S AL Steel (BOM:532604) Construction In Progress: ₹1,738 Mil (As of Mar. 2026)


BOM:532604 S AL Steel Ltd BOM:532604
50 GF Score
Price ₹56.96
GF Value ₹4.24
Valuation Significantly Overvalued
! 12 Warning Signs
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What is S AL Steel Construction In Progress?

S AL Steel BOM:532604 -3.96% 50 Construction In Progress is ₹1,738 Mil as of Mar. 2026. GuruFocus rates BOM:532604 with a GF Score™ of 50/100 and a GF Value™ of ₹4.24 (Significantly Overvalued). The stock has 12 warning signs investors should review.

S AL Steel's quarterly construction in progress declined from Sep. 2025 (₹214 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹1,738 Mil).

S AL Steel's annual construction in progress stayed the same from Mar. 2024 (₹10 Mil) to Mar. 2025 (₹10 Mil) but then increased from Mar. 2025 (₹10 Mil) to Mar. 2026 (₹1,738 Mil).

S AL Steel Construction In Progress Historical Data

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The historical data trend for S AL Steel's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

S AL Steel Construction In Progress Chart

S AL Steel Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.09 31.94 10.09 10.09 1,737.70

S AL Steel Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.09 0.00 214.00 0.00 1,737.70
BOM:532604
50GF Score
S AL Steel Ltd BOM:532604
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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S AL Steel Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹1,738 Mil mean?
S AL Steel (BOM:532604) has a Construction In Progress of ₹1,738 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on S AL Steel and its competitors.
Is S AL Steel's Construction In Progress too high?
S AL Steel's current Construction In Progress is ₹1,738 Mil. Overall, S AL Steel has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S AL Steel's Construction In Progress compare to NUE and STLD?
S AL Steel's Construction In Progress of ₹1,738 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on S AL Steel and its competitors. S AL Steel's current Construction In Progress is ₹1,738 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S AL Steel stock overvalued right now?
Based on GuruFocus' analysis, S AL Steel (BOM:532604) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹4.24, compared to a current price of ₹56.96 — trading 1243.4% above its estimated fair value. The current Construction In Progress is ₹1,738 Mil. S AL Steel's overall GF Score™ is 50/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For S AL Steel (BOM:532604), the current Construction In Progress is ₹1,738 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is S AL Steel (BOM:532604) Overvalued in 2026?

Based on GuruFocus' analysis, S AL Steel stock appears to be overvalued. The current stock price of ₹56.96 is trading 1243.4% above its estimated GF Value™ of ₹4.24. GuruFocus considers S AL Steel to be Significantly Overvalued.

Key valuation signals for BOM:532604:

  • Construction In Progress: ₹1,738 Mil
  • GF Value™: ₹4.24 vs. price of ₹56.96 (1243.4% above fair value)
  • GF Score™: 50/100 with 12 warning signs

No single metric tells the full story. See the BOM:532604 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

S AL Steel Business Description

Other Exchanges SALSTEEL:India
Address Sola - Kalol Road, Shah Alloys Corporate House, Taluka Kalol, Santej, District Gandhinagar, Gandhinagar, GJ, IND, 382721
S AL Steel Ltd is engaged in manufacturing sponge iron, ferro alloys, iron ore pellets, and various finished steel products. The products manufactured by the company are sold in the domestic market as well as the international market. In addition, the company is also involved in generating 40 MW of power from waste Heat recovery Boiler and Fluidized Bed Combustion boiler at an economic price. Power generated is used for captive consumption, and surplus power is sold. Its primary reportable business segments are Iron and Steel and Power. Geographically, the company currently derives all of its revenue from India.
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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹56.96
Price
₹4.24
GF Value