On 19th March 2025, the market recorded a surge in stock values of various steel companies. Among them, Steel Authority Of India Limited or SAIL Share Price jumped nearly 4%.
The DGTR- Directorate General of Trade Remedies, noticed a heavy increase in the imports of flat steel products to India, which can impact local businesses adversely. After these observations, the authorities recommended imposing a safeguard duty on Indian steel manufacturers. Many Indian steel companies have been looking forward to such safeguard duties from the government for a long time. Contrary to the government, which suggested a 10-15% tariff, major steel producers insisted on a more substantial 25% tariff.
Following this news, multiple brokerage firms forecast positive predictions for Indian steel companies. Nuvama stated that every Rs. 1,000 per ton change in the price of flat steel products directly impacts its expected EBITDA FY26. If the price of flat steel products increases by ₹1,000 per ton, SAIL’s EBITDA is expected to improve by 7-8% and decline by the same if flat steel products decrease in cost.
Morgan Stanley stressed that if the Indian government imposes a safeguard duty of 10-15% on steel imports, it could harm SAIL’s profitability. Specifically, SAIL’s EBITDA could drop by 20% to 40%. SAIL’s shares opened to the market at Rs. 113.50 and are currently down by 0.1% compared to the opening bell rates and up by 4.3% compared to the previous close of 108.91.
SAIL Share Price in Today’s Market
At 10:55 a.m., SAIL’s share price was Rs. 112.51, nearly 0.4% lower than the opening rate. And 4% higher/lower than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 46,484 cores; the UC Limit is 119.80, and the LC Limit is 98.01.
Company Financials
Steel Authority of India Limited is the largest government-owned steel company in the country. It released its Q3 financial results on 11th February, 2025. According to the data, Crude Steel Production stood at 4.63 million tonnes, a slight decrease from 4.75 million tonnes in Q3 FY24. The company’s sales volume increased to 4.43 million tonnes from 3.81 million tonnes in the Q3 of the previous year. SAIL reported Rs. 24,490 crore in revenue from operations, marking a 5% increase compared to Rs. 23,349 crore in the same quarter of FY24. The company reported a net profit of Rs. 142 crore, a significant decline from Rs. 423 crore in Q3 FY24.
Recent News About SAIL
- To tackle the current market challenges, SAIL collaborated with industry stakeholders and the government to increase domestic steel consumption.
- In January 2025, SAIL signed an MoU with IRCON International to work on rail infrastructure projects in India and abroad.
SAIL Share Price Target
Market experts on Trendlyne predicted that Steel Authority of India (SAIL) Ltd. has an average target of 115.50. The consensus estimate represents an upside of 2.39% from the last price of 112.80.
Recommendation On Buy, Sell, Or Hold?
Most experts on sources like Money Control TradingView and Trendlyne strongly suggest holding or selling the shares. Only 12% of analysts on Money Control support buying SAIL shares.
Before investing in the company, consider its long-term performance and consult your analyst to make the perfect move.
