SAIL

₹156.9 3.7 | 2.4%

WEBSITE BSE:500113 NSE : STEEL AUTH. 10 May, 16:01

Market Cap ₹64787 Cr.

Stock P/E 20.9

P/B 1.2

Current Price ₹156.9

Book Value ₹ 136.3

Face Value 10

52W High ₹170.9

Dividend Yield 0.96%

52W Low ₹ 80.5

Edit Ratio

SAIL Research see more...

Overview Inc. Year: 1973Industry: Steel & Iron Products

Steel Authority of India Limited is an India-based company, that's engaged normally in steel manufacturing business in the country. The Company's segments include Bokaro Steel Plant, IISCO Steel Plant, AlloySteels Plant, Salem Steel Plant, Visvesvaraya Iron & Steel Plant,Bhilai Steel Plant, Durgapur Steel Plant, Rourkela Steel Plant, and Others. It manufactures and sells a variety of steel products, which includes pig iron, cold rolled merchandise, pipes, semis, structurals, TMT, galvanised merchandise, bars, rods, rebars, plates, railway merchandise, wheels and axles, hot rolled merchandise, stainless steel products, electric steels, SAIL SeQR TMT Bars and SAIL Nex. It produces iron and metal at approximately five plants and about 3 unique metallic plant, placed principally in the eastern and important regions of India. The Company's subsidiaries are SAIL Refractory Company Ltd and Chhattisgarh Mega Steel Ltd.

SAIL Share Price

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Peer Comparison

SAIL Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	26828	25247	30759	24029	26246	25042	29131	24359	29712	23349
Other Income	179	151	416	171	396	98	286	464	146	144
Total Income	27007	25398	31175	24200	26642	25140	29416	24823	29858	23492
Total Expenditure	19794	21845	26421	21727	25511	22964	26207	22710	25837	21206
Operating Profit	7213	3553	4754	2472	1131	2177	3210	2113	4021	2286
Interest	439	316	440	374	506	640	517	613	605	614
Depreciation	1056	1049	1144	1194	1183	1221	1365	1275	1327	1321
Exceptional Income / Expenses	0	-364	11	0	0	298	-40	0	-415	76
Profit Before Tax	5718	1825	3180	904	-559	613	1288	225	1675	428
Provision for Tax	1456	477	800	243	-113	184	403	76	464	140
Profit After Tax	4262	1347	2380	661	-446	430	885	149	1211	288
Adjustments	77	181	98	143	116	112	274	63	95	135
Profit After Adjustments	4339	1529	2479	805	-329	542	1159	212	1306	423
Adjusted Earnings Per Share	10.5	3.7	6	1.9	-0.8	1.3	2.8	0.5	3.2	1

SAIL Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	44975	46938	46103	39098	44502	57560	66974	61664	69114	103477	104448	106551
Other Income	1063	977	1004	529	449	415	495	906	861	859	950	1040
Total Income	46037	47915	47107	39628	44951	57975	67468	62570	69974	104335	105398	107589
Total Expenditure	39975	42742	41400	42001	44435	52924	57212	51448	56375	82135	96408	95960
Operating Profit	6062	5172	5707	-2373	517	5051	10256	11122	13599	22200	8990	11630
Interest	846	1047	1555	2300	2528	2823	3155	3487	2817	1698	2037	2349
Depreciation	1527	1836	1907	2404	2682	3066	3385	3756	4103	4275	4964	5288
Exceptional Income / Expenses	-229	1056	0	0	-217	26	-389	-772	58	-353	258	-379
Profit Before Tax	3460	3346	2245	-7114	-4716	-527	3549	3302	7206	16292	2892	3616
Provision for Tax	1131	693	306	-2938	-1960	-245	1201	1181	3058	4048	716	1083
Profit After Tax	2329	2652	1939	-4177	-2756	-281	2349	2121	4148	12243	2177	2533
Adjustments	0	-0	96	0	0	0	0	0	0	0	0	567
Profit After Adjustments	2329	2652	2035	-4177	-2756	-281	2349	2121	4148	12243	2177	3100
Adjusted Earnings Per Share	5.6	6.4	4.9	-10.1	-6.7	-0.7	5.7	5.1	10	29.6	5.3	7.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	1%	19%	13%	9%
Operating Profit CAGR	-60%	-7%	12%	4%
PAT CAGR	-82%	1%	0%	-1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	87%	2%	24%	9%
ROE Average	4%	13%	10%	4%
ROCE Average	6%	14%	11%	6%

SAIL Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	41644	43285	43771	40151	37042	36947	39646	41510	45406	54212	54747
Minority's Interest	0	0	-317	0	0	0	0	0	0	0	0
Borrowings	14155	14133	15715	17496	19087	29777	30803	34560	19726	11742	10850
Other Non-Current Liabilities	7509	7683	8183	3296	1272	1137	3020	3870	7616	14812	15550
Total Current Liabilities	23196	28768	35281	38689	46365	43432	41617	45036	45249	39362	49457
Total Liabilities	86504	93869	102634	99632	103766	111293	115086	124977	117998	120128	130604
Fixed Assets	18384	28175	39011	45942	50299	58625	61373	69033	67617	73676	73542
Other Non-Current Assets	39683	38253	34462	29401	27779	22905	21319	14747	19445	17593	18944
Total Current Assets	28438	27440	29159	24269	25676	29763	32382	41169	30919	28844	38088
Total Assets	86504	93869	102634	99632	103766	111293	115086	124977	117998	120128	130604

SAIL Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6662	452	293	165	145	141	94	66	191	518	132
Cash Flow from Operating Activities	2823	6313	2579	4043	2160	6164	7215	-618	23430	30987	-5290
Cash Flow from Investing Activities	-8317	-7489	-6292	-4805	-5467	-6480	-3694	-4261	-3295	-3976	-3371
Cash Flow from Financing Activities	3009	1017	3775	743	3302	269	-3549	5003	-19808	-27398	8587
Net Cash Inflow / Outflow	-2485	-158	63	-20	-5	-47	-28	125	328	-387	-74
Closing Cash & Cash Equivalent	4177	293	356	145	141	94	66	191	518	132	57

SAIL Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.64	6.42	4.93	-10.11	-6.67	-0.68	5.69	5.13	10.04	29.64	5.27
CEPS(Rs)	9.33	10.87	9.31	-4.29	-0.18	6.74	13.88	14.23	19.98	39.99	17.29
DPS(Rs)	2	2	2	0	0	0	0.5	0	2.8	8.75	1.5
Book NAV/Share(Rs)	100.81	104.78	105.89	97.21	89.68	89.45	95.98	100.5	109.93	131.25	132.54
Core EBITDA Margin(%)	9.91	7.96	9.11	-6.61	0.13	7.86	14.58	16.57	18.43	20.62	7.7
EBIT Margin(%)	8.54	8.33	7.36	-10.96	-4.39	3.89	10.01	11.01	14.5	17.39	4.72
Pre Tax Margin(%)	6.86	6.35	4.35	-16.19	-9.46	-0.89	5.3	5.35	10.43	15.74	2.77
PAT Margin (%)	4.62	5.03	3.76	-9.51	-5.53	-0.48	3.51	3.44	6	11.83	2.08
Cash Profit Margin (%)	7.65	8.51	7.45	-4.03	-0.15	4.72	8.56	9.53	11.94	15.96	6.84
ROA(%)	2.82	2.94	1.97	-4.13	-2.71	-0.26	2.08	1.77	3.41	10.28	1.74
ROE(%)	5.69	6.25	4.46	-9.96	-7.14	-0.76	6.13	5.23	9.55	24.58	4
ROCE(%)	7.07	6.58	5.23	-6.37	-2.85	2.86	8.02	7.52	11.22	23.28	6.28
Receivable days	34.01	34.76	30.9	26.59	22.29	21.06	22.8	39.49	44.92	22.82	17.75
Inventory Days	108.75	109.12	118.04	136.02	111.5	101.39	99.56	128.29	103.43	61.56	82.7
Payable days	61.91	58.03	71.1	80.27	78.92	83.44	90.69	103.91	95.37	105.87	99.27
PER(x)	11.06	11.12	13.87	0	0	0	9.44	4.49	7.85	3.32	15.75
Price/Book(x)	0.62	0.68	0.65	0.44	0.68	0.78	0.56	0.23	0.72	0.75	0.63
Dividend Yield(%)	3.21	2.8	2.93	0	0	0	0.93	0	3.55	8.88	1.81
EV/Net Sales(x)	0.98	1.12	1.25	1.34	1.49	1.29	1	1.02	1	0.55	0.62
EV/Core EBITDA(x)	7.28	10.12	10.12	-22.14	128.34	14.66	6.54	5.68	5.11	2.58	7.17
Net Sales Growth(%)	-3.62	4.37	-1.78	-15.19	13.82	29.34	16.35	-7.93	12.08	49.72	0.94
EBIT Growth(%)	-28.94	2.01	-13.5	-226.68	54.55	204.95	191.98	1.26	47.65	79.49	-72.6
PAT Growth(%)	-35.18	13.88	-26.9	-315.41	34.01	89.79	934.65	-9.71	95.6	195.16	-82.22
EPS Growth(%)	-35.19	13.87	-23.26	-305.2	34.01	89.79	934.61	-9.71	95.6	195.16	-82.22
Debt/Equity(x)	0.54	0.6	0.74	0.88	1.12	1.23	1.14	1.3	0.83	0.32	0.56
Current Ratio(x)	1.23	0.95	0.83	0.63	0.55	0.69	0.78	0.91	0.68	0.73	0.77
Quick Ratio(x)	0.53	0.42	0.32	0.25	0.21	0.29	0.31	0.38	0.34	0.24	0.21
Interest Cover(x)	5.09	4.2	2.44	-2.09	-0.87	0.81	2.12	1.95	3.56	10.6	2.42
Total Debt/Mcap(x)	0.88	0.88	1.14	1.98	1.64	1.57	2.04	5.69	1.16	0.42	0.9

SAIL Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65	65	65	65	65	65	65	65	65	65
FII	4.41	4.58	4.22	4.31	4.34	4.69	3.82	3.68	4.34	3.18
DII	10.58	10.24	8.88	9.39	10.72	12.4	13.63	14.61	15.46	15.86
Public	20.01	20.18	21.91	21.3	19.94	17.91	17.55	16.71	15.2	15.96
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	268.47	268.47	268.47	268.47	268.47	268.47	268.47	268.47	268.47	268.47
FII	18.23	18.92	17.42	17.82	17.91	19.37	15.78	15.22	17.93	13.13
DII	43.7	42.29	36.66	38.78	44.28	51.2	56.29	60.35	63.86	65.5
Public	82.64	83.36	90.49	87.96	82.37	74	72.5	69.01	62.78	65.94
Others	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Total	413.05	413.05	413.05	413.05	413.05	413.05	413.05	413.05	413.05	413.05

Pros

Debtor days have improved from 105.87 to 99.27days.
Company has reduced debt.

Cons

Company has a low return on equity of 13% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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SAIL

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SAIL Research see more...

Overview Inc. Year: 1973Industry: Steel & Iron Products

SAIL Share Price

Alert Data

Quarterly Price

Peer Comparison

SAIL Quarterly Results

SAIL Profit & Loss

Growth Rates

SAIL Balance Sheet

SAIL Cash Flow

SAIL Ratios

SAIL Shareholding Pattern

SAIL News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

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