Shares of Steel Authority of India advanced 2.47% to ₹173.70 on Monday afternoon, with bullish sentiment noted on the stock. According to reports from Moneycontrol, the stock is a constituent of the Nifty Midcap 150 index. The positive market response reflects investor confidence in the company's recent financial performance and strategic initiatives.
For the quarter-ending June 2026, Steel Authority of India reported consolidated revenue of ₹26,245.67 crore, representing a modest increase from ₹25,921.76 crore in June 2025. However, the company demonstrated strong profitability improvements with net profit surging to ₹1,618.25 crore compared to ₹671.48 crore in the corresponding quarter of the previous year. Earnings Per Share (EPS) rose significantly from ₹1.80 to ₹3.98 during the same period, as reported by Moneycontrol. The company's EBIT for June 2026 stood at ₹2,653 crore compared to ₹1,489 crore in June 2025, indicating improved operational efficiency.
For the year-ending March 2026, Steel Authority of India reported revenue of ₹110,810.84 crore, up from ₹102,479.06 crore in March 2025. Net profit improved significantly to ₹2,947.41 crore compared to ₹1,885.02 crore in March 2025. The company's EPS for March 2026 was ₹8.17, an increase from ₹5.74 in March 2025. According to Moneycontrol, the company's Book Value Per Share (BVPS) increased to ₹146.12 from ₹142.61 in the previous year. The company's Return on Equity (ROE) improved to 5.58% in March 2026 from 4.02% in March 2025, while Debt to Equity ratio remained stable at 0.53.
The company has announced several dividend distributions to shareholders. As reported by Moneycontrol, Steel Authority of India declared a final dividend of ₹1.60 per share (16%) on May 28, 2025, with an effective date of September 8, 2025. Prior to this, a final dividend of ₹1.00 per share (10%) was announced on May 21, 2024, becoming effective on September 19, 2024. An interim dividend of ₹1.00 per share (10%) was also declared on February 5, 2024, with an effective date of February 20, 2024. The company's Dividend Per Share (DPS) for March 2026 was ₹2.35 compared to ₹1.60 in March 2025.
On August 10, 2026, the Exchange sought clarification from Steel Authority of India Ltd regarding news about a potential 5% FPO in FY27 to raise funds for capex push, as reported by Moneycontrol. The company's response is awaited. Earlier, on August 1, 2026, an earnings call transcript was made available. The company also clarified a rumour verification under Regulation 30(11) on July 30, 2026. According to Moneycontrol analysis, bullish sentiment has been observed on the stock as of August 10, 2026. The company's P/E ratio stands at 18.53 for March 2026, while P/B ratio is 1.04, indicating reasonable valuation metrics.
