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₹62.62

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As of 27 Jul 2026 · delayed

NSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-04-30
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-14

S.A.L Steel Ltd. (SALSTEEL)

Volume: 1,97,903Avg Vol 1W: 89,022.6Avg Vol 1M: 69,435.952W Range:₹14.37₹65.5
NSE BSE www.salsteel.co.in AI Report
Key Ratios
Checked 2d ago
Market Cap₹755 Cr
Current Price₹62.62
Previous Close₹61.06
High / Low (52w)₹65.5 / ₹14.37
Volume1,97,903
Avg Vol (1W)89,022.6
Avg Vol (1M)69,435.9
Stock P/E—
Book Value₹10.13
Dividend Yield—
ROE—
ROA—
Revenue (TTM)₹545 Cr
Revenue Growth—
Profit Margin—
Total Debt₹349 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹-0.07
P/B5.88
Debt / Equity—
50 DMA₹57.36
200 DMA₹47.06
Day change+2.55%
SurveillanceESM · ESM 1
Price Chart
₹62.62▲ 292.60% · 1Y
₹63₹1534.4L
2025-07-29
2026-07-27

20-day avg volume: 69K shares

Cons
  • Revenue fell 22% YoY.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹111 Cr₹124 Cr₹194 Cr₹117 Cr₹128 Cr₹66 Cr₹2 Cr₹12 Cr
EBITDA₹3 Cr₹3 Cr₹10 Cr₹-3 Cr₹-8 Cr₹10 Cr₹-3 Cr₹4 Cr
Net Profit₹0 Cr₹0 Cr₹-1 Cr₹-6 Cr₹-10 Cr₹4 Cr₹7 Cr₹-1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹449 Cr₹576 Cr₹452 Cr₹323 Cr₹535 Cr₹510 Cr₹578 Cr₹545 Cr
EBITDA₹1 Cr₹3 Cr₹19 Cr₹13 Cr₹16 Cr₹13 Cr₹13 Cr₹14 Cr
Net Profit₹42 Cr₹-22 Cr₹16 Cr₹12 Cr₹12 Cr₹4 Cr₹0 Cr₹-6 Cr
EPS4.99-2.541.871.361.360.420.06-0.76
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹283 Cr₹314 Cr₹295 Cr₹291 Cr₹277 Cr₹284 Cr₹338 Cr₹621 Cr
Total Liabilities₹284 Cr₹299 Cr₹269 Cr₹253 Cr₹235 Cr₹242 Cr₹300 Cr₹475 Cr
Equity₹-1 Cr₹15 Cr₹26 Cr₹38 Cr₹42 Cr₹42 Cr₹39 Cr₹147 Cr
Total Debt———————₹349 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹26 Cr₹27 Cr₹11 Cr₹26 Cr₹-21 Cr₹-84 Cr
Investing₹-1 Cr₹0 Cr₹-2 Cr₹-13 Cr₹-18 Cr₹-175 Cr
Financing₹-22 Cr₹-22 Cr₹-7 Cr₹-13 Cr₹39 Cr₹259 Cr
Free Cash Flow₹26 Cr₹27 Cr₹11 Cr₹26 Cr₹-21 Cr₹-259 Cr
Shareholding
Promoter 70.98% Institutions 0% Public 29.02%
About S.A.L Steel Ltd.

Basic Materials · Steel

S.A.L. Steel Limited engages in the manufacture and sale of sponge iron, ferro alloys in India. The company operates through Iron & Steel and Power segments. It also provides direct reduced iron, iron ore pellets, and finished steel products. In addition, the company generates and sells 40 MW power from waste heat recovery boiler and fluidized bed combustion boiler. S.A.L. Steel Limited was incorporated in 2003 and is based in Gandhinagar, India. S.A.L. Steel Limited operates as a subsidiary of Sree Metaliks Limited. As of December 26, 2025, S.A.L. Steel Limited operates as a subsidiary of Sree Metaliks Limited.

www.salsteel.co.in ↗
Efficiency & Working Capital
ROCE0%
Interest Coverage0.8
Dividend Payout—
Debtor Days45 d
Inventory Days67 d
Payable Days14 d
Cash Conversion Cycle99 d
Working Capital Days113 d
Shareholding Details

As of 2026-06-30

Promoter71%
FII0%
DII0%
Institutions0%
Public29%
Promoter Pledge19%
No. of Shareholders53,818
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Oct 2025Oct 2025Dec 2025Feb 2026Mar 2026Jun 2026
Promoters50.6%50.6%50.6%50.6%50.6%50.6%41.2%41.2%61.5%71%71%71%
FIIs0%0.1%0.1%0%0.2%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public49.4%49.4%49.4%49.4%49.3%49.4%58.8%58.8%38.5%29%29%29%
Promoter Pledge45.4%45.4%45.4%45.4%45.4%45.4%45.4%45.4%29.1%19%19%19%
No. of Shareholders66,36065,09763,90464,48663,56560,88459,07659,07657,12455,86355,13253,818
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Sree Metaliks LimitedShareholding of Promoter and Promoter Group57.5%8.33 Cr
Shah Alloys LimitedShareholding of Promoter and Promoter Group13.5%1.95 Cr
Vora Financial Services Pvt LtdPublic Shareholding4.9%70,38,524
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shah Alloys Limited1.95 Cr100%2026-06-30
Board of Directors
NameDesignationYear
Rajendra V ShahChairman & Non Executive Dir.2025
Babulal M SinghalED / WTD / CFO / Non Promoter2025
Mrinal SinhaWhole-time Director2025
Shefali M PatelIndependent Non Exe. Director2025
Shri Mitesh V. JariwalaIndependent Non Exe. Director2025
Shri Bipinbhai A. GosaliaIndependent Non Exe. Director2025
Nipa Jairaj ShahIndependent Non Exe. Director2025
Radhika P SoniCompany Sec. & Compli. Officer2025
Mahesh Kumar AgrawalWTD & Additional Director2025
Hiren S. MahadeviaAdditional Director2025
Kaustubh AgarwalWTD & Additional Director2025
Segments — Product
SegmentRevenueShare
Iron & Steel and Power₹0 Cr—
Segments — Geography
RegionRevenueShare
In India₹544 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101408585
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500008686
2025000033
202500001111
Insider / Designated-Person Trades

5 recent disclosure(s)

SREE METALIKS LIMITEDAcquisition · 3,57,50,000
SREE METALIKS LIMITEDAcquisition · 3,57,50,000
SREE METALIKS LIMITEDAcquisition · 2,34,59,495
SREE METALIKS LIMITEDAcquisition · 48,00,000
Sree Metaliks LimitedAcquisition · 1,92,50,000
Substantial Acquisitions (SAST)

6 disclosure(s)

Conv. of Warrants14/02/2026 · 3,57,50,000
Conv. of Warrants28/12/2025 · 48,00,000
Conv. of Warrants28/12/2025 · 48,00,000
Off Market / Inter se transfer26/12/2025 · 1,27,02,506
Off Market Transfer12/12/2025 · 1,07,56,989
Pref. Allotment30/10/2025 · 1,92,50,000
Company Information
Incorporated2003
ChairmanRajendra V Shah
AuditorParikh & Majmudar
Investor Email[email protected], [email protected]
🌐 www.salsteel.co.in ↗

📍 5/1 Shreeji House 5th Floor, Behind M J Library Ashram Road, Ahmedabad, Gujarat, 380006

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