Steel Authority of India Ltd
Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products.(Source : Company Web-Site)
- Market Cap ₹ 47,955 Cr.
- Current Price ₹ 116
- High / Low ₹ 176 / 108
- Stock P/E 15.2
- Book Value ₹ 139
- Dividend Yield 1.72 %
- ROCE 8.10 %
- ROE 6.44 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.83 times its book value
- Company has been maintaining a healthy dividend payout of 28.3%
Cons
- Company has a low return on equity of 11.3% over last 3 years.
- Contingent liabilities of Rs.42,242 Cr.
- Company might be capitalizing the interest cost
* 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.
Peer comparison
Sector: Steel Industry: Steel - Large
Part of Nifty Midcap150 Momentum 50 BSE Enhanced Value Index Nifty500 Multicap India Manufacturing 50:30:20 Nifty Total Market Nifty 500 Multicap 50:25:25
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
44,891 | 46,804 | 46,032 | 38,793 | 44,210 | 57,496 | 66,973 | 61,664 | 69,114 | 103,477 | 104,448 | 105,378 | 99,980 | |
39,982 | 42,646 | 41,217 | 41,628 | 44,094 | 52,788 | 57,167 | 51,400 | 56,337 | 82,114 | 96,410 | 94,229 | 89,222 | |
Operating Profit | 4,910 | 4,157 | 4,815 | -2,834 | 115 | 4,708 | 9,807 | 10,264 | 12,776 | 21,363 | 8,038 | 11,149 | 10,758 |
OPM % | 11% | 9% | 10% | -7% | 0% | 8% | 15% | 17% | 18% | 21% | 8% | 11% | 11% |
923 | 2,071 | 892 | 425 | 378 | 654 | 283 | 280 | 1,349 | 902 | 1,856 | 665 | 605 | |
Interest | 846 | 1,047 | 1,555 | 2,300 | 2,528 | 2,823 | 3,155 | 3,487 | 2,817 | 1,698 | 2,037 | 2,474 | 2,705 |
Depreciation | 1,527 | 1,836 | 1,907 | 2,404 | 2,682 | 3,066 | 3,385 | 3,756 | 4,103 | 4,275 | 4,964 | 5,278 | 5,383 |
Profit before tax | 3,460 | 3,346 | 2,245 | -7,114 | -4,716 | -527 | 3,549 | 3,302 | 7,206 | 16,292 | 2,892 | 4,062 | 3,275 |
Tax % | 33% | 21% | 14% | -41% | -42% | -47% | 34% | 36% | 42% | 25% | 25% | 24% | |
2,329 | 2,652 | 1,939 | -4,176 | -2,756 | -281 | 2,349 | 2,121 | 4,148 | 12,243 | 2,177 | 3,067 | 2,528 | |
EPS in Rs | 5.64 | 6.42 | 4.93 | -10.11 | -6.67 | -0.68 | 5.69 | 5.13 | 10.04 | 29.64 | 5.27 | 7.42 | 6.12 |
Dividend Payout % | 35% | 31% | 41% | 0% | 0% | 0% | 9% | 0% | 28% | 30% | 28% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 9% |
3 Years: | 15% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | -4% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 23% |
3 Years: | 1% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 |
Reserves | 37,514 | 39,154 | 39,641 | 36,021 | 32,912 | 32,816 | 35,516 | 37,380 | 41,276 | 50,081 | 50,616 | 52,971 | 53,458 |
22,539 | 26,020 | 32,146 | 35,141 | 41,396 | 45,409 | 45,170 | 54,127 | 37,677 | 17,284 | 30,773 | 36,323 | 41,265 | |
22,506 | 24,767 | 26,932 | 26,234 | 29,405 | 33,339 | 33,385 | 31,560 | 35,007 | 48,885 | 45,262 | 47,598 | 40,889 | |
Total Liabilities | 86,689 | 94,072 | 102,849 | 101,527 | 107,843 | 115,694 | 118,201 | 127,198 | 118,090 | 120,381 | 130,782 | 141,022 | 139,742 |
18,384 | 28,175 | 39,011 | 45,942 | 50,300 | 58,625 | 61,374 | 69,034 | 67,618 | 73,677 | 73,543 | 72,426 | 71,755 | |
CWIP | 36,161 | 33,958 | 29,328 | 24,927 | 23,275 | 18,395 | 16,014 | 8,753 | 8,881 | 4,710 | 4,891 | 6,141 | 6,443 |
Investments | 73 | 91 | 61 | 2,280 | 2,475 | 2,629 | 2,975 | 3,240 | 3,442 | 3,757 | 4,185 | 4,589 | 4,776 |
32,071 | 31,847 | 34,450 | 28,377 | 31,792 | 36,044 | 37,838 | 46,170 | 38,149 | 38,237 | 48,163 | 57,867 | 56,768 | |
Total Assets | 86,689 | 94,072 | 102,849 | 101,527 | 107,843 | 115,694 | 118,201 | 127,198 | 118,090 | 120,381 | 130,782 | 141,022 | 139,742 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,823 | 6,313 | 2,579 | 4,043 | 2,160 | 6,164 | 7,215 | -618 | 23,430 | 30,987 | -5,290 | 2,911 | |
-8,317 | -7,488 | -6,292 | -4,805 | -5,467 | -6,480 | -3,694 | -4,261 | -3,295 | -3,976 | -3,371 | -4,261 | |
3,009 | 1,017 | 3,775 | 743 | 3,302 | 269 | -3,549 | 5,003 | -19,808 | -27,398 | 8,587 | 1,362 | |
Net Cash Flow | -2,485 | -158 | 63 | -20 | -5 | -47 | -28 | 125 | 328 | -387 | -74 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 37 | 43 | 26 | 30 | 24 | 25 | 25 | 52 | 43 | 17 | 19 | 29 |
Inventory Days | 299 | 272 | 370 | 308 | 274 | 199 | 243 | 370 | 207 | 170 | 180 | 222 |
Days Payable | 63 | 56 | 77 | 82 | 90 | 87 | 89 | 97 | 107 | 143 | 92 | 103 |
Cash Conversion Cycle | 273 | 259 | 319 | 255 | 209 | 137 | 179 | 325 | 144 | 44 | 107 | 148 |
Working Capital Days | 76 | 50 | 48 | 10 | -8 | -10 | 7 | 75 | 16 | -19 | 29 | 55 |
ROCE % | 7% | 5% | 5% | -6% | -2% | 3% | 9% | 8% | 11% | 24% | 6% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Cessation
1 Dec - Shri Arvind Kumar Singh ceased as SAIL Board member.
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Announcement under Regulation 30 (LODR)-Cessation
18 Nov - Change in composition of SAIL Board.
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Announcement under Regulation 30 (LODR)-Cessation
16 Nov - Change in composition of SAIL Board.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Nov - Transcript of Q2 FY '25 earnings conference call.
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Announcement under Regulation 30 (LODR)-Cessation
12 Nov - Change in composition of SAIL Board.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptPPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Jun 2018TranscriptNotesPPT
Overview
The company is a state-owned steel producer, with the GOI holding a 65% majority stake as of June 2024. It holds Maharatna status and is one of India's largest steel producers. [1] [2]