|
26 Mar 2025 |
SAIL
|
Consensus Share Price Target
|
114.70 |
109.27 |
- |
-4.73 |
hold
|
|
|
|
|
12 Aug 2022
|
SAIL
|
ICICI Direct
|
114.70
|
85.00
|
81.60
(40.56%)
|
Target met |
Hold
|
|
|
|
|
12 Aug 2022
|
SAIL
|
Axis Direct
|
114.70
|
75.00
|
81.60
(40.56%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on SAIL. We value the company at 4.0x FY24E EBITDA to arrive at a target price of Rs 75/share (Unchanged from the Previous TP), against the CMP of Rs 79/share. The TP implies a downside of 4% from the CMP.
|
|
11 Aug 2022
|
SAIL
|
ICICI Securities Limited
|
114.70
|
75.00
|
78.85
(45.47%)
|
Target met |
Sell
|
|
|
Steel Authority of India (SAIL) has reported better-than-expected EBITDA at ~Rs23bn led by higher-than-expected realisation increase QoQ.
|
|
11 Aug 2022
|
SAIL
|
Motilal Oswal
|
114.70
|
96.00
|
81.60
(40.56%)
|
Target met |
Buy
|
|
|
|
|
25 May 2022
|
SAIL
|
ICICI Direct
|
114.70
|
80.00
|
71.15
(61.21%)
|
Target met |
Hold
|
|
|
|
|
25 May 2022
|
SAIL
|
Axis Direct
|
114.70
|
75.00
|
71.15
(61.21%)
|
Target met |
Hold
|
|
|
We downgrade the rating on SAIL to HOLD from BUY and value it at 4.0x FY24E EBITDA to arrive at a target price of Rs 75/share (Rs 125/share earlier), against the CMP of Rs74/share.
|
|
25 May 2022
|
SAIL
|
Sharekhan
|
114.70
|
80.00
|
75.95
(51.02%)
|
Target met |
Hold
|
|
|
|
|
01 Apr 2022
|
SAIL
|
Ashika Research
|
114.70
|
115.00
|
102.15
(12.29%)
|
|
Buy
|
|
|
(Jharkhand) and Burnpur (West Bengal) having captive iron ore mines. It has 3 alloy steel plants at Durgapur (West Bengal), Salem (Tamil Nadu) and Bhadravati (Karnataka). Multi-located production units provide the company a competitive edge over the other domestic steel players. As the company operates 8 iron ore mines, it is self-sufficient to meet its iron ore...
|
|
11 Mar 2022
|
SAIL
|
ICICI Securities Limited
|
114.70
|
120.00
|
99.65
(15.10%)
|
|
Buy
|
|
|
The Russia Ukraine conflict has provided traction to global metal prices. During YTD CY22, a healthy rally has been witnessed in both ferrous and non-ferrous metals. During YTD CY22 (January 1-March 10, 2022), aluminium prices on the LME increased by ~21% to US$3409/tonne. On the ferrous front, during the above mentioned period, Chinese HRC export price increased by 13% YTDCY22 to US$855/tonne, domestic HRC price have increased by 9% YTDCY22 to | 69500/tonne and domestic CRC prices increased 16% YTDCY22 to | 80500/tonne. Going forward, we believe supply fears on the back of current geopolitical scenario...
|
|
11 Feb 2022
|
SAIL
|
Motilal Oswal
|
114.70
|
103.00
|
101.75
(12.73%)
|
Target met |
Buy
|
|
|
Revenue at INR252b (YoY/QoQ: +27%/-6%) was 7% higher than our estimate of INR237b driven by 6% beat on ASP and 1% beat on sales volume. Reported EBITDA for the quarter was at INR34.1b translating into an EBITDA/t of INR8,881 (down 27% YoY, down 46% QoQ). However, there are...
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