S.A.L Steel

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.

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.

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

The next results date for S.A.L Steel Ltd is 14 February 2026.

The next results date for S.A.L Steel Ltd is scheduled for 14 February 2026.

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

S.A.L Steel Ltd's latest results show a net profit of ₹3.73 crores, a recovery from a previous loss, and improved operating margins. However, the company faced a significant revenue decline of 48.47% quarter-on-quarter, raising concerns about demand in the ferrous metals sector.

S.A.L Steel Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹3.73 crores for Q2 FY26, marking a significant recovery from a loss of ₹9.68 crores in the previous quarter. This turnaround in profitability is a positive sign and reflects improved operational efficiency, as evidenced by an operating margin that surged to 19.73%, up from a negative margin in the prior quarter.<BR><BR>However, the revenue figures tell a different story. The company experienced a dramatic decline in revenue, with net sales dropping 48.47% quarter-on-quarter and 46.77% year-on-year, bringing total revenue down to ₹65.73 crores. This sharp decline raises concerns about demand conditions in the ferrous metals sector and suggests potential challenges ahead.<BR><BR>While the profit recovery and margin expansion are commendable, the significant revenue drop indicates underlying issues that could affect future performance. Investors should weigh these contrasting trends carefully when assessing the overall health of S.A.L Steel Ltd.

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

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

As of 17-Mar, S.A.L Steel Ltd's stock price is Rs 38.05, down 4.99%, reflecting a broader trend of underperformance with significant recent losses and declining investor interest. The stock has fallen consecutively for three days and is currently below several key moving averages, indicating a bearish short-term outlook.

As of 17-Mar, S.A.L Steel Ltd's stock price is falling, currently at Rs 38.05, reflecting a decrease of Rs 2.0 or 4.99%. This decline is part of a broader trend, as the stock has underperformed significantly over various periods, including a 1-week drop of 11.57% and a 1-month decline of 21.40%. The stock has also been on a consecutive fall for the last three days, accumulating a total loss of 11.53% during this timeframe.<BR><BR>Today's trading session saw the stock open with a loss of 4.62%, reaching an intraday low of Rs 38.05. Additionally, the stock's performance today has underperformed its sector by 8.23%. The trading volume indicates a lack of investor interest, with delivery volume plummeting by 95.99% compared to the 5-day average. Although the stock is trading above its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a bearish trend in the short term.<BR><BR>Overall, the combination of significant recent losses, poor performance relative to the sector, and declining investor participation contributes to the falling stock price of S.A.L Steel Ltd.

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

As of 18-Mar, S.A.L Steel Ltd's stock price is at 37.19, down 2.44% and has declined 13.53% over the last four days and 23.79% over the past month. Investor interest has waned significantly, with trading volumes dropping sharply, indicating a challenging performance relative to historical returns and the broader market.

As of 18-Mar, S.A.L Steel Ltd's stock price is falling, currently at 37.19, which represents a decrease of 0.93 or 2.44%. The stock has been underperforming significantly, with a consecutive fall over the last four days, resulting in a total decline of 13.53% during this period. Additionally, the stock has experienced a substantial drop of 23.79% over the past month, compared to a smaller decline of 8.40% in the benchmark Sensex.<BR><BR>Investor participation has also decreased, with delivery volume on 17 March falling by 83.47% against the five-day average, indicating reduced interest in trading the stock. While the stock is trading above its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a short-term downward trend. Overall, these factors contribute to the stock's decline, reflecting a challenging performance relative to both its historical returns and the broader market.

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

As of 19-Mar, S.A.L Steel Ltd's stock price is rising to 37.29 after a trend reversal, but it has seen significant declines over the past week and month. Despite outperforming its sector recently, mixed performance indicators and decreased investor participation suggest ongoing challenges.

As of 19-Mar, S.A.L Steel Ltd's stock price is rising, currently at 37.29, with a change of 0.1 (0.27%) upward. This increase comes after a trend reversal, as the stock has gained after four consecutive days of decline. Additionally, it has outperformed its sector by 3.55%. Despite the stock's recent positive movement, it is important to note that it has experienced significant declines over the past week and month, with losses of 13.30% and 22.04%, respectively. <BR><BR>The stock's current price is higher than the 200-day moving averages but lower than the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed performance in the short term. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 96.05% against the 5-day average, which may suggest reduced interest from investors. Overall, while the stock is currently rising, it faces challenges from recent performance trends and declining investor engagement.

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

As of 20-Mar, S.A.L Steel Ltd's stock price is rising to 36.94, following five days of decline, but it has underperformed its sector today. Despite recent losses over the past week and month, the stock has shown significant growth over the past year and longer periods, although mixed signals and declining investor participation may affect future performance.

As of 20-Mar, S.A.L Steel Ltd's stock price is rising, currently at 36.94, reflecting a change of 0.22 (0.6%) upward. This increase comes after a trend reversal, as the stock has gained after five consecutive days of decline. Despite this recent uptick, the stock has underperformed its sector by 2.34% today. <BR><BR>Looking at the broader context, the stock has experienced significant declines over the past week and month, with losses of 12.36% and 21.20%, respectively. However, it has shown remarkable growth over the past year, with a 96.80% increase. The stock's performance over three and five years is also strong, with gains of 150.44% and 952.42%, respectively.<BR><BR>Additionally, while the stock is currently above the 200-day moving average, it is below the shorter-term moving averages (5-day, 20-day, 50-day, and 100-day), indicating mixed signals regarding its recent performance. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 96.36% compared to the five-day average, which may impact future price movements. Overall, the recent rise in price appears to be a corrective movement following a period of decline, amidst a backdrop of strong long-term performance.

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

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

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