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.