| ₹ 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 previous close · figures from the company's filings with NSE
S.A.L. Steel (NSE: SALSTEEL) had a market capitalisation of ₹112 crore at the previous close (₹77.22 a share), a PE ratio of 9.0 on the last four quarters' profit and a price-to-book ratio of 0.76. 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 9.0 at the previous close (₹77.22 a share): a market capitalisation of ₹112 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 0.76 at the previous close: a market capitalisation of ₹112 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 ₹77.22.
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 ₹112 crore at the previous close: 1.45 crore shares at ₹77.22 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 basic earnings per share (EPS) were −₹0.04 in FY26, against −₹0.76 in FY25.
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 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 previous close was ₹77.22.
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'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 ₹112 crore at the previous 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%).
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.
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%).
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.
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%).
From S.A.L. Steel's own consolidated results, balance sheets and shareholding patterns filed with NSE. 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.