S.A.L Steel

When is the next results date for S.A.L Steel?

No Upcoming Board Meetings

What does S.A.L Steel do?

S.A.L. Steel Ltd manufactures Sponge Iron, Ferro Alloys, Manganese Steel, and Stainless Steel, operating as a Micro Cap company. As of March 2025, it reported net sales of 116 Cr and a net loss of 6 Cr.

Overview:<BR>S.A.L. Steel Ltd is engaged in manufacturing Sponge Iron, Ferro Alloys, Manganese Steel, and Stainless Steel, operating within the Ferrous Metals industry and categorized as a Micro Cap company.<BR><BR>History:<BR>Incorporated in 2003, S.A.L. Steel Ltd has maintained its status in the manufacturing sector, with the latest reported quarterly results for net sales and profit being for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 116 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: -6 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 154 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 33<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 2.74<BR>- Return on Equity: -5.02%<BR>- Price to Book: 3.42<BR><BR>Contact Details:<BR>Address: 5/1 Shreeji House 5th Floor, Behind M J Library Ashram Road Ahmedabad Gujarat : 380006<BR>Email: sal.investor@salsteel.co.in<BR>Website: http://www.salstel.co.in

Has S.A.L Steel declared dividend?

No Dividend History Available

Who are the peers of the S.A.L Steel?

S.A.L Steel's peers include JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, SAIL, Indsil Hydro, Vaswani Industri, Bihar Sponge, and KIC Metaliks. In terms of management risk, S.A.L Steel has below average risk, with a 1-year return of -4.77%, better than Tata Steel but worse than Lloyds Metals, which has the highest return at 105.66%.

Peers: The peers of S.A.L Steel are JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, SAIL, Indsil Hydro, Vaswani Industri, Bihar Sponge, and KIC Metaliks.<BR><BR>Quality Snapshot: Excellent management risk is observed at Lloyds Metals, while Good management risk is found at JSW Steel, Tata Steel, Jindal Steel, and SAIL, and the rest. Average management risk is present at Vaswani Industri and KIC Metaliks, while Below Average management risk is noted at S.A.L Steel, Indsil Hydro, and Chrome Silicon, and the rest. Growth is Excellent at Lloyds Metals, Good at S.A.L Steel, JSW Steel, and Indsil Hydro, Average at Tata Steel, Jindal Steel, and KIC Metaliks, Below Average at SAIL and Vaswani Industri, and the rest. Capital Structure is Excellent at Lloyds Metals, Good at Jindal Steel, Average at Tata Steel and KIC Metaliks, and Below Average at S.A.L Steel, JSW Steel, SAIL, Indsil Hydro, and Chrome Silicon, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lloyds Metals at 105.66%, while the lowest is Tata Steel at -9.04%. S.A.L Steel's 1-year return is -4.77%, which is better than Tata Steel's but worse than Lloyds Metals. Additionally, the six-month return is negative for S.A.L Steel, KIC Metaliks, and Chrome Silicon.

What is the technical trend for S.A.L Steel?

As of May 14, 2025, S.A.L Steel's technical trend is mildly bearish, with mixed signals from various indicators, including a bearish outlook from daily moving averages and Bollinger Bands, despite some mildly bullish signs on the weekly MACD and KST.

As of 14 May 2025, the technical trend for S.A.L Steel has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals across time frames. The Bollinger Bands are showing a mildly bearish trend on both weekly and monthly charts, reinforcing the bearish sentiment. Daily moving averages remain bearish, which adds to the negative outlook. The KST is mildly bullish on the weekly but mildly bearish on the monthly, indicating potential short-term strength but overall weakness. The Dow Theory shows a mildly bullish trend on the weekly but no trend on the monthly, suggesting uncertainty. The OBV is mildly bearish on the weekly with no trend on the monthly, further supporting the bearish stance. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and Bollinger Bands.

Who are in the management team of S.A.L Steel?

As of March 2022, the management team of S.A.L Steel includes Rajendra V Shah (Chairman), Sujal Shah, Babulal M Singhal (CFO), Jai Prakash Goyal (Whole-time Directors), and several independent directors, along with Manish Daulani as Company Secretary. This diverse team oversees the company's operations and governance.

As of March 2022, the management team of S.A.L Steel includes the following individuals:<BR><BR>1. Rajendra V Shah - Chairman (Non-Executive)<BR>2. Sujal Shah - Whole-time Director<BR>3. Babulal M Singhal - Whole Time Director & CFO<BR>4. Ambalal C Patel - Independent Director<BR>5. Harshad Shah - Independent Director<BR>6. Tejpal S Shah - Independent Director<BR>7. Srikant N Jhaveri - Independent Director<BR>8. Shefali M Patel - Independent Director<BR>9. Manish Daulani - Company Secretary & Compliance Officer<BR>10. Jai Prakash Goyal - Whole-time Director<BR><BR>This team comprises a mix of executive and independent directors, along with a compliance officer, overseeing the company's operations and governance.

Who are the top shareholders of the S.A.L Steel?

The top shareholders of S.A.L Steel are primarily promoters, with Shah Alloys Limited holding 35.61% and individual investors collectively owning 42.22%. The highest public shareholder is Jaideep Sampat, with a 1.56% stake.

The top shareholders of S.A.L Steel include the promoters, who hold a significant majority of the shares. The promoter with the highest holding is Shah Alloys Limited, which owns 35.61% of the company. Additionally, individual investors collectively hold 42.22% of the shares. There is also one foreign institutional investor (FII) involved, but they hold a negligible percentage (0.0%). The highest public shareholder is Jaideep Sampat, with a holding of 1.56%. Overall, the majority of the ownership is concentrated among the promoters and individual investors.

How big is S.A.L Steel?

As of 24th July, S.A.L Steel Ltd has a market capitalization of 139.00 Cr and reported Net Sales of 544.12 Cr, with a Net Profit loss of 6.43 Cr over the latest four quarters. Shareholder's Funds were 42.03 Cr and Total Assets were 283.89 Cr as of March 2024.

As of 24th July, S.A.L Steel Ltd has a market capitalization of 139.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, S.A.L Steel reported Net Sales of 544.12 Cr. However, the company experienced a loss of 6.43 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, where Shareholder's Funds amounted to 42.03 Cr and Total Assets were reported at 283.89 Cr.

Are S.A.L Steel latest results good or bad?

S.A.L Steel's latest results are disappointing, with a significant decline in Profit Before Tax (PBT) to Rs -12.94 crore and a drop in Profit After Tax (PAT) to Rs -9.67 crore, alongside a decrease in net sales and deteriorating profit margins. Overall, the financial performance indicates a challenging situation for the company.

S.A.L Steel's latest financial results for the quarter ending June 2025 indicate a challenging situation for the company. The Profit Before Tax (PBT) has significantly declined to Rs -12.94 crore, which is a drastic drop of 1543.2% compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) also fell sharply to Rs -9.67 crore, down 501.6% from the prior quarters.<BR><BR>The operating profit margin has deteriorated to -4.17%, marking its lowest point over the last five quarters. Additionally, net sales decreased by 6.3% to Rs 127.68 crore, which is below the average of Rs 136.25 crore from previous quarters. Rising interest costs, now at Rs 10.03 crore, have further strained the company's financial position.<BR><BR>While there was a slight improvement in net sales growth compared to the previous quarter, the overall financial performance reflects negative trends across multiple indicators. Therefore, the results can be characterized as disappointing and indicative of a challenging environment for S.A.L Steel.

Is S.A.L Steel overvalued or undervalued?

As of October 17, 2025, S.A.L Steel is considered very expensive and overvalued, with a PE ratio of -21.80 and an EV to EBITDA of 35.31, significantly higher than its peers like JSW Steel and Tata Steel, despite a strong year-to-date return of 32.25%.

As of 17 October 2025, S.A.L Steel's valuation grade has moved from expensive to very expensive, indicating a significant deterioration in its relative value. The company is currently overvalued, with a PE ratio of -21.80, a Price to Book Value of 7.38, and an EV to EBITDA ratio of 35.31. These ratios suggest that the stock is trading at a premium compared to its earnings and book value, which raises concerns about its sustainability.<BR><BR>In comparison to peers, S.A.L Steel's metrics stand out unfavorably; for instance, JSW Steel has a PE ratio of 55.74 and an EV to EBITDA of 14.62, while Tata Steel shows a PE of 44.31 and an EV to EBITDA of 11.44. This stark contrast highlights S.A.L Steel's overvaluation in the context of its industry. Despite a strong recent performance, with a year-to-date return of 32.25% compared to the Sensex's 7.44%, the underlying financial ratios indicate that the stock may not be justified at its current price level.

How has been the historical performance of S.A.L Steel?

S.A.L Steel's historical performance shows declining net sales and operating income, with a profit before tax turning negative at -7.31 Cr in March 2025, alongside a drop in earnings per share to -0.76. Despite some asset growth, the company faces significant challenges in profitability and cash flow.

Answer:<BR>The historical performance of S.A.L Steel shows fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>S.A.L Steel's net sales peaked at 576.64 Cr in March 2024 but decreased to 544.12 Cr by March 2025. Other operating income has significantly declined from 14.40 Cr in March 2023 to just 0.87 Cr in March 2025. Total operating income followed a similar trend, decreasing from 578.22 Cr in March 2024 to 544.99 Cr in March 2025. The raw material cost increased from 442.81 Cr in March 2024 to 467.74 Cr in March 2025, contributing to a total expenditure of 520.90 Cr in March 2025, down from 555.23 Cr the previous year. Operating profit (PBDIT) slightly improved to 24.09 Cr in March 2025 from 22.99 Cr in March 2024, while profit before tax turned negative at -7.31 Cr in March 2025, down from a profit of 0.64 Cr in March 2024. Consequently, profit after tax also fell to -6.43 Cr in March 2025 from 0.47 Cr in March 2024. The company's earnings per share (EPS) dropped to -0.76 in March 2025 from 0.06 in March 2024. On the balance sheet, total liabilities increased to 338.45 Cr in March 2025 from 283.89 Cr in March 2024, while total assets rose to 338.45 Cr from 283.89 Cr in the same period. Cash flow from operating activities turned negative at -21.00 Cr in March 2025, contrasting with a positive cash flow of 26.00 Cr in March 2024. Overall, S.A.L Steel's financial performance reflects significant challenges, particularly in profitability and cash flow, despite some stability in sales and asset growth.

Should I buy, sell or hold S.A.L Steel Ltd?

Which are the latest news on S.A.L Steel?

Why is S.A.L Steel Ltd falling/rising?

As of 08-Jan, S.A.L Steel Ltd's stock price is declining, currently at 40.60, reflecting a bearish trend with significant underperformance and low investor participation. Despite positive financial results reported for September 2025, these have not mitigated the recent negative price movements.

As of 08-Jan, S.A.L Steel Ltd's stock price is falling, currently at 40.60, which reflects a decrease of 0.82 or 1.98%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total return of -100% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.<BR><BR>Investor participation has also declined significantly, with a delivery volume of only 2.32k on January 6, which is a drop of 94.48% compared to the 5-day average delivery volume. This lack of investor interest further contributes to the stock's downward movement. <BR><BR>While the company has reported positive financial results for September 2025, including the highest operating profit to interest ratio and PBDIT, these factors have not been sufficient to counteract the recent negative price movements and overall market sentiment. Thus, the combination of consecutive price declines, low investor participation, and underperformance relative to the sector has led to the current falling stock price of S.A.L Steel Ltd.