S.A.L. Steel Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SALSTEEL · price
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S.A.L. Steel Limited reported FY2026 results with total revenue of Rs. 207.58 crores, a significant jump from Rs. 54.48 crores in the previous year. Despite the revenue surge, the company recorded a net loss of Rs. 3.58 crores, though this is an improvement from the Rs. 6.43 crore loss in FY2025. The auditors issued an unmodified opinion with two emphasis of matter notes: (1) balance confirmations from suppliers and customers are pending, and (2) the company wrote back Rs. 16.09 crores of by-product stock as an exceptional item. Total assets nearly doubled to Rs. 621.47 crores, with equity capital increasing to Rs. 144.77 crores, while borrowings rose to Rs. 349.20 crores. The company also took a Rs. 50 crore term loan from Axis Finance to repay an ICD to AIA Engineering. Plant operations resumed after a modernization shutdown.
The stock shows improved financial performance with near-tripling of revenue and halved losses, but negative operating cash flow of Rs. 84.31 crores and high debt levels warrant caution. Shareholders should monitor the company's ability to convert revenue growth into positive cash flows.