Steel Authority of India

    SAIL
    Metals
    ₹173.00
    price as of 15/9/2026, 6:27:59 pm

    Market cap ₹71,458 Cr

    P/E
    16.71
    Day range
    ₹172.92 – ₹180.00
    52-week range
    ₹124.00 – ₹209.70
    Volume
    1.02 Cr
    Open
    ₹179.53
    Prev close
    ₹179.00

    Key metrics

    P/E (TTM)
    17.8
    EPS (TTM)
    ₹10.35
    ROE (FY26)
    5.7%
    ROCE (latest year)
    8%
    Dividend yield
    1.28%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +2.0%
    Profit 3Y CAGR
    +15.7%
    Revenue YoY (Jun 2026)
    +1.2%
    Profit YoY (Jun 2026)
    +120.7%
    Operating margin
    16.0%
    Net margin
    6.3%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr8.0K Cr16.0K Cr24.0K Cr32.0K Cr0%4%8%12%16%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • DII
    • Public
    • FII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-40.0KCr-20.0KCr0 Cr20.0K Cr40.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-9%0%9%18%27%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr20.0K Cr40.0K Cr60.0K Cr80.0K Cr0.0x0.3x0.7x1.1x1.4x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 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 Rs₹3.16₹1.02₹2.73₹0.20₹2.17₹0.34₹3.03₹1.80₹1.01₹0.91₹4.44₹3.98

    From company filings, updated 15 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Working-capital cycle

    Debtor Days21

    -22 days since Mar 2021

    Inventory Days158

    -49 days since Mar 2021

    Days Payable72

    -35 days since Mar 2021

    Cash Conversion Cycle108

    -36 days since Mar 2021

    Working Capital Days-27

    +51 days since Mar 2021

    Strengths, risks & growth

    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)

    Strengths

    • Company has been maintaining a healthy dividend payout of 27.9%

    Risks

    • The company has delivered a poor sales growth of 9.90% over past five years.
    • Company has a low return on equity of 5.85% over last 3 years.
    • Contingent liabilities of Rs.43,331 Cr.
    • Company might be capitalizing the interest cost

    Compounded Sales Growth

    10 Years
    +11%
    5 Years
    +10%
    3 Years
    +2%
    TTM
    +6%

    Compounded Profit Growth

    10 Years
    +11%
    5 Years
    -1%
    3 Years
    +26%
    TTM
    +59%

    Stock Price CAGR

    10 Years
    +14%
    5 Years
    +8%
    3 Years
    +23%
    1 Year
    +35%

    Return on Equity

    10 Years
    +7%
    5 Years
    +9%
    3 Years
    +6%
    Last Year
    +7%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter65.00%65.00%65.00%65.00%0.00 pp
    FII3.76%4.54%5.01%7.09%+2.08 pp
    DII18.10%17.84%18.40%16.87%-1.53 pp
    Public13.14%12.63%11.58%11.05%-0.53 pp

    Filed with NSE for Jun 2026: promoters 65.00%, public 35.00% · XBRL filing

    Analysts & fund holdings

    48%
    48% recommend buy
    25 analysts cover the stock
    Valuation vs Metals & Mining
    P/E16.7 vs 24.9
    Sector P/B3.12
    Beta1.39

    Who holds the shares, quarter by quarter

    Mutual funds 8.74% (+0.05 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters65.0%
    • Foreign institutions7.1%
    • Mutual funds8.7%
    • Insurance8.0%
    • Other domestic institutions0.1%
    • Retail7.1%
    • Others3.9%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Mirae Asset Large & Midcap Fund1.45%2.26%+0.68 pp
    Mirae Asset Midcap Fund1.00%3.54%+0.76 pp
    Mirae Asset ELSS Tax Saver Fund0.68%1.84%+0.45 pp
    Tata Arbitrage Fund0.49%1.42%+0.40 pp
    Kotak Arbitrage Fund0.47%0.44%+0.38 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Avg
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 248 daily sessions to 11 Sept 2026.

    Computed

    Risk

    Volatility (1Y)
    35.5%
    Downside volatility
    33.1%
    Worst 5% of days
    3.3%
    Average of that tail
    4.3%
    Max drawdown (1Y)
    21.9%
    Below its peak
    13.1%

    Against the market

    Beta vs Nifty 50
    0.94
    Correlation
    0.35
    Relative strength (3M)
    -0.0%
    ATR (14)
    3.6%

    Return

    Return 1M
    +6.1%
    Return 3M
    -1.9%
    Return 6M
    +19.5%
    Return 1Y
    —
    vs 200-day average
    +8.5%

    Momentum

    RSI (14)
    44.6
    MACD histogram
    -1.72
    Stochastic %K
    1.6
    ADX (14)
    18.3
    +DI / −DI
    18.1 / 24.6
    Money flow index
    61.2

    Participation

    Delivery (20d avg)
    40.9%
    vs its 60-day baseline
    -0.4 pts
    Volume vs 20-day
    -1.1σ
    Close vs day's VWAP
    -0.5%
    52-week position
    66 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Corporate actions

    • dividend
      ₹1.60

      Dividend - Rs 1.60 Per Share

      8 Sept 2025
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      19 Sept 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 1 Per Share

      19 Sept 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      20 Feb 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 0.50 Per Share

      20 Sept 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Sept 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      24 Mar 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Sept 2022
      ex-date
    • dividend
      ₹2.25

      Dividend - Rs 2.25 Per Share

      28 Jul 2022
      ex-date
    • dividend
      ₹2.50

      Interim Dividend - Rs 2.50 Per Share

      28 Mar 2022
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Sh

      9 Nov 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Sept 2021
      ex-date
    • dividend
      ₹1.80

      Dividend - Rs 1.80 Per Share

      20 Sept 2021
      ex-date
    • dividend
      ₹1.00

      Interim Dividend - Rs 1.00 Per Share

      4 Feb 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      14 Oct 2020
      ex-date
    • dividend
      ₹0.50

      Annual General Meeting/Dividend - Rs 0.50 Per Share

      22 Aug 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      16 Aug 2018
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      21 Aug 2017
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      19 Aug 2016
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/ Dividend - Re 0.25/- Per Share

      11 Aug 2015
      ex-date

    Company announcements

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Credit Rating

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Extract of Newspaper Publication.

    Insider Trading / SAST
    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India

    Others
    Business Responsibility and Sustainability Reporting (BRSR)

    BRSR Report for FY 2025-26

    Others
    Reg. 34 (1) Annual Report.

    Notice of 54th Annual General Meeting to be held through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) along with the Annual Report of the Company for the Financial Year (FY) 2025-26.

    Company Update
    Announcement under Regulation 30 (LODR)-Cessation

    Change in the composition of SAIL Board

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Extract of Newspaper Publication of notice for intimation of 54th AGM of SAIL

    Company Update
    Intimation Of Date Of Annual General Meeting Of The Company

    Intimation of Date of Annual General Meeting of the Company

    Corp. Action
    Intimation Of Record Date For Final Dividend 2025-26

    Intimation of Record Date for Final Dividend 2025-26

    Others
    Rumour verification - Regulation 30(11)

    Rumour Clarification from SAIL

    Company UpdatePrice-sensitive
    Clarification sought from Steel Authority of India Ltd

    The Exchange has sought clarification from Steel Authority of India Ltd on August 10, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated August 10, 2026 quoting ....

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Analyst Meet - Transcript

    Others
    Rumour verification - Regulation 30(11)

    Rumour Verification Letter

    Company UpdatePrice-sensitive
    Clarification sought from Steel Authority of India Ltd

    The Exchange has sought clarification from Steel Authority of India Ltd on July 29, 2026, with reference to news appeared in https://economictimes.indiatimes.com/ dated July 29, 2026 quoting ....

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Link to Audio Recording of conference call held with Analysts & Investors on 28th July, 2026.

    Filed with BSE (scrip 500113); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 12 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.