SAIL Share Price Targets: Steel Authority of India Limited (SAIL) is a central public sector company based in New Delhi, India which is one of the largest steel manufacturing companies in India. It is owned by the Ministry of Steel, Government of India. If you have invested or want to invest in SAIL, then in this article we will provide information about the company’s short-term, mid-term, and long-term forecast and share price target, in which we will discuss in detail the upcoming price targets of SAIL shares in 2024, 2025, 2026, 2027 and 2030.
About Steel Authority of India Limited
Steel Authority of India Limited (SAIL) is one of the largest steel producers in India and has Maharatna status. SAIL operates five integrated plants and three special steel plants, located primarily in the eastern and central regions of India, near major raw material sources. The company manufactures and sells a diverse range of steel products.
SAIL is one of the top steel manufacturers in India, with a crude steel capacity of 19.63 million tonnes per annum and a saleable steel capacity of 18.54 million tonnes per annum as of 31 March 2022. During FY22, the utilization rate for crude steel and saleable steel was 88% and 92%.
For FY23, SAIL planned to invest between Rs 60,000 million and Rs 80,000 million in capital expenditures.
SAIL Share Price Trend (SAIL Share Price Trend)
SAIL share price today -> ₹131.68
SAIL share price history: If we look at the history of SAIL stock, it was listed on 1 October 1992 at a price of Rs 80.00. After some fluctuations in the stock in the initial years, consolidation was seen in it from 1998 to 2003. SAIL’s bull run started in 2007 and in the same year it set a lifetime high of 292.45 which has not been broken yet.
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Talking about the last year, this stock has given returns of around 53% to investors and in the last 6 months, this stock has given returns of up to 2.8%.
| Duration | Value |
|---|---|
| 1 Year | 53.03% |
| 6 Months | 2.88% |
| 1 Month | -6.87% |
Talking about the short term, the stock is currently trading above the strong support of ₹ 144 and experts believe that this stock can give good returns in the long term. If you want to know what will happen next in SAIL stock, then let’s take a look at its upcoming targets which have been derived by studying the technical charts, fundamentals, and company’s financials.
SAIL Share Price Target 2024
| First target | ₹167.00 |
| Second target | ₹180.95 |
| Third target | ₹189.15 |
SAIL Share Price Target 2025
| First target | ₹197.25 |
| Second target | ₹210.25 |
| Third target | ₹223.60 |
SAIL Share Price Target 2026
| First target | ₹234.10 |
| Second target | ₹249.00 |
| Third target | ₹258.30 |
SAIL Share Price Target 2027
| First target | ₹280.70 |
| Second target | ₹292.45 |
| Third target | ₹320.00 |
SAIL Share Price Target 2030
| First target | ₹650.00 |
| Second target | ₹780.00 |
| Third target | ₹920.00 |
Note: These forecasts and targets are based on technical analysis, past performance and machine learning models and are provided for educational purposes only and not as investment advice from us.
SAIL Financial Results
If we look at the financial results of SAIL, the company’s sales in the March 2024 quarter were Rs 27,959 crore and net profit (Profit After Tax) was Rs 1,126 crore.
| Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 27,959 | 23,349 | 29,712 | 24,359 | 29,131 | 25,042 | 26,246 | 24,029 | 30,759 |
| Expenses | 24,476 | 21,206 | 25,837 | 22,710 | 26,206 | 22,964 | 25,511 | 21,727 | 26,421 |
| Operating Profit | 3,483 | 2,142 | 3,875 | 1,649 | 2,924 | 2,079 | 735 | 2,302 | 4,338 |
| Net Profit | 1,126 | 423 | 1306 | 212 | 1,159 | 542 | -329 | 804 | 2,479 |
SAIL Share News
SAIL Executive Director of Finance and Accounts, Praveen Nigam has said that both crude steel production and finished steel consumption have grown by 13% and he expects positive growth in 2024, and 2025 as well.
According to the forecast of the World Steel Association, steel demand may grow by 1.7% and 1.2% during 2024 and 2025, as countries like India, Russia, Germany, Iran, etc. are driving this growth.
SAIL’s debt declined significantly to Rs 135 billion in FY 2022 from Rs 358 billion in FY 2021, driven by high cash generation from the company’s operations and recovery of receivables from Indian Railways.
SAIL Dividend Policy
SAIL keeps giving the gift of dividends to its shareholders from time to time and this year also the company has announced give dividend, whose record date is 20 February 2024. You can know in detail about the dividend payment history of SAIL in this article – SAIL Dividend 2024
SAIL Share Price Target FAQs
What is the market cap of SAIL?
The market cap of SAIL is Rs 54,448 crore.
What is the Promoter holding in SAIL?
The promoter’s stake in SAIL is 65.00%. In the March 2024 quarter, the stake of DIIs in the company increased to 15.86%, which was 15.46% in December 2023.
Who is the Chairman of SAIL?
The Chairman and Managing Director of SAIL is Shri Amarendu Prakash.
