SAILMetals & Mining

Steel Authority of India Limited

Iron & Steel · ISIN INE114A01011 · BSE 500113 · NSE EQ · FV ₹10
Last price
₹175
+0.84%today
What this company does

Steel Authority of India Limited operates in Iron & Steel, part of the Metals & Mining sector. It booked ₹26,246 cr of revenue in its latest quarter (Q1 FY27) and kept 6.3% of sales as profit. It is the 4th largest of 9 Iron & Steel companies we track, by market value.

55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 18–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns30

How much profit it earns on the money it employs

Balance sheet30

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency53

Whether sales and profit have grown, and how steadily

Valuation76

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 121% vs last year
Promoters hold 65%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 6.3% net margin

What if I invest in SAIL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹175 +0.84%
latest close · 2026-09-17
1-year return
+51.9%
52-wk low ₹6452-wk high ₹201
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.0Low
LowAverageHigh
P/B ratio1.20Moderate
Below bookModerateHigh
EV / EBITDA6.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.9%Fair
WeakFairStrong ▸15%
Return on capital11.5%Fair
WeakFairStrong
Net margin6.3%Decent
ThinDecentStrong
EBITDA margin16.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.53Moderate
LowModerateHigh ▸1
Interest cover5.4×Strong
RiskyOkayStrong ▸5×
Current ratio0.82Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹72,288 cr
Book value
₹146
EPS
₹3.98
latest quarter
Net debt
₹31,899 cr
owes more than its cash
Enterprise value
₹1.04 L cr
EBITDA
₹16,857 cr
annualised
EBIT
₹10,616 cr
annualised
Operating margin
10.1%
Return on assets
4.8%
Earnings yield
9.10%
P/S
0.69
Sales / share
₹254.2
Tax rate
25.1%
Face value
₹10
Shares
413.1 cr
Working capital
₹-7,705 cr
Current assets
₹35,915 cr
Current liabilities
₹43,620 cr
Delivery %
39.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹57₹67, midpoint ₹62

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹26,246 cr
Other Income₹206 cr
Total Income₹26,451 cr
Cost of Materials₹12,633 cr
Purchases of Stock-in-Trade₹460 cr
Inventory Change (±)₹-2,242 cr
Employee Benefit Expense₹2,941 cr
Finance Costs₹493 cr
Depreciation & Amortisation₹1,560 cr
Other Expenses₹8,301 cr
Total Expenses₹24,146 cr
Exceptional Items₹-144 cr
Profit before Tax₹2,161 cr
Tax Expense₹543 cr
Share of JV / Associates₹26 cr
Net Profit₹1,644 cr
Net margin on total income6.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹10,851 cr41.2%
Employee benefit expense₹2,941 cr11.2%
Finance costs₹493 cr1.9%
Depreciation & amortisation₹1,560 cr5.9%
Other expenses₹8,301 cr31.5%
Tax expense₹543 cr2.1%
Profit for the period₹1,644 cr6.2%
Total income ₹26,451 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue27,371 cr30,813 cr26,246 cr
Total income27,546 cr31,165 cr26,451 cr
Expenses27,140 cr28,514 cr24,146 cr
Profit before tax406 cr2,321 cr2,161 cr
Tax106 cr666 cr543 cr
Net profit (owners' share)374 cr1,835 cr1,644 cr
Net margin (owners' share, on revenue)1.4%6.0%6.3%
EPS (₹)0.914.443.98
YoY (latest quarter): total income +1.4% · net profit +120.8%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1.36 L cr
Shareholder equity
₹60,356 cr
parent shareholders
Total debt
₹31,928 cr
Cash
₹29 cr
Cash flow · H1 FY26
Operating
₹7,976 cr
Investing
₹-3,431 cr
Financing
₹-4,590 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limited₹1,253₹3.06 L cr16.4
Tata Steel Limited₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limitedthis company₹175₹72,288 cr11.0
Jindal Stainless Limited₹724₹59,702 cr19.4
Sarda Energy & Minerals Limited₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limited₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.6
ex 8 Sep 2025
ActionDetailEx-date
Dividend₹1.6 / share8 Sep 2025
Dividend₹1 / share19 Sep 2024
Dividend₹1 / share20 Feb 2024
Dividend₹0.5 / share20 Sep 2023
Dividend₹1 / share24 Mar 2023
Dividend₹2.25 / share28 Jul 2022
Who owns it · 2026-06-30
No pledge
Promoter
65.0%
FII / Foreign
7.1%
DII / Domestic
16.9%
Retail / others
11.1%
Smart-money activity
Insider trades
SoldThe President of India · Promoters41.31 cr · ₹2740.7 cr14 Jan 21
Bulk / block deals
short · NSE5008 Sep 26
short · NSE492 Sep 26
short · NSE411 Sep 26
Stake changes
SoldLife Insurance Corporation of India→ 4.62% · 8.26 cr1 Sep 26
SoldLife Insurance Corporation of India→ 6.62% · 8.51 cr28 Apr 26
BoughtLife Insurance Corporation of India→ 8.68% · 8.27 cr8 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 16 Sep 2025
See the official result
1
To receive, consider and adopt: (i)the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025, together with the Reports of the Board of Directors and Auditors thereon. (ii)the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 with the Report of the Auditors thereon.
Backed by 56% of shareholders other than promotersneeded 50%
23.67 cr votes for, 18.77 cr against · 44% of mutual funds and other big investors said no
2
To appoint a director in place of Shri K. K. Singh (DIN: 09310667), who retires by rotation at this Annual General Meeting and is eligible for re-appointment
Backed by 82% of shareholders other than promotersneeded 50%
69.13 cr votes for, 15.67 cr against · 18% of mutual funds and other big investors said no
3
To authorise the Board of Directors of the Company to fix the remuneration of the Statutory Auditors of the Company appointed by the Comptroller & Auditor General of India for the Financial Year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
84.67 cr votes for, 12.73 L against · 0% of mutual funds and other big investors said no
4
To declare Final Dividend for the Financial Year 2024-25 @ Rs.1.60 per Equity Share of the face value of Rs.10/- each.
Backed by 100% of shareholders other than promotersneeded 50%
84.80 cr votes for, 21,253 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 65.0% between them · as of 2026-06-30
PRESIDENT OF INDIA65.00%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.