Steel Authority Of India (NSE:SAIL) 10-Year ROIIC % : 24.73% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:SAIL Steel Authority Of India Ltd NSE:SAIL
75 GF Score
Price ₹162.64
GF Value ₹142.55
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Steel Authority Of India 10-Year ROIIC %?

Steel Authority Of India NSE:SAIL -0.25% 75 10-Year ROIIC % is 24.73 as of Mar. 2026. GuruFocus rates NSE:SAIL with a GF Score™ of 75/100 and a GF Value™ of ₹142.55 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 540 Steel companies, Steel Authority Of India ranks better than 86.48% on this metric.

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Steel Authority Of India's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was 24.73%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Steel Authority Of India's 10-Year ROIIC % or its related term are showing as below:

NSE:SAIL's 10-Year ROIIC % is ranked better than
86.48% of 540 companies
in the Steel industry
Industry Median: 3.255 vs NSE:SAIL: 24.73

Steel Authority Of India  (NSE:SAIL) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Steel Authority Of India 10-Year ROIIC % Related Terms


Steel Authority Of India 10-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Steel Authority Of India's 10-Year ROIIC % 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.

Steel Authority Of India 10-Year ROIIC % Chart

Steel Authority Of India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
10-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.41 1.55 7.19 4.33 24.73

Steel Authority Of India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
10-Year ROIIC % 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 4.33 0.00 0.00 0.00 24.73

NSE:SAIL vs NUE, STLD, RS: 10-Year ROIIC % Comparison

For the Steel subindustry, Steel Authority Of India's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Steel Authority Of India 10-Year ROIIC % vs Steel Industry

For the Steel industry and Basic Materials sector, Steel Authority Of India's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Steel Authority Of India's 10-Year ROIIC % falls into.


NSE:SAIL
75GF Score
Steel Authority Of India Ltd NSE:SAIL
10-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Steel Authority Of India 10-Year ROIIC % Calculation

Steel Authority Of India's 10-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

10-Year ROIIC %=10-Year Incremental Net Operating Profit After Taxes (NOPAT)**/10-Year Incremental Invested Capital**
=( 45008.75154 (Mar. 2026) - -29926.95282 (Mar. 2016) )/( 1321033.9 (Mar. 2026) - 1017999.4 (Mar. 2016) )
=74935.70436/303034.5
=24.73%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 10-Year ROIIC % →
What does a 10-Year ROIIC % of 24.73 mean?
Steel Authority Of India (NSE:SAIL) has a 10-Year ROIIC % of 24.73 as of Mar. 2026. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Steel Authority Of India and its competitors. According to the industry distribution chart, Steel Authority Of India ranks #73 out of 540 companies in the Steel industry, placing it in the top 13.5%.
Is Steel Authority Of India's 10-Year ROIIC % too high?
Steel Authority Of India's current 10-Year ROIIC % is 24.73. The Steel industry median 10-Year ROIIC % is 3.26. Steel Authority Of India's value of 24.73 is 659.8% above this industry median. Based on the distribution chart, Steel Authority Of India ranks #73 out of 540 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Steel Authority Of India has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Authority Of India's 10-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Steel Authority Of India ranks #73 out of 540 companies for 10-Year ROIIC %. This places Steel Authority Of India in the top 14% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 3.26. Steel Authority Of India's value of 24.73 is 659.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Steel company?
The median 10-Year ROIIC % among Steel companies is 3.26, based on 540 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Authority Of India's current 10-Year ROIIC % of 24.73 is 659.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Steel Authority Of India and its competitors. For the Steel industry, the median 10-Year ROIIC % is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Authority Of India's current 10-Year ROIIC % is 24.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Authority Of India stock overvalued right now?
Based on GuruFocus' analysis, Steel Authority Of India (NSE:SAIL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹142.55, compared to a current price of ₹162.64 — trading 14.1% above its estimated fair value. The current 10-Year ROIIC % is 24.73 and 659.8% above the Steel industry median of 3.26. Steel Authority Of India's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Steel Authority Of India (NSE:SAIL), the current 10-Year ROIIC % is 24.73 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 Steel Authority Of India (NSE:SAIL) Overvalued in 2026?

Based on GuruFocus' analysis, Steel Authority Of India stock appears to be overvalued. The current stock price of ₹162.64 is trading 14.1% above its estimated GF Value™ of ₹142.55. GuruFocus considers Steel Authority Of India to be Modestly Overvalued.

Key valuation signals for NSE:SAIL:

  • 10-Year ROIIC %: 24.73
  • GF Value™: ₹142.55 vs. price of ₹162.64 (14.1% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 659.8% above the Steel median (#73 of 540)

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


Steel Authority Of India Business Description

Other Exchanges 500113:India
Address Lodi Road, Ispat Bhawan, New Delhi, IND, 110003
Steel Authority Of India Ltd is a steelmaker. The company produces flat steel products (including plates, sheets, coils, and galvanized plain), long steel products (rails, structural, wire rods, and merchant products), electric-resistance-welded pipes, and silicon steel sheets. Flat and long products account for the majority of the company's sales. The company runs five integrated steel plants and three alloy steel plants. The segments of the company include BSP, DSP, RSP, BSL, ISP, ASP, SSP, VISL and Others. It generates maximum of its revenue from the Indian domestic market.
75GF Score

Get the complete analysis for NSE:SAIL

10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹162.64
Price
₹142.55
GF Value