CareEdge Ratings ne SAIL ke long-term bank facilities ke outlook ko 'Stable' se badal kar 'Positive' kar diya hai. Company ki behtar profitability aur kam hote debt ne ye confidence boost diya hai.
Rating Upgrade ka Sach
CareEdge Ratings ne SAIL ke long-term outlook ko 'Positive' mark kiya hai kyunki company ki operational performance mein zabardast sudhaar aaya hai. Agar hum numbers ki baat karein, toh Q1FY27 mein PBILDT per tonne ₹9,974 tak pahunch gaya hai, jo Q1FY26 mein sirf ₹6,998 tha. Iske saath hi, company ne apna total debt ₹41,740 Crore se ghata kar ₹35,788 Crore kar liya hai, jo balance sheet ke liye bohot acchi news hai.
Capex ka Load aur Future Risks
Ratings toh achi hain, lekin investors ko bade picture par nazar rakhni chahiye. SAIL ne FY32 tak apni capacity ko 35 MTPA tak le jaane ka target rakha hai. Iske liye company ₹1 lakh crore se ₹1.2 lakh crore ka bhari Capex plan kar rahi hai. Itna bada debt-funded expansion risk bhi la sakta hai.
Investors ke liye watch-list:
- Contingent Liabilities: Company par ₹39,723 Crore ki contingent liabilities hain, jo arbitration aur legal cases se judi hain.
- Raw Material Price: Global market mein coking coal ke daam upar-neeche hone se margin par seedha asar padta hai.
Overall, SAIL ki balance sheet abhi strong dikh rahi hai, lekin naye Capex aur legal cases par nazar rakhna bohot zaroori hai.