NSE:SALSTEEL

S.A.L. STEEL LTD.

₹76.39
at close · 28 Oct 2026
▲ 1.40 (+1.87%)

Latest filings

  1. Newspaper ad on postal ballot notice dispatch filed with BSE and NSE · Compliance
  2. Postal ballot seeks member approval for related party transactions · Board & Shareholder Meetings
  3. Board okays postal ballot for material related party transactions · Board & Shareholder Meetings
All filings ↓
Ask Nexa about S.A.L. STEEL LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures steel at a plant in Bharapar, Gujarat, with operations centred on a pellet facility and a furnace that was recently upgraded. FY26 revenue stood at ₹207.4 crore against ₹198.89 crore in raw materials cost, and the plant resumed production after a modernisation shutdown. A ₹20 crore outlay from a ₹48.26 crore preferential warrant issue was allocated to the pellet plant and ₹10 crore to furnace refurbishment, with the balance going to plant infrastructure, working capital and general corporate use. A fresh ₹50 crore term loan from Axis Finance was raised to retire an inter-corporate deposit owed to AIA Engineering. Total assets reached ₹621.47 crore, capex was ₹174.83 crore, and net result for the year was a small loss of ₹0.35 crore.

Operating scale
Plant location
Bharapar, GujaratFY26
Pellet plant outlay
₹20 croreFY26
Furnace refurbishment outlay
₹10 croreFY26
Total assets
₹621.47 croreFY26
Capex
₹174.83 croreFY26
Funds raised via warrants
₹48.26 croreFeb 2026
Who pays it
Not specified in the facts
Biggest cost
Raw materials at ₹198.89 crore, 95.9% of FY26 revenue
Kind of business
Cyclical, asset-heavy steel manufacturer undergoing capacity expansion
Where it sits
Small-scale steel maker with single Gujarat plant, recently restarted after modernisation
Market Cap
₹1,106 Cr
P / E (TTM)
60.6×
EV / EBITDA
29.3×
Div Yield
—
Growth
-7.2%▼
Revenue 5y CAGR
PAT — · EBITDA +7.3%
Quality
7.1%·
ROCE (5y median)
ROE 1.1% (5y median) · margin 14.8%
Leverage
2.38·
Debt / Equity · high
Net debt ₹349 Cr
Revenue FY21→FY26
0.7×▼
Margin −4.0 pts
₹301 Cr → ₹207 Cr
Cash conversion
-5.47×▼
Operating cash ÷ profit · 5 yrs
₹-48 Cr on ₹9 Cr
Moves on a normal day
2.00%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves

Scorecard

Measured from the filed financials · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Revenue shrinking over 5 years (−7% a year)
Erratic profits — up in only 1 of the last 5 years
Returns on capital 7.1% (5-year median)
down from 7.4% in FY21
Carries more debt than its peers — 2.38× equity
Over 5 years it reported ₹8.78 Cr of profit and an operating cash outflow of ₹48 Cr — -5.47×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 370 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

SALSTEEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from S.A.L. STEEL LTD.'s filed financials and exchange disclosures

What does S.A.L. STEEL LTD. do?

S.A.L. STEEL LTD. is listed on NSE and BSE, trading under the symbol SALSTEEL.

Is S.A.L. STEEL LTD. profitable?

Yes. Over the trailing twelve months S.A.L. STEEL LTD. reported a net profit of ₹12 Cr on revenue of ₹167 Cr.

Does S.A.L. STEEL LTD. pay a dividend?

Not in the latest reported year — S.A.L. STEEL LTD.'s dividend payout for FY26 was nil.

Is S.A.L. STEEL LTD. debt-free?

No. It reported borrowings of ₹349 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹349 Cr after cash. Debt stands at 2.38× equity.

How much does the S.A.L. STEEL LTD. share price move in a day?

On a typical session S.A.L. STEEL LTD. moves 2.00% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track S.A.L. STEEL LTD.'s announcements?

Every NSE and BSE filing by S.A.L. STEEL LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.