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India
As of 18 Sept 2026, 03:30 pm
On September 3, 2026, India Ratings and Research upgraded SAIL's long-term issuer rating and public deposit ratings to 'IND AA+/Stable' from 'IND AA'. The upgrade was attributed to improved operational performance in FY26-FY27, driven by higher sales volumes, reduced production costs, and a decline in net adjusted leverage to 2.97x in FY26. The agency affirmed the commercial paper rating at 'IND A1+' and withdrew the bank loan facility rating.
As of September 17, 2026, SAIL's daily trend indicators show the closing price at ₹175.01, with the 20-day Exponential Moving Average (EMA) at 182.26 and the 50-day Simple Moving Average (SMA) at 175.45. The Supertrend indicator is bearish at 191.35. On a weekly basis, the Supertrend is bullish at 153.49, with the 20-day EMA at 176.38. Monthly indicators show a bullish Supertrend at 125.44 and a 20-day EMA of 154.46.
Steel Authority of India (SAIL) declared a dividend of ₹2.35 per share, which represents a yield of 1.32%.
SAIL plans to invest approximately ₹1,000 billion in capital expenditure between FY27 and FY31. This expenditure may lead to a temporary increase in leverage to 3.5x-4.0x during its peak phase, before subsequent deleveraging.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price swings are higher than typical
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹26,245.67 crore | PEAK₹30,813.49 crore | ₹27,371.42 crore | ₹26,704.17 crore | ₹25,921.76 crore |
| Finance Costs | ₹493.02 crore | ₹532.04 crore | ₹547.23 crore | ₹484.28 crore | PEAK₹594.60 crore |
| Other Expenses | ₹8,300.66 crore | PEAK₹8,774.24 crore | ₹7,862.30 crore | ₹7,851.20 crore | ₹7,835.51 crore |
| Profit Before Tax | ₹2,160.88 crore | PEAK₹2,321.38 crore | ₹406.07 crore | ₹457.96 crore | ₹894.71 crore |
| Tax Expense | ₹542.63 crore | PEAK₹666.33 crore | ₹105.73 crore | ₹137.42 crore | ₹223.23 crore |
| Profit Loss For Period | ₹1,644.05 crore | PEAK₹1,835.47 crore | ₹374.03 crore | ₹418.72 crore | ₹744.58 crore |
Revenue increased by 1.25% year-over-year. In contrast, profit before tax rose 141.52% to ₹2,160.88 crore, and net profit increased 120.8%. The wide gap between revenue and profit growth indicates that the increase in profit was driven by factors beyond the modest revenue increase.
Other expenses increased 5.94% year-over-year to ₹8,300.66 crore, while finance costs fell 17.08% to ₹493.02 crore. The net effect of these two items was an increase in expenses of approximately ₹364 crore compared to the year-ago quarter. Despite this net expense increase, profit before tax rose by ₹1,266 crore, indicating that other income or other cost items contributed significantly to the profit rise.
SAIL’s first-quarter profit more than doubled on essentially flat revenue, driven by a combination of lower finance costs and contributions from other income or cost items. The segment profit margin expanded to 8.3%. Although profit declined sequentially from the preceding quarter, it remained well above the prior-year level.
Exchange disclosures and regulatory announcements for Steel Authority of India.
Steel Authority of India Limited (SAIL) disclosed that its management will participate in non-deal roadshows with prospective investors in Mumbai on September 23 and 24, 2026. The intimation was submitted to the Bombay Stock Exchange and National Stock Exchange of India Ltd. on September 17, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by M.B. Balakrishnan, Executive Director (Finance & Accounts) and Company Secretary.
NAME(S)OF THE ACQUIRER AND ITS(PAC) : Life Insurance Corporation of India
On September 3, 2026, India Ratings and Research upgraded Steel Authority of India Limited's (SAIL) long-term issuer rating and public deposit ratings to 'IND AA+/Stable' from 'IND AA', while affirming its commercial paper at 'IND A1+' and withdrawing the bank loan facility rating. The upgrade reflects improved operational performance in FY26-FY27 driven by higher sales volumes, reduced production costs, and a decline in net adjusted leverage to 2.97x in FY26. SAIL plans to incur approximately INR 1,000 billion in capital expenditure between FY27 and FY31, which may temporarily increase leverage to 3.5x-4.0x during the peak phase before deleveraging.
Steel Authority of India Limited (SAIL) has scheduled its 54th Annual General Meeting (AGM) for Thursday, 24th September 2026 at 10:30 AM via Video Conferencing/Other Audio Visual Means. The public notice was published in The Statesman (English) and Dainik Jagran (Hindi) on 2nd September 2026, and includes details on the cut-off date and record date.
Sameera Agro and Infra Limited's Board of Directors on August 31, 2026, approved the notice for the 25th Annual General Meeting on September 30, 2026, at 2:00 PM via VC/OVAM, fixed book closure from September 22 to 29, 2026, and set the e-voting cut-off date as September 18, 2026. Mr. SVN Charyulu was appointed as Scrutinizer for e-voting. The Board also reviewed operations of subsidiary Globe Continent Distilleries Pvt. Ltd. and authorized a detailed report on its operational issues and growth plans for the next meeting.
Sameera Agro And Infra Limited has informed the Exchange regarding Outcome of Board Meeting held on August 31, 2026. |SUBJECT: Outcome of Board Meeting
Ashish Chatterjee ceased serving as a Non-Executive Nominee Director of Steel Authority of India Limited effective August 24, 2026, following relief from the Ministry of Steel. The cessation was reported by the company on August 27, 2026.
Recent market and company developments associated with Steel Authority of India.
Shares of Tata Steel Ltd ended at ₹184.75, down by ₹3.25, or 1.73%, on the BSE.
Maharatna SAIL declared a ₹2.35 per share dividend, yielding 1.32%, while Navratna NMDC announced a Re 1 dividend, with an annual yield of 3.8%. Check comparison of both PSU stocks
Tata Steel and JSW Steel emerged as top metal stock picks by Motilal Oswal. Jindal Steel and SAIL also receive 'Buy' ratings, with target prices indicating significant upside potential.
A State that bears the infrastructural and social consequences of mineral extraction must retain a meaningful stake in the economic value generated from its natural resources
Shares of NBCC (India) Ltd ended at ₹80.60, down by ₹2.45, or 2.95%, on the BSE.
India is set to develop its first 100% hydrogen-powered Direct Reduced Iron (DRI) plant, a Rs 207-crore national pilot project led by CSIR-IMMT. This initiative aims to significantly reduce carbon emissions in the steel sector and achieve net-zero commitments, focusing on adapting the technology to India's domestic iron ore conditions.
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 385.82 points or 0.52% to 74,518.60. The Nifty 50 index lost 135.50 points or 0.58% to 23,342.30.
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Comprehensive Section Breakdown for Steel Authority of India
Strategic Vision: State-owned corporation engaged in steel manufacturing and distribution.
• State-owned enterprise fully managed by the Government of India.
In the first quarter of FY2026-27, Steel Authority of India Limited (SAIL) reported revenue from operations of ₹26,245.67 crore, barely changed from ₹25,921.76 crore a year earlier. Net profit, however, rose to ₹1,644.05 crore — more than double the ₹744.58 crore earned in the same quarter last year. The significant increase in profit occurred alongside small top-line growth and higher other expenses, with lower finance costs providing a partial offset. Compared to the immediately preceding March quarter, revenue fell but profit remained at a significantly higher level than a year ago.
Segment profit before tax, which reflects the performance of the steel-making operations, rose 125.94% to ₹2,186.68 crore. The segment profit margin (segment profit before tax as a percentage of segment revenue) expanded to 8.3% from 3.7% a year earlier. Segment profit was ₹25.80 crore higher than total profit before tax, indicating that unallocated items (such as finance costs and other income/expenses) netted to a loss of that amount, modestly reducing overall profitability.
Compared to the preceding quarter (Q4 FY2025-26), revenue fell 14.82% to ₹26,245.67 crore. Profit before tax declined 6.91% to ₹2,160.88 crore, and net profit fell 10.43% to ₹1,644.05 crore. Other expenses decreased sequentially by ₹474 crore (from ₹8,774.24 crore to ₹8,300.66 crore) and finance costs fell by ₹39 crore (from ₹532.04 crore to ₹493.02 crore). The smaller proportional decline in profit relative to revenue suggests that costs also decreased sequentially, helping to sustain profitability.
Category: Manufacturing
SAIL operates five integrated steel plants located at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur (Asansol), producing a wide range of steel products.
Category: Manufacturing
In addition to integrated plants, SAIL has three special steel plants in Salem, Durgapur, and Bhadravathi.
Category: Manufacturing
A Ferro Alloy plant is situated in Chandrapur.
Core Thesis: SAIL operates through integrated and special steel plants, supported by mining operations and joint ventures across the steel value chain.
• Integrated Steel Production: SAIL operates five integrated steel plants producing a wide range of steel products. • Specialized Steel Manufacturing: SAIL operates three special steel plants to cater to specific market needs. • Raw Material Sourcing: The company is involved in raw material sourcing through its mining operations and joint ventures. • Research and Development: Operations are supported by a dedicated Research & Development Centre for Iron & Steel (RDCIS) and a Centre for Engineering.