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A quick look at SAIL (Steel Authority of India)

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  1. Introduction
  2. The origin of Steel Authority of India (SAIL)
    1. The evolution of SAIL
  3. Capital structure analysis with solvency ratios
    1. Investment analysis
    2. Profitability analysis
    3. Debt analysis
  4. Conclusion

Incorporated in 1973, the Steel Authority of India (SAIL) is a giant among the steel majors in India. It is the largest steel conglomerate in the country and the world's ninth-largest steelmaker. It manages and operates five integrated steel plants at Bhilai, Madhya Pradesh; Bokaro, Bihar; Durgapur, West Bengal; Rourkela, Orissa; and Burnpur, West Bengal. It also has four units for special and alloy steels and ferro alloys at Durgapur, West Bengal; Salem, Tamil Nadu; Chandrapur, Maharashtra; and Bhadravati, Karnataka. SAIL operates nine iron ore, five limestone, three dolomite and three coal mines besides generating 700 MW of captive power. The Central Marketing Organization, with its headquarters at Calcutta, monitors its domestic market through an expanding network of stockyards, dockyards, branch sales offices and consignment agents while the International Trade Division looks after its export of world-class steel to as many as 70 countries across the globe, by establishing close liaison with buyers abroad.

[...] Profitability Analysis: table YEAR NS/CE PBIT/NS PBIT/CE PAT/PBIT CE/NW ROE The gross profit margin, i.e., PBIT/NS reflects the efficiency with which management produces each unit of product. The ratio indicates the average spread between the cost of goods sold and the sale revenue. A high gross profit margin implies that the firm is able to produce at relatively lower cost and a high gross profit margin ratio is a sign of good management. On the other hand, a low gross profit margin may reflect higher cost of goods sold, inefficient utilization of plant and machinery, etc. [...]


[...] Company's current assets from a meager amount of 23.41 in 2003 they rose up to 4955.59 in 2006 showing that the company has more liquidity in the form of current assets and it is able enough to pay out its current obligations well in time. Over the year's company's investment remained more or less at the same level. But in 2006 it declined to 292.00 indicating that the company declined its investment in outside securities and other assets. Company's Net Worth has been decreasing from 1997 to 2003. [...]

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