S.A.L. Steel Ltd.

BSE: SALSTEEL532604ISIN INE658G01014

Commodities
Sponge Iron

Share price

₹84.56+4.02 (+4.99%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹102.40
52W low: ₹32.41
Off 52W high: -17.42%
1M return: -9.63%
3M return: +40.12%
6M return: +46.93%
1Y return: +109.51%
20D avg volume: 53,929
50 DMA: ₹82.37
200 DMA: ₹60.06

Key ratios Standalone

Market cap: ₹1,224 Cr
Current price: ₹84.56
52W high / low: ₹102.40 / ₹32.41
Face value: ₹10.00
P/E: 98.33
P/B: 27.02
EPS (TTM): ₹0.86
Book value / share: ₹3.13
ROE: 27.44%
ROCE: 4.00%
Operating margin: 15.51%
Net margin: 3.54%
Debt / equity: 2.38
Net debt: ₹348.73 Cr
Interest cover: 0.98
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 369.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	87.37	11.93	2.20	65.73	127.55	116.38	193.56	123.48	110.70	139.46	126.94	157.00
	0.00	0.04	0.00	0.00	0.13	0.56	0.26	0.04	0.01	—	2.59	—
	87.37	11.97	2.20	65.73	127.68	116.94	193.82	123.52	110.71	139.46	129.53	157.00
	82.84	12.24	10.60	60.60	140.62	125.03	189.18	123.42	110.51	135.79	132.86	156.83
	65.86	34.71	0.00	58.46	105.72	101.50	167.38	102.94	95.92	113.96	98.68	119.14
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	0.24	—
	3.36	0.37	0.33	2.99	3.31	2.99	2.89	2.90	3.32	2.26	4.03	4.33
	6.25	4.57	5.67	5.14	4.93	5.10	4.67	3.22	3.18	3.17	3.22	3.20
	2.77	2.79	2.69	2.70	2.69	2.84	2.58	2.55	2.60	2.46	2.38	2.40
	12.53	3.23	0.76	11.33	13.62	9.67	6.76	2.69	2.75	2.33	—	3.59
	4.53	-0.27	-8.40	5.13	-12.94	-8.09	4.64	0.10	0.20	3.67	-3.33	0.17
	0.00	0.00	16.09	0.00	0.00	0.00	-4.16	—	—	—	—	—
	4.53	-0.27	7.69	5.13	-12.94	-8.09	0.48	0.10	0.20	3.67	-3.33	0.17
	1.44	0.75	1.07	1.40	-3.26	-2.12	1.16	0.04	0.04	0.97	0.85	0.03
	3.09	-1.02	6.62	3.73	-9.68	-5.97	-0.68	0.06	0.16	2.70	-2.48	0.14
	0.21	-0.07	0.68	0.44	-1.14	-0.70	-0.08	0.01	0.02	0.32	-0.29	0.02
Key metrics
	13.55	7.09	16.05	12.97	-5.32	-0.15	7.73	5.87	5.98	9.30	2.27	5.77
	15.50%	59.40%	729.50%	19.70%	-4.20%	-0.10%	4.00%	4.80%	5.40%	6.70%	1.80%	3.70%
	3.50%	-8.50%	300.90%	5.70%	-7.60%	-5.10%	-0.40%	0.00%	0.10%	1.90%	-2.00%	0.10%
	—	0.90%	—	5.90%	—	-1.60%	—	—	—	—	—	—
	-31.50%	-89.70%	-98.90%	-46.80%	15.20%	-16.50%	52.50%	-21.40%	—	—	—	—
	131.90%	82.90%	1,073.50%	6,116.70%	-6,150.00%	-321.10%	72.60%	-57.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	167.23	207.40	544.12	576.64	495.73	505.27
	0.04	0.17	0.87	1.58	14.40	29.26
	167.27	207.57	544.99	578.22	510.13	534.53
	166.28	224.05	548.14	577.58	504.61	518.28
	159.03	198.89	467.74	442.81	375.91	378.78
	0.00	0.00	0.00	—	—	—
	7.05	7.00	12.10	14.02	18.73	17.11
	21.63	20.31	16.67	12.73	7.82	0.19
	10.95	10.86	10.57	9.62	9.54	9.16
	27.85	28.94	58.34	12.08	15.52	15.55
	0.99	-16.48	-3.15	0.64	5.52	16.25
	16.09	16.09	-4.16	—	—	—
	17.08	-0.39	-7.31	0.64	5.52	16.25
	4.66	0.04	-0.88	0.17	1.98	4.70
	12.42	-0.35	-6.43	0.47	3.54	11.55
	1.26	-0.04	-0.76	0.06	0.42	1.36
Key metrics
	49.66	30.78	19.93	22.99	22.88	25.60
	29.70%	14.80%	3.70%	4.00%	4.60%	5.10%
	7.43%	-0.20%	-1.20%	0.10%	0.70%	2.30%
	—	4.00%	5.10%	—	—	—
	-70.19%	-61.90%	-5.60%	16.30%	-1.90%	—
	—	94.60%	-1,468.10%	-86.70%	-69.40%	—
	—	-259.14	-39.30	—	—	—
	—	240.89	3.22	—	—	—
	—	2.38	4.58	—	—	—
	—	348.73	177.34	—	—	—
	—	369.9	98.8	—	—	—
Balance sheet
	—	621.47	338.45	—	—	—
	—	294.27	184.06	—	—	—
	—	0.47	0.19	—	—	—
	—	1.71	67.81	—	—	—
	—	233.43	99.95	—	—	—
	—	58.14	15.15	—	—	—
	—	141.70	150.52	—	—	—
	—	24.94	20.46	—	—	—
	—	127.30	155.93	—	—	—
	—	349.20	177.53	—	—	—
	—	58.29	52.53	—	—	—
	—	290.91	125.00	—	—	—
	—	146.62	38.73	—	—	—
Cash flow
	—	-84.31	-20.68	—	—	—
	—	-174.75	-18.20	—	—	—
	—	259.36	38.86	—	—	—
	—	174.83	18.62	—	—	—

Compounded growth

Sales CAGR 3Y: -25.21%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -70.19%
Profit YoY (TTM): +176.34%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 70.98%

Quarter	September 2026	June 2026
Promoter %	70.98%	70.98%

Holder	Type	Holding	Previous	Change
SREE METALIKS LIMITED	Promoter	57.51%	57.51%	0.00%
SHAH ALLOYS LIMITED	Promoter	13.47%	13.47%	0.00%
VORA FINANCIAL SERVICES PVT LTD	Public	4.84%	4.86%	-0.02%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
KIOCL Limited S	20,612	339.15	529.92	1.30%	+27.42% TTM	+120.29% TTM	-20.11%
S.A.L. Steel Ltd. S	1,224	84.56	98.33	4.00%	-70.19% TTM	+176.34% TTM	+109.51%
VRAJ IRON AND STEEL LIMITED	417	126.50	11.61	8.90%	+29.01% TTM	-0.55% TTM	-12.76%
Vaswani Industries Limited S	134	40.71	-2,035.50	8.00%	+8.46% TTM	-100.52% TTM	-33.66%
Bihar Sponge Iron Ltd S	106	11.80	9.08	22.10%	-42.68% TTM	+32.39% TTM	-6.94%

Filings & corporate actions

Recent announcements

S.A.L. Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve SAL Steel Limited informed BSE ....2 Nov 2026 · Board Meeting / Board Meeting
Submission of Newspaper Advertisement in compliance with Regulation 47 of the SEBI(LODR) Regulation, 2015 informing about completion of dispatch of Notice of the Postal Ballot and remote ....20 Oct 2026 · Company Update / Newspaper Publication
Postal Ballot Notice along with Explanatory Statement which is being sent to members for seeking approval on the items of business as mentioned in the notice19 Oct 2026 · AGM/EGM / Postal Ballot
Outcomes of Board Meeting held on today 16th October, 2026 to transact other business16 Oct 2026 · Others / Outcome without intimation
Submission of Certificate under Reg. 74(5) of SEBI (DP) Regulation, 2018 for the Quarter ended on September 30, 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vora Financial Services Pvt Ltd7 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Pursance to Regulation 30 of SEBI (LODR) Regulation 2015, this is to inform that Board of Directors of the company in its meeting held today October 01, 2026 has availing Additional Term ....1 Oct 2026 · Company Update / General
Outcomes of Board Meeting held on 01.10.20261 Oct 2026 · Others / Outcome without intimation
Scrutinizer Report and Voting Results in relation to 23rd Annual General Meeting held on 25th September, 202626 Sep 2026 · AGM/EGM / AGM
Summary of Proceedings of 23rd Annual General Meeting ("AGM") of the Company held on Friday, 25th September, 2026 pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) ....25 Sep 2026 · Company Update / Meeting Updates
Summary of Proceedings of 23rd Annaul General Meeting ("AGM") of the company held on Friday, 25th September, 2026 pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) ....25 Sep 2026 · AGM/EGM / AGM
Trading Window for dealing in the securities of the company by designated Persons shall remain closed from October 01, 2026 till 48 hours after announcement/declaration of Financial Results ....22 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of News Paper Clippings-Notice of 23rd Annual General Meeting and related information.2 Sep 2026 · Company Update / Newspaper Publication
Submission of Annual Report 2025-26 including notice of 23rd Annual General Meeting of the Company1 Sep 2026 · Others / Reg. 34 (1) Annual Report
23rd Annual General Meeting is scheduled to be held on Friday, September 25, 2026 at 12.30 P.M through Video Conference (VC)/Other Audio Visual Means ("OAVM")1 Sep 2026 · AGM/EGM / AGM
Submission of Newspaper publication for Un-Audited Standalone Financial Result for the Quarter ended as on June 30, 202615 Aug 2026 · Company Update / Newspaper Publication
Appointment of Mrs Monika Goyal (DIN: 11881952) as an Additional Director in the Capacity of Non-Executive Independent Woman Directors of the Company14 Aug 2026 · Company Update / Change in Management
Submission of Un-Audited Standalone Financial Results for the Quarter ended as on June 30, 202614 Aug 2026 · Result / Financial Results
Submission of Unaudited Financial Results for the Quarter ended on June 30, 2026 and to transact Other Business of the Company14 Aug 2026 · Board Meeting / Outcome of Board Meeting
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vora Financial Services Pvt Ltd11 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
S.A.L. Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve S.A.L. Steel Ltd has informed ....6 Aug 2026 · Board Meeting / Board Meeting
Submission of Public Notice in accordance with SEBI Letter Dated July 30, 2026 (""SEBI Extension Letter"")5 Aug 2026 · Company Update / Newspaper Publication
Submission of Certificate under Reg. 74(5) of SEBI (DP) Regulation, 2018 for the Quarter ended June 30, 20267 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Appointment of Shri Anil Kumar Singh as Chief Financial Officer (CFO) of the Company1 Jul 2026 · Company Update / Change in Management
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 this is to inform that the Board of Directors of the Company at their meeting held today, ....1 Jul 2026 · Others / Outcome without intimation
Intimation in respect of Closure of Trading Window for dealing in the Securities of the Company by Designated persons shall remain closed from July 01, 2026 till 48 hours after declaration ....24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of News Paper publication for Audited Financial Result for the Quarter and Year ended on March 31, 202630 May 2026 · Company Update / General
Announcement under Regulation 30 of SEBI (LODR) Regulation 2015- Statement of Deviation or Variation(s) in the proceeds of Equity share/Warrants under Regulation 32 of SEB (LODR) Regulation ....30 May 2026 · Company Update / General
Intimation under Regulation 30 of SEBI (LODR) Regulation 2015 inter alia availing Term Loan from Axis Finance Bank Limited29 May 2026 · Company Update / General
Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 for appointment of Cost auditor of the company29 May 2026 · Company Update / General
Appointment of M/s NRPS & Associates LLP, Chartered Accountant as an Internal Auditor of the Company29 May 2026 · Company Update / General
Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 for Change in Registered Office of the Company within local limits of the same city29 May 2026 · Company Update / Change in Registered Office Address
Outcome of Board Meeting held on May 29, 202629 May 2026 · Board Meeting / Outcome of Board Meeting
Submission of Audited Standalone Financial Statement for the Quarter and the Financial Year ended on 31.03.202629 May 2026 · Result / Financial Results
Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026, issued by Kamlesh M Shah & Co, Practicing Company Secretary27 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
S.A.L. Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Sal Steel Informed the BSE that ....21 May 2026 · Board Meeting / Board Meeting
Intimation of Reconstitution of Audit Committee, Nomination Remuneration Committee, Stakeholders'' Relationship Committee and CSR Committee due to Resignation of Shri Mitesh V Jariwala ....19 May 2026 · Company Update / General
Submission of Scrutinizer Report on Postal Ballot voting through E-voting conducted by the Company held pursuant to Postal Ballot notice dated 28th March, 202619 May 2026 · AGM/EGM / Postal Ballot
Resignation of Shri Mitesh V Jariwala (DIN:09396683) from the post of Independent Director of the Company16 May 2026 · Company Update / Resignation of Director
Submission of Newspaper Advertisement in compliacne with Regulation 47 of the SEBI (LODR) Regulations, 2015 informing about completion of dispatch of Notice of the Postal Ballot and remote ....18 Apr 2026 · Company Update / Newspaper Publication

Board meetings

6 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results