Sail Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – The year 1954 saw the establishment of the Steel Authority of India (SAIL), a central public sector undertaking that manufactures steel in India. SAIL, India’s Largest Steel Producer, has its headquarters at New Delhi and is owned by the Ministry of Steel, Government of India produced 18.29 million metric tons of steel in 2023 its plants are Bhilai, Rourkela, Durgapur, Bokaro and Burnpur and it has three special steel plants at Salem, Durgapur, and Bhadravathi. It is expected that the future steel consumption in the country would touch between 190 MT to 230 MT in 2030 and they would benefit heavily from the Government policies in India as it also the leading firm in production of steel.
Latest Update – According to the Public Sector Undertaking Steel Authority of India Ltd. (SAIL), the consolidated net profit for the 1st quarter of financial year 2024-25 plummeted by over 60% amounting to ₹81.78 crores.
Sail Overview
Contents
Steel Authority of India Limited (SAIL) is a firm that makes steel in largest quantities in India. It is called the Maharatnas of the Central Public Sector Enterprises in India. SAIL has three special steel and five integrated iron and steel plants located at regions where there are many raw materials. SAIL produces different kinds of steel goods which it usually sells.
| Company Name | Steel Authority of India Limited |
| Listed at | NSE & BSE |
| Head Office | ISPAT BHAWAN LODHI ROAD NEW DELHI DL IN 110003 |
| Board Of Directors |
|
| Official Website | sail.co.in |
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Sail Business Profile
The company that produces and sells iron and steel products like hot and cold rolled sheets and coils, electrical sheets, galvanized sheets, electrical steel, structural steel, railway products, and plates. It has special steel plants, ferroalloy plants, and integrated steel plants in the eastern and central areas of India as well as mines that supply iron and coal. Besides this, SAIL makes rails, bars, and rods, stainless steel, and some other alloy steels. It also owns and operates iron ore mines, flux mines, consultancy, and transport and shipping operations.
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The company has a total capacity of 19.63 million tonnes of crude steel and saleable steel for 18.54 million tonnes per annum making it one of top steel producers in India. In FY23, SAIL plans to spend between $60-$80 billion on new projects; half through borrowing and half through saving.
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Sail Steel Plants
| Integrated Steel Plants | ||
|---|---|---|
| Plant | Location | Products |
| Bhilai Steel Plant | Chhattisgarh | Rails (13/26m), Long Rails, (65-260m), Blooms, Billets, Slabs, Channels, Joists, Angles, TMT Rebars, Wire Rods, Crane Rails, Plates, Pig iron & Coal Chemicals |
| Durgapur Steel Plant | West Bengal | Blooms, Billets, Joists, Narrow Slabs, Channels, Angles, TMT Rebars, Wheels & Axles, Pig iron & Coal Chemicals |
| Rourkela Steel Plant | Odisha | Plate Mill Plates, HR Plates, HR Coils, Slabs, CR Sheet/ Coil, Galvanised Sheets (plain & Corrugated), ERW Pipes, Spiral Weld pipes, CRNO, Pig iron & Coal Chemicals |
| Bokaro Steel Plant | Jharkhand | Hr Coils, Slabs, HR Sheets. Plates, CR Coils. Sheets, GP Sheets. coils, GC Sheets, Galvanealed Steel, HRPO, Pig iron & Coal Chemicals |
| IISCO Steel Plant | West Bengal | Wire rods, Bars & Rebars, Joists, Channels, Angles, Blooms, Billets, Universal & Special section (Z-bar, MS Arch), Pig iron & Coal Chemicals |
| Special Steel Plants | ||
| Steel Plant | Location | Products |
| Salem Steel Plant | Tamil Nadu | Cold Rolled Stainless Steel, Hot Rolled Carbon & Stainless Steel Products, Micro-Alloyed Carbon Steel |
| Alloy Steels Plant | West Bengal | Alloy Steel Squares & Rounds, Wear Resistant Plates, Forgings, Carne Wheels, Forged Rolls/ Plaets, Special Quality Slabs & Stainless Setel Slabs (low Ni, 300 & 400 series) |
| Visvesvaraya Iron & Steel Plant | Karnataka | High Quality Rolled & Forged Alloy & Special Steel Products |
| Ferro Alloy Plant | ||
| Steel Plant | Location | Products |
| Chandrapur Ferro Alloy Plant | Maharashtra | High/ Medium/ Low carbon Ferro-Manganese, Silico-Manganese |
Sale of Iron Ore
Due to a slowdown in the prices of iron ore, the business has decreased its existing iron ore fine inventory taking it down to 2.5 metric tonnes (mt). When the prices of iron ore improve, the company will either sell off the current 40mmt in inventory or turn the low-grade fines into pellets for internal use.
Deleveraging
With the prepayment of long-term debt based on high cash generation from its operations and the recovery of receivables from the Indian Railways, SAIL’s debt significantly dropped to INR135 billion.
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Sail Fundamentals & Quarterly Results
| Terms | Value |
|---|---|
| Market Cap | ₹ 63,094 Cr. |
| Current Price | ₹ 153 |
| High / Low | ₹ 176 / 81.8 |
| Stock P/E | 17.0 |
| Book Value | ₹ 138 |
| Dividend Yield | 0.98 % |
| ROCE | 8.24 % |
| ROE | 6.62 % |
| Face Value | ₹ 10.0 |
| Debt to Equity | 0.64 |
| Debt Capacity | 0.01 |
| Debt (preceding year) | ₹ 30,773 Cr. |
| Debt | ₹ 36,323 Cr. |
| Reserves | ₹ 52,971 Cr. |
| EPS | ₹ 7.42 |
| EPS (last year) | ₹ 7.42 |
| Pledged Percentage | 0.00 % |
| FCF (Prev Ann) | ₹ -8,812 Cr. |
| EV/EBITDA | 7.80 |
| Industry PE | 17.3 |
| PEG Ratio | 2.43 |
| Piotroski Score | 7.00 |
| Earnings Yield | 7.47 % |
| Sales Growth (5 Years) | 9.49 % |
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Sail Fundamentals & Quarterly Results
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 30,759 | 24,029 | 26,246 | 25,042 | 29,131 | 24,359 | 29,712 | 23,349 | 27,959 |
| Expenses | 26,421 | 21,727 | 25,511 | 22,964 | 26,206 | 22,710 | 25,837 | 21,206 | 24,476 |
| Operating Profit | 4,338 | 2,302 | 735 | 2,079 | 2,924 | 1,649 | 3,875 | 2,142 | 3,483 |
| OPM % | 14% | 10% | 3% | 8% | 10% | 7% | 13% | 9% | 12% |
| Other Income | 525 | 314 | 512 | 509 | 519 | 527 | -174 | 355 | -43 |
| Interest | 440 | 374 | 506 | 640 | 517 | 613 | 605 | 614 | 642 |
| Depreciation | 1,144 | 1,194 | 1,183 | 1,221 | 1,365 | 1,275 | 1,327 | 1,321 | 1,356 |
| Profit before tax | 3,279 | 1,047 | -443 | 726 | 1,562 | 288 | 1,770 | 563 | 1,441 |
| Tax % | 24% | 23% | 26% | 25% | 26% | 26% | 26% | 25% | 22% |
| Net Profit | 2,479 | 804 | -329 | 542 | 1,159 | 212 | 1,306 | 423 | 1,126 |
| EPS in Rs | 6.00 | 1.95 | -0.80 | 1.31 | 2.81 | 0.51 | 3.16 | 1.02 | 2.73 |
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CAGR Report
| Metric | Value |
|---|---|
| Compounded Sales Growth | |
| – 10 Years | 8% |
| – 5 Years | 9% |
| – 3 Years | 15% |
| – TTM | 1% |
| Compounded Profit Growth | |
| – 10 Years | 7% |
| – 5 Years | 7% |
| – 3 Years | -4% |
| – TTM | 90% |
| Stock Price CAGR | |
| – 10 Years | 4% |
| – 5 Years | 26% |
| – 3 Years | 7% |
| – 1 Year | 84% |
| Return on Equity | |
| – 10 Years | 5% |
| – 5 Years | 10% |
| – 3 Years | 11% |
| – Last Year | 7% |
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| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 65.00% | 65.00% | 65.00% | 65.00% |
| FIIs | 4.24% | 4.10% | 2.91% | 4.32% | 4.58% | 4.69% | 3.18% |
| DIIs | 16.15% | 14.90% | 14.58% | 16.63% | 10.24% | 12.40% | 15.86% |
| Government | 0.04% | 0.05% | 0.06% | 0.07% | 0.00% | 0.00% | 0.00% |
| Public | 4.57% | 5.95% | 7.45% | 13.99% | 20.18% | 17.91% | 15.96% |
| No. of Shareholders | 3,58,848 | 3,59,853 | 3,96,449 | 5,33,051 | 14,66,890 | 15,21,988 | 16,43,073 |
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| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹141.31 | ₹163.37 | ₹176.62 |
| 2025 | ₹180 | ₹170 | ₹203 |
| 2026 | ₹207 | ₹194 | ₹231 |
| 2027 | ₹236 | ₹222 | ₹265 |
| 2028 | ₹270 | ₹254 | ₹304 |
| 2029 | ₹310 | ₹291 | ₹349 |
| 2030 | ₹356 | ₹334 | ₹399 |
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| Month | Target |
| January | ₹180 |
| February | ₹184 |
| March | ₹188 |
| April | ₹182 |
| May | ₹176 |
| June | ₹170 |
| July | ₹177 |
| August | ₹184 |
| September | ₹191 |
| October | ₹195 |
| November | ₹199 |
| December | ₹203 |
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| Month | Target |
| January | ₹207 |
| February | ₹211 |
| March | ₹215 |
| April | ₹208 |
| May | ₹201 |
| June | ₹194 |
| July | ₹202 |
| August | ₹210 |
| September | ₹218 |
| October | ₹222 |
| November | ₹226 |
| December | ₹231 |
| Month | Target |
| January | ₹236 |
| February | ₹241 |
| March | ₹246 |
| April | ₹238 |
| May | ₹230 |
| June | ₹222 |
| July | ₹231 |
| August | ₹240 |
| September | ₹250 |
| October | ₹255 |
| November | ₹260 |
| December | ₹265 |
| Month | Target |
| January | ₹270 |
| February | ₹275 |
| March | ₹281 |
| April | ₹272 |
| May | ₹263 |
| June | ₹254 |
| July | ₹264 |
| August | ₹275 |
| September | ₹286 |
| October | ₹292 |
| November | ₹298 |
| December | ₹304 |
| Month | Target |
| January | ₹310 |
| February | ₹316 |
| March | ₹322 |
| April | ₹311 |
| May | ₹301 |
| June | ₹291 |
| July | ₹303 |
| August | ₹315 |
| September | ₹328 |
| October | ₹335 |
| November | ₹342 |
| December | ₹349 |
| Month | Target |
| January | ₹356 |
| February | ₹363 |
| March | ₹370 |
| April | ₹358 |
| May | ₹346 |
| June | ₹334 |
| July | ₹347 |
| August | ₹361 |
| September | ₹375 |
| October | ₹383 |
| November | ₹391 |
| December | ₹399 |
Official Website – sail.co.in