Steel Authority of India Ltd

Steel Authority of India Ltd maintains a capital structure characterized by a debt-to-equity ratio of 0.53 and a current ratio of 0.82. The balance sheet shows total assets of 1,358,961,100,000 INR against total liabilities of 755,402,300,000 INR and total equity of 603,558,800,000 INR. Long-term debt stands at 319,277,100,000 INR, while cash and equivalents are limited to 7,325,100,000 INR, resulting in a negative net cash position. Operating cash flow is robust at 190,393,000,000 INR, but free cash flow is slightly negative at -584,700,000 INR due to significant capital expenditures of 87,580,700,000 INR.

Profitability metrics indicate a return on equity of 5.59% and a return on assets of 2.48%. The company reported revenue of 1,108,108,400,000 INR with a gross profit of 557,288,800,000 INR, yielding an operating income of 53,440,900,000 INR and net income of 33,728,000,000 INR. Without cohort median data for direct comparison, these returns reflect the company's standalone efficiency in converting assets and equity into earnings within the steel sector.

Net income surged 42.2% year-over-year to INR 33.7 billion in FY2026, demonstrating strong recent profitability growth.

Gross profit expanded significantly to INR 557.3 billion in FY2026, indicating improved top-line efficiency and margin expansion.

Cash conversion ratio of 5.64 ranks as best-in-class compared to the cohort median of 1.2.

Revenue grew 8.1% year-over-year to INR 1.11 trillion in FY2026, showing consistent top-line expansion.

Long-term debt decreased to INR 319.3 billion in FY2026 from INR 369.3 billion in FY2025, reducing leverage.

The company carries a high credit risk flag, signaling significant potential financial distress or default probability.

Analyst consensus recommendation is 'sell' with a median price target of 170.0, indicating negative market sentiment.

Net income CAGR was -27.6% over the last four years, reflecting long-term earnings deterioration.

Operating margin of 4.8% and net margin of 3.0% are both below their respective cohort medians.

Revenue INR 308.13B, +5,1% YoY; Operating income +29,6% YoY.

• ▍Revenue INR 308.13B, +5,1% YoY
• ▍Operating income +29,6% YoY
• ▍Net income +46,7% YoY
• ▍Net margin 6.0%

Revenue INR 273.71B, +11,8% YoY; Operating income +22,1% YoY.

• ▍Revenue INR 273.71B, +11,8% YoY
• ▍Operating income +22,1% YoY
• ▍Net income +163,6% YoY
• ▍Net margin 1.4%

Revenue INR 267.04B, +8,2% YoY; Operating income −54,2% YoY.

• ▍Revenue INR 267.04B, +8,2% YoY
• ▍Operating income −54,2% YoY
• ▍Net income −53,3% YoY
• ▍Net margin 1.6%

Revenue INR 259.22B, +8,0% YoY; Operating income +162,3% YoY.

• ▍Revenue INR 259.22B, +8,0% YoY
• ▍Operating income +162,3% YoY
• ▍Net income +810,5% YoY
• ▍Net margin 2.9%

Revenue INR 293.16B; Operating income INR 19.31B.

• ▍Revenue INR 293.16B
• ▍Operating income INR 19.31B
• ▍Net margin 4.3%

Revenue INR 244.90B; Operating income INR 6.38B.

• ▍Revenue INR 244.90B
• ▍Operating income INR 6.38B
• ▍Net margin 0.6%

Revenue INR 246.75B; Operating income INR 16.09B.

• ▍Revenue INR 246.75B
• ▍Operating income INR 16.09B
• ▍Net margin 3.6%

Revenue INR 239.98B; Operating income INR 5.06B.

• ▍Revenue INR 239.98B
• ▍Operating income INR 5.06B
• ▍Net margin 0.3%

Revenue INR 1.11T, +8,1% YoY; Operating income +6,3% YoY.

• ▍Revenue INR 1.11T, +8,1% YoY
• ▍Operating income +6,3% YoY
• ▍Net income +42,2% YoY
• ▍Free cash flow −104,2% YoY
• ▍Net margin 3.0%

Revenue INR 1.02T, −2,8% YoY; Operating income −8,4% YoY.

• ▍Revenue INR 1.02T, −2,8% YoY
• ▍Operating income −8,4% YoY
• ▍Net income −22,7% YoY
• ▍Free cash flow −54,0% YoY
• ▍Net margin 2.3%

Revenue INR 1.05T, +0,9% YoY; Operating income +35,4% YoY.

• ▍Revenue INR 1.05T, +0,9% YoY
• ▍Operating income +35,4% YoY
• ▍Net income +40,9% YoY
• ▍Free cash flow +60,7% YoY
• ▍Net margin 2.9%

Revenue INR 1.04T, +0,9% YoY; Operating income −76,1% YoY.

• ▍Revenue INR 1.04T, +0,9% YoY
• ▍Operating income −76,1% YoY
• ▍Net income −82,2% YoY
• ▍Free cash flow −80,8% YoY
• ▍Net margin 2.1%