SID stock: Sonasid plans MAD 514 million investment. Consensus revises SID stock targets

Published on 10/24/2026 at 01:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Investment hit MAD 149 million in the first half of 2026, up 48 percent. SID stock has a MAD 1,691 target, down from MAD 1,732.

Investment, risk and analyst revision

Africa Intelligence reported on October 19, 2026 that EU scrap-metal restrictions concerned Sonasid.
First-half 2026 investment reached MAD 149 million, while full-year plans totaled MAD 514 million.
The consensus target fell from MAD 1,732 to MAD 1,691 in the October 8, 2026 update.

SID, MA0000011058, Illustration mit AI erstellt.

Sonasid planned MAD 514 million of investment for 2026, including MAD 333 million for strategic projects, according to Industrie du Maroc on September 23, 2026. The industrial program gives SID stock a concrete operational theme as investors assess steel demand and regulatory risks.

Separately, Africa Intelligence reported on October 19, 2026 that proposed European Union restrictions on scrap-metal exports were causing concern at Sonasid, Morocco's leading steel producer. The issue adds a policy dimension to the company's investment plans.

Investment reaches MAD 149 million

Sonasid's first-half 2026 investment reached MAD 149 million, up 48 percent from the comparable period, while revenue reached MAD 3.049 billion, up 2 percent, Industrie du Maroc reported. EBITDA rose 32 percent to MAD 308 million and net income reached MAD 176 million, up 53 percent. The figures show that the expansion plan was accompanied by stronger profitability in the first half of 2026.

What does the target revision mean?

Simply Wall St reported on October 8, 2026 that the consensus earnings-per-share estimate for fiscal year 2026 rose from MAD 75.20 to MAD 89.40, while the consensus price target fell from MAD 1,732 to MAD 1,691. The target reduction was 2.37 percent, even as the earnings estimate increased by 18.88 percent. That split puts execution and demand at the center of the stock discussion.

Scrap rules add a policy risk

The October 19 report links Sonasid's operating backdrop to proposed European Union rules on scrap-metal exports. For investors, the key contrast is clear: capital spending is accelerating, but input regulation could affect the economics of future production. The company is also modernizing its facilities, including a new furnace in Nador, which connects the investment plan to production capacity rather than a short-term financial measure.

Sonasid's listed market context

Sonasid is identified as CBSE:SID on the Casablanca Stock Exchange, with its latest reported operating figures covering the first half of 2026. The combination of MAD 149 million in first-half investment and a MAD 1,691 consensus target gives the stock a measurable operating and valuation framework.