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As of 6 Nov 2026, S.A.L. Steel trades at 71.8× trailing earnings, above the industry P/E of 19.9×, and the shares are 12% below their 52-week high. Sales fell 25% a year over 3 years; its ROCE of 4.0% is the lowest among the 7 largest Steel peers. Debt is 2.38× equity. It is a small-cap company with a market cap of ₹1,309 Cr, ranked 51st of 150 Steel companies by market cap; the shares rose 121% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹92.38
Day high
₹92.50
Day low
₹86.70
Prev. close
₹88.73
Volume
10.8 L

Health check

1 good · 5 to check
  • ReturnsAhead

    +121.4% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 71.8 vs industry 19.9.

  • GrowthShrinking

    Sales −25.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 4.0% vs peer median 18.7%.

  • Balance sheetStretched

    Debt 2.38× equity, interest covered 1.0×, Piotroski 3 of 9.

  • Red flags5 to check

    Return on equity is low at −0.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹1,309 Cr, #51 of 150 in its industry by size.

Moves with the market

Beta 1.14 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹167 Cr · profit ₹12 Cr
Market cap
₹1,309 Cr
Small cap
P/E
71.8
Industry 19.9
Price to book
8.99
Peers 2.28
Dividend yield
0.00%
ROE
−0.4%
Peers 23.4%
ROCE
4.0%
Peers 18.7%
Debt to equity
2.38
Debt ₹349 Cr
EPS (TTM)
₹1.26
Face value ₹10
OPM (TTM)
20.1%
Net margin 7.4%
Sales growth
−31.5%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
7.83
EV/EBITDA 50.0

Strengths and risks

Strengths

  • Promoter stake up from 61.5% to 71.0%.

Risks to check

  • Return on equity is low at −0.4%.
  • Debt is 2.38× equity.
  • Quarterly sales down 31.5% on a year ago.
  • P/E of 71.8 against an industry P/E of 19.9.
  • Interest coverage of only 0.7×.

Derived automatically from reported figures. Not a recommendation.

About S.A.L. Steel

S.A.L. Steel Limited manufactures and sells ferro alloys and sponge iron in India. The company offers low silicon and high carbon ferro chrome products for use in steelmaking. It also provides direct reduced iron for use as a substitute for scrap in induction and electric arc furnaces. The company was incorporated in 2003 and is based in Gurugram, India. S.A.L. Steel Limited operates as a subsidiary of Sree Metaliks Limited.

Headquarters
Gurugram
Employees
443
Sector
Basic Materials
ISIN
INE658G01014
Website
salsteel.co.in

Price range

52 weeks

₹33.10₹102.40

Today

₹86.70₹92.50
Avg volume (3M)
7.3 L
1-year return
plus 121.4%
From 52-week high
minus 11.7%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
SALSTEELS.A.L. Steel90.43plus 1.92%1,30971.8113.64.0%12.3%2.38−25.2%plus 121.4%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
12865.72.211.987.4
13352.82.24.873.8
−5.313−07.113.6
−4.2%19.7%−1.8%59.4%15.5%
0000−0
4.95.15.74.66.3
2.72.72.72.82.8
––16.1––
−12.95.17.7−0.34.5
25.2%27.3%13.9%−277.8%31.8%
−9.73.76.6−13.1
-1.140.440.68-0.070.21

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−25.2%
ROE
−0.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
496577544207
–+16.3%minus 5.6%minus 61.9%
484554525193
11.222.719.414.6
2.3%3.9%3.6%7.0%
11.60.34.2−0.2
7.812.716.220
9.59.610.610.9
––−4.216
5.50.6−7.3−0.4
35.8%26.9%12.1%10.9%
3.50.5−6.4−0.4
–minus 86.8%minus 1468.1%–
0.420.06-0.76-0.04

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
858585145
−44.4−42.9−46.21.9
125125178349
111117122126
277284338621
139143152323
3.211182
2.63.22.20
0.20.20.20.5
131136184116
277284338621

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8.426.2−21.1−84.3
−2.1−13.5−18.2−175
−7−12.738.9259
−0.70−0.40.3
−2.2−13.6−18.6−175
6.212.6−39.7−259

Shareholding pattern

Source: NSE filings
71.0%
promoters
  • Promoters70.98%
  • Public29.02%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202670.98%29.02%0.00
30 Jun 202670.98%29.02%0.00
31 Mar 202670.98%29.02%0.00
14 Feb 202670.98%29.02%plus 9.51
31 Dec 202561.47%38.53%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you