Steel Authority of India Share Price Target 2027: What Earnings Say About Rs 179 and Rs 217
- November 5, 2026
- Posted by: Chaitanya Auti
- Category: Market
Steel Authority of India share price Rs 170.66 (5 November 2026). Base target Rs 179, bull Rs 217, downside risk Rs 136. PE 12.55. 52W range Rs 124.00 to Rs 209.70.
Quick Answer
The Steel Authority of India share price target for 2027 is Rs 179, about 4.9% above the current price of Rs 170.66. The bull case is Rs 217, and the downside risk level, which is not a target, is Rs 136. The base case assumes earnings per share grow 4.9% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 12.55. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Steel Authority of India target price for 2027 should start with where the stock sits today. At Rs 170.66 on 5 November 2026, it is 18.6% below its 52-week high of Rs 209.70 and 37.6% above its 52-week low of Rs 124.00. That range spans 69% from low to high, so the entry point matters as much as the Steel Authority of India price forecast itself.
This article builds the Steel Authority of India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Steel Authority of India Stock Analysis: Company Overview and Key Stats
Steel Authority of India (NSE: SAIL) has a market capitalisation of Rs 70,343 crore. In FY26 it reported revenue of Rs 1,11,705 crore and net profit of Rs 3,373 crore. The table collects the figures the Steel Authority of India share price target is built on.
| Metric | Value |
|---|---|
| Company | Steel Authority of India |
| NSE Ticker | SAIL |
| CMP (5 November 2026) | Rs 170.66 |
| 52-Week High | Rs 209.70 |
| 52-Week Low | Rs 124.00 |
| Market Cap | Rs 70,343 crore |
| PE Ratio (TTM) | 12.55 |
| Industry PE | 20.46 |
| Price to Book | 1.13 |
| Return on Equity | 8.96% |
| Debt to Equity | 0.50 |
| EPS (TTM) | Rs 13.57 |
| Dividend Yield | 1.38% |
| 12-Month Base Target | Rs 179 |
| Bull Case | Rs 217 |
| Downside Risk Level (not a target) | Rs 136 |
Why Is Steel Authority of India Share Price Target Set at Rs 179 for 2027?
The arithmetic is short. Trailing EPS of Rs 13.57 grown for one year gives a forward EPS estimate of Rs 14.24, and multiplying it by the unchanged PE of 12.55 gives the Rs 179 base-case Steel Authority of India stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Steel Authority of India Target Price: Five Years of Results
Steel Authority of India grew revenue from Rs 1,04,335 crore in FY22 to Rs 1,11,705 crore in FY26, a compound annual growth rate of 1.7%. Net profit grew more slowly, from Rs 12,243 crore to Rs 3,373 crore (-27.6% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 1,04,335.39 | 12,243.47 | 29.64 | 8.75 |
| FY23 | 1,05,398.08 | 2,176.53 | 5.27 | 1.50 |
| FY24 | 1,06,445.29 | 3,066.67 | 7.42 | 2.00 |
| FY25 | 1,03,354.09 | 2,371.80 | 5.74 | 1.60 |
| FY26 | 1,11,705.02 | 3,372.80 | 8.17 | 2.35 |
FY26 revenue growth was 8.1%, faster than the four-year average of 1.7%, and net profit moved up 42.2%. EPS rose from Rs 7.42 in FY24 to Rs 8.17 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Steel Authority of India converted 3.0% of FY26 revenue into net profit, against 2.3% in FY25, within a five-year range of 2.1% to 11.7%. EBITDA margin was 11.3% in FY26 versus 11.3% in FY25.
In the September 2026 quarter, revenue was Rs 32,230 crore, up 19.8% from the same quarter a year earlier, while net profit of Rs 1,750 crore was up 318.1%. EBITDA came in at Rs 4,449 crore, up 62.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.50, and shareholders’ equity grew from Rs 54,212 crore in FY22 to Rs 60,356 crore in FY26. Operating cash flow in FY26 was Rs 19,039 crore against capital expenditure of Rs 8,758 crore, leaving free cash flow of Rs 10,281 crore, or 14.6% of the current market capitalisation. In FY25 free cash flow was Rs 3,693 crore.
Valuation Check for the Steel Authority of India Stock Target: PE, Price to Book and ROE
At a PE of 12.55 against an industry PE of 20.46, Steel Authority of India trades at a discount to its industry. Price to book is 1.13 on a book value of Rs 151.36 per share, and return on equity is 8.96%. A PE of 12.55 equals an earnings yield of 8.0%, and the FY26 dividend of Rs 2.35 per share gives a yield of 1.38%.
Shareholding Pattern and Institutional Holding
Promoters held 65.00% of Steel Authority of India in September 2026, and promoter holding has stayed near 65.00% since September 2025. Foreign institutional investors (FII) held 7.31% and domestic institutions (DII) held 16.49%, which puts total institutional holding at 23.80%. FII holding rose from 3.76% in September 2025 to 7.31% in September 2026. Public shareholders own the remaining 11.20%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Steel Authority of India Share Price Targets for the Short Term and 12 Months
Short Term Steel Authority of India Stock Target Levels: Technical Setup
At Rs 170.66 on 5 November 2026, Steel Authority of India trades below its 50-day simple moving average of Rs 177.89 and above its 200-day exponential moving average of Rs 168.13. The 14-day RSI reads 50.5, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 177.89 (50-day simple moving average) and the nearest support is Rs 168.13 (200-day exponential moving average). A sustained move above Rs 177.89 would improve the short-term setup, while a close below Rs 168.13 would shift attention to the next support.
12 Month Steel Authority of India Target Price for 2027
The 12-month target of Rs 179 means a move of 4.9% up from Rs 170.66 over the next 12 months. It would still leave the stock 14.6% below its 52-week high of Rs 209.70. The upside in the base case is thin, so the thesis here leans on the bull case and on patience. Anyone checking the Steel Authority of India share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Steel Authority of India Target Price
| EPS Growth | PE 10.04 | PE 12.55 | PE 14.43 |
|---|---|---|---|
| 0.0% (EPS Rs 13.57) | Rs 136 | Rs 170 | Rs 196 |
| 4.9% (EPS Rs 14.24) | Rs 143 | Rs 179 | Rs 205 |
| 10.9% (EPS Rs 15.05) | Rs 151 | Rs 189 | Rs 217 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Steel Authority of India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Steel Authority of India Stock Target in 2027
Bull Case Rs 217
The bull case Steel Authority of India price target needs EPS growth of 10.9%, which lifts forward EPS to Rs 15.05, and a PE multiple that rises 15% to 14.43. That gives Rs 217, 27.2% above the current price and above the 52-week high of Rs 209.70, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 136
The downside risk level is not a target. It assumes EPS stays flat at Rs 13.57 and the PE falls 20% to 10.04. That gives Rs 136, 20.3% below the current price and above the 52-week low of Rs 124.00.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 10.9% | 14.43 | Rs 217 | +27.2% |
| Base Case | 4.9% | 12.55 | Rs 179 | +4.9% |
| Downside Risk | 0.0% | 10.04 | Rs 136 | -20.3% |
Key Risks to the Steel Authority of India Target Price for 2027
Growth Slowdown Risk for the Steel Authority of India Price Target
Revenue in the September 2026 quarter was up 19.8% year on year, and FY26 revenue growth was 8.1%. If growth slows from here, the EPS estimate behind the Steel Authority of India stock target will need revising.
Liquidity and Size Risk
Steel Authority of India has a market capitalisation of Rs 70,343 crore. Institutional holding is 23.80%, and promoters hold 65.00%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 3.0% in FY26, so a small slip in costs moves profit noticeably. At a PE of 12.55 versus an industry PE of 20.46, a de-rating toward the downside-risk PE of 10.04 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 50.5 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. That applies to any Steel Authority of India stock target, however carefully it is built. Treat every Steel Authority of India share price target as a range of outcomes rather than a single point.
How to Invest in Steel Authority of India
Start with the live price and volume. Any Steel Authority of India share price target is only as current as the data behind it, and the data here is as of 5 November 2026, so refresh the Rs 170.66 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Steel Authority of India’s PE, ROE, debt and shareholding in one place.
Check Steel Authority of India fundamentals on the Univest Screener
Then compare the three Steel Authority of India target price scenarios with your own view. If you expect EPS growth below 4.9%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Steel Authority of India live price and get daily stock recommendations.
Conclusion
The Steel Authority of India share price target for 2027 is Rs 179 in the base case, with Rs 217 as the bull case. The support for that view is arithmetic you can check: EPS grew 4.9% a year over FY24 to FY26, and the stock trades at a PE of 12.55. The risks are equally concrete, including a net margin of just 3.0% that leaves profit sensitive to costs and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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 2027
What is the Steel Authority of India share price target for 2027?
Ans. The base-case Steel Authority of India share price target for 2027 is Rs 179, which is 4.9% above the price of Rs 170.66 on 5 November 2026. The bull case is Rs 217 and the downside risk level, which is not a target, is Rs 136. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Steel Authority of India share price today?
Ans. As of 5 November 2026, 11:37 AM IST, Steel Authority of India (NSE: SAIL) trades at Rs 170.66, up 0.10% on the day. That is 18.6% below the 52-week high of Rs 209.70 and 37.6% above the 52-week low of Rs 124.00. The market capitalisation of Rs 70,343 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Steel Authority of India a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 4.9% a year over FY24 to FY26 and the base case implies 4.9% upside; on the cautious side, the net margin is a thin 3.0%, and the downside risk level of Rs 136 is 20% below the current price. Whether Steel Authority of India fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Steel Authority of India shares?
Ans. The bull case in the Steel Authority of India share price target for 2027 is Rs 217, which assumes 10.9% EPS growth and a PE of 14.43, a 15% re-rating from today’s multiple. That is 27.2% above the current price and above the 52-week high of Rs 209.70, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 136, which assumes flat EPS and a PE of 10.04, 20% lower than today. It sits 20.3% below the current price and above the 52-week low of Rs 124.00, and it marks a risk to watch, not a target.
What are the main risks to the Steel Authority of India price target?
Ans. Four risks matter most for the Steel Authority of India share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 70,343 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 10.04 would cut the price even if earnings hold.
What is the PE ratio of Steel Authority of India and how does it compare with the industry?
Ans. The PE ratio of Steel Authority of India is 12.55, against an industry PE of 20.46, which is a discount to the industry. Price to book is 1.13 and return on equity is 8.96%, and the PE equals an earnings yield of 8.0%. The base case holds the PE unchanged, so the Steel Authority of India share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Steel Authority of India, and what is the promoter holding?
Ans. Promoters held 65.00% of Steel Authority of India in September 2026. FII held 7.31%, DII held 16.49% and the public held 11.20%. Together the two institutional groups hold 23.80%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Steel Authority of India’s latest quarterly results?
Ans. In the September 2026 quarter, Steel Authority of India reported revenue of Rs 32,230 crore (up 19.8% year on year) and net profit of Rs 1,750 crore (up 318.1%). For comparison, FY26 full-year revenue growth was 8.1% and net profit moved up 42.2%. Each new quarter either supports or weakens the EPS growth of 4.9% assumed in the base case.