Steel Authority of India logo

Steel Authority of India share price

NSE: SAILBSE: 500113Ferrous MetalsMid Cap

Steel Authority of India Limited · Face value ₹10 · Listed Oct 1992 on BSE, Jul 1995 on NSE
Last close ₹162.00down ₹9.20 (5.37%)BSE ₹161.80

Share price at the NSE close on 28 Oct 2026. Previous close ₹171.20.

28 Oct: open ₹169.00, high ₹169.30, low ₹161.00

52-week range of traded prices to 28 Oct 2026
₹124.00Low, 19 Dec 2025₹209.70High, 14 May 2026
Market cap
₹66,915 Cr153rd largest listed
P/E
11.94
P/B
1.07
Dividend yield
1.45%
ROE
9.3%
ROCE
10.6%
Debt to equity
0.33
Volume, NSE
2,41,46,69739.7% delivered

Steel Authority of India share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+22.6%over a year · Nifty Metal +11.1% · Nifty 500 −8.8%

ResultsDividend20-session average 1,62,27,529 shares a day, 40.4% delivered

About Steel Authority of India

Steel Authority of India Limited (SAIL) is a public sector steel maker in India with Maharatna status, which gives a state-owned company more freedom to invest.1 It makes flat and long products, from hot-rolled and cold-rolled coils and plates to TMT bars (reinforcing bars for concrete), wire rods and structural sections, plus stainless steel.234 Its steel goes into railways, defence, power, roads, bridges and housing across the country.5

It runs integrated steel plants at Bhilai, Durgapur, Rourkela, Bokaro and Burnpur, special steel plants at Durgapur, Salem and Bhadravati, and a ferro alloy plant at Chandrapur.67 It mines its own iron ore, limestone, dolomite and some coal, from groups of mines in Jharkhand and Odisha and a group serving its Bhilai plant.86 It has international offices in Dubai and Mozambique.9 Its Research and Development Centre for Iron & Steel in Ranchi developed 28 new steel products in the year to Mar 2026.1011 It had 49,752 employees on 1 Apr 2026.12

It was incorporated in 1973.13 Its subsidiaries are SAIL Refractory Company Limited and Chhattisgarh Mega Steel Limited, and it has joint ventures in power generation, rail wagons, slag cement and overseas coking coal supplies.149

The Government of India is the promoter and held 65.00% of the shares on 31 Mar 2026.15 Its shares are listed on the NSE and BSE, and it is also listed on the London Stock Exchange.6

Steel Authority of India key points

Results

  • In the quarter to Jun 2026, revenue from operations was ₹26,246 crore, EBITDA (profit before interest, tax, depreciation and amortisation) ₹4,356 crore against ₹2,925 crore a year earlier, and profit after tax ₹1,636 crore against ₹685 crore.1617
  • SAIL's EBITDA per tonne was ₹10,464 in the quarter to Jun 2026, above the ₹10,000 mark, and the EBITDA margin was 16.7% on turnover of ₹26,010 crore.1819
  • On a consolidated basis, revenue from operations was ₹1,10,810.84 crore in the year to Mar 2026, against ₹1,02,479.06 crore a year earlier.20
  • In the year to Mar 2026, sales turnover ₹1,09,966 crore, EBITDA ₹13,146 crore (margin 11.95% on turnover) and profit after tax ₹3,233 crore as the company presents it, up about 51%.2122

Business segments

  • Consolidated sales of products to outside customers by plant, year to Mar 2026 (₹ crore)2324
    Itemyear to Mar 2026
    Bhilai30,501.79
    Rourkela23,842.73
    Bokaro23,372.31
    IISCO, Burnpur12,669.91
    Durgapur10,902.29
    Salem1,978.88
    Alloy Steels, Durgapur823.86
    Visvesvaraya, Bhadravati184.19
    Others5,689.74
    Total1,09,965.70
    Each plant is a reporting segment.

Plants and capacity

  • SAIL's crude steel production reached 19.43 million tonnes and saleable steel 19.18 million tonnes in the year to Mar 2026, the highest on record.25
  • SAIL's crude steel production was 4.8 million tonnes in the quarter to Jun 2026, against 4.9 million tonnes a year earlier, as major repairs at the Burnpur, Durgapur and Bokaro plants were brought forward.26

Mines and raw materials

  • SAIL's own mines produced a record 38.07 million tonnes of iron ore in the year to Mar 2026 and met 100% of its iron ore needs.2728
  • Most coking coal (used to make coke for blast furnaces) is imported: 2.180 million tonnes came from Indian sources and about 16.50 million tonnes from imports in the year to Mar 2026.29
  • SAIL sold 3.013 million tonnes of iron ore in the open market in the year to Mar 2026; iron ore sales were ₹574 crore in the quarter to Jun 2026, against ₹157 crore a year earlier.3031
  • A Supreme Court judgment of November 2025 gave Jharkhand 3 months to notify the Saranda Wildlife Sanctuary. As of its annual report of 1 Sep 2026, future operations there depended on it; no outcome is given.32

Customers and partners

  • The company has met all of Indian Railways' demand for rails for decades.33
  • On a standalone basis, sales to the central government, a group of buyers including Indian Railways, were ₹11,234.33 crore in the year to Mar 2026, against ₹10,357.67 crore a year earlier.34
  • SAIL's exports were about 3 lakh tonnes in the year to Mar 2026, up about 162%; the company is turning to Nepal, Bhutan, South-East Asia and Europe.3536

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that it plans to raise crude steel capacity from about 19 to about 35 MTPA (million tonnes a year) by Mar 2031; all 14 technological packages (plant contracts) for Burnpur are awarded.37
  • The company stated in its annual report for the year to Mar 2026 that capital spending was ₹9,187 crore that year, with ₹15,000 crore planned for the year to Mar 2027.38
  • The company stated in its annual report for the year to Mar 2026 that it plans to expand the Gua iron ore mine from 4 to 10 MTPA and targets February 2027 for a 3.5 MTPA washery at its Tasra coal block.39
  • SAIL's total borrowings fell by ₹5,012 crore to ₹31,922 crore in the year to Mar 2026, and the debt-to-equity ratio (borrowings divided by shareholders' funds) was 0.55.40

What the company expects

  • On its earnings call of 28 Jul 2026, the company said it is maintaining its full-year volume guidance, expecting growth over the year to Mar 2026, with production in each remaining quarter above a year earlier.4142
  • On its earnings call of 28 Jul 2026, the company said it targets iron ore sales of 8 million tonnes in the year to Mar 2027; it holds about 32 million tonnes of sub-grade fines (ore fines of lower iron content).4344

Recent events

  • CareEdge revised its outlook on the company's long-term bank facilities rating to Positive from Stable, reaffirmed its other ratings and withdrew its bond rating.4546
  • It signed a memorandum of understanding with Bharat Coking Coal Limited to jointly develop and operate its Indikatta Ramnagore coal block and BCCL's East of Damagoria (Kalyaneshwari) block in West Bengal.47
  • India Ratings and Research upgraded its long-term issuer rating to IND AA+ with a Stable outlook, from IND AA.48
  • The board approved seeking the withdrawal of the Visvesvaraya Iron and Steel Plant and the Alloy Steels Plant from strategic disinvestment (sale of control to a buyer), approved in principle in October 2016.49

Last updated

All 49 sources, each with its page
  1. 1. Annual report, 1 Sep 2026, page 277
  2. 2. Annual report, 1 Sep 2026, page 63
  3. 3. Annual report, 1 Sep 2026, page 38
  4. 4. Annual report, 1 Sep 2026, page 24
  5. 5. Annual report, 1 Sep 2026, page 7
  6. 6. Annual report, 1 Sep 2026, page 216
  7. 7. Annual report, 1 Sep 2026, page 210
  8. 8. Annual report, 1 Sep 2026, page 231
  9. 9. Annual report, 1 Sep 2026, page 40
  10. 10. Annual report, 1 Sep 2026, page 72
  11. 11. Annual report, 1 Sep 2026, page 24
  12. 12. Annual report, 1 Sep 2026, page 30
  13. 13. Annual report, 1 Sep 2026, page 14
  14. 14. Annual report, 1 Sep 2026, page 45
  15. 15. Annual report, 1 Sep 2026, page 210
  16. 16. Investor presentation, 19 Sep 2026, page 2
  17. 17. Earnings call, 28 Jul 2026, page 4
  18. 18. Earnings call, 28 Jul 2026, page 4
  19. 19. Investor presentation, 19 Sep 2026, page 2
  20. 20. Annual report, 1 Sep 2026, page 306
  21. 21. Annual report, 1 Sep 2026, page 6
  22. 22. Annual report, 1 Sep 2026, page 7
  23. 23. Annual report, 1 Sep 2026, page 374
  24. 24. Annual report, 1 Sep 2026, page 88
  25. 25. Annual report, 1 Sep 2026, page 24
  26. 26. Earnings call, 28 Jul 2026, page 4
  27. 27. Annual report, 1 Sep 2026, page 26
  28. 28. Annual report, 1 Sep 2026, page 7
  29. 29. Annual report, 1 Sep 2026, page 26
  30. 30. Annual report, 1 Sep 2026, page 26
  31. 31. Earnings call, 28 Jul 2026, page 12
  32. 32. Annual report, 1 Sep 2026, page 62
  33. 33. Annual report, 1 Sep 2026, page 27
  34. 34. Annual report, 1 Sep 2026, page 151
  35. 35. Annual report, 1 Sep 2026, page 27
  36. 36. Annual report, 1 Sep 2026, page 62
  37. 37. Annual report, 1 Sep 2026, page 30
  38. 38. Annual report, 1 Sep 2026, page 30
  39. 39. Annual report, 1 Sep 2026, page 27
  40. 40. Annual report, 1 Sep 2026, page 7
  41. 41. Earnings call, 28 Jul 2026, page 6
  42. 42. Earnings call, 28 Jul 2026, page 17
  43. 43. Earnings call, 28 Jul 2026, page 11
  44. 44. Earnings call, 28 Jul 2026, page 7
  45. 45. Exchange filing, 7 Oct 2026, page 3
  46. 46. Exchange filing, 7 Oct 2026, page 2
  47. 47. Exchange filing, 25 Sep 2026, page 1
  48. 48. Exchange filing, 3 Sep 2026, page 2
  49. 49. Annual report, 1 Sep 2026, page 40

Results

Consolidated; ₹ crore.Steel Authority of India quarterly results

Revenue growth, 12 months
+9.4%
Net profit growth, 12 months
+119.2%

Quarter to Sep 2026, against the quarter before

Revenue
₹31,998 Crup 21.92%
Net profit
₹1,750 Crup 6.47%
Net margin
5.5%

Revenue by quarter

₹24,490 CrDec 24₹29,316 CrMar 25₹25,922 CrJun 25₹26,704 CrSep 25₹27,371 CrDec 25₹30,813 CrMar 26₹26,246 CrJun 26₹31,998 CrSep 26
Peak revenue ₹31,998 Cr, quarter to Sep 2026; lowest ₹24,490 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹142 CrDec 24₹1,251 CrMar 25₹745 CrJun 25₹419 CrSep 25₹374 CrDec 25₹1,835 CrMar 26₹1,644 CrJun 26₹1,750 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue24,49029,31625,92226,70427,37130,81326,24631,998
Net profit1421,2517454193741,8351,6441,750
Net margin0.6%4.3%2.9%1.6%1.4%6.0%6.3%5.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Bhilai Steel Plant₹31,873 Crdown 4.67%26.5%
  • Bokaro Steel Plant₹27,407 Crup 21.02%22.8%
  • Rourkela Steel Plant₹25,859 Crup 7.34%21.5%
  • IISCO Steel Plant₹13,065 Crup 3.76%10.9%
  • Durgapur Steel Plant₹11,580 Crdown 5.13%9.6%
  • Salem Steel Plant₹2,023 Crup 3.43%1.7%
  • Alloy Steel Plant₹1,235 Crdown 1.43%1.0%
  • Visvesaraya Iron & Steel Plant₹259 Cr0.2%
  • Others₹6,965 Crup 112.54%5.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Steel Authority of India PE ratio and valuation

Price to earnings

At or below today's level on 45% of 1,940 trading days since Aug 2018.

LowestHighest
Its median13.20Industry median15.53
Price to book

At or below today's level on 82% of 1,978 trading days since Nov 2018.

LowestHighest
Its median0.75Industry median2.07
Dividend yield

At or below today's level on 69% of 2,463 trading days over the last 10 years.

LowestHighest
Its median1.00%Industry median0.57%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+33.0%+42.3%−7.6%1.6%
3 years+23.8%+15.7%+5.7%1.5%
5 years+17.0%−4.0%+18.8%3.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2023, Mar 2025 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Steel Authority of India shareholding pattern

Shareholding by group

  • Promoters65.00%
  • Foreign institutions7.31%
  • Indian institutions16.49%
  • Individuals and others11.20%
Holder
PRESIDENT OF INDIAPromoter65.00%
LICI ASM NON PARInsurance companies4.30%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.22 pts, Indian institutions −0.37 pts, mutual funds +1.21 pts.

Mutual fund holdings

216 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 134 of the 158 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 216 funds holding Steel Authority of India

Bought for the first time
4
Bought again
2
Added
78
Cut
80
Held unchanged
51
Sold out
7
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Steel Authority of India insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Steel Authority of India competitors and peers

Iron & Steel, 15 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Steel Authority of India in market cap.Metal stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
JSW Steel logoJSW SteelJSWSTEEL3,03,53010.672.68+14.1%+371.9%29.0%14.3%0.57%
Tata Steel logoTata SteelTATASTEEL2,11,30919.152.07+10.5%+143.1%11.4%11.9%2.36%
Jindal Steel logoJindal SteelJINDALSTEL1,06,91537.462.04+25.5%+4.1%5.6%8.3%0.19%
Jindal Stainless logoJindal StainlessJSL56,23816.862.65+11.7%+20.6%17.0%16.0%0.59%
Sarda Energy & Minerals logoSarda Energy & MineralsSARDAEN16,04014.202.18+5.9%+20.8%16.5%14.6%0.44%
NMDC Steel logoNMDC SteelNSLNISP11,479137.200.87+41.6%–0.6%2.7%0.00%
Vedanta Iron and Steel logoVedanta Iron and SteelVISL10,386–1.78––––0.00%
Sandur Manganese & Iron Ores logoSandur Manganese & Iron OresSANDUMA8,25611.512.54+45.2%+45.7%24.5%24.4%0.29%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Steel Authority of India dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 17Mar 180.5Mar 19Mar 202.8Mar 218.8Mar 221.5Mar 232Mar 241.6Mar 252.4Mar 26
Highest ₹8.75 a share, year to Mar 2022.
Ex-dateTypePer share
30 Sep 2026Final₹2.35
8 Sep 2025Final₹1.60
19 Sep 2024Final₹1.00
20 Feb 2024Interim₹1.00
20 Sep 2023Final₹0.50
24 Mar 2023Interim₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Steel Authority of India announcements

Steel Authority of India share price by year

Each calendar year to 2025.Steel Authority of India share price history

YearClose at year endChangeHighest closeLowest close
2025146.99+29.9%146.99100.02
2024113.13−8.5%174.35108.80
2023123.65+49.6%123.6580.80
202282.65−22.9%113.0064.90
2021107.20+44.7%146.3056.95
202074.10+72.7%74.1020.40
201942.90−23.9%59.2530.05
201856.35−38.8%100.3550.05
201792.15+86.9%92.7550.50
201649.30+2.0%55.2534.45
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026169.10173.95167.01171.20170.591,93,79,56134.2%
26 Oct 2026164.10170.04162.11169.80165.301,57,62,49040.9%
23 Oct 2026169.00169.50161.31164.34164.001,44,52,73835.3%
22 Oct 2026168.50170.84165.85169.75169.141,14,69,69241.3%
21 Oct 2026171.00172.72166.50169.50170.021,53,52,10647.5%
19 Oct 2026171.00171.70168.30168.97169.7042,31,99236.1%
16 Oct 2026170.00172.50168.50170.95170.7676,44,17234.4%
15 Oct 2026170.00170.64168.58170.29169.6952,50,82536.0%
14 Oct 2026172.77173.58170.00170.00171.5881,58,62048.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Offer for sale history

Ex-dateEventPrice factorWhat happened
4 Jun 2024Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson
Ashok Kumar Panda
At the end of the quarter to Sep 2026
NSE symbol
SAIL
BSE code
500113
ISIN
INE114A01011
Industry
Ferrous Metals
CIN
L27109DL1973GOI006454
Corporate identity number, the registrar of companies' code for it
Incorporated
1973
Registered office
Ispat Bhawan, Lodi Road, New Delhi 110003, Delhi
Share registrar
MCS Share Transfer Agent Ltd
Keeps the register of shareholders and handles transfers and dividend payments