SAL Steel
Metals & Mining
S.A.L Steel Ltd
SALSTEEL NSE
₹84.51 No trade today
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Close 4 Nov 2026 ₹84.51 +43.63 +107% 1Y
Start ₹40.88
Key Fundamentals
MicrocapFerrous MetalsMetals & MiningPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 1.08%
- Debt to Equity
- 2.37
- EPS (TTM)
- ₹1.19
- Book Value
- ₹10.13
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 8.34
- ROE
- −17.70%
- Dividend Yield
- 0.00%
- EBITDA
- ₹14.70 Cr
- 52W High
- ₹102.40
- 52W Low
- ₹33.10
- Volume
- 0
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
31 Poor
Data confidence 100/100
surveillance:ASM1
Category scores
- Quality
- 31
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 10
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 1
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 20
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 92
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 55
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
7- Stock is trading at 8.35 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 2 | 6 | 11 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bearish
Bearish
2
Neutral
6
Bullish
1
Overall
Strong Bullish
Bearish
2
Neutral
6
Bullish
11
Moving Averages
Strong Bullish
Bearish
0
Neutral
0
Bullish
10
Key readings
- RSI (14)
- 54.73
- Neutral
- MACD (12,26,9)
- −1.18
- Bearish
- SMA (50)
- 82.36
- Bullish
- SMA (200)
- 59.94
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −4.47% |
|---|---|
| 5Y | −7.21% |
| 3Y | −25.27% |
| 1Y | −61.95% |
| TTM | −70.23% |
Net profit
| 10Y | Loss narrowed by ₹29 Cr |
|---|---|
| 5Y | −100.00% |
| 3Y | −100.00% |
| 1Y | Loss narrowed by ₹6 Cr |
| TTM | Turned to profit |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Outflow widened by ₹63 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +0.22 pp |
|---|---|
| 5Y | +7.25 pp |
| 3Y | +5.64 pp |
| 1Y | +3.02 pp |
| TTM | +17.85 pp |
Revenue by year
| Mar 2017 | ₹361 Cr |
|---|---|
| Mar 2018 | ₹446 Cr |
| Mar 2019 | ₹571 Cr |
| Mar 2020 | ₹408 Cr |
| Mar 2021 | ₹301 Cr |
| Mar 2022 | ₹505 Cr |
| Mar 2023 | ₹496 Cr |
| Mar 2024 | ₹577 Cr |
| Mar 2025 | ₹544 Cr |
| Mar 2026 | ₹207 Cr |
Net profit by year
| Mar 2017 | ₹1.00 Cr |
|---|---|
| Mar 2018 | ₹42.00 Cr |
| Mar 2019 | −₹22.00 Cr |
| Mar 2020 | ₹16.00 Cr |
| Mar 2021 | ₹12.00 Cr |
| Mar 2022 | ₹12.00 Cr |
| Mar 2023 | ₹4.00 Cr |
| Mar 2024 | ₹0.00 Cr |
| Mar 2025 | −₹6.00 Cr |
| Mar 2026 | ₹0.00 Cr |
Quarterly Results
₹ Cr| 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 | −1.02 | 3.09 |
| EPS (₹) | 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
₹ Cr| 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 (₹) | −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
₹ Cr| 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
₹ Cr| 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/EBITDA | 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 across FY12–FY27.
Documents
- 27 Mar 2026
- 5 Oct 2015
- General announcements 8 Oct 2026
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
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 Metals & Mining sector, in the Sponge Iron industry.
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 ₹33.1 and ₹102.4 as of 4 Nov 2026.
What is the Return on Equity (ROE) of S.A.L Steel Ltd?
S.A.L Steel Ltd reported a return on equity of -17.70%. 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
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