Debut Plus

₹53.12

▼ -1.64 -2.99%

17 Jul 2026

NSE Listed

ESM 1

SAL Steel Ltd. (SALSTEEL)

Volume: 76,293Avg Vol 1W: 50,050.2Avg Vol 1M: 70,615.152W Range:₹14.37₹65.5
NSE BSE www.salsteel.co.in
Key Ratios
Checked 13h ago
Market Cap₹793 Cr
Current Price₹53.12
Previous Close₹54.76
High / Low (52w)₹65.5 / ₹14.37
Volume76,293
Avg Vol (1W)50,050.2
Avg Vol (1M)70,615.1
Stock P/E—
Book Value₹10.13
Dividend Yield0%
ROE-11.21%
ROA-5.5%
Revenue (TTM)₹545 Cr
Revenue Growth—
Profit Margin-16.4%
Total Debt—
Shares Outstanding14 Cr
Face Value₹10
EPS (TTM)₹0
P/B5.43
Debt / Equity3.75
50 DMA₹57.94
200 DMA₹46.09
Day change-2.99%
SurveillanceESM 1 (as of 2026-07-13)
Price Chart
₹53.12▲ 216.38% · 1Y
₹63₹1534.4L
2025-07-17
2026-07-16

20-day avg volume: 71K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 22% YoY.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹111 Cr₹124 Cr₹194 Cr₹117 Cr₹128 Cr₹66 Cr₹2 Cr₹12 Cr
EBITDA₹3 Cr₹3 Cr₹10 Cr₹-3 Cr₹-8 Cr₹10 Cr₹-3 Cr₹4 Cr
Net Profit₹0 Cr₹0 Cr₹-1 Cr₹-6 Cr₹-10 Cr₹4 Cr₹7 Cr₹-1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹449 Cr₹576 Cr₹452 Cr₹323 Cr₹535 Cr₹510 Cr₹578 Cr₹545 Cr
EBITDA₹1 Cr₹3 Cr₹19 Cr₹13 Cr₹16 Cr₹13 Cr₹13 Cr₹14 Cr
Net Profit₹42 Cr₹-22 Cr₹16 Cr₹12 Cr₹12 Cr₹4 Cr₹0 Cr₹-6 Cr
EPS4.99-2.541.871.361.360.420.06-0.76
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹282 Cr₹283 Cr₹314 Cr₹295 Cr₹291 Cr₹277 Cr₹284 Cr₹338 Cr
Total Liabilities₹262 Cr₹284 Cr₹299 Cr₹269 Cr₹253 Cr₹235 Cr₹242 Cr₹300 Cr
Equity₹20 Cr₹-1 Cr₹15 Cr₹26 Cr₹38 Cr₹42 Cr₹42 Cr₹39 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹26 Cr₹27 Cr₹11 Cr₹26 Cr₹-21 Cr
Investing₹-1 Cr₹0 Cr₹-2 Cr₹-13 Cr₹-18 Cr
Financing₹-22 Cr₹-22 Cr₹-7 Cr₹-13 Cr₹39 Cr
Free Cash Flow₹26 Cr₹27 Cr₹11 Cr₹26 Cr₹-21 Cr
Shareholding
Promoter 70.98% Institutions 0% Public 29.01%
Efficiency & Working Capital
ROCE0.7%
Interest Coverage0.8
Dividend Payout—
Debtor Days45 d
Inventory Days67 d
Payable Days14 d
Cash Conversion Cycle99 d
Working Capital Days113 d
Shareholding Details

As of 2026-06-30

Promoter71%
FII0%
DII0%
Institutions0%
Public29%
Promoter Pledge19%
No. of Shareholders53,818
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Oct 2025Oct 2025Dec 2025Feb 2026Mar 2026Jun 2026
Promoters50.6%50.6%50.6%50.6%50.6%50.6%41.2%41.2%61.5%71%71%71%
FIIs0%0.1%0.1%0%0.2%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public49.4%49.4%49.4%49.4%49.3%49.4%58.8%58.8%38.5%29%29%29%
Promoter Pledge45.4%45.4%45.4%45.4%45.4%45.4%45.4%45.4%29.1%19%19%19%
No. of Shareholders66,36065,09763,90464,48663,56560,88459,07659,07657,12455,86355,13253,818
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Sree Metaliks LimitedShareholding of Promoter and Promoter Group57.5%8.33 Cr
Shah Alloys LimitedShareholding of Promoter and Promoter Group13.5%1.95 Cr
Vora Financial Services Pvt LtdPublic Shareholding4.9%70,38,524
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Sree Metaliks Limited00%2026-06-30
Shah Alloys Limited1.95 Cr100%2026-06-30
Vora Financial Services Pvt Ltd00%2026-06-30
Sree Metaliks Limited00%2026-03-31
Shah Alloys Limited1.95 Cr100%2026-03-31
Jmp Securities Private Limited00%2026-03-31
Vora Financial Services Private Limited00%2026-03-31
Sree Metaliks Limited00%2026-02-14
Shah Alloys Limited1.95 Cr100%2026-02-14
Vora Financial Services Pvt Ltd00%2026-02-14
Sree Metaliks Limited00%2025-12-31
Shah Alloys Limited1.95 Cr100%2025-12-31
Board of Directors
NameDesignationYear
Rajendra V ShahChairman & Non Executive Dir.2025
Babulal M SinghalED / WTD / CFO / Non Promoter2025
Mrinal SinhaWhole-time Director2025
Shefali M PatelIndependent Non Exe. Director2025
Shri Mitesh V. JariwalaIndependent Non Exe. Director2025
Shri Bipinbhai A. GosaliaIndependent Non Exe. Director2025
Nipa Jairaj ShahIndependent Non Exe. Director2025
Radhika P SoniCompany Sec. & Compli. Officer2025
Mahesh Kumar AgrawalWTD & Additional Director2025
Hiren S. MahadeviaAdditional Director2025
Kaustubh AgarwalWTD & Additional Director2025
Segments — Product
SegmentRevenueShare
Iron & Steel and Power₹0 Cr—
Segments — Geography
RegionRevenueShare
In India₹544 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101408585
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500008686
2025000033
202500001111
Insider / Designated-Person Trades

5 recent disclosure(s)

SREE METALIKS LIMITEDAcquisition · 3,57,50,000
SREE METALIKS LIMITEDAcquisition · 3,57,50,000
SREE METALIKS LIMITEDAcquisition · 2,34,59,495
SREE METALIKS LIMITEDAcquisition · 48,00,000
Sree Metaliks LimitedAcquisition · 1,92,50,000
Substantial Acquisitions (SAST)

7 disclosure(s)

Conv. of Warrants14/02/2026 · 3,57,50,000
Conv. of Warrants28/12/2025 · 48,00,000
Conv. of Warrants28/12/2025 · 48,00,000
Off Market / Inter se transfer26/12/2025 · 1,27,02,506
Off Market Transfer12/12/2025 · 1,07,56,989
Pref. Allotment30/10/2025 · 1,92,50,000
Company Information
Incorporated2003
ChairmanRajendra V Shah
AuditorParikh & Majmudar
Investor Email[email protected], [email protected]
🌐 www.salsteel.co.in ↗

📍 5/1 Shreeji House 5th Floor, Behind M J Library Ashram Road, Ahmedabad, Gujarat, 380006

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