Steel Authority of India Ltd’s fundamental analysis highlights key financial metrics: Market Cap of ₹54,242.06 crore, PE Ratio of 17.69, Debt to Equity of 56.21, and Return on Equity of 3.99%. These indicators reflect the company’s financial health and market valuation.
Steel Authority of India Ltd Overview
Steel Authority of India Ltd is an Indian company primarily engaged in steel manufacturing. It operates in the steel and metallurgy sector, producing and selling a wide range of iron and steel products.
The company is listed on both the NSE and BSE. With a market capitalization of ₹54,242.06 crore, it’s currently 33.53% away from its 52-week high and 60.54% away from its 52-week low.
Steel Authority of India Ltd Financial Results
Steel Authority of India Ltd’s financials for FY24 indicate a strong performance with a consolidated revenue of ₹1,05,378 crores, up slightly from ₹1,04,448 crores in FY23. Operating profit increased to ₹11,149 crores. The company’s balance sheet shows robust asset growth and consistent liability management.
- Revenue Trend: Sales grew marginally from ₹1,04,448 crores in FY23 to ₹1,05,378 crores in FY24, indicating a stable revenue flow.
- Equity and Liabilities: Total liabilities increased from ₹1,30,481 crores in FY23 to ₹1,40,709 crores in FY24, while equity capital remains stable at ₹4,131 crores.
- Profitability: Net profit rose to ₹3,067 crores in FY24 from ₹2,177 crores in FY23, demonstrating improved profitability despite higher expenses.
- Earnings per Share (EPS): EPS increased from ₹5.27 in FY23 to ₹7.42 in FY24, reflecting stronger returns for shareholders.
- Return on Net Worth (RoNW): With net profit growth, the RoNW reflects the company’s ability to generate better returns on equity.
- Financial Position: Total assets expanded from ₹1,30,481 crores in FY23 to ₹1,40,709 crores in FY24, with increased current and noncurrent assets, showing solid financial health.
Steel Authority of India Ltd Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Sales | 1,05,378 | 1,04,448 | 1,03,477 |
| Expenses | 94,229 | 96,408 | 82,135 |
| Operating Profit | 11,149 | 8,039 | 21,342 |
| OPM % | 10.47 | 7.63 | 20.45 |
| Other Income | 226.12 | 1,208 | 505.14 |
| EBITDA | 12,216 | 8,990 | 22,200 |
| Interest | 2,474 | 2,037 | 1,698 |
| Depreciation | 5,278 | 4,964 | 4,275 |
| Profit Before Tax | 3,623 | 2,247 | 15,874 |
| Tax % | 27.47 | 31.86 | 25.5 |
| Net Profit | 3,067 | 2,177 | 12,243 |
| EPS | 7.42 | 5.27 | 29.64 |
| Dividend Payout % | 26.95 | 28.46 | 29.52 |
* Consolidated Figures in Rs. Crores
Steel Authority of India Limited Company Metrics
Steel Authority of India Ltd’s company metrics include a market capitalization of ₹54,242.06 crore, a book value per share of ₹874, and a face value of ₹10. With a debt-to-equity ratio of 56.21, a return on equity of 3.99%, and a 0.76% dividend yield, these figures underscore the company’s financial position and investment profile.
Market Capitalization:
Market Capitalization represents the total market value of Steel Authority of India’s outstanding shares, amounting to ₹54,242.06 crore.
Book Value:
The book value per share of Steel Authority of India is ₹874, indicating the value of the company’s net assets divided by its outstanding shares.
Face Value:
The face value of Steel Authority of India’s shares is ₹10, which is the original cost of the shares as stated on the certificate.
Asset Turnover Ratio:
The asset turnover ratio of 0.85 measures how efficiently the Steel Authority of India uses its assets to generate revenue.
Total Debt:
The total debt of ₹30,773.43 crore represents the sum of all short-term and long-term debt obligations of the Steel Authority of India.
Return on Equity (ROE):
The ROE of 3.99% measures the Steel Authority of India’s profitability in generating income from its equity investments.
EBITDA (Q):
The quarterly EBITDA of ₹2,191.85 crore represents Steel Authority of India’s earnings before interest, taxes, depreciation, and amortization.
Dividend Yield:
The dividend yield of 0.76% shows the annual dividend payment as a percentage of Steel Authority of India’s current share price, indicating the return on investment from dividends alone.
Steel Authority of India Ltd Stock Performance
Steel Authority of India Ltd showed a return on investment of 33.8% over one year, 4.03% over three years, and 30.4% over five years. These figures highlight steady growth over time, though recent performance is stronger than the mid-term outlook.
| Period | Return on Investment (%) |
| 1 Year | 33.8 |
| 3 Years | 4.03 |
| 5 Years | 30.4 |
Example: If an investor had invested ₹1,000 in Steel Authority of India’s stock:
1 year ago, their investment would be worth ₹1,338.
3 years ago, their investment would have grown to ₹1,040.30.
5 years ago, their investment would have increased to ₹1,304.
Steel Authority of India Peer Comparison
Steel Authority of India Ltd (SAIL) has a market cap of ₹53,625.42 crore, a P/E of 13.85, and an ROE of 6.44%. Its 1-year return of 33.8% is higher than peers like Tata Steel (15.45%) but lower than Shyam Metalics (103.02%) and Jindal Stainless (53.76%).
| Name | CMP Rs. | Mar Cap Rs.Cr. | P/E | ROE % | EPS 12M Rs. | 1Yr return % | ROCE % | Div Yld % |
| JSW Steel | 956.7 | 234077.96 | 33.61 | 11.79 | 29.93 | 18.29 | 13.3 | 0.76 |
| Tata Steel | 150.6 | 188026.52 | 116.55 | 6.55 | -3.39 | 15.45 | 7.02 | 2.39 |
| Tube Investments | 4023 | 77811.63 | 90.97 | 26.48 | 62.57 | 20.23 | 26.28 | 0.09 |
| Jindal Stain. | 749.9 | 61749.36 | 24.45 | 19.88 | 31.76 | 53.76 | 22.23 | 0.4 |
| S A I L | 129.65 | 53625.42 | 13.85 | 6.44 | 7.11 | 33.8 | 8.1 | 1.54 |
| APL Apollo Tubes | 1437.4 | 39910.66 | 54.52 | 22.05 | 26.38 | -10.78 | 25.18 | 0.38 |
| Shyam Metalics | 890.55 | 24812.19 | 22.51 | 12.07 | 41.69 | 103.02 | 10.79 | 0.51 |
Steel Authority of India Shareholding Pattern
Steel Authority of India Ltd shows stable promoter holding at 65% from June to December 2023. FII holdings decreased from 4.34% in December 2023 to 3.01% by June 2024. DII holdings remained steady at around 15.72%, while retail and others saw a slight increase to 16.27%.
| All values in % | Jun-24 | Mar-24 | Dec-23 |
| Promoters | 65.00 | 65.00 | 65.00 |
| FII | 3.01 | 3.18 | 4.34 |
| DII | 15.72 | 15.86 | 15.46 |
| Retail & others | 16.27 | 15.96 | 15.20 |
Steel Authority of India Ltd History
Steel Authority of India Limited (SAIL) is a leading steel manufacturer in India, primarily engaged in the production and sale of iron and steel products. The company operates through five integrated steel plants and three alloy steel plants, strategically located across different states in India.
SAIL’s major steel plants include the Bhilai Steel Plant in Chhattisgarh, the Durgapur Steel Plant in West Bengal, the Rourkela Steel Plant in Odisha, the Bokaro Steel Plant in Jharkhand, and the IISCO Steel Plant in West Bengal. These facilities form the backbone of the company’s steel production capacity.
The company offers a diverse range of products, including blooms, billets, joists, channels, angles, wheels and axles, pig iron, and various steel products like cold rolled stainless steel, hot rolled carbon and stainless-steel products, and micro-alloyed carbon steel wire rods. This wide product portfolio caters to various industries and infrastructure development needs.
How To Invest In Steel Authority of India Share?
To invest in Steel Authority of India shares, open a demat account with Alice Blue. Research the company’s fundamentals, financial performance, and position in the steel industry. Analyze historical stock data and compare it with industry peers.
Determine your investment strategy based on your financial goals and risk tolerance. Consider factors such as steel demand, government infrastructure projects, and global steel prices. Decide on the investment amount and timing.
Place your order through the broker’s platform. Regularly monitor your investment, staying updated on company news, quarterly results, and steel industry trends. Consider seeking advice from a financial advisor for personalized guidance and to ensure your investment aligns with your overall portfolio strategy.
Steel Authority of India Fundamental Analysis FAQs
Steel Authority of India Ltd’s fundamental analysis reveals a Market Cap of ₹54,242.06 crore, PE Ratio of 17.69, Debt to Equity of 56.21, and Return on Equity of 3.99%. These metrics provide insights into the company’s financial health, profitability, and market valuation.
Steel Authority of India’s market capitalization is ₹54,242.06 crore. This figure represents the total value of the company’s outstanding shares in the stock market, calculated by multiplying the current stock price by the number of outstanding shares.
Steel Authority of India Limited (SAIL) is a state-owned steel-making company based in India. It is one of the largest steel producers in the country, operating multiple integrated steel plants and producing a wide range of steel products for various industries.
The Steel Authority of India is primarily owned by the Government of India, which holds a majority stake in the company. As a public sector undertaking, it is under the Ministry of Steel. The remaining shares are held by various institutional and individual investors.
The main shareholders of Steel Authority of India Ltd include the Government of India as the majority stakeholder, along with institutional investors and public shareholders. For the most current and accurate information on major shareholders, refer to the company’s latest shareholding pattern disclosure.
Steel Authority of India operates in the steel manufacturing industry. The company is engaged in the production and sale of various iron and steel products, catering to diverse sectors including construction, infrastructure, automotive, and manufacturing industries.
To invest in Steel Authority of India shares, open a demat account with Alice Blue. Research the company’s performance and steel industry trends. Decide on your investment strategy. Place your order through the broker’s platform. Regularly monitor your investment, staying informed about market conditions. Consider seeking financial advice for personalized guidance.
Determining if the Steel Authority of India is overvalued or undervalued requires analyzing its financials, growth prospects, industry position, and peer comparison. Consider factors like PE ratio, future earnings potential, and steel industry trends. Consult recent analyst reports for expert opinions on the company’s valuation.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
