# SAIL (SAIL) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹179.8
- Change: +2.74%
- As of: 2026-09-18
- 1D return: +1.33%
- 5D return: -3.49%
- 1M return: +1.39%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, SAIL's technical stance shows a mixed picture across different timeframes. The daily timeframe indicates a bearish trend, with the price below key moving averages like the 20-day EMA (₹182.26) and the 50-day SMA (₹175.45), and the Supertrend indicator also showing bearish. This is further supported by a daily Bullish Engulfing Reversal pattern observed on September 17, 2026, suggesting potential short-term upward price movement. In contrast, the monthly timeframe exhibits a bullish trend, with the price above the 20-day EMA (₹154.46) and the Supertrend indicator indicating bullish. The weekly timeframe presents a mixed signal, with the price below the 20-day EMA (₹176.38) but above the 50-day EMA (₹163.51), and the Supertrend indicator showing bullish. The stock is currently trading near its 50-day SMA of ₹175.45, which is also a resistance level. Nearest support is observed at the pivot level of ₹172.98, approximately 1.16% below the current price. Resistance is noted at ₹175.47, very close to the current price, followed by ₹177.38. The stock has experienced a current drawdown of -15% and a maximum drawdown of -22%, with annualized volatility at 36%. Key watch conditions include monitoring the price action around the ₹175.47 resistance level and the ₹172.98 support level. A sustained move above ₹175.47 could strengthen the bullish case, while a break below ₹172.98 might indicate further downside.

- The stock closed at ₹175.01 on September 17, 2026.
- Daily trend is bearish, with price below key moving averages and Supertrend.
- Monthly trend is bullish, with price above key moving averages and Supertrend.
- Nearest support is at ₹172.98 (pivot), and nearest resistance is at ₹175.47 (high).
- Watch for price movement around ₹175.47 resistance and ₹172.98 support levels.

- Bullish Engulfing Reversal
- Inside Bar
- Doji
- Harami
- Evening Star
- Bearish Engulfing Reversal

### News Context

Steel Authority of India Limited (SAIL) was mentioned in the context of dividend payouts and analyst ratings within the past week. On September 18, 2026, SAIL declared a dividend of ₹2.35 per share, representing a yield of 1.32%. This was highlighted in a comparison with NMDC's dividend. Separately, on September 18, 2026, Motilal Oswal included SAIL among their 'Buy' rated metal stocks, indicating potential upside. The broader steel sector saw news on September 13, 2026, regarding India's initiative to develop its first 100% hydrogen-powered Direct Reduced Iron (DRI) plant, a national pilot project aimed at reducing carbon emissions.

- On September 18, 2026, SAIL announced a dividend of ₹2.35 per share, yielding 1.32%.
- On September 18, 2026, Motilal Oswal rated SAIL as a 'Buy' among metal stocks, citing potential upside.
- On September 13, 2026, India launched a pilot project for its first 100% hydrogen-powered DRI plant to reduce carbon emissions in steel production.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Mining amendment is unfair to States
- NBCC India bags ₹145 crore orders across 5 key projects in Meghalaya, Jharkhand, Odisha
- India Pioneers 100% Hydrogen DRI Plant For Green Steel

### What Changed

Steel Authority of India Limited (SAIL) management is scheduled to engage with prospective investors in Mumbai on September 23 and 24, 2026, as announced on September 17, 2026. This follows a recent dividend declaration of ₹2.35 per share, yielding 1.32%. Separately, a financial services firm, Motilal Oswal, has assigned a 'Buy' rating to SAIL, alongside other metal stocks, indicating potential upside. The company's stock closed at ₹175.01 on September 17, 2026, a slight increase from its previous close of ₹173.55.

- Management to participate in non-deal roadshows with investors in Mumbai on September 23-24, 2026, as announced on September 17, 2026.
- SAIL declared a dividend of ₹2.35 per share, with a yield of 1.32%.
- Motilal Oswal has rated SAIL as a 'Buy', suggesting potential upside.
- The stock closed at ₹175.01 on September 17, 2026, up from ₹173.55 on the previous day.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Steel Authority of India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Official Filings

Steel Authority of India Limited (SAIL) has announced its 54th Annual General Meeting (AGM) will be held on September 24, 2026. This follows a recent upgrade in its long-term issuer rating by India Ratings and Research to 'IND AA+/Stable' from 'IND AA', effective September 3, 2026. The upgrade was attributed to improved operational performance in FY26-FY27, characterized by higher sales volumes, reduced production costs, and a net adjusted leverage decline to 2.97x in FY26. Looking ahead, SAIL plans significant capital expenditure of approximately ₹1,000 billion between FY27 and FY31, which may lead to a temporary increase in leverage to 3.5x-4.0x before deleveraging. Additionally, the company's management is scheduled to participate in non-deal roadshows with prospective investors in Mumbai on September 23 and 24, 2026. In a separate development, Ashish Chatterjee ceased to be a Non-Executive Nominee Director effective August 24, 2026.

- SAIL's 54th AGM is scheduled for September 24, 2026.
- India Ratings and Research upgraded SAIL's long-term issuer rating to 'IND AA+/Stable' on September 3, 2026, citing improved operational performance and reduced leverage.
- SAIL's net adjusted leverage was 2.97x in FY26.
- The company plans capital expenditure of approximately ₹1,000 billion between FY27 and FY31.
- Management will participate in investor roadshows on September 23 and 24, 2026.
- Ashish Chatterjee ceased as Non-Executive Nominee Director effective August 24, 2026.

- Steel Authority of India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- NAME(S)OF THE ACQUIRER AND ITS(PAC) : Life Insurance Corporation of India
- Steel Authority of India Limited has informed the Exchange about Credit Rating- Revision |SUBJECT: Credit Rating- Revision
- Steel Authority of India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Sameera Agro And Infra Limited has informed the Exchange regarding Outcome of Board Meeting held on August 31, 2026. |SUBJECT: Outcome of Board Meeting
- AS ON DATE : 01-SEP-26
- 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
- Steel Authority of India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Steel Authority of India Limited has informed the Exchange about General Updates- Intimation of AGM fir FY 2025-26 |SUBJECT: General Updates

### Fundamentals

Steel Authority of India (SAIL) reported a mixed operational performance in the recent quarters. Revenue from operations saw a sequential decline from ₹30,813.49 crore in Q4 FY2025-26 to ₹26,245.67 crore in Q1 FY2026-27. However, Profit Before Tax (PBT) showed resilience, increasing to ₹2,160.88 crore in Q1 FY2026-27 from ₹406.07 crore in Q3 FY2025-26, and ₹2,321.38 crore in Q4 FY2025-26. The company managed to control its Finance Costs, which decreased from ₹547.23 crore in Q3 FY2025-26 to ₹493.02 crore in Q1 FY2026-27. Despite the revenue dip in the latest quarter, Profit Loss For Period remained strong at ₹1,644.05 crore in Q1 FY2026-27, compared to ₹374.03 crore in Q3 FY2025-26. Investors may want to monitor the company's ability to sustain profitability amidst fluctuating revenues and manage its overall expense structure.

- Revenue from operations was ₹26,245.67 crore in Q1 FY2026-27, down from ₹30,813.49 crore in Q4 FY2025-26.
- Profit Before Tax stood at ₹2,160.88 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹1,644.05 crore in Q1 FY2026-27.
- Finance Costs decreased to ₹493.02 crore in Q1 FY2026-27 from ₹547.23 crore in Q3 FY2025-26.

### Bull Case

Steel Authority of India (SAIL) is noted by external analysts as a stock with potential upside, alongside other major steel producers. The company has also declared a dividend of ₹2.35 per share. On a longer-term technical basis, the monthly trend shows a bullish Supertrend indicator, suggesting a positive outlook over that timeframe. The stock has demonstrated a 1-year return of 32% and a Year-to-Date return of 18%.

- Motilal Oswal has assigned a 'Buy' rating to SAIL, indicating potential upside.
- SAIL declared a dividend of ₹2.35 per share.
- The stock has achieved a 1-year return of 32% and a Year-to-Date return of 18% as of the trade date.
- The monthly technical trend shows a bullish Supertrend indicator.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Mining amendment is unfair to States
- NBCC India bags ₹145 crore orders across 5 key projects in Meghalaya, Jharkhand, Odisha
- India Pioneers 100% Hydrogen DRI Plant For Green Steel

### Bear Case

Steel Authority of India (SAIL) exhibits several technical indicators suggesting potential headwinds. The daily trend shows the closing price of ₹175.01 is below the 20-day Exponential Moving Average (EMA) of ₹182.26, with a negative slope of -3.79 over 5 periods. The Average Directional Index (ADX) at 20.32 on a daily basis, coupled with a minus Directional Indicator (DI) of 29.2 against a plus DI of 16.79, indicates a weakening trend. Furthermore, the current drawdown stands at -15%, with a maximum drawdown observed at -22%, signaling potential downside risk. While the monthly trend shows a bullish Supertrend direction, the daily and weekly charts present cautionary signals regarding short-term momentum.

- On a daily basis, the closing price of ₹175.01 is below the 20-day EMA of ₹182.26, with a 5-period EMA slope of -3.79.
- The daily ADX is 20.32, with the minus DI at 29.2 and the plus DI at 16.79, suggesting a weakening trend.
- The company's current drawdown is -15%, and the maximum drawdown has reached -22%.
- The 10-year return is -11%, contrasting with a 1-year return of 32%.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Mining amendment is unfair to States
- NBCC India bags ₹145 crore orders across 5 key projects in Meghalaya, Jharkhand, Odisha
- India Pioneers 100% Hydrogen DRI Plant For Green Steel

### FAQs

**What is the recent credit rating update for Steel Authority of India Limited (SAIL)?**

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.

**What are the key technical indicators for SAIL as of September 17, 2026?**

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.

**What dividend has SAIL declared recently?**

Steel Authority of India (SAIL) declared a dividend of ₹2.35 per share, which represents a yield of 1.32%.

**What is SAIL's planned capital expenditure and its potential impact on leverage?**

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.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Mining amendment is unfair to States
- NBCC India bags ₹145 crore orders across 5 key projects in Meghalaya, Jharkhand, Odisha
- India Pioneers 100% Hydrogen DRI Plant For Green Steel
- Steel Authority of India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- NAME(S)OF THE ACQUIRER AND ITS(PAC) : Life Insurance Corporation of India
- Steel Authority of India Limited has informed the Exchange about Credit Rating- Revision |SUBJECT: Credit Rating- Revision
- Steel Authority of India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Sameera Agro And Infra Limited has informed the Exchange regarding Outcome of Board Meeting held on August 31, 2026. |SUBJECT: Outcome of Board Meeting
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹174.75
- Risk regime: Price Risk Requires Attention

### Support levels
- 175.96249999999998
- 158.01
- 141.3

### Resistance levels
- 188.835
- 200.96
- 209.075

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.33% |
| return_10 | -9.98% |
| return_1m | +4.19% |
| return_1y | +33.15% |
| return_20 | +1.39% |
| return_3m | -2.65% |
| return_5 | -3.49% |
| return_6m | +14.84% |
| return_since_start | +57.03% |
| return_ytd | +19.45% |

### 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 | +35.92% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue flat year-over-year, profit more than doubles

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.

## Revenue and profit divergence

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.

## Expense and finance cost movements

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.

## Segment profitability

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.

## Sequential comparison

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_17092026163910_Roadshow.pdf)
- 2026-09-08 — Regulatory Filing: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Disclosure_1_09082026123134_53121.zip)
- 2026-09-03 — Credit Rating Update: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_03092026212058_cr.pdf)
- 2026-09-02 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_02092026163017_postdespatchadv.pdf)
- 2026-08-31 — Generic Announcement: Sameera Agro And Infra Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAMEERAAGROANDINFRA_31082026141629_SAIL_BOARD_MEETING_OUTCOME.pdf)
- 2026-08-31 — Generic Announcement: Sameera Agro And Infra Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAMEERAAGROANDINFRA_31082026141133_SAIL_BOARD_MEETING_OUTCOME.pdf)
- 2026-08-31 — Annual Report: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_30999_SAIL_2025_2026_A_11180123_01092026165801.pdf)
- 2026-08-27 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_746_WebXMLFile_20260827_180423555.xml)
- 2026-08-25 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_25082026162407_predespatchadvt_agm202526.pdf)
- 2026-08-21 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_21082026130720_BSE_AGMDATE_RECORDDATE.pdf)
- 2026-08-21 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_21082026130528_BSE_AGMDATE_RECORDDATE.pdf)
- 2026-08-11 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_11082026155541_SAILREPLY_RUMOURFPO.pdf)
- 2026-08-10 — Generic Announcement: Steel Authority of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_10082026172453_SAILREPLY_RUMOURFPO.pdf)
- 2026-08-01 — Generic Announcement: Steel Authority of India Limited (SAIL) released the transcript of its Q1 FY27 earnings conference call held on July 28, 2026. The company reported crude steel production of 4.8 million tonnes and sales volume of 4.2 million tonnes for Q1 FY27, with EBITDA at INR 4,356 crores, a 50% increase year-over-year. SAIL maintained its full-year volume guidance and expects continued growth. The company also provided updates on capital expenditure, with a target of INR 15,000 crores for the current year, increasing to over INR 20,000 crores next year. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_01082026155848_transcipt_infose.pdf)
- 2026-07-30 — Generic Announcement: SAIL clarified that a legally and commercially non-binding MOU was signed with Krakatau Steel, Indonesia on July 6, 2026, to explore a joint venture for manufacturing stainless steel slabs in Indonesia. This information was publicly disclosed on July 8-12, 2026. SAIL stated that a July 29, 2026, Economic Times article was a repeat of earlier news and did not trigger the share price movement on that date. SAIL is unaware of any unannounced information that could explain the trading price movement on July 29, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_30072026102012_Image_005.pdf)
- 2026-07-30 — Generic Announcement: SAIL clarified that a legally and commercially non-binding MOU was signed with Krakatau Steel, Indonesia on July 6, 2026, to explore a joint venture for manufacturing stainless steel slabs in Indonesia. This information was publicly disclosed on July 8-12, 2026. SAIL stated that a July 29, 2026, Economic Times article was a repeat of earlier news and did not trigger the share price movement on that date. SAIL is unaware of any unannounced information that could explain the trading price movement on July 29, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_30072026114401_Image_005.pdf)
- 2026-07-29 — Official Filing: Garware Technical Fibres Limited will hold a board meeting on August 5, 2026, to approve the unaudited financial results for the quarter ending June 2026.
- 2026-07-28 — Generic Announcement: Steel Authority of India Limited (SAIL) informed that a conference call was held on July 28, 2026, to discuss the company's results for the quarter ended June 30, 2026. The audio recording of this call with Analysts and Investors is available on the company's website at https://sail.co.in/en/investors-relation/performance-highlights. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_28072026171705_audio.pdf)
- 2026-07-27 — Earnings Presentation: For Q1 FY'27, the company reported a turnover of Rs. 26,010 crore and revenue from operations of Rs. 26,246 crore. EBITDA was Rs. 4,356 crore, with an EBITDA margin of 16.7%. Profit Before Tax (PBT) was Rs. 2,159 crore, and Profit After Tax (PAT) was Rs. 1,636 crore. The company's debt stood at Rs. 31,970 crore (IndAS), with a Debt Service Coverage Ratio (DSCR) of 1.66 and an Interest Coverage Ratio of 4.80. Earnings Per Share (EPS) was Rs. 3.96. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_27072026131821_perf_high_revised.pdf)
- 2026-07-27 — Generic Announcement: Steel Authority of India Limited published its unaudited financial results for the quarter ended June 30, 2026, in multiple newspapers on July 25, 2026. This publication fulfills the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_27072026132007_adv.pdf)
- 2026-07-24 — Generic Announcement: Steel Authority of India Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on July 24, 2026. The results show revenue from operations of ₹26,245.64 crore for the standalone entity and ₹26,451.21 crore for the consolidated entity for the quarter. The filing also noted that the company's board composition did not meet the required number of independent and non-executive directors, and it lacked a woman director, leading to non-compliance with certain SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_24072026184459_finres_q1202627.pdf)
- 2026-07-24 — Earnings Presentation: For Q1 FY'27, the company reported a turnover of Rs. 26,010 crore and revenue from operations of Rs. 26,246 crore. EBITDA was Rs. 4,356 crore, with an EBITDA margin of 16.7%. Profit Before Tax (PBT) was Rs. 2,159 crore, and Profit After Tax (PAT) was Rs. 1,636 crore. The company's Debt (IndAS) stood at Rs. 31,970 crore, with a Debt Service Coverage Ratio (DSCR) of 1.66 and an Interest Coverage Ratio of 4.80. Earnings Per Share (EPS) was Rs. 3.96. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_24072026185259_perfhigh_q1202627.pdf)
- 2026-07-23 — Generic Announcement: Steel Authority of India Limited (SAIL) has rescheduled its Analyst and Institutional Investor Meet, originally planned for July 28, 2026, at 11:00 AM. The meet will now take place on the same date, July 28, 2026, but at 9:30 AM, via conference call. The purpose of the meet is to discuss the company's financial results for the quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_23072026173400_concallinvite_intchangeschedule.pdf)
- 2026-07-22 — Generic Announcement: Steel Authority of India Limited (SAIL) will hold an Analyst and Institutional Investor Meet on July 28, 2026, at 11:00 AM via conference call to discuss financial results for the quarter ended June 30, 2026. This follows a previous communication dated July 20, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAIL_22072026163212_concallinvite_june2026.pdf)
- 2026-07-21 — Official Filing: STEEL AUTHORITY OF INDIA LIMITED reported a change in management on July 21, 2026, following a board meeting held on July 6, 2026. The designated persons involved in this management change are Shome & Banerjee, Niran & Company, and Narsimha Murthy & Co.

## News and market events

- 2026-09-18 — CNBC-TV18: **Tata Steel gets court protection for ₹2,970 crore SDF payment till appeal disposal** — Shares of Tata Steel Ltd ended at ₹184.75, down by ₹3.25, or 1.73%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/tata-steel-share-price-gets-court-protection-for-rs-2970-crore-sdf-payment-till-appeal-disposal-19993910.htm)
- 2026-09-18 — Mint: **Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date** — 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 — [Source](https://www.livemint.com/market/stock-market-news/dividend-comparison-maharatna-sail-vs-navratna-nmdc-yield-psu-stocks-performance-ahead-of-record-date-11789714024443.html)
- 2026-09-18 — Mint: **Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price** — 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. — [Source](https://www.livemint.com/market/stock-market-news/metal-stocks-to-buy-tata-steel-jsw-steel-among-motilal-oswal-s-top-picks-up-to-17-upside-check-target-price-11789707590645.html)
- 2026-09-16 — The Hindu: **Mining amendment is unfair to States** — 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 — [Source](https://www.thehindu.com/opinion/op-ed/mining-amendment-is-unfair-to-states/article71473968.ece)
- 2026-09-15 — CNBC-TV18: **NBCC India bags ₹145 crore orders across 5 key projects in Meghalaya, Jharkhand, Odisha** — Shares of NBCC (India) Ltd ended at ₹80.60, down by ₹2.45, or 2.95%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/nbcc-india-share-price-bags-rs-145-crore-orders-across-5-key-projects-in-meghalaya-jharkhand-odisha-19991047.htm)
- 2026-09-13 — REDIFF.COM: **India Pioneers 100% Hydrogen DRI Plant For Green Steel** — 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. — [Source](https://www.rediff.com/business/report/csir-immt-to-lead-indias-first-100-hydrogen-dri-plant/20260913.htm)
- 2026-09-11 — BUSINESS: **Nifty below 23,350; metal shares under pressure** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-below-23-350-metal-shares-under-pressure-126091100434_1.html)
- 2026-09-10 — BUSINESSTODAY: **Tata Steel, JSW Steel, SAIL, Jindal Steel: Top metal stocks to buy; check fresh targets & more** — Stocks in news, Stocks to watch, Stocks in buzz, Stocks to buy, Jindal Steel, JSW Steel, Tata Steel, Steel Authority of India, SAIL, Jindal Steel shares, JSW Steel shares, Tata Steel shares, SAIL shares, Jindal Steel share price, JSW Steel share price, Tata Steel share price, SAIL share price, Jindal Steel stock price, JSW Steel stock price, Tata Steel stock price, SAIL stock price, Jindal Steel target price, JSW Steel target price, Tata Steel target price, SAIL target price — [Source](https://www.businesstoday.in/markets/stocks/story/tata-steel-jsw-steel-sail-jindal-steel-top-metal-stocks-to-buy-check-fresh-targets-more-554604-2026-09-10)
- 2026-09-08 — Mint: **Steel prices hit four-year high despite seasonal weakness; outlook brightens** — Steel prices in India hit a four-year high, driven by strong demand and supply constraints.  — [Source](https://www.livemint.com/market/mark-to-market/steel-prices-india-hrc-rebar-prices-11788848872945.html)
- 2026-09-06 — MONEYCONTROL: **Trade Setup for September 7: Top 15 things to know before the opening bell** — Nifty Trade Setup for September 7,Bank Nifty Trade Setup for September 7,NSE Nifty,India VIX,Bank Nifty — [Source](https://www.moneycontrol.com/news/business/markets/trade-setup-for-september-7-top-15-things-to-know-before-the-opening-bell-14023714.html)
- 2026-09-04 — DECCANCHRONICLE.COM: **Demand For Captive Mines, Merger With SAIL** — Committee representatives D. Adinarayana, Ch. Narsingarao, P.V. Ramana Murthy and Varasala Srinivasa Rao said the Centre had allocated Rs 11,400 crore, but alleged that the funds were largely being used for bank payments instead of machinery repairs, plant development and workers’ welfare. — [Source](https://www.deccanchronicle.com/southern-states/andhra-pradesh/demand-for-captive-mines-merger-with-sail-1984971)
- 2026-09-04 — Economic Times: **SAIL output grows 8 per cent in August; sales up 13 per cent** — Steel Authority of India Limited has announced an impressive eight percent increase in crude steel production, with total sales surging by thirteen percent in the same timeframe. Notably, the company has made substantial reductions in its overall borrowings. This financial enhancement comes after the reporting date of March 31, 2026. SAIL continues to hold its status as a top player in India's steel industry. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/sail-output-grows-8-per-cent-in-august-sales-up-13-per-cent/articleshow/133766990.cms)
- 2026-09-04 — IANSLIVE.IN: **Business News: Economy & Markets | IANS Live** — Latest business news on finance, stock markets, and global economy. Read updates on IPOs and banking at IANS Live. — [Source](https://ianslive.in/category/business/1)
- 2026-09-04 — BUSINESSTODAY: **SAIL gets credit rating upgrade; stock reaction and what led to the upgrade** — SAIL, Steel Authority of India, SAIL credit rating, India Ratings, SAIL rating upgrade, IND AA+, SAIL capex, SAIL debt, SAIL Ebitda, SAIL capacity expansion — [Source](https://www.businesstoday.in/markets/stocks/story/sail-gets-credit-rating-upgrade-stock-reaction-and-what-led-to-the-upgrade-553342-2026-09-04)
- 2026-09-03 — Mint: **Stocks to buy for short term: 23,600 key support for Nifty 50, says Amol Athawale of Kotak Securities, suggests 3 stocks | Stock Market News** — Amol Athawale from Kotak Securities highlights crucial support levels for the Nifty 50 and suggests three stocks poised for a short-term rebound. With a robust technical foundation, traders can expect potential gains if certain pricing thresholds are met. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-23-600-key-support-for-nifty-50-says-amol-athawale-of-kotak-securities-suggests-3-stocks-11788406128492.html)
- 2026-09-02 — Mint: **LIC’s SAIL holding slips below 5% after insurer offloads 8.26 crore shares | Company Business News** — LIC has reduced its stake in SAIL from 6.625% to 4.625% after selling over 8.26 crore shares through market transactions, taking its holding below 5%. — [Source](https://www.livemint.com/companies/lics-sail-holding-slips-below-5-per-cent-after-insurer-offloads-8-26-crore-shares-11788363706040.html)
- 2026-08-31 — BUSINESSTODAY: **TCS, Engineers India, SAIL among top stocks to buy; check price targets, upside potential & more** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to trade, Steel Authority of India, Engineers India, Tata Consultancy Services, TCS, SAIL,  SAIL shares, Engineers India shares, TCS shares, SAIL share price, Engineers India share price, TCS share price, SAIL stock price, Engineers India stock price, TCS stock price, SAIL target price, Engineers India target price, TCS target price, SMIFS stock picks, SMC Global stock picks, Should I buy SAIL stock, Should I buy TCS stock — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-engineers-india-sail-among-top-stocks-to-buy-check-price-targets-upside-potential-more-552132-2026-08-31)
- 2026-08-28 — MONEYCONTROL: **Foreign funds sit on Rs 1.86 lakh short contracts as Nifty coils for a breakout** — foreign funds, stock market, nifty stock contracts, india stock market — [Source](https://www.moneycontrol.com/news/business/markets/foreign-funds-sit-on-rs-1-86-lakh-short-contracts-as-nifty-coils-for-a-breakout-14017498.html)
- 2026-08-27 — CNBC-TV18: **Long steel prices could rise further; Axis Capital prefers Jindal Steel over SAIL** — Axis Capital's Amit Murarka says long steel prices, up sharply over the past month and a half, still have room to rise as post-monsoon demand returns and coking coal costs climb. He favors Jindal Steel over SAIL to play the rally and names JSW Steel as the sector's top structural pick. — [Source](https://www.cnbctv18.com/market/long-steel-rally-room-to-run-axis-capital-amit-murarka-prefers-jindal-jsw-steel-sail-hrc-rebar-prices-19978269.htm)
- 2026-08-26 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: SAIL** — Sensex, Nifty, Stock Price Live Updates: The short-term outlook is bullish for Steel Authority of India Limited (SAIL). The stock has surged over 5 per cent so far this week breaking above a key resistance level of ₹180. This marks the end of the corrective fall that was in place since June. A cup and handle pattern on the daily chart also strengthen the bullish case. The level of ₹180 will now act as a good support and limit the downside. SAIL share price can rise to ₹202-₹205 from here. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-26th-august-2026/article71389623.ece)
- 2026-08-25 — Economic Times: **New mines law seeks to bring tax uniformity** — A new Mines and Minerals Act, 2026, aims to standardize mining taxation across India. This legislation seeks to bring uniformity and predictability to financial viability for mining activities. It addresses pending retrospective levies, providing greater certainty and confidence to the industry. The move follows a Supreme Court verdict allowing states to levy additional taxes. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/new-mines-law-seeks-to-bring-tax-uniformity/articleshow/133522057.cms)
- 2026-08-19 — MONEYCONTROL: **Trade Setup for August 20: Top 15 things to know before the opening bell** — NIfty Trade Setup for August 20,Bank Nifty Trade Setup for August 20,NSE Nifty,India VIX,Bank Nifty — [Source](https://www.moneycontrol.com/news/business/markets/trade-setup-for-august-20-top-15-things-to-know-before-the-opening-bell-14010697.html)
- 2026-08-19 — Economic Times: **Indian steel mills face margin squeeze as global coking coal prices rise** — Indian steelmakers face margin pressure from higher coking coal prices. Supply disruptions in Australia and China raise steelmaking costs significantly. These increased costs could delay capacity expansion plans for mills. Higher import demand also contributes to rising transport and freight expenses. Companies are diversifying imports while seeking new supply sources. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/indian-steel-mills-face-margin-squeeze-as-global-coking-coal-prices-rise/articleshow/133341259.cms)
- 2026-08-13 — BUSINESSTODAY: **Why Vietnam and Taiwan emerged as key steel export markets** — India steel exports,FY26 steel export data,steel production India,finished steel exports,steel export markets Vietnam Taiwan,Indian steel industry growth,steel export statistics India,net steel exporter India,steel production by state India,Indian steel companies market share — [Source](https://www.businesstoday.in/latest/economy/story/why-vietnam-and-taiwan-emerged-as-key-steel-export-markets-549052-2026-08-13)
- 2026-08-11 — CNBC-TV18: **MMDR amendment bill: NMDC, SAIL could benefit from cap on state mining levies** — Vikash Singh, VP at ICICI Securities, and Rakesh Arora, founder of GoIndiaStocks.com, said companies with older mining leases could benefit if the Centre puts a cap on additional levies imposed by state governments. However, the extent of the benefit will depend on where the government sets the cap. — [Source](https://www.cnbctv18.com/market/mmdr-amendment-bill-nmdc-sail-could-benefit-from-cap-on-state-mining-levies-19966364.htm)

## 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.

## Related stocks

- [ADANIENT (Metals)](https://faxioms.com/stocks/adanient) — +1.94%
- [GALLANTT (Metals)](https://faxioms.com/stocks/gallantt) — +2.21%
- [GPIL (Metals)](https://faxioms.com/stocks/gpil) — -2.20%
- [HINDALCO (Metals)](https://faxioms.com/stocks/hindalco) — +0.47%
- [HINDCOPPER (Metals)](https://faxioms.com/stocks/hindcopper) — +2.43%

## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

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