It rolls over valuation to mid-FY24 and value SAIL at 5.5x average of FY23E/FY24E EV/EBITDA to arrive at a TP of Rs241 (earlier Rs215). Reiterate BUY. At TP, it trades at 1.4x FY23E P/B. Promoters held 65.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.38 per cent, DIIs 12.47 per cent.
In medium to long term, SAIL share price may go up to ₹147 and ₹172 apiece levels.” According to shareholding pattern of SAIL for July to September 2021 quarter, Rakesh Jhunjhunwala holds 7.25 crore SAIL shares or 1.76 per cent stake in the company.
Is SAIL a good long term investment?
However, SAIL is a good long term bet and can easily double in the next 18 months.
As on 11th Feb 2022 SAIL Share Price closed @ 101.75 and we RECOMMEND Sell for LONG-TERM with Stoploss of 113.59 & Sell for SHORT-TERM with Stoploss of 106.63 we also expect STOCK to react on Following IMPORTANT LEVELS.
Why is SAIL making loss?
“Reduction in prices, which has hurt the financial performance of all major domestic steel producers during the quarter, impacted the profitability of SAIL as well with the company posting a (standalone) net loss of ₹429.62 crore in third quarter of FY20,” the company said.
ICICI Direct has buy call on Steel Authority of India (SAIL) with a target price of Rs 121. The current market price of Steel Authority of India (SAIL) is Rs 112.05. Time period given by analyst is 30 days when Steel Authority of India (SAIL) Ltd. price can reach defined target.
Is SAIL a debt free company?
The steel manufacturer has a net debt of around ₹ 30,000 crore by the end of April-June quarter of the financial year 2021-22, compared to ₹ 35,350 crore by the end of the previous fiscal year. … SAIL had decreased its net debt by ₹ 16,131 crore to ₹ 35,350 crore during the financial year 2020-21.
Is SAIL a private sector industry?
Steel Authority of India Limited (SAIL) is a government owned steel producer based in New Delhi, India. … According to a recent survey, SAIL is one of India’s fastest growing Public Sector Units. Besides, it has R&D Centre for Iron & Steel (RDCIS), Centre for Engineering in Ranchi, Jharkhand.
Which is better Tata Steel or SAIL?
SAIL is one of the largest public sector companies manufacturing iron and steel in India.
Tata Steel vs SAIL Business Overview.
|Key Risks||Raw material pricing risks||Dependence on external sources for coking coal Ageing employee mix and high manpower costs|
Why should you accumulate SAIL?
SAIL stock stands cheaper in terms of this metric against other top players in the industry (Tata Steel – 4.64 times; JSW Steel -6.53 times). … Hence, investors with a long term horizon and high risk apetite can consider accumulating the stock on dips from current levels.
Are sails profitable?
New Delhi, 29th October, 2021: Steel Authority of India Limited (SAIL) declared the financial results of the company for the second quarter (July – Sep’21) and H1 (Apr – Sep’21) of this financial year (FY 2021-22) today.