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Steel Authority of India Ltd share Price Today

Company details

160.60
165.70
81.80
175.35
6M Return 79.99%
1Y Return 94.19%
Mkt Cap.(Cr) 67,616.69
Volume 17,153,625
Div Yield 0.62%
OI
-
OI Chg %
-
Volume 17,153,625

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Steady operational performance…
About The Stock

    Steel Authority of India (SAIL) is one of the leading steel producers in India, with five large integrated steel plants (Bhilai steel plant, Rourkela steel plant, Durgapur steel plant, Bokaro steel plant and Iisco). In addition, SAIL also has three special steel plants.

    • SAIL has iron ore mines in Chhattisgarh, Jharkhand and Odisha, which aid in meeting 100% of its iron ore requirements captively
    • In FY22, SAIL reported crude steel production of 17.36 million tonnes (MT) and steel sales volume of 16.15 MT
Q3FY23

    SAIL reported a steady operational performance for Q3FY23 wherein standalone EBITDA/tonne came in higher than our estimate.

    • For Q3FY23, SAIL reported sales volume of 4.2 million tonnes (MT), up 9% YoY but down 1% YoY, broadly in line with our estimate of 4.2 MT. Standalone topline for the quarter was at ₹ 25042 crore, down 1% YoY and 5% QoQ (our estimate of ₹ 26031 crore)

     

    • Standalone EBITDA for the quarter was at ₹ 2077 crore, down 39% YoY, but up 183% QoQ, higher than our estimate of ₹ 1806 crore. Standalone EBITDA/tonne for the quarter was at ₹ 5003/tonne, higher than our estimate of ₹ 4250/tonne

     

    • Ensuing standalone PAT for the quarter was at ₹ 464 crore, higher than our estimate of ₹ 304 crore. Consolidated PAT was at ₹ 542 crore

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Iron & Steel Products company Steel Authority of India (SAIL) announced Q4FY24 & FY24 results:

FY24 Financial Highlights:

  • Crude Steel Production increased from 18.29 million tonnes in FY23 to 19.24 million tonnes in FY24, marking a growth of 5.19%.
  • Sales Volume rose from 16.20 million tonnes in FY23 to 17.02 million tonnes in FY24, indicating an increase of 5.06%.
  • Revenue from Operations witnessed a marginal increase from Rs 1,04,447 crore in FY23 to Rs 1,05,375 crore in FY24.
  • Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged from Rs 9,379 crore in FY23 to Rs 12,280 crore in FY24, reflecting a significant growth of 30.93%.
  • Profit Before Exceptional Items and Tax increased substantially from Rs 2,379 crore in FY23 to Rs 4,529 crore in FY24, indicating a robust growth of 90.17%.
  • Exceptional Items turned negative from Rs 258 crore in FY23 to -Rs. 841 crore in FY24.
  • Profit Before Tax (PBT) rose from Rs 2,637 crore in FY23 to Rs 3,688 crore in FY24, representing a growth of 39.87%.
  • Profit After Tax (PAT) increased from Rs 1,903 crore in FY23 to Rs 2,733 crore in FY24, showing a growth of 43.63%.

Q4FY24 Financial Highlights:

  • Crude Steel Production increased to 5.02 million tonnes in Q4FY24 from 4.95 million tonnes in Q4FY23.
  • Sales Volume also saw an increase, rising to 4.56 million tonnes in Q4FY24 compared to 4.68 million tonnes in Q4FY23.
  • Revenue from Operations for Q4FY24 amounted to Rs 27,958 crore, showing a slight decrease from Rs 29,131 crore in Q4FY23.
  • Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) in Q4FY24 increased to Rs 3,829 crore, up from Rs 3,401 crore in Q4FY23.
  • Profit Before Exceptional Items and Tax for Q4FY24 rose to Rs 1,831 crore, compared to Rs 1,520 crore in Q4FY23.
  • Exceptional Items in Q4FY24 amounted to -Rs. 502 crore, showing improvement from -Rs. 40 crore in Q4FY23.
  • Profit Before Tax (PBT) decreased to Rs 1,329 crore in Q4FY24 from Rs 1,480 crore in Q4FY23.
  • Profit After Tax (PAT) for Q4FY24 was Rs 1,011 crore, lower than Rs 1,049 crore in Q4FY23.

Commenting on the results. Chairman, SAIL said, "The Indian Steel Markets have remained quite robust showcasing continual growth in demand. SAIL has been taking various initiatives towards increasing volumes, adding value .added products to its product basket and improving efficiency levels which is reflected in the improved physical performance year on year. The Company will continue to work on improving its performance further to tap into the buoyancy in the growinv Indian Steel Market".

Result PDF

View Other Company Results

Steel Authority of India Ltd shares SWOT Analysis

Strengths (6)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (3)

  • Decline in Quarterly Net Profit (YoY)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 167.2
R2 172.0
R3 174.9
Pivot

164.38

S1 159.6
S2 156.7
S3 151.9
EMA SMA
163.7
153.9
140.5
124.1
164.3
151.4
138.1
115.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SANTOSH BHAJANKA Block Purchase 2023-03-28 81 2000000 BSE
SAJJAN BHAJANKA Block Sell 2023-03-28 81 2000000 BSE
TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED Bulk Purchase 2021-01-15 70.24 23836952 NSE
Name Category Shares
PRESIDENT OF INDIA PROMOTER 65%

OUR RESEARCH VIEW

Investment recommendation
Steady operational performance…
Call Date
16 Feb 2023
Entry Price 85.00
Target Price 90.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Steel Authority of India Ltd Stocks COMPARISON

Financials( in Cr) Steel Authority of India Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 163.70 909.00 174.40 1,041.55 3,769.75
% Change 0.80 0.18 -0.29 -1.05 -0.95
Mcap Cr 67,616.69 222,291.77 217,712.80 106,247.27 72,907.72
Revenue TTM Cr 104,447.72 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 2,176.53 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 18.13 26.35 88.76 18.08 110.69
1 Year Return 94.19 29.45 60.81 95.85 31.57
ROCE 5.25 8.60 12.10 14.17 33.06
ROE 3.57 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 54,746.67 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 109,317.46 -33,313.91
LAST 6M 173,877.04 36,325.60
LAST 12M 271,641.54 124,224.97

Steel Authority of India Ltd Information

Stock PE (TTM)
18.13
Promoter Holding
65%
Book Value
138.242
ROCE
5.25%
ROE
3.57%
Description
  • The Steel Authority of India, commonly known as SAIL, is one of the largest and fastest-growing steel-making companies in the country. It is a government-owned company headquartered in New Delhi, India. The company, incorporated in 1973, had reported a consolidated total income of Rs. 25,398.37 crore as of March 2021. This was lower than the preceding year by 5.96%. The company has a market capitalisation of 34944 crore as of May 18, 2022.

    The company is listed on the Bombay Stock Exchange (BSE) with the code 500113 and National Stock Exchange (NSE) with the code SAIL. 

    The company has five integrated steel plants in India—Bhilai Steel Plant in Chhattisgarh, Durgapur Steel Plant and IISCO Steel Plant in West Bengal, Rourkela Steel Plant in Odisha, and Bokaro Steel Plant in Jharkhand. It also has three special steel plants—Salem Steel Plant in Tamil Nadu, Alloy Steels Plant in West Bengal, and Visvesvaraya Iron & Steel Plant in Karnataka. SAIL manufacturers several steel products, including steel rods, pipes, bars, railways products, wheels, axles, stainless steel products, and more. It has Chandrapur Ferro Alloy Plant in Maharashtra and an Research & Development Centre for Iron & Steel (RDCIS) and the Centre for Engineering in Ranchi, Jharkhand.

    At present, the chairperson of the company is Ms Soma Mondal, Mr Harinand Rai and Mr Brijendra Pratap Singh are the directors, S Jaykishan is the auditor, and some other prominent names in the company are—Mr Anirban Dasgupta, Mr Amit Sen, Mr N Shankarappa, and Mr Krishan Kumar Gupta.

    As of May 19, 2022, SAIL share price (NSE and BSE) is trending at Rs. 80.20 per share. The last 52-week high for the Steel Authority of India share price was recorded at Rs. 145.90, and the 52-week lowest price was Rs. 78.85.

    The company has invested in four mutual funds—2.55%in Kotak Equity Savings Fund Direct Growth, 2.02% in PGIM India Midcap Opportunities Fund Direct Growth, 1.37% in Edelweiss Arbitrage Fund Direct Growth, and 1.29% in L&T Arbitrage Opportunities Fund Direct Growth.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

No Data Found

AGM Date (Month) : Oct
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500113
NSE Code : SAIL
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE114A01011

FAQ’s on Steel Authority of India Ltd Shares

You can buy Steel Authority of India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Steel Authority of India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 29, 2024 01:09 PM the closing price of Steel Authority of India Ltd was Rs.163.70.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 29, 2024 01:09 PM, the market cap of Steel Authority of India Ltd stood at Rs. 67,616.69.

The latest PE ratio of Steel Authority of India Ltd as of May 29, 2024 01:09 PM is 18.13

The latest PB ratio of Steel Authority of India Ltd as of May 29, 2024 01:09 PM is 0.85

The 52-week high of Steel Authority of India Ltd share price is Rs. 175.35 while the 52-week low is Rs. 81.80

According to analyst recommendations, Steel Authority of India Ltd Share has a "Buy" rating for the long term.

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