SALSTEEL

The stock has been placed in Enhanced Surveillance Measure (ESM) list ESM - I (34).

SAL Steel Ltd.

NSE: SALSTEEL

BSE: 532604

Sector: Metals & Mining

Industry Group: Ferrous Metals

Industry: Sponge Iron

53.02-1.7 (-3.18%)

17 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

2.3 / 100

Value Score

5.2 / 100

Price Momentum Score

87.6 / 100

QVM Score

14.8 / 100

Key Metrics

Market Cap

767.55

P/E (TTM)

P/B

5.23

P/S (TTM)

3.70

EV/EBITDA

76.80

CAPE (5Y)

256.11

ROE (TTM)

-0.38

ROCE (TTM)

1.03

ROA (TTM)

-0.07

Avg 3Y ROE

-5.06

Earnings 3Y CAGR

-27.97

Sales 3Y CAGR

-25.21

Sales 5Y CAGR

-7.17

Debt/Equity

2.38

Consensus TP

Strong Buy %

Promoter Holding

70.98

Pledged %

18.98

Stock Analysis

Fundamental analysis overview of SAL Steel Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 87.6 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

87.6 / 100

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 94.71% for 12-month ended 31 Mar 2026 and the growth was 123.15 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Negative

Stock is fairly expensive with negative EPS on a trailing 12-month basis

Earnings yield of -0.05% indicates that the stock is very expensive and has a negative EPS on a trailing 12-month basis

What is Earnings yield (E/P)?

Low but stable operating margin

The company reported low operating margin of 1.77% for 12-month ended 31 Mar 2026 and operating margin improved marginally by 20 bps from 1 year ago

What is Operating profit margin?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -61.88% for 12-month ended 31 Mar 2026 and the growth was 70.59 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 8.71

Value -61.88

-61.88214.35

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Low ROE but improving trend

The company reported low ROE of -0.38% for 12-month ended 31 Mar 2026 but ROE improved by 1771 bps from 1 year ago

What is ROE (FY)?

High, but decreasing Debt to Equity

The company has high Debt to Equity of 2.38 as on 31 Mar 2026 but Debt to Equity decreased by 2.2 in the last 1 year

What is Debt to Equity?

Company's earnings are of moderate quality

Earnings quality score of 35.4 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

35.4 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for SAL Steel Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

SAL Steel Ltd. Shareholding Pattern

Quarterly breakdown of SAL Steel Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	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
Total Promoter	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	61.47	70.98	70.98
Indian Promoter	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	50.56	61.47	70.98	70.98
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.05	0.00	0.15	-	-	-	-
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	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	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
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	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	0.00	0.00	0.00	0.00	0.00	0.07	0.05	0.00	0.15	0.00	0.00	0.00	0.00
Other Institutions	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	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
Non-Institution	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.44	49.37	49.39	49.44	49.29	49.44	38.53	29.01	29.02
Bodies Corporate	1.59	11.93	11.36	11.30	10.70	8.01	6.22	1.84	3.15	3.08	3.64	3.92	3.61	3.66	3.30	2.67	2.36	2.33	2.28	2.07	2.04	1.89	4.42	5.77	6.03	6.04
Others (incl. Retail) No. of shareholders	47.85 25,005	37.51 24,925	38.08 25,169	38.14 25,063	38.74 25,077	41.43 26,428	43.22 30,700	47.60 35,691	46.29 42,837	46.36 44,731	45.80 43,679	45.52 41,519	45.83 41,786	45.78 41,989	46.14 43,165	46.77 55,464	47.08 69,295	47.11 66,243	47.09 64,972	47.32 63,781	47.40 64,364	47.40 63,438	45.02 60,756	32.76 57,003	22.98 55,016	22.98 53,697

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Ferrous Metals	1.96%	15 / 16

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in SAL Steel Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
SREE METALIKS LIMITED Promoter	February-2026	Conversion of security (Acquisition) 18th Feb 2026	32.82 %	₹ 18.00	3.58 cr	₹ 64.35 cr
SREE METALIKS LIMITED Promoter	December-2025	Conversion of security (Acquisition) 29th Dec 2025	29.51 %	₹ 25.00	48.00 lac	₹ 12.00 cr
SREE METALIKS LIMITED Promoter	December-2025	Off Market (Acquisition) 29th Dec 2025	13.30 %	₹ 25.00	2.35 cr	₹ 58.65 cr

No corporate action data available.

Company Profile

Overview of SAL Steel Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

SAL Steel Limited is an India-based versatile steel, ferro alloys and power company. The Company operates near Kandla Port in the state of Gujarat in Western India. The Company’s product range consists of direct reduced iron (direct reduced iron/sponge iron), ferro alloys, iron ore pellets and vario...

Key personnel

Mr. Devilal Jamnalal Shah

Compliance Officer, Company Secretary

Shri. Mahesh Kumar AgarwalD

Chairman of the Board, Additional Managing Director, Executive Director

Shri. Anil Kumar SinghD

Chief Financial Officer, Whole Time Director

Shri. Kaustubh AgarwalD

Additional Managing Director, Executive Director

Dr. Kailash Chandra Thatoi, Ph.D.D

Managing Director, Executive Director

Shri. AnilKumar S. PandyaD

Executive Director

Shri. Bipinbhai Amulakhbhai GosaliaD

Additional Non-Executive Independent Director

Shri. Hiren S. MahadeviaD

Additional Non-Executive Independent Director

View all

Incorporated on

06 Nov 2003

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

26 Nov 2004

Free Float

3,45,86,749

Website

http://www.salsteel.co.in/

Phone no.

+912764286525

Address

Shah Alloys Corporate House, Sola-Kalol Road, Santej, Ta. Kalol, Dist., GANDHINAGAR, 382721, India

Frequently Asked Questions

What is the current share price of SAL Steel Ltd.?

The current share price of SAL Steel Ltd. is ₹ 53.02 as of 17 Jul 2026.

What is the market capitalisation of SAL Steel Ltd.?

The market capitalisation of SAL Steel Ltd. stands at ₹ 767.55 Cr.

What is the PE ratio of SAL Steel Ltd.?

The Price-to-Earnings (PE) ratio of SAL Steel Ltd. is - as of the latest trailing twelve months data.

What is the ROE and ROCE of SAL Steel Ltd.?

SAL Steel Ltd. has a Return on Equity (ROE) of -0.38% and a Return on Capital Employed (ROCE) of 1.03% as per the latest financial reports.

What is the 52-week high and low of SAL Steel Ltd.?

The 52-week high of SAL Steel Ltd. is - and the 52-week low is -.

What is the dividend yield of SAL Steel Ltd.?

The dividend yield of SAL Steel Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in SAL Steel Ltd.?

Foreign Institutional Investors (FII) hold 0.00%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 22.98% of SAL Steel Ltd. shares.

What sector does SAL Steel Ltd. belong to?

SAL Steel Ltd. operates in the Metals & Mining sector.

What is the beta of SAL Steel Ltd.?

The beta of SAL Steel Ltd. is 0.50, indicating its price volatility relative to the broader market. Over the past 1 year, SAL Steel Ltd. has delivered an absolute return of 205.59%.

What is the RSI of SAL Steel Ltd.?

The 14-day Relative Strength Index (RSI) of SAL Steel Ltd. is 38.05, placing it approaching oversold territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

SAL Steel Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

SAL Steel Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Company Profile

Frequently Asked Questions

Company Profile

Stock Analysis

Holdings and Presence