The metal price changes very rapidly from time to time as a result its effects can be seen in the metal stocks. The metal stocks are very volatile due to the fluctuation in demand for the metal. As of now, metal stocks are performing well in the stock market so, for investment purposes you should know SAIL’s share price target for 2024, 2025, and 2026.
In the long term metal companies like steel companies will grow a lot with the development in the infrastructure. Not only in infrastructure but there are also various places where steel and other materials are used in a very large quantity.
According to many experts and news, the future of metal stocks or companies is very bright. Real growth can be seen when infrastructure developments, rising income, urbanization, etc. In a few years, these things can be possible as India is growing very quickly.
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About SAIL
SAIL (Steel Authority of India Limited) was founded in 1973 and the SAIL is one of the largest steel producer companies in India. The company is under the Indian government.
SAIL is one of the largest steel producer companies in India. As of now, SAIL company has a very large number of products on which they work like Pig iron, pipes, structural, semis, PM plates, stainless steel products, electrical products, wire rods, hot rolled products, and many more.
SAIL has a lot of steel plants some of the steel plants are the Bhilai steel plant, Bokaro steel plant, Durgapur steel plant, Rourkela steel plants, IISCO steel plants, Special steel plants, and many more.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, it is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the SAIL (Steel Authority of India Limited) company were last updated on 17 February 2024. Check the latest information on any broker website or screener.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹2,349 |
| March 2020 | ₹2,121 |
| March 2021 | ₹4,148 |
| March 2022 | ₹12,243 |
| March 2023 | ₹2,177 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹542 |
| Mar 2023 | ₹1,159 |
| Jun 2023 | ₹212 |
| Sep 2023 | ₹1,306 |
| Dec 2023 | ₹423 |
Company Fundamentals
| Market Cap | ₹51,921Cr | ROE | 5.75% |
| P/E Ratio (TTM) | 16.74 | EPS (TTM) | 7.51 |
| P/B Ratio | 0.93 | Div Yield | 1.19% |
| Industry P/E | 17.91 | Book Value | 135.62 |
| Debt to Equity | 0.55 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 3.82% | 3.69% | 4.34% |
| DIIs | 13.63% | 14.61% | 15.46% |
| Public | 17.56% | 16.70% | 15.20% |
| Promoters | 65.00% | 65.00% | 65.00% |
| Government | 0.00% | 0.00% | 0.00% |
Key Points
- SAIL is one of the leading compnay in the industry of the steel sector.
- In the last 3 years, the compnay has shown poor profit growth.
- The DEBT on the compnay is very high i.e. Rs. 30,773.39 Crore but the compnay has cash of Rs. 397.95 Crore.
- In 2023, the SAIL compnay made the lowest profit as compared to the last 5 years of profit.
- In the last 7 to 8 years, i.e. from 2017 to 2023 the sales of the compnay is doubled.
Quarterly Results
In the Sep 2023 quarter, the compnay made a net profit of Rs. 1,306 Crore which is very high in the profit of the last 5 quarters. But in the Dec 2023 Quarter, the profit is very less i.e. Rs. 423 Crore. It is because the metal stocks are very highly volatile due to the supply and demand and many other factors too.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
SAIL Share Price Target
SAIL stock price is ready to break a major resistance of May 2021 and very soon most probably in the next few months, it will break its resistance too. As the fundamentals of the company are improving with the global conditions.
From the last few months of 2023, the stock has given good results as the global and Indian economy is growing and the chance of removing the slowdown of many other countries too. Once, the global slowdown is over then expecting good moves in the SAIL share price is possible.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
SAIL share price target 2024
In the short term, the stock may face a major resistance of Rs. 151 to 152. As it is a major resistance, it will be very hard to break or the stock may take some time.
As the December quarter, results can help the stock to break the resistance very easily. Still, the condition is the result should be very positive and the market should react to it very positively too.
In case, the SAIL compnay shows a poor result then there are very high chance that the stock may go into a downtrend in the short term. In a few words, it all depends on the market conditions taking trade at this level can be very risky.
SAIL share price target 2025
Global market conditions are becoming good and almost all countries are planning to cut interest rates in 2024 if the conditions go in their favor.
Once the interest rates are cut then the problem of economic slowdown of many companies can be solved but it may take a long time. It can happen near to end of the 2024 or start of 2025.
If any single positive news comes in the favour of metal companies for the long term then no doubt we metal stocks investors are going to make a very huge profit.
SAIL share price target 2026
In the December 2023 quarter, it is observed that the FIIs and DIIs are making more positions i.e. buying SAIL stock slowly as they have known for a long that SAIL stock is a good stock and gives a huge return.
But in Tata Steel and JSW Steel, there are no positions made in the stock according to data from the screener.
No doubt it is a good stock for the long term but for making good profits investing at the right time and right levels is most important.
Please analyze the stock and industry from your end and take entry in the stock in SIP mode based on the price action to make good profits.
FAQs
According to the SAIL company’s fundamental information, there are no major issues in the stock. Due to the low demand, the stock is also available at a discount. It can be a good stock for long-term investing but make sure you analyze the stock and the industry before investing.
2025, the SAIL share price target 2025 can be big. The PE of the stock and many stocks in the steel industry are below 30. This indicates a big target can be achieved in the future.
Doing stock comparisons with the help of their financials can be very easy. In the post, the fundamental data of the SAIL is shared and you can check Tata Steel’s Share Price Target 2024, 2025, and 2030 here with all the fundamental data.
Final Words: Over the last few years the steel industry has faced many problems due to less supply, the global economy, etc. In the future, the SAIL share price target can be high as the industry will grow when the conditions will become normal and the demand will increase. According to the analysts 2024 and the upcoming few years will be good for the metal stocks. So, it is good to know SAIL’s share price target for 2024, 2025, and 2026 to get good profits or returns.