S.A.L. Steel Limited

S.A.L. Steel Limited (SALSTEEL) is a micro-cap Metals & Mining company valued at ₹1,172 crore operating in Sponge Iron on the NSE and BSE.

Recent price move

S.A.L. Steel Limited last traded at ₹82.61, down 2.61% on the day.

Recent developments

2026-06-30: The company's stainless steel share price received positive attention in media, highlighting demand from Indian manufacturers and the potential for policy support from the government.

Financial performance

The company's business has deteriorated significantly, with annual revenue falling 61.9% to ₹207 crore. However, the latest quarter showed a turnaround, with net profit turning positive at ₹3 crore, up from a net loss of ₹10 crore a year earlier. The net profit margin improved to -0.2% from -1.1% in the prior year, but the return on equity remains negative at -0.2%.

Valuation multiples

The stock trades at 89.6 times earnings, 7.61 times book value.

Things to watch

The company reported a net loss of ₹0 crore in its latest financial year, though this is an improvement from a loss of ₹6 crore the previous year. The debt to equity ratio is 2.38, indicating a highly leveraged position. Promoter shares pledged amount to 18.98% of their holding, raising concerns about liquidity.

Where it stands

The company's latest quarter showed a net profit of ₹3 crore, marking a reversal from a net loss a year earlier. The stock is 3.4% below its 52-week high, and the business has seen a sharp decline in revenue over the past three years. The most significant movement was the return to profitability in the latest quarter.

Summarised by DocStoX's model on 2026-10-04 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.