Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. 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. SAIL manufactures and sells a broad range of steel products.(Source : Company Web-Site)
OverviewThe company is a state-owned steel producer, with the GOI holding a 65% majority stake as of June 2024. It holds Maharatna status and is one of India's largest steel producers.[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JSW Steel | 1186.20 | 47.42 | 290079.71 | 0.24 | 1646.00 | 166.16 | 45152.00 | 13.78 | 8.11 | 174496.00 | 15.02 | 6113.96 | 1623.00 | 3.48 | 1.65 | 1.22 |
| 2. | Tata Steel | 187.95 | 31.92 | 234627.94 | 1.90 | 3183.09 | 310.38 | 58689.29 | 8.88 | 8.83 | 221733.82 | 12.98 | 7351.87 | 3394.27 | 2.47 | 1.22 | 1.01 |
| 3. | Jindal Steel | 1040.00 | 29.45 | 106089.19 | 0.19 | 635.08 | -25.86 | 11685.88 | 4.21 | 10.67 | 48914.16 | 19.49 | 3597.33 | 638.23 | 2.12 | 4.33 | 0.39 |
| 4. | Jindal Stain. | 811.35 | 24.22 | 66889.25 | 0.38 | 807.92 | 29.87 | 10892.78 | 11.41 | 18.16 | 41205.54 | 11.88 | 2759.27 | 793.92 | 3.70 | 7.50 | 0.38 |
| 5. | S A I L | 149.30 | 23.32 | 61668.75 | 1.06 | 426.79 | -22.65 | 26703.94 | 8.22 | 6.73 | 106431.11 | 10.14 | 2644.84 | 644.74 | 1.11 | 1.77 | 0.60 |
| 6. | Sarda Energy | 492.75 | 16.29 | 17363.63 | 0.31 | 327.77 | 65.39 | 1527.78 | 31.86 | 15.27 | 5718.87 | 30.92 | 1063.40 | 323.18 | 2.50 | 8.51 | 0.38 |
| 7. | NMDC Steel | 41.77 | – | 12241.17 | 0.00 | -114.78 | 80.72 | 3389.90 | 122.68 | -12.97 | 11712.91 | -2.83 | -1320.39 | -114.78 | 0.97 | -8.21 | 0.41 |
| – | Median: 12 Co. | 138.45 | 23.47 | 14802.4 | 0.28 | 194.67 | 47.63 | 2458.84 | 8.55 | 9.37 | 8749.67 | 11.01 | 695.47 | 192.38 | 2.02 | 2.75 | 0.4 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 26,246 | 25,042 | 29,131 | 24,358 | 29,714 | 23,345 | 27,958 | 23,998 | 24,675 | 24,490 | 29,316 | 25,921 | 26,704 |
Expenses | 25,514 | 22,965 | 26,217 | 22,710 | 25,845 | 21,205 | 24,483 | 21,778 | 21,770 | 22,465 | 25,835 | 23,157 | 24,178 |
Operating Profit | 733 | 2,077 | 2,914 | 1,647 | 3,869 | 2,140 | 3,475 | 2,219 | 2,904 | 2,025 | 3,481 | 2,765 | 2,526 |
Other Income | 441 | 419 | 447 | 442 | -241 | 255 | -149 | -112 | 269 | 393 | 271 | 161 | -35 |
Profit before tax | -516 | 635 | 1,480 | 202 | 1,696 | 461 | 1,329 | 14 | 1,113 | 318 | 1,564 | 890 | 553 |
Tax % | -25% | 27% | 29% | 26% | 27% | 28% | 24% | 25% | 25% | 60% | 25% | 23% | 23% |
Net Profit | -386 | 464 | 1,049 | 150 | 1,241 | 331 | 1,011 | 11 | 834 | 126 | 1,178 | 685 | 427 |
EPS in Rs | -0.93 | 1.12 | 2.54 | 0.36 | 3.00 | 0.80 | 2.45 | 0.03 | 2.02 | 0.30 | 2.85 | 1.66 | 1.03 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 46,567 | 45,660 | 38,746 | 44,452 | 57,558 | 66,967 | 61,661 | 69,110 | 103,473 | 104,447 | 105,375 | 102,478 | 106,431 |
Expenses | 43,744 | 40,986 | 41,578 | 44,366 | 52,868 | 57,188 | 51,414 | 56,344 | 82,129 | 96,425 | 94,243 | 91,805 | 95,635 |
Operating Profit | 2,823 | 4,673 | -2,831 | 86 | 4,691 | 9,779 | 10,247 | 12,766 | 21,344 | 8,022 | 11,131 | 10,673 | 10,796 |
Other Income | 3,086 | 913 | 527 | 271 | 438 | 98 | 165 | 1,032 | 667 | 1,614 | 308 | 778 | 789 |
Interest | 968 | 1,454 | 2,300 | 2,528 | 2,823 | 3,155 | 3,487 | 2,817 | 1,698 | 2,037 | 2,474 | 2,793 | 2,423 |
Depreciation | 1,717 | 1,773 | 2,402 | 2,680 | 3,065 | 3,385 | 3,755 | 4,102 | 4,274 | 4,963 | 5,277 | 5,650 | 5,838 |
Profit before tax | 3,225 | 2,359 | -7,008 | -4,851 | -759 | 3,338 | 3,171 | 6,879 | 16,039 | 2,637 | 3,688 | 3,009 | 3,325 |
Net Profit | 2,616 | 2,093 | -4,021 | -2,833 | -482 | 2,179 | 2,022 | 3,850 | 12,015 | 1,903 | 2,733 | 2,148 | 2,416 |
EPS in Rs | 6.33 | 5.07 | -9.74 | -6.86 | -1.17 | 5.27 | 4.89 | 9.32 | 29.09 | 4.61 | 6.62 | 5.20 | 5.84 |
Dividend Payout % | 32% | 39% | 0% | 0% | 0% | 9% | 0% | 30% | 30% | 33% | 30% | 31% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 |
Reserves | 38,536 | 39,374 | 35,065 | 31,879 | 31,583 | 34,021 | 35,647 | 39,364 | 47,887 | 48,009 | 50,000 | 51,526 | 51,842 |
Borrowings | 25,281 | 29,898 | 34,980 | 41,396 | 45,409 | 45,170 | 54,127 | 37,677 | 17,284 | 30,773 | 36,315 | 36,934 | 33,663 |
Other Liabilities | 24,217 | 26,140 | 26,389 | 29,363 | 33,388 | 33,364 | 31,462 | 34,831 | 48,709 | 45,099 | 47,395 | 40,669 | 42,024 |
Total Liabilities | 92,165 | 99,542 | 100,564 | 106,768 | 114,511 | 116,685 | 125,366 | 116,002 | 118,011 | 128,012 | 137,841 | 133,260 | 131,660 |
Fixed Assets | 26,771 | 36,169 | 45,925 | 50,285 | 58,612 | 61,359 | 69,019 | 67,600 | 73,657 | 73,524 | 72,408 | 73,288 | 72,410 |
Gross Block | 54,168 | 65,205 | 77,754 | 84,566 | 95,519 | 101,457 | 112,712 | 115,094 | 124,787 | 128,774 | 132,571 | 137,646 | – |
Accumulated Depreciation | 27,398 | 29,037 | 31,829 | 34,280 | 36,908 | 40,097 | 43,692 | 47,494 | 51,130 | 55,250 | 60,163 | 64,358 | – |
CWIP | 33,651 | 29,196 | 24,927 | 23,275 | 18,395 | 16,014 | 8,752 | 8,878 | 4,017 | 4,891 | 6,141 | 7,206 | 8,842 |
Investments | 720 | 919 | 1,293 | 1,395 | 1,491 | 1,585 | 1,585 | 1,595 | 1,624 | 1,673 | 1,694 | 1,759 | 1,809 |
Other Assets | 31,024 | 33,259 | 28,420 | 31,811 | 36,012 | 37,728 | 46,011 | 37,929 | 38,712 | 47,924 | 57,599 | 51,006 | 48,599 |
Total Assets | 92,165 | 99,542 | 100,564 | 106,768 | 114,511 | 116,685 | 125,366 | 116,002 | 118,011 | 128,012 | 137,841 | 133,260 | 131,660 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 5,883 | 2,744 | 3,800 | 2,125 | 6,158 | 7,302 | -651 | 23,396 | 30,964 | -5,406 | 2,933 | 9,888 |
Cash from Investing Activity | -7,192 | -5,160 | -4,558 | -5,439 | -6,469 | -3,756 | -4,236 | -3,273 | -3,975 | -3,234 | -4,280 | -5,233 |
Cash from Financing Activity | 1,247 | 2,362 | 743 | 3,302 | 269 | -3,591 | 5,006 | -19,808 | -27,398 | 8,587 | 1,354 | -4,384 |
Net Cash Flow | -62 | -55 | -16 | -12 | -41 | -45 | 119 | 315 | -409 | -53 | 7 | 272 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 26 | 30 | 24 | 25 | 24 | 52 | 43 | 17 | 19 | 29 | 27 |
Inventory Days | 279 | 383 | 307 | 274 | 226 | 243 | 371 | 207 | 170 | 180 | 222 | 211 |
Days Payable | 58 | 77 | 83 | 90 | 99 | 90 | 98 | 107 | 145 | 92 | 103 | 75 |
Cash Conversion Cycle | 264 | 331 | 254 | 208 | 152 | 178 | 325 | 143 | 42 | 106 | 147 | 163 |
Working Capital Days | -32 | -64 | -137 | -171 | -88 | -51 | -25 | -79 | -39 | -41 | -20 | -18 |
ROCE % | 5% | 5% | -6% | -3% | 3% | 8% | 8% | 11% | 24% | 6% | 8% | 7% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Aug 2025
Jun 2025
Feb 2025
Nov 2024
Aug 2024
May 2024
Feb 2024
Nov 2023
Aug 2023
Jun 2023
Feb 2023
Aug 2022
May 2022
Jun 2018
Stock Analysis
Steel Authority of India Limited (SAIL) is a prominent Indian Maharatna public sector undertaking and one of the country's largest steel producers, operating integrated and special steel plants.
Management guidance points to EBITDA margin improvement in H2 FY26, with Q4 FY26 targeted at 14-15%, driven by operational efficiencies and cost controls. Planned expansions, such as at IISCO, are expected to bolster future growth. CAPEX projection of over ₹7,500 Cr for FY26 indicates investment in capacity and modernization.
No specific order book data mentioned in the provided news.
Auditor qualifications highlight significant potential unprovided liabilities amounting to ₹1,274.20 Cr, which could impact the company's equity. Non-compliance with independent director norms was also noted.
Trading window closed from January 1, 2026, until 48 hours after the declaration of Q3 FY26 financial results. Q2 and H1 FY26 results were announced on October 29, 2025.
Corporate Announcements
