x
EV / EBITDA7.44x
EV / EBIT13.27x
EV / sales0.93x
Price to cash flow3.79x
Earnings yield5.93%
Dividend yield1.35%
P/E, 3-year average18.89x
P/B, 3-year average0.94x
P/E, 5-year average15.14x
P/B, 5-year average0.84x
Profitability
Operating margin (excl. other income)10.94%
Operating margin (incl. other income)11.42%
EBITDA margin12.50%
Pre-tax margin5.15%
Net profit margin3.84%
Net margin, latest quarter6.26%
ROE5.66%
ROCE7.08%
ROA2.47%
ROE, 3-year average5.08%
ROCE, 3-year average6.93%
ROA, 3-year average2.15%
ROE, 5-year average8.76%
ROCE, 5-year average10.07%
ROA, 5-year average3.69%
ROIC (approx.)6.36%
Tax rate25.14%
Other income / net worth0.88%
Growth
Sales growth (latest year)8.13%
Profit growth (latest year)42.20%
Sales CAGR, 3 years1.99%
Sales CAGR, 5 years9.90%
Profit CAGR, 3 years15.72%
Profit CAGR, 5 years-4.05%
Sales growth QoQ-14.82%
Profit growth QoQ-10.43%
Sales growth YoY (latest quarter)1.25%
Profit growth YoY (latest quarter)120.80%
Per share
EPS (TTM)Rs 10.34
EPS (latest year)Rs 8.17
EPS (latest quarter)Rs 3.98
EPS, 3-year averageRs 7.11
EPS, 5-year averageRs 11.25
Book value per shareRs 146.12
Sales per shareRs 269.06
Cash flow per shareRs 46.09
Free cash flow per shareRs 26.49
Dividend per share (latest year)Rs 2.35
Dividend per share, 3-year averageRs 1.98
Dividend per share, 5-year averageRs 3.24
Dividends
Dividend payout28.78%
Dividend payout, 3-year average27.86%
Dividend payout, 5-year average28.31%
Efficiency
Asset turnover0.81x
Fixed asset turnover1.46x
Inventory turnover3.07x
Inventory days119 days
Debtor days21 days
Debtors turnover17.03x
Creditor days72 days
Cash conversion cycle108 days
Working capital days-27 days
Leverage
Total debtRs 31,928 Cr
Cash and bankRs 733 Cr
Net debtRs 31,195 Cr
Debt to equity0.53x
Net debt / EBITDA2.25x
Interest coverage3.78x
Current ratio (filing 2026-03-31)0.82x
Quick ratio (filing 2026-03-31)0.28x
Trade payables (filing 2026-03-31)Rs 10,886 Cr
Owners' fund to total sources44.31%
Debt to assets23.44%
Cash flow
Cash from Operating Activity (latest year)Rs 19,039 Cr
Cash from Investing Activity (latest year)Rs -7,899 Cr
Cash from Financing Activity (latest year)Rs -11,403 Cr
Net Cash Flow (latest year)Rs -263 Cr
Free cash flow (latest year)Rs 10,942 Cr
FCFE (approx.: FCF + change in debt)Rs 5,936 Cr
Cash from ops / profit, 5 years2.48x
Sales to cash flow5.82x
Statement figures
Net sales (TTM)Rs 111,135 Cr
Net sales (latest year)Rs 110,811 Cr
Sales (latest quarter)Rs 26,246 Cr
Operating profit excl. other income (latest year)Rs 12,119 Cr
Operating profit (latest quarter)Rs 4,153 Cr
Other income (TTM)Rs 503 Cr
EBITDA (TTM)Rs 13,887 Cr
PBDT (TTM)Rs 11,831 Cr
Profit before tax (TTM)Rs 5,724 Cr
Tax (latest year)Rs 1,133 Cr
Net profit (TTM)Rs 4,272 Cr
Net profit (latest year)Rs 3,373 Cr
Net profit (latest quarter)Rs 1,644 Cr
Depreciation (TTM)Rs 6,107 Cr
Depreciation (latest quarter)Rs 1,560 Cr
Interest (TTM)Rs 2,057 Cr
Cost of goods sold (latest year)Rs 73,268 Cr
Total expenditure (latest year)Rs 98,692 Cr
Total income (latest year)Rs 111,343 Cr
Share capitalRs 4,131 Cr
ReservesRs 56,225 Cr
Shareholders' fundsRs 60,356 Cr
Total assetsRs 136,224 Cr
Net blockRs 75,989 Cr
Capital work in progressRs 10,552 Cr
InvestmentsRs 4,339 Cr
ReceivablesRs 6,507 Cr
InventoryRs 23,881 Cr
Other liabilitiesRs 43,941 Cr
Shares outstanding (crore)413.05
Ownership
Promoter holding65.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.9 is at the 60th percentile of its own 7.4-year range (median 14.5, low 2.3, high 31.2).
P/B 1.19 is at the 89th percentile (median 0.78).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSAILNifty 50Difference
1 week-5.2%-2.8% -2.4 pts
1 month-9.6%-6.8% -2.8 pts
3 months+2.7%-7.6% +10.3 pts
6 months+15.2%+0.4% +14.8 pts
1 year+27.8%-9.9% +37.7 pts
2 years+34.6%-13.6% +48.1 pts
3 years+85.9%+14.2% +71.8 pts
5 years+52.0%+27.9% +24.1 pts
190 mutual fund schemes hold about ₹8,224 Cr. Over three months 113 bought more and 30 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Mirae Asset Large & Midcap Fund2.27%1,037 +39%
Mirae Asset Midcap Fund3.54%740 +24%
Mirae Asset ELSS Tax Saver Fund1.84%485 +29%
Tata Arbitrage Fund1.42%353 +36%
Kotak Arbitrage Fund(M0.44%335 +562%
Aditya Birla SL Arbitrage Fund1.22%332 +2%
ICICI Pru Arbitrage Fund0.94%328 +21%
SBI Arbitrage Fund0.50%238 -17%
UTI Arbitrage Fund2.07%231 -2%
Nippon India Arbitrage Fund1.17%205 +12%
Nippon India Arbitrage Fund(M1.17%198 +12%
UTI Mid Cap Fund1.48%189 +37%
Edelweiss Mid Cap Fund0.86%172 -2%
HDFC Large & Mid Cap Fund0.56%168 +6%
HDFC Arbitrage Fund(M0.64%164 +28%
UTI Nifty200 Momentum 30 Index Fund1.70%144 +8%
Edelweiss Arbitrage Fund0.92%137 +86%
HSBC Arbitrage Fund(M3.92%129 +38%
SBI Multi Asset Allocation Fund(A0.57%120 +1%
Kotak Equity Savings Fund(M1.11%118 +5%
Mirae Asset Multicap Fund1.93%108 +63%
ICICI Pru Mid Cap Fund1.26%106 +61%
Bandhan Small Cap Fund0.31%106 -9%
Edelweiss Multi Asset Allocation Fund3.56%105 +6%
ICICI Pru Mid Cap Fund1.26%101 +61%

Red flags

F-score 8 of 8
lookAuditor change Auditor change 2026-07-21: Steel Authority of India Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-01-15The President of IndiaPromoterssell413,052,528Rs 2740.72 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹26,246 Cr +1.2% vs Jun 2025. Net profit ₹1,644 Cr +120.7%.

Activity

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Ankit Metal & Power Ltd27-34.2 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-30Dividend - Rs 2.35 Per Share
2025-09-08Dividend - Rs 1.60 Per Share
2024-09-19Dividend - Re 1 Per Share
2024-09-19Annual General Meeting
2024-02-20Interim Dividend - Re 1 Per Share
2023-09-20Dividend - Re 0.50 Per Share
2023-09-20Annual General Meeting
2023-03-24Interim Dividend - Re 1 Per Share
2022-09-20Annual General Meeting
2022-07-28Dividend - Rs 2.25 Per Share
2022-03-28Interim Dividend - Rs 2.50 Per Share
2021-11-09 Interim Dividend - Rs 4 Per Sh
2021-09-20 Dividend - Rs 1.80 Per Share
2021-09-20 Annual General Meeting
2021-02-04 Interim Dividend - Rs 1.00 Per Share
2020-10-14 Annual General Meeting
2019-08-22 Annual General Meeting/Dividend - Rs 0.50 Per Share
2018-08-16 Annual General Meeting
2017-08-21 Annual General Meeting
2016-08-19 Annual General Meeting
2015-08-11 Annual General Meeting/ Dividend - Re 0.25/- Per Share
2015-02-18Interim Dividend Re 1.75 Per Share/ Change In Rd (Purpose Revised)
2014-08-08Annual General Meeting
2014-02-18Interim Dividend - Rs 2.02/- Per Share (Purpose Revised)
2013-08-02Annual General Meeting / Final Dividend - Re 0.40/- Per Share
2013-02-15Interim Dividend Rs 1.60 Per Share (Purpose Revised)
2012-08-09Annual General Meeting/Dividend Of Rs.0.80 Per Share
2012-02-15Interim Dividend Rs.1.20 Per Share (Purpose Revised)
2011-08-10Dividend-Rs.1.20 Per Share
2011-01-18Interim Dividend-Rs.1.20 Per Share (Purpose Revised)
2010-07-29Final Dividend-Rs.1.70 Per Share
2010-02-01Int Div-Rs.1.60 Per Sharepurpose Revised
2009-07-30Agm/Div-Rs.1.30 Per Share
2009-01-30Interim Dividend - 13% Purpose Revised
2008-07-31Agm/Dividend - 18%
2008-02-01Interim Dividend - 19% Purpose Revised
2007-08-08Agm/Dividend-15%
2007-02-01Interim Dividend-16% Purpose Revised
2006-08-10Agm/Dividend-7.5%
DateTypeWhat it says
2026-10-01CessationCessation of Shri M.B.Balakrishnan as Company Secretary & Compliance Officer of the company w.e.f. September 30, 2026.
2026-10-01AppointmentAppointment of Shri Mohit Malpani as Company Secretary & Compliance Officer of the company w.e.f. October 01, 2026.
2026-09-25Shareholder meetingVoting results.
2026-09-25Disclosure of material issueSteel Authority of India Limited has informed regarding Disclosure of material issue
2026-09-24Shareholder meetingProceedings of 54th Annual General Meeting of SAIL held on 24th September, 2026.
2026-09-19Investor PresentationInvestor Presentation
2026-09-17Concall / analyst meetSchedule of meet
2026-09-03Credit Rating- RevisionCredit Rating- Revision
2026-08-27CessationCessation of Shri Ashish Chatterjee as Non- Executive Director of the company w.e.f. August 24, 2026.
2026-08-21General UpdatesGeneral Updates- Intimation of AGM fir FY 2025-26
2026-08-21Record DateRecord date for the purpose of Dividend is 30-Sep-2026.
2026-08-11News clarificationThe Exchange has sought clarification from Steel Authority of India Limited with respect to recent news item captioned Steel Authority of India eyes 5...
2026-08-10Rumour Verification - RegulaRumour Clarification - Regulation 30(11)
2026-08-10News clarificationThe Exchange has sought clarification from Steel Authority of India Limited with respect to recent news item captioned Steel Authority of India eyes 5...
2026-08-01Concall / analyst meetTranscript
2026-07-30News clarificationThe Exchange has sought clarification from Steel Authority of India Limited with respect to recent news item captioned SAIL, Krakatau Steel plan $350 ...
2026-07-30Rumour Verification - RegulaRumour Verification - Regulation 30(11)
2026-07-29News clarificationThe Exchange has sought clarification from Steel Authority of India Limited with respect to recent news item captioned SAIL, Krakatau Steel plan $350 ...
2026-07-28Concall / analyst meetLink of Recording
2026-07-27Investor PresentationInvestor Presentation
2026-07-24Investor PresentationInvestor Presentation
2026-07-24Board meeting outcomeSteel Authority of India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Concall / analyst meetSchedule of meet
2026-07-22Concall / analyst meetSchedule of meet
2026-07-21Change in AuditorsChange in Auditors of the company.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.52
Max pain (expiry 2026-10-27)180
Largest call open interest at180
Largest put open interest at180
Implied volatility, at the money-%
Underlying at snapshot174.50
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-02NCLTBuoy Sail TR. EST Vs Modinagar Paper Mills Ltd
2021-07-02NCLTICICI Bank Limited. Vs Prime Gold-Sail JVC Limited.
2021-03-01NCLTBuoy Sail TR. EST Vs Modinagar Paper Mills Ltd
2021-02-17NCLTBuoy Sail TR. EST Vs Modinagar Paper Mills Ltd
2021-01-13NCLTM/s. SAIL Vs ROC
2021-01-04NCLTBuoy Sail TR. EST Vs Modinagar Paper Mills Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Steel Authority of India Ltd?

Steel Authority of India Ltd (SAIL) has a market capitalisation of Rs 75,101 Cr. at the 2026-10-01 close.

What is the P/E ratio of Steel Authority of India Ltd?

Steel Authority of India Ltd trades at a P/E of 15.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Steel Authority of India Ltd's latest quarterly results?

In the Jun 2026 quarter, Steel Authority of India Ltd sales was Rs 26,246 Cr (+1.2% vs Jun 2025) and net profit was Rs 1,644 Cr.

What is the 52-week high and low of Steel Authority of India Ltd?

The 52-week high is Rs 209.70 and the 52-week low is Rs 124.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03