S.A.L Steel Ltd

NSE
SALSTEEL •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
33.37% Fall from 52W High
6.8
TTM PE Ratio
High in industry
374.8
Price to Book Ratio
Below industry Median
4.1
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-4.3
RSI
RSI is mid-range
41.7
MFI
MFI Overbought
71.2

S.A.L Steel Ltd shareholding Pattern

Promoter
50.6%
Public
49.4%
Promoter
50.6%
Public
49.4%
Promoter
50.6%
Public
49.4%
Promoter
50.6%
Public
49.4%
Promoter
50.6%
Public
49.4%
Promoter
50.6%
Public
49.4%

S.A.L Steel Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
20.90
10Day EMA
21.30
12Day EMA
21.40
20Day EMA
21.40
26Day EMA
21.30
50Day EMA
21.00
100Day EMA
21.00
200Day EMA
20.30
5Day SMA
20.90
10Day SMA
21.70
20Day SMA
21.60
30Day SMA
21.20
50Day SMA
20.80
100Day SMA
20.60
150Day SMA
22.00
200Day SMA
20.70
Delivery & Volume
Resistance & Support
20.42
Pivot
Resistance
First Resistance
20.56
Second Resistance
20.82
Third Resistance
20.96
Support
First Support
20.16
Second support
20.02
Third Support
19.76
Relative Strength Index
41.74
Money Flow Index
71.20
MACD
0.08
MACD Signal
0.35
Average True Range
0.64
Average Directional Index
19.68
Rate of Change (21)
-4.34
Rate of Change (125)
-17.69
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Shah Metacorp Ltd.
192.06
2.55
5.5
KIC Metaliks Ltd.
-
-
-
Indsil Hydro Power and Manganese Ltd.
-
-
-
Nagpur Power & Industries Ltd.
-
-
-
Incredible Industries Ltd.
192.06
24.8
51.65
Chaman Metallics Ltd.
-
-
-

S.A.L Steel Ltd Company background

Founded in: 2003
S.A.L. Steel Limited, incorporated in 2003, is engaged in manufacturing Sponge Iron, Ferro Alloys, Manganese Steel (MS) Stainless Steel (SS) Angel and Power. Because of the Captive power generation, company has advantage of low power cost per unit of manufacturing. Company is generating 40 MW Power from waste Heat recovery Boiler Fluidized Bed Combustion boiler with economic price. Power generated is used for captive consumption and surplus power is sold resulting profit.The Company operates two kilns with an installed capacity of 1,80,000 tonnes per annum to produce sponge iron. The waste gas from sponge making kilns has significant energy in the form of heat. This energy is recovered in waste heat recovery boilers to generate steam, which then passes through the generator for producing power. Apart from this, Company has two power plants, both coal based with a combined capacity of 40 MW power including power from waste heat recovery system. Iron ore and coal are two important raw materials in production of sponge iron. A part of coal was sourced from domestic open market and balance from overseas markets.Company has two waster heat recovery boilers of 53.2 TPH and 10.3 TPH. Surplus power is sold by way of wheeling to Shah Alloys Ltd. being Promoter of SAL Steel. Iron ore and coal are two important raw materials in production of sponge iron. Iron ore and pellets are procured indigenously and sometime imported. Coal was sourced mostly from overseas markets. Ferro chrome is a value added intermediate product which imparts the noncorrosive property to stainless steel and special alloy steel.Dating back to the history, the Company incorporated as backward integration project for Shah Alloys Limited (SAL). The finished product of Company becames Raw material for SAL. However, due to financial crisis, SAL was not functioning on its optimum capacity and as such, Company was not getting sufficient orders to optimize its production capacity, which adversely affected production of the Company. SAL Steel is a versatile steel, Ferro Alloys and Power Company having operations near Kandla Port in Gujarat in Western India. The Company has double advantage of having proximity one of the busiest commercial port and also to the customer of finished products. It became successful in securing long term tieup for various raw materials by renowned suppliers. This led up to achieve consistent high standard of quality in its finished products.
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S.A.L Steel Ltd FAQs

S.A.L Steel Ltd shares are currently priced at 20.29 on NSE and 20.34 on BSE as of 7/18/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of S.A.L Steel Ltd [SALSTEEL] share was 29.64. The S.A.L Steel Ltd [SALSTEEL] share hit a 1-year low of Rs. 13.8 and a 1-year high of Rs. 30.45.

The market cap of S.A.L Steel Ltd is Rs. 172.4 Cr. as of 7/18/2024 12:00:00 AM.

The PE ratios of S.A.L Steel Ltd is 339 as of 7/18/2024 12:00:00 AM.

The PB ratios of S.A.L Steel Ltd is 4.11 as of 7/18/2024 12:00:00 AM

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