Steel Authority of India
NSE: SAIL · Iron & Steel · sector
₹169.80NSE close 2026-10-26
Key numbers
Market cap₹70,136 cr
Price₹169.80
52w high / low₹210 / ₹124
P/E16.4xSector median 16.4x
P/B1.2xSector median 2.1x
Book value₹146.1
Dividend yield0.94%Sector median 0.39%
ROE7.2%Sector median 9.1%
ROCE8.0%Sector median 10.1%
OPM11.3%Sector median 12.4%
Debt / equity0.53xSector median 0.35x
EV/EBITDA8.1xSector median 8.1x
Interest cover3.6x
Current ratio0.82x
Sales growth 3y+2.0%Sector median +1.5%
Profit growth 3y+15.7%Sector median +15.7%
PEG1.04x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Iron & Steel (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹733 cr vs borrowings ₹31,928 cr (FY26): borrowings are higher by ₹31,195 cr.
- Operating profit covered interest 3.6x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 22% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹169.80 on 2026-10-26: -19.0% from the 52-week high, +36.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹205.85 · low ₹104.97
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24,675 | 24,490 | 29,316 | 25,922 | 26,704 | 27,371 | 30,813 | 26,246 |
| EBITDA | 2,913 | 2,058 | 3,454 | 2,769 | 2,190 | 2,294 | 4,079 | 4,009 |
| OPM % | 11.8% | 8.4% | 11.8% | 10.7% | 8.2% | 8.4% | 13.2% | 15.3% |
| Other income | 167 | 234 | 298 | 162 | 206 | 175 | 352 | 206 |
| Net profit | 882 | 142 | 1,251 | 745 | 419 | 374 | 1,835 | 1,644 |
| EPS (₹) | 2.17 | 0.34 | 3.03 | 1.80 | 1.01 | 0.91 | 4.44 | 3.98 |
| Revenue YoY | +8.2% | +11.8% | +5.1% | +1.2% | ||||
| Profit YoY | -52.5% | +163.6% | +46.7% | +120.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,03,477 | 1,04,448 | 1,05,378 | 1,02,479 | 1,10,811 | 1,11,135 |
| EBITDA | 20,988 | 8,297 | 10,308 | 10,334 | 11,332 | 12,572 |
| Net profit | 12,243 | 2,177 | 3,067 | 2,372 | 3,373 | 4,272 |
| EPS (₹) | 29.64 | 5.27 | 7.42 | 5.74 | 8.17 | 10.34 |
| Revenue growth | +0.9% | +0.9% | -2.8% | +8.1% | +6.5% | |
| Profit growth | -82.2% | +40.9% | -22.7% | +42.2% | +41.5% | |
| Dividend / share (₹) | 8.30 | 3.25 | 1.50 | 1.00 | 1.60 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.0% | +9.9% | +6.4% |
| Net profit | +15.7% | -4.1% | +41.5% |
| EPS | +15.7% | -4.0% | – |
| Share price | – | +15.8% (2y) | +30.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 54,747 | 57,101 | 58,906 | 60,356 |
| Borrowings | – | 25,662 | 36,323 | 36,934 | 31,928 |
| Cash & equivalents | – | 551 | 673 | 967 | 733 |
| Total assets | – | 1,30,481 | 1,40,709 | 1,36,371 | 1,35,896 |
| Fixed assets | – | 67,111 | 65,415 | 65,061 | 64,710 |
| Capital work in progress | – | 4,891 | 6,141 | 7,206 | 10,552 |
| Investments | – | 218 | 310 | 372 | 514 |
| Receivables | – | 5,390 | 8,355 | 7,610 | 6,507 |
| Inventory | – | 27,765 | 32,721 | 29,151 | 23,553 |
| Payables | – | 14,342 | 15,332 | 10,504 | 10,886 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 30,987 | -5,290 | 2,911 | 10,023 | 19,039 |
| Cash from investing | -3,976 | -3,371 | -4,261 | -5,377 | -7,899 |
| Cash from financing | -27,398 | 8,587 | 1,362 | -4,424 | -11,403 |
| Capex | 3,665 | 3,931 | 4,711 | 6,221 | 8,758 |
| Free cash flow | 27,321 | -9,221 | -1,800 | 3,802 | 10,281 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.0% | 5.4% | 4.0% | 5.6% |
| ROCE % | – | 5.3% | 6.5% | 5.8% | 6.8% |
| Debtor days | – | 19 | 29 | 27 | 21 |
| Inventory days | – | 178 | 220 | 209 | 156 |
| Payable days | – | 92 | 103 | 75 | 72 |
| Cash conversion cycle (days) | – | 105 | 146 | 161 | 105 |
| Working capital days | – | -40 | -19 | -15 | -25 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 65.00% |
| FIIs | 7.31% |
| DIIs | 16.49% |
| of which Mutual funds | 9.95% |
| of which Insurance | 6.34% |
| Public (non-institutions) | 11.20% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% |
| Promoter group | % |
|---|---|
| President of India | 65.00% |
| Public holders above 1% | % |
|---|---|
| Lici ASM NON PAR | 4.30% |
| Mirage Asset BSE 200 Equal Weight ETF | 3.16% |
14,55,881 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | ₹3,07,440 cr | 12.4x | 3.1x | 27.6% | 21.2% | 25.8% | +3.8% | 0.22% |
| TATASTEEL | ₹2,11,990 cr | 19.2x | 2.1x | 11.4% | 12.1% | 14.6% | -1.6% | 2.12% |
| JINDALSTEL | ₹1,05,841 cr | 38.9x | 2.1x | 5.5% | 7.4% | 15.0% | +0.3% | 0.20% |
| SAIL | ₹70,136 cr | 16.4x | 1.2x | 7.2% | 8.0% | 11.3% | +2.0% | 0.94% |
| JSL | ₹56,775 cr | 17.0x | 2.7x | 17.0% | 17.8% | 12.4% | +6.4% | 0.43% |
| SARDAEN | ₹15,738 cr | 13.9x | 2.1x | 16.6% | 17.6% | 32.4% | +10.6% | 0.34% |
| NSLNISP | ₹11,300 cr | 124.4x | 0.9x | 0.6% | 3.3% | 10.8% | – | – |
| SANDUMA | ₹7,632 cr | 10.7x | 2.3x | 24.4% | 25.5% | 22.9% | – | 0.27% |
| JAIBALAJI | ₹5,738 cr | 39.8x | 2.5x | 6.6% | 10.1% | 6.0% | -1.9% | – |
| PRAKASH | ₹1,979 cr | 6.3x | 0.6x | 9.1% | 9.4% | 15.1% | +0.3% | 1.36% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Bhilai Steel Plant | ₹31,873 cr | 26.5% | ₹2,832 cr | 8.9% |
| Bokaro Steel Plant | ₹27,407 cr | 22.8% | ₹1,415 cr | 5.2% |
| Rourkela Steel Plant | ₹25,859 cr | 21.5% | ₹1,609 cr | 6.2% |
| IISCO Steel Plant | ₹13,065 cr | 10.9% | ₹982 cr | 7.5% |
| Durgapur Steel Plant | ₹11,580 cr | 9.6% | ₹475 cr | 4.1% |
| Others | ₹6,965 cr | 5.8% | ₹280 cr | 4.0% |
| Salem Steel Plant | ₹2,023 cr | 1.7% | ₹-218 cr | -10.8% |
| Alloy Steel Plant | ₹1,235 cr | 1.0% | ₹-3 cr | -0.2% |
| Visvesaraya Iron & Steel Plant | ₹259 cr | 0.2% | ₹-41 cr | -15.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-30 | Dividend | Dividend - Rs 2.35 Per Share |
| 2025-09-08 | Dividend | Dividend - Rs 1.60 Per Share |
| 2024-09-19 | Other | Annual General Meeting |
| 2024-09-19 | Dividend | Dividend - Re 1 Per Share |
| 2024-02-20 | Dividend | Interim Dividend - Re 1 Per Share |
| 2023-09-20 | Dividend | Dividend - Re 0.50 Per Share |
| 2023-09-20 | Other | Annual General Meeting |
| 2023-03-24 | Dividend | Interim Dividend - Re 1 Per Share |
| 2022-09-20 | Other | Annual General Meeting |
| 2022-07-28 | Dividend | Dividend - Rs 2.25 Per Share |
| 2022-03-28 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2021-11-09 | Dividend | Interim Dividend - Rs 4 Per Sh |
| 2021-09-20 | Dividend | Dividend - Rs 1.80 Per Share |
| 2021-09-20 | Other | Annual General Meeting |
| 2021-02-04 | Dividend | Interim Dividend - Rs 1.00 Per Share |
| 2020-10-14 | Other | Annual General Meeting |
| 2019-08-22 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-08-16 | Other | Annual General Meeting |
| 2017-08-21 | Other | Annual General Meeting |
| 2016-08-19 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Iron and Steel: Manufacturing of Iron and Steel
| Sector | Commodities |
| Industry | Iron & Steel |
| Sub-industry | Iron & Steel |
| Symbol | SAIL |
| BSE code | 500113 |
| ISIN | INE114A01011 |
| Face value | ₹10.0 |
| Incorporated | 1973-01-24 |
| Website | https://sail.co.in |
| Plants (India / abroad) | 9 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.