S.A.L Steel

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

As of 12-Jun, S.A.L Steel Ltd's stock price is rising to 58.78 after a trend reversal, despite a prior decline. The stock has shown strong performance with a year-to-date increase of 35.31% and significant investor interest, indicated by a 91.88% rise in delivery volume.

As of 12-Jun, S.A.L Steel Ltd's stock price is rising, currently at 58.78, reflecting a change of 1.02 (1.77%) upwards. This increase comes after a trend reversal, as the stock has gained following three consecutive days of decline. Despite opening with a loss of 2.18% today, the stock reached an intraday high of Rs 60.39, indicating a recovery during the trading session. <BR><BR>The stock has shown significant performance over various periods, with a year-to-date increase of 35.31% and a remarkable 224.57% rise over the past year. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 91.88% compared to the five-day average, suggesting growing interest among investors. <BR><BR>The stock's volatility has been high today, with an intraday volatility of 6.06%, indicating active trading. Although the stock is currently trading below its 5-day and 20-day moving averages, it remains above the 50-day, 100-day, and 200-day moving averages, which may provide some technical support for the price. Overall, the combination of a trend reversal, increased investor participation, and strong historical performance contributes to the stock's rising price.

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

How big is S.A.L Steel?

As of 10th June, S.A.L Steel Ltd has a market capitalization of 861.00 Cr and reported net sales of 207.41 Cr with a net loss of 0.34 Cr over the latest four quarters. Shareholder's funds were 38.72 Cr and total assets were valued at 338.45 Cr as of March 2025.

As of 10th June, S.A.L Steel Ltd has a market capitalization of 861.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, S.A.L Steel reported net sales of 207.41 Cr. However, the company experienced a net loss of 0.34 Cr during this period.<BR><BR>The latest annual period for the balance sheet is March 2025, where shareholder's funds amounted to 38.72 Cr and total assets were valued at 338.45 Cr.

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

The management team of S.A.L Steel includes Chairman Rajendra V Shah, Whole-time Directors Sujal Shah, Babulal M Singhal, and Jai Prakash Goyal, along with several Independent Directors and the Company Secretary, Manish Daulani, providing a balanced governance structure.

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 brings a mix of executive and independent perspectives to the company's governance.

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

S.A.L Steel's peers include Sunflag Iron, Jai Balaji Inds., Maithan Alloys, and others. S.A.L Steel has the highest 1-year return at 223.71%, while Jai Balaji Inds. has the lowest at -37.60%.

Peers: The peers of S.A.L Steel are Sunflag Iron, Jai Balaji Inds., Maithan Alloys, Prakash Industri, Mukand, VISA Chrome, Neetu Yoshi, Manaksia Steels, Vraj Iron, and Jainam Ferro.<BR><BR>Quality Snapshot: Excellent management risk is observed at Neetu Yoshi, while Average management risk is found at Sunflag Iron, Jai Balaji Inds., Maithan Alloys, Manaksia Steels, and Vraj Iron, and the rest. Below Average management risk is present at Prakash Industri, Mukand, S.A.L Steel, and Jainam Ferro. Growth is Excellent at Jai Balaji Inds. and Neetu Yoshi, while Average growth is seen at Sunflag Iron, Manaksia Steels, and Vraj Iron, and the rest. Below Average growth is noted at Maithan Alloys, Prakash Industri, Mukand, S.A.L Steel, and Jainam Ferro. Capital Structure is Excellent at Maithan Alloys and Jainam Ferro, Good at Sunflag Iron, Neetu Yoshi, and Manaksia Steels, while Average capital structure is found at Jai Balaji Inds. and Vraj Iron, and Below Average at Prakash Industri, Mukand, and S.A.L Steel.<BR><BR>Return Snapshot: S.A.L Steel has the highest 1-year return at 223.71%, while Jai Balaji Inds. has the lowest at -37.60%. S.A.L Steel's return significantly outperforms its peers. Additionally, the six-month return is negative for VISA Chrome, Vraj Iron, and Mukand.

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 in the Ferrous Metals industry. As of March 2026, it reported net sales of 12 Cr and a net loss of 1 Cr, with a market cap of INR 861 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 as a manufacturer in the ferrous metals sector. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 12 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -1 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 861 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 2.38 <BR>Return on Equity: -9.68% <BR>Price to Book: 5.96<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

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

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

S.A.L. Steel Ltd's latest results are largely negative, showing a net loss of ₹1.02 crores in Q4 FY26 despite a significant sales increase. The company's high debt and operational challenges raise concerns about its financial health.

S.A.L. Steel Ltd's latest results present a mixed picture, but overall, they lean towards the negative side. In the fourth quarter of FY26, the company reported a net loss of ₹1.02 crores, which is a significant decline of 115.38% compared to the previous quarter. This loss occurred despite a remarkable 442.27% increase in net sales, which rose to ₹11.93 crores from ₹2.20 crores in the preceding quarter. <BR><BR>While the operating margin improved to 59.43%, this was primarily due to a low base effect rather than sustainable operational efficiency. The company's profitability is heavily impacted by high interest costs, which consumed a substantial portion of its sales, and a concerning debt-to-equity ratio of 6.03 times indicates significant financial strain.<BR><BR>Moreover, the year-on-year comparison reveals a troubling trend, with net sales plummeting 89.75% from ₹116.38 crores in Q4 FY25. This drastic decline highlights operational disruptions and challenges in the market environment.<BR><BR>In summary, while there was a notable increase in sales quarter-on-quarter, the overall financial health of S.A.L. Steel is concerning, characterized by losses, high debt, and operational volatility. Investors should approach with caution given these fundamental weaknesses.

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

The next results date for S.A.L Steel Ltd is 29 May 2026.

The next results date for S.A.L Steel Ltd is scheduled for 29 May 2026.

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.

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.

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.

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.

Has S.A.L Steel declared dividend?

No Dividend History Available