Steel Authority of India Ltd.

NSE: SAIL · Iron & Steel

52W Range₹118 ₹210

Snapshot

Unlock Steel Authority of India Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Steel Authority of India Limited (SAIL) is a major Indian state-owned steel producer engaged in the manufacturing and sale of a wide range of iron and steel products. Its extensive portfolio includes long products, flat products, and specialised alloy steels catering to domestic and international markets.

Business Model

The company generates revenue through the integrated production and distribution of steel products, ranging from basic pig iron to high-value stainless and alloy steel. It operates multiple integrated steel plants and processing units to serve infrastructure, construction, and industrial sectors.

Growth Outlook

Growth is primarily driven by India's expanding infrastructure requirements and the sustained demand for high-quality steel in the construction and manufacturing sectors. The company continues to focus on product diversification and capacity optimisation to strengthen its market position.

Key Risks

  • Cyclicality of Steel Industry. The company is highly susceptible to global and domestic economic cycles which impact steel demand and pricing volatility.
  • Raw Material Price Volatility. Fluctuations in the costs of essential raw materials like coking coal and iron ore significantly affect operating margins.
  • Regulatory and Environmental Compliance. As a large-scale manufacturer, the company faces stringent environmental regulations and potential policy shifts regarding carbon emissions.
  • Competitive Pressure. SAIL faces intense competition from both domestic private players and low-cost international steel imports.

Price

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Key Metrics

REVENUE

₹1,10,811 Cr

TTM · consolidated

+8.1%YoY

NET PROFIT

₹3,373 Cr

TTM · consolidated

+42.2%YoY

EPS

₹8.16

TTM · consolidated

+42.2%YoY

RETURN ON EQUITY

5.7%

TTM · consolidated

+1.6 ppYoY

RETURN ON CAPITAL EMPLOYED

6.9%

TTM · consolidated

+0.6 ppYoY

P/E

20.1x

Q4 FY26 · consolidated

20.1 vs 21.3x5Y avg

EV/EBITDA

7.7x

Q4 FY26 · consolidated

7.7 vs 7.6x5Y avg

EBITDA MARGIN

11.6%

TTM · consolidated

+0.4 ppYoY

NET PROFIT MARGIN

6.0%

Q4 FY26 · consolidated

+1.7 ppYoY

DEBT TO EQUITY

0.5x

Q4 FY26 · consolidated

-0.10xYoY

Peers · Iron & Steel

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Steel Authority of India Ltd.SAIL
60,59420.057.728.1%11.6%5.7%6.9%+22.5%
Jindal Steel & Power Ltd.JINDALSTEL
1,14,86131.0112.497.0%18.8%7.0%8.3%+10.4%
Jindal Stainless Ltd.JSL
59,31219.0211.429.3%13.8%18.2%20.1%+9.1%
Sarda Energy and Minerals Ltd.SARDAEN
17,98015.749.8322.6%35.6%16.9%18.0%+11.1%
NMDC Steel Ltd.NSLNISP
10,304206.6710.7960.4%11.8%0.4%3.1%+10.3%
Jai Balaji Industries LimitedJAIBALAJI
5,32445.9616.48-8.9%6.7%6.0%10.9%-46.3%

As of Q4 FY26

Financials