Latest Shareholding Pattern Steel Authority of India Ltd., Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)

Steel Authority of India Ltd., Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)

Steel Authority of India Ltd., has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
Shareholder Name Previous Quater Quantity(In Crores) Current Quater Quantity(In Crores) Previous Quater Shares(in %) Current Quater Shares(in %) Quater to Quater Difference
Promoters 268.47 268.47 65 65 0
Public 144.57 144.57 15.2 15.96 +0.76 %
DII 63.87 65.51 15.46 15.86 +0.4 %
FII 17.93 13.13 4.34 3.18 -1.16 %
Government 0.00 0.00 0 0 0
Promoters shareholding remained stable, at 65% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public increased from 15.2% in December 2023 to 15.96% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.DIIs (Domestic Institutional Investors) shareholding increased from 15.46% in December 2023 to 15.86% in March 2024 , indicating that domestic institutions increased their stake in the company by 0.4% . FIIs (Foreign Institutional Investors) shareholding decreased from 4.34% in December 2023 to 3.18% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.

Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.

Shareholder Name Previous Quarter Quantity (In Crores) Current Quarter Quantity (In Crores) Previous Quater Shares (in %) Current Quater Shares (in %) Quater-to-Quater Difference (%)
Resident Individuals holding nominal share capital up to Rs. 2 lakhs 40.830 42.625 9.89 10.32 + 0.43 %
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs 12.724 13.138 3.08 3.18 + 0.1 %
Bodies Corporate 5.994 7.234 1.45 1.75 + 0.3 %
Any Other (specify) 0.285 0 0.07 0 -0.07%
Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital up to Rs. 2 lakhs lifts the bar with a remarkable 0.43 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs lifts the bar with a remarkable 0.1 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Bodies Corporate lifts the bar with a remarkable 0.3 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Any Other (specify) had 0.07% of shares in the previous quarter but exited in the current quarter.
Shareholder Name Previous Quarter Quantity (In Crores) Current Quarter Quantity (In Crores) Previous Quater Shares (in %) Current Quater Shares (in %) Quater-to-Quater Difference (%)
Mutual Funds/ 21.382 25.629 5.18 6.2 + 1.02 %
QUANT MUTUAL FUND-QUANT ABSOLUTE FUND 0 10.133 0 2.45 +2.45%
Alternate Investment Funds 0.116 0.369 0.03 0.09 + 0.06 %
Insurance Companies 42.309 38.895 10.24 9.42 -0.82 %
LICI ASM NON PAR 0 35.054 0 8.49 +8.49%
Provident Funds/ Pension Funds 0 0.573 0 0.14 +0.14%
QUANT MUTUAL FUND-QUANT ELSS TAX SAVER FUND 5.830 0 1.41 0 -1.41%
LIFE INSURANCE CORPORATION OF INDIA LIMITED 38.134 0 9.23 0 -9.23%
The latest quarter saw a considerable enhancement in profitability for Mutual Funds/, reflecting an uptick of 1.02 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for Alternate Investment Funds, reflecting an uptick of 0.06 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.Insurance Companies decreased their stake from 9.42% in the previous quarter to 10.24% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.82 %.QUANT MUTUAL FUND-QUANT ABSOLUTE FUND had no shares in the previous quarter but now holds 2.45% of shares in the current quarter.LICI ASM NON PAR had no shares in the previous quarter but now holds 8.49% of shares in the current quarter.Provident Funds/ Pension Funds had no shares in the previous quarter but now holds 0.14% of shares in the current quarter.QUANT MUTUAL FUND-QUANT ELSS TAX SAVER FUND had 1.41% of shares in the previous quarter but exited in the current quarter.LIFE INSURANCE CORPORATION OF INDIA LIMITED had 9.23% of shares in the previous quarter but exited in the current quarter.
Shareholder Name Previous Quarter Quantity (In Crores) Current Quarter Quantity (In Crores) Previous Quater Shares (in %) Current Quater Shares (in %) Quater-to-Quater Difference (%)
Foreign Portfolio Investors Category I 17.392 12.329 4.21 2.99 -1.22 %
Foreign Portfolio Investors Category II 0.540 0.798 0.13 0.19 + 0.06 %
Profitability dwindled by -1.22 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.06 % in net profit.

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