Steel Authority of India Limited (IN:SAIL)
:SAIL
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Steel Authority of India Limited
(SAIL)
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Rating:73Outperform
Price Target:
₹207.00
▲(37.22% Upside)
Action:UpgradedDate:11/11/25
The overall stock score of 73 reflects a stable financial performance with strong cash flow management and a sound balance sheet. Technical analysis indicates strong bullish momentum, although caution is advised due to overbought signals. The valuation suggests the stock may be overvalued, which could limit upside potential.
Positive Factors
Operating cash generation
SAIL's operating cash flow materially exceeds reported net income (OCF/NI = 3.25), indicating persistent cash conversion strength. This durable cash generation supports capex funding, working capital needs, debt servicing and potential shareholder returns even through cyclical steel demand swings.
Negative Factors
Low profitability metrics
Relatively low net and operating margins signal limited ability to convert revenue into sustained earnings. In a capital-intensive, cyclical sector, persistently thin margins constrain internal reinvestment, reduce buffer against input cost shocks, and limit returns to equity holders over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
SAIL's operating cash flow materially exceeds reported net income (OCF/NI = 3.25), indicating persistent cash conversion strength. This durable cash generation supports capex funding, working capital needs, debt servicing and potential shareholder returns even through cyclical steel demand swings.
Read all positive factors
Steel Authority of India Limited (SAIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹760.64B
Dividend Yield1.21%
Average Volume (3M)1.55M
Price to Earnings (P/E)40.6
Beta (1Y)1.34
Revenue Growth8.10%
EPS Growth24.12%
CountryIN
Employees55,989
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)1.10
Shares Outstanding4,130,525,400
10 Day Avg. Volume2,713,368
30 Day Avg. Volume1,550,817
Financial Highlights & Ratios
PEG Ratio-0.90
Price to Book (P/B)0.82
Price to Sales (P/S)0.47
P/FCF Ratio32.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹160.00Price Target Upside6.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)11.03
Revenue Forecast (FY)₹1.19T
Steel Authority of India Limited Business Overview & Revenue Model
Company Description
Steel Authority of India Limited, a steel-making company, manufactures and sells iron and steel products in India and internationally. It offers rails, long rails, blooms, billets, slabs, channels, joists, angles, TMT rebars, wire rods, crane rail...
How the Company Makes Money
SAIL primarily makes money by producing and selling steel and steel products. Its core revenue stream is the sale of finished steel (and, where applicable, semi-finished steel) manufactured at its steel plants and sold to industrial customers and ...
Steel Authority of India Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06T | 1.02T | 1.05T | 1.04T | 1.03T | 683.45B |
| Gross Profit | 364.40B | 389.63B | 385.48B | 367.09B | 485.12B | 347.15B |
| EBITDA | 116.35B | 116.62B | 117.54B | 97.44B | 220.79B | 140.98B |
| Net Income | 25.56B | 23.72B | 30.67B | 21.77B | 122.43B | 41.48B |
Balance Sheet | ||||||
| Total Assets | 1.34T | 1.36T | 1.41T | 1.30T | 1.20T | 1.18T |
| Cash, Cash Equivalents and Short-Term Investments | 9.62B | 3.47B | 6.73B | 1.59B | 1.98B | 5.84B |
| Total Debt | 336.63B | 369.34B | 363.23B | 307.73B | 172.84B | 376.77B |
| Total Liabilities | 758.85B | 774.65B | 836.07B | 757.34B | 658.97B | 724.12B |
| Stockholders Equity | 582.78B | 589.06B | 571.01B | 547.47B | 542.12B | 454.06B |
Cash Flow | ||||||
| Free Cash Flow | 40.53B | 14.78B | -18.00B | -92.12B | 273.21B | 198.75B |
| Operating Cash Flow | 79.76B | 99.14B | 29.11B | -52.90B | 309.87B | 234.30B |
| Investing Cash Flow | -34.31B | -52.69B | -42.61B | -33.71B | -39.76B | -32.95B |
| Financing Cash Flow | -45.90B | -44.24B | 13.62B | 85.87B | -273.98B | -198.08B |
Steel Authority of India Limited Technical Analysis
Positive
150.85
Price Trends
157.59
Positive
148.67
Positive
139.63
Positive
Market Momentum
4.40
Negative
66.89
Neutral
90.72
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAIL, the sentiment is Positive. The current price of 150.85 is below the 20-day moving average (MA) of 158.00, below the 50-day MA of 157.59, and above the 200-day MA of 139.63, indicating a bullish trend. The MACD of 4.40 indicates Negative momentum. The RSI at 66.89 is Neutral, neither overbought nor oversold. The STOCH value of 90.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SAIL.
Steel Authority of India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹794.96B | 10.41 | ― | 4.05% | 18.56% | 6.55% | |
73 Outperform | ₹760.64B | 40.58 | ― | 1.21% | 8.10% | 24.12% | |
71 Outperform | ₹635.59B | 20.86 | ― | 0.38% | 8.42% | 21.74% | |
69 Neutral | ₹247.32B | 29.89 | ― | 0.77% | 19.39% | 6.50% | |
69 Neutral | ₹319.54B | 11.86 | ― | 0.61% | 12.88% | 30.89% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹1.30T | 140.76 | ― | 0.20% | 0.24% | -51.86% |
* Basic Materials Sector Average
IN:SAIL
Steel Authority of India Limited
185.75
71.88
63.12%
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Steel Authority of India Limited Corporate Events
SAIL Announces Cessation of Three Independent Directors After Tenure Ends
Apr 21, 2026
Steel Authority of India Limited has announced changes in its board composition with the cessation of three non-official independent directors upon completion of their one-year tenure on 20 April 2026. The departure of Dr. Gopal Singh Bhati, Dr. A...
SAIL Reshapes Board as Three Independent Directors Complete Tenure
Apr 21, 2026
Steel Authority of India Limited announced changes in its board composition with the cessation of three non-official independent directors. Dr. Gopal Singh Bhati, Dr. Anju Bajpai and Shri Manjeet Kumar Razdan completed their one-year tenures and c...
SAIL Announces Cessation of Three Independent Directors After Completion of Tenure
Apr 21, 2026
Steel Authority of India Limited has announced changes to its board composition following the completion of the one-year tenure of three non-official independent directors. Dr. Gopal Singh Bhati, Dr. Anju Bajpai, and Manjeet Kumar Razdan ceased to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.