Steel Authority of India Limited

NSEI:SAIL Stock Report

Market Cap: ₹479.6b

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 (₹116.1) is trading above our estimate of fair value (₹42.02)

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?

Key metric: As SAIL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAIL. This is calculated by dividing SAIL's market cap by their current earnings.
What is SAIL's PE Ratio?
PE Ratio19x
Earnings₹25.28b
Market Cap₹479.55b

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 Average32.1x
533758 APL Apollo Tubes
75.5x29.0%₹432.8b
526371 NMDC
10.3x11.3%₹625.2b
JSL Jindal Stainless
24.2x29.5%₹592.7b
JINDALSTEL Jindal Steel & Power
18.3x33.2%₹926.3b
SAIL Steel Authority of India
19x28.8%₹479.6b

Price-To-Earnings vs Peers: SAIL is good value based on its Price-To-Earnings Ratio (19x) compared to the peer average (32.1x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.49m
531144 El Forge
1.1xn/aUS$9.01m
531539 Rishabh Digha Steel And Allied Products
1.9xn/aUS$2.65m
526093 Sathavahana Ispat
0.1xn/aUS$1.41m
SAIL 19.0xIndustry Avg. 26.4xNo. of Companies33PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAIL is good value based on its Price-To-Earnings Ratio (19x) compared to the Indian Metals and Mining industry average (26.4x).

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 Ratio19x
Fair PE Ratio46.6x

Price-To-Earnings vs Fair Ratio: SAIL is good value based on its Price-To-Earnings Ratio (19x) compared to the estimated Fair Price-To-Earnings Ratio (46.6x).

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₹116.10
₹113.19
-2.5%
18.9%₹143.00₹55.00n/a26
Dec ’25₹117.11
₹113.58
-3.0%
19.0%₹143.00₹55.00n/a26
Nov ’25₹117.75
₹117.08
-0.6%
19.9%₹165.00₹65.00n/a25
Oct ’25₹141.03
₹115.21
-18.3%
20.7%₹165.00₹65.00n/a24
Sep ’25₹133.69
₹114.79
-14.1%
19.5%₹165.00₹65.00n/a24
Aug ’25₹150.03
₹127.54
-15.0%
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₹60.00₹117.1123
Nov ’24₹82.90
₹91.74
+10.7%
16.1%₹115.00₹50.00₹117.7523
Oct ’24₹93.85
₹91.74
-2.2%
16.1%₹115.00₹50.00₹141.0323
Sep ’24₹96.95
₹91.65
-5.5%
16.1%₹115.00₹50.00₹133.6923
Aug ’24₹95.60
₹91.63
-4.2%
18.1%₹140.00₹50.00₹150.0324
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 18:51
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Steel Authority of India Limited is covered by 69 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
Rahul DholamAngel Broking Private Limited