Live Steel Authority of India Share Price Chart

O 133.55

H 135.15

L 133.15

VOL 2668924

Steel Authority of India Performance

Days Range

Low: ₹133.15
High: ₹138.50
Previous Close ₹133.00
Open ₹133.55
Volume 2,24,27,573
Day’s Range ₹133.15 - ₹138.50
52W Range ₹77.60 - ₹150.00
Market Cap ₹56,815 Cr

Steel Authority of India Fundamentals

ROCE (TTM) 7.4
P/E Ratio (TTM) 18.32
P/B Ratio 1.01
Industry P/E 19.23
Debt to Equity 0.55
ROE 5.75
EPS (TTM) 8.18
Dividend Yield 1.09
Book Value 135.62
Face Value 10

Steel Authority of India Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales29,130.6624,359.129,712.0723,348.64
Expenses27,571.1723,985.4627,163.322,526.96
Profit before tax1,561.84288.171,769.78562.66
Operating Profit1,159.21212.481,305.59422.92
Net Profit1,159.21212.481,305.59422.92
EPS in Rs2.940.514.240.75

About Steel Authority of India

History of SAIL

Steel Authority of India Limited (SAIL) traces its origin to Hindustan Steel Ltd, set up on January 19, 1954. Hindustan Steel (HSL) was initially meant to manage only one plant that was coming up at Rourkela. Eventually, the Bhilai and Durgapur steel plants were also transferred to HSL in 1957, beginning its journey.

In 1972, the government wished to build a holding company that could manage inputs and outputs under one umbrella. This process led to the establishment of the Steel Authority of India Ltd. The company was incorporated on January 24, 1973, with an authorised capital of ₹2,000 crore. It was made responsible for managing the five steel plants in Durgapur, Bhilai, Bokaro, Rourkela and Burnpur, plus the Alloy Steel Plant and Salem Steel Plant.

In 2001, SAIL entered into a joint venture with NTPC to form NSPCL for captive power generation. In 2010, SAIL became a Maharatna company, and in 2019, the company launched its new branded TMT bars, SAIL SeQR. In 2015, the company won the contract to supply rail to the railway expansion project in Iran. In 2021, SAIL launched its “SAIL Vision 2030”, which set the target for its crude steel production capacity to 50 million tonnes per annum by 2030. The company has also shown significant effort towards launching new and improved versions of steel such as ‘Duplex Stainless Steel’, Ultra Low Nb Structural, etc.

Business Segments 

SAIL is one of the largest steel producers in India and is a CPSE or central public sector enterprise. It has a wide range of product lines, including Structurals, SAIL TMT BARS, Galvanised Products, Wire Rods, Plates, Railway Products, Pipes, Wheels and Axles, Hot and Cold Rolled Products, and Stainless Steel Products, among others.

Although most of its major customers are institutional buyers like Defence and the Railways, SAIL also services the requirements of a variety of customers in construction, heavy engineering, fabrication, tubes, cold-reducers, automobiles, cycles, drums and barrels, containers, white goods, transportation of oil/gas/water, coated sheet manufacturers, wire drawers and agricultural equipment.

The company increases or decreases the proportion of the production of any of these products based on the changing market conditions. For example, if the price of iron ore decreases, then SAIL may choose to focus its production efforts elsewhere and wait for the iron prices to jump back.

Corporate Actions

SAIL has not gone through any acquisitions, buybacks, stock splits, rights issues or issuance of bonus shares in recent years.

Mergers and Acquisitions

  • On February 13, 2011, the company acquired 50% of the shares in Steel Complex Limited (SCL), Kozhikode that were earlier held by the state government of Kerala and took over the operations of SCL.

Financial Highlights 

  1. Between March 2021 and March 2022, SAIL saw its sales revenue jump by nearly 50%.
  2. However, between March 2022 and March 2023, SAIL’s profit after tax has fallen by nearly 82%.
  3. The company has low debt, as its debt-to-equity ratio is about 0.56 in September 2023.
  4. The company needs to improve its solvency as its current ratio and quick ratio are standing at 0.78 and 0.21, respectively, in September 2023.
Parent Organisation Govt of India
Founded 1973
Managing Director Amarendu Prakash
NSE Symbol SAIL

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
APL Apollo Tubes Ltd ₹42,527.86

1531.85

18.20 (-1.17%)

1525 - 1557
Jindal Stainless Ltd ₹54,597.83

662.9

12.55 (1.93%)

654.1 - 664.25
JSW Steel Ltd ₹206,457.45

844.95

8.75 (1.05%)

834.4 - 847
Tata Steel Ltd ₹193,681.92

155.25

5.30 (3.53%)

151 - 156.2
Jindal Steel & Power Ltd ₹85,513.99

838.5

15.65 (1.90%)

823.6 - 844.85

What's Trending

Steel Authority of India FAQs

What is the Share price of Steel Authority of India (SAIL)?

Steel Authority of India (SAIL) share price as of March 2, 2024, on NSE is Rs 137.65 (NSE) and Rs 137.55 (BSE) on BSE.

Can I buy Steel Authority of India (SAIL) shares?

Yes, You can buy Steel Authority of India (SAIL) shares by opening a Demat account with Angel One.

How do I buy Steel Authority of India (SAIL) from Angel One?

Steel Authority of India (SAIL) share can be brought through the following modes:
  1. Direct investment: You can buy Steel Authority of India (SAIL) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Steel Authority of India (SAIL) shares.

Who are the promoters of SAIL?

The promoter of SAIL is the Presdient of India.

What are the Subsidiaries that comes under SAIL?

The subsidiary that comes under SAIL is SAIL Refractory Company Limited.

What is the total Asset of SAIL?

The total asset of SAIL is Rs. 120, 109 Crores.

What is the main business of SAIL?

The main business of SAIL is to produce steel. It is a fully integrated iron and steel manufacturer that produces both basic and special steels for domestic construction, engineering, power, railway, automobile, and defence industries as well as for sale in the international markets.