Steel Authority of India Limited

NSEI:SAIL Stock Report

Market Cap: ₹628.0b

Steel Authority of India Valuation

Is SAIL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAIL (₹152.03) is trading above our estimate of fair value (₹85.11)

Significantly Below Fair Value: SAIL is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAIL?

Other financial metrics that can be useful for relative valuation.

SAIL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA8.8x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does SAIL's PE Ratio compare to its peers?

The above table shows the PE ratio for SAIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.3x
13x12.6%₹724.3b
JINDALSTEL Jindal Steel & Power
17.3x19.5%₹1.0t
JSL Jindal Stainless
24x26.2%₹650.1b
533758 APL Apollo Tubes
58.7x28.5%₹430.3b
SAIL Steel Authority of India
20.5x17.1%₹628.0b

Price-To-Earnings vs Peers: SAIL is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (28.3x).


Price to Earnings Ratio vs Industry

How does SAIL's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SAIL is good value based on its Price-To-Earnings Ratio (20.5x) compared to the Indian Metals and Mining industry average (25x).


Price to Earnings Ratio vs Fair Ratio

What is SAIL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.5x
Fair PE Ratio39.5x

Price-To-Earnings vs Fair Ratio: SAIL is good value based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (39.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAIL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹152.03
₹127.54
-16.1%
23.9%₹200.00₹85.00n/a24
Jul ’25₹149.06
₹127.83
-14.2%
24.4%₹200.00₹85.00n/a24
Jun ’25₹158.50
₹127.75
-19.4%
24.7%₹200.00₹85.00n/a24
May ’25₹164.20
₹108.61
-33.9%
20.2%₹156.00₹70.00n/a23
Apr ’25₹140.75
₹104.65
-25.6%
16.8%₹150.00₹70.00n/a23
Mar ’25₹133.00
₹103.78
-22.0%
17.2%₹150.00₹70.00n/a23
Feb ’25₹119.30
₹95.00
-20.4%
14.9%₹120.00₹60.00n/a23
Jan ’25₹124.70
₹92.17
-26.1%
13.9%₹115.00₹60.00n/a23
Dec ’24₹93.15
₹91.17
-2.1%
14.7%₹115.00₹60.00n/a23
Nov ’24₹82.90
₹91.74
+10.7%
16.1%₹115.00₹50.00n/a23
Oct ’24₹93.85
₹91.74
-2.2%
16.1%₹115.00₹50.00n/a23
Sep ’24₹96.95
₹91.65
-5.5%
16.1%₹115.00₹50.00n/a23
Aug ’24₹95.60
₹91.63
-4.2%
18.1%₹140.00₹50.00n/a24
Jul ’24₹85.50
₹91.70
+7.2%
18.5%₹140.00₹50.00₹149.0623
Jun ’24₹82.20
₹93.22
+13.4%
17.9%₹140.00₹50.00₹158.5023
May ’24₹82.80
₹95.55
+15.4%
19.9%₹140.00₹55.00₹164.2022
Apr ’24₹82.70
₹96.05
+16.1%
19.7%₹140.00₹55.00₹140.7522
Mar ’24₹85.25
₹94.91
+11.3%
20.2%₹140.00₹55.00₹133.0023
Feb ’24₹89.00
₹90.48
+1.7%
22.3%₹140.00₹55.00₹119.3025
Jan ’24₹82.65
₹86.00
+4.1%
21.6%₹126.00₹55.00₹124.7025
Dec ’23₹85.85
₹86.96
+1.3%
22.2%₹126.00₹55.00₹93.1525
Nov ’23₹80.00
₹84.88
+6.1%
26.5%₹135.00₹55.00₹82.9025
Oct ’23₹76.75
₹90.29
+17.6%
33.4%₹185.00₹55.00₹93.8524
Sep ’23₹80.95
₹91.46
+13.0%
34.2%₹185.00₹55.00₹96.9524
Aug ’23₹77.70
₹91.09
+17.2%
39.4%₹185.00₹55.00₹95.6023
Jul ’23₹69.90
₹92.64
+32.5%
36.6%₹185.00₹55.00₹85.5022

Analyst Forecast: Target price is lower than the current share price.


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