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 ₹ 1,90,998 Cr.
- Current Price ₹ 153
- High / Low ₹ 170 / 123
- Stock P/E 12.9
- Book Value ₹ 102
- Dividend Yield 2.35 %
- ROCE 12.7 %
- ROE 10.9 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 30.3%
Cons
- Company has a low return on equity of 11.7% 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
41,711 | 41,785 | 38,269 | 47,993 | 59,617 | 70,611 | 60,436 | 84,133 | 129,021 | 142,913 | 140,933 | 132,517 | 130,573 | |
28,894 | 31,776 | 30,871 | 36,117 | 43,450 | 50,048 | 45,518 | 57,009 | 77,892 | 114,643 | 110,944 | 104,651 | 102,364 | |
Operating Profit | 12,817 | 10,009 | 7,398 | 11,876 | 16,167 | 20,563 | 14,918 | 27,124 | 51,130 | 28,271 | 29,989 | 27,865 | 28,209 |
OPM % | 31% | 24% | 19% | 25% | 27% | 29% | 25% | 32% | 40% | 20% | 21% | 21% | 22% |
646 | 2,474 | -1,044 | -289 | -2,991 | 2,291 | -1,356 | 1,496 | 1,217 | 1,750 | -375 | 1,345 | 1,543 | |
Interest | 1,821 | 1,976 | 1,848 | 2,689 | 2,811 | 2,824 | 3,031 | 4,541 | 2,792 | 3,975 | 4,101 | 4,238 | 4,585 |
Depreciation | 1,929 | 1,998 | 2,962 | 3,542 | 3,727 | 3,803 | 3,920 | 5,469 | 5,464 | 5,956 | 6,009 | 6,253 | 6,356 |
Profit before tax | 9,714 | 8,509 | 1,543 | 5,357 | 6,638 | 16,227 | 6,611 | 18,610 | 44,091 | 20,090 | 19,505 | 18,719 | 18,811 |
Tax % | 34% | 24% | 38% | 36% | 37% | 35% | -2% | 8% | 25% | 27% | 20% | 25% | |
6,412 | 6,439 | 956 | 3,445 | 4,170 | 10,533 | 6,744 | 17,078 | 33,011 | 14,685 | 15,662 | 13,970 | 14,162 | |
EPS in Rs | 5.69 | 5.72 | 0.85 | 3.06 | 3.70 | 9.35 | 5.99 | 14.27 | 27.03 | 12.02 | 12.55 | 11.19 | 11.35 |
Dividend Payout % | 15% | 12% | 81% | 28% | 27% | 14% | 17% | 18% | 19% | 30% | 29% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 17% |
3 Years: | 1% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | -24% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 33% |
3 Years: | 13% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 16% |
3 Years: | 12% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 971 | 971 | 971 | 971 | 1,146 | 1,146 | 1,146 | 1,199 | 1,222 | 1,222 | 1,249 | 1,249 |
Reserves | 60,177 | 65,692 | 47,941 | 48,688 | 62,644 | 71,584 | 75,692 | 93,986 | 124,211 | 135,386 | 139,981 | 125,483 |
27,917 | 28,198 | 30,844 | 28,285 | 28,126 | 29,701 | 41,423 | 37,065 | 36,525 | 43,304 | 43,837 | 63,223 | |
21,975 | 21,001 | 25,359 | 33,522 | 33,199 | 35,067 | 32,132 | 48,240 | 60,028 | 62,782 | 62,860 | 64,177 | |
Total Liabilities | 111,040 | 115,864 | 105,114 | 111,465 | 125,114 | 137,498 | 150,393 | 180,491 | 221,986 | 242,696 | 247,926 | 254,133 |
24,266 | 25,249 | 50,088 | 72,567 | 71,729 | 71,222 | 71,233 | 97,143 | 94,290 | 97,423 | 98,406 | 99,479 | |
CWIP | 18,509 | 23,037 | 28,206 | 6,164 | 5,673 | 5,796 | 8,247 | 10,908 | 14,542 | 22,169 | 28,095 | 34,860 |
Investments | 54,662 | 53,164 | 11,785 | 13,666 | 24,277 | 39,407 | 50,096 | 36,184 | 43,498 | 42,436 | 66,826 | 72,699 |
13,603 | 14,414 | 15,035 | 19,069 | 23,435 | 21,073 | 20,816 | 36,255 | 69,656 | 80,668 | 54,600 | 47,094 | |
Total Assets | 111,040 | 115,864 | 105,114 | 111,465 | 125,114 | 137,498 | 150,393 | 180,491 | 221,986 | 242,696 | 247,926 | 254,133 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12,433 | 4,852 | 7,372 | 11,167 | 11,791 | 15,193 | 13,454 | 37,555 | 41,986 | 13,506 | 27,325 | 23,880 | |
-9,837 | -2,382 | -4,352 | -3,956 | -12,273 | -16,350 | -17,635 | -13,665 | -34,168 | -14,794 | -15,702 | -34,606 | |
-3,826 | -2,957 | -2,540 | -7,280 | 4,166 | -2,887 | 4,630 | -23,385 | -7,368 | -5,193 | -8,277 | 9,281 | |
Net Cash Flow | -1,231 | -487 | 480 | -69 | 3,684 | -4,044 | 449 | 504 | 450 | -6,481 | 3,345 | -1,445 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 7 | 4 | 11 | 15 | 11 | 7 | 6 | 12 | 9 | 7 | 4 | 4 |
Inventory Days | 222 | 252 | 242 | 310 | 223 | 195 | 213 | 191 | 194 | 140 | 154 | 154 |
Days Payable | 305 | 182 | 210 | 325 | 227 | 190 | 210 | 199 | 205 | 112 | 126 | 139 |
Cash Conversion Cycle | -77 | 74 | 43 | 1 | 7 | 12 | 8 | 4 | -2 | 35 | 32 | 20 |
Working Capital Days | -93 | -55 | -106 | -70 | -63 | -50 | -93 | -45 | -72 | -44 | -50 | -69 |
ROCE % | 13% | 9% | 6% | 11% | 15% | 19% | 10% | 18% | 32% | 14% | 14% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18h - Newspaper Advertisement - Disclosure under Regulation 30 of SEBI Listing Regulations
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio-video recording of Tata Steel's 1QFY2026 earnings discussion now available online.
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Announcement under Regulation 30 (LODR)-Acquisition
1d - SIW acquires 40% stake in TSN Wires, making it wholly owned subsidiary for ₹270 approx.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Tata Steel reports Q1 FY26 consolidated EBITDA of Rs 7,480 Cr, 14% margin, with strategic capex and acquisition.
Annual reports
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Financial Year 2025
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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 2011
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Concalls
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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]