AI Summary
✦ ClarthaSteel Authority of India Limited is a steel-making company producing railway products, flat steel, and long products. Railway rails and related products, hot- and cold-rolled products, and structural steel, TMT bars, pipes, and wire rods drive its revenue mix. Its Rs 854.57 crore pellet-plant BOP order supports project activity, but the disclosure does not quantify a specific margin or growth effect. Revenue increased 8.1% year-on-year, while profit rose 42.2%, with margins stable. SAIL’s 52.9 debt-to-equity ratio indicates substantial leverage, which can amplify returns but increases interest and balance-sheet risk. ROE is unavailable, limiting assessment of capital efficiency despite earnings growth. At 17.1 times earnings, valuation appears fair relative to the sector, rather than clearly discounted. However, leverage and steel-price cyclicality remain key risks, while the open question is whether profit growth can persist without margin expansion. Market sentiment is neutral.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 29 analysts
Fundamentals
Fundamentals institutional score is 89 using growth durability 89.2.
Valuation
Valuation institutional score is 39 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 30 using mean target upside 3.5%; dispersion penalty 23.6; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 51 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is skewing constructive on impact and recency. Based on 10 recent ticker-linked news items.
Signal Summary
Market intelligence remains Neutral. fundamentals and market sentiment provide support, while valuation and analyst consensus remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 33.0% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.53). Confidence: 80%.
Live forward EPS implies next-12-month EPS of ₹15.86. Applying the stock's normalized valuation corridor produces a fair range of ₹176.68 to ₹233.62, with base value near ₹202.85 (+17.9% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹15.86
Forward P/E
10.8x
Base Fair Value
₹202.85
Fair Range
₹176.68 - ₹233.62
Upside To Base
+17.9%
Estimate Source
Live forward EPS
Growth Estimate
+121.1%
5Y Average
11.28
Current
17.01
Overvalued
14.73
Undervalued
11.14
5Y Average
5.04
Current
7.60
Overvalued
5.98
Undervalued
3.85
5Y Average
1.04
Current
1.18
Overvalued
1.19
Undervalued
0.88
Peers & Comparison
Sector: Industrials · Theme: Building Products - Pipes
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
JINDAL SAW LIMITED JINDALSAWBuilding Products - Pipes | +9.0% | 3.6% | 27.3x Undervalued | -25% vs avg | +33.5% |
APL APOLLO TUBES LTD APLAPOLLOBuilding Products - Pipes | +8.5% | 5.2% | 45.6x Premium | +25% vs avg | +24.1% |
RATNAMANI MET & TUB LTD. RATNAMANIBuilding Products - Pipes | -6.9% | 10.0% | 36.7x Fair | +1% vs avg | -5.4% |
STEEL AUTHORITY OF INDIA trades at a discount (16.7x vs peer avg 36.5x), suggesting potential undervaluation relative to the Building Products - Pipes cohort. Peers include JINDAL SAW LIMITED, APL APOLLO TUBES LTD, RATNAMANI MET & TUB LTD. — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹27.37K CrDec 2025Latest net profit
₹442 CrDec 2025Latest EPS
₹1.07Dec 2025Net margin
2.9%Dec 2025Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Dec 2025
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29,131 | 24,358 | 29,714 | 23,345 | 27,958 | 23,998 | 24,675 | 24,490 | 29,316 | 25,921 | 26,704 | 27,371 |
| Expenses | 26,217 | 22,710 | 25,845 | 21,205 | 24,483 | 21,778 | 21,770 | 22,465 | 25,835 | 23,157 | 24,178 | 25,073 |
| Operating Profit | 1,549 | 372 | 2,543 | 820 | 2,120 | 817 | 1,601 | 605 | 1,957 | 1,324 | 1,073 | 783 |
| OPM % | 5.32% | 1.53% | 8.56% | 3.51% | 7.58% | 3.41% | 6.49% | 2.47% | 6.68% | 5.11% | 4.02% | 2.86% |
| Other Income | 487 | 164 | 174 | 179 | 353 | 200 | 269 | 364 | 300 | 161 | 303 | 331 |
| Interest | 517 | 613 | 605 | 614 | 642 | 691 | 758 | 679 | 664 | 595 | 484 | 547 |
| Depreciation | 1,364 | 1,275 | 1,326 | 1,321 | 1,356 | 1,402 | 1,304 | 1,420 | 1,523 | 1,441 | 1,453 | 1,515 |
| Profit before tax | 1,520 | -76.67 | 2,111 | 384 | 1,831 | 326 | 1,113 | 290 | 1,593 | 890 | 891 | 568 |
| Tax % | 31.58% | -68.24% | 21.58% | 33.66% | 17.33% | 1.1% | 25.08% | 66.4% | 24.23% | 22.96% | 14.15% | 22.17% |
| Net Profit | 1,040 | -129 | 1,656 | 255 | 1,514 | 322 | 834 | 97.27 | 1,207 | 685 | 765 | 442 |
| EPS in Rs | 2.54 | 0.36 | 3.00 | 0.80 | 2.45 | 0.03 | 2.02 | 0.30 | 2.85 | 1.66 | 1.03 | 1.07 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.