Steel Authority of India (SAIL) Ltd. News and Updates

Name: Latest research reports of Steel Authority of India (SAIL) Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Steel Authority of India (SAIL) Ltd.
Rating: 5
Author: Motilal Oswal

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Steel Authority of India (SAIL) Ltd.

31 Mar 2021

136.52

0.13%

From JSW to SAIL, major steel companies' stocks show strong upside

Business Standard

Brokerages bullish on improving cycle and higher prices

Steel Authority of I.. has an average target of 125.83 from 6 brokers.

Steel Authority of India (SAIL) Ltd.

25 Mar 2021

136.52

0.13%

SAIL best stock to play higher steel prices, say analysts

Economic Times

According to analysts, Steel Authority of India (SAIL) is the best play as the company is backward integrated with captive iron ore and has a higher financial leverage.

Steel Authority of I.. has an average target of 125.83 from 6 brokers.

Steel Authority of India (SAIL) Ltd.

24 Mar 2021, 03:12PM

136.52

0.13%

Buy SAIL; target of Rs 104: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on SAIL recommended buy rating on the stock with a target price of Rs 104 in its research report dated March 23, 2021.

Steel Authority of India (SAIL) Ltd. is trading above all available SMAs

Steel Authority of India (SAIL) Ltd.

24 Mar 2021, 12:23PM

136.52

0.13%

Strong steel realizations support SAIL's profitability, debt reduction prospects

livemint

Firm steel prices have continued to drive prospects and the company has seen a significant turnaround in profitability post coming out of the lockdown

Steel Authority of I.. has an average target of 125.83 from 6 brokers.

Steel Authority of India (SAIL) Ltd.

23 Mar 2021

136.52

0.13%

Best play on higher steel prices

Buy: Steel Authority of India (...

Target

Motilal Oswal

We see Steel Authority of India (SAIL) as the best play on higher steel prices as it: 1) is backward integrated with captive iron ore, 2) has a higher operating leverage due to high conversion cost, and 3) has a higher financial leverage. With limited capex, higher pricing should drive significant deleveraging and boost equity value. We estimate net debt to decline by INR232b (INR56/sh, 76% of CMP) over FY20-23E to INR305b. We also expect higher dividend payouts going forward (implying ~5% yield), supported by strong FCF of INR19/sh (25% yield). We are raising our FY22E/FY23E EBITDA estimate by 34%/37% and TP by 28% on expectation of higher realization and volumes. The...

Number of FII/FPI investors increased from 233 to 288 in Jun 2025 qtr.

Steel Authority of India (SAIL) Ltd.

17 Mar 2021

136.52

0.13%

SAIL

Buy: Steel Authority of India (...

ICICI Securities Limited

Number of FII/FPI investors increased from 233 to 288 in Jun 2025 qtr.

Steel Authority of India (SAIL) Ltd.

09 Feb 2021

136.52

0.13%

SAIL spend on mines infructuous; laxity high in safety measures: CAG report

Business Standard

State-owned firm neither applied technical due diligence nor did techno-commercial study to assess viability before allotment of its two captive coal blocks, says report

Steel Authority of India (SAIL) Ltd. is trading above all available SMAs

Steel Authority of India (SAIL) Ltd.

04 Feb 2021

136.52

0.13%

Accumulate Steel Authority of India; target of Rs 66: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended accumulate rating on Steel Authority of India with a target price of Rs 66 in its research report dated February 01, 2021.

Steel Authority of I.. has an average target of 125.83 from 6 brokers.

Steel Authority of India (SAIL) Ltd.

31 Jan 2021

136.52

0.13%

Steel Authority of India: Q3FY21 Result Review

Hold: Steel Authority of India (...

Recommendation Target

IDBI Capital

SAIL reported remarkable turnaround in its profitability for Q3FY21, beating our and street profitability forecasts. Its EBITDA/tonne jumped 4x YoY to Rs12,235 as realization increased 11% YoY to Rs44,737/tonne. Its EBITDA increased nearly 4x YoY to Rs51 bn led by higher realizations and lower coking coal costs. Interest cost decreased by 21% YoY to Rs6.7 bn. Net profit was lower than our forecast by 37% at Rs13 bn due to higher than expected tax rate at 65%. Its net debt fell to Rs440 bn as of December...

Number of FII/FPI investors increased from 233 to 288 in Jun 2025 qtr.

Steel Authority of India (SAIL) Ltd.

31 Jan 2021

136.52

0.13%

Biggest beneficiary of improved pricing

Buy: Steel Authority of India (...

Recommendation Target

Motilal Oswal

SAIL's result highlights strong gains from higher steel prices in the business model 3QFY21 EBITDA was up 147% YoY to INR50.8b, the highest ever. Net debt also fell sharply by 12% QoQ to INR443.0b. Spot steel prices are ~INR7,000/t, above the 3QFY21 average, which should drive 24% QoQ growth in EBITDA in 4QFY21, even after factoring in wage...