Steel Authority of India is one of India's largest integrated steelmakers, producing hot and cold-rolled coil, plates, rails and long products from its five integrated plants at Bhilai, Rourkela, Durgapur, Bokaro and IISCO Burnpur. Its scale in domestic flat and long steel, backed by captive iron ore and coking coal in parts of its supply chain, gives it a structural position in a market where infrastructure and rail spending keep steel demand firm. The near-term case rests on the government's capacity expansion programme and on whether the company can convert that cost base into earnings, and at a 10.7x forward P/E against 16.4x trailing, the market is pricing in a sharp earnings recovery. Revenue growth of just 1.3% and a 9.9% operating margin show the business is not yet delivering that recovery, so the question for a deeper look is whether volumes and spreads turn up as the forward multiple implies. The margin and growth figures are the ones to test first.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | ₹178 | first publication | ₹170 |
Answered from Steel Authority of India Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| SAIL.NS Steel Authority of India Limited | ₹164.34 | - | - | 15.9x | - | 67 | 67 |
| 5411.T JFE Holdings, Inc. | ¥1735.00 | - | - | 16.4x | 3.8% | 29 | 59 |
| CLF Cleveland-Cliffs Inc. Common Stock | $13.90 | - | - | - | -7.3% | 27 | 48 |
| NMDC.NS NMDC Limited | ₹66.35 | - | - | 7.8x | 23.4% | 91 | 57 |
| JSL.NS Jindal Stainless Limited | ₹687.40 | - | - | 17.0x | - | 60 | 57 |
| APLAPOLLO.NS APL Apollo Tubes Limited | ₹2033.70 | - | - | 45.9x | - | 56 | 51 |
| VK.PA Vallourec S.A. | €18.11 | €17 | 8% above | 13.3x | 15.8% | 64 | 61 |
Where SAIL.NS ranks against its sector peers on each metric.