|
23 Mar 2025 |
SAIL
|
Consensus Share Price Target
|
115.30 |
109.27 |
- |
-5.23 |
hold
|
|
|
|
|
20 Feb 2023
|
SAIL
|
BOB Capital Markets Ltd.
|
115.30
|
95.00
|
86.05
(33.99%)
|
Target met |
Hold
|
|
|
Q3 marks recovery in line with peers; production uptick helped SAIL partly bridge the gap with existing capacity
|
|
16 Feb 2023
|
SAIL
|
Axis Direct
|
115.30
|
93.00
|
85.80
(34.38%)
|
Target met |
Buy
|
|
|
Recommendation: We upgrade from HOLD to BUY on a less capex intensive phase for at least a couple of years, operations reaching rated capacity.
|
|
16 Feb 2023
|
SAIL
|
ICICI Direct
|
115.30
|
90.00
|
85.80
(34.38%)
|
Target met |
Hold
|
|
|
|
|
16 Feb 2023
|
SAIL
|
ICICI Securities Limited
|
115.30
|
77.00
|
84.15
(37.02%)
|
|
Sell
|
|
|
Steel Authority of India’s (SAIL) Q3FY23 performance was in line with consensus estimates. Key takeaways: 1) Sales volume growth was relatively muted (compared to peers) at 8.1% YoY as the company targeted domestic market; 2) it is operating at rated capacity of 19.5mtpa;
|
|
15 Feb 2023
|
SAIL
|
Motilal Oswal
|
115.30
|
95.00
|
84.15
(37.02%)
|
Target met |
Neutral
|
|
|
|
|
14 Nov 2022
|
SAIL
|
Axis Direct
|
115.30
|
78.00
|
86.45
(33.37%)
|
Target met |
Hold
|
|
|
We value the company at 5.0x (From 4.0x earlier, on valuation support) FY24E EBITDA to arrive at a target price of Rs 78/share (Rs 75/share earlier), against the CMP of Rs 86/share. The TP implies a downside of 9% from the CMP.
|
|
14 Nov 2022
|
SAIL
|
ICICI Securities Limited
|
115.30
|
65.00
|
85.50
(34.85%)
|
|
Sell
|
|
|
Steel Authority of India’s (SAIL) Q2FY23 performance missed street estimate (of Rs12.4bn). Key takeaways: 1) Sales volume rose 34% QoQ at 4.21mnte as the company targeted domestic market.
|
|
13 Nov 2022
|
SAIL
|
Motilal Oswal
|
115.30
|
80.00
|
86.45
(33.37%)
|
Target met |
Neutral
|
|
|
|
|
13 Nov 2022
|
SAIL
|
ICICI Direct
|
115.30
|
90.00
|
85.50
(34.85%)
|
Target met |
Hold
|
|
|
|
|
30 Aug 2022
|
SAIL
|
BOB Capital Markets Ltd.
|
115.30
|
90.00
|
81.30
(41.82%)
|
Target met |
Hold
|
|
|
Expect full benefits of Rs 600bn expansion to flow by FY25; doubling of capacity needed to align employee cost with peers
|