The evidence leans constructive5 supporting, 1 against, 1 worth knowing
Supporting
trading 7% above its 200-day average
up 41% over twelve months
3 independent kinds of evidence agree today, which is uncommon
net margin has widened from 1.6% to 6.3% across four quarters
futures show a long buildup — the move is being funded by new positions
Against
1 of the scans it matches has historically underperformed the market
Worth knowing
revenue grew 1% year on year in the quarter ending 2026-06-30
SAIL sits in Metals — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 162, its 200-day average; open interest reversing while price keeps going.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
read from the filings, with the figure behind every line
Working3
Net profit +120.8% year on year, Rs 745 cr to Rs 1,644 cr.
+120.8%Rs 745 crRs 1,644 cr
Profit grew faster than revenue, +120.8% against +1.2%.
+120.8%+1.2%
Net margin moved from 2.9% to 6.3%.
2.9%6.3%
Needs watching
Nothing in the filings stands out either way.
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.
How it has performed
price return over each window, measured against zero
What the scans say today
4 of 47 matched on 2026-08-21
SAIL matches 4 of the 47 scans today, across 3 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
SAIL trades at 17× trailing earnings, below its median of 21× over this window — 19% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
The Exchange has sought clarification from Steel Authority of India Ltd on August 10, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated August 10, 2026 quoting ....
AGM / EGM filings were typically +0.00pt vs the market over the next 5 sessions (n=4,362) · Dividend filings were typically -0.09pt vs the market over the next 5 sessions (n=634) · Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 1% against the same quarter a year earlier
profit rose 121% year on year
net margin widened from 6.0% to 6.3%
revenue rose in 3 of the last 4 quarters
Going against it
nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
26,246
2,161
1,644
3.98
6.3%
Q4 FY26
2026-03-31 · consolidated
30,813
2,321
1,835
4.44
6.0%
Q3 FY26
2025-12-31 · consolidated
27,371
406
374
0.91
1.4%
Q2 FY26
2025-09-30 · consolidated
26,704
458
419
1.01
1.6%
Q1 FY26
2025-06-30 · consolidated
25,922
895
745
1.80
2.9%
Q4 FY25
2025-03-31 · consolidated
29,316
1,564
1,251
3.03
4.3%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+1.9%
Versus 200-day average+6.8%
Below 52-week high-15.8%
Above 52-week low+37.8%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)61.3
Higher closes in last 53 of 5
Six-month return+4.80%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)3.46%
Volume versus 20-day0.8x
Median daily turnoverRs 254.8 cr
Derivatives
near expiry 2026-08-25 · 2026-08-20
Long Buildup
Price up, open interest up. New buyers are arriving rather than old sellers leaving — the move is being funded, not squeezed.
Futures basis versus spot-0.20%
Open interest change+7.8%
Put / call ratio0.71
Put wall (support)165
Call wall (resistance)180
Max pain172
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Metals & Mining · 22 classified companies
SAIL trades at 16.8× trailing earnings against an industry median of 17.8× across 21 other classified companies in its industry — priced roughly in line with them. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.