# Steel Authority of India (SAIL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/sail

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹171.6
- Change: -0.41%
- As of: 2026-11-06
- 1D return: -0.41%
- 5D return: +6.58%
- 1M return: +3.22%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

SAIL (171.60) shows a mixed technical posture as of 2026-11-06, defined by a conflict between a strong monthly uptrend and a weak, bearish daily structure. The monthly trend remains bullish with an ADX of 64.24, while the weekly Supertrend is also bullish. However, on the daily chart, price has fallen below the 50-period SMA, 200-period SMA, and the Supertrend, signaling short-term weakness despite holding above the 20-period EMA. Daily momentum is developing but lacks conviction (ADX 21.24), and participation was low during a recent moderate downward anomaly (-0.4% return). Price sits in the upper-middle of its 20-day range (+69.0%) but near the middle of its yearly range (+55.5%). Immediate resistance lies at 172.50 (+0.52%), with support at the pivot level of 171.41 (-0.11%). Annualized volatility is elevated at +36.0%, with a current drawdown of -16.7%. Confirmation of a daily reversal requires a sustained move above the Supertrend and 50-period SMA; failure to hold the 171.41 pivot may expose lower supports at 169.19.

- Trend Conflict: Monthly trend is strong and bullish (ADX 64.24), but daily structure is bearish with price below the Supertrend and key long-term moving averages (50-SMA, 200-SMA).
- Price Positioning: Trading at ₹171.60, SAIL is in the upper-middle of its 20-day range (+69.0%) but near the midpoint of its 252-day range (+55.5%).
- Momentum & Participation: Daily trend strength is developing (ADX 21.24); recent activity showed high participation without clear direction (-0.4% return on 2026-11-06).
- Key Levels: Immediate resistance at ₹172.50 (+0.52%); critical daily support at pivot ₹171.41 (-0.11%). A break below this pivot risks testing ₹169.19.

- Bullish Engulfing Reversal
- Morning Star
- Shooting Star
- Outside Bar

### Official Filings

Steel Authority of India Limited (SAIL) reported H1 FY27 financial results for the period ended September 30, 2026, alongside significant governance updates. The company recorded a standalone Net Profit After Tax (PAT) of ₹3,233.48 crore on revenue from operations of ₹58,243.15 crore. Management highlighted a debt reduction to ₹20,583 crore with a debt-equity ratio of 0.34x, while outlining a massive capital expenditure plan of ₹1,20,000 crore over four years to expand capacity from 20 million tons to 35 million tons. However, SAIL revised its full-year saleable steel sales guidance down to 21 million tons from 22 million tons. Governance-wise, the Board is currently non-compliant with SEBI LODR requirements regarding Independent and Woman Directors, though Ms. Sarita Chauhan and Shri Vinod Kumar Tripathi have been appointed as Government Nominee Directors effective October 12, 2026.

- H1 FY27 Financials: Standalone PAT of ₹3,233.48 crore on revenue of ₹58,243.15 crore; IndAS debt stands at ₹31,464 crore with a debt-equity ratio of 0.52.
- Guidance Revision: Full-year saleable steel sales target reduced to 21 million tons from 22 million tons, while crude steel production remains targeted at 22 million tons.
- Capital Expansion: Approved ₹1,20,000 crore capex over FY26-27 to FY30-31 to increase capacity from 20 million tons to 35 million tons across IISCO, Bokaro, Bhilai, and Rourkela plants.
- Governance Status: Board composition is non-compliant with SEBI LODR norms for Independent and Woman Directors; two new Government Nominee Directors appointed effective October 12, 2026.

- [Steel Authority of India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_31102026171054_Transcript_seint.pdf)
- [STEEL AUTHORITY OF INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20261028_174841390.xml)
- [Steel Authority of India Limited has informed the Exchange about Brief Profile of Government Nominee Directors |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175526_profile.pdf)
- [Steel Authority of India Limited has informed the Exchange about Extract of Newspaper Publication of Unaudited Financial Results for the Quarter and Half Year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SAIL_28102026175824_adv_intse.pdf)
- [Steel Authority of India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175958_audio.pdf)
- [Steel Authority of India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SAIL_27102026203833_finres.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747254_27102026084343_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747255_27102026084401_WEB.xml)
- [Steel Authority of India Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SAIL_27102026204910_inv_pres.pdf)
- [Steel Authority of India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_22102026163730_invmeet.pdf)

### Fundamentals

Steel Authority of India (SAIL) reported a robust recovery in FY2026-27, with Q2 revenue rising 20% year-on-year to ₹31,998 crore and net profit jumping to ₹1,750 crore. This follows a strong full-year performance where TTM net profit reached ₹5,604 crore, up significantly from ₹3,373 crore in FY2026. Earnings quality has improved markedly; cash flow from operations surged to ₹19,039 crore in FY2026, converting at 163% of operating profit, while the cash conversion cycle compressed sharply to 108 days from 163 days in FY2025. The balance sheet shows deleveraging, with borrowings declining to ₹31,464 crore as of September 2026, even as capital expenditure accelerated, evidenced by CWIP rising to ₹12,620 crore. However, liquidity tightened, with cash reserves falling to ₹105 crore. Institutional interest is shifting, with FII holdings increasing to 7.3% in September 2026.

- Q2 FY2026-27 revenue grew 20% YoY to ₹31,998 crore, with net profit at ₹1,750 crore, reversing the previous quarter's slowdown.
- Cash generation strengthened substantially: CFO hit ₹19,039 crore in FY2026 (163% of operating profit), and the cash conversion cycle improved to 108 days.
- Leverage decreased as borrowings fell to ₹31,464 crore in Sep 2026, while investment activity increased with CWIP rising to ₹12,620 crore.
- FII stake rose to 7.3% in Sep 2026, contrasting with stable promoter holding at 65%, while cash balances contracted to ₹105 crore.

### Bull Case

The strongest evidence-backed conditional upside case for Steel Authority of India rests on a divergence between its long-term technical structure and short-term momentum. While the daily trend is bearish with a Supertrend signal indicating downward pressure, the monthly timeframe maintains a bullish Supertrend direction supported by strong directional movement (Plus DI at 24.29 versus Minus DI at 9.0). This suggests that despite recent consolidation, the broader multi-month trend remains intact. Additionally, the stock has delivered a +24.4% return over the past year and a +15.6% year-to-date gain as of November 6, 2026, demonstrating significant historical outperformance. A constructive interpretation holds if the price can stabilize above key support levels, specifically the pivot at ₹171.41, allowing the longer-term bullish structure to reassert control over the near-term volatility.

- Monthly trend remains bullish with a Supertrend signal and Plus DI (24.29) significantly exceeding Minus DI (9.0), contrasting with the daily bearish setup.
- Stock shows strong historical performance with a +24.4% one-year return and +15.6% YTD gain as of November 6, 2026.
- Immediate monitoring condition: Price must hold above the pivot support at ₹171.41 to prevent further erosion of the current -16.7% drawdown.

- [D-Street poised for a gap-up start as GIFT Nifty trades firmly higher](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135547550.cms)
- [D-Street braces for weak opening on negative GIFT Nifty cues](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135507523.cms)
- [D-Street poised for positive start as GIFT Nifty signals gains](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135468397.cms)
- [YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- [D-Street poised for a positive start as GIFT Nifty trades firmly higher](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135431803.cms)
- [Steel Authority of India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_31102026171054_Transcript_seint.pdf)
- [STEEL AUTHORITY OF INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20261028_174841390.xml)
- [Steel Authority of India Limited has informed the Exchange about Brief Profile of Government Nominee Directors |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175526_profile.pdf)
- [Steel Authority of India Limited has informed the Exchange about Extract of Newspaper Publication of Unaudited Financial Results for the Quarter and Half Year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SAIL_28102026175824_adv_intse.pdf)
- [Steel Authority of India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175958_audio.pdf)

### Bear Case

SAIL faces near-term technical headwinds and liquidity constraints that warrant caution. On a daily basis, the stock is trading in a bearish regime with the Supertrend indicator signaling downside pressure, supported by an ADX of 21.24 indicating moderate trend strength. The share price closed at ₹171.60 on 2026-11-06, reflecting a -0.4% daily decline and a significant -16.7% current drawdown from recent peaks. While the monthly trend remains bullish (ADX 64.24), the weekly timeframe shows conflicting signals with a negative EMA-20 slope (-3.7) despite a bullish Supertrend, suggesting underlying weakness. Furthermore, SAIL shares were placed in the F&O ban period for crossing 95% of the market-wide position limit, restricting fresh derivative positions and potentially reducing short-term liquidity and speculative interest.

- Daily trend is bearish (Supertrend: bearish; ADX: 21.24); current drawdown stands at -16.7% with maximum drawdown of -21.9%.
- Stock was placed in F&O ban after crossing 95% of position limits, restricting new derivatives activity.
- Weekly momentum shows divergence: negative EMA-20 slope (-3.7) contrasts with bullish Supertrend, indicating mixed intermediate-term signals.
- Recent performance includes a -3.6% return over 1 month and -7.8% over 6 months, contrasting with +24.4% annual return.

- [D-Street poised for a gap-up start as GIFT Nifty trades firmly higher](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135547550.cms)
- [D-Street braces for weak opening on negative GIFT Nifty cues](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135507523.cms)
- [D-Street poised for positive start as GIFT Nifty signals gains](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135468397.cms)
- [YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- [D-Street poised for a positive start as GIFT Nifty trades firmly higher](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135431803.cms)
- [Steel Authority of India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_31102026171054_Transcript_seint.pdf)
- [STEEL AUTHORITY OF INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20261028_174841390.xml)
- [Steel Authority of India Limited has informed the Exchange about Brief Profile of Government Nominee Directors |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175526_profile.pdf)
- [Steel Authority of India Limited has informed the Exchange about Extract of Newspaper Publication of Unaudited Financial Results for the Quarter and Half Year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SAIL_28102026175824_adv_intse.pdf)
- [Steel Authority of India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175958_audio.pdf)

### FAQs

**What are SAIL's updated production targets and long-term capacity plans?**

SAIL revised its full-year saleable steel sales guidance down to 21 million tons from 22 million tons, while maintaining crude steel production targets at 22 million tons. The company outlined a capital expenditure plan of ₹1,20,000 crores over four years (FY26-27 to FY30-31) to expand capacity from 20 million tons to 35 million tons across IISCO, Bokaro, Bhilai, and Rourkela plants.

**How has SAIL's financial position changed in the first half of FY27?**

For H1 FY27, SAIL reported a sales turnover of ₹57,776 crores. The company reduced its debt to ₹20,583 crores, resulting in a debt-equity ratio of 0.34x. These figures were disclosed in the transcript of the Q2 FY27 earnings conference call held on October 28, 2026.

**What is the current trading status of SAIL shares in the derivatives segment?**

Shares of SAIL were placed in the F&O ban period after crossing 95% of the market-wide position limit. This restriction prevents fresh positions in the derivatives segment until open interest reduces. As of November 6, 2026, the stock closed at ₹171.6 with a daily trend showing bearish momentum indicators.

- [D-Street poised for a gap-up start as GIFT Nifty trades firmly higher](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135547550.cms)
- [D-Street braces for weak opening on negative GIFT Nifty cues](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135507523.cms)
- [D-Street poised for positive start as GIFT Nifty signals gains](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135468397.cms)
- [YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- [D-Street poised for a positive start as GIFT Nifty trades firmly higher](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135431803.cms)
- [Steel Authority of India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_31102026171054_Transcript_seint.pdf)
- [STEEL AUTHORITY OF INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20261028_174841390.xml)
- [Steel Authority of India Limited has informed the Exchange about Brief Profile of Government Nominee Directors |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175526_profile.pdf)
- [Steel Authority of India Limited has informed the Exchange about Extract of Newspaper Publication of Unaudited Financial Results for the Quarter and Half Year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SAIL_28102026175824_adv_intse.pdf)
- [Steel Authority of India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SAIL_28102026175958_audio.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹171.41
- Risk regime: Price Risk Requires Attention

### Support levels
- 158.01
- 141.3
- 131.82437499999997

### Resistance levels
- 172.495
- 190.09750000000003
- 200.96

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.41% |
| return_10 | +4.42% |
| return_1m | -3.65% |
| return_1y | +24.43% |
| return_20 | +3.22% |
| return_3m | -2.91% |
| return_5 | +6.58% |
| return_6m | -7.76% |
| return_since_start | +51.95% |
| return_ytd | +15.59% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -21.91% |
| annualized_volatility | +35.95% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Steel Authority of India Limited FY2026-27 Q2: Revenue up 22% sequentially

SAIL’s consolidated revenue from operations rose 21.9% quarter on quarter to ₹31,998 crore in Q2 FY2026-27, while profit before tax increased 3.8% to ₹2,244 crore. Expenses grew faster than revenue, and profit before exceptional items and tax was nearly unchanged from Q1; a smaller exceptional-item charge lifted the sequential PBT comparison.

## Revenue growth and higher expenses

Revenue from operations increased from ₹26,246 crore in Q1 FY2026-27 and ₹26,704 crore in Q2 FY2025-26. Total expenses rose 23.9% quarter on quarter to ₹29,914 crore, from ₹24,146 crore. Other expenses, at ₹8,115 crore, were down 2.2% from Q1.

Q2 expenses included ₹13,914 crore for materials consumed, ₹2,470 crore from changes in inventories, ₹2,864 crore in employee benefits and ₹1,609 crore in depreciation, depletion and amortisation. The faster sequential increase in total expenses than in revenue is reflected in the limited movement in profit before exceptional items and tax.

## Profit rises year on year; exceptional charge eases sequentially

Profit before exceptional items and tax was ₹2,316 crore, up 0.5% from ₹2,305 crore in Q1 FY2026-27 and from ₹796 crore in Q2 FY2025-26. The exceptional-item charge narrowed to ₹73 crore from ₹144 crore in Q1, taking profit before tax to ₹2,244 crore, up 3.8% sequentially. PBT was ₹458 crore in Q2 FY2025-26.

Tax expense was ₹574 crore, compared with ₹543 crore in Q1. Profit for the period increased 6.5% quarter on quarter to ₹1,750 crore from ₹1,644 crore. Basic and diluted earnings per share were ₹4.24, versus ₹3.98 in Q1 and ₹1.01 a year earlier.

## Borrowings and balance sheet

At 30 September 2026, current borrowings were ₹14,580 crore and noncurrent borrowings were ₹6,003 crore, together totalling about ₹20,583 crore. Noncurrent borrowings were lower than ₹14,799 crore at 30 September 2025 and ₹16,756 crore at 31 March 2026. Equity stood at ₹62,520 crore, compared with ₹58,278 crore a year earlier.

Cash and cash equivalents were ₹105 crore, alongside other bank balances of ₹1,621 crore. Inventories were ₹25,572 crore, down from ₹27,875 crore at 30 September 2025. Total assets increased to ₹1,41,542 crore from ₹1,34,163 crore a year earlier.

## Investment and asset base

Property, plant and equipment was ₹63,584 crore at 30 September 2026, compared with ₹64,172 crore a year earlier. Capital work in progress increased to ₹12,620 crore from ₹8,842 crore, while other intangible assets stood at ₹2,664 crore, down from ₹8,275 crore.

## Key Takeaway

SAIL’s Q2 revenue growth was strong sequentially, but the faster rise in expenses left pre-exceptional profit almost flat against Q1. The smaller exceptional-item charge supported a modest sequential increase in PBT, while total borrowings stood at about ₹20,583 crore at quarter-end, with noncurrent borrowings materially below both year-ago and March levels.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +65.00%
- FII holding: +7.09%
- DII holding: +16.87%
- Mutual fund holding: +8.74%
- Retail holding: +7.12%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +65.00%
- LICI ASM NON PAR — +5.88%
- MIRAGE ASSET ARBITRAGE FUND — +2.45%

## Official filings

- 2026-10-31 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_31102026171054_Transcript_seint.pdf)
- 2026-10-28 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20261028_174841390.xml)
- 2026-10-28 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_28102026175526_profile.pdf)
- 2026-10-28 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_28102026175824_adv_intse.pdf)
- 2026-10-28 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_28102026175958_audio.pdf)
- 2026-10-27 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_27102026203833_finres.pdf)
- 2026-10-27 — Financial Results Filing: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747254_27102026084343_WEB.xml)
- 2026-10-27 — Financial Results Filing: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747255_27102026084401_WEB.xml)
- 2026-10-27 — Earnings Presentation: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_27102026204910_inv_pres.pdf)
- 2026-10-22 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_22102026163730_invmeet.pdf)
- 2026-10-21 — Shareholding Disclosure: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742880_21102026034028_WEB.xml)
- 2026-10-21 — Board Meeting Notice: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_21102026154440_BMINT_092026.pdf)
- 2026-10-21 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_746_WebXMLFile_20261021_155058626.xml)
- 2026-10-21 — Board Meeting Notice: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_746_WebXMLFile_20261021_155058626.xml)
- 2026-10-13 — Management Change: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_13102026172120_comp_13102026.pdf)
- 2026-10-13 — Management Change: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_13102026172225_comp_13102026.pdf)
- 2026-10-13 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20261013_190414728.xml)
- 2026-10-13 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_13102026190605_js_cess_an.pdf)
- 2026-10-09 — Press Release: SEPC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHRIRAMEPC_09102026131017_SE_INTIMATION_WITH_PRESS_RELEASE_SAIL_CONTRACT.pdf)
- 2026-10-07 — Credit Rating Update: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_07102026164807_crrat.pdf)
- 2026-10-01 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_01102026153714_mm.pdf)
- 2026-10-01 — Management Change: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_01102026153823_mm.pdf)
- 2026-10-01 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20261001_154051703.xml)
- 2026-09-30 — Generic Announcement: Jayesh Logistics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAYESHLOGISTICS_30092026130724_Work_order-SAIL_Revised.pdf)
- 2026-09-28 — Corporate Action Notice: Steel Authority of India Limited - Ex-Date: 30-Sep-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)

## News and market events

- 2026-11-05 — Economic Times: **D-Street poised for a gap-up start as GIFT Nifty trades firmly higher** — Indian equity benchmarks are poised for a gap-up start as the GIFT Nifty trades 1.57% higher, extending the winning streak to five consecutive sessions driven by easing crude oil prices and optimism over US-Iran negotiations. The Nifty 50 and BSE Sensex recently gained 0.63% and 0.50% respectively, supported by net buying from foreign portfolio investors and a decline in market volatility. This positive sentiment is reflected in broader Asian markets following Wall Street's advance, with the rupee also trading positively against the dollar. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135547550.cms)
- 2026-11-04 — Economic Times: **D-Street braces for weak opening on negative GIFT Nifty cues** — Indian equities are poised for a weak opening as GIFT Nifty signals a negative start, contrasting with the benchmark Nifty's recent four-session rally that closed at 23,810. This consolidation phase follows gains driven by easing crude prices and foreign fund inflows, though analysts note the India VIX has risen to 15.72 amid expectations of positive bias. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135507523.cms)
- 2026-11-03 — Economic Times: **D-Street poised for positive start as GIFT Nifty signals gains** — GIFT Nifty traded higher by 128.5 points to signal a positive start for Indian equity markets on Tuesday. Analysts identified immediate support for the Nifty at 23,200 and resistance levels at 23,500 and 23,700. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135468397.cms)
- 2026-11-02 — BUSINESSTODAY: **YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss** — Research Analyst Muthuselvaraj M at Mirae Asset Sharekhan provided trading outlooks for YES Bank Ltd, Mphasis Ltd, and Steel Authority of India ahead of the Monday session. The analyst highlighted technical levels and ratings for these stocks amidst broader market sentiment influenced by banking interest rate expectations and AI valuation concerns. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- 2026-11-02 — Economic Times: **D-Street poised for a positive start as GIFT Nifty trades firmly higher** — Shares of Kaynes and SAIL were placed in the F&O ban period after crossing 95% of the market-wide position limit. This restricts fresh positions in these stocks in the derivatives segment until open interest reduces. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135431803.cms)
- 2026-10-30 — Economic Times: **Pre-market action: Here's the trade setup for today's session** — Kaynes and SAIL stocks entered the F&O ban period for the current trading session because their securities crossed 95% of the market-wide position limit. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135324178.cms)
- 2026-10-29 — MONEYCONTROL: **Buy Steel Authority of India; target of Rs 204: ICICI Securities** — ICICI Securities has issued a 'Buy' recommendation for Steel Authority of India with a price target of Rs 204. — [Source](https://www.moneycontrol.com/news/business/buy-steel-authority-of-india-target-of-rs-204-icici-securities-14063797.html)
- 2026-10-29 — MONEYCONTROL: **Buy SAIL; target of Rs 190: Motilal Oswal** — Motilal Oswal has issued a 'Buy' recommendation for SAIL with a price target of Rs 190. — [Source](https://www.moneycontrol.com/news/business/buy-sail-target-of-rs-190-motilal-oswal-14063390.html)
- 2026-10-29 — MONEYCONTROL: **Buy SAIL; target of Rs 230: Anand Rathi** — Buy SAIL; target of Rs 230: Anand Rathi Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Kiren Rijiju MLC Election Results Moon Rise Time Today Silver Price Nagpur MLC Election Result Amazon Layoffs US Fed Rates Varanasi MLC Polls News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs — [Source](https://www.moneycontrol.com/news/business/stocks/buy-sail-target-of-rs-230-anand-rathi-14063281.html)
- 2026-10-29 — MONEYCONTROL: **Accumulate Steel Authority of India; target of Rs 180: Prabhudas Lilladher** — Accumulate Steel Authority of India; target of Rs 180: Prabhudas Lilladher Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance mor — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-steel-authority-of-india-target-of-rs-180-prabhudas-lilladher-14063198.html)
- 2026-10-27 — CNBC-TV18: **Stocks to Watch for October 28: Jio Platforms, TATA Capital, Infosys, AWL Agri and more** — From Tata Capital, AWL Agri Business and Vedanta Iron & Steel reporting their Q2 results to Jio Platforms making its market debut tomorrow, here are the stocks to watch in Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-28-jio-platforms-listing-price-tata-capital-infosys-awl-agri-and-more-20020516.htm)
- 2026-10-27 — MONEYCONTROL: **SAIL Q2 net profit surges 315% to Rs 1,774 crore, revenue rises 20%** — SAIL Q2 net profit surges 315% to Rs 1,774 crore, revenue rises 20% Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jio IPO Listing Date Israel Elections 2026 live Microsoft Buyout news Gyanesh Kumar Benjamin Netanyahu Noel Tata Ather Share Price Anthropic IPO News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Ho — [Source](https://www.moneycontrol.com/news/business/earnings/sail-q2-net-profit-surges-315-to-rs-1-774-crore-revenue-rises-20-14061599.html)
- 2026-10-27 — CNBC-TV18: **SAIL Q2 Results: Net profit soars 318% on cost optimisation and higher sales; misses estimates** — SAIL reported a 318.1% year-on-year increase in net profit to ₹1,750.5 crore in Q2 FY27, while revenue grew 19.8% to ₹31,998 crore. Revenue exceeded the CNBC-TV18 poll estimate, but net profit, EBITDA and EBITDA margin missed expectations. — [Source](https://www.cnbctv18.com/market/stocks/sail-share-price-q2-results-net-profit-soars-318-on-cost-optimisation-and-higher-sales-misses-estimates-20020679.htm)
- 2026-10-27 — Mint: **Best steel stocks to buy: JSW Steel, SAIL - Why Aditya Birla Capital is betting on capacity growth and margin recovery** — Aditya Birla Capital sees a durable upcycle for Indian steel, driven by tightening supply, resilient demand and trade protection. It rates JSW Steel and SAIL Buy, and assigns Add to Tata Steel and Jindal Steel. It also initiates Positive coverage of ArcelorMittal. — [Source](https://www.livemint.com/market/stock-market-news/best-steel-stocks-to-buy-jsw-steel-sail-why-aditya-birla-capital-is-betting-on-capacity-growth-and-margin-recovery-11793090058300.html)
- 2026-10-27 — Mint: **Top stocks to watch today:  L&T, Maruti Suzuki, Paytm, REC shares in focus on Tuesday, 27 Oct | Full list** — Top stocks to watch today: Larsen & Toubro, Maruti Suzuki, Paytm, DCM Shriram, Tata Consumer among shares in focus on Tuesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-l-t-maruti-suzuki-paytm-rec-shares-in-focus-on-tuesday-27-oct-full-list-11793064919143.html)
- 2026-10-27 — Economic Times: **D-St set for a negative opening as GIFT Nifty signals weak start** — Benchmark Nifty gained on Monday, while broader markets also rallied amid ongoing geopolitical tensions. Analysts suggest that Indian stock markets will trade sideways until there is greater clarity on global developments. Foreign portfolio investors net sold shares, while domestic institutional investors were net buyers. The rupee depreciated for the third consecutive day, influenced by elevated crude oil prices. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135217191.cms)
- 2026-10-23 — Economic Times: **D-Street poised for a positive start as GIFT Nifty trades firmly higher** — Indian equity benchmarks experienced a third consecutive session of declines due to selling pressure. Global cues remained weak, impacting market sentiment and performance. A recovery is possible if the index reclaims 22,800, while immediate support is at 22,600. Foreign institutional investors were net buyers, but the rupee fell against the dollar amid rising crude oil prices. Investors are advised to assess levels carefully as market volatility persists. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135130077.cms)
- 2026-10-21 — Economic Times: **Pre-market action: Here's the trade setup for today's session** — On Monday, benchmark indices saw a downturn, erasing a brief recovery. The combination of weak global cues and profit-taking in the private banking and IT sectors weighed on investor confidence. Analysts suggested that immediate resistance is at 23,175, with support situated at 22,800. Foreign portfolio investors sold shares worth Rs 1,148 crore, while domestic institutional investors remained net buyers. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135073734.cms)
- 2026-10-19 — Economic Times: **Pre-market action: Here's the trade setup for today's session** — The Benchmark Nifty saw a 0.7% rise, signaling a continuation of its positive trajectory. Market analysts foresee a period of consolidation ahead, with a gradual uptick on the horizon. The key resistance levels for the index are 22,650 and 22,800, while support is noted at 22,500. Additionally, foreign portfolio investors recorded net buys of Rs 1,165 crore, contrasting with a trend of domestic outflows. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135036997.cms)
- 2026-10-18 — Economic Times: **Reports of sale false and misleading, says Bhilai Steel Plant amid Congress alleging Adani visit** — Bhilai Steel Plant, a unit of SAIL, has dismissed privatization rumors as false and misleading. The Ministry of Steel and PIB Fact Check confirmed that these reports are untrue. Allegations were made by Congress leader Bhupesh Baghel regarding a potential Adani Group visit to the plant. Concerns among employees and local residents over job security and plant future were raised. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/reports-of-sale-false-and-misleading-says-bhilai-steel-plant-amid-congress-alleging-adani-visit/articleshow/135030812.cms)
- 2026-10-17 — Times of India: **BSL operations hit as protesters seeking jobs block all entry gates** — Bokaro Steel Plant operations disrupted as displaced job seekers block all gates; officials estimate Rs 30 crore daily production loss and warn of shortages inside. — [Source](https://timesofindia.indiatimes.com/city/ranchi/bsl-operations-hit-as-protesters-seeking-jobs-block-all-entry-gates/articleshow/135016384.cms)
- 2026-10-15 — Times of India: **Displaced protesters block two Bokaro Steel Plant gates** — Displaced job-seekers block Bokaro Steel Plant gates as MLA Shwettaa Singh’s hunger strike hits day 6, seeking apprentice reinstatement and jobs policy. — [Source](https://timesofindia.indiatimes.com/city/ranchi/displaced-protesters-block-two-bokaro-steel-plant-gates/articleshow/134969232.cms)
- 2026-10-12 — BUSINESSTODAY: **Festive sale slowdown: Ecommerce sales fall nearly 10% as smartphone prices rise** — Amazon festive sales, Flipkart festive sales, festive sale, festive sale slowdown, India festive sale, electronics deals India, smartphone prices India, quick-commerce demand, premium smartphone sales, Indian festive market — [Source](https://www.businesstoday.in/technology/news/story/festive-sale-slowdown-ecommerce-sales-fall-nearly-10-as-smartphone-prices-rise-560954-2026-10-12)
- 2026-10-12 — BUSINESSTODAY: **SAIL, HZL, Jindal Steel, Tata Steel, Nalco, Hindalco shares jump up to 3%; top stock pick** — SAIL share price, HZL share price, Hindustan Zinc share price, Jindal Steel share price, Tata Steel share price, JSW Steel share price, metal stocks, draft steel policy — [Source](https://www.businesstoday.in/markets/stocks/story/sail-hindustan-zinc-jindal-steel-tata-steel-nalco-hindalco-shares-jump-up-to-3-top-stock-pick-560941-2026-10-12)
- 2026-10-10 — The Hindu: **SEPC inks ₹854 cr-order with SAIL in West Bengal** — SEPC signs ₹854 crore pellet plant project with SAIL at Burnpur, West Bengal, expanding its turnkey power, water, and metallurgy solutions. — [Source](https://www.thehindubusinessline.com/companies/sepc-inks-854-cr-order-with-sail-in-west-bengal/article71567802.ece)

## Business profile

**Strategic vision:** State-owned corporation engaged in steel manufacturing and distribution.

### Business segments
- **Integrated Steel Plants:** SAIL operates five integrated steel plants located at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur (Asansol), producing a wide range of steel products.
- **Special Steel Plants:** In addition to integrated plants, SAIL has three special steel plants in Salem, Durgapur, and Bhadravathi.
- **Ferro Alloy Plant:** A Ferro Alloy plant is situated in Chandrapur.

### Competitive strengths
- State-owned enterprise fully managed by the Government of India.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/sail
Markdown representation: https://faxioms.com/stocks/sail?render=md