Steel Authority of India Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 25, 2026
- Posted by: Kunal Singla
- Category: News
Steel Authority of India Rs 178.10 (6 Oct 2026 close). 52-week range Rs 124.00 to Rs 209.70. Q1 FY27 profit Rs 1,644 cr, up 121%; EBITDA per tonne Rs 10,464.
Quick Answer
The Steel Authority of India share price target for 2026 is Rs 154 to Rs 196, which is between 14 percent below and 10 percent above the last close of Rs 178.10, with bull and bear cases of Rs 266 to Rs 304 and Rs 72 to Rs 88. Steel Authority of India reported Q1 FY27 consolidated net profit up 121 percent to Rs 1,644.05 crore on revenue up 1.25 percent to Rs 26,246 crore, with EBITDA up about 50 percent to Rs 4,356 crore and the margin at 16.7 percent. EBITDA per tonne crossed Rs 10,000 for the first time at Rs 10,464, sales volume fell to 4.16 million tonnes because of capital repairs, and debt to equity improved to 0.54. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario.
The Steel Authority of India share price target for 2026 is Rs 154 to Rs 196 in the Univest base case, with the stock at Rs 178.10 at the 6 October 2026 close. That is 15.1 percent below its 52-week high of Rs 209.70 and 43.6 percent above its 52-week low of Rs 124.00, and the stock moved up 34.8 percent over the past year. Steel Authority of India, or SAIL, is a state-owned Maharatna steelmaker with plants at Bhilai, Rourkela, Bokaro and other locations. Debt to equity is 0.53 and the dividend yield is 1.31 percent.
Three things changed since the last update: Q1 FY27 results on 24 July showed profit up 121 percent, the stock jumped 15.3 percent in the week of 24 August to Rs 200, and it fell 10.5 percent the following fortnight. This Steel Authority of India stock analysis covers the Steel Authority of India share price today, the Steel Authority of India share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Steel Authority of India buy or sell view.
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What Is the Steel Authority of India Share Price Target for 2026?
The 2026 target for Steel Authority of India shares is Rs 154 to Rs 196 in the Univest base case, which is -13.5% to +10.1% against the last close. The bull case is Rs 266 to Rs 304 and the bear case is Rs 72 to Rs 88. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Steel Authority of India Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 178.10 |
|---|---|---|---|---|
| Bull Case | Rs 19 | 14x to 16x | 266 to 304 | +49.4% to +70.7% |
| Base Case | Rs 14 | 11x to 14x | 154 to 196 | -13.5% to +10.1% |
| Bear Case | Rs 8 | 9x to 11x | 72 to 88 | -59.6% to -50.6% |
FY28 EPS of Rs 14 in the base case compares with trailing EPS of Rs 10.34 and Q1 EPS of Rs 3.98, and assumes volumes recover with EBITDA per tonne easing toward Rs 9,000. Steel producers trade at 11 to 14 times earnings, and the stock trades at about 12.7 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Steel Authority of India share price target range around the current price.
Steel Authority of India Company Overview and Share Price Today as of 6 October 2026
Steel Authority of India share price today is Rs 178.10 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 73,833 crore, and the stock trades at 17.3 times earnings against an industry average of 23.1 times. The Univest base case Steel Authority of India share price target of Rs 154 to Rs 196 is -13.5% to +10.1% from here. The table below sets out the key numbers behind the Steel Authority of India share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | SAIL | BSE code 500113 |
| Sector | Steel | Per Univest sector classification |
| Last Close (NSE) | Rs 178.10 | 6 Oct 2026 close |
| 52-Week High | Rs 209.70 | CMP is 15.1% below |
| 52-Week Low | Rs 124.00 | CMP is 43.6% above |
| 1-Year Return | About +35% | Weekly close Rs 132.17 on 10 Oct 2025 to Rs 178.1 |
| Market Capitalisation | Rs 73,833 crore | Large cap PSU steel company |
| Trailing P/E | About 17.3x | Industry P/E about 23.08x |
| P/B Ratio | About 1.22x | Book value Rs 146.12 per share |
| EPS (TTM) | Rs 10.34 | Trailing twelve months |
| Return on Equity | About 6.4% | Debt to equity 0.53 |
| Dividend Yield | About 1.31% | Dividend paid yearly |
| 12-Month Target (Base Case) | Rs 154 to Rs 196 | Univest base case |
| Bull Case | Rs 266 to Rs 304 | +49.4% to +70.7% |
| Bear Case | Rs 72 to Rs 88 | -59.6% to -50.6% |
Track live price, fundamentals and results for Steel Authority of India on the Univest Screener.
How Did Steel Authority of India Perform in Q1 FY27?
Steel Authority of India reported Q1 FY27 consolidated net profit of Rs 1,644.05 crore, up 121 percent from Rs 744.58 crore and down 10.4 percent from the previous quarter. Revenue from operations was Rs 26,246 crore, up 1.25 percent. Together these Q1 FY27 numbers anchor the Steel Authority of India share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Consolidated Net Profit | Rs 1,644.05 crore | Up 121% YoY; down 10.4% QoQ |
| Standalone Net Profit | Rs 1,636 crore | Up 138% from Rs 685.5 crore |
| Revenue from Operations | Rs 26,246 crore | Up 1.25% YoY |
| EBITDA | Rs 4,356 crore | Up about 50%; margin 16.7% |
| EBITDA per Tonne | Rs 10,464 | Against Rs 7,869; first time above Rs 10,000 |
| Sales Volume | 4.16 million tonnes | Against 4.55 million a year ago |
Higher realisations offset input cost inflation, while capital repairs cut volume from 5.32 million tonnes in Q4. EPS was Rs 3.98, net worth was Rs 59,720 crore and debt to equity fell to 0.54 from 0.64. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Steel Authority of India share price target.
Why Is SAIL Share Price Down 15 Percent From Its High?
SAIL shares are about 15 percent below the Rs 209.70 high of the week of 11 May 2026, a spike on 29.8 crore shares around Q4 results, but up 44 percent from the Rs 124 low of the week of 15 December 2025. The stock rose 11 percent in the week of 29 December on 19 crore shares.
It jumped 15.3 percent in the week of 24 August to Rs 200 on 25 crore shares, the cause not confirmed, and then fell 10.5 percent in the week of 7 September to Rs 179. It closed at Rs 178.10, with sales volume weak in Q1 on capital repairs. The Steel Authority of India share price target scenarios below account for that move.
Key Catalysts for the Steel Authority of India Share Price Target in 2026
4 catalysts matter most for the Steel Authority of India share price target, and sector tailwinds in Steel are part of the case. Together they decide whether the base case is reached.
1. Margin Expansion
EBITDA margin reached 16.7 percent, the highest since FY22. EBITDA per tonne crossed Rs 10,000. If it plays out, the Steel Authority of India share price target moves toward the top of the base range.
2. Volume Recovery
Volume fell to 4.16 million tonnes on capital repairs. Repairs completed would lift sales back toward 5 million tonnes. Strength here would support the upper end of the Steel Authority of India share price target.
3. Balance Sheet
Debt to equity fell to 0.54 from 0.64. Lower debt cuts interest cost. Delivery on this point keeps the Steel Authority of India share price target on track.
4. Valuation
The stock trades at 17 times trailing earnings and 1.2 times book. Lower multiples than peers leave room if profit holds. Better news here would lift the Steel Authority of India share price target toward the bull case.
What Are the Key Risks to the Steel Authority of India Share Price Target?
The main risks are steel price swings, input costs, weak volume and state ownership. Each can pull the Steel Authority of India share price target lower.
Steel Price Swings
Realisations drove the profit jump. A fall in steel prices would cut EBITDA per tonne fast. If it materialises, the Steel Authority of India share price target would slip toward the bear case.
Input Costs
Coking coal and iron ore costs rose in Q1. Cost inflation would squeeze margin. This is the main downside risk to the Steel Authority of India share price target.
Weak Volume
Sales fell to 4.16 million tonnes from 5.32 million in Q4. Slow recovery would hold revenue flat. A worsening here would cut the Steel Authority of India share price target toward the low end of the range.
Earnings Reset
A bear case EPS of Rs 8 at 9 times would put the price near Rs 72. Watch it closely, because it can pull the Steel Authority of India share price target lower quickly.
Steel Authority of India Stock Analysis: Support and Resistance Levels for the Share Price Target
Steel Authority of India stock analysis on weekly charts shows a range of Rs 170.50 to Rs 191.36 since mid-September, with the stock in the middle.
The first support level is Rs 170.50 to Rs 173.28, the lows of the weeks of 14 September, 28 September and 5 October. Below that, Rs 124 is the 52-week low and there is no weekly support in between.
The first resistance level is Rs 180.45 to Rs 188.22, the highs of the weeks of 5 and 28 September. Above that, Rs 191.36 is the high of the week of 21 September and Rs 197 to Rs 201 marks the highs of the weeks of 7 September and 24 August. These levels come from weekly price action, are not trade recommendations, and frame the near-term Steel Authority of India share price target.
Steel Authority of India Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Steel Authority of India Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 170 and Rs 188. A close above Rs 188 would put Rs 197 to Rs 200 in play, while a weekly close under Rs 170 would open a slide toward Rs 160. The Q2 FY27 results are the main trigger. This range anchors the near-term Steel Authority of India share price target.
12-Month and 2027 Steel Authority of India Share Price Target
The 12-month target price is Rs 154 to Rs 196, valued on 11 to 14 times FY28 EPS of Rs 14. The range across scenarios runs from Rs 72 in the bear case to Rs 304 in the bull case.
Long-Term Steel Authority of India Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 176 to Rs 252. This assumes EPS of Rs 16 in FY29 and Rs 18 in FY30 and a multiple of 11 to 14 times. It needs EBITDA per tonne to hold above Rs 9,000, volumes to recover from the capital repairs and the capacity expansion to stay on schedule. This is the long-term Steel Authority of India share price target in the Univest scenarios.
Bull Case and Bear Case for Steel Authority of India Share Price Target
Bull Case Rs 266 to Rs 304
The bull case of Rs 266 to Rs 304 for the Steel Authority of India share price target needs EPS of Rs 19 and the market to pay 14 to 16 times for it. It is +49.4% to +70.7% from the last close.
Bear Case Rs 72 to Rs 88
The bear case of Rs 72 to Rs 88 for the Steel Authority of India share price target equals 9 to 11 times FY28 EPS of Rs 8 and sits below the Rs 124 low. It is -59.6% to -50.6% from the last close.
Is Steel Authority of India a Good Buy at Rs 178? Steel Authority of India Buy or Sell View
Whether Steel Authority of India is a buy at Rs 178.10 depends on horizon and risk appetite. The base case sits between 14 percent below and 10 percent above the current price, the stock is 15 percent below its high, and the open question is volume. The Steel Authority of India share price target range is the starting point for that decision.
Long-term holders may focus on EBITDA per tonne, volume recovery and debt, and treat Rs 170 as the level to watch. Short-term traders may prefer to wait for a close above Rs 188. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Steel Authority of India buy or sell view is educational.
How to Invest in Steel Authority of India Shares
Step 1: Check the live price, valuation and the latest Steel Authority of India share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Steel Authority of India share price target.
Step 3: Search for SAIL on the NSE or 500113 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 72 is bearable.
Step 5: Track steel prices, volume and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Steel Authority of India share price target.
Conclusion
Steel Authority of India closed at Rs 178.10 against a Univest base case share price target of Rs 154 to Rs 196, a bull case of Rs 266 to Rs 304 and a bear case of Rs 72 to Rs 88. Q1 FY27 delivered profit up 121 percent with EBITDA per tonne at Rs 10,464. The main risks are steel price swings, input costs and weak volume.
The stock is 15.1 percent below its 52-week high, so the base case sits between 14 percent below and 10 percent above the current price. The triggers to watch are steel prices, volume and Q2 FY27 results and the Rs 170 and Rs 188 levels. Re-check the Steel Authority of India share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Steel Authority of India live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Steel Authority of India Share Price Target 2026
What is the Steel Authority of India share price target for 2026?
Ans. The Steel Authority of India share price target for 2026 is Rs 154 to Rs 196 in the Univest base case, with a bull case of Rs 266 to Rs 304 and a bear case of Rs 72 to Rs 88. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Steel Authority of India share price target for 2027?
Ans. The Steel Authority of India share price target for 2027 is Rs 154 to Rs 196 in the base case, valued on 11 to 14 times FY28 EPS of Rs 14. The scenario range runs from Rs 72 to Rs 304.
Is Steel Authority of India a good buy at Rs 178.10?
Ans. Whether Steel Authority of India is a good buy at Rs 178.10 depends on your horizon, risk appetite and how you read the Steel Authority of India share price target. Profit more than doubled and the stock trades below the industry multiple, but steel prices swing and volume was weak. Consult a SEBI-registered advisor before investing.
What are the key risks to the Steel Authority of India share price target?
Ans. The key risks to the Steel Authority of India share price target are steel price swings, input costs, weak volume and earnings reset. Realisations drove the profit jump. A fall in steel prices would cut EBITDA per tonne fast.
What are the key catalysts for the Steel Authority of India share price target?
Ans. The key catalysts for the Steel Authority of India share price target are margin expansion, volume recovery, balance sheet and valuation. EBITDA margin reached 16.7 percent, the highest since FY22. EBITDA per tonne crossed Rs 10,000.
Where can I track Steel Authority of India share price today and Steel Authority of India share price target updates?
Ans. You can track the live Steel Authority of India share price, results and any change to the Steel Authority of India share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Steel Authority of India’s 52-week high and low?
Ans. Steel Authority of India’s 52-week high is Rs 209.70 and its 52-week low is Rs 124.00, based on weekly NSE data. At Rs 178.10 the stock is 15.1 percent below the high and 43.6 percent above the low. Both levels frame the Steel Authority of India share price target.
How to buy Steel Authority of India shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for SAIL on the NSE or 500113 on the BSE, and place a limit order near your entry price, using the Steel Authority of India share price target range as a guide. Size the position so a fall to Rs 72 is bearable, and check the live price on the Univest Screener first.
