Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 34634.45 Crore) operating in Metals – Ferrous sector.
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 19997.31 Crore, up 16.96 % from last quarter Total Income of Rs 17097.57 Crore and up 19.64 % from last year same quarter Total Income of Rs 16714.87 Crore. Company reported net profit after tax of Rs 1246.50 Crore in latest quarter.
The brokerage values the stock at 5x FY22E EV/EBITDA at INR104/share, implying target P/B of 0.8x (historical average of 0.7x). Reiterate Buy.
Promoters held 75 per cent stake in the company as of Dec 30, 2020, while FIIs held 4.2 per cent, DIIs 13 per cent and public and other 7.9 per cent.