Table of Contents
Is SAIL a debt free company?
Furthermore, good cash flows are leading to significant debt reduction on its balance sheet. With SAIL expected to be net debt-free, a major concern for investors will be behind. Not surprisingly, share prices ended with gains of over 8\% on Monday.
Is SAIL a profitable company?
Its net income during April-June 2021 more than doubled to Rs 20,754.75 crore, compared with Rs 9,346.21 crore in the year-ago period. Total expenses stood at Rs 15,604.07 crore, against Rs 11,325.10 crore a year ago.
Is SAIL running in loss?
In the first quarter of the current fiscal, SAIL had reported a loss of Rs 1,226.47 crore. “Signifying the pick-up in performance and activities, SAIL’s turnover in Q2 FY21 also registered an improvement of more than 20\% over CPLY and stood at Rs 16,834.1 crore.
How much is debt on a SAIL?
SAIL had decreased its net debt by ₹ 16,131 crore to ₹ 35,350 crore during the financial year 2020-21. The Maharatna PSU had announced that it would spend ₹ 8,000 crore as capital expenditure in the current financial year.
Who are the promoters of sail?
presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.
| Shareholding Pattern – Steel Authority of India (SAIL) Ltd. | ||
|---|---|---|
| Promoters | 2684714550 | 65\% |
| ForeignInstitutions | 222027953 | 5.38\% |
| NBanksMutualFunds | 159675887 | 3.87\% |
| CentralGovt | 3118462 | 0.08\% |
Is sail a profit or loss?
Financials
| Profit & Loss account of Steel Authority of India (in Rs. Cr.) | Mar 21 | Mar 18 |
|---|---|---|
| Total Tax Expenses | 3,029.01 | -277.23 |
| Profit/Loss After Tax And Before ExtraOrdinary Items | 3,850.02 | -481.71 |
| Profit/Loss From Continuing Operations | 3,850.02 | -481.71 |
| Profit/Loss For The Period | 3,850.02 | -481.71 |
What are the future prospects of sail?
With an annual production of 16.30 million metric tons, SAIL is the 20th largest steel producer in the world and the largest in India. The Hot Metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.
Is SAIL a profit or loss?
What are the future prospects of SAIL?
Is Rakesh Jhunjhunwala buy sail?
Indian ace investor Rakesh Jhunjhunwala has raised his stake in PSU metal company Steel Authority of India (SAIL) during the July-September 2021 period, the recent shareholding data on BSE showed. The investor had added the PSU metal stock in his portfolio in the previous quarter of June 2021.
https://www.youtube.com/watch?v=gHQpUPb5CIs