S.A.L Steel Ltd (SALSTEEL) — shareholding pattern, promoter holding, financials and share price
About S.A.L Steel Ltd (SALSTEEL)
S.A.L Steel Ltd operates in the Sponge Iron industry, within the Metals & Mining sector. It trades on the NSE as SALSTEEL and on the BSE under scrip code 532604. Its ISIN is INE658G01014.
Incorporated in 2003, SAL Steel Ltd does manufacturing of Sponge Iron, Ferro Alloys and Power [1]
S.A.L. Steel Limited, established in 2003, manufactures sponge iron, ferro alloys, and stainless steel products. The company leverages captive power generation using waste heat recovery and fluidized bed combustion boilers, leading to reduced manufacturing costs.
The company has a total power generation capacity of 40 MW, using surplus to generate additional revenue. This power is partly sold to Shah Alloys Ltd, their primary customer and promoter.
Listed peers in Sponge Iron: KIOCL Ltd, Vraj Iron & Steel Ltd, Chaman Metallics Ltd, Vaswani Industries Ltd, Bihar Sponge Iron Ltd, Shri Hare-Krishna Sponge Iron Ltd.
Valuation & Returns
10 Jul 2026At ₹56.5 a share on 10 Jul 2026, S.A.L Steel Ltd (SALSTEEL) was valued at a price-to-earnings ratio of -2,386.53x against an industry P/E of 24.95x and a price-to-book of 21.12x on a book value of ₹2.67 per share as of Mar 2025. Solomo computes return on equity of -0.85% and return on capital employed of 9.22% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -2,386.53x
- Industry P/E
- 24.95x
- P/B
- 21.12x
- EPS (TTM)
- ₹-0.02
- Book value / share
- ₹2.67
- ROE
- -0.85%
- ROCE
- 9.22%
- ROA
- -0.1%
- Debt / equity
- 4.58x
- Dividend yield
- 0%
- EBITDA margin
- 14.85%
- 52-week range
- ₹14.61 – ₹64.95
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, S.A.L Steel Ltd (SALSTEEL) reported revenue of ₹208 crore and earnings per share of ₹-0.02. That compares with revenue of ₹544 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹11.97 crore and net profit ₹-1.02 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 505 | 496 | 577 | 544 | 208 |
| Net profit (₹ cr) | 12 | 4 | 0 | -6 | 0 |
| EPS (₹) | 1.36 | 0.42 | 0.06 | -0.76 | -0.02 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 4.22% | 5.94% | 2.50% | -5.64% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 70.98% of S.A.L Steel Ltd (SALSTEEL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0% and domestic institutional investors (DII) hold 0%. Promoters have pledged 19% of their holding. Market capitalisation was ₹818 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2004.
Largest disclosed public shareholders in Jun 2026: VORA FINANCIAL SERVICES PVT LTD 4.86%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 70.98% | 19% | 0% | 0% | 29.02% |
| Mar 2026 | 70.98% | 19% | 0% | - | 29.02% |
| Dec 2025 | 61.47% | 19% | 0% | - | 38.53% |
| Sep 2025 | 61.47% | 29.1% | 0% | - | 38.53% |
| Jun 2025 | 50.56% | 45.4% | 0.15% | - | 49.44% |
| Mar 2025 | 50.56% | 45.4% | 0% | - | 49.44% |
| Dec 2024 | 50.56% | 45.4% | 0.05% | - | 49.44% |
| Sep 2024 | 50.56% | 45.4% | 0.07% | - | 49.44% |