Steel Authority of India Limited

Steel Authority of India Limited (SAIL) is a mid-cap Metals & Mining company valued at ₹70,728 crore operating in Iron & Steel on the NSE and BSE.

Recent price move

Steel Authority of India Limited last traded at ₹170.95, modestly up 0.39% on the day.

Recent developments

On 2026-10-05, SAIL reported record production in various product categories during H1, with higher crude steel, finished steel output, and robust iron ore sales, aiming to support India’s industrial growth. On 2026-10-04, SAIL's Q1FY27 EBITDA increased 50% to ₹4,356 crore due to better realizations. The same day, the Steel Ministry asked SAIL and NMDC to explore mining assets abroad to secure future requirements and reduce costs. On 2026-09-30, SAIL airlifted coking coal from Mongolia in a first test to diversify supplies, addressing rising import needs and logistical challenges for Indian steelmakers.

Financial performance

SAIL's annual revenue rose 8.1% to ₹110,811 crore, while net profit surged 42.2% to ₹3,373 crore. The latest quarter saw revenue grow 1.2% year-on-year to ₹26,246 crore, with net profit jumping 120.7% to ₹1,644 crore, reflecting strong performance in the recent quarter.

Valuation multiples

The stock trades at 20.9 times earnings, 1.26 times book value. It yields 1.3%.

Things to watch

The stock is 18.2% below its 52-week high. Domestic institutional holding fell 1.55 percentage points in the quarter. The net profit margin, while up, remains at 3.0%, which is relatively low compared to industry peers. The return on equity of 5.6% suggests limited profitability relative to equity invested.

Where it stands

SAIL's business has shown strong growth, with annual net profit rising 42.2% and a significant jump in the latest quarter's net profit. The company's recent developments highlight improved production and strategic moves to secure raw materials. However, the stock is trading below its 52-week high, and the return on equity remains low, indicating potential challenges in profitability.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.