Steel Authority of India (SAIL) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SAIL, BSE:500113 Steel Authority of India (SAIL) Ltd.

Steel Authority of India (SAIL) Ltd.

13 Dec 2021

131.71

0.53%

Expect demand revival in 4Q

Buy: Steel Authority of India (...

Target

Motilal Oswal

This quarter was impacted by several factors, seasonal and non-seasonal, resulting in lower-than-anticipated demand. The correction in international steel prices has been the key reason for poor demand as buyers have deferred purchases. Most of the buyers are waiting sideways and ordering only on an absolute requirement basis; no restocking demand is observed....

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

Steel Authority of India (SAIL) Ltd.

01 Nov 2021

131.71

0.53%

Steel Authority of India: Q2FY22 Result Review

Buy: Steel Authority of India (...

Target

IDBI Capital

SAIL's Q2FY22 result was ahead of our expectations; Its EBITDA/tonne jumped 2.7x YoY to Rs16,395 backed by strong improvement in realizations. Overall, EBITDA increased to Rs70 bn compared to EBITDA of Rs19 bn in Q2FY21. Importantly, SAIL's net debt fell by Rs133 bn to Rs219 bn in H1FY22 and the company aims to become net debt free by...

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

Steel Authority of India (SAIL) Ltd.

31 Oct 2021

131.71

0.53%

Q2FY22 Result Update - Higher costs led the miss; Debt falls to lowest levels since FY15 - ACCUMULATE

Accumulate: Steel Authority of India (...

Target

Prabhudas Lilladhar

Sentiments on Chinese demand turned negative across the major steel consuming sectors. While, the impact of lower demand has been equally negated by stringent curbs on production. Given the restricted supplies of Chinese steel in its domestic and exports markets, global steel prices are expected to remain elevated further supported by all-time high coking coal prices. As expected, margins were expected to soften due to unsustainably low coking coal prices. Margins are expected to stabilise at Rs10,000/t, higher by 30% over historical averages in spite of astronomical input prices. Strong...

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

Steel Authority of India (SAIL) Ltd.

09 Aug 2021

131.71

0.53%

Steel Authority of India: Q1FY22 Result Review

Buy: Steel Authority of India (...

Target

IDBI Capital

SAIL's Q1FY22 result was ahead of our expectations; EBITDA and PAT was 19%/22% higher than our forecast. Its EBITDA/tonne jumped to Rs19,728 as blended realization increased 51% YoY to Rs62,045/tonne. Overall, EBITDA increased to Rs66 bn compared to EBITDA loss of Rs4 bn in Q1FY21. However, the company has cut its FY22 sales volume guidance to 16.5 mn tonnes from 18 mn tonnes guided in Q4FY21....

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

Steel Authority of India (SAIL) Ltd.

09 Aug 2021

131.71

0.53%

Q1FY22 Result Update - Higher costs led the miss in earnings - ACCUMULATE

Accumulate: Steel Authority of India (...

Recommendation Target

Prabhudas Lilladhar

SAIL reported Q1FY22 EBITDA below our estimates by 7% while above consensus estimates (CE) by 6%. Miss on our estimates was largely due to higher than expected cost. We downgrade our EBITDA estimates for FY22e by 4.8% to factor higher coking coal cost and royalty on iron ore. While, we...

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

Steel Authority of India (SAIL) Ltd.

08 Aug 2021

131.71

0.53%

Biggest beneficiary of improved pricing

Buy: Steel Authority of India (...

Target

Motilal Oswal

Sales/EBITDA/adjusted PAT came in line with our estimate (-11%/+7%/+8% QoQ) at INR206.4b/INR65.6b/INR38.5b on higher realization, but was offset by lower volumes. Adjusting for the wage revision settlement of INR2.85b for FY21, adjusted EBITDA stood at INR68.5b, up 1% v/s our estimate. Sales volume declined by 24% QoQ to 3.33mt and was 2% below our estimate. The decline was much higher compared to its peers due to the spread of COVID-19 in plants and a maintenance shutdown at one of the plants. Crude steel production was lower by 17% QoQ to 3.77mt....

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

Steel Authority of India (SAIL) Ltd.

29 Jun 2021, 12:00AM

131.71

0.53%

SAIL

Buy: Steel Authority of India (...

Recommendation Target

ICICI Securities Limited

SAIL has iron ore mines in Chhattisgarh, Jharkhand and Odisha, which aids in meeting 100% of its iron ore requirements captively. Even on the expanded capacity, the company would be self-sufficient in meeting its iron ore requirements. Captive supply of iron ore aids in keeping SAIL's overall raw material costs under check. Also, currently, the relatively firm trend in steel prices augurs well for SAIL. We model EBITDA/tonne of | 12000/tonne...

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

Steel Authority of India (SAIL) Ltd.

12 Jun 2021

131.71

0.53%

Biggest beneficiary of improved pricing

Buy: Steel Authority of India (...

Target

Motilal Oswal

With steel prices at a record high, SAIL is poised to post its best ever EBITDA/t of ~INR20,000 in 1QFY22. We upgrade our FY22E/FY23E EBITDA estimate by 71%/33% to factor in higher steel prices, and estimate a further INR102b (INR25/share) fall in net debt to INR265b (1x EBITDA) in FY22E. We expect dividend payout to be strong at INR10/share in FY22E (7.5% yield), based on an expected 25% payout ratio. Reiterate Buy....

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

Steel Authority of India (SAIL) Ltd.

11 Jun 2021

131.71

0.53%

Steel Authority of India: Q4FY21 Result Review

Buy: Steel Authority of India (...

Recommendation Target

IDBI Capital

SAIL's Q4FY21 result was slightly ahead of our expectations; EBITDA was 4% higher than our forecast. Its EBITDA/tonne jumped 2x YoY to Rs13,984 as blended realization increased 22.5% YoY to Rs52,923/tonne. EBITDA increased 144% YoY to Rs61.5 bn led by higher realizations and volumes. Interest cost fell 41% YoY to Rs5.4 bn. Its net debt...

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

Steel Authority of India (SAIL) Ltd.

23 Mar 2021

131.71

0.53%

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.

Is Steel Authority of India (SAIL) Ltd. worth buying?

1840 Votes:

Buy 78.37%

Sell 10.49%

Hold 11.14%

RESEARCH REPORTS

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