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

Steel Authority of India Limited (SAIL), a prominent Maharatna among India’s Central Public Sector Enterprises, stands as one of the largest steel-making companies in the country. SAIL operates five integrated plants and three special steel plants, strategically located in India’s eastern and central regions, enabling easy access to domestic sources of raw materials. This company offers a diverse range of steel products and holds the position of the fourth-largest steel company in India based on market capitalization, which amounts to Rs. 42,441 Crore INR. Additionally, SAIL’s price-to-earnings ratio stands at 30.5, and its trading price on September 4th, 2023, is Rs. 103.

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

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SAIL Share Price Prediction: 2023 to 2025

SAIL Share Price Target 2023

When Maximum Price Minimum Price
September 2023 ₹111.61 ₹85.64
October 2023 ₹105.73 ₹87.03
November 2023 ₹97.65 ₹88.77
December 2023 ₹100.58 ₹91.44

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

When Maximum Price Minimum Price
January 2024 ₹105.87 ₹92.06
February 2024 ₹109.15 ₹94.91
March 2024 ₹110.25 ₹95.87
April 2024 ₹100.23 ₹87.15
May 2024 ₹94.11 ₹81.83
June 2024 ₹112.93 ₹98.20
July 2024 ₹107.29 ₹93.29
August 2024 ₹118.01 ₹102.62
September 2024 ₹123.91 ₹107.75
October 2024 ₹119.15 ₹103.61
November 2024 ₹125.11 ₹108.79
December 2024 ₹127.61 ₹110.96

SAIL Share Price Target 2025

SAIL Share Price
Target 2025
Maximum Price Minimum Price
January 2025 ₹130.16 ₹100.12
February 2025 ₹137.01 ₹105.39
March 2025 ₹143.86 ₹110.66
April 2025 ₹128.45 ₹98.81
May 2025 ₹116.77 ₹89.82
June 2025 ₹128.45 ₹98.81
July 2025 ₹122.33 ₹94.10
August 2025 ₹127.43 ₹98.02
September 2025 ₹133.80 ₹102.92
October 2025 ₹141.83 ₹109.10
November 2025 ₹151.76 ₹116.73
December 2025 ₹154.79 ₹119.07
  • Maximum SAIL Share Price Target 2025 – ₹154.79
  • Minimum SAIL Share Price Target 2025- ₹89.82

SAIL Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2026 ₹188.56 ₹132.00
2027 ₹160.28 ₹112.20
2028 ₹288.50 ₹201.95
2029 ₹592.63 ₹414.84
2030 ₹659.98 ₹461.98

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.

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

SAIL financials Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Sales 66,973 61,664 69,114 103,477 104,448
Expenses 57,167 51,400 56,337 82,114 96,408
Operating Profit 9,807 10,264 12,776 21,363 8,039
OPM % 15% 17% 18% 21% 8%
Other Income 283 280 1,349 902 1,854
Interest 3,155 3,487 2,817 1,698 2,037
Depreciation 3,385 3,756 4,103 4,275 4,964
Profit before tax 3,549 3,302 7,206 16,292 2,892
Tax % 34% 36% 42% 25% 25%
Net Profit 2,349 2,121 4,148 12,243 2,177
EPS in Rs 5.69 5.13 10.04 29.64 5.27
Dividend Payout % 9% 0% 28% 30% 28%

4 Top Steel Companies Compared: PE ratio and Marketcap

CMP Rs. P/E Mar Cap Rs.Cr.
JSW Steel 810 38.2 1,95,795
Tata Steel 132 78.5 1,60,955
Jindal Steel 706 33.9 72,197
SAIL 103 30.5 42,441

Top steel companies compared (4th September, 2023)


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


Conclusion: Is SAIL a good buy in 2023?

For those who wants to invest in a steel company, for them, SAIL could be a good option. Compared to Tata steel, which is the second largest STEEL company, SAIL is approximately just 1/3rd valuation of it.

Just saying the scope share price increase is higher with SAIL, if SAIL starts posting better numbers in next 5 to 10 years. This comparison is just to make it clear that there are opportunities, but I am no way saying SAIL will grow as big as Tata Steel or JSW steel. Financially, Steel Authority of India is posting good sales and profit numbers in general.

But be aware, with Steel Authority of India‘s profit and loss would depend a lot on raw steel prices. A good alternative to SAIL could be Jindal steel. Click here to check Jindal Steel’s share price target.

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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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