Steel Authority of India
- Market cap
- ₹ 68,147 Cr.
- P/E
- 11.2x
- P/B
- 1.16x
- 52-week range
- 124 – 209.7
- ROE
- 6%
- ROCE
- 8%
- Dividend yield
- 1.4%
- Debt / equity
- 0.53
- Sector
- Ferrous Metals
- Industry
- Iron & Steel
- Listed on
- NSE, BSE
About
Steel Authority of India Limited is an India-based company, which is engaged in the steel manufacturing business. The Company is engaged in the manufacturing and sale of iron and steel products. Its business includes integrated steel plants and special steel plants. Its steel plants include Bhilai Steel Plant, Chhattisgarh; Durgapur Steel Plant, West Bengal; Rourkela Steel Plant, Odisha; Bokaro Steel Plant, Jharkhand; IISCO Steel Plant, West Bengal; Alloy Steels Plant, West Bengal; Salem Steel Plant, Tamil Nadu; Visvesvaraya Iron & Steel Plant, Karnataka, and Chandrapur Ferro Alloy Plant, Maharashtra. Its products include Pig Iron, Cold Rolled Products, Pipes, SAIL TMT Bars, Structurals, Galvanished products, Wire rods, PM Plates, Stainless Steel Products, Electrical Steels, Wheels and Axles, SAIL SeQR TMT Bars, Railway Products, Hot Rolled Products, and others. The Company's subsidiaries include SAIL Refractory Company Limited and Chhattisgarh Mega Steel Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel: 15 companies →Steel Authority of India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.2 against a typical 14.3: cheaper than most peers (1st = cheapest).6th of 15
- Sales growth+1.2% against a typical +16.3% from a year earlier.11th of 14
- Profit growth+120.7% against a typical +25.7% from a year earlier.3rd of 12
- Share price, 3 months−5.2% against a typical −9.3%.6th of 15
- Size₹ 68,146.5 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).3rd of 14
Latest announcements
Exchange filings and their impact on the company.
- SAIL Q2 PAT jumped 315% YoY on strong volumes and margins while debt fell sharply to Rs 20583 cr.
SAIL reported strong Q2 FY27 standalone results with revenue of Rs 31,998 crore up about 20% YoY and PAT of Rs 1,774 crore up about 315% YoY. For H1 FY27, revenue was Rs 58,243 crore and PAT was Rs 3,410 crore, with EBITDA rising to Rs 8,917 crore on higher sales volume and cost optimization. Total borrowings fell to Rs 20,583 crore at end-September 2026, reflecting strong operating cash flow and debt reduction.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | Positive | 6 Oct 2026 |
| India Ratings | IND AA+ | Stable | 2 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Oct 2026 | Withdrawn | was CARE AA | Low | CARE | — | |
| 2 Sep 2026 | ▲ Upgrade1 notch | IND AA → IND AA+ | — | India Ratings | ₹ 23,000 Cr. | |
| 7 Oct 2025 | Withdrawn | was CARE AA | — | CARE | ₹ 71,128 Cr. | |
| 3 Sep 2025 | Withdrawn | was IND AA | — | India Ratings | ₹ 32,078 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 24 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 25 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 28 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and Final dividend, if any |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29,712 | 23,349 | 27,959 | 23,998 | 24,675 | 24,490 | 29,316 | 25,922 | 26,704 | 27,371 | 30,813 | 26,246 |
| Expenses | 25,837 | 21,206 | 24,476 | 21,778 | 21,762 | 22,460 | 25,832 | 23,153 | 24,176 | 25,077 | 26,405 | 22,093 |
| Operating Profit | 3,875 | 2,142 | 3,483 | 2,220 | 2,913 | 2,030 | 3,484 | 2,769 | 2,528 | 2,294 | 4,409 | 4,153 |
| OPM % | 13% | 9% | 12% | 9% | 12% | 8% | 12% | 11% | 9% | 8% | 14% | 16% |
| Other Income | −174 | 355 | −43 | −28 | 322 | 393 | 362 | 235 | −34 | 248 | 202 | 87 |
| Interest | 605 | 614 | 642 | 691 | 758 | 680 | 664 | 595 | 484 | 547 | 532 | 493 |
| Depreciation | 1,327 | 1,321 | 1,356 | 1,402 | 1,304 | 1,421 | 1,524 | 1,441 | 1,453 | 1,516 | 1,577 | 1,560 |
| Profit before tax | 1,770 | 563 | 1,441 | 98 | 1,173 | 323 | 1,657 | 968 | 556 | 480 | 2,502 | 2,187 |
| Tax % | 26% | 25% | 22% | 17% | 24% | 56% | 25% | 23% | 25% | 22% | 27% | 25% |
| Net Profit | 1,306 | 423 | 1,126 | 82 | 897 | 142 | 1,251 | 745 | 419 | 374 | 1,835 | 1,644 |
| EPS in Rs | 3.16 | 1.02 | 2.73 | 0.2 | 2.17 | 0.34 | 3.03 | 1.8 | 1.01 | 0.91 | 4.44 | 3.98 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 10%
- 3 Years
- 2%
- TTM
- 6%
- 10 Years
- 11%
- 5 Years
- −2%
- 3 Years
- 25%
- TTM
- 59%
- 10 Years
- 13%
- 5 Years
- 8%
- 3 Years
- 26%
- TTM
- —
- 10 Years
- 7%
- 5 Years
- 9%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Steel Authority of India | ₹ 162.00 | ₹ 68,147 Cr. | 11.2x | 1.2x | 6% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Krishna Kumar Singh
- Chairman, Managing Director, Executive Director - Director (Personnel)
- Ashok Kumar Panda
- Executive Director, Director (Finance)
- M. B. Balakrishnan
- Executive Director (F&A), Compliance Officer, Company Secretary
- Manish Raj Gupta
- Executive Director, Director (Mining)
- Surajit Mishra
- Executive Director - Director (Bumpur and Durgapur Steel Plants)
- Chitta Ranjan Mohapatra
- Executive Director, Director (Bhilai Steel Plant)
- T.N. Natarajan
- Executive Director, Director (Commercial)
Prices are delayed and for information only. Nothing on this page is investment advice.