Introduction
SAIL Share Price Target, which stands for Steel Authority of India Limited, is one of the largest state-owned steel-making companies in India. With a rich history spanning decades, SAIL has been a key player in the country’s industrial and economic landscape. Its operations encompass the entire spectrum of steel production, from mining iron ore to manufacturing a wide range of steel products used in various sectors such as infrastructure, construction, automotive, and machinery.
The Steel Authority of India (SAIL) was established in the year 1954 and is a central public sector undertaking company manufacturing steel in India. India’s Largest Steel Producer SAIL is headquartered in New Delhi and is owned by the Ministry of Steel, Government of India producing 18.29 million metric tons of steel in 2023. It has its plants in Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur, and three special steel plants in Salem, Durgapur, and Bhadravathi. The Future of Steel Consumption in the country is expected to reach between 190 MT to 230 MT in the year 2030 and SAIL being the leader would benefit heavily from the policies of the government of India.
The share price of SAIL has been on a positive trajectory for a long period and is expected to continue the same in upcoming years. Through this article, we will take you through the SAIL Share price Target 2024 forecast and its price target in upcoming years.
Overview of Current Share Price
As of 2024 SAIL’s share price stands at 134, reflecting the company’s market valuation and investor sentiment. The stock’s performance is influenced by a multitude of factors, including global steel demand, raw material prices, domestic economic conditions, and industry-specific dynamics.
SAIL Latest News
- SAIL is a medium to long-term bet with a small risk of having the potential to go beyond its previous decade high, as per Money Control.
- The Steel Authority of Indiais expected to invest a huge sum of Rs 20,000 – 24,000 crores in its IISCO plant in Bengal.
- SAIL’s Bhilai Steel Plant has created a national record in casting 315 heats continuously from bloom caster.
- SAIL suspended its two directors amid alleged financial irregularity under rule 20 of the Conduct, discipline, and appeal rules 1977, as per its stock exchange filing
Analysis of Share Price Targets
Looking ahead, analysts and experts have provided projections for SAIL’s share price target across different timelines, including 2025, 2024, and even 2030. These targets are based on comprehensive financial analysis, market trends, and industry forecasts. For instance:
SAIL Share Price Target (2024)
| Month (2024) | Maximum Target | MinimumTarget |
| January | Rs – | Rs – |
| February | Rs 145.12 | Rs 115.7 |
| March | Rs 140.55 | Rs 124.56 |
| April | Rs 143.90 | Rs 126.6 |
| May | Rs 154.54 | Rs 128.78 |
| June | Rs 158.79 | Rs 129.50 |
| July | Rs 151.46 | Rs 133.73 |
| August | Rs 167.89 | Rs 136.46 |
| September | Rs 168.54 | Rs 137.77 |
| October | Rs 171.64 | Rs 139.57 |
| November | Rs 177.56 | Rs 143.70 |
| December | Rs 183.76 | Rs 140.71 |
Insights from Financial Institutions
Leading financial institutions like Motilal Oswal often provide in-depth research and analysis on companies like SAIL. Their insights into SAIL’s share price target can offer valuable perspectives for investors and stakeholders. Motilal Oswal’s analysis may include factors such as industry trends, competitive positioning, financial performance, and regulatory developments impacting SAIL’s valuation.
SAIL Share Price Target (2025)
| Month (2025) | Maximum Target | MinimumTarget |
| January | Rs 188.88 | Rs 152.95 |
| February | Rs 189.45 | Rs 156.89 |
| March | Rs 195.78 | Rs 163.13 |
| April | Rs 201.24 | Rs 165.78 |
| May | Rs 203.90 | Rs 167.34 |
| June | Rs 205.00 | Rs 174.80 |
| July | Rs 209.25 | Rs 178.46 |
| August | Rs 213.80 | Rs 179.00 |
| September | Rs 212.35 | Rs 180.54 |
| October | Rs 218.67 | Rs 188.25 |
| November | Rs 211.23 | Rs 185.89 |
| December | Rs 219.00 | Rs 194.36 |
Recent News and Developments
In the dynamic world of stock markets, news and developments play a crucial role in shaping investor sentiment and share prices. Recent news related to SAIL, such as new contracts, expansion plans, technological advancements, financial results, and market trends, can have a direct impact on the stock’s performance. For instance:
SAIL Financials (2023)
| Revenue | 1.04 Trillion INR | ⬆ 0.94% YOY |
| Operating expense | 413.54 Billion INR | ⬇ -0.80% YOY |
| Net Income | 21.77 Billion INR | ⬇ -82.22% YOY |
| Net Profit Margin | 2.08 | ⬇ -82.42% YOY |
| Earnings Per Share | 4.80 | ⬇ -84.15% |
| EBITDA | 87.77 Billion INR | ⬇ -58.88% |
| Effective Tax Rate | 24.75% | · |
| Total Assets | 1.30 Trillion INR | ⬆ 8.64% YOY |
| Total Liabilities | 757.34 Billion INR | ⬆ 14.93% YOY |
| Total Equity | 547.47 Billion INR | |
| Return on assets | 18.28% | |
| Return on Capital | 2.02% | |
| P/E Ratio | 16.66 | |
| Dividend Yield | 1.15% |
Expert Opinions and Market Trends
Industry experts and market analysts often provide their perspectives on SAIL’s share price target, considering a range of factors such as macroeconomic conditions, industry-specific challenges, technological advancements, and global market trends. Their opinions and forecasts can offer valuable insights into potential opportunities and risks associated with investing in SAIL.
SAIL LTD Competitors (Market Cap: 54.750 crores INR)
- JSW Steel (Market Cap: 197,739.41 crores INR)
- Tata Steel (Market Cap: 174,054.73 crores INR)
- Hindalco (Market Cap: 130,832.95 crores INR)
- Jindal Steel (Market Cap: 76,644.32 crores INR)
- Jindal Stainless (Market Cap: 49,751.92 crores INR)
Points to consider before investing in SAIL NSE Stock
- SAIL’s Profit growth rate was 16% year on year and reached Rs 5,190 crore in the year 2023.
- Steel Authority of India’s net income is up by 496.40% YoY in the September quarter of 2023.
- Steel Authority of India’sEBITDA is up by 419.85% YoY in the September Quarter of 2023.
- However, SAIL Net Income and EBITDA are down by -82.22% and -58.88% Annually in the year 2023.
- Steel Authority of India (SAIL)revenue is up by +0.94% annually (2023) and +13% quarterly (Sep-Dec 2023).
- Government of India-owned SAIL is expected to benefit from the policies in the future due to it being the largest manufacturer of Steel in India.
- Competition-wise, the Steel Authority is challenged by Tata Steel and JSW Steel in India as well as Globally.
- The demand in India for Steel consumption is expected to reach between 190 MT to 230 MT by the year 2030.
- India’s Crude Steel production is expected to reach 210 MT with an increase of 45% by 2030.
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Conclusion
In conclusion, SAIL’s share price target remains a topic of interest for investors, analysts, and stakeholders alike. With a careful analysis of market dynamics, financial performance, industry trends, and expert opinions, investors can make informed decisions regarding their investments in SAIL. As the company continues to evolve and navigate the complexities of the steel industry, monitoring key indicators and staying updated on news and developments will be crucial for assessing SAIL’s future growth prospects and share price performance.
