About
S.A.L. Steel Limited engages in the manufacture and sale of sponge iron, ferro alloys in India. The company operates through Iron & Steel and Power segments. It also provides direct reduced iron, iron ore pellets, and finished steel products. In addition, the company generates and sells 40 MW power from waste heat recovery boiler and fluidized bed combustion boiler. S.A.L. Steel Limited was incorporated in 2003 and is based in Gandhinagar, India. S.A.L. Steel Limited operates as a subsidiary of Sree Metaliks Limited. As of December 26, 2025, S.A.L. Steel Limited operates as a subsidiary of Sree Metaliks Limited.
Key Metrics
as of Sep 2026Market Cap1,178 Cr
P/E—
Div Yield0.00 %
Book Value₹10.10
52w High₹86.30
52w Low₹26.10
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 87.37 | 11.97 | 2.20 | 65.73 | 127.68 | 116.94 | 193.82 | 123.52 | 110.71 | 139.46 | 129.53 | 157.00 | 153.64 |
| Expenses | 73.82 | 4.89 | 2.23 | 52.76 | 132.99 | 117.09 | 181.73 | 117.65 | 104.73 | 130.16 | 127.26 | 151.23 | 148.00 |
| Operating Profit | 13.55 | 7.08 | -0.03 | 12.97 | -5.31 | -0.15 | 12.09 | 5.87 | 5.98 | 9.30 | 2.27 | 5.77 | 5.64 |
| OPM % | 15.51 | 59.15 | -1.36 | 19.73 | -4.16 | -0.13 | 6.24 | 4.75 | 5.40 | 6.67 | 1.75 | 3.68 | 3.67 |
| Other Income | 0.00 | 0.00 | 16.09 | 0.00 | 0.00 | 0.00 | -4.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 2.77 | 2.79 | 2.69 | 2.70 | 2.69 | 2.84 | 2.58 | 2.55 | 2.60 | 2.46 | 2.38 | 2.40 | 2.38 |
| Interest | 6.25 | 4.57 | 5.67 | 5.14 | 4.93 | 5.10 | 4.87 | 3.22 | 3.18 | 3.17 | 3.22 | 3.20 | 3.14 |
| Profit before tax | 4.53 | -0.28 | 7.70 | 5.13 | -12.93 | -8.09 | 0.48 | 0.10 | 0.20 | 3.67 | -3.33 | 0.17 | 0.12 |
| Tax % | 31.79 | 267.86 | 13.90 | 27.29 | -25.21 | -26.21 | 241.67 | 40.00 | 20.00 | 26.43 | -25.53 | 17.65 | 16.67 |
| Net Profit | 3.09 | -1.03 | 6.63 | 3.73 | -9.67 | -5.97 | -0.68 | 0.06 | 0.16 | 2.70 | -2.48 | 0.14 | 0.10 |
| EPS in Rs | 0.21 | -0.07 | 0.61 | 0.44 | -1.14 | -0.70 | -0.08 | 0.01 | 0.02 | 0.32 | -0.29 | 0.02 | 0.01 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 208.00 | 544.00 | 577.00 | 496.00 | 505.00 | 301.00 | 408.00 | 571.00 | 446.00 | 361.00 | 327.00 | 363.00 |
| Expenses | 193.00 | 521.00 | 555.00 | 487.00 | 509.00 | 301.00 | 426.00 | 562.00 | 440.00 | 351.00 | 304.00 | 337.00 |
| Operating Profit | 15.00 | 23.00 | 21.00 | 8.00 | -4.00 | 0.00 | -18.00 | 9.00 | 6.00 | 10.00 | 23.00 | 26.00 |
| OPM % | 7.00 | 4.30 | 3.70 | 1.70 | -0.70 | -0.10 | -4.50 | 1.60 | 1.40 | 2.70 | 7.00 | 7.00 |
| Other Income | 16.00 | -3.00 | 2.00 | 14.00 | 29.00 | 22.00 | 44.00 | -19.00 | 66.00 | 2.00 | -31.00 | -47.00 |
| Interest | 20.00 | 17.00 | 13.00 | 8.00 | 0.00 | 0.00 | 2.00 | 2.00 | 1.00 | 1.00 | 12.00 | 30.00 |
| Depreciation | 11.00 | 11.00 | 10.00 | 10.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 9.00 |
| Profit before tax | 0.00 | -7.00 | 1.00 | 6.00 | 16.00 | 12.00 | 17.00 | -19.00 | 64.00 | 4.00 | -29.00 | -59.00 |
| Tax % | -10.00 | -12.00 | 26.00 | 36.00 | 29.00 | 7.00 | 7.00 | 16.00 | 34.00 | 75.00 | 0.00 | 28.00 |
| Net Profit | 0.00 | -6.00 | 0.00 | 4.00 | 12.00 | 12.00 | 16.00 | -22.00 | 42.00 | 1.00 | -29.00 | -76.00 |
| EPS in Rs | -0.02 | -0.76 | 0.06 | 0.42 | 1.36 | 1.36 | 1.87 | -2.54 | 4.99 | 0.10 | -3.39 | -8.93 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 145.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 |
| Reserves | 2.00 | -46.00 | -43.00 | -43.00 | -47.00 | -59.00 | -70.00 | -86.00 | -65.00 | -124.00 | -120.00 | -91.00 |
| Borrowings | 349.00 | 178.00 | 125.00 | 125.00 | 124.00 | 146.00 | 161.00 | 170.00 | 175.00 | 172.00 | 86.00 | 121.00 |
| Other Liabilities | 126.00 | 122.00 | 117.00 | 110.00 | 129.00 | 123.00 | 139.00 | 114.00 | 87.00 | 162.00 | 199.00 | 172.00 |
| Total Liabilities | 621.00 | 338.00 | 284.00 | 277.00 | 291.00 | 295.00 | 314.00 | 283.00 | 282.00 | 296.00 | 250.00 | 287.00 |
| Fixed Assets | 142.00 | 151.00 | 143.00 | 136.00 | 146.00 | 155.00 | 118.00 | 126.00 | 128.00 | 133.00 | 140.00 | 147.00 |
| CWIP | 174.00 | 1.00 | 1.00 | 3.00 | 1.00 | 1.00 | 46.00 | 11.00 | 25.00 | 25.00 | 25.00 | 56.00 |
| Investments | 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 Assets | 306.00 | 187.00 | 140.00 | 137.00 | 144.00 | 139.00 | 150.00 | 147.00 | 130.00 | 138.00 | 86.00 | 83.00 |
| Total Assets | 621.00 | 338.00 | 284.00 | 277.00 | 291.00 | 295.00 | 314.00 | 283.00 | 282.00 | 296.00 | 250.00 | 287.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -84.00 | -21.00 | 26.00 | 8.00 | 22.00 | 24.00 | 54.00 | -4.00 | 7.00 | -6.00 | 2.00 | 22.00 |
| Cash from Investing Activity | -175.00 | -18.00 | -13.00 | -2.00 | 0.00 | -1.00 | -35.00 | 8.00 | -3.00 | -1.00 | -1.00 | 0.00 |
| Cash from Financing Activity | 259.00 | 39.00 | -13.00 | -7.00 | -22.00 | -22.00 | -18.00 | -6.00 | -3.00 | 7.00 | -1.00 | -22.00 |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | 1.00 | 0.00 | -2.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | -259.00 | -21.00 | 26.00 | 8.00 | 22.00 | 23.00 | 18.00 | 4.00 | 4.00 | -6.00 | 0.00 | 22.00 |
| CFO/OP % | -574.00 | -91.00 | 123.00 | 126.00 | -729.00 | -8,893.00 | -295.00 | -44.00 | 108.00 | -61.00 | 8.00 | 84.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3.00 | 45.00 | 42.00 | 51.00 | 40.00 | 104.00 | 107.00 | 58.00 | 28.00 | 51.00 | 45.00 | 13.00 |
| Inventory Days | 543.00 | 81.00 | 40.00 | 57.00 | 47.00 | 56.00 | 22.00 | 28.00 | 85.00 | 92.00 | 48.00 | 43.00 |
| Days Payable | 58.00 | 17.00 | 32.00 | 28.00 | 46.00 | 111.00 | 75.00 | 43.00 | 30.00 | 44.00 | 38.00 | 34.00 |
| Cash Conversion Cycle | 488.00 | 110.00 | 50.00 | 81.00 | 41.00 | 50.00 | 54.00 | 43.00 | 83.00 | 99.00 | 55.00 | 22.00 |
| Working Capital Days | 293.00 | 19.00 | 25.00 | 32.00 | -71.00 | 8.00 | 10.00 | 23.00 | 35.00 | -43.00 | -228.00 | -216.00 |
| ROCE % | 1.00 | 7.00 | 8.00 | 8.00 | 10.00 | 7.00 | 11.00 | 2.00 | 1.00 | 5.00 | 18.00 | 10.00 |
Corporate Actions
19 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 07 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 13 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 09 Dec 2020 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2018 | — | — | — | Annual General Meeting (Date Revised) |
| Other | 20 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 13 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 13 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2011 | — | — | — | Annual General Meeting |
| Other | 08 Sep 2010 | — | — | — | Annual General Meeting |
| Other | 08 Sep 2009 | — | — | — | Annual General Meeting |
| Other | 08 Sep 2008 | — | — | — | General |
| Other | 08 Sep 2008 | — | — | — | Annual General Meeting |
| Other | 06 Sep 2007 | — | — | — | Agm |
| Other | 15 Sep 2006 | — | — | — | Agm |
| Other | 08 Sep 2005 | — | — | — | Agm Purpose Revised |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update27 Mar from smera
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Rating update5 Oct 2015 from icra