S.A.L Steel Ltd


BSE: 532604 | NSE: SALSTEEL | ISIN: INE658G01014 
Market Cap: [Rs.Cr.] 17 | Face Value: [Rs.] 10
Industry: Steel - Sponge Iron

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Company Profile

S.A.L. Steel Limited is an India-based iron and steel company. The Company is engaged in manufacturing ferro alloys and sponge iron. It produces sponge iron, ferro alloys, power and manganese steel (MS) and stainless steel (SS) angle. Out of the total production 50% of sponge iron is used by Shah Alloys Ltd. and remaining 50% is sold to steel industries and states, such as Rajasthan, Haryana, Punjab and Himachal Pradesh. The Company's ferro alloys plant capacity is 60,000 tons per annum. The Company generates Power 40 megawatt from its waste heat recovery boiler and fluidized bed combustion boiler. SAL Steel is a versatile steel, Ferro Alloys and Power Company having operations near Kandla Port in the state of Gujarat in Western India. The company was incorporated in the year 2003. The company is also selling power to various customers from its 40 MW power plant. The company has double advantage of having proximity one of the busiest commercial port and also to the customer of companys finished products. It has been successful in securing long term tie-up for our various raw materials by renowned suppliers. This has led up to achieve consistent high standard of quality in its finished products. During the fiscal year ended March 31, 2010 (fiscal 2010), its net saleable production of sponge iron was 69,069 million tons, ferro chrome was 11,973.184 million tons and silicon manganese was 2,933.685 million tons. During fiscal 2010, the Company's net saleable production of power was 99,545.930 megawatt hours.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Jindal Steel 27,212.03 13.58 2.20 14.70 21.6 15.4 1.42
Monnet Ispat 1,096.58 3.91 0.46 11.03 13.0 8.5 1.45
Tata Sponge Iron 462.31 5.41 0.71 1.80 14.1 21.8 0.00
Orissa Sponge 313.07 0.00 3.80 0.00 0.0 0.0 1.36
Gallantt Ispat 202.92 25.78 1.12 6.69 -1.0 4.5 0.93
MSP Steel & Pow. 180.16 8.21 0.34 8.30 7.4 8.3 2.13
Jai Balaji Inds. 163.60 0.00 0.23 32.49 0.0 0.0 2.35
Nova Iron &Steel 140.77 0.00 -1.61 0.00 0.0 0.0 1.01
Lloyds Metals 124.66 65.88 1.00 6.83 3.1 11.8 0.29
Ankit Met.Power 111.59 2.19 0.25 7.99 9.2 8.8 1.30
Bihar Sponge 30.05 0.00 -0.56 0.00 0.0 0.0 0.00
S.A.L Steel 17.42 0.00 0.14 6.51 -1.9 5.4 1.84
Ashirwad Steels 11.26 7.39 0.23 9.91 -2.9 -2.8 0.00
Suraj Products 9.20 9.51 0.59 3.46 8.8 10.8 1.49
Vaswani Inds. 9.01 0.00 0.10 2.85 1.6 12.2 0.50

Futures & Options Quote

 
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Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

Rajendra V Shah , Chairman  

Sujal A Shah , Director  

Babulal M Singhal , Director (Commercial)  

Anilkumar Pandya , Director (Commercial)  


Company Head Office / Quarters:
5/1 Shreeji House 5th Floor,
Behind M J Library Ashram Road,
Ahmedabad,
Gujarat-380006
Phone : 91-79-26578030
Fax :
E-mail : salsteel.ltd@rediffmail.com
Web : http://www.salsteelltd.com
Registrars:
Karvy Computershare Pvt Ltd
Plot No 17-24
Vittal Rao Nagar
Madhapur
Hyderabad-500081

Fund Holding

 
Scheme Name No. of Shares
No data found

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