SAIL Share Price Target 2024
- Feb 13, 2024
- | 49
SAIL is a public sector undertaking (PSU) established in 1954. SAIL is the largest steel producing company in India. SAIL is headquartered in New Delhi. The company is owned by the Ministry of Steel and Government of India.
In 2023, the company produced 18.29 million tonnes (MT) of steel. The company operates five steel plants in the state of Haryana: BHILAI,RURAKELA,DURAPUR,BOKARRA,BOURNEPUR. It also operates three dedicated steel plants SAMEL,DURAPU,BHADRAVATTA.
Steel consumption in India is estimated to be between 190 and 230 mt in 2030. SAIL is one of the leaders in this regard.
The company’s share price has been moving in a positive direction for a long time now and is expected to continue to do so in the near future.
In this article, we will provide you with SAIL Share price Target 2025 forecast along with SAIL price target over next few years.
SAIL is a medium to long term investment and has a slight risk of surpassing its previous 10 year high, as per Money Control.
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 |
(Expert Advice is recommended before making any investment-related commitment)
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 |
(Expert Advice is recommended before making any investment-related commitment)
SAIL Share Price Target (2026 to 2030)
| Year | Maximum Target | Minimum Target |
|---|---|---|
| 2026 | Rs 252.11 | Rs 212.05 |
| 2027 | Rs 298.75 | Rs 260.89 |
| 2028 | Rs 350.99 | Rs 312.21 |
| 2029 | Rs 405.23 | Rs 366.67 |
| 2030 | Rs 456.33 | Rs 402.98 |
(Expert Advice is recommended before making any investment-related commitment)
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% |
SAIL LTD Shareholding Pattern
- Promoters: 65.00%
- FII: 4.34%
- DII: 10.25%
- Mutual Funds: 5.18%
- Retail & Others: 15.23%
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 increased by 16% year-on-year to Rs 5,190 crores in the fiscal year 2023. The company's net income increased by 496.4% in the September quarter (2023) compared to the previous quarter. The company's EBITDA rose 419.85% in the September Quarter (2023). However, SAIL's net income and EBITDA decreased by 82.22% and 58.88% respectively in the same quarter.
The company's revenue increased by + 0.94% each year in 2023 and +13% quarter-on-quarter (2023).
The company, owned by the Government of India, is likely to benefit from policies in the future as it is the largest producer of steel in India.
In terms of competition, the company is facing competition from Tata Steel, JSW Steel, and other companies in India and globally.
The demand for steel in India is estimated to be between 190 MT and 230 MT by 2030.
India's crude steel production is expected to increase by 45% by 2030.
SAIL's profit increased by 16% year-on-year to Rs 5.190 crore in Q3 2023. The company's net income increased by 496% YoY to Rs 5.042 crore in the Q3 2023, while its EBITDA rose by 419% YoY. However, SAIL's Net Income and Earnings Before Interest, Taxes, and Amortization (EBITDA) decreased by 82.22% & 58.88% respectively in the same quarter.
The company's revenue increased by + 0.94% Year-on-Year (YOY) and + 13% Quarter-on-Quarter (QoQ) in the same period.
SAIL, owned by the Government of India, is the largest producer of steel in India. It faces competition from Tata Steel, JSW Steel, and other companies in India and globally.
The demand for steel in India is expected to rise to between 190 and 230 million tons by 2030.
India's crude steel production is projected to reach 210 million tons by 2030, and the country's total crude steel production will increase by 45%.
SAIL's stock price is expected to continue its upward trend and will depend on a number of factors that will determine its future growth on the NSE. Over the past 5 years, SAIL's stock has increased by 195% in the last 5 years and by 55% in the last 12 months. SAIL's stock price has increased by 42% since 6 months ago (August 10th 2023) and 16% since 9th 2024. Taking into account factors such as an increase in demand for steel due to an industrial boom in India, it is expected that SAIL, India's largest Steel manufacturer, will continue to perform at a high level on the market. However, it is recommended that an investor thoroughly researches the company's weaknesses and strengths in various ways and then makes an investment decision based on expert advice.
FAQ
- What is the SAIL Share Price Target in 2025?
- SAIL NSE's Share Price Target by 2025 is between Rs 219 and Rs 152.
- What is the SAIL Share Price Target in 2026?
- SAIL NSE's Share Price Target for the year 2026 is between Rs 252 and Rs 212.
- What is the SAIL Share Price Target in 2030?
- SAIL NSE's Share Price in 2030 is predicted to remain between Rs 456 and Rs 402.
- What is the SAIL Share Price Target in 2024?
- SAIL NSE's Share Price Target for the year 2024 is between Rs 183 and Rs 115.
