SAL Steel
SALSTEEL NSE
SAL Steel
CommoditiesNSE: SALSTEEL BSE: 532604 Ferrous Metals
Key Fundamentals
MicrocapSponge IronMetals & MiningMarket Cap
₹1,078 Cr
Volatility
Moderate
P/E Ratio
62.87
EBITDA
₹14.52 Cr
Return on Equity
-16.59%
Debt to Equity
2.37
Book Value
₹10.13
52W High
₹86.25
52W Low
₹26.1
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
7- Stock is trading at 7.39 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.17% over past five years.
- Company has a low return on equity of -10.4% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.16.1 Cr.
- Working capital days have increased from 112 days to 293 days
Growth Rate
Revenue Growth
-61.94% lower than
3Y
Net Income Growth
-93.91% higher than
3Y
Cash Flow Change
-180% higher than
3Y
ROE
—
ROCE
-28.05% level than
3Y
EBITDA Margin (Avg.)
47.06% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 157 | 130 | 139 | 111 | 124 | 194 | 117 | 128 | 65.73 | 2.2 | 11.97 | 87.37 |
| Expenses | 148 | 151 | 127 | 130 | 105 | 118 | 182 | 117 | 133 | 52.76 | 2.23 | 4.89 | 73.82 |
| Operating Profit | 5.64 | 5.77 | 2.27 | 9.3 | 5.98 | 5.87 | 12.09 | -0.15 | -5.31 | 12.97 | -0.03 | 7.08 | 13.55 |
| OPM % | 3.67% | 3.68% | 1.75% | 6.67% | 5.4% | 4.75% | 6.24% | -0.13% | -4.16% | 19.73% | -1.36% | 59.15% | 15.51% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | -4.16 | 0 | 0 | 0 | 16.09 | 0 | 0 |
| Interest | 3.14 | 3.2 | 3.22 | 3.17 | 3.18 | 3.22 | 4.87 | 5.1 | 4.93 | 5.14 | 5.67 | 4.57 | 6.25 |
| Depreciation | 2.38 | 2.4 | 2.38 | 2.46 | 2.6 | 2.55 | 2.58 | 2.84 | 2.69 | 2.7 | 2.69 | 2.79 | 2.77 |
| PBT | 0.12 | 0.17 | -3.33 | 3.67 | 0.2 | 0.1 | 0.48 | -8.09 | -12.93 | 5.13 | 7.7 | -0.28 | 4.53 |
| Tax % | 16.67% | 17.65% | -25.53% | 26.43% | 20% | 40% | 241.67% | -26.21% | -25.21% | 27.29% | 13.9% | 267.86% | 31.79% |
| Net Profit | 0.1 | 0.14 | -2.48 | 2.7 | 0.16 | 0.06 | -0.68 | -5.97 | -9.67 | 3.73 | 6.63 | -1.03 | 3.09 |
| EPS in Rs | 0.01 | 0.02 | -0.29 | 0.32 | 0.02 | 0.01 | -0.08 | -0.7 | -1.14 | 0.44 | 0.61 | -0.07 | 0.21 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 363 | 327 | 361 | 446 | 571 | 408 | 301 | 505 | 496 | 577 | 544 | 207 | 167 |
| Expenses | 337 | 304 | 351 | 440 | 562 | 426 | 301 | 509 | 487 | 555 | 521 | 193 | 134 |
| Operating Profit | 26 | 23 | 10 | 6 | 9 | -18 | 0 | -4 | 8 | 21 | 23 | 15 | 34 |
| OPM % | 7% | 7% | 2.7% | 1.4% | 1.6% | -4.5% | -0.1% | -0.7% | 1.7% | 3.7% | 4.3% | 7% | 20% |
| Other Income | -47 | -31 | 2 | 66 | -19 | 44 | 22 | 29 | 14 | 2 | -3 | 16 | 16 |
| Interest | 30 | 12 | 1 | 1 | 2 | 2 | 0 | 0 | 8 | 13 | 17 | 20 | 22 |
| Depreciation | 9 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 10 | 10 | 11 | 11 | 11 |
| PBT | -59 | -29 | 4 | 64 | -19 | 17 | 12 | 16 | 6 | 1 | -7 | 0 | 17 |
| Tax % | 28% | 0% | 75% | 34% | 16% | 7% | 7% | 29% | 36% | 26% | -12% | -10% | — |
| Net Profit | -76 | -29 | 1 | 42 | -22 | 16 | 12 | 12 | 4 | 0 | -6 | 0 | 12 |
| EPS in Rs | -8.93 | -3.39 | 0.1 | 4.99 | -2.54 | 1.87 | 1.36 | 1.36 | 0.42 | 0.06 | -0.76 | -0.02 | 1.19 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 145 |
| Reserves | -91 | -120 | -124 | -65 | -86 | -70 | -59 | -47 | -43 | -43 | -46 | 2 |
| Borrowings | 121 | 86 | 172 | 175 | 170 | 161 | 146 | 124 | 125 | 125 | 178 | 349 |
| Other Liabilities | 172 | 199 | 162 | 87 | 114 | 139 | 123 | 129 | 110 | 117 | 122 | 126 |
| Total Liabilities | 287 | 250 | 296 | 282 | 283 | 314 | 295 | 291 | 277 | 284 | 338 | 621 |
| Fixed Assets | 147 | 140 | 133 | 128 | 126 | 118 | 155 | 146 | 136 | 143 | 151 | 142 |
| CWIP | 56 | 25 | 25 | 25 | 11 | 46 | 1 | 1 | 3 | 1 | 1 | 174 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 83 | 86 | 138 | 130 | 147 | 150 | 139 | 144 | 137 | 140 | 187 | 306 |
| Total Assets | 287 | 250 | 296 | 282 | 283 | 314 | 295 | 291 | 277 | 284 | 338 | 621 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 22 | 2 | -6 | 7 | -4 | 54 | 24 | 22 | 8 | 26 | -21 | -84 |
| Investing | 0 | -1 | -1 | -3 | 8 | -35 | -1 | 0 | -2 | -13 | -18 | -175 |
| Financing | -22 | -1 | 7 | -3 | -6 | -18 | -22 | -22 | -7 | -13 | 39 | 259 |
| Net Cash Flow | 0 | 0 | 0 | 1 | -2 | 0 | 1 | 0 | -1 | 0 | 0 | 0 |
| Free Cash Flow | 22 | 0 | -6 | 4 | 4 | 18 | 23 | 22 | 8 | 26 | -40 | -259 |
| CFO/OP | 84 | 8 | -61 | 108 | -44 | -295 | -8,893 | -729 | 126 | 123 | -91 | -581 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 45 | 51 | 28 | 58 | 107 | 104 | 40 | 51 | 42 | 45 | 3 |
| Inventory Days | 43 | 48 | 92 | 85 | 28 | 22 | 56 | 47 | 57 | 40 | 81 | 543 |
| Days Payable | 34 | 38 | 44 | 30 | 43 | 75 | 111 | 46 | 28 | 32 | 17 | 58 |
| Cash Conversion Cycle | 22 | 55 | 99 | 83 | 43 | 54 | 50 | 41 | 81 | 50 | 110 | 488 |
| Working Capital Days | -216 | -228 | -43 | 35 | 23 | 10 | 8 | -71 | 32 | 25 | 19 | 293 |
| ROCE % | 10% | 18% | 5% | 1% | 2% | 11% | 7% | 10% | 8% | 8% | 7% | 1% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SAL Steel insights
62 extracted metrics + investor summaries across FY12–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Apr - Submission of Newspaper Advertisement in compliacne with Regulation 47 of the SEBI (LODR) Regulations, 2015 informing about completion of dispatch of Notice of the Postal … 18 Apr - Submission of Newspaper Advertisement in compliacne with Regulation 47 of the SEBI (LODR) Regulations, 2015 informing about completion of dispatch of Notice of the Postal …
3
Announcement Under Regulation 30(LODR)-Clarification Regarding Price Movement Of SAL Steel Limited Securities
17 Apr - SAL Steel clarifies price movement; cites Sree Metaliks open offer and prior share allotments. 17 Apr - SAL Steel clarifies price movement; cites Sree Metaliks open offer and prior share allotments.
4
Clarification sought from S.A.L. Steel Ltd
16 Apr - Exchange has sought clarification from S.A.L. Steel Ltd on April 16, 2026 with reference to significant movement in price, in order to ensure that investors … 16 Apr - Exchange has sought clarification from S.A.L. Steel Ltd on April 16, 2026 with reference to significant movement in price, in order to ensure that investors …
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter and year ended on March 31, 2026 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter and year ended on March 31, 2026
2
23Rd Annual General Meeting Is Scheduled To Be Held On Friday September 25 2026 At 12.30 PM 1 Sept 2026
Intimation
Frequently Asked Questions about SAL Steel
What does S.A.L Steel Ltd do?
Incorporated in 2003, SAL Steel Ltd does manufacturing of Sponge Iron, Ferro Alloys and Power[1]
Where is S.A.L Steel Ltd (SALSTEEL) listed?
S.A.L Steel Ltd trades as SALSTEEL on the NSE and under code 532604 on the BSE.
Which sector does S.A.L Steel Ltd belong to?
S.A.L Steel Ltd is classified under the Commodities sector, in the Ferrous Metals industry.
What is the market capitalisation of S.A.L Steel Ltd?
S.A.L Steel Ltd has a market capitalisation of ₹1,078 Cr, which places it in the Small Cap band.
What is the PE ratio of S.A.L Steel Ltd?
S.A.L Steel Ltd trades at a PE ratio of 62.87, against a book value of ₹10.13 per share.
What is the 52-week high and low of S.A.L Steel Ltd?
Over the last 52 weeks S.A.L Steel Ltd has traded between ₹26.1 and ₹86.25.
What is the Return on Equity (ROE) of S.A.L Steel Ltd?
S.A.L Steel Ltd reported a return on equity of -16.59%. Its debt-to-equity ratio is 2.37.
Company Information
Incorporated in 2003, SAL Steel Ltd does manufacturing of Sponge Iron, Ferro Alloys and Power[1]
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