Steel Authority Of India Limited
SAIL was promoted in 1973 by the GoI as a holding company to bring companies producing steel and related products under one umbrella. The company is an integrated iron and steel maker, producing both, carbon and special steel, for industries like con...
Key Metrics
EPS
7.42
Current ratio
0.90
Debt/Equity
0.90
Debt/EBITDA
4.33
Interest coverage ratio
2.64
Operating Cashflow to total debt
0.06
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong ownership structural support from GoI and accordance of ‘Maharatna’ status
Strong marketing network
Geographically diversified operations and rising emphasis on value-added products
Sizeable integrated nature of operations
Stable operational performance
Liquidity: Adequate
Cons
Supreme court orders to upheld the power of State Governments to tax mineral rights
Cyclicality inherent in the steel industry
Working capital intensive nature of operations
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About Steel Authority Of India Limited bond.
This comprehensive profile covers key factual information about Steel Authority Of India Limited. SAIL was promoted in 1973 by the GoI as a holding company to bring companies producing steel and related products under one umbrella. The company is an integrated iron and steel maker, producing both, carbon and special steel, for industries like construction, engineering, power, railway, automotive, consumer durables, defence, etc. At present, SAIL owns and operates five integrated steel plants, viz, Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP), Rourkela Steel Plant (RSP), Bokaro Steel Plant (BSL) and IISCO Steel Plant (ISP). The company also has three special steel plants, ie, Alloy Steel Plant, Salem Steel Plant, and Visvesvaraya Iron & Steel Plant. SAIL is one of the largest steelmakers in India, with crude steel and saleable steel capacities stood at 19.63 MTPA and 18.54 MTPA, respectively, as on March 31, 2024. EPS in Mar-2024 was 7.42. Current ratio in Mar-2024 was 0.90. Debt/Equity in Mar-2024 was 0.90. Debt/EBITDA in Mar-2024 was 4.33. Interest coverage ratio in Mar-2024 was 2.64. Operating Cashflow to total debt in Mar-2024 was 0.06. Total revenue for Mar-2025(E) was ₹127,448.09. Net income for Mar-2025(E) stood at ₹4,866.00. Total assets as of Mar-2024 were ₹141,022.21. Operating cash flow for Mar-2024 was ₹2,910.88. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Bank of India (₹N/A Cr), Central Bank of India (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Jammu and Kashmir Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Punjab National Bank (₹N/A Cr), RBL Bank Limited (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), United Overseas Bank Limited (₹N/A Cr). Peers and comparison entities consist of Steel Authority Of India Limited, JSW Steel Limited, Tata Steel Limited, Jindal Steel And Power Limited. As of Dec 2024, promoters hold 65.00% while others hold N/A% of equity. Key strengths include: Strong ownership structural support from GoI and accordance of ‘Maharatna’ status; Strong marketing network; Geographically diversified operations and rising emphasis on value-added products; Sizeable integrated nature of operations; Stable operational performance; Liquidity: Adequate. Key risks include: Supreme court orders to upheld the power of State Governments to tax mineral rights; Cyclicality inherent in the steel industry; Working capital intensive nature of operations . Leadership team details include Shri Amarendu Prakash (Chairman. BIOSKETCH.), Shri Sanjeet. (JS & FA, Ministry of Housing and Urban Affairs with additional charge of JS & FA Ministry of Steel. ...), Shri Abhijit Narendra (Joint Secretary to the Government of India. ...), Shri Anirban Dasgupta (Director in-charge (Bhilai Steel Plant), with addl.). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.