1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
S.A.L. Steel Ltd.

S.A.L. Steel Ltd.

81.10
INR
-1.67
(-2.02%)
1.05EPS
52.58P/E
7.96BMarket Cap
S.A.L. Steel Ltd.
BSE:SALSTEEL
(Bombay Stock Exchange)

Recent

price

81.10

P/E

ratio

52.58

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
37.67
38.55
44.66
38.59
43
39.73
42.39
52.46
67.27
47.95
35.41
59.47
58.34
67.85
64.04
21.03
14.07
Revenue per Share
0.03
0.05
-3.37
-4.17
-8.93
-3.39
0.1
4.99
-2.54
1.87
1.36
1.36
0.42
0.06
-0.76
-0.04
1.05
Basic EPS, GAAP
2.83
1.73
2.75
-1.98
2.56
0.04
-0.76
0.49
-1.87
2.16
2.66
2.62
0.73
1.48
-4.67
-26.28
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
14.79
15.78
12.41
8.24
-0.74
-4.67
-4.56
2.39
-0.15
1.71
3.03
4.37
4.77
4.95
4.56
10.13
- -
Book Value per Share
14.71
15.73
12.39
8.24
-0.75
-4.68
-4.57
2.38
-0.15
1.71
3.02
4.36
4.76
4.94
4.55
10.12
- -
Tangible Book Value per Share
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
99
119
Basic Weighted Avg Shares
3,201
3,276
3,794
3,279
3,654
3,376
3,602
4,457
5,715
4,074
3,009
5,053
4,957
5,765
5,441
2,074
1,672
Sales/Revenue/Turnover
6.78
5.53
-3.18
-5.48
4.75
4.37
0.81
-0.17
0.27
-6.31
-3.09
-2.54
0.34
2.26
2.41
1.8
13.53
Operating Margin (%)
194
181
193
175
87
85
76
78
78
75
90
92
95
96
106
109
110
Depreciation Expense
3
4
-286
-354
-758
-288
9
424
-216
159
116
115
35
5
-64
-4
124
Net Income, GAAP
84.31
47.54
- -
- -
- -
- -
- -
33.72
- -
7
6.98
28.91
35.78
26.87
- -
- -
27.27
Effective Tax Rate (%)
0.09
0.13
-7.54
-10.8
-20.75
-8.52
0.24
9.51
-3.78
3.89
3.84
2.28
0.72
0.08
-1.18
-0.17
7.43
Profit Margin (%)
-111
-355
-1,045
-1,781
-2,134
-601
-414
455
369
117
77
-962
444
402
281
1,670
- -
Working Capital
1,872
1,492
1,007
540
151
1,614
1,690
1,673
1,601
1,456
1,240
- -
1,250
1,250
1,250
2,909
- -
LT Debt
1,256
1,341
1,055
700
-63
-397
-388
203
-13
146
257
371
405
420
387
1,466
- -
Total Equity
-0.01
-0.72
- -
- -
- -
- -
2.65
20.31
- -
-11.66
-4.2
-4.59
0.57
4.99
- -
- -
- -
Return on Invested Capital (%)
0.08
0.12
- -
- -
- -
- -
1.15
25.44
- -
10.02
6.79
7.01
5.24
5.88
- -
- -
- -
Return on Capital (%)
0.22
0.32
-23.87
-40.37
- -
- -
- -
- -
- -
- -
57.38
36.73
9.13
1.14
-15.91
-0.38
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
583
- -
LT Borrowings
- -
2,909
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
145
145
Market Capitalization
4,736
5,340
7,964

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,943
- -
Cash, Cash Equivalents & STI
- -
8
- -
Accounts Receivable, Net
- -
17
- -
Inventories
- -
2,334
- -
Total Current Liabilities
- -
1,273
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
583
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-111.28%
65.6%
278.64%
Free Cash Flow
-259.56%
33.57%
552.86%
Net Income, GAAP
256.08%
-343.75%
-94.54%
Sales/Revenue/Turnover
1.86%
2.97%
-61.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,107
1,235
1,936
1,164
5,441
2026
1,276
657
22
119
2,074
2027
874
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.02
0.01
-0.08
-0.7
-0.76
2026
-1.14
0.44
0.68
-0.07
-0.04
2027
0.21
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
S.A.L. Steel Limited engages in the manufacture and sale of sponge iron, ferro alloys, direct reduced iron, iron ore pellets, finished steel products, and power generation primarily in India with international sales. The company operates through two main segments: Iron & Steel and Power. It operates a 40 MW power plant utilizing waste heat recovery boilers and fluidized bed combustion boilers. Founded in 2003, S.A.L. Steel is headquartered in Gandhinagar, Gujarat, India. The company serves diverse industrial markets requiring raw materials for steel production and allied power needs. Recently, S.A.L. Steel has undergone significant operational and financial updates, including a Rs 99 crore capital subscription by Sree Metaliks, a strategic investor, and ongoing shareholding changes by promoters. The company reported notable volatility in quarterly financial performance throughout 2025, with sharp fluctuations in sales and profits reflecting market and operational dynamics. These developments underscore ongoing efforts to strengthen financial position and expand operational capabilities. S.A.L. Steel continues to maintain its focus on enhancing product offerings in steel raw materials and power production to support its industrial clientele. S.A.L. Steel’s product range includes manufacturing sponge iron (direct reduced iron), various ferro alloys essential for steel metallurgy, iron ore pellets, and finished steel, catering to both domestic Indian markets and international customers. Its power segment complements its steel production facilities by generating electricity from byproduct heat, adding to the company’s integrated operational model. The company remains a key player in India’s steel raw materials sector, leveraging its location near Kandla Port in Gujarat to facilitate export and import logistics. As of 2025, S.A.L. Steel’s strategic partnerships and capital infusions indicate active management of growth and resource optimization amid a competitive steel and power industry landscape. S.A.L. Steel Limited maintains a presence in the broader metals and mining industry, targeting industrial manufacturers and steel production companies, with ongoing business expansion supported by new funding and strategic shareholder realignments in the recent year.