Steel Authority of India Ltd (SAIL) is one of India's largest steel manufacturers, established in 1973 and awarded Maharatna status in 2010. The document analyzes and compares the financial statements of SAIL, Tata Steel, and JSW Steel from 2008-2012. It shows that SAIL has higher operating profits, interest costs, profits before tax, and reported net profits compared to Tata Steel and JSW Steel for the fiscal year 2010. The ratios analyzed like current ratio, debt-equity ratio, inventory turnover ratio, and dividend per share also indicate that SAIL utilizes its funds more efficiently and effectively than the other two companies over the period studied.

2. OVERVIEW
• Steel Authority of India Ltd (SAIL), established in 1973, is one of India’s
largest steel manufacturing companies.
• In May 2010, SAIL was awarded the Maharatna status by the Gol.

3. Industry Structure
Iron & Steel Industry
Integrated
producers
Secondary
producers

4. OBJECTIVE
COMPARATIVE ANALYSIS OF FINANCIAL
STATEMENT OF SAIL WITH OTHER STEEL
COMPANIES IN INDIA

5. Financial Data
• P&L Account.xlsx
Profit & Loss Statement
Company TATA JSW SAIL
Profit & Loss account Mar '10 Mar '10 Mar '10
Operating Profit 8,905.59 4,273.56 9,215.04
PBDIT 10,146.67 4,747.81 11,772.04
Interest 1,848.19 900.26 402.01
PBDT 8,298.48 3,847.55 11,370.03
Depreciation 1,083.18 1,123.41 1,337.24
Other Written Off 0 0 10.33
Profit Before Tax 7,215.30 2,724.14 10,022.46
Extra-ordinary items 0 96.03 184.8
PBT (Post Extra-ord Items) 7,215.30 2,820.17 10,207.26
Tax 2,168.50 797.43 3,452.89
Reported Net Profit 5,046.80 2,022.74 6,754.37

8. CURRENT RATIO
1.73 1.82
2.05 1.97
1.49
3.92
0.97
1.12
1.82
0.79
0.51 0.44
0.58
0.78 0.76
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
2008 2009 2010 2011 2012
SAIL
TATA STEEL
JSW

9. DEBT/EQUITY RATIO
0.12
0.2
0.39
0.31 0.29
1.07
1.31
0.67
0.58
0.46
1.06
1.51
1.26
0.74
0.69
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
2008 2009 2010 2011 2012
SAIL
TATA STEEL
JSW

10. INVENTORY TURNOVER RATIO
8.62
5.86 6.02
5.13
3.71
10.84
9.36
10.9
9.85
9.49.26
8.75 8.95
7.1
7.97
0
2
4
6
8
10
12
2008 2009 2010 2011 2012
SAIL
TATA STEEL
JSW

11. DIVIDEND PER SHARE
3.7
2.6
3.3
2.4 2
16 16
8
12 12
14
1
9.5
12.25
7.5
0
2
4
6
8
10
12
14
16
18
2008 2009 2010 2011 2012
SAIL
TATA STEEL
JSW

12. SAIL is more efficient and effective to utilize its fund