India's SAIL earnings leave brokerages divided; analysts largely bearish

Steel Authority of India

18/05/2026 05:11

** Steel Authority of India SAIL.NS shares fall 0.4% to 191.57 rupees

** Co reports quarterly revenue from operations of 308.13 billion rupees ($3.20 billion), compared to 293.16 billion rupees, a year earlier

** Posts net profit of 16.79 billion rupees, up from 11.77 billion rupees last year

** BOB Capital Markets maintains 'sell', raises TP to 178 rupees from 132 rupees; says outlook remains positive, supported by improving steel prices and healthy demand from infrastructure, railways & construction

** Emkay Global maintains 'buy' and TP of 200 rupees; says we expect further improvement in EBITDA with steel prices remaining firm

** Eleven of 25 brokerages rate the stock "sell" or lower; their median PT is 150 rupees

** YTD, stock up 30.6% vs 8.6% decline in Nifty 100 Index .NIFTY100

($1 = 96.1800 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))