The updated fair value for Steel Authority of India has moved to ₹185.04 from ₹179.50, which is a modest change in the modelled price target. Analysts link this shift to refreshed assumptions that keep the overall thesis intact while fine tuning how they think about earnings power and delivery on plans. Read on to see how this revised price target fits into the broader narrative and what to watch as the story develops from here.
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What Wall Street Has Been Saying
🐂 Bullish Takeaways
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Several firms raising their fair value estimates for Steel Authority of India view the updated ₹185.04 level as consistent with the existing thesis, with changes framed as a refinement of earnings and execution assumptions rather than a new story.
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Supportive commentary often focuses on delivery against stated plans and the ability to convert the current project and capacity pipeline into earnings power, which underpins the modest uplift from ₹179.50.
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Analysts who are constructive on Steel Authority of India tend to highlight the role of ongoing operational improvements and capital discipline when they think about how the stock trades relative to their refreshed models.
🐻 Bearish Takeaways
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On the cautious side, some analysts point out that the adjustment in fair value for Steel Authority of India is small, which they view as a signal that upside in their base case remains measured.
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There is also attention on execution risks around earnings delivery and project timelines, with more conservative views stressing that any slip relative to current assumptions could limit how much support this fair value offers.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!
We've flagged 1 risk for Steel Authority of India. See which could impact your investment.
What's in the News
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Steel Authority of India has scheduled a board meeting on October 27, 2026 to consider, approve and take on record the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
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At the AGM held on September 24, 2026, Steel Authority of India approved a final dividend of ₹2.35 per equity share with a face value of ₹10 for the financial year 2025-26.
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Mecon Ltd is reported to be planning a merger involving NMDC Steel Limited, Rashtriya Ispat Nigam Ltd and Steel Authority of India into a single public sector steel company under the Ministry of Steel, with the Steel Executives Federation of India urging the Prime Minister and Central Government to consider the proposal.
How This Changes the Fair Value For Steel Authority of India
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Fair value for Steel Authority of India is set at ₹185.04, up from ₹179.50.
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Revenue growth assumption is set at 6.01%, adjusted from 7.97%.
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Net profit margin assumption is 5.14%, adjusted from 5.09%.
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Future P/E multiple is set at 16.42x, adjusted from 15.97x.
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Discount rate used in the model is 15.76%, adjusted from 15.75%.
Never Miss an Update: Follow The Narrative
Narratives connect Steel Authority of India's business story with analyst forecasts and an implied fair value, so you can see how new information feeds into the thesis. They refresh over time as expectations for growth, profitability and risk are updated.
Head over to the Simply Wall St Community and follow the Narrative on Steel Authority of India to stay up to date on:
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How firm domestic steel demand in India and a supportive policy backdrop support the capacity expansion plans at IISCO, Bhilai, Bokaro, Durgapur and Rourkela.
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The role of cost reduction, higher productivity and greater monetisation of captive iron ore assets in shaping expected margins and earnings resilience.
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Key execution and funding risks around the large multi year capex programme, including potential cost overruns, higher borrowing needs and utilisation risk if steel demand softens.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SAIL.nsei .
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