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SAIL

Steel Authority of IndiaNSEI:SAIL Stock Report

Market Cap

₹481.0b

7D

-10.5%

1Y

228.0%

Updated

25 Oct, 2021

Data

Company Financials +
SAIL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends3/6

SAIL Overview

Steel Authority of India Limited, a steel-making company, manufactures and sells iron and steel products in India and internationally.

Steel Authority of India Competitors

JSW Steel

BSE:500228

₹1.6t

Tata Steel

BSE:500470

₹1.6t

Jindal Steel & Power

NSEI:JINDALSTEL

₹433.6b

NMDC

BSE:526371

₹417.6b

Price History & Performance

Summary of all time highs, changes and price drops for Steel Authority of India
Historical stock prices
Current Share Price₹115.45
52 Week High₹33.15
52 Week Low₹151.30
Beta1.77
1 Month Change6.75%
3 Month Change-11.02%
1 Year Change227.98%
3 Year Change77.75%
5 Year Change122.88%
Change since IPO220.69%

Recent News & Updates

Sep 30
Steel Authority of India Limited's (NSE:SAIL) Intrinsic Value Is Potentially 55% Above Its Share Price

Steel Authority of India Limited's (NSE:SAIL) Intrinsic Value Is Potentially 55% Above Its Share Price

How far off is Steel Authority of India Limited ( NSE:SAIL ) from its intrinsic value? Using the most recent financial...

Aug 08
Steel Authority of India (NSE:SAIL) Shareholders Will Want The ROCE Trajectory To Continue

Steel Authority of India (NSE:SAIL) Shareholders Will Want The ROCE Trajectory To Continue

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

Jul 13
I Ran A Stock Scan For Earnings Growth And Steel Authority of India (NSE:SAIL) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Steel Authority of India (NSE:SAIL) Passed With Ease

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Jun 29
Does Steel Authority of India (NSE:SAIL) Have A Healthy Balance Sheet?

Does Steel Authority of India (NSE:SAIL) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Shareholder Returns

SAILIN Metals and MiningIN Market
7D-10.5%-5.1%-3.1%
1Y228.0%123.7%61.0%

Return vs Industry: SAIL exceeded the Indian Metals and Mining industry which returned 123.7% over the past year.

Return vs Market: SAIL exceeded the Indian Market which returned 61% over the past year.

Price Volatility

Is SAIL's price volatile compared to industry and market?
SAIL volatility
SAIL Beta1.77
Industry Beta1.22
Market Beta1

Stable Share Price: SAIL is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SAIL's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195465,564A. Kamlakarhttps://sail.co.in

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 rails, plates, pig iron, and coal chemicals; narrow slabs; wheels and axles; and plate mill plates, HR plates, HR coils, CR sheets/coils, plain and corrugated galvanized sheets, ERW pipes, spiral weld pipes, and CRNO. The company also provides GP and GC sheets, galvanized steel, HRPO, bars and rebars, Z-bars, MS Arch, cold-rolled stainless steel, hot rolled carbon and stainless-steel products, micro-alloyed carbon steel, and alloy steel squares and rounds.

Steel Authority of India Fundamentals Summary

How do Steel Authority of India's earnings and revenue compare to its market cap?
SAIL fundamental statistics
Market Cap₹481.00b
Earnings (TTM)₹92.72b
Revenue (TTM)₹806.89b

5.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SAIL income statement (TTM)
Revenue₹806.89b
Cost of Revenue₹290.32b
Gross Profit₹516.57b
Expenses₹423.85b
Earnings₹92.72b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 29, 2021

Earnings per share (EPS)22.45
Gross Margin64.02%
Net Profit Margin11.49%
Debt/Equity Ratio78.4%

How did SAIL perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Steel Authority of India undervalued compared to its fair value and its price relative to the market?

36.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAIL (₹116.5) is trading below our estimate of fair value (₹182.81)

Significantly Below Fair Value: SAIL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SAIL is good value based on its PE Ratio (5.2x) compared to the Indian Metals and Mining industry average (12.2x).

PE vs Market: SAIL is good value based on its PE Ratio (5.2x) compared to the Indian market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: SAIL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SAIL is good value based on its PB Ratio (1.1x) compared to the IN Metals and Mining industry average (1.7x).


Future Growth

How is Steel Authority of India forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAIL's earnings are forecast to decline over the next 3 years (-20.2% per year).

Earnings vs Market: SAIL's earnings are forecast to decline over the next 3 years (-20.2% per year).

High Growth Earnings: SAIL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SAIL's revenue (0.6% per year) is forecast to grow slower than the Indian market (13% per year).

High Growth Revenue: SAIL's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SAIL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Steel Authority of India performed over the past 5 years?

73.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAIL has high quality earnings.

Growing Profit Margin: SAIL's current net profit margins (11.5%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: SAIL has become profitable over the past 5 years, growing earnings by 73.7% per year.

Accelerating Growth: SAIL's earnings growth over the past year (1071.4%) exceeds its 5-year average (73.7% per year).

Earnings vs Industry: SAIL earnings growth over the past year (1071.4%) exceeded the Metals and Mining industry 129.5%.


Return on Equity

High ROE: SAIL's Return on Equity (20.4%) is considered high.


Financial Health

How is Steel Authority of India's financial position?


Financial Position Analysis

Short Term Liabilities: SAIL's short term assets (₹321.8B) do not cover its short term liabilities (₹465.0B).

Long Term Liabilities: SAIL's short term assets (₹321.8B) exceed its long term liabilities (₹273.4B).


Debt to Equity History and Analysis

Debt Level: SAIL's debt to equity ratio (78.4%) is considered high.

Reducing Debt: SAIL's debt to equity ratio has reduced from 89.6% to 78.4% over the past 5 years.

Debt Coverage: SAIL's debt is well covered by operating cash flow (65.9%).

Interest Coverage: SAIL's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Dividend

What is Steel Authority of India current dividend yield, its reliability and sustainability?

2.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SAIL's dividend (2.4%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: SAIL's dividend (2.4%) is in the top 25% of dividend payers in the Indian market (1.41%)


Stability and Growth of Payments

Stable Dividend: SAIL's dividend payments have been volatile in the past 10 years.

Growing Dividend: SAIL's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.5%), SAIL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

A. Kamlakar

no data

Tenure

Mr. A. V. Kamlakar serves as Chief Executive Officer of IISCO Steel Plant at Steel Authority of India Ltd and was its Chief Executive Officer of Durgapur Steel Plant & Alloy Steels Plant. He has Additional...


Leadership Team

Experienced Management: SAIL's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: SAIL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Steel Authority of India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Steel Authority of India Limited
  • Ticker: SAIL
  • Exchange: NSEI
  • Founded: 1954
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹481.000b
  • Shares outstanding: 4.13b
  • Website: https://sail.co.in

Number of Employees


Location

  • Steel Authority of India Limited
  • Ispat Bhawan
  • Lodi Road
  • New Delhi
  • Delhi
  • 110003
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 12:07
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.