Steel Authority of India Ltd
SAILSteel Authority of India Ltd
SAILPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
17.77 | 0.91 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
32.44 | 3.68 | 1.15% |
Forecast & Ratings
Detailed Forecast from 23 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Steel Authority of India Limited is engaged in the manufacturing of flat products, such as hot rolled coils, HR plates, cold rolled coils, pipes and electric sheets, long products, such as thermo mechanically treated bars and wire rods.
Peers
Compare with peersJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 39,286.22 | 44,853.05 | 59,027.05 | 67,690.88 | 62,765.69 | 70,771.69 | 1,04,753.51 | 1,06,346.67 | 1,06,884.32 | 1,06,355.58 | ||||||||||
Raw Materials | 17,183.00 | 21,161.45 | 30,514.01 | 32,402.97 | 29,371.73 | 23,213.59 | 42,890.12 | 62,179.91 | 57,709.26 | 94,525.64 | ||||||||||
Power & Fuel Cost | 5,459.95 | 5,371.01 | 5,931.71 | 6,189.45 | 6,340.73 | 5,861.67 | 7,139.83 | 7,867.47 | 7,724.19 | |||||||||||
Employee Cost | 9,728.72 | 9,180.52 | 9,120.07 | 8,949.82 | 8,797.32 | 10,564.75 | 12,861.99 | 12,071.53 | 11,765.72 | |||||||||||
Selling & Administrative Expenses | 3,404.24 | 3,125.08 | 4,518.83 | 5,755.43 | 5,215.08 | 5,757.43 | 11,087.39 | 8,966.46 | 10,062.85 | |||||||||||
Operating & Other expenses | 5,919.65 | 5,521.24 | 3,580.34 | 4,303.71 | 2,496.76 | 11,248.67 | 8,509.40 | 5,367.85 | 7,808.26 | |||||||||||
EBITDA | -2,409.34 | 493.75 | 5,362.09 | 10,089.50 | 10,544.07 | 14,125.58 | 22,264.78 | 9,893.45 | 11,814.04 | 11,829.94 | ||||||||||
Depreciation/Amortization | 2,404.42 | 2,681.62 | 3,065.97 | 3,385.34 | 3,755.73 | 4,102.78 | 4,275.02 | 4,963.54 | 5,278.37 | 5,405.50 | ||||||||||
PBIT | -4,813.76 | -2,187.87 | 2,296.12 | 6,704.16 | 6,788.34 | 10,022.80 | 17,989.76 | 4,929.91 | 6,535.67 | 6,424.44 | ||||||||||
Interest & Other Items | 2,300.45 | 2,527.82 | 2,822.75 | 3,154.92 | 3,486.76 | 2,817.15 | 1,697.89 | 2,037.47 | 2,473.86 | 2,552.71 | ||||||||||
PBT | -7,114.21 | -4,715.69 | -526.63 | 3,549.24 | 3,301.58 | 7,205.65 | 16,291.87 | 2,892.44 | 4,061.81 | 3,871.73 | ||||||||||
Taxes & Other Items | -2,937.71 | -1,959.52 | -245.23 | 1,200.53 | 1,180.87 | 3,057.52 | 4,048.40 | 715.91 | 995.14 | 935.76 | ||||||||||
Net Income | -4,176.50 | -2,756.17 | -281.40 | 2,348.71 | 2,120.71 | 4,148.13 | 12,243.47 | 2,176.53 | 3,066.67 | 2,935.97 | ||||||||||
EPS | -10.11 | -6.67 | -0.68 | 5.69 | 5.13 | 10.04 | 29.64 | 5.27 | 7.42 | 7.11 | ||||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.50 | 0.00 | 2.80 | 8.75 | 1.50 | — | 1.50 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.28 | 0.30 | 0.28 | 0.00 | 0.21 |
Company Updates
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Steel Authority of India Ltd | 17.01 | 0.91 | — |
JSW Steel Ltd | 27.15 | 3.00 | 0.93% |
Tata Steel Ltd | -42.77 | 2.05 | 2.37% |
Jindal Steel And Power Ltd | 17.20 | 2.28 | 0.20% |
Price Comparison
Compare SAIL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Steel Authority of India Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant Mid Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4267% | Percentage of the fund’s portfolio invested in the stock 7.96% | Change in the portfolio weight of the stock over the last 3 months 1.78% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/43 (-2) |
Quant Active Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9229% | Percentage of the fund’s portfolio invested in the stock 4.28% | Change in the portfolio weight of the stock over the last 3 months 1.60% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 5/72 (+4) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2643% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 96/110 (-7) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 19, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Sep 19, 2024
Cash Dividend
Ex DateEx DateFeb 20, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Feb 20, 2024
Cash Dividend
Ex DateEx DateSep 20, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Sep 20, 2023
Cash Dividend
Ex DateEx DateMar 24, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Mar 24, 2023
Cash Dividend
Ex DateEx DateJul 28, 2022
Dividend/Share
₹2.25
Ex DateEx Date
Jul 28, 2022
Steel Authority of India Ltd is up for a third straight session today. The stock is quoting at Rs 133.71, up 1.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25372.35. The Sensex is at 82952.82, up 0.07%. Steel Authority of India Ltd has gained around 1.82% in last one month. Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has gained around 3.62% in last one month and is currently quoting at 9370.65, up 1.31% on the day. The volume in the stock stood at 90.18 lakh shares today, compared to the daily average of 156.32 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 133.02, up 1.19% on the day. Steel Authority of India Ltd is up 37.99% in last one year as compared to a 26.02% jump in NIFTY and a 36.45% jump in the Nifty Metal index.The PE of the stock is 15.46 based on TTM earnings ending June 24.Powered by Capital Market - Live
Steel Authority of India announced that the 52th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live
The benchmark indices continued to trade with strong gains in mid-morning trade. The Nifty traded near the 24,350 mark. IT shares advanced after declining in the past trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 792.89 points or 1.01% to 79,684.08. The Nifty 50 index gained 233.85 points or 0.97% to 24,349.80. In the broader market, the S&P BSE Mid-Cap index added 0.93% and the S&P BSE Small-Cap index rose 0.86%. The market breadth was strong. On the BSE, 2,421 shares rose and 1,282 shares fell. A total of 137 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 5.85% to 15.63. Buzzing Index : The Nifty IT index added 1.55% to 39,045.70. The index fell 1.95% in the past consecutive trading session. Mphasis (up 4.21%), HCL Technologies (up 2.41%), Persistent Systems (up 2.29%), Tech Mahindra (up 1.96%), LTIMindtree (up 1.68%), Tata Consultancy Services (up 1.63%), L&T Technology Services (up 1.6%), Infosys (up 1.22%), Coforge (up 0.84%) and Wipro (up 0.72%) edged higher. Stocks in Spotlight : Steel Authority of India (SAIL) declined 1.56% after the company's standalone net profit dropped 92.87% to Rs 10.68 crore in Q1 FY25 from Rs 149.83 crore in Q1 FY24. Revenue from operations fell 1.48% to Rs 23,997.78 crore during the quarter as compared with Rs 24,357.58 crore posted in same quarter last fiscal, the growth was affected by a decline in Net Sales Realization (NSR) in the domestic steel market due to cheap imports. JSW Steel added 1.86% after the company said that its consolidated crude steel production for the month of July 2024 was at 22.15 lakh tonnes, which is higher by 9% as compared with the same period last year. Container Corporation of India (CONCOR) shed 1.61%. The company reported 5.14% increase in consolidated net profit to Rs 258.17 crore in Q1 FY25 as compared to Rs 245.56 crore posted in Q1 FY24. Revenue from operations grew by 9.38% year on year (YoY) to Rs 2,103.13 crore during the quarter ended 30 June 2024. Global Markets : Asian shares surged on Friday, buoyed by a strong Wall Street performance. Investor sentiment was lifted by China's release of July consumer price index data, which showed a modest increase and eased deflation concerns. The country's consumer prices rose 0.5% year-on-year last month. However, core CPI, excluding volatile food and energy items, cooled to 0.4% from 0.6% in June. U.S. stocks surged on Thursday after the Labor Department reported a larger-than-expected drop in initial jobless claims to 233,000 for the week ended August 3. The Dow Jones Industrial Average rose 1.76%, the S&P 500 gained 2.30% and the Nasdaq Composite added 2.87%. Powered by Capital Market - Live
Revenue from operations fell 1.48% to Rs 23,997.78 crore during the quarter as compared with Rs 24,357.58 crore posted in same quarter last fiscal, the growth was affected by a decline in Net Sales Realization (NSR) in the domestic steel market due to cheap imports. During the quarter, profit before exceptional items and tax stood at Rs 326.02 crore, up 42.23% as compared with Rs 202.15 crore in Q1 FY24. The steel making company reported exceptional loss of Rs 311.76 crore due to perquisites and allowances payable to executive employees and settlement of contractual disputes under Vivad Se Vishwas Scheme II. Total expenses fell 2.95% to Rs 23,871.60 crore in Q1 FY25 as compared with Rs 24,598.06 crore in Q1 FY24. Cost of material consumed stood at Rs 13,701.16 crore (down 10.32% YoY), employee benefit expenses was at Rs 2782.64 crore (down 2.33% YoY), while finance cost was at Rs 691.45 crore (up 12.87% YoY). EBITDA jumped 15% to Rs 2,420 crore in Q1 FY25 as compared with Rs 2,090 crore in Q1 FY24. Sales volume stood at 4.01 million tonnes (MT) in Q1 FY25 as against 3.88 MT in Q1 FY24 while crude steel production was at 4.68 MT during the quarter as compared with Rs 4.67 MT posted in same quarter last year. Amarendu Prakash, chairman, SAIL, said, 'Domestic steel consumption continues to grow steadily, driven by both traditional and emerging sectors. Additionally, ongoing Government investments in the infrastructure sector, as announced in the recent budget, are expected to bolster growth. With a positive outlook for the domestic steel sector, SAIL is focused on increasing its production volumes. The challenges posed by cheaper imports are anticipated to be addressed appropriately in the future. Steel Authority of India (SAIL) is the leading steel-making company in India. The company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets.Powered by Capital Market - Live
Net profit of Steel Authority of India declined 61.51% to Rs 81.78 crore in the quarter ended June 2024 as against Rs 212.48 crore during the previous quarter ended June 2023. Sales declined 1.48% to Rs 23997.81 crore in the quarter ended June 2024 as against Rs 24359.10 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales23997.8124359.10 -1 OPM %9.256.77 - PBDT1812.161563.35 16 PBT409.85288.17 42 NP81.78212.48 -62 Powered by Capital Market - Live
Steel Authority of India will hold a meeting of the Board of Directors of the Company on 8 August 2024Powered by Capital Market - Live
Steel Authority of India will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live
SAIL to make Rs 6,500 cr capex investment in FY25: CMD Amarendu Prakash
SAIL to invest Rs 6,500 Cr towards capex in FY25: CMD Amarendu Prakash
Steel body wants merger of three Companies with SAIL for synergy
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.57%, vs industry avg of 9.84%
Increasing Market Share
Over the last 5 years, market share increased from 12.78% to 13.53%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 5.48%, vs industry avg of 4.72%