In Week of Mar 28, 2026, Steel Authority of India Ltd (Steel) is outperforming Nifty 500 with +22.3% relative strength. Fundamentals: Average. On a 11-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: ₹36,000 cr project commissioning in FY26-27 with immediate revenue impact
Impact: +₹5000 Cr revenue
“We are targeting 22.5 [million tonnes] for 2026-2027 - Dr. Ashok Panda”
What: Reducing semis from 15% to 10% of production, focusing on higher-margin finished products
Impact: +₹3000 Cr revenue
“semis percentage is 10%. If you compare with previous years, it is less because our focus is on having finished products more than the semis - Dr. Ashok Panda”
What: RE power implementation reducing energy costs with immediate margin benefits
Impact: +₹1200 Cr revenue
“By going for RE power, we're getting also price advantage in certain cases - Dr. Ashok Panda”
Earnings deceleration risks from management commentary
Trigger: 15%+ increase in input costs
Impact: -175 bps margin impact
Management view: Profitability impacted by costs - Q2 FY26 Management Commentary
Monitor: RM cost as % of revenue
Trigger: 6+ month delay in commissioning
Management view: implementing measures to avoid future incidents after SMS downtime
Monitor: Capex execution vs plan
Key quotes from recent conference calls
“Bokaro SMS is back to full capacity, and the Bhilai SMS, after a brief downtime for repairs, has also resumed normal operations — Dr. Ashok Panda”
“We've been trying to reduce the semis as much as possible... semis percentage is 10%. If you compare with previous years, it is less because our focus is on having finished products more than the semis — Dr. Ashok Panda”
“India becoming a net exporter — Dr. Ashok Panda”
“SAIL expects Q4 to see price upticks and margin improvement — Management”
Forward-looking targets from management for Next 2-4 quarters
Revenue Growth Target
10%
Implied PAT Growth
35%
OPM Guidance
10.5%
Capex Plan
₹15000 Cr
Key Milestones
• 22.5M tonnes hot metal production by FY27
• Debt-to-equity ratio target of 0.5x
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +12% | 0% | Accelerating |
| PAT (Net Profit) | +163% | -42% | Stable |
| OPM | 8.0% | 0 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Steel Authority of India Ltd's latest quarterly results (Dec 2025) show
Steel Authority of India Ltd's profit is growing with an stable trend.
Steel Authority of India Ltd's revenue growth trend is accelerating.
Steel Authority of India Ltd's operating margin is stable.
Steel Authority of India Ltd's long-term compounding rates
Steel Authority of India Ltd's earnings growth is stable with negative momentum on a sequential basis.
Steel Authority of India Ltd's trailing twelve month (TTM) performance
Steel Authority of India Ltd appears significantly overvalued based on our fair value analysis.
Steel Authority of India Ltd's current PE ratio is 20.0x.
Steel Authority of India Ltd's current PE is 20.0x.
Steel Authority of India Ltd's price-to-book ratio is 1.0x.
Steel Authority of India Ltd is rated Average with a fundamental score of 45.75/100. This score is calculated from objective financial metrics
Steel Authority of India Ltd has a debt-to-equity ratio of N/A.
Steel Authority of India Ltd's return ratios over recent years
Steel Authority of India Ltd's operating cash flow is positive (FY2025).
Steel Authority of India Ltd's current dividend yield is 1.09%.
Steel Authority of India Ltd's shareholding pattern (Dec 2025)
Steel Authority of India Ltd's promoter holding has remained stable recently.
Steel Authority of India Ltd has been outperforming Nifty 500 for 11 consecutive weeks, indicating consistent outperformance.
Steel Authority of India Ltd is an established outperformer with 11 weeks of consecutive Nifty 500 outperformance.
Steel Authority of India Ltd has 3 key growth catalysts identified from recent earnings analysis
Steel Authority of India Ltd has 2 key risks worth monitoring
In Q3 FY26, Steel Authority of India Ltd's management highlighted
Steel Authority of India Ltd's management has provided the following forward guidance for Next 2-4 quarters
Based on quantitative research signals, here is why Steel Authority of India Ltd may be worth studying
Steel Authority of India Ltd investment thesis summary:
Steel Authority of India Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
