Sail Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

The Steel Authority of India (SAIL), a central public sector enterprise that manufactures steel in India, was established in 1954. The government of India produced 18.29 million metric tons of steel in 2023. SAIL, India’s largest steel producer, has its headquarters in New Delhi and is owned by the Ministry of Steel. It is normal that the future steel utilization in the nation would contact between 190 MT to 230 MT in 2030.

Sail Share Price Target 2024-2030

Steel Authority of India Limited (SAIL) is a firm that makes steel in biggest amounts in India. It is known as the Maharatnas of the Focal Public Area Ventures in India. SAIL has three unique steel and five incorporated iron and steel plants situated at districts where there are numerous unrefined components. SAIL produces various types of steel merchandise which it typically sells. It additionally possesses and works iron mineral mines, motion mines, consultancy, and transport and delivery activities. The organization has a complete limit of 19.63 million tons of unrefined steel and saleable steel for 18.54 million tons for each annum making it one of top steel makers in India.

Sail Share Price Target Today Update

The Steel Authority of India (SAIL) was spread out in the year 1954 and is a central public region undertaking association creating steel in India. India’s Greatest Steel Producer SAIL is gotten comfortable New Delhi and is asserted by the Assistance of Steel, Organization of India making 18.29 million measurement heaps of steel in 2023. It has fabricating offices in Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur, as well as three exceptional steel plants in Salem, Durgapur, and Bhadravathi. SAIL, as the industry leader, stands to benefit significantly from India’s policies because the country’s future steel consumption is anticipated to reach 190 to 230 MT in 2030.

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What is SAIL?

Since its inception on January 24, 1973, it has employed over 65,807 people. SAIL produces iron and steel at five coordinated plants and three extraordinary steel plants, found basically in the eastern and focal locales of India and arranged near homegrown wellsprings of unrefined substances. SAIL makes and sells a wide scope of steel items. SAIL additionally fabricates bars and poles, hardened steel, and other amalgam prepares. The organization claims and works coordinated steel plants, exceptional steel plants, and a ferroalloy plant in the eastern and focal locales of India. It additionally possesses and works iron mineral mines, motion mines, consultancy, and transport and delivery activities. SAIL is settled in New Delhi, India.

SAIL Latest News

• SAIL is a medium to long haul bet with a little gamble of having the capacity to go past its earlier ten years high, according to Cash Control.
• The Steel Authority of India is supposed to contribute an immense amount of Rs 20,000 – 24,000 crores in its IISCO plant in Bengal.
• SAIL’s Bhilai Steel Plant has made a public record in projecting 315 warms constantly from sprout caster.
• According to its stock exchange filing, SAIL suspended its two directors due to alleged financial irregularities under rule 20 of the Conduct, discipline, and appeal rules of 1977.

Sail Business Profile

the business that makes and sells iron and steel products like electrical sheets, galvanized sheets, electrical steel, structural steel, railway products, plates, and hot and cold rolled sheets and coils. It has unique steel plants, ferroalloy plants, and coordinated steel plants in the eastern and focal areas of India as well as mines that supply iron and coal. SAIL also produces stainless steel rails, bars, and rods in addition to a few other alloy steels.

Sale of Iron Ore

The company has reduced its existing inventory of iron ore fine to 2.5 metric tonnes (mt) as a result of a decrease in iron ore prices. At the point when the costs of iron metal improve, the organization will either auction the ongoing 40mmt in stock or transform the poor quality fines into pellets for interior use.

Deleveraging

With the prepayment of long haul obligation in view of high money age from its tasks and the recuperation of receivables from the Indian Railways, SAIL’s obligation essentially dropped to INR135 billion.

Sail Fundamentals & Quarterly Results

Terms	Value
Market Cap	₹ 63,094 Cr.
Current Price	₹ 153
High / Low	₹ 176 / 81.8
Stock P/E	17.0
Book Value	₹ 138
Dividend Yield	0.98 %
ROCE	8.24 %
ROE	6.62 %
Face Value	₹ 10.0
Debt to Equity	0.64
Debt Capacity	0.01
Debt (preceding year)	₹ 30,773 Cr.
Debt	₹ 36,323 Cr.
Reserves	₹ 52,971 Cr.
EPS	₹ 7.42
EPS (last year)	₹ 7.42
Pledged Percentage	0.00 %
FCF (Prev Ann)	₹ -8,812 Cr.
EV/EBITDA	7.80
Industry PE	17.3
PEG Ratio	2.43
Piotroski Score	7.00
Earnings Yield	7.47 %
Sales Growth (5 Years)	9.49 %

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Sail Fundamentals & Quarterly Results

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	30,759	24,029	26,246	25,042	29,131	24,359	29,712	23,349	27,959
Expenses	26,421	21,727	25,511	22,964	26,206	22,710	25,837	21,206	24,476
Operating Profit	4,338	2,302	735	2,079	2,924	1,649	3,875	2,142	3,483
OPM %	14%	10%	3%	8%	10%	7%	13%	9%	12%
Other Income	525	314	512	509	519	527	-174	355	-43
Interest	440	374	506	640	517	613	605	614	642
Depreciation	1,144	1,194	1,183	1,221	1,365	1,275	1,327	1,321	1,356
Profit before tax	3,279	1,047	-443	726	1,562	288	1,770	563	1,441
Tax %	24%	23%	26%	25%	26%	26%	26%	25%	22%
Net Profit	2,479	804	-329	542	1,159	212	1,306	423	1,126
EPS in Rs	6.00	1.95	-0.80	1.31	2.81	0.51	3.16	1.02	2.73

CAGR Report

Metric	Value
Compounded Sales Growth
– 10 Years	8%
– 5 Years	9%
– 3 Years	15%
– TTM	1%
Compounded Profit Growth
– 10 Years	7%
– 5 Years	7%
– 3 Years	-4%
– TTM	90%
Stock Price CAGR
– 10 Years	4%
– 5 Years	26%
– 3 Years	7%
– 1 Year	84%
Return on Equity
– 10 Years	5%
– 5 Years	10%
– 3 Years	11%
– Last Year	7%

Sail Shareholding Pattern

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters	75.00%	75.00%	75.00%	65.00%	65.00%	65.00%	65.00%
FIIs	4.24%	4.10%	2.91%	4.32%	4.58%	4.69%	3.18%
DIIs	16.15%	14.90%	14.58%	16.63%	10.24%	12.40%	15.86%
Government	0.04%	0.05%	0.06%	0.07%	0.00%	0.00%	0.00%
Public	4.57%	5.95%	7.45%	13.99%	20.18%	17.91%	15.96%
No. of Shareholders	3,58,848	3,59,853	3,96,449	5,33,051	14,66,890	15,21,988	16,43,073

Sail Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹141.31	₹163.37	₹176.62
2025	₹180	₹170	₹203
2026	₹207	₹194	₹231
2027	₹236	₹222	₹265
2028	₹270	₹254	₹304
2029	₹310	₹291	₹349
2030	₹356	₹334	₹399

SAIL Share Price Target 2025

Month	Target
January	₹180
February	₹184
March	₹188
April	₹182
May	₹176
June	₹170
July	₹177
August	₹184
September	₹191
October	₹195
November	₹199
December	₹203

SAIL Share Price Target 2026

Month	Target
January	₹207
February	₹211
March	₹215
April	₹208
May	₹201
June	₹194
July	₹202
August	₹210
September	₹218
October	₹222
November	₹226
December	₹231

SAIL Share Price Target 2027

Month	Target
January	₹236
February	₹241
March	₹246
April	₹238
May	₹230
June	₹222
July	₹231
August	₹240
September	₹250
October	₹255
November	₹260
December	₹265

SAIL Share Price Target 2028

Month	Target
January	₹270
February	₹275
March	₹281
April	₹272
May	₹263
June	₹254
July	₹264
August	₹275
September	₹286
October	₹292
November	₹298
December	₹304

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SAIL Share Price Target 2029

Month	Target
January	₹310
February	₹316
March	₹322
April	₹311
May	₹301
June	₹291
July	₹303
August	₹315
September	₹328
October	₹335
November	₹342
December	₹349

SAIL Share Price Target 2030

Month	Target
January	₹356
February	₹363
March	₹370
April	₹358
May	₹346
June	₹334
July	₹347
August	₹361
September	₹375
October	₹383
November	₹391
December	₹399

Points Before investing in SAIL NSE Stock

• SAIL’s Benefit development rate was 16% year on year and arrived at Rs 5,190 crore in the year 2023.
• Steel Authority of India’s overall gain is up by 496.40% YoY in the September quarter of 2023.
• Steel Authority of India’s EBITDA is up by 419.85% YoY in the September Quarter of 2023.
• However, SAIL’s annual net income and EBITDA decline by -82.22% and -58.88% in 2023, respectively. Steel Authority of India (SAIL) income is up by +0.94% every year (2023) and +13% quarterly (Sep-Dec 2023).
• Administration of India-possessed SAIL is supposed to profit from the arrangements in the future because of it being the biggest maker of Steel in India.
• In terms of competition, Tata Steel and JSW Steel pose a threat to the Steel Authority in India and around the world.
• The interest in India for Steel utilization is supposed to arrive at between 190 MT to 230 MT constantly 2030.

Final Words

The share price of SAIL is supposed to stay on its positive direction without a doubt and will be reliant upon a ton of variables deciding its future development rate on the Public Stock Trade (NSE). In the beyond five years, the NSE SAIL has seen a development of 195% and 55% somewhat recently since February 6th, 2023. SAIL Stock has encountered a 42% leap since August 10th, 2023 (6 months) and is up by 16% since January 9th, 2024.