Steel Authority of India Ltd (SAIL) Share Price Target 2023, 2024, 2025 to 2030

Throughout this article, we’ll look at SAIL in greater detail and examine its share price forecast from 2023 to 2030.

In terms of revenue and profits, the company has grown significantly over the last five years. But every investor is wondering if SAIL is a good stock to buy. Let’s look at the numbers to find out.

Latest news about SAIL

• As Steel Authority of India Ltd expands capacity in Burnpur, Durgapur, Bengal stands to gain significantly.
• SAIL provides specialized steel plates for the P17A Project.
• The 7th frigate ship of the Indian Navy receives 4,000 tonnes of steel plates from SAIL.
• SAIL Q1 FY2024 Profits Slide 73%, Yet Beat Estimates: Improved other income and tax benefits counterbalance decline
• Steel Authority of India Limited (SAIL) has entered into a partnership with eParivahan, a startup based in Kolkata, to serve as its newly appointed logistics partner.
• SAIL achieves record-breaking production as its crude steel output increases by 8% in Q1, accompanied by a significant 24% rise in sales.

SAIL Q1 FY 2024 News

• SAIL Q1 FY2024 Profits Decline: Steel Authority of India (SAIL) reports a 73.5% YoY decrease in consolidated profit for Q1 FY2024, amounting to Rs. 212.5 crore compared to Rs. 804.5 crore in the previous year.
• Positive Factors Offsetting Decline: Despite the profit decline, SAIL’s Q1 results were better than expected due to increased other income (2.7 times growth) and reduced tax expenses (68.8% decrease), which helped counterbalance the adverse impacts on profit.
• Operational Challenges and Margins: SAIL faced challenges in operational performance with muted revenue growth of 1.4%. EBITDA for the quarter stood at Rs. 1,648.8 crore, down 28.4% YoY, causing EBITDA margins to contract from 9.6% to 6.8%.
• Market Response and Outlook: SAIL’s stock experienced fluctuations following the results, and market analysts maintain a ‘Neutral’ view, citing lower volume offtake and higher input costs. However, positive expectations arise from potential demand growth in sectors like infrastructure, construction, power, consumer durables, and automobiles.

How to purchase SAIL shares?

Below are the trading platforms that you can use to purchase SAIL shares:

• Zerodha
• Upstox
• Groww
• AngelOne
• ICICIDirect

Recommended stock broking company

SAIL Share Price Prediction: 2023 to 2025

SAIL Share Price Target 2023

YTD, SAIL is up by 15.35%. In the last 1 year, SAIL is up by 27.45%

In September 2023, the expected maximum price is ₹111.61, while the minimum price is ₹85.64. Moving into October, the maximum price is predicted to drop slightly to ₹105.73, with a minimum price of ₹87.03.

November’s maximum price is predicted to be ₹97.65, and the minimum price is expected to be ₹88.77.

Finally, in December 2023, the maximum price target rises to ₹100.58, with a minimum price of ₹91.44.

SAIL Share Price Target 2024

SAIL Share Price Target 2025

• Maximum SAIL Share Price Target 2025 – ₹154.79
• Minimum SAIL Share Price Target 2025- ₹89.82

SAIL Share Price Prediction 2026-2030

SAIL’s maximum price target for 2029 is predicted to be ₹592.63, while the minimum price target is expected to be ₹112.20 in 2027. This indicates a potential upside of approximately 429.36% compared to the minimum price target.

Steel Authority of India’s average target for the years 2026 to 2030 is expected to be around ₹378.79, which indicates a potential return of approximately 188.48% from the current price levels.

Financial Condition of Steel Authority of India (SAIL): Last 5 years

4 Top Steel Companies Compared: PE ratio and Marketcap

Top steel companies compared (4th September, 2023)

FAQS

What is SAIL’s current share price?

As of August 13th, 2023, SAIL’s share price is Rs. 103.

What is the expected share price target for SAIL in 2025?

Based on market analysis, SAIL’s share price target for 2025 ranges between 89 INR to ₹154.79 INR.

Can SAIL’s share price reach 500 INR by 2025?

It is unlikely that SAIL’s share price will reach 500 INR by 2025. This would require an unprecedented increase in the stock’s value. According to our analysis, the best SAIL can reach by 2025 is ₹154.79. However, by 2029, SAIL may cross Rs.500.

What are the key factors affecting SAIL’s share price target?

The key factors affecting SAIL’s share price target include market demand for steel, the company’s financial performance, and government policies related to the steel industry.

How has SAIL performed in the last five years?

In the last five years, SAIL has shown steady growth in revenue, operating profit, and net profit. However, the company has also faced challenges such as high debt and low dividend payouts.

What is SAIL’s dividend payout ratio?

SAIL’s dividend payout ratio has varied in the last five years, ranging from 0% to 29.52%.

What is SAIL’s OPM (Operating Profit Margin)?

SAIL’s OPM has increased from 8.19% in March 2018 to 20.65% in March 2022. SAIL OPM% for 2023 is 8%.

What is SAIL’s EPS (Earnings Per Share)?

SAIL’s EPS has decreased from 32.04 in March 2022 to 8.46 in May 2023.

What is SAIL’s price-to-earnings ratio?

SAIL’s price-to-earnings ratio has varied in the last five years, ranging from -53.1 to 27.1

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Conclusion: Is SAIL a good buy in 2023?

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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