Today we are here with Steel Authority of India Limited (SAIL) company and will try to predict its share price. Therefore, we need to know the reported revenue, profit and profit margin, debt, business area and other factors. We will forecast its share price for the years 2024-2030, based on our research, experience and technical analysis.
The company reported a decline in its revenue for March 2023 at Rs 29,131 crore, down 5.29 per cent on a year-on-year basis. Similarly, the net income is Rs 1,159 crore with a decline of 53.24 per cent YoY and the debt ratio is 0.56.
For a few months, the company has shown stable performance. But if we talk about a period of 2/3 years, then the company has also given returns of up to 375%. So, if we look at its past and present performance, it is clear that it is a good stock to hold for the long term.
SAIL’s stock is currently trading at Rs 85.54 per share. If we look at its chart pattern, then it has an uptrend in the coming months and you can expect up to Rs.105 by the end of the year. Let’s see what the company does.
SAIL – Overview
Steel Authority of India Limited (SAIL) was established in 1954 and is located in New Delhi, India. It is a steel-making company, which manufactures and sells iron and steel products in India and internationally.
SAIL operates several steel plants across the country including Bhilai Steel Plant, Rourkela Steel Plant, Durgapur Steel Plant, Bokaro Steel Plant and IISCO Steel Plant.
It offers a range of railway products, including rails, high YS/UTS rails, corrosion-resistant micro-alloy rails, vanadium alloy rails, end forged thick web asymmetric rails, high conductivity rails, crane rails and crossing sleeper bars.
See also – Tata Steel share price target
The company also offers pig iron and pipe; semis, such as tower, spring steel, chain steel and high carbon; structural and TMT bars; galvanized steel, wire rods, plate mill plates, and wheels and axles; hot rolled and cold rolled steel; cold rolled sheets/plates; and stainless and electrical steel.
Furthermore, the company provides services to various sectors including construction, infrastructure, automotive, railways and engineering. So, it has good business segments and strong management which ensure that it can be profitable in the future.
SAIL – Fundamentals
SAIL Share Price Target 2024-2030
Market experts say that there will be an uptrend move in the share price in the coming months and up to 65 per cent returns are expected. It is also expected to deliver returns of up to 255 per cent in the long term.
In this article, we will forecast Steel Authority of India Limited’s (SAIL) share price targets for the years 2023, 2024, 2025, 2026, 2028 and 2030 considering the market trends, economic conditions and growth prospects.
See also – JSW Steel share price target
2024
- 1st Target: Rs 95.10 to Rs 105.20
- 2nd Target: RS 105.50 to Rs 115.50
2025
- 1st Target: Rs .105.50 to Rs 130.40
- 2nd Target: RS 125.10 to Rs 155.80
2026
- 1st Target: Rs 115.10 to Rs 145.20
- 2nd Target: RS 140.50 to Rs 165.30
2028
- 1st Target: Rs 165.10 to Rs 180.20
- 2nd Target: RS 185.50 to Rs 220.10
2030
- 1st Target: Rs 220.10 to Rs 250.40
- 2nd Target: RS 255.50 to Rs 300.50
FAQs
Yes, SAIL has shown consistent growth and has given huge returns over the years.
The target price for SAIL in 2025 is Rs 125.10 to Rs 155.80.
To see the current share price of SAIL, refer to the fundamentals table above.
The target price of SAIL shares in 2030 is RS 255.50 to Rs 300.50.
(Disclaimer: Investors should conduct their own research, consider various factors, and consult with financial professionals before making any investment decision.)
