SAL Steel Ltd.
•₹ 78.93-0.25%
2026-08-21
PROS
- Promoters have been increasing their shareholding - up 20.4pp over 2 years
- Latest quarter profit grew 131.9% YoY, showing strong momentum
- Working capital cycle has improved - days down from 25 to 19
- Company generates healthy free cash flow
- Company converts assets efficiently - asset turnover of 1.8x
CONS
- Company is loss-making at the operating / net level
- Company has a high debt-to-equity of 4.97x
- Operating cash flow has been negative in recent years
- Company has a low return on equity of -2.2% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -5.61x)
- Company has a low return on capital employed of 7.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JINDALSTEL | 1116.05 | 41.88 | 113846.93 | 0.18 | 843.80 | -43.60 | 15482.13 | 25.93 | 8.92 | 17.18 |
| 2. | LLOYDSME | 1891.05 | 22.34 | 106448.52 | 0.05 | 1733.89 | 170.25 | 7354.40 | 209.39 | 27.59 | 38.26 |
| 3. | JAIBALAJI | 65.59 | 20.43 | 5983.46 | 0.00 | 26.48 | -82.71 | 1353.35 | -13.06 | 36.09 | 5.31 |
| 4. | RSL | 165.75 | 0.00 | 1385.13 | 0.30 | 20.20 | 144.24 | 306.54 | 23.65 | 31.72 | 9.37 |
| 5. | STEELXIND | 10.54 | 346.32 | 1344.40 | 0.00 | 150.26 | — | 2697.14 | — | 11.97 | 12.70 |
| 6. | SALSTEEL | 78.60 | 0.00 | 1137.87 | 0.00 | 30.90 | 419.21 | 873.70 | 584.99 | 4.89 | 15.51 |
| 7. | VRAJ | 122.50 | 11.25 | 404.04 | 0.00 | 11.51 | 51.65 | 193.83 | 40.14 | 18.45 | 11.17 |
| 8. | VASWANI | 49.09 | 0.00 | 153.79 | 0.00 | 2.52 | — | 91.74 | — | 9.77 | 5.72 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 153 | 157 | 127 | 139 | 111 | 123 | 194 | 116 | 128 | 66 | 2 | 12 | 874 | |
| 148 | 151 | 127 | 130 | 105 | 118 | 182 | 117 | 133 | 53 | 2 | 5 | 828 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 6 | 5 | 62 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 28 |
| 0 | 0 | -3 | 4 | 0 | 0 | 0 | -8 | -13 | 5 | 8 | -0 | 45 | |
| Tax % | 16.67% | 17.65% | 25.53% | 26.43% | 20.00% | 40.00% | 241.67% | 26.21% | 25.19% | 27.29% | 13.90% | -277.78% | 31.79% |
| Net Profit | 0 | 0 | -2 | 3 | 0 | 0 | -1 | -6 | -10 | 4 | 7 | -1 | 31 |
| 0 | 0 | -0 | 0 | 0 | 0 | -0 | -0 | -1 | 0 | 1 | -0 | 0 | |
| Equity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 109 | 145 | 1,448 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 109 | 145 | 1,448 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 153
- 148
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 0
- Tax %
- 16.67%
- Net Profit
- 0
- 0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 157
- 151
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 0
- Tax %
- 17.65%
- Net Profit
- 0
- 0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 127
- 127
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- -3
- Tax %
- 25.53%
- Net Profit
- -2
- -0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 139
- 130
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 4
- Tax %
- 26.43%
- Net Profit
- 3
- 0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 111
- 105
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 3
- 0
- Tax %
- 20.00%
- Net Profit
- 0
- 0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 123
- 118
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 3
- 0
- Tax %
- 40.00%
- Net Profit
- 0
- 0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 194
- 182
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 3
- 0
- Tax %
- 241.67%
- Net Profit
- -1
- -0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 116
- 117
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 3
- -8
- Tax %
- 26.21%
- Net Profit
- -6
- -0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 128
- 133
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 3
- -13
- Tax %
- 25.19%
- Net Profit
- -10
- -1
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 66
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 3
- 5
- Tax %
- 27.29%
- Net Profit
- 4
- 0
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 85
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 6
- Depreciation
- 3
- 8
- Tax %
- 13.90%
- Net Profit
- 7
- 1
- Equity Capital
- 109
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 109
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 12
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 3
- -0
- Tax %
- -277.78%
- Net Profit
- -1
- -0
- Equity Capital
- 145
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 145
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 874
- 828
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 62
- Depreciation
- 28
- 45
- Tax %
- 31.79%
- Net Profit
- 31
- 0
- Equity Capital
- 1,448
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,448
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 338 | 361 | 446 | 574 | 408 | 301 | 505 | 496 | 577 | 544 | 954 | |
| 314 | 351 | 440 | 565 | 426 | 301 | 509 | 487 | 555 | 521 | 888 | |
| Operating Profit | 24 | 12 | 9 | 11 | 26 | 22 | 26 | 23 | 23 | 24 | — |
| OPM % | 7 | 3 | 2 | 2 | 6 | 7 | 5 | 5 | 4 | 4 | — |
| Other Income | 1 | 2 | 3 | 1 | 44 | 22 | 29 | 14 | 2 | 1 | 0 |
| Interest | 12 | 1 | 1 | 2 | 2 | 0 | 0 | 8 | 13 | 17 | 78 |
| Depreciation | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 10 | 10 | 11 | 36 |
| -29 | 4 | 64 | -19 | 17 | 12 | 16 | 6 | 1 | -7 | 58 | |
| Tax % | 0 | 75 | 34 | -16 | 7 | 7 | 29 | 36 | 27 | 12 | 30 |
| Net Profit | -29 | 1 | 42 | -22 | 16 | 12 | 12 | 4 | 0 | -6 | 40 |
| EPS | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | -1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | 0 | 5 | -3 | 2 | 1 | 1 | 0 | 0 | -1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | 0 | 5 | -3 | 2 | 1 | 1 | 0 | 0 | -1 | — |
Mar 2016
- 338
- 314
- Operating Profit
- 24
- OPM %
- 7
- Other Income
- 1
- Interest
- 12
- Depreciation
- 8
- -29
- Tax %
- 0
- Net Profit
- -29
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2017
- 361
- 351
- Operating Profit
- 12
- OPM %
- 3
- Other Income
- 2
- Interest
- 1
- Depreciation
- 8
- 4
- Tax %
- 75
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 446
- 440
- Operating Profit
- 9
- OPM %
- 2
- Other Income
- 3
- Interest
- 1
- Depreciation
- 8
- 64
- Tax %
- 34
- Net Profit
- 42
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2019
- 574
- 565
- Operating Profit
- 11
- OPM %
- 2
- Other Income
- 1
- Interest
- 2
- Depreciation
- 8
- -19
- Tax %
- -16
- Net Profit
- -22
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2020
- 408
- 426
- Operating Profit
- 26
- OPM %
- 6
- Other Income
- 44
- Interest
- 2
- Depreciation
- 8
- 17
- Tax %
- 7
- Net Profit
- 16
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 301
- 301
- Operating Profit
- 22
- OPM %
- 7
- Other Income
- 22
- Interest
- 0
- Depreciation
- 9
- 12
- Tax %
- 7
- Net Profit
- 12
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 505
- 509
- Operating Profit
- 26
- OPM %
- 5
- Other Income
- 29
- Interest
- 0
- Depreciation
- 9
- 16
- Tax %
- 29
- Net Profit
- 12
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 496
- 487
- Operating Profit
- 23
- OPM %
- 5
- Other Income
- 14
- Interest
- 8
- Depreciation
- 10
- 6
- Tax %
- 36
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 577
- 555
- Operating Profit
- 23
- OPM %
- 4
- Other Income
- 2
- Interest
- 13
- Depreciation
- 10
- 1
- Tax %
- 27
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2025
- 544
- 521
- Operating Profit
- 24
- OPM %
- 4
- Other Income
- 1
- Interest
- 17
- Depreciation
- 11
- -7
- Tax %
- 12
- Net Profit
- -6
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
TTM
- 954
- 888
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 78
- Depreciation
- 36
- 58
- Tax %
- 30
- Net Profit
- 40
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 6%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 39%
- 5 Years:
- 50%
- 3 Years:
- 70%
- 1 Year:
- 374%
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 17%
- 3 Years:
- -2%
- Last Year:
- -17%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 |
| -120 | -124 | -65 | -86 | -70 | -59 | -47 | -43 | -43 | -49 | |
| 71 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 53 | |
| Trade Payables | 23 | 29 | 27 | 49 | 67 | 63 | 47 | 29 | 39 | 20 |
| 191 | 300 | 235 | 233 | 232 | 206 | 206 | 206 | 203 | 230 | |
| Total Liabilities | 250 | 290 | 282 | 283 | 314 | 295 | 291 | 277 | 284 | 338 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 140 | 133 | 128 | 126 | 118 | 155 | 146 | 136 | 143 | 151 | |
| Capital Work in Progress | 25 | 25 | 25 | 11 | 46 | 1 | 1 | 3 | 1 | 1 |
| 29 | 60 | 76 | 32 | 20 | 32 | 49 | 59 | 50 | 100 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66 | 68 | |
| Cash & Bank | 1 | 1 | 2 | 0 | 1 | 1 | 2 | 1 | 1 | 1 |
| 55 | 71 | 51 | 115 | 129 | 106 | 94 | 78 | 24 | 19 | |
| Total Assets | 250 | 290 | 282 | 283 | 314 | 295 | 291 | 277 | 284 | 338 |
| Total Debt | 86 | 172 | 175 | 170 | 161 | 146 | 124 | 125 | 125 | 178 |
| Net Working Capital | -204 | -41 | 46 | 37 | 12 | 8 | -96 | 44 | 40 | 28 |
| Contingent Liabilities | 145 | 152 | 60 | 60 | 53 | 53 | 68 | 41 | 72 | 78 |
| Book Value per Share | -4.13 | -4.56 | 2.39 | -0.15 | 1.71 | 3.08 | 4.45 | 4.89 | 4.95 | 4.20 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 86 | 172 | 175 | 170 | 161 | 146 | 124 | 125 | 125 | 178 |
| Net Working Capital | -204 | -41 | 46 | 37 | 12 | 8 | -96 | 44 | 40 | 28 |
| Contingent Liabilities | 145 | 152 | 60 | 60 | 53 | 53 | 68 | 41 | 72 | 78 |
| Book Value per Share | -4.13 | -4.56 | 2.39 | -0.15 | 1.71 | 3.08 | 4.45 | 4.89 | 4.95 | 4.20 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 85
- -120
- 71
- Trade Payables
- 23
- 191
- Total Liabilities
- 250
- 140
- Capital Work in Progress
- 25
- 29
- 0
- Cash & Bank
- 1
- 55
- Total Assets
- 250
- Total Debt
- 86
- Net Working Capital
- -204
- Contingent Liabilities
- 145
- Book Value per Share
- -4.13
- Face Value
- 10.00
- Total Debt
- 86
- Net Working Capital
- -204
- Contingent Liabilities
- 145
- Book Value per Share
- -4.13
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 85
- -124
- 0
- Trade Payables
- 29
- 300
- Total Liabilities
- 290
- 133
- Capital Work in Progress
- 25
- 60
- 0
- Cash & Bank
- 1
- 71
- Total Assets
- 290
- Total Debt
- 172
- Net Working Capital
- -41
- Contingent Liabilities
- 152
- Book Value per Share
- -4.56
- Face Value
- 10.00
- Total Debt
- 172
- Net Working Capital
- -41
- Contingent Liabilities
- 152
- Book Value per Share
- -4.56
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 85
- -65
- 0
- Trade Payables
- 27
- 235
- Total Liabilities
- 282
- 128
- Capital Work in Progress
- 25
- 76
- 0
- Cash & Bank
- 2
- 51
- Total Assets
- 282
- Total Debt
- 175
- Net Working Capital
- 46
- Contingent Liabilities
- 60
- Book Value per Share
- 2.39
- Face Value
- 10.00
- Total Debt
- 175
- Net Working Capital
- 46
- Contingent Liabilities
- 60
- Book Value per Share
- 2.39
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 85
- -86
- 2
- Trade Payables
- 49
- 233
- Total Liabilities
- 283
- 126
- Capital Work in Progress
- 11
- 32
- 0
- Cash & Bank
- 0
- 115
- Total Assets
- 283
- Total Debt
- 170
- Net Working Capital
- 37
- Contingent Liabilities
- 60
- Book Value per Share
- -0.15
- Face Value
- 10.00
- Total Debt
- 170
- Net Working Capital
- 37
- Contingent Liabilities
- 60
- Book Value per Share
- -0.15
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 85
- -70
- 0
- Trade Payables
- 67
- 232
- Total Liabilities
- 314
- 118
- Capital Work in Progress
- 46
- 20
- 0
- Cash & Bank
- 1
- 129
- Total Assets
- 314
- Total Debt
- 161
- Net Working Capital
- 12
- Contingent Liabilities
- 53
- Book Value per Share
- 1.71
- Face Value
- 10.00
- Total Debt
- 161
- Net Working Capital
- 12
- Contingent Liabilities
- 53
- Book Value per Share
- 1.71
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 85
- -59
- 0
- Trade Payables
- 63
- 206
- Total Liabilities
- 295
- 155
- Capital Work in Progress
- 1
- 32
- 0
- Cash & Bank
- 1
- 106
- Total Assets
- 295
- Total Debt
- 146
- Net Working Capital
- 8
- Contingent Liabilities
- 53
- Book Value per Share
- 3.08
- Face Value
- 10.00
- Total Debt
- 146
- Net Working Capital
- 8
- Contingent Liabilities
- 53
- Book Value per Share
- 3.08
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 85
- -47
- 0
- Trade Payables
- 47
- 206
- Total Liabilities
- 291
- 146
- Capital Work in Progress
- 1
- 49
- 0
- Cash & Bank
- 2
- 94
- Total Assets
- 291
- Total Debt
- 124
- Net Working Capital
- -96
- Contingent Liabilities
- 68
- Book Value per Share
- 4.45
- Face Value
- 10.00
- Total Debt
- 124
- Net Working Capital
- -96
- Contingent Liabilities
- 68
- Book Value per Share
- 4.45
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 85
- -43
- 0
- Trade Payables
- 29
- 206
- Total Liabilities
- 277
- 136
- Capital Work in Progress
- 3
- 59
- 0
- Cash & Bank
- 1
- 78
- Total Assets
- 277
- Total Debt
- 125
- Net Working Capital
- 44
- Contingent Liabilities
- 41
- Book Value per Share
- 4.89
- Face Value
- 10.00
- Total Debt
- 125
- Net Working Capital
- 44
- Contingent Liabilities
- 41
- Book Value per Share
- 4.89
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 85
- -43
- 0
- Trade Payables
- 39
- 203
- Total Liabilities
- 284
- 143
- Capital Work in Progress
- 1
- 50
- 66
- Cash & Bank
- 1
- 24
- Total Assets
- 284
- Total Debt
- 125
- Net Working Capital
- 40
- Contingent Liabilities
- 72
- Book Value per Share
- 4.95
- Face Value
- 10.00
- Total Debt
- 125
- Net Working Capital
- 40
- Contingent Liabilities
- 72
- Book Value per Share
- 4.95
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 85
- -49
- 53
- Trade Payables
- 20
- 230
- Total Liabilities
- 338
- 151
- Capital Work in Progress
- 1
- 100
- 68
- Cash & Bank
- 1
- 19
- Total Assets
- 338
- Total Debt
- 178
- Net Working Capital
- 28
- Contingent Liabilities
- 78
- Book Value per Share
- 4.20
- Face Value
- 10.00
- Total Debt
- 178
- Net Working Capital
- 28
- Contingent Liabilities
- 78
- Book Value per Share
- 4.20
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -6 | 7 | -4 | 54 | 23 | 22 | 8 | 26 | -21 | |
| Cash from Investing | -1 | -1 | -3 | 8 | -35 | -1 | 0 | -2 | -13 | -18 |
| Cash from Financing | -1 | 7 | -3 | -6 | -18 | -22 | -22 | -7 | -13 | 39 |
| -0 | 0 | 1 | -2 | 0 | 1 | 0 | -1 | 0 | -0 | |
| Free Cash Flow | 2 | -6 | 4 | -4 | 18 | 23 | 22 | 6 | 13 | -39 |
| OCF / Net Profit | -0.07 | -6.65 | 0.16 | 0.19 | 3.38 | 2.03 | 1.94 | 2.36 | 55.85 | 3.28 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 14 | 35 | 64 | 66 | 82 | 24 |
| OCF / Net Profit | -0.07 | -6.65 | 0.16 | 0.19 | 3.38 | 2.03 | 1.94 | 2.36 | 55.85 | 3.28 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 14 | 35 | 64 | 66 | 82 | 24 |
Mar 2016
- 2
- Cash from Investing
- -1
- Cash from Financing
- -1
- -0
- Free Cash Flow
- 2
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 0
Mar 2017
- -6
- Cash from Investing
- -1
- Cash from Financing
- 7
- 0
- Free Cash Flow
- -6
- OCF / Net Profit
- -6.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -6.65
- Cumulative 5-Year FCF
- 0
Mar 2018
- 7
- Cash from Investing
- -3
- Cash from Financing
- -3
- 1
- Free Cash Flow
- 4
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 0
Mar 2019
- -4
- Cash from Investing
- 8
- Cash from Financing
- -6
- -2
- Free Cash Flow
- -4
- OCF / Net Profit
- 0.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.19
- Cumulative 5-Year FCF
- 0
Mar 2020
- 54
- Cash from Investing
- -35
- Cash from Financing
- -18
- 0
- Free Cash Flow
- 18
- OCF / Net Profit
- 3.38
- Cumulative 5-Year FCF
- 14
- OCF / Net Profit
- 3.38
- Cumulative 5-Year FCF
- 14
Mar 2021
- 23
- Cash from Investing
- -1
- Cash from Financing
- -22
- 1
- Free Cash Flow
- 23
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- 35
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- 35
Mar 2022
- 22
- Cash from Investing
- 0
- Cash from Financing
- -22
- 0
- Free Cash Flow
- 22
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 64
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 64
Mar 2023
- 8
- Cash from Investing
- -2
- Cash from Financing
- -7
- -1
- Free Cash Flow
- 6
- OCF / Net Profit
- 2.36
- Cumulative 5-Year FCF
- 66
- OCF / Net Profit
- 2.36
- Cumulative 5-Year FCF
- 66
Mar 2024
- 26
- Cash from Investing
- -13
- Cash from Financing
- -13
- 0
- Free Cash Flow
- 13
- OCF / Net Profit
- 55.85
- Cumulative 5-Year FCF
- 82
- OCF / Net Profit
- 55.85
- Cumulative 5-Year FCF
- 82
Mar 2025
- -21
- Cash from Investing
- -18
- Cash from Financing
- 39
- -0
- Free Cash Flow
- -39
- OCF / Net Profit
- 3.28
- Cumulative 5-Year FCF
- 24
- OCF / Net Profit
- 3.28
- Cumulative 5-Year FCF
- 24
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -3.39 | 0.10 | 4.99 | -2.54 | 1.87 | 1.36 | 1.36 | 0.42 | 0.06 | -0.76 |
| Book Value (₹) | -4.13 | -4.56 | 2.39 | -0.15 | 1.71 | 3.08 | 4.45 | 4.89 | 4.95 | 4.20 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -2.39 | 1.00 | 5.90 | -1.62 | 2.75 | 2.42 | 2.44 | 1.54 | 1.19 | 0.49 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 6.35% | 3.01% | 2.04% | 1.86% | 6.40% | 7.20% | 5.06% | 4.59% | 3.67% | 4.23% |
| Net Margin % | -7.67% | 0.22% | 9.50% | -3.76% | 3.89% | 3.84% | 2.28% | 0.71% | 0.08% | -1.17% |
| ROE % | 0.00% | 0.00% | 0.00% | -227.12% | 238.73% | 56.75% | 36.07% | 8.94% | 1.12% | -16.53% |
| ROCE % | -19.70% | 4.66% | 39.62% | -9.42% | 10.81% | 7.29% | 9.83% | 8.12% | 8.02% | 4.89% |
| -10.72% | 0.32% | 14.83% | -7.65% | 5.32% | 3.79% | 3.94% | 1.25% | 0.17% | -2.06% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 26 | 42 | 35 | 40 | 94 | 125 | 51 | 46 | 43 | 45 |
| Inventory Days | 30 | 41 | 56 | 34 | 23 | 31 | 29 | 39 | 34 | 50 |
| Payable Days | 39 | 40 | 31 | 33 | 65 | 114 | 54 | 37 | 28 | 24 |
| 16 | 43 | 59 | 41 | 53 | 42 | 26 | 48 | 49 | 70 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -2.46x | -4.45x | 8.62x | -135.05x | 11.03x | 5.58x | 3.28x | 3.01x | 2.97x | 4.97x |
| Interest Coverage (x) | -1.32x | 5.89x | 56.28x | -11.41x | 12.27x | 53.45x | 87.46x | 1.71x | 1.05x | 0.56x |
| 0.27x | 0.74x | 1.63x | 1.36x | 1.09x | 1.06x | 0.58x | 1.50x | 1.42x | 1.18x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -7.60% | 6.81% | 23.70% | 28.76% | -28.99% | -26.22% | 67.92% | -1.89% | 16.32% | -5.64% |
| Operating Profit Growth % | -11.01% | -49.81% | -23.95% | 17.37% | 144.76% | -16.96% | 18.07% | -10.60% | 0.57% | 4.71% |
| Net Profit Growth % | 62.07% | 103.05% | 4734.14% | -150.95% | 173.48% | -27.20% | -0.10% | -69.28% | -86.76% | -1468.06% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -86.75% | -1467.27% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 374.50x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.19x | 4.15x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.04x | 13.50x |
Mar 2016
- EPS (₹)
- -3.39
- Book Value (₹)
- -4.13
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.39
- Operating Margin %
- 6.35%
- Net Margin %
- -7.67%
- ROE %
- 0.00%
- ROCE %
- -19.70%
- -10.72%
- Debtor Days
- 26
- Inventory Days
- 30
- Payable Days
- 39
- 16
- Debt to Equity (x)
- -2.46x
- Interest Coverage (x)
- -1.32x
- 0.27x
- Revenue Growth %
- -7.60%
- Operating Profit Growth %
- -11.01%
- Net Profit Growth %
- 62.07%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 0.10
- Book Value (₹)
- -4.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.00
- Operating Margin %
- 3.01%
- Net Margin %
- 0.22%
- ROE %
- 0.00%
- ROCE %
- 4.66%
- 0.32%
- Debtor Days
- 42
- Inventory Days
- 41
- Payable Days
- 40
- 43
- Debt to Equity (x)
- -4.45x
- Interest Coverage (x)
- 5.89x
- 0.74x
- Revenue Growth %
- 6.81%
- Operating Profit Growth %
- -49.81%
- Net Profit Growth %
- 103.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 4.99
- Book Value (₹)
- 2.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.90
- Operating Margin %
- 2.04%
- Net Margin %
- 9.50%
- ROE %
- 0.00%
- ROCE %
- 39.62%
- 14.83%
- Debtor Days
- 35
- Inventory Days
- 56
- Payable Days
- 31
- 59
- Debt to Equity (x)
- 8.62x
- Interest Coverage (x)
- 56.28x
- 1.63x
- Revenue Growth %
- 23.70%
- Operating Profit Growth %
- -23.95%
- Net Profit Growth %
- 4734.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -2.54
- Book Value (₹)
- -0.15
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.62
- Operating Margin %
- 1.86%
- Net Margin %
- -3.76%
- ROE %
- -227.12%
- ROCE %
- -9.42%
- -7.65%
- Debtor Days
- 40
- Inventory Days
- 34
- Payable Days
- 33
- 41
- Debt to Equity (x)
- -135.05x
- Interest Coverage (x)
- -11.41x
- 1.36x
- Revenue Growth %
- 28.76%
- Operating Profit Growth %
- 17.37%
- Net Profit Growth %
- -150.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.87
- Book Value (₹)
- 1.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.75
- Operating Margin %
- 6.40%
- Net Margin %
- 3.89%
- ROE %
- 238.73%
- ROCE %
- 10.81%
- 5.32%
- Debtor Days
- 94
- Inventory Days
- 23
- Payable Days
- 65
- 53
- Debt to Equity (x)
- 11.03x
- Interest Coverage (x)
- 12.27x
- 1.09x
- Revenue Growth %
- -28.99%
- Operating Profit Growth %
- 144.76%
- Net Profit Growth %
- 173.48%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.36
- Book Value (₹)
- 3.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.42
- Operating Margin %
- 7.20%
- Net Margin %
- 3.84%
- ROE %
- 56.75%
- ROCE %
- 7.29%
- 3.79%
- Debtor Days
- 125
- Inventory Days
- 31
- Payable Days
- 114
- 42
- Debt to Equity (x)
- 5.58x
- Interest Coverage (x)
- 53.45x
- 1.06x
- Revenue Growth %
- -26.22%
- Operating Profit Growth %
- -16.96%
- Net Profit Growth %
- -27.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.36
- Book Value (₹)
- 4.45
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.44
- Operating Margin %
- 5.06%
- Net Margin %
- 2.28%
- ROE %
- 36.07%
- ROCE %
- 9.83%
- 3.94%
- Debtor Days
- 51
- Inventory Days
- 29
- Payable Days
- 54
- 26
- Debt to Equity (x)
- 3.28x
- Interest Coverage (x)
- 87.46x
- 0.58x
- Revenue Growth %
- 67.92%
- Operating Profit Growth %
- 18.07%
- Net Profit Growth %
- -0.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.42
- Book Value (₹)
- 4.89
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.54
- Operating Margin %
- 4.59%
- Net Margin %
- 0.71%
- ROE %
- 8.94%
- ROCE %
- 8.12%
- 1.25%
- Debtor Days
- 46
- Inventory Days
- 39
- Payable Days
- 37
- 48
- Debt to Equity (x)
- 3.01x
- Interest Coverage (x)
- 1.71x
- 1.50x
- Revenue Growth %
- -1.89%
- Operating Profit Growth %
- -10.60%
- Net Profit Growth %
- -69.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.06
- Book Value (₹)
- 4.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.19
- Operating Margin %
- 3.67%
- Net Margin %
- 0.08%
- ROE %
- 1.12%
- ROCE %
- 8.02%
- 0.17%
- Debtor Days
- 43
- Inventory Days
- 34
- Payable Days
- 28
- 49
- Debt to Equity (x)
- 2.97x
- Interest Coverage (x)
- 1.05x
- 1.42x
- Revenue Growth %
- 16.32%
- Operating Profit Growth %
- 0.57%
- Net Profit Growth %
- -86.76%
- -86.75%
- P/E (x)
- 374.50x
- P/B (x)
- 4.19x
- Dividend Yield %
- 0.00%
- 13.04x
Mar 2025
- EPS (₹)
- -0.76
- Book Value (₹)
- 4.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.49
- Operating Margin %
- 4.23%
- Net Margin %
- -1.17%
- ROE %
- -16.53%
- ROCE %
- 4.89%
- -2.06%
- Debtor Days
- 45
- Inventory Days
- 50
- Payable Days
- 24
- 70
- Debt to Equity (x)
- 4.97x
- Interest Coverage (x)
- 0.56x
- 1.18x
- Revenue Growth %
- -5.64%
- Operating Profit Growth %
- 4.71%
- Net Profit Growth %
- -1468.06%
- -1467.27%
- P/E (x)
- 0.00x
- P/B (x)
- 4.15x
- Dividend Yield %
- 0.00%
- 13.50x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - S.A.L. Steel Limited has informed the Exchange about Copy of Newspaper Publication of Un-Audited Standalone Financial Result for the Quarter ended June 30,2026
- Appointment
2026-08-14 - S.A.L. Steel Limited has informed the Exchange regarding Appointment of Mrs Monika Goyal (DIN:11881952) as Non- Executive Independent Director of the company w.e.f. August 14, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.