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S.A.L. Steel Ltd.
(SALSTEEL)
S.A.L. Steel Ltd. (SALSTEEL) vs. iShares MSCI India ETF (INDA)
S.A.L. Steel Ltd. Business Overview & Revenue Model
S.A.L. Steel Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.61B | 5.44B | 5.77B | 4.96B | 5.05B | 3.01B |
| Gross Profit | 728.70M | 879.10M | 1.15B | 974.95M | 969.40M | 816.68M |
| EBITDA | 86.30M | 199.30M | 229.94M | 228.76M | 255.89M | 216.73M |
| Net Income | -162.70M | -64.30M | 4.70M | 35.46M | 115.43M | 115.54M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.38B | 2.84B | 2.77B | 2.91B | 2.95B |
| Cash, Cash Equivalents and Short-Term Investments | 1.90M | 5.10M | 2.07M | 9.00M | 9.87M | 8.72M |
| Total Debt | 0.00 | 1.78B | 1.25B | 1.25B | 1.24B | 1.46B |
| Total Liabilities | -387.30M | 3.00B | 2.43B | 2.36B | 2.54B | 2.70B |
| Stockholders Equity | 387.30M | 387.30M | 409.77M | 405.35M | 371.36M | 257.20M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -393.00M | 125.86M | 61.71M | 222.40M | 226.08M |
| Operating Cash Flow | 0.00 | -206.80M | 262.21M | 83.56M | 223.54M | 235.00M |
| Investing Cash Flow | 0.00 | -182.00M | -134.59M | -21.21M | 800.00K | -8.34M |
| Financing Cash Flow | 0.00 | 388.60M | -127.29M | -69.72M | -221.18M | -219.57M |
S.A.L. Steel Ltd. Technical Analysis
S.A.L. Steel Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹1.61B | 21.54 | ― | ― | 29.24% | 75.16% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹3.48B | -27.10 | ― | ― | 0.19% | -2962.74% | |
53 Neutral | ₹1.92B | 57.27 | ― | ― | 119.41% | -35.45% | |
52 Neutral | ₹1.39B | 103.42 | ― | ― | -76.23% | ― | |
49 Neutral | ₹1.29B | -17.24 | ― | ― | -41.73% | -37.19% |
S.A.L. Steel Ltd. Corporate Events
S.A.L. Steel Ltd. has disclosed that Sree Metaliks Limited has acquired 4.8 million equity shares in the company through the conversion of an equal number of warrants, increasing Sree Metaliks’ holding to 3.32% of S.A.L. Steel’s expanded share capital. The transaction, reported under SEBI’s takeover and insider trading regulations, signals a further capital infusion and stake consolidation by the acquirer, potentially strengthening S.A.L. Steel’s shareholder base and reflecting continuing investor interest in the company.
S.A.L. Steel Ltd. has completed a change in control, with Sree Metaliks Ltd. acquiring a significant stake through a share purchase agreement and open offer, leading to its reclassification from public shareholder to promoter and granting it sole control over the company’s management and affairs. In parallel, the board approved the conversion and allotment of 48,00,000 warrants into equity shares at ₹25 per share to Sree Metaliks, increasing S.A.L. Steel’s paid-up equity capital to ₹109.02 crore and leaving 3,57,50,000 warrants outstanding for potential future conversion, which could further strengthen the company’s capital base and deepen promoter holding.
S.A.L. Steel Ltd. has completed a change in control, with Sree Metaliks Ltd. acquiring a majority stake through a share purchase agreement, an open offer, and the transfer of equity shares and warrants from existing shareholders Shah Alloys Ltd. and SAL Care Pvt. Ltd. As a result, Sree Metaliks has been reclassified from public shareholder to promoter and now holds sole control over the company’s management, signalling a strategic shift in ownership and governance that may influence future operational and integration plans. In tandem, the board approved the conversion and allotment of 48,00,000 warrants into an equal number of equity shares to Sree Metaliks at an issue price of ₹25 per share, increasing S.A.L. Steel’s paid-up equity capital to ₹109.02 crore and further consolidating the new promoter’s stake, while leaving 3,57,50,000 warrants still available for future conversion and additional capital infusion.
S.A.L. Steel Ltd. has announced a change in its promoter group following the completion of a share purchase agreement and an open offer under SEBI takeover regulations. Sree Metaliks Ltd. has acquired control of the company through the transfer of over 2.34 crore equity shares and 48 lakh warrants from existing promoters Shah Alloys Ltd. and SAL Care Pvt. Ltd., in addition to shares tendered in the open offer, leading to its reclassification from public shareholder to promoter. As a result, SAL Care Pvt. Ltd., which now holds no equity in S.A.L. Steel, has ceased to be a promoter, with the company confirming that all regulatory conditions for this reclassification under SEBI’s listing rules have been met, marking a significant shift in ownership and management control for stakeholders to monitor.
S.A.L. Steel Ltd. has disclosed that its promoter entity, SAL Care Private Limited, has disposed of 12.09% of the company’s total diluted paid-up share capital, comprising 12,702,506 equity shares and 4,800,000 warrants, via an off-market transaction to Sree Metaliks Limited under a share purchase agreement dated 4 September 2025, executed on 26 December 2025. Following this transaction, SAL Care Private Limited no longer holds any equity shares in S.A.L. Steel Ltd. and is set to be reclassified from promoter to public shareholder, signaling a significant change in the company’s shareholding pattern and promoter structure with potential implications for control and governance dynamics.
S.A.L. Steel Ltd. has disclosed that Sree Metaliks Limited has agreed to acquire a significant stake in the company, comprising 2,34,59,495 equity shares and 48,00,000 warrants, together representing 19.52% of the company’s expanded share capital under a share purchase agreement dated 4 September 2025. The transaction, notified under India’s takeover and insider trading regulations, signals a notable strategic investment in S.A.L. Steel, potentially reshaping its shareholder profile and influencing future governance and strategic direction, with implications for existing investors as the acquirer emerges as a substantial stakeholder.
S.A.L. Steel Ltd. has announced a pre-offer advertisement for an open offer by Sree Metaliks Limited to acquire 26% of its expanded share capital at Rs. 25 per share. The Independent Directors Committee has deemed the offer price fair and reasonable, though it is below the current market price. The acquisition aims to enhance operational efficiencies and position Sree Metaliks as a promoter of S.A.L. Steel Ltd.
S.A.L. Steel Ltd. announced the publication of its un-audited standalone financial results for the quarter ending September 30, 2025. These results were published in major newspapers, ‘The Indian Express’ and ‘Financial Express’, in compliance with regulatory requirements, indicating the company’s commitment to transparency and stakeholder communication.
S.A.L. Steel Ltd. announced a preferential allotment of 1,92,50,000 equity shares and 3,57,50,000 warrants to Sree Metaliks Limited, as disclosed under the SEBI (Prohibition of Insider Trading) Regulations, 2015. This strategic move, approved by the Board of Directors, could potentially enhance the company’s capital structure and market positioning, impacting stakeholders positively by expanding its equity base.
S.A.L. Steel Ltd. has announced a significant acquisition of shares by Sree Metaliks Limited, which involves the acquisition of 1,92,50,000 equity shares and 3,57,50,000 warrants. This acquisition represents a substantial 39.30% of the expanded share capital and 37.99% of the fully diluted share capital of S.A.L. Steel Ltd. This move is expected to have a notable impact on the company’s ownership structure and could influence its strategic direction and market positioning.