Tata Steel Ltd
Tata Steel Ltd is Asia's first integrated private steel company setup in 1907.[1]
The company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.[2]
The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.[3]
- Market Cap ₹ 2,46,999 Cr.
- Current Price ₹ 198
- High / Low ₹ 224 / 150
- Stock P/E 14.6
- Book Value ₹ 109
- Dividend Yield 2.02 %
- ROCE 14.0 %
- ROE 12.9 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 30.7%
Cons
- The company has delivered a poor sales growth of 10.7% over past five years.
- Company has a low return on equity of 12.1% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Ferrous Metals Iron & Steel
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 41,785 | 38,269 | 47,993 | 59,617 | 70,611 | 60,436 | 84,133 | 129,021 | 142,913 | 140,933 | 132,517 | 139,720 | |
| 31,776 | 30,871 | 36,117 | 43,450 | 50,048 | 45,574 | 57,009 | 77,892 | 114,643 | 110,944 | 104,651 | 107,248 | |
| Operating Profit | 10,009 | 7,398 | 11,876 | 16,167 | 20,563 | 14,862 | 27,124 | 51,130 | 28,271 | 29,989 | 27,865 | 32,472 |
| OPM % | 24% | 19% | 25% | 27% | 29% | 25% | 32% | 40% | 20% | 21% | 21% | 23% |
| 2,474 | -1,044 | -289 | -2,991 | 2,291 | -1,299 | 1,496 | 1,217 | 1,750 | -375 | 1,345 | 1,067 | |
| Interest | 1,976 | 1,848 | 2,689 | 2,811 | 2,824 | 3,031 | 4,541 | 2,792 | 3,975 | 4,101 | 4,238 | 5,117 |
| Depreciation | 1,998 | 2,962 | 3,542 | 3,727 | 3,803 | 3,920 | 5,469 | 5,464 | 5,956 | 6,009 | 6,253 | 7,069 |
| Profit before tax | 8,509 | 1,543 | 5,357 | 6,638 | 16,227 | 6,611 | 18,610 | 44,091 | 20,090 | 19,505 | 18,719 | 21,353 |
| Tax % | 24% | 38% | 36% | 37% | 35% | -2% | 8% | 25% | 27% | 20% | 25% | 25% |
| 6,439 | 956 | 3,445 | 4,170 | 10,533 | 6,744 | 17,078 | 33,011 | 14,685 | 15,662 | 13,970 | 16,065 | |
| EPS in Rs | 5.72 | 0.85 | 3.06 | 3.70 | 9.35 | 5.99 | 14.27 | 27.03 | 12.02 | 12.55 | 11.19 | 12.87 |
| Dividend Payout % | 12% | 81% | 28% | 27% | 14% | 17% | 18% | 19% | 30% | 29% | 32% | 31% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | -1% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 1% |
| 3 Years: | 4% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 11% |
| 3 Years: | 20% |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 12% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 971 | 971 | 971 | 1,146 | 1,146 | 1,146 | 1,199 | 1,222 | 1,222 | 1,249 | 1,249 | 1,249 |
| Reserves | 65,692 | 47,941 | 48,688 | 62,644 | 71,584 | 75,692 | 93,986 | 124,211 | 135,386 | 139,981 | 125,483 | 134,285 |
| 28,198 | 30,844 | 28,285 | 28,126 | 29,701 | 41,423 | 37,065 | 36,525 | 43,304 | 43,837 | 63,223 | 69,049 | |
| 21,001 | 25,359 | 33,522 | 33,199 | 35,067 | 32,132 | 48,240 | 60,028 | 62,782 | 62,860 | 64,177 | 68,165 | |
| Total Liabilities | 115,864 | 105,114 | 111,465 | 125,114 | 137,498 | 150,393 | 180,491 | 221,986 | 242,696 | 247,926 | 254,133 | 272,747 |
| 25,249 | 50,088 | 72,567 | 71,729 | 71,222 | 71,233 | 97,143 | 94,290 | 97,423 | 98,406 | 99,479 | 115,892 | |
| CWIP | 23,037 | 28,206 | 6,164 | 5,673 | 5,796 | 8,247 | 10,908 | 14,542 | 22,169 | 28,095 | 34,860 | 20,016 |
| Investments | 53,164 | 11,785 | 13,666 | 24,277 | 39,407 | 50,096 | 36,184 | 43,498 | 42,436 | 66,826 | 72,699 | 94,529 |
| 14,414 | 15,035 | 19,069 | 23,435 | 21,073 | 20,816 | 36,255 | 69,656 | 80,668 | 54,600 | 47,094 | 42,312 | |
| Total Assets | 115,864 | 105,114 | 111,465 | 125,114 | 137,498 | 150,393 | 180,491 | 221,986 | 242,696 | 247,926 | 254,133 | 272,747 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,852 | 7,372 | 11,167 | 11,791 | 15,193 | 13,454 | 37,555 | 41,986 | 13,506 | 27,325 | 23,506 | 31,961 | |
| -2,382 | -4,352 | -3,956 | -12,273 | -16,350 | -17,635 | -13,665 | -34,168 | -14,794 | -15,702 | -34,231 | -25,663 | |
| -2,957 | -2,540 | -7,280 | 4,166 | -2,887 | 4,630 | -23,385 | -7,368 | -5,193 | -8,277 | 9,281 | -6,497 | |
| Net Cash Flow | -487 | 480 | -69 | 3,684 | -4,044 | 449 | 504 | 450 | -6,481 | 3,345 | -1,445 | -199 |
| Free Cash Flow | -1,021 | 2,626 | 7,961 | 9,277 | 11,535 | 8,877 | 35,325 | 35,830 | 4,470 | 16,670 | 13,175 | 24,338 |
| CFO/OP | 69% | 116% | 107% | 88% | 96% | 103% | 140% | 104% | 65% | 108% | 94% | 111% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 11 | 15 | 11 | 7 | 6 | 12 | 9 | 7 | 4 | 4 | 4 |
| Inventory Days | 252 | 242 | 310 | 223 | 195 | 213 | 191 | 194 | 140 | 154 | 154 | 160 |
| Days Payable | 182 | 210 | 325 | 227 | 190 | 210 | 199 | 205 | 112 | 126 | 139 | 174 |
| Cash Conversion Cycle | 74 | 43 | 1 | 7 | 12 | 8 | 4 | -2 | 35 | 32 | 20 | -10 |
| Working Capital Days | -55 | -106 | -70 | -63 | -35 | -93 | -45 | -72 | -44 | -50 | -69 | -87 |
| ROCE % | 9% | 6% | 11% | 15% | 19% | 10% | 18% | 32% | 14% | 14% | 13% | 14% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CO2 Emission Intensity - India (Standalone) tCO2/tcs |
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| Coke Rate - India (Standalone) kg/thm |
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| Consolidated Steel Deliveries million tons |
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| Lost Time Injury Frequency Rate (LTIFR) per million-man hours |
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| Specific Energy Consumption - India (Standalone) GJ/tcs |
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| Global Crude Steel Capacity MTPA |
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| Tata Steel India Deliveries million tons |
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| Tata Steel Netherlands (TSN) Deliveries million tons |
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| Tata Steel UK (TSUK) Deliveries million tons |
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| India Domestic Crude Steel Capacity MTPA |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jun
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Intimation To The Holders Of Physical Shares To Furnish KYC Details
8 Jun - Tata Steel asks physical shareholders to update KYC details with MUFG Intime India.
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News Clarification
5 Jun - Fire occurred June 3 at Tata Steel UK’s Port Talbot cold rolled plant; no injuries, damage being assessed.
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Clarification sought from Tata Steel Ltd
5 Jun - Exchange has sought clarification from Tata Steel Ltd on June 5, 2026, with reference to news appeared in https://www.business-standard.com dated June 5, 2026 quoting "Fire …
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Physical Letter To Shareholders And Debenture Holders Of Tata Steel Limited
4 Jun - Tata Steel’s 119th AGM is on July 2, 2026; final dividend record date June 12.
Annual reports
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Financial Year 2026
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Financial Year 2025
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Products and Brands:
The company manufactures flat products
like HR coils, CR coils, galvanised steel, and
long products like wire rods, rebars, ferro alloys, tubes, bearings, wires, etc. [1]
Its products are sold under 20 brands, including Tata Astrum, Tata Tiscon, Galvano, Tata Steelium, Tata Structura, Tata Agrico, Tata Wiron, Tata Pravish, etc. [2]