1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
S.A.L. Steel Ltd.

S.A.L. Steel Ltd.

83.07
INR
-0.49
(-0.59%)
1.05EPS
51.93P/E
7.87BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
-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
Free Cash Flow per Basic Share
-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
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
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
- -
Tangible Book Value per Share
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
- -
Basic Weighted Avg Shares
85
85
85
85
85
85
85
85
85
85
85
85
99
119
Sales/Revenue/Turnover
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
Operating Margin (%)
-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
Depreciation Expense
175
87
85
76
78
78
75
90
92
95
96
106
109
110
Net Income, GAAP
-354
-758
-288
9
424
-216
159
116
115
35
5
-64
-4
124
Effective Tax Rate (%)
- -
- -
- -
- -
33.72
- -
7
6.98
28.91
35.78
26.87
- -
- -
27.27
Profit Margin (%)
-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
Working Capital
-1,781
-2,134
-601
-414
455
369
117
77
-962
444
402
281
1,670
- -
LT Debt
540
151
1,614
1,690
1,673
1,601
1,456
1,240
- -
1,250
1,250
1,250
2,909
- -
Total Equity
700
-63
-397
-388
203
-13
146
257
371
405
420
387
1,466
- -
Return on Invested Capital (%)
- -
- -
- -
2.65
20.31
- -
-11.66
-4.2
-4.59
0.57
4.99
- -
- -
- -
Return on Capital (%)
- -
- -
- -
1.15
25.44
- -
10.02
6.79
7.01
5.24
5.88
- -
- -
- -
Return on Common Equity (%)
-40.37
- -
- -
- -
- -
- -
- -
57.38
36.73
9.13
1.14
-15.91
-0.38
- -

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
4,729
5,327
7,866

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
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kaustubh Agarwal
Full Time Employees
443
Sector
Non-energy minerals
Industry
Steel
Address
Shah Alloys Corporate House Gurgaon GU India 382721
IPO Date
Nov 1, 2004
Website
salsteel.co.in
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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.