Steel Authority of India Ltd.
SAILCommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
17 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (2 of 17 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220527 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220816 | 2022-06-30 | yes | |
| TRANSCRIPT | 20231121 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230222 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230602 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230817 | 2023-06-30 | yes | |
| TRANSCRIPT | 20240219 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240529 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240816 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241113 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250217 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250605 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250801 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251103 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260206 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260520 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260801 | 2026-06-30 | yes |
SAIL
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 184.00 |
| 52-week range | 125.91 – 206.06 |
| Return 1M | -0.32% |
| Return 3M | 7.73% |
| Return 1Y | 34.96% |
| Return 3Y | 97.64% |
| Return 5Y | 70.13% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 26,246.00 |
| Other income | 206.00 |
| Total income | 26,451.00 |
| Cost of materials consumed | 12,633.00 |
| Purchases of stock-in-trade | 460.00 |
| Changes in inventories | -2,242.00 |
| Employee benefit expense | 2,941.00 |
| Finance costs | 493.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.65 | 0.00 |
| institutions foreign | 0.07 | 0.02 |
| institutions domestic | 0.17 | -0.02 |
| mutual funds | 0.09 | 0.00 |
| public | 0.35 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 17 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 26,246.00 | 25,042.00 | 29,131.00 | 24,359.00 | 29,712.00 | 23,349.00 | 27,959.00 | 23,998.00 | 24,675.00 | 24,490.00 | 29,316.00 | 25,922.00 | 26,704.00 | 27,371.00 | 30,813.00 | 26,246.00 |
| Other income | 396.00 | 98.00 | 286.00 | 464.00 | 146.00 | 144.00 | 313.00 | 177.00 | 167.00 | 234.00 | 298.00 | 162.00 | 206.00 | 175.00 | 352.00 | 206.00 |
| Total income | 26,642.00 | 25,140.00 | 29,416.00 | 24,823.00 | 29,858.00 | 23,492.00 | 28,272.00 | 24,175.00 | 24,842.00 | 24,723.00 | 29,614.00 | 26,084.00 | 26,910.00 | 27,546.00 | 31,165.00 | 26,451.00 |
| Cost of materials consumed | 15,280.00 | 14,341.00 | 14,858.00 | 15,278.00 | 13,536.00 | 13,765.00 | 15,130.00 | 13,701.00 | 12,267.00 | 11,810.00 | 11,273.00 | 10,768.00 | 10,394.00 | 11,240.00 | 12,041.00 | 12,633.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 260.00 | 1,597.00 | 2,005.00 | 1,652.00 | 1,445.00 | 405.00 | 460.00 |
| Changes in inventories | 1,165.00 | -793.00 | 663.00 | -2,207.00 | 2,019.00 | -2,552.00 | -615.00 | -1,620.00 | -676.00 | 595.00 | 1,790.00 | -404.00 | 1,336.00 | 1,684.00 | 2,515.00 | -2,242.00 |
| Employee benefit expense | 2,837.00 | 2,777.00 | 3,439.00 | 2,849.00 | 3,129.00 | 2,942.00 | 2,845.00 | 2,783.00 | 2,877.00 | 2,725.00 | 3,291.00 | 2,948.00 | 2,943.00 | 2,845.00 | 2,670.00 | 2,941.00 |
| Finance costs | 506.00 | 640.00 | 517.00 | 613.00 | 605.00 | 614.00 | 642.00 | 691.00 | 758.00 | 680.00 | 664.00 | 595.00 | 484.00 | 547.00 | 532.00 | 493.00 |
| Depreciation and amortisation | 1,183.00 | 1,221.00 | 1,365.00 | 1,275.00 | 1,327.00 | 1,321.00 | 1,356.00 | 1,402.00 | 1,304.00 | 1,421.00 | 1,524.00 | 1,441.00 | 1,453.00 | 1,516.00 | 1,577.00 | 1,560.00 |
| Other expenses | 6,230.00 | 6,639.00 | 7,247.00 | 6,790.00 | 7,152.00 | 7,052.00 | 7,115.00 | 6,914.00 | 7,295.00 | 7,071.00 | 7,881.00 | 7,836.00 | 7,851.00 | 7,862.00 | 8,774.00 | 8,301.00 |
| Total expenses | 27,201.00 | 24,825.00 | 28,088.00 | 24,598.00 | 27,769.00 | 23,141.00 | 26,474.00 | 23,872.00 | 23,824.00 | 24,560.00 | 28,021.00 | 25,189.00 | 26,114.00 | 27,140.00 | 28,514.00 | 24,146.00 |
| Profit before exceptional items and tax | -559.00 | 315.00 | 1,328.00 | 225.00 | 2,090.00 | 352.00 | 1,798.00 | 303.00 | 1,018.00 | 163.00 | 1,593.00 | 895.00 | 796.00 | 406.00 | 2,651.00 | 2,305.00 |
| Exceptional items | 0.00 | 298.00 | -40.00 | 0.00 | -415.00 | 76.00 | -502.00 | -312.00 | 0.00 | 29.00 | -29.00 | 0.00 | -338.00 | 0.00 | -330.00 | -144.00 |
| Profit before tax | -559.00 | 613.00 | 1,288.00 | 225.00 | 1,675.00 | 428.00 | 1,296.00 | -9.00 | 1,018.00 | 191.00 | 1,564.00 | 895.00 | 458.00 | 406.00 | 2,321.00 | 2,161.00 |
| Current tax | -121.00 | 52.00 | -45.00 | 51.00 | 424.00 | 17.00 | 121.00 | 5.00 | 316.00 | 146.00 | 355.00 | 285.00 | 198.00 | 231.00 | 686.00 | 661.00 |
| Deferred tax | 8.00 | 132.00 | 448.00 | 25.00 | 41.00 | 122.00 | 194.00 | 11.00 | -39.00 | 35.00 | 51.00 | -61.00 | -61.00 | -125.00 | -20.00 | -118.00 |
| Tax expense | -113.00 | 184.00 | 403.00 | 76.00 | 464.00 | 140.00 | 316.00 | 16.00 | 276.00 | 181.00 | 406.00 | 223.00 | 137.00 | 106.00 | 666.00 | 543.00 |
| Profit for the period | -329.00 | 542.00 | 1,159.00 | 212.00 | 1,306.00 | 423.00 | 1,126.00 | 82.00 | 897.00 | 142.00 | 1,251.00 | 745.00 | 419.00 | 374.00 | 1,835.00 | 1,644.00 |
| Profit attributable to owners | 0.00 | 0.00 | 0.00 | — | 1,306.00 | 423.00 | 0.00 | — | 882.00 | 142.00 | 1,251.00 | — | 419.00 | 374.00 | 1,835.00 | — |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | -0.00 | — | 0.00 | 0.00 | 0.00 | — |
| Other comprehensive income | 170.00 | 115.00 | -692.00 | -10.00 | -28.00 | -110.00 | 56.00 | -64.00 | -15.00 | 42.00 | -150.00 | -118.00 | 22.00 | -182.00 | 339.00 | -58.00 |
| Total comprehensive income | -159.00 | 657.00 | 468.00 | 202.00 | 1,277.00 | 313.00 | 1,182.00 | 18.00 | 882.00 | 184.00 | 1,101.00 | 627.00 | 440.00 | 192.00 | 2,174.00 | 1,586.00 |
| Earnings per share, basic | -0.80 | 1.31 | 2.81 | 0.51 | 3.16 | 1.02 | 2.73 | 0.20 | 2.17 | 0.34 | 3.03 | 1.80 | 1.01 | 0.91 | 4.44 | 3.98 |
| Earnings per share, diluted | -0.80 | 1.31 | 2.81 | 0.51 | 3.16 | 1.02 | 2.73 | 0.20 | 2.17 | 0.34 | 3.03 | 1.80 | 1.01 | 0.91 | 4.44 | 3.98 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 61,664.00 | 69,114.00 | 103,477.00 | 104,448.00 | 105,378.00 | 102,479.00 | 110,811.00 |
| Other income | 906.00 | 861.00 | 859.00 | 950.00 | 1,067.00 | 875.00 | 894.00 |
| Total income | 62,570.00 | 69,974.00 | 104,335.00 | 105,398.00 | 106,445.00 | 103,354.00 | 111,705.00 |
| Cost of materials consumed | 29,372.00 | 23,214.00 | 42,890.00 | 62,180.00 | 57,709.00 | 49,051.00 | 44,443.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,857.00 | 5,507.00 |
| Changes in inventories | -5,578.00 | 4,277.00 | -280.00 | -5,155.00 | -3,355.00 | 89.00 | 5,131.00 |
| Employee benefit expense | 8,797.00 | 10,461.00 | 12,862.00 | 12,072.00 | 11,766.00 | 11,675.00 | 11,406.00 |
| Finance costs | 3,487.00 | 2,817.00 | 1,698.00 | 2,037.00 | 2,474.00 | 2,793.00 | 2,158.00 |
| Depreciation and amortisation | 3,756.00 | 4,103.00 | 4,275.00 | 4,964.00 | 5,278.00 | 5,651.00 | 5,988.00 |
| Other expenses | 18,857.00 | 18,424.00 | 26,663.00 | 27,312.00 | 28,109.00 | 29,161.00 | 32,323.00 |
| Total expenses | 58,691.00 | 63,295.00 | 88,108.00 | 103,409.00 | 101,981.00 | 100,277.00 | 106,957.00 |
| Profit before exceptional items and tax | 3,879.00 | 6,679.00 | 16,227.00 | 1,989.00 | 4,464.00 | 3,077.00 | 4,748.00 |
| Exceptional items | -772.00 | 58.00 | -353.00 | 258.00 | -841.00 | -313.00 | -668.00 |
| Profit before tax | 3,107.00 | 6,738.00 | 15,874.00 | 2,247.00 | 3,623.00 | 2,765.00 | 4,080.00 |
| Current tax | 81.00 | 16.00 | 7.00 | 125.00 | 613.00 | 821.00 | 1,399.00 |
| Deferred tax | 1,100.00 | 3,041.00 | 4,041.00 | 590.00 | 382.00 | 58.00 | -267.00 |
| Tax expense | 1,181.00 | 3,058.00 | 4,048.00 | 716.00 | 995.00 | 880.00 | 1,133.00 |
| Profit for the period | 2,121.00 | 4,148.00 | 12,243.00 | 2,177.00 | 3,067.00 | 2,372.00 | 3,373.00 |
| Profit attributable to owners | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,372.00 | 3,373.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 |
| Other comprehensive income | 26.00 | 161.00 | -10.00 | -299.00 | -93.00 | -187.00 | 61.00 |
| Total comprehensive income | 2,147.00 | 4,309.00 | 12,234.00 | 1,877.00 | 2,974.00 | 2,185.00 | 3,434.00 |
| Earnings per share, basic | 5.13 | 10.04 | 29.64 | 5.27 | 7.42 | 5.74 | 8.17 |
| Earnings per share, diluted | 5.13 | 10.04 | 29.64 | 5.27 | 7.42 | 5.74 | 8.17 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 130,332.00 | 130,481.00 | 129,608.00 | 140,709.00 | 139,742.00 | 136,371.00 | 134,163.00 | 135,896.00 |
| Non-current assets | 90,986.00 | 92,486.00 | 92,386.00 | 92,571.00 | 93,299.00 | 94,482.00 | 94,883.00 | 99,976.00 |
| Current assets | 39,337.00 | 37,965.00 | 37,204.00 | 48,123.00 | 46,347.00 | 41,885.00 | 39,277.00 | 35,915.00 |
| Property, plant and equipment | 67,292.00 | 67,111.00 | 65,843.00 | 65,415.00 | 64,830.00 | 65,061.00 | 64,172.00 | 64,710.00 |
| Capital work-in-progress | 4,155.00 | 4,891.00 | 5,539.00 | 6,141.00 | 6,443.00 | 7,206.00 | 8,842.00 | 10,552.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 1,506.00 | 1,521.00 | 1,504.00 | 7,010.00 | 6,924.00 | 8,264.00 | 8,275.00 | 11,279.00 |
| Inventories | 28,118.00 | 27,765.00 | 24,899.00 | 32,721.00 | 33,631.00 | 29,151.00 | 27,875.00 | 23,553.00 |
| Trade receivables | 5,993.00 | 5,390.00 | 6,710.00 | 8,355.00 | 7,017.00 | 7,610.00 | 5,186.00 | 6,507.00 |
| Cash and cash equivalents | 61.00 | 57.00 | 99.00 | 69.00 | 68.00 | 292.00 | 246.00 | 29.00 |
| Total equity and liabilities | 130,332.00 | 130,481.00 | 129,608.00 | 140,709.00 | 139,742.00 | 136,371.00 | 134,163.00 | 135,896.00 |
| Equity | 54,035.00 | 54,747.00 | 56,020.00 | 57,101.00 | 57,588.00 | 58,906.00 | 58,278.00 | 60,356.00 |
| Equity share capital | 4,131.00 | 4,131.00 | 4,131.00 | 4,131.00 | 4,131.00 | 4,131.00 | 4,131.00 | 4,131.00 |
| Other equity | 49,905.00 | 50,616.00 | 51,889.00 | 52,971.00 | 53,458.00 | 54,775.00 | 54,147.00 | 56,225.00 |
| Total liabilities | 76,296.00 | 75,734.00 | 73,588.00 | 83,607.00 | 82,154.00 | 77,465.00 | 75,885.00 | 75,540.00 |
| Non-current liabilities | 24,187.00 | 26,400.00 | 28,659.00 | 30,143.00 | 29,573.00 | 31,275.00 | 29,459.00 | 31,920.00 |
| Current liabilities | 52,110.00 | 49,334.00 | 44,929.00 | 53,464.00 | 52,581.00 | 46,190.00 | 46,427.00 | 43,620.00 |
| Borrowings, non-current | 6,109.00 | 6,113.00 | 8,240.00 | 14,803.00 | 14,368.00 | 16,654.00 | 14,799.00 | 16,756.00 |
| Borrowings, current | 21,362.00 | 19,549.00 | 17,250.00 | 21,519.00 | 26,897.00 | 20,280.00 | 18,864.00 | 15,172.00 |
| Trade payables | 14,085.00 | 14,342.00 | 10,910.00 | 15,332.00 | 9,425.00 | 10,504.00 | 10,723.00 | 10,886.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -12,153.00 | -5,290.00 | 3,440.00 | 2,911.00 | -1,144.00 | 10,023.00 | 7,976.00 | 19,039.00 |
| Net cash from investing activities | -1,093.00 | -3,371.00 | -1,583.00 | -4,261.00 | -2,307.00 | -5,377.00 | -3,431.00 | -7,899.00 |
| Net cash from financing activities | 13,176.00 | 8,587.00 | -1,815.00 | 1,362.00 | 3,450.00 | -4,424.00 | -4,590.00 | -11,403.00 |
| Purchase of property, plant and equipment | 1,561.00 | 3,931.00 | 1,895.00 | 4,711.00 | 2,581.00 | 6,221.00 | 3,923.00 | 8,758.00 |
| Net increase in cash | -70.00 | -74.00 | 42.00 | 12.00 | -1.00 | 222.00 | -45.00 | -263.00 |
| con:CFO.BEFORE_TAX | -11,851.00 | -4,869.00 | 3,831.00 | 3,014.00 | -776.00 | 10,558.00 | 8,327.00 | 19,723.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 177.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 303.00 | 421.00 | 391.00 | 104.00 | 368.00 | 644.00 | 351.00 | 684.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -75.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 84.00 | 409.00 | 337.00 | 503.00 | 282.00 | 844.00 | 422.00 | 661.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 0.65 | 0.65 | 0.65 | 0.65 |
| Domestic institutions | 12.40 | 13.63 | 14.61 | 15.46 | 15.86 | 15.72 | 16.03 | 15.87 | 15.75 | 17.31 | 0.18 | 0.18 | 0.18 | 0.17 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 5.59 | 0.07 | 0.07 | 0.09 | 0.09 |
| Insurance companies | 7.89 | 10.19 | 10.66 | 10.24 | 9.42 | 9.15 | 10.07 | 10.73 | 11.65 | 11.68 | 0.12 | 0.11 | 0.10 | 0.08 |
| Foreign institutions | 4.69 | 3.82 | 3.68 | 4.34 | 3.18 | 3.00 | 2.82 | 2.59 | 3.20 | 3.65 | 0.04 | 0.05 | 0.05 | 0.07 |
| Public | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 0.35 | 0.35 | 0.35 | 0.35 |
| Non-institutional | 17.91 | 17.55 | 16.70 | 15.20 | 15.96 | 16.28 | 16.15 | 16.55 | 16.05 | 14.04 | 0.13 | 0.13 | 0.12 | 0.11 |
| Shares outstanding | 4130414299 | 4130414299 | 4130414299 | 4130414299 | 4130414299 | 4130414299 | 4130414299 | 4130414299 | 4130457289 | 4130457289 | 4130457289 | 4130457289 | 4130457289 | 4130457289 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| NTPC SAIL POWER SUPPLY PRIVATE LIMITED | Joint Venture | Dividend received, Purchase of goods or services, Sa | 18,153,200,000.00 | 3 |
| SAIL Gratuity Trust | Gratuity Trust | Any other transaction | 8,061,700,000.00 | 1 |
| INTERNATIONAL COAL VENTURES PRIVATE LIMITED | Joint Venture | Purchase of goods or services, Sale of goods or serv | 7,183,400,000.00 | 2 |
| BOKARO POWER SUPPLY CO.(PVT) LTD | Joint Venture | Dividend received, Purchase of goods or services, Sa | 6,503,500,000.00 | 3 |
| SAIL Pension Trust | PENSION TRUST | Any other transaction | 5,093,400,000.00 | 1 |
| SAIL REFRACTORY COMPANY LIMITED | SUBSIDIARY | Dividend received, Purchase of goods or services, Sa | 1,389,400,000.00 | 3 |
| BHILAI JAYPEE CEMENT LIMITED | Joint Venture | Any other transaction, Sale of goods or services | 1,103,200,000.00 | 2 |
| HSL BSP Provident Fund, Bhilai | PF TRUST | Any other transaction | 1,064,300,000.00 | 1 |
| HSL CONTRIBUTORY PF TRUST | PF TRUST | Any other transaction | 782,900,000.00 | 1 |
| Bokaro Steel Employees Provident Fund, Bokaro | PF TRUST | Any other transaction | 753,200,000.00 | 1 |
| DURGAPUR STEEL PLANT PROVIDENT FUND TRUST | PF TRUST | Any other transaction | 584,100,000.00 | 1 |
| SAIL RITES Bengal Wagon Industry Private Limited | Joint Venture | Advance, Sale of goods or services | 497,600,000.00 | 2 |
| MJUNCTION SERVICES LIMITED | Joint Venture | Purchase of goods or services, Sale of goods or serv | 380,700,000.00 | 2 |
| IISCO LIMITED PROVIDENT INSTITUTION,BURNPUR | PF TRUST | Any other transaction | 177,400,000.00 | 1 |
| HSL CPO S&T CAL PROVIDENT FUND | PF Trust | Any other transaction | 135,200,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-01 | Q1FY27 | MANAGEMENT | Read the call |
| 2026-05-20 | Q4FY26 | Read the call | |
| 2026-02-06 | Q3FY26 | Read the call | |
| 2025-11-03 | Q2FY26 | Read the call | |
| 2025-08-01 | Q1FY26 | Read the call | |
| 2025-06-05 | Q4FY25 | Read the call | |
| 2025-02-17 | Q3FY25 | STEEL AUTHORITY OF INDIA | Read the call |
| 2024-11-13 | Q2FY25 | Read the call | |
| 2024-08-16 | Q1FY25 | AUTHORITY OF INDIA LIMITED | Read the call |
| 2024-05-29 | Q4FY24 | Ashish Kejriwal -, Equities, Finance and Accounts -, India Limited, Praveen Nigam - | Read the call |
| 2024-02-19 | Q3FY24 | MANAGEMENT | Read the call |
| 2023-11-21 | Q2FY23 | Read the call | |
| 2023-08-17 | Q1FY24 | Read the call | |
| 2023-06-02 | Q4FY23 | AUTHORITY OF INDIA LIMITED | Read the call |
| 2023-02-22 | Q3FY23 | Read the call | |
| 2022-08-16 | Q1FY23 | AUTHORITY OF INDIA LIMITED | Read the call |
| 2022-05-27 | Q4FY22 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | But thereafter, what would be the capex, it is difficult to predict at this juncture. | Nine months CAPEX is around Rs.3,900 crores. | Because, actually, some of the CAPEX payments towards ISP expansion, IISCO expansion will be there, actually, next year. | Now we have a substantial Brownfield Capex plan. | So, if this happens maybe with the CAPEX also what we are planning around about Rs. | And the second question is on capex, sir if you could just give us the details of this 31 -million- ton capacity increase that you are targeting where… | My first question is on the expansion plans, if you could indicate a timeline when we are going to start spending capex. | And the capex has picked up in FY26. Can you give an update on the expansion at 3 plants? |
| Capital allocation | — | — | — | Lastly Sir on this divestment of the loss-making unit at Visveswaraya and Salem steel plant any update you would like to share and also in the segment… | Towards stakeholder management, the Company had paid a total dividend of Rs. | So now with the government being very focused on divestment part, like, say, sometime like RINL was also on the selling block, then NMDC's Nagamar pla… | — | — |
| Costs | So I just want to know before going to this expansion, have all the raw material securities like coking coal or iron ore and everything has been place… | — | — | I think the entire industry has better realizations that was basically the better of the coal cost, but of course May again like there are some pressu… | So, are you going to in the DPR are you going to make sure that you have the raw materials security or that is what you are at present doing that sour… | And along with that, we have experts from different departments like operations, marketing, raw material, etcetera. | Just a follow-up on the cost side savings. | And sir, generally, given the Middle East issue and overall inflation, any other cost item influxes or something where we are seeing inflation in cost… |
| Debt and cash | And sir, just last question specific to RINL what we understand from the print media was, I think, one of the other private listed companies, they wer… | Sir, one question on the overall net debt. | And for that matter, to accommodate those borrowings, we have already reduced our working capital borrowing quite a lot. | Regarding your deleveraging plan for the future as you have already reduced your loan to 13500 Crores, can quantify any figure. | So, my next question is on working capital now every year there is a big swing last two years there was a release of almost more than 20,000 crores an… | And sir, with this context, again, how do we see our net debt moving because significant inventory liquidation would also happen. | — | But you're considering the cash flows sustain at the current level with the same kind of steel prices, right? |
| Demand | As far as the world economic scenario is concerned, which we have seen operating, but the global economy has moved a long way from the aftermath of CO… | The World Steel Association forecasts a 0.9% decline in global steel demand for 2024, reaching 1,751 mt, modest recovery is anticipated in 2025 with t… | Of late, it has seen positive movement in the demand and cost push in the prices, primarily because of increasing coal | But for the general steel industry sir how is the demand supply scenario for the country going to very likely change because of the introduction of th… | By engaging conversion services in and around the plant/demand pockets, the percentage share of semis in Steel Authority of India Limited has been eve… | The overall demand in 2023 has contracted by 1.1% over the previous year. | Coming to Indian steel industry, India's steel industry is experiencing a significant growth, driven by robust domestic demand and strategic investmen… | Steel Authority of India Limited May 16, 2026 So by looking at the current prices, do you think that there is a possibility of some kind of demand slo… |
| Guidance | And sir, what was the working capital buildup in Q3 and how much working capital unlocking can we expect in Q4? | So, first, can you share what is the nine months CAPEX, full year guidance and FY26? | In Quarter 4, because the coal prices are on the rise, we expect that the cost of production is going to go up in Quarter 4. | The second question is essentially that government of India has imposed export duty and we expect that realization in domestic market would be lower a… | For the year FY24 we have projected a sales volume of around 18.7 million ton which is an improvement of 15% over „22-23 and we expect that demand to … | While in our case is where the primary shareholder is on the divestment part, how sure are we on this capex guidance which we are highlighting? | And my second question, again on capex, if you could provide a specific guidance for FY '26 for capex? | So the first question is on the lines of what would be the sales volume guidance for the next 2 FYs, that is FY27 and '28? |
| Margin | As for the profitability is concerned, the company has registered an EBITDA of INR 8,451 crores, that is an improvement of 41% over CPLY. | On the other hand, the advanced economy sees a margin improvement in the projection for the two years that is 2025 and 2026 at 1.9% and 1.8% respectiv… | And we believe after we get that, then the production volume as well as the margin which will come from there will really bolster our profitability to… | — | And sir what sort of leverage level are we comfortable because today also I mean FY23 we have almost 3.5 times net debt to EBITDA, so this part of CAP… | On the profitability front, the company restored an EBITDA of INR12,280 crores, that is an ^Mtl | The turnover stood at INR1,02,000 crores approx. EBITDA, PBT and PAT stood at INR11,644 crores -- INR11,764 crores, INR3,009 crores and INR2,148 crore… | And on the Bokaro Steel Plant, can you detail out the factors which were behind the sharp recovery in EBITDA quarter-on- quarter for that plant? |
| People | So the NSR fall will be captured in the cost in better utilization of the assets? | Apart from the improvement in the operational performance, the Company also remains committed towards sustainable performance including emphasis on th… | Also, the company remains committed towards sustainable performance including emphasis on decarbonization, improving capacity utilization, value addit… | — | The percentage of semis in production is also coming down with higher capacity utilization of the mills. | May 21, 2024 And the second question was about the utilization level of structural mill at two plants, universal section as well as mix section mill. | Is it more driven by the better utilization of plant? | Just to understand a little bit on the volume side, what is your current capacity utilization? |
| Pricing | In terms of the -- another question was about the provisional rail price hike based on the FY '22 numbers for the FY '23. | — | Going forward, as the monsoon season and festive seasons are already over, we hope that the market will see an uptick in terms of pricing in Quarter 4… | Sir my question was currently HR coil prices are at around Rs.70000, Rs.72000 the export pricing what we understand it would be around the Rs.60000, R… | So, basically what is happening is the pricing is done after the financial year ends, but the issue which has come up is that till now we have not bee… | The turnover at INRI,04,545 crores has, however, grown by 1 % as the decline in the price realization by 6% had an adverse impact on the same. | On the pricing front -- actual prices front, we can see that prices of coal, which is one of the important parameters in the expenditure side as well … | So it is more of a raw material security than the price increase. |
| Revenue growth | The World Steel Association in its Short Range Outlook published during October 2023 has projected a growth of 1.8% and 1.9% during 2023 and 2024, res… | The top line and the bottom line for Indian producers have been impacted as the prices declined consistently. | We are also trying to reduce the cost as well as improve the top line. | — | The exports, however, declined to 0.4 million ton in Financial Year „23 from 1.4 million ton in Financial Year ‟22, a degrowth of 68% as the internati… | The reason is, however, expected to recover in the coming years with a growth of 2.9% and 5.3% in 2024 and 2025, respectively. | In the October 2024, SRO, the World Steel Association has forecast a demand growth of 1.2% in the year 2025. | So in spite of having those on the lower side in '25-'26, still we could post a profit which is with a growth of 50% -- in excess of 50%. |