| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29,712 | 23,349 | 27,959 | 23,998 | 24,675 | 24,490 | 29,316 | 25,922 | 26,704 | 27,371 | 30,813 | 26,246 | |
Growth YoY Revenue Growth YoY% | 13.2 | -6.8 | -4.0 | -1.5 | -16.9 | 4.9 | 4.9 | 8.0 | 8.2 | 11.8 | 5.1 | 1.3 |
| 25,837 | 21,206 | 24,476 | 21,778 | 21,762 | 22,460 | 25,832 | 23,153 | 24,176 | 25,077 | 26,405 | 22,093 | |
| 3,875 | 2,142 | 3,483 | 2,220 | 2,913 | 2,030 | 3,484 | 2,769 | 2,528 | 2,294 | 4,409 | 4,153 | |
OPM OPM% | 13.0 | 9.2 | 12.5 | 9.3 | 11.8 | 8.3 | 11.9 | 10.7 | 9.5 | 8.4 | 14.3 | 15.8 |
| -174 | 355 | -43 | -28 | 322 | 393 | 362 | 235 | -34 | 248 | 202 | 87 | |
Interest Expense Interest ExpenseCr | 605 | 614 | 642 | 691 | 758 | 680 | 664 | 595 | 484 | 547 | 532 | 493 |
Depreciation DepreciationCr | 1,327 | 1,321 | 1,356 | 1,402 | 1,304 | 1,421 | 1,524 | 1,441 | 1,453 | 1,516 | 1,577 | 1,560 |
PBT PBTCr | 1,770 | 563 | 1,441 | 98 | 1,173 | 323 | 1,657 | 968 | 556 | 480 | 2,502 | 2,187 |
| 464 | 140 | 316 | 16 | 276 | 181 | 406 | 223 | 137 | 106 | 666 | 543 | |
| 1,306 | 423 | 1,126 | 82 | 897 | 142 | 1,251 | 745 | 419 | 374 | 1,835 | 1,644 | |
Growth YoY PAT Growth YoY% | 496.4 | -22.0 | -2.9 | -61.5 | -31.3 | -66.5 | 11.1 | 810.5 | -53.3 | 163.6 | 46.7 | 120.8 |
NPM NPM% | 4.4 | 1.8 | 4.0 | 0.3 | 3.6 | 0.6 | 4.3 | 2.9 | 1.6 | 1.4 | 6.0 | 6.3 |
| 3.2 | 1.0 | 2.7 | 0.2 | 2.2 | 0.3 | 3.0 | 1.8 | 1.0 | 0.9 | 4.4 | 4.0 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29,712 | 23,349 | 27,959 | 23,998 | 24,675 | 24,490 | 29,316 | 25,922 | 26,704 | 27,371 | 30,813 | 26,246 | |
Growth YoY Revenue Growth YoY% | 13.2 | -6.8 | -4.0 | -1.5 | -16.9 | 4.9 | 4.9 | 8.0 | 8.2 | 11.8 | 5.1 | 1.3 |
| 25,837 | 21,206 | 24,476 | 21,778 | 21,762 | 22,460 | 25,832 | 23,153 | 24,176 | 25,077 | 26,405 | 22,093 | |
| 3,875 | 2,142 | 3,483 | 2,220 | 2,913 | 2,030 | 3,484 | 2,769 | 2,528 | 2,294 | 4,409 | 4,153 | |
OPM OPM% | 13.0 | 9.2 | 12.5 | 9.3 | 11.8 | 8.3 | 11.9 | 10.7 | 9.5 | 8.4 | 14.3 | 15.8 |
| -174 | 355 | -43 | -28 | 322 | 393 | 362 | 235 | -34 | 248 | 202 | 87 | |
Interest Expense Interest ExpenseCr | 605 | 614 | 642 | 691 | 758 | 680 | 664 | 595 | 484 | 547 | 532 | 493 |
Depreciation DepreciationCr | 1,327 | 1,321 | 1,356 | 1,402 | 1,304 | 1,421 | 1,524 | 1,441 | 1,453 | 1,516 | 1,577 | 1,560 |
PBT PBTCr | 1,770 | 563 | 1,441 | 98 | 1,173 | 323 | 1,657 | 968 | 556 | 480 | 2,502 | 2,187 |
| 464 | 140 | 316 | 16 | 276 | 181 | 406 | 223 | 137 | 106 | 666 | 543 | |
| 1,306 | 423 | 1,126 | 82 | 897 | 142 | 1,251 | 745 | 419 | 374 | 1,835 | 1,644 | |
Growth YoY PAT Growth YoY% | 496.4 | -22.0 | -2.9 | -61.5 | -31.3 | -66.5 | 11.1 | 810.5 | -53.3 | 163.6 | 46.7 | 120.8 |
NPM NPM% | 4.4 | 1.8 | 4.0 | 0.3 | 3.6 | 0.6 | 4.3 | 2.9 | 1.6 | 1.4 | 6.0 | 6.3 |
| 3.2 | 1.0 | 2.7 | 0.2 | 2.2 | 0.3 | 3.0 | 1.8 | 1.0 | 0.9 | 4.4 | 4.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 38,793 | 44,210 | 57,496 | 66,973 | 61,664 | 69,114 | 1,03,477 | 1,04,448 | 1,05,378 | 1,02,479 | 1,10,811 | 1,11,135 |
Growth Revenue Growth% | -15.9 | 14.0 | 30.1 | 16.5 | -7.9 | 12.1 | 49.7 | 0.9 | 0.9 | -2.8 | 8.1 | 6.5 |
| 41,696 | 44,143 | 52,861 | 57,212 | 51,448 | 56,375 | 82,135 | 96,408 | 94,229 | 91,833 | 98,811 | 97,751 | |
| -2,903 | 67 | 4,636 | 9,762 | 10,216 | 12,739 | 21,342 | 8,039 | 11,149 | 10,646 | 12,000 | 13,384 | |
OPM OPM% | -7.5 | 0.1 | 8.1 | 14.6 | 16.6 | 18.4 | 20.6 | 7.7 | 10.6 | 10.4 | 10.8 | 12.0 |
| 493 | 427 | 726 | 328 | 328 | 1,387 | 923 | 1,854 | 665 | 1,049 | 651 | 503 | |
Interest Expense Interest ExpenseCr | 2,300 | 2,528 | 2,823 | 3,155 | 3,487 | 2,817 | 1,698 | 2,037 | 2,474 | 2,793 | 2,158 | 2,057 |
Depreciation DepreciationCr | 2,404 | 2,682 | 3,066 | 3,385 | 3,756 | 4,103 | 4,275 | 4,964 | 5,278 | 5,651 | 5,988 | 6,107 |
PBT PBTCr | -7,114 | -4,716 | -527 | 3,549 | 3,302 | 7,206 | 16,292 | 2,892 | 4,062 | 3,252 | 4,506 | 5,724 |
| -2,938 | -1,960 | -245 | 1,201 | 1,181 | 3,058 | 4,048 | 716 | 995 | 880 | 1,133 | 1,452 | |
PAT PATCr | -4,177 | -2,756 | -281 | 2,349 | 2,121 | 4,148 | 12,243 | 2,177 | 3,067 | 2,372 | 3,373 | 4,272 |
Growth PAT Growth% | -315.4 | 34.0 | 89.8 | 934.6 | -9.7 | 95.6 | 195.2 | -82.2 | 40.9 | -22.7 | 42.2 | 40.8 |
NPM NPM% | -10.8 | -6.2 | -0.5 | 3.5 | 3.4 | 6.0 | 11.8 | 2.1 | 2.9 | 2.3 | 3.0 | 3.8 |
| -10.1 | -6.7 | -0.7 | 5.7 | 5.1 | 10.0 | 29.6 | 5.3 | 7.4 | 5.7 | 8.2 | 10.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 38,793 | 44,210 | 57,496 | 66,973 | 61,664 | 69,114 | 1,03,477 | 1,04,448 | 1,05,378 | 1,02,479 | 1,10,811 | 1,11,135 |
Growth Revenue Growth% | -15.9 | 14.0 | 30.1 | 16.5 | -7.9 | 12.1 | 49.7 | 0.9 | 0.9 | -2.8 | 8.1 | 6.5 |
| 41,696 | 44,143 | 52,861 | 57,212 | 51,448 | 56,375 | 82,135 | 96,408 | 94,229 | 91,833 | 98,811 | 97,751 | |
| -2,903 | 67 | 4,636 | 9,762 | 10,216 | 12,739 | 21,342 | 8,039 | 11,149 | 10,646 | 12,000 | 13,384 | |
OPM OPM% | -7.5 | 0.1 | 8.1 | 14.6 | 16.6 | 18.4 | 20.6 | 7.7 | 10.6 | 10.4 | 10.8 | 12.0 |
| 493 | 427 | 726 | 328 | 328 | 1,387 | 923 | 1,854 | 665 | 1,049 | 651 | 503 | |
Interest Expense Interest ExpenseCr | 2,300 | 2,528 | 2,823 | 3,155 | 3,487 | 2,817 | 1,698 | 2,037 | 2,474 | 2,793 | 2,158 | 2,057 |
Depreciation DepreciationCr | 2,404 | 2,682 | 3,066 | 3,385 | 3,756 | 4,103 | 4,275 | 4,964 | 5,278 | 5,651 | 5,988 | 6,107 |
PBT PBTCr | -7,114 | -4,716 | -527 | 3,549 | 3,302 | 7,206 | 16,292 | 2,892 | 4,062 | 3,252 | 4,506 | 5,724 |
| -2,938 | -1,960 | -245 | 1,201 | 1,181 | 3,058 | 4,048 | 716 | 995 | 880 | 1,133 | 1,452 | |
PAT PATCr | -4,177 | -2,756 | -281 | 2,349 | 2,121 | 4,148 | 12,243 | 2,177 | 3,067 | 2,372 | 3,373 | 4,272 |
Growth PAT Growth% | -315.4 | 34.0 | 89.8 | 934.6 | -9.7 | 95.6 | 195.2 | -82.2 | 40.9 | -22.7 | 42.2 | 40.8 |
NPM NPM% | -10.8 | -6.2 | -0.5 | 3.5 | 3.4 | 6.0 | 11.8 | 2.1 | 2.9 | 2.3 | 3.0 | 3.8 |
| -10.1 | -6.7 | -0.7 | 5.7 | 5.1 | 10.0 | 29.6 | 5.3 | 7.4 | 5.7 | 8.2 | 10.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 |
Reserves ReservesCr | 36,021 | 32,912 | 32,816 | 35,516 | 37,380 | 41,276 | 50,081 | 50,616 | 52,971 | 54,775 | 56,225 |
| 38,689 | 46,365 | 43,419 | 41,617 | 44,965 | 45,070 | 39,343 | 49,334 | 53,464 | 46,060 | 43,620 | |
| 22,462 | 24,208 | 35,076 | 36,689 | 40,453 | 27,342 | 26,555 | 26,400 | 30,143 | 31,405 | 31,920 | |
| 1,01,302 | 1,07,615 | 1,15,441 | 1,17,952 | 1,26,928 | 1,17,819 | 1,20,109 | 1,30,481 | 1,40,709 | 1,36,371 | 1,35,896 | |
| 24,269 | 25,676 | 29,749 | 32,382 | 41,098 | 30,740 | 28,826 | 37,961 | 48,123 | 41,885 | 35,915 | |
| 77,033 | 81,939 | 85,692 | 85,571 | 85,829 | 87,079 | 91,283 | 92,520 | 92,586 | 94,486 | 99,981 | |
| 1,01,302 | 1,07,615 | 1,15,441 | 1,17,952 | 1,26,928 | 1,17,819 | 1,20,109 | 1,30,481 | 1,40,709 | 1,36,371 | 1,35,896 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 | 4,131 |
Reserves ReservesCr | 36,021 | 32,912 | 32,816 | 35,516 | 37,380 | 41,276 | 50,081 | 50,616 | 52,971 | 54,775 | 56,225 |
| 38,689 | 46,365 | 43,419 | 41,617 | 44,965 | 45,070 | 39,343 | 49,334 | 53,464 | 46,060 | 43,620 | |
| 22,462 | 24,208 | 35,076 | 36,689 | 40,453 | 27,342 | 26,555 | 26,400 | 30,143 | 31,405 | 31,920 | |
| 1,01,302 | 1,07,615 | 1,15,441 | 1,17,952 | 1,26,928 | 1,17,819 | 1,20,109 | 1,30,481 | 1,40,709 | 1,36,371 | 1,35,896 | |
| 24,269 | 25,676 | 29,749 | 32,382 | 41,098 | 30,740 | 28,826 | 37,961 | 48,123 | 41,885 | 35,915 | |
| 77,033 | 81,939 | 85,692 | 85,571 | 85,829 | 87,079 | 91,283 | 92,520 | 92,586 | 94,486 | 99,981 | |
| 1,01,302 | 1,07,615 | 1,15,441 | 1,17,952 | 1,26,928 | 1,17,819 | 1,20,109 | 1,30,481 | 1,40,709 | 1,36,371 | 1,35,896 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,043 | 2,160 | 6,164 | 7,215 | -618 | 23,430 | 30,987 | -5,290 | 2,911 | 9,914 | 19,039 | |
| -4,805 | -5,467 | -6,480 | -3,694 | -4,261 | -3,295 | -3,976 | -3,371 | -4,261 | -5,269 | -7,899 | |
| 743 | 3,302 | 269 | -3,549 | 5,003 | -19,808 | -27,398 | 8,587 | 1,362 | -4,424 | -11,403 | |
Net Cash Flow Net Cash FlowCr | -20 | -5 | -47 | -28 | 125 | 328 | -387 | -74 | 12 | 222 | -263 |
Free Cash Flow Free Cash FlowCr | -2,450 | -3,267 | -441 | 3,335 | -4,999 | 20,019 | 27,557 | -8,812 | -1,297 | 4,537 | 10,942 |
CFO To PAT CFO To PAT% | -96.8 | -78.4 | -2,190.3 | 307.2 | -29.1 | 564.8 | 253.1 | -243.1 | 94.9 | 418.0 | 564.5 |
CFO To EBITDA CFO To EBITDA% | -139.3 | 3,219.7 | 133.0 | 73.9 | -6.0 | 183.9 | 145.2 | -65.8 | 26.1 | 93.1 | 158.7 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,043 | 2,160 | 6,164 | 7,215 | -618 | 23,430 | 30,987 | -5,290 | 2,911 | 9,914 | 19,039 | |
| -4,805 | -5,467 | -6,480 | -3,694 | -4,261 | -3,295 | -3,976 | -3,371 | -4,261 | -5,269 | -7,899 | |
| 743 | 3,302 | 269 | -3,549 | 5,003 | -19,808 | -27,398 | 8,587 | 1,362 | -4,424 | -11,403 | |
Net Cash Flow Net Cash FlowCr | -20 | -5 | -47 | -28 | 125 | 328 | -387 | -74 | 12 | 222 | -263 |
Free Cash Flow Free Cash FlowCr | -2,450 | -3,267 | -441 | 3,335 | -4,999 | 20,019 | 27,557 | -8,812 | -1,297 | 4,537 | 10,942 |
CFO To PAT CFO To PAT% | -96.8 | -78.4 | -2,190.3 | 307.2 | -29.1 | 564.8 | 253.1 | -243.1 | 94.9 | 418.0 | 564.5 |
CFO To EBITDA CFO To EBITDA% | -139.3 | 3,219.7 | 133.0 | 73.9 | -6.0 | 183.9 | 145.2 | -65.8 | 26.1 | 93.1 | 158.7 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 17,761 | 25,279 | 28,996 | 22,181 | 9,521 | 32,569 | 40,706 | 34,275 | 55,411 | 47,439 | 62,516 | 76,596 |
Price To Earnings Price To Earnings | 9.4 | 4.5 | 7.8 | 3.3 | 15.8 | 18.1 | 20.0 | 18.5 | 17.9 | |||
Price To Sales Price To Sales | 0.5 | 0.6 | 0.5 | 0.3 | 0.1 | 0.5 | 0.4 | 0.3 | 0.5 | 0.5 | 0.6 | 0.7 |
Price To Book Price To Book | 0.4 | 0.7 | 0.8 | 0.6 | 0.2 | 0.7 | 0.8 | 0.6 | 1.0 | 0.8 | 1.0 | 1.3 |
EV To EBITDA EV To EBITDA | -17.4 | 951.0 | 15.3 | 6.5 | 5.9 | 5.5 | 2.7 | 8.0 | 8.2 | 7.8 | 7.8 | 7.8 |
GPM GPM% | 28.5 | 29.3 | 33.0 | 38.1 | 41.3 | 43.3 | 45.3 | 30.2 | 32.7 | 33.3 | 33.9 | 33.9 |
OPM OPM% | -7.5 | 0.1 | 8.1 | 14.6 | 16.6 | 18.4 | 20.6 | 7.7 | 10.6 | 10.4 | 10.8 | 12.0 |
NPM NPM% | -10.8 | -6.2 | -0.5 | 3.5 | 3.4 | 6.0 | 11.8 | 2.1 | 2.9 | 2.3 | 3.0 | 3.8 |
ROCE ROCE% | -6.6 | -2.9 | 2.9 | 8.3 | 7.3 | 12.1 | 25.2 | 5.8 | 7.0 | 6.3 | 7.2 | 7.2 |
ROE ROE% | -10.4 | -7.4 | -0.8 | 5.9 | 5.1 | 9.1 | 22.6 | 4.0 | 5.4 | 4.0 | 5.6 | 5.6 |
ROA ROA% | -4.1 | -2.6 | -0.2 | 2.0 | 1.7 | 3.5 | 10.2 | 1.7 | 2.2 | 1.7 | 2.5 | 2.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 17,761 | 25,279 | 28,996 | 22,181 | 9,521 | 32,569 | 40,706 | 34,275 | 55,411 | 47,439 | 62,516 | 76,596 |
Price To Earnings Price To Earnings | 9.4 | 4.5 | 7.8 | 3.3 | 15.8 | 18.1 | 20.0 | 18.5 | 17.9 | |||
Price To Sales Price To Sales | 0.5 | 0.6 | 0.5 | 0.3 | 0.1 | 0.5 | 0.4 | 0.3 | 0.5 | 0.5 | 0.6 | 0.7 |
Price To Book Price To Book | 0.4 | 0.7 | 0.8 | 0.6 | 0.2 | 0.7 | 0.8 | 0.6 | 1.0 | 0.8 | 1.0 | 1.3 |
EV To EBITDA EV To EBITDA | -17.4 | 951.0 | 15.3 | 6.5 | 5.9 | 5.5 | 2.7 | 8.0 | 8.2 | 7.8 | 7.8 | 7.8 |
GPM GPM% | 28.5 | 29.3 | 33.0 | 38.1 | 41.3 | 43.3 | 45.3 | 30.2 | 32.7 | 33.3 | 33.9 | 33.9 |
OPM OPM% | -7.5 | 0.1 | 8.1 | 14.6 | 16.6 | 18.4 | 20.6 | 7.7 | 10.6 | 10.4 | 10.8 | 12.0 |
NPM NPM% | -10.8 | -6.2 | -0.5 | 3.5 | 3.4 | 6.0 | 11.8 | 2.1 | 2.9 | 2.3 | 3.0 | 3.8 |
ROCE ROCE% | -6.6 | -2.9 | 2.9 | 8.3 | 7.3 | 12.1 | 25.2 | 5.8 | 7.0 | 6.3 | 7.2 | 7.2 |
ROE ROE% | -10.4 | -7.4 | -0.8 | 5.9 | 5.1 | 9.1 | 22.6 | 4.0 | 5.4 | 4.0 | 5.6 | 5.6 |
ROA ROA% | -4.1 | -2.6 | -0.2 | 2.0 | 1.7 | 3.5 | 10.2 | 1.7 | 2.2 | 1.7 | 2.5 | 2.5 |
Documents — Steel Authority of India Ltd
Concall Transcript Summaries — Steel Authority of India Ltd