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NSE:SAIL

STEEL AUTHORITY OF INDIA

Metals & Mining › Ferrous Metals·NIFTY 200NIFTY 500NIFTY LARGEMIDCAP 250NIFTY MIDCAP 100+7
₹162.00
at close · 28 Oct 2026
▼ 9.20 (-5.37%)
ThemesDefence· growingGreen Hydrogen· announced

Latest filings

  1. SAIL publishes profiles of two Government nominee directors · Management Changes
  2. SAIL posts audio recording of analyst and investor call · Investor Communications
  3. SAIL company-only September quarter revenue Rs 31,998 crore, profit Rs 1,774 crore · Compliance
All filings ↓
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Snapshot

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

AI · written from filings

Steel Authority of India operates an integrated steel manufacturing business across multiple domestic steel plants — Bhilai, Bokaro, Rourkela, IISCO, Durgapur, Salem, Alloy Steel Plant and Visvesaraya Iron & Steel Plant. The five integrated plants contribute the bulk of segment revenue, with Bhilai at 26.5%, Bokaro at 22.8%, Rourkela at 21.5%, IISCO at 10.9% and Durgapur at 9.6% of FY26 segment revenue. Revenue is earned primarily from selling finished steel products; the company also sells iron-ore externally, with a 32 MT subgrade fines inventory available for auction. Raw materials — chiefly coking coal and iron ore — are the biggest input cost at 40.1% of FY26 revenue, followed by employee costs at 10.3% and other opex at 29.2%. The company is exploring a stainless steel slab joint venture with Indonesia's Krakatau Steel and has capex planned for expansion at IISCO, Bhilai and Bokaro plants. At Q1 FY27, debt was INR21,729 cr with debt-to-equity of 0.36.

Revenue mix · reported segments
Bhilai Steel Plant26.5%
Bokaro Steel Plant22.8%
Rourkela Steel Plant21.5%
IISCO Steel Plant10.9%
Durgapur Steel Plant9.6%
Others5.8%
Operating scale
FY26 sales volume
19.9 mn tons (+11% YoY)FY26
FY26 crude steel production
19.434 MTFY26
FY27 sales volume target
22 mn tonsFY27
Installed crude steel capacity
21 mn tons; stretch 22.5 MT via debottlenecking
Iron-ore sales Q1 FY27
1.1 MT (vs 0.31 MT YoY)Q1 FY27
FY27 capex
INR15,000 crFY27
Who pays it
Domestic steel consumers; significant sales to government agencies recognised at provisional prices (Rs 18,766 cr cumulative flagged by auditor)
Biggest cost
Raw materials — chiefly coking coal and iron ore — at 40.1% of FY26 revenue
Kind of business
Cyclical, asset-heavy integrated steel manufacturing
Where it sits
India-based public-sector integrated steel producer with multiple steel plants across the country
Market Cap
₹66,915 Cr
P / E (TTM)
15.7×
EV / EBITDA
7.3×
Div Yield
0.99%
Growth
9.9%▲
Revenue 5y CAGR
PAT -4.1% · EBITDA -2.2%
Quality
6.8%·
ROCE (5y median)
ROE 5.4% (5y median) · margin 11.0%
Leverage
0.53·
Debt / Equity · moderate
Net debt ₹31,899 Cr
Revenue FY21→FY26
1.6×▲
Margin −3.0 pts
₹69,114 Cr → ₹1.11 L Cr
Cash conversion
2.48×▲
Operating cash ÷ profit · 5 yrs
₹57,670 Cr on ₹23,231 Cr
Moves on a normal day
1.17%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 10 Iron & Steel peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/11
P/B#5/11
ROCE#10/11
ROE#9/11
Debt / Equity#8/11
EBITDA margin#5/11
Revenue growth#8/11
Profit growth#1/11

Scorecard

Measured from the filed financials, judged against its Iron & Steel peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹23,231 Cr of profit and ₹57,670 Cr of operating cash — 2.48×
Profit is converting into cash
Concerns
Profit shrinking over 5 years (−4% a year)
Returns on capital 6.8% (5-year median)
#10 of 11 in Iron & Steel on the latest reported figures · down from 13.1% in FY21

Charts

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

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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 STEEL AUTHORITY OF INDIA's filed financials and exchange disclosures

What does STEEL AUTHORITY OF INDIA do?

STEEL AUTHORITY OF INDIA is a Ferrous Metals company listed on NSE and BSE, trading under the symbol SAIL.

Is STEEL AUTHORITY OF INDIA profitable?

Yes. Over the trailing twelve months STEEL AUTHORITY OF INDIA reported a net profit of ₹4,272 Cr on revenue of ₹1.11 L Cr.

Does STEEL AUTHORITY OF INDIA pay a dividend?

Yes. The dividend yield is 0.99% at the current price. It paid out 20% of its profit as dividend in FY26.

Is STEEL AUTHORITY OF INDIA debt-free?

No. It reported borrowings of ₹31,928 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹31,899 Cr after cash. Debt stands at 0.53× equity. That is higher than 70% of its 11 Iron & Steel peers.

Is STEEL AUTHORITY OF INDIA expensive compared with its peers?

On trailing P/E, STEEL AUTHORITY OF INDIA ranks 7 of 11 in Iron & Steel — cheaper than 40% of them, against an industry median of 14.2×. This is a position, not a valuation judgement.

How much does the STEEL AUTHORITY OF INDIA share price move in a day?

On a typical session STEEL AUTHORITY OF INDIA moves 1.17% — 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 STEEL AUTHORITY OF INDIA's announcements?

Every NSE and BSE filing by STEEL AUTHORITY OF INDIA 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.