SAIL.NS Steel Authority of India Limited
INR·Price 180.45·Mkt cap 745.35BComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
A mixed picture — real strengths, but soft spots in cash flow, returns or debt.
- Strong cash flow quality
- Positive OCF to EBITDA ratio
- Robust FCF conversion
- Minimal earnings management
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
- Strong promoter/insider stake
- Capex growth indicates belief in future
- Institutional holdings remain significant
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 238.40 vs price 180.45 — screens fair on a cash-flow DCF (32.1% to intrinsic). The base FCF growth assumption of 8% appears high for most industries and may not be sustainable without strong evidence.
| Intrinsic / share | 238.40 |
| Price | 180.45 |
| Upside to intrinsic | 32.1% |
| Reverse-DCF implied g | 5.2% |
Base FCF 69.87B · growth 8.0% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 4% | 6% | 8% | 10% | 12% |
| 10% | 251.38 | 306.81 | 371.59 | 447.17 | 535.18 |
| 11% | 197.4 | 241.92 | 293.8 | 354.19 | 424.35 |
| 12% | 158.8 | 195.61 | ★ 238.4 | 288.08 | 345.67 |
| 13% | 129.82 | 160.92 | 196.98 | 238.74 | 287.05 |
| 14% | 107.25 | 133.97 | 164.87 | 200.57 | 241.78 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 3 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- Positive free cash flow — now 9.3%
- Conservative leverage (D/E ≤ 1.0) — now 0.53
- Trades below intrinsic value (margin of safety ≥ 0) — now 24.3%
- ROE ≥ 15% — now 5.6%
- Net margin ≥ 10% — now 3%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 2 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.53
- Trades below intrinsic value (margin of safety ≥ 0) — now 24.3%
- High returns on capital (ROCE ≥ 15%) — now 6.5%
- ROE ≥ 15% — now 5.6%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 1 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.53
- Solid liquidity (current ratio ≥ 1.5) — now 0.82
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
▶
Passes 2 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Consistent revenue (consistency ≥ 80%) — now 95.7%
- Positive net margin — now 3%
- High returns on capital (ROCE ≥ 18%) — now 6.5%
- Very low debt (D/E ≤ 0.5) — now 0.53
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 1 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Longevity: revenue consistency ≥ 70% — now 95.7%
- Quality: ROCE ≥ 18% — now 6.5%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
▶
Passes 1 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.53
- ROE ≥ 15% — now 5.6%
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 2 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- P/B ≤ 1.5 — now 1.24
- Debt below equity (D/E ≤ 1.0) — now 0.53
- P/E ≤ 15 — now 22.14
- Graham number: P/E × P/B ≤ 22.5 — now 27.5
- Strong liquidity (current ratio ≥ 1.5) — now 0.82
- Financially safe (Altman Z ≥ 3) — now 2.11
- A long record of stable earnings
- An uninterrupted dividend history
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Passes 1 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.53
- ROE ≥ 18% — now 5.6%
- Net margin ≥ 10% — now 3%
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 1.11T | 1.02T | 1.05T | 1.04T | — |
| Operating income | 60.12B | 49.96B | 63.39B | 41.09B | — |
| EBITDA | 126.51B | 116.95B | 117.54B | 97.44B | — |
| Net income | 33.73B | 23.72B | 30.67B | 21.77B | — |
| Operating cash flow | 190.39B | 99.14B | 29.11B | -52.90B | — |
| Capex | -87.58B | -62.21B | -47.11B | -39.22B | — |
| Free cash flow | 102.81B | 36.93B | -18.00B | -92.12B | — |
| Total assets | 1.36T | 1.36T | 1.41T | 1.30T | — |
| Total equity | 603.56B | 589.06B | 571.01B | 547.47B | — |
| Total debt | 319.28B | 369.34B | 363.23B | 307.73B | — |
| Cash & equivalents | 286.60M | 2.92B | 693.80M | 570.90M | — |