| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 87.4 | 128 | −31.5% |
| EBITDA | 13.6 | −5.5 | — |
| EBITDA margin | 15.5% | −4.3% | +19.8 pts |
| Profit before tax | 4.5 | −12.9 | — |
| Net profit | 3.1 | −9.7 | — |
| EPS | ₹0.21 | −₹1.14 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 112 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.5 | 0.5 | 0.2 | 0.2 | 0.2 | ||
| 349 | 349 | 178 | 125 | 125 | ||
| 461 | — | — | — | — | ||
| 167 | 207 | 544 | — | 496 | ||
| — | −61.9% | — | — | — | ||
| 33.5 | 14.5 | 23.2 | — | 8.5 | ||
| 20.1% | 7.0% | 4.3% | — | 1.7% | ||
| 22.6 | 3.7 | 12.7 | — | −1.1 | ||
| 12.4 | −0.4 | −6.4 | — | 3.5 | ||
| 7.4% | −0.2% | −1.2% | — | 0.7% | ||
| ₹8.58 | −₹0.24 | −₹4.44 | — | ₹2.44 | ||
| — | +94.6% | — | — | — | ||
| — | −84.3 | −20.7 | 26.2 | 8.4 | ||
| — | −175 | −18.6 | −13.6 | −2.2 | ||
| −259 | −259 | −39.3 | 12.6 | 6.2 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 111.8 | |
| - Cash, Equiv & ST Investments | 0.2 | 0.2 | 0.2 | 0.5 | 0.5 | |
| + Total Debt | 125.0 | 125.0 | 177.5 | 349.2 | 349.2 | |
| Enterprise Value | — | — | — | — | 460.5 | |
| Revenue | 495.7 | — | 544.1 | 207.4 | 167.2 | |
| Growth %, YoY | — | — | — | -61.9 | — | |
| EBITDA | 8.5 | — | 23.2 | 14.5 | 33.5 | |
| Margin % | 1.71 | — | 4.27 | 7.00 | 20.05 | |
| EBIT | -1.1 | — | 12.7 | 3.7 | 22.6 | |
| Net Income | 3.5 | — | -6.4 | -0.4 | 12.4 | |
| Margin % | 0.71 | — | -1.18 | -0.17 | 7.43 | |
| EPS, Adj (current shares) | 2.44 | — | -4.44 | -0.24 | 8.58 | |
| Growth %, YoY | — | — | — | +94.6 | — | |
| Cash from Operations | 8.4 | 26.2 | -20.7 | -84.3 | — | |
| Capital Expenditures | -2.2 | -13.6 | -18.6 | -174.8 | — | |
| Free Cash Flow | 6.2 | 12.6 | -39.3 | -259.1 | -259.1 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
S.A.L. Steel (NSE: SALSTEEL) had a market capitalisation of ₹113 crore at the 30 October 2026 close (₹78.26 a share), a PE ratio of 9.1 on the last four quarters' profit and a price-to-book ratio of 0.77. In FY26 its consolidated net loss was ₹35 lakh on revenue of ₹207 crore; in Q1 FY27 (April–June 2026) it was ₹3.1 crore. Its debt-to-equity ratio was 2.38 on 31 March 2026. Promoters held 70.98% of the shares on 30 September 2026.
S.A.L. Steel's PE ratio is 9.1 at the 30 October 2026 close (₹78.26 a share): a market capitalisation of ₹113 crore divided by consolidated net profit of ₹12.4 crore over the last four quarters (Q2 FY26 to Q1 FY27). These four quarters include net exceptional items of ₹16.1 crore (one-off gains reported separately), so the ratio on recurring profit would differ.
S.A.L. Steel's price-to-book (PB) ratio is 0.77 at the 30 October 2026 close: a market capitalisation of ₹113 crore divided by shareholders' equity (book value) of ₹147 crore on 31 March 2026. That is a book value of ₹101.26 per share against a share price of ₹78.26.
In FY26, S.A.L. Steel's return on equity (ROE) was −0.4% and its return on capital employed (ROCE) was 1.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −15.9% and ROCE 6.8%.
S.A.L. Steel's market capitalisation was ₹113 crore at the 30 October 2026 close: 1.45 crore shares at ₹78.26 each.
No. S.A.L. Steel had borrowings of ₹349 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 2.38. Its cash and current investments were ₹47 lakh, so its net debt was ₹349 crore.
S.A.L. Steel's debt-to-equity ratio was 2.38 on 31 March 2026: borrowings of ₹349 crore against total equity of ₹147 crore. A year earlier, on 31 March 2025, it was 4.58.
S.A.L. Steel's net worth — shareholders' equity in its consolidated balance sheet — was ₹147 crore on 31 March 2026, up 278.6% from ₹38.7 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹113 crore at the 30 October 2026 close.
In FY26, S.A.L. Steel generated ₹84.3 crore of cash from operations and spent ₹175 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹259 crore. In FY25 it was −₹39.3 crore.
In FY26 (April 2025–March 2026), S.A.L. Steel's consolidated net loss was ₹35 lakh, narrower than the loss of ₹6.4 crore in FY25, on revenue from operations of ₹207 crore (down 61.9%).
S.A.L. Steel's book value per share was ₹101.26 on 31 March 2026: shareholders' equity of ₹147 crore divided by the 1.45 crore shares in issue. The share price at the 30 October 2026 close was ₹78.26.
Promoters held 70.98% of S.A.L. Steel on 30 September 2026, unchanged from the previous quarter and up 20.42 percentage points from 50.56% a year earlier, according to the shareholding pattern filed with NSE.
S.A.L. Steel has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
S.A.L. Steel's basic earnings per share (EPS) were −₹0.04 in FY26, against −₹0.76 in FY25.
On 30 September 2026, S.A.L. Steel's shares were held by promoters 70.98%, foreign portfolio investors (FII/FPI) 0.04%, domestic institutions (DII) 0.00% (including mutual funds at 0.00%) and retail and other non-institutional investors 28.98%. Over the year, FII holding was up 0.04 percentage points from 0.00%.
S.A.L. Steel's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹3.1 crore, against a loss of ₹9.7 crore in Q1 FY26; revenue from operations ₹87.4 crore, down 31.5% year on year.
On FY26 consolidated figures, against Vraj Iron and Steel, Vaswani Industries and KIOCL: S.A.L. Steel's operating margin of 1.8% is the third highest of the four (Vraj Iron and Steel 5.8%, Vaswani Industries 6.6%, KIOCL −11.1%; peer average 0.4%); its return on equity of −0.4% is the lowest of the four (Vraj Iron and Steel 7.7%, Vaswani Industries 3.0%, KIOCL 1.0%; peer average 3.9%).
In FY26, S.A.L. Steel earned net profit of ₹35 lakh on revenue of ₹207 crore, against ₹32 crore on ₹588 crore for Vraj Iron and Steel. S.A.L. Steel's operating margin was 1.8% (Vraj Iron and Steel 5.8%) and its return on equity −0.4% (Vraj Iron and Steel 7.7%). At the 30 October 2026 close, S.A.L. Steel's market capitalisation was ₹113 crore against ₹400 crore for Vraj Iron and Steel.
From S.A.L. Steel's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.