S.A.L. Steel Ltd. (IN:SALSTEEL)
:SALSTEEL
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S.A.L. Steel Ltd.
(SALSTEEL)
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Rating:51Neutral
Price Target:
₹54.00
▲(20.81% Upside)
Action:ReiteratedDate:04/16/26
The score is primarily held down by weak financial performance: net losses, declining revenue/margins, high leverage, and negative free cash flow. Technicals provide some support with price strength above moving averages and a positive MACD, but overbought RSI/Stoch increases near-term downside risk. Valuation is only moderately supportive with a mid-range P/E and no dividend yield data.
Positive Factors
Essential Product Exposure
Supplying ferro alloys and related steel products to industrial and infrastructure customers provides a durable revenue base. These inputs are essential for steelmaking, so demand from industrial users offers a structural floor to volumes and long-run commercial relevance for the company's manufacturing platform.
Negative Factors
High Leverage
A debt-to-equity ratio near 4.6 implies substantial leverage that erodes financial flexibility. High interest and principal demands limit capital available for maintenance, modernization or working capital, increasing default risk and constraining strategic options during industry slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Essential Product Exposure
Supplying ferro alloys and related steel products to industrial and infrastructure customers provides a durable revenue base. These inputs are essential for steelmaking, so demand from industrial users offers a structural floor to volumes and long-run commercial relevance for the company's manufacturing platform.
Read all positive factors
S.A.L. Steel Ltd. (SALSTEEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.13B
Dividend YieldN/A
Average Volume (3M)154.57K
Price to Earnings (P/E)15.9
Beta (1Y)1.75
Revenue Growth0.19%
EPS Growth-2962.74%
CountryIN
Employees315
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.68
Shares Outstanding104,216,700
10 Day Avg. Volume61,880
30 Day Avg. Volume154,569
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)4.09
Price to Sales (P/S)0.29
P/FCF Ratio-4.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
S.A.L. Steel Ltd. Business Overview & Revenue Model
Company Description
S.A.L. Steel Limited manufactures and sells sponge iron and ferro alloys in India and internationally. It operates through Iron & Steel and Power segments. The company also offers iron ore pellets and finished steel products. Its products are prim...
How the Company Makes Money
SALSTEEL primarily makes money by manufacturing metal products and selling them to downstream industrial customers. Its core revenue stream is the sale of its produced output (notably ferro alloys and related steel/metal products), generating inco...
S.A.L. Steel Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.03B | 5.44B | 5.77B | 4.96B | 5.05B | 3.01B |
| Gross Profit | 658.00M | 879.10M | 1.15B | 974.95M | 969.40M | 816.68M |
| EBITDA | 157.30M | 199.30M | 229.94M | 228.76M | 255.89M | 216.73M |
| Net Income | -126.00M | -64.30M | 4.70M | 35.46M | 115.43M | 115.54M |
Balance Sheet | ||||||
| Total Assets | 3.00B | 3.38B | 2.84B | 2.77B | 2.91B | 2.95B |
| Cash, Cash Equivalents and Short-Term Investments | 5.10M | 5.10M | 2.07M | 9.00M | 9.87M | 8.72M |
| Total Debt | 1.98B | 1.78B | 1.25B | 1.25B | 1.24B | 1.46B |
| Total Liabilities | 2.67B | 3.00B | 2.43B | 2.36B | 2.54B | 2.70B |
| Stockholders Equity | 328.30M | 387.30M | 409.77M | 405.35M | 371.36M | 257.20M |
Cash Flow | ||||||
| Free Cash Flow | -109.20M | -393.00M | 125.86M | 61.71M | 222.40M | 226.08M |
| Operating Cash Flow | 94.70M | -206.80M | 262.21M | 83.56M | 223.54M | 235.00M |
| Investing Cash Flow | -203.70M | -182.00M | -134.59M | -21.21M | 800.00K | -8.34M |
| Financing Cash Flow | 109.00M | 388.60M | -127.29M | -69.72M | -221.18M | -219.57M |
S.A.L. Steel Ltd. Technical Analysis
Positive
44.70
Price Trends
43.01
Positive
41.77
Positive
33.03
Positive
Market Momentum
0.49
Negative
72.47
Negative
86.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SALSTEEL, the sentiment is Positive. The current price of 44.7 is above the 20-day moving average (MA) of 39.84, above the 50-day MA of 43.01, and above the 200-day MA of 33.03, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 72.47 is Negative, neither overbought nor oversold. The STOCH value of 86.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SALSTEEL.
S.A.L. Steel Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹1.27B | 13.22 | ― | ― | 29.24% | 75.16% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | ₹1.70B | 64.12 | ― | ― | 119.41% | -35.45% | |
52 Neutral | ₹1.37B | 0.90 | ― | ― | -76.23% | ― | |
51 Neutral | ₹5.13B | 15.95 | ― | ― | 0.19% | -2962.74% | |
45 Neutral | ₹980.24M | -5.31 | ― | ― | -41.73% | -37.19% |
* Basic Materials Sector Average
IN:SALSTEEL
S.A.L. Steel Ltd.
54.18
35.17
185.01%
IN:CUBEXTUB
Cubex Tubings Ltd
93.96
13.06
16.14%
IN:INDIANACRY
Indian Acrylics Limited
6.51
-1.22
-15.78%
IN:MCL
Madhav Copper Ltd.
63.05
16.37
35.07%
IN:SHAHALLOYS
Shah Alloys Limited
72.10
3.75
5.49%
IN:SHYAMCENT
Shyam Century Ferrous Ltd.
5.08
-3.57
-41.27%
S.A.L. Steel Ltd. Corporate Events
S.A.L. Steel boosts borrowing capacity with Rs 150 crore YES Bank facility and Rs 2,000 crore limit plan
Mar 28, 2026
S.A.L. Steel Ltd.’s board has approved borrowing Rs 150 crore from YES Bank as a working capital facility, secured against the company’s current assets, movable fixed assets and an industrial property in Bharapar, along with personal g...
S.A.L. Steel Launches Postal Ballot to Approve Special Business Items
Feb 20, 2026
S.A.L. Steel Ltd. has initiated a postal ballot process to seek shareholder approval for certain special business items, with voting to be conducted exclusively through remote e-voting. The notice, sent electronically in line with MCA and SEBI gui...
S.A.L. Steel Penalised by NSE and BSE for SEBI Compliance Lapse
Feb 19, 2026
S.A.L. Steel Ltd. has disclosed that both the National Stock Exchange of India and BSE have imposed penalties of Rs. 4,40,000 plus 18% GST each for non-compliance with SEBI’s Issue of Capital and Disclosure Requirements Regulations. The brea...
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.