SAIL: What are the impending growth triggers?
Investors need to keep an eye on steel prices; any steep decline can lead to rating downgrade for SAIL
June 15, 2021 / 09:29 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Steel Authority of India Ltd’s (SAIL; CMP: Rs 137; Market Capitalisation: Rs 56,685 crore) March 2021 results were above Street expectations. SAIL has declared a final dividend of Rs 1.80 per share, taking the total dividend to Rs 2.80 per share, amounting to around 30 per cent payout for FY21.
March 2021 quarter results
Revenues increased by 17 per cent quarter-on-quarter (QoQ) on the back of a 4 per cent volume growth and a 12 per cent increase in realisation per...