Report as on 25 July 2021 at 09:11 PM

HEALTHY GROWTH IN
LONG TERM NET SALES
Outstanding SAIL
Results in Mar 21

Buy
Mildly Bullish
Technical Trend
CMP: 126.55
High (20.65%) STOCK INFO:
Institutional Holding BSE – 500113/ NSE – SAIL
Market Cap - Large Cap (Rs. 53,594 cr)
Sector – Iron and Steel
Market Beating 52 w H/L (Rs.) – 151.1/32.7
Dividend Yield: 0.79%

Returns Debt Equity: 0.77%

Return on Equity: 9.1%
Over 3 Years Price to Book: 1.15

www.marketsmojo.com
SAIL
CMP: 126.55 Buy 70
Report as on 25 July 2021 at 09:11 PM
Strong Sell Sell Hold Buy Strong Buy

WHY IT’S A BUY? IS THIS STOCK FOR YOU?

High Risk, High Return (1 Year)
Healthy long term growth as Net Sales has
grown by an annual rate of 12.09% and Operating Absolute Risk Volatility
Adjusted
profit at 29.39%
SAIL 260.03% 4.92 52.80%
With a growth in Net Profit of 168.46%, the SENSEX 38.90% 2.30 16.91%
company declared Outstanding results in Mar 21
-The company has declared positive results for the How much should you buy? -
last 2 consecutive quarters Overall Portfolio exposure to SAIL should be less than
-PBT LESS OI(Q) At Rs 4,455.63 cr has Grown at 204.5 10%
% Overall Portfolio exposure to Iron and Steel should be
-ROCE(HY) Highest at 11.73 % less than 30%
-OPERATING PROFIT TO INTEREST(Q) Highest at (If sector exposure > 30%, please use optimiser tool to
see which are the best stocks to hold in Iron and Steel)
11.39 times
When to exit? - We will constantly monitor the company
Stock is technically in a Mildly Bullish range and suggest at the appropriate time to exit from the
stock
-The technical trend has deteriorated from Bullish
on 08-Jul-21 and has generated 2.97% returns since
then
RETURNS SUMMARY (Price + Dividend)
-Multiple factors for the stock are Bullish like MACD, The stock gave a total returns of 262.98% in the last 1 year
Outperforming Sensex returns of 38.90%
KST and OBV
200%

100%

WHAT ARE YOUR RISKS? 0%

Low ability to service debt as the company has a

-100%
high Debt to EBITDA ratio of 3.97 times
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-Low ability to service debt as the company has a high
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Debt to EBITDA ratio of 3.97 times

-The company has been able to generate a Return on Steel Authority Of India Ltd. SENSEX

Equity (avg) of 7.32% signifying low profitability per unit

of shareholders funds Investors Returns (3 years) –
With ROCE of 10.8, it has a Expensive valuation with
Period 6M 1Y 2Y 3Y
a 1.1 Enterprise value to Capital Employed
-The stock is trading at a discount compared to its Stock (%) 119.16% 262.98% 178.59% 76.32%
average historical valuations Sector (%) 89.58% 89.58% 173.38% 121.55%
-Over the past year, while the stock has generated a
Sensex 8.38% 38.90% 39.47% 44.28%
return of 259.9%, its profits have risen by 51.7% ; the
(%)
PEG ratio of the company is 0.3

MOJO PROFESSIONAL 1
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

BEFORE PROCEEDING AHEAD

This Real-Time Stock Analysis service is only for
PAID SUBSCRIBERS of www.marketsmojo.com

This Real-Time Stock Analysis Report was

generated on 25th July, 2021 at 09:11 PM, and may
not be valid if you are reading it later.

Some factors/data, as well as the buy/sell/hold call

might have changed.

To access the LATEST version of this report.

Click Here

MOJO PROFESSIONAL 2
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

GROWTH

HEALTHY LONG TERM GROWTH AS NET

SALES HAS GROWN BY AN ANNUAL RATE OF
12.09% AND OPERATING PROFIT AT 29.39%

High Growth in Net Sales 75000Cr

66,967
69,110

of 12.1% CAGR 61,660

12.1% Net Sales has seen a high growth of

57,558

CAGR 12.08% over previous period

50000Cr
39,051
44,452

25000Cr

0Cr
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021

High Growth in Operating 10000Cr 8,626

Profit of 29.4% CAGR 6,443

29.4%
6,349

5000Cr
Company has experienced an increase
CAGR in its Operating Profit in each of the
1,552

past 5 consecutive years 0Cr

Company’s Operating Profit growth

-2,641
has increased in each of the past 5 -5000Cr
consecutive years -5,302

Operating Profit has seen a high -10000Cr

growth of 33.88% over previous Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021

period

Net Profit of 24.2% CAGR 5000Cr

3,830

24.2% Company has experienced an increase

in its Net Profit in each of the past 5
2500Cr
2,410 2,524

CAGR consecutive years

0Cr
Company’s Net Profit growth has
increased in each of the past 5 -410

consecutive years -2500Cr

-2,616
Net Profit has seen a high growth of
51.74% over previous period -5000Cr
-4,021
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021

MOJO PROFESSIONAL 3
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

FINANCIAL TREND
Positive

WITH A GROWTH IN NET PROFIT OF

results for

168.46%, THE COMPANY DECLARED 2

OUTSTANDING RESULTS IN MAR 21 consecutive
quarters

Near term PBT trend is very 4 489.71 4 455.63

204.5% positive 3 428.9

PBT less Other Income (Rs Cr)

PBT Growth At Rs 4,455.63 cr has Grown at 204.5 % 191.86
over average PBT of the previous four quarters of Rs
1,463.22 Cr

-2 257.58
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

Near term PAT trend is positive 3 592.63

Rs
3 146.7
PAT (Rs Cr)
Highest at Rs 3,592.63 cr.
3,592.6 cr in the last five quarters
1 467.34

298.98
PAT - Quarterly

-1 226.47

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

Near term sales trend is positive

23 284.89
Rs Net Sales (Rs Cr)
Highest at Rs 23,284.89 cr
19 835.71

23,284.9 16 171.83 16 925.49

in the last five quarters
cr 9 067.52

Net Sales -
Quarterly
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

MOJO PROFESSIONAL 4
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

FINANCIAL TREND

The company's ability to manage 11.39

11.4 times interest payments is improving 7.1 7.58

Operating Profit to Interest
Interest Highest at 11.39 times 2.64
Coverage Ratio - in the last five quarters
Quarterly
-0.45

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

The company has displayed

increased efficiency by generating 11.73
11.7% higher profit on overall capital 8.45 7.94
ROCE - Half (equity and debt) 5.35
6.86
Yearly
ROCE (%)
Highest at 11.73 %
in the last five half yearly periods
Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021

Increasing profitability; company 8.4

Rs 8.4 cr has created higher earnings for 6.41

shareholders 3.55
Earnings per
EPS (Rs) 1.06
Share (EPS) -
Highest at Rs 8.40
Quarterly
in the last five quarters
-2.97

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

MOJO PROFESSIONAL 5
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

FINANCIAL TREND

The company has been reducing 1.23 1.23

its borrowing as compared to 1.17
0.8 times equity capital
1.05

0.78
Debt-Equity Ratio
Debt-Equity Ratio
- Half Yearly
Lowest at 0.78 times
in the last five half yearly periods

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021

Mar'21 Dec'20 Change%

Net Sales 23,284.9 19,835.7 17.4%
Key Operating Profit (PBDIT) excl Other Income 6,153.9 5,080.4 21.1%
Result Interest 540.4 670.1 -19.4%
Highlights Exceptional Items -166.4 2.5 -6,811.3%
Consolidated Net Profit 3,469.9 1,468.2 136.3%
Operating Profit Margin (Excl OI) 26.4 25.6 0.8%
Consolidate- figures in Rs
Cr

MOJO PROFESSIONAL 6
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

TECHNICALS

STOCK IS TECHNICALLY IN A MILDLY

BULLISH RANGE
Mildly Bullish Daily Moving Averages indicating near term price strength
Current Price 50 Day Moving Average 200 Day Moving Average

126.55 126.26 81.26

Factors with upward momentum

Indicator Technical Trend
MACD Bullish (monthly)
Bollinger Band Mildly Bullish (weekly)
Bollinger Band Mildly Bullish (monthly)
KST Bullish (monthly)
OBV Mildly Bullish (weekly)
OBV Bullish (monthly)

Consistent Returns over the last 3 years

3 Months 1 Year 3 Years

36.00% 74.31%
260.03%
46.64%

13.04%
50.64%

Stock BSE 500 Stock BSE 500 Stock BSE 500

MOJO PROFESSIONAL 7
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

SHAREHOLDING

INSTITUTIONAL INVESTORS COLLECTIVELY

HOLD 20.65 % OF THE COMPANY
These investors have better capability and resources 30%

to analyse fundamentals of companies than most

retail investors. 21.02% 20.65%
20% 17.55% 16.99% 16.94% 17.14%

10%

0%
Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21

Mutual Funds
5.59%
Insurance
Companies
9.79%
Shareholding Snapshot : Jun 21
Majority shareholders : Promoters
FIIs
5.01% Pledged Promoter Holdings : None
Non Instit…
Mutual Funds : Held in 37.00 Schemes (5.59%)
14.36%
Promoters Other DIIs FIIs : Held by 149 FIIs (5.01%)
65% 0.26%
Promoter with highest holding : PRESIDENT OF INDIA (64.997%)
Highest Public shareholder : LIFE INSURANCE CORPORATION OF INDIA
(8.428%)
Individual Investors Holdings : 11.42%

FII
6%

5.01%

holding has increased by 0.69% 4.16% 4.32%

4%
Number of FIIs holding stake in the company has 3.23%
2.81%
increased to 149 from 115
2%

0%
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021

MOJO PROFESSIONAL 8
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

RETURNS

MARKET BEATING PERFORMANCE IN LONG

TERM AS WELL AS NEAR TERM
Along with generating 200%
260.03% returns in the last
1 year, the stock has 100%

260.03% outperformed BSE 500 in

the last 3 years, 1 year 0%

UP and 3 months -100%

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Steel Authority Of India Ltd. BSE500

Inconsistent Performance against Large Cap

companies
Steel Authority Of India Ltd. has not been a
consistent performer in the YTD

1st
Quartile
1st
Quartile
4th
Quartile
Stock has been in the 1st quartile in 2020 and
in the YTD period

YTD 2020 2019

70.78% 72.73% -24.00%

Company 1 Month 3 Month 1 Year 3 Years

SAIL 1.97% 36% 260.03% 74.31%
Return JSW Steel 7.8% 12.95% 242.52% 133.99%
Comparison
Tata Steel 16.56% 38.55% 264.18% 148.02%
with Peers
Closest peers by Jindal Steel 3.19% -8.93% 131.65% 112.3%
market cap APL Apollo Tubes 2.36% 27.45% 337.75% 401.22%

MOJO PROFESSIONAL 9
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

FACTORS
NOT WORKING
FOR THE COMPANY


MOJO PROFESSIONAL 10
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

CAPITAL STRUCTURE

LOW ABILITY TO SERVICE DEBT AS THE

COMPANY HAS A HIGH DEBT TO EBITDA
RATIO OF 3.97 TIMES
Total Debt Debt to Equity Ratio
Average Debt to Equity Ratio Mar 2021 35,576.27 1.16
Company’s average Debt to Equity ratio over the past few Mar 2020 47,454.29 1.13
years is average at 1.16 times
Mar 2019 48,181.35 1.01
No clear trend in Debt to Equity Ratio numbers Mar 2018 42,549.66 0.91
Mar 2017 44,667.26 0.74

Total Debt Debt to EBITDA Ratio

High Debt to EBITDA Ratio Mar 2021 35,576.27 3.97
Company’s average Debt to EBITDA ratio over the past few Mar 2020 47,454.29 292.22
years is high at 125.87 times
Mar 2019 48,181.35 292.66
Debt to EBITDA Ratio has seen a high fall of -98.97% over Mar 2018 42,549.66 293.28
previous period
Mar 2017 44,667.26 292.01

Total Debt EBIT to Interest

An average EBIT to Interest Mar 2021 35,576.27 2.31
Company has an average EBIT to Interest ratio of 2.31 times Mar 2020 47,454.29 0.21
No clear trend in EBIT to Interest numbers Mar 2019 48,181.35 0.23
Mar 2018 42,549.66 0.29

Mar 2017 44,667.26 1.04

MOJO PROFESSIONAL 11
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

VALUATION

WITH ROCE OF 10.8, IT HAS A EXPENSIVE

VALUATION WITH A 1.1 ENTERPRISE VALUE
TO CAPITAL EMPLOYED
Expensive

Expensive JSW Steel

valuation
SAIL Tata Steel

Valuation

Jindal Steel

as compared to its Fundamentals

Attractive
Weak Fundamental Strong

Enterprise value to Capital Employed vs ROCE

Attractive 20 1.2
Fundamental

Valuation
as compared to its 0 0.72

past valuations -20 0.24

6

1
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Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Ratio Yield
Key
SAIL Expensive 1.2 12.7 0.3 0.8%
Valuation
Multiples JSW Steel Very Expensive 3.7 21.8 0.3 0.9%
vs Peers Tata Steel Expensive 2.1 18.7 0.4 2.7%
Jindal Steel Attractive 1.3 8.9 0 0%

MOJO PROFESSIONAL 12
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

RESULT
ANALYSIS 

MOJO PROFESSIONAL 13
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

QUARTERLY VARIANCE

QUARTER RESULTS VARIANCE ANALYSIS

Mar'21 Dec'20 QoQ Mar'20 YoY Comments
Total Operating income 23,285 19,836 17.4% 16,172 44% High Growth in previous quarter
and same quarter last year
Total Expenditure (Excl Depreciation) 17,131 14,755 16.1% 9,718 76.3% High Growth in previous quarter
and same quarter last year
Operating Profit (PBDIT) excl Other Income 6,154 5,080 21.1% 6,454 -4.7%
Other Income 248 162 53.7% 403 -38.4%
Operating Profit (PBDIT) 6,402 5,242 22.1% 6,857 -6.6%
Interest 540 670 -19.4% 909 -40.5% Fall in previous quarter and same
quarter last year
Exceptional Items -166 2 -6% -772 -78.4% Fall in previous quarter and same
quarter last year
Depreciation 1,158 981 18% 1,055 9.7% High Growth in previous quarter
and same quarter last year
Profit Before Tax 4,537 3,593 26.3% 4,121 10.1% High Growth in previous quarter
and same quarter last year
Tax 1,191 2,346 -49.2% 1,455 -18.2% Fall in previous quarter and same
quarter last year
Provisions and contingencies 0 0 0% 0 0%
Net Profit 3,346 1,247 168.5% 2,665 25.6% High Growth in previous quarter
and same quarter last year
Share in Profit of Associates 123 222 -44.3% -18 -790.6% Fall in previous quarter and same
quarter last year

Minority Interest 0 0 0% 0 0%
Other related items 0 0 0% 0 0%
Consolidated Net Profit 3,470 1,468 136.3% 2,648 31.1% High Growth in previous quarter
and same quarter last year

Consolidate results triggered in Rs Cr

Margins
Mar'21 Dec'20 Sep'20 Jun'20 Mar'20 Avg. (4 Comments
Qtrs)
OPM 26.4% 25.6% 11.2% -4.4% 39.9% 18.1% Higher than average (4 Qtrs) – Promising
GPM 24.5% 23.1% 9.3% -11.1% 32.0% 13.3% Higher than average (4 Qtrs) – Promising
NPM 14.9% 7.4% 2.6% -13.5% 16.4% 3.2% Higher than average (4 Qtrs) – Promising

MOJO PROFESSIONAL 14
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

ANNUAL RESULT

NET SALES - YOY GROWTH IN YEAR ENDED

MAR 2021 IS 12.08% VS -7.93% IN MAR 2020
Consolidated Net Profit: YoY Growth in year ended Mar 2021 is 95.60% vs -9.71% in Mar
2020
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2021 is
24.70% vs 4.65% in Mar 2020
Interest: YoY Growth in year ended Mar 2021 is -19.20% vs 10.52% in Mar 2020 12.08%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2021 has improved from NET SALES
Mar 2020

Mar'21 Mar'20 Change(%)

Net Sales 69,113.61 61,664.16 12.08%
Key Operating Profit (PBDIT) excl Other Income 12,738.74 10,215.72 24.70%
Annual Interest 2,817.15 3,486.76 -19.20%
Results Exceptional Items 58.43 -771.76 107.57%
Consolidated Net Profit 4,148.13 2,120.71 95.60%
Operating Profit Margin (Excl OI) 18.43 16.57 1.86%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year

Net Sales-YoY Growth in year ended Mar 2021 is 12.08% vs - Consolidated Net Profit-YoY Growth in year ended Mar 2021
7.93% in Mar 2020 is 95.60% vs -9.71% in Mar 2020
100000 5000 4,148.13

69,113.61 2,348.71 2,120.71

66,973.58 61,664.16
58,966.16
49,828.95
50000 0
-281.40

-2,756.17
0 -5000
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021

Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2021 is 24.70% vs 4.65% in Mar 2020 Mar 2021 has improved from Mar 2020
20000 20 18.43
16.57
14.58
12,738.74
9,761.51 10,215.72
10000 10 7.86
4,635.61

67.09 0.13
0 0
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021

Figures in Rs Crore

MOJO PROFESSIONAL 15
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

BALANCESHEET AND CASHFLOW

BALANCE SHEET AND CASH FLOW ANALYSIS

18.72% Borrowings
Mar'20
85,760.84
Mar'19
72,236.54
Change%
18.72%

Increase
Other Long Term Liabilities 1,766.02 1,583.81 11.50%
Fixed Assets 75,581.41 77,387.02 -2.33%
Investments 3,241.51 2,975.92 8.92%
in Borrowings in quarter Current Assets 41,098.26 32,381.58 26.92%
ended Mar 2020 vs in
Figures in Rs Cr
Mar 2019

Other Long Term Liabilities: YoY Growth in year ended Mar 2020 is 11.50% vs 20.20% in Mar 2019
Fixed Assets: YoY Growth in year ended Mar 2020 is -2.33% vs 0.48% in Mar 2019
Investments: YoY Growth in year ended Mar 2020 is 8.92% vs 13.17% in Mar 2019
Current Assets: YoY Growth in year ended Mar 2020 is 26.92% vs 8.85% in Mar 2019

Cash From Operation - YoY Growth in year ended Mar

-108.56% 2020 is -108.56% vs 17.06% in Mar 2019
Mar'20 Mar'19 Change%
GROWTH Cash Flow from Operating Activities -617.67 7,215.15 -108.56%
Figures in Rs Cr

10000

7,215.15
7500
6,163.54

5000 4,042.75

2,160.10
2500

0
-617.67
-2500
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

MOJO PROFESSIONAL 16
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

PEER COMPARISION

PEER COMPARISON
SAIL JSW Steel Tata Steel Jindal Steel APL Apollo
Tubes
Size
Market Cap (Cr.) 52,354 173,665 154,287 40,556 20,219
Annual Sales (TTM) (Cr.) 69,114 79,839 151,014 40,683 8,500
Annual Net Profit (TTM) (Cr.) 4,132 7,966 8,265 4,561 360
Growth Factors (TTM)
Net Sales Growth 1 year 12.1% 9.5% 8.5% 13.8% 11.2%
Operating Profit Growth 1 year 33.9% 102.7% 135.3% 178.2% 51%
Net Profit Growth 1 year 51.7% 64.8% 55.4% 24268.6% 51.4%
Net Sales Growth 5 year 12.1% 14% 7.8% 17.3% 15.1%
Operating Profit Growth 5 year 29.4% 38.1% 56.7% 80.5% 18.4%
Net Profit Growth 5 year 24.2% 34.8% 31.8% 30% 25.4%
Capital Structure Factors
EBIT to Interest 3.1 3.9 2.8 3.5 8.7
Debt to EBITDA 2.8 2.7 2.7 1.5 0.7
Net Debt to Equity 0.8 0.9 0.9 0.5 0.1
Sales to Capital Employed 0.9 0.9 1.1 0.9 4.8

Management Quality Factors

ROCE (latest) 10.8% 17.6% 14.8% 23.9% 32.4%
ROE(latest) 9.1% 17% 11.1% 14.3% 21.3%
Tax Ratio 45.4% 34.5% 41.9% 24.4% 25.3%
Operating CF to Net Profit -23.6% 235.9% 536.3% -50486.6% 271.3%
Dividend Payout Ratio - 14.9% 73.6% - -
Valuation Factors
PE Ratio 12.7 21.8 18.7 8.9 56.1
Price to Book 1.2 3.7 2.1 1.3 11.9
PEG Ratio 0.2 0.3 0.4 0 1.1
Dividend Yield 0.8% 0.9% 2.7% - -
EV to EBITDA 6.8 10.7 7.4 3.8 29.9
EV to Capital Employed 1.1 2.4 1.6 1.2 11.4
Shareholding
Promoter Holdings 65% 44.1% 34.4% 60.5% 36.9%
Promoter Pledged Holdings - 14.8% 1.5% 39.5% -
Total Institutional Holding 20.6% 20.6% 41.3% 25.8% 35.1%
FII Holdings 5% 12.9% 21.9% 10.5% 25.7%
Returns
1 Month 2% 7.8% 16.6% 3.2% 2.2%
3 Months 36% 13% 38.6% -8.9% 27.2%
YTD 70.8% 85.2% 99.2% 49.5% 83%
1 Year 260% 242.5% 264.2% 131.7% 337%
3 Years 74.3% 134% 148% 112.3% 400.4%

MOJO PROFESSIONAL 17
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

COMPANY BACKGROUND

COMPANY BACKGROUND

About the Company

Steel Authority of India (SAIL) is India's largest state-owned iron ore producer. It is
INDUSTRY : Iron and one the leading steel-making company in India.SAIL manufactures and sells a wide
Steel variety of steel products such as HR/CR sheets and coils, galvanised sheets,
electrical sheets, structurals, railway products, plates, bars and rods, stainless steel
and other alloy steels.
53,594 cr (Large Cap)

Part of NIFTY FREE

MIDCAP 100

Board of Directors
Soma Mondal Chairman & Exec. Director

Kartar Singh Chauhan Non-Exec. & Independent Dir.

Narendra Kumar Taneja Non-Exec. & Independent Dir.

Puneet Kansal Nominee (Govt)

Harinand Rai Director (Technical)

7 more board of directors

Company Coordinates

Company Details: Registrat Details:

Ispat Bhawan, Lodi Road New Delhi Delhi : 110003 MCS Ltd , F-65, , Okhla Industrial Area, Phase - I, New Delhi
Tel: 011-2436 7481 Fax: 011-41709881
Fax: 011-2436 7015 Email: admin@mcsdel.com/mcscomplaintsdel@mcsdel.com
Email: secy.sail@sailex.com
Website: www.sail.co.in

MOJO PROFESSIONAL 18
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

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MOJO PROFESSIONAL 19
SAIL BUY | Report as on 25 July 2021 at 09:11 PM

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MOJO PROFESSIONAL 20