Tata Steel Long Products Ltd
Tata Steel Long Products Ltd, formerly known as Tata Sponge Iron Limited, is engaged in manufacturing high alloy steel, primarily for the auto sector and wire rope industry, and sponge iron for use by the secondary steel sector. [1]
- Market Cap ₹ 3,743 Cr.
- Current Price ₹ 830
- High / Low ₹ 861 / 620
- Stock P/E
- Book Value ₹ 418
- Dividend Yield 0.00 %
- ROCE 1.37 %
- ROE -46.1 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.07% over last 3 years.
- Earnings include an other income of Rs.683 Cr.
* 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
Sector: Steel Industry: Steel - Sponge Iron
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 619 | 796 | 777 | 790 | 574 | 557 | 800 | 992 | 3,490 | 4,750 | 6,802 | 7,464 | 7,200 | |
| 506 | 676 | 632 | 690 | 549 | 496 | 617 | 847 | 3,335 | 3,642 | 5,612 | 7,390 | 6,659 | |
| Operating Profit | 113 | 120 | 145 | 99 | 24 | 62 | 183 | 145 | 155 | 1,108 | 1,190 | 74 | 541 |
| OPM % | 18% | 15% | 19% | 13% | 4% | 11% | 23% | 15% | 4% | 23% | 17% | 1% | 8% |
| 23 | 32 | 35 | 55 | 37 | 37 | 43 | 58 | -82 | 69 | 98 | 631 | 683 | |
| Interest | 6 | 8 | 13 | 5 | 5 | 2 | 3 | 3 | 293 | 235 | 110 | 1,387 | 1,423 |
| Depreciation | 18 | 18 | 18 | 13 | 13 | 13 | 12 | 12 | 311 | 327 | 320 | 348 | 352 |
| Profit before tax | 112 | 126 | 150 | 136 | 43 | 83 | 210 | 188 | -530 | 615 | 858 | -1,030 | -551 |
| Tax % | 32% | 32% | 32% | 33% | 26% | 30% | 33% | 34% | 3% | 7% | 27% | -5% | |
| 76 | 85 | 101 | 92 | 32 | 59 | 141 | 124 | -516 | 572 | 630 | -1,085 | -593 | |
| EPS in Rs | 15.64 | 17.65 | 20.90 | 18.99 | 6.59 | 12.14 | 29.10 | 25.69 | -114.47 | 126.82 | 139.66 | -240.69 | -131.54 |
| Dividend Payout % | 16% | 14% | 15% | 17% | 48% | 29% | 22% | 15% | 0% | 4% | 9% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 56% |
| 3 Years: | 29% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | -5% |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -2% |
| 3 Years: | 0% |
| Last Year: | -46% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 553 | 624 | 707 | 780 | 811 | 849 | 971 | 1,068 | 1,972 | 2,549 | 3,155 | 2,024 | 1,838 |
| Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,707 | 13,980 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,755 | 1,424 | 775 | 772 | 14,761 | |
| 163 | 175 | 207 | 178 | 161 | 181 | 228 | 241 | 1,405 | 1,890 | 15,837 | 17,824 | 3,886 | |
| Total Liabilities | 731 | 815 | 929 | 973 | 987 | 1,046 | 1,214 | 1,324 | 6,176 | 5,908 | 19,812 | 20,666 | 20,530 |
| 174 | 162 | 150 | 148 | 164 | 155 | 149 | 220 | 4,615 | 4,342 | 4,081 | 3,860 | 3,734 | |
| CWIP | 16 | 16 | 16 | 20 | 9 | 6 | 6 | 7 | 37 | 24 | 58 | 87 | 102 |
| Investments | 25 | 128 | 205 | 208 | 285 | 263 | 200 | 244 | 17 | 21 | 9,303 | 13,652 | 13,875 |
| 516 | 510 | 558 | 597 | 529 | 622 | 860 | 853 | 1,507 | 1,522 | 6,371 | 3,067 | 2,819 | |
| Total Assets | 731 | 815 | 929 | 973 | 987 | 1,046 | 1,214 | 1,324 | 6,176 | 5,908 | 19,812 | 20,666 | 20,530 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 66 | 112 | 101 | -16 | 77 | 22 | 41 | 100 | -336 | 1,690 | 1,761 | -270 | |
| -173 | -90 | -89 | 16 | -58 | 51 | -213 | -12 | -3,574 | 91 | -9,405 | -4,022 | |
| -12 | -13 | -12 | -18 | -18 | -18 | -20 | -37 | 3,805 | -1,559 | 11,923 | -164 | |
| Net Cash Flow | -119 | 9 | -1 | -18 | 0 | 55 | -192 | 51 | -105 | 221 | 4,280 | -4,456 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 9 | 12 | 4 | 19 | 23 | 27 | 29 | 16 | 6 | 3 | 3 |
| Inventory Days | 74 | 36 | 41 | 68 | 28 | 48 | 62 | 59 | 133 | 133 | 129 | 92 |
| Days Payable | 39 | 31 | 36 | 29 | 35 | 51 | 49 | 39 | 136 | 200 | 226 | 145 |
| Cash Conversion Cycle | 52 | 14 | 17 | 43 | 12 | 20 | 39 | 50 | 14 | -62 | -94 | -49 |
| Working Capital Days | 3 | -16 | -33 | 0 | -38 | -31 | -12 | 6 | -23 | -49 | -64 | -42 |
| ROCE % | 22% | 22% | 24% | 19% | 6% | 10% | 23% | 18% | -3% | 19% | 10% | 1% |
Documents
Announcements
- Announcement Under Regulation 30 (LODR)-Scheme Of Arrangement 15 Nov 2023
- Disclosure Under Regulation 42 Read With Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') 3 Nov 2023
- Corporate Action-Updates on Amalgamation/ Merger / Demerger 3 Nov 2023
- Intimation Of Record Date In The Matter Of The Scheme Of Amalgamation Amongst Tata Steel Long Products Limited And Tata Steel Limited And Their Respective Shareholders 3 Nov 2023
- Announcement Under Regulation 30 (LODR)-Scheme Of Arrangement 3 Nov 2023
Annual reports
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Financial Year 2023
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Financial Year 2022
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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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Financial Year 2012
from nse
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Financial Year 2011
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Financial Year 2011
from nse
Concalls
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Jul 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Jan 2018TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
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Apr 2016TranscriptNotesPPT
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Jan 2016TranscriptNotesPPT
History[1]
Tata Steel Long Products Limited (TSPL) was setup as a JV between Tata Steel Limited (TSL) and Industrial Promotion & Investment Corporation of Orissa Limited in 1982. TSLPL was 74.91% subsidiary of TSL. The company is one of the early entrants in the domestic sponge iron industry, with a plant in Keonjhar district of Odisha with an installed capacity of 4,65,000 mtpa. In April 2019, through a slump sale by Usha Martin Limited, TSLPL acquired their 1-mtpa integrated alloy steel plant in Jamshedpur which manufactures alloy/high carbon steel for automotive, tractor and other agriculture equipment, lifting and excavation, general engineering, railways, construction (reinforcement), and power (transmission and distribution) sectors. In FY22, TSLPL acquired NINL’s 1-mtpa steel plant located at Kalinganagar, Odisha.