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 ₹ 147,351 Cr.
- Current Price ₹ 121
- High / Low ₹ 139 / 82.7
- Stock P/E 6.01
- Book Value ₹ 105
- Dividend Yield 4.23 %
- ROCE 32.0 %
- ROE 30.1 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.15 times its book value
- Stock is providing a good dividend yield of 4.23%.
- Company has delivered good profit growth of 53.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.8%
Cons
* 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 - Large
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
29,396 | 33,933 | 38,199 | 41,711 | 41,785 | 38,269 | 47,993 | 59,617 | 70,611 | 60,436 | 84,133 | 129,021 | 132,911 | |
17,914 | 22,397 | 27,073 | 28,894 | 31,776 | 30,871 | 36,117 | 43,450 | 50,048 | 45,518 | 57,009 | 77,892 | 94,097 | |
Operating Profit | 11,482 | 11,537 | 11,126 | 12,817 | 10,009 | 7,398 | 11,876 | 16,167 | 20,563 | 14,918 | 27,124 | 51,130 | 38,814 |
OPM % | 39% | 34% | 29% | 31% | 24% | 19% | 25% | 27% | 29% | 25% | 32% | 40% | 29% |
1,176 | 1,397 | 228 | 646 | 2,474 | -1,044 | -289 | -2,991 | 2,291 | -1,356 | 1,496 | 1,217 | 2,208 | |
Interest | 1,736 | 1,925 | 1,877 | 1,821 | 1,976 | 1,848 | 2,689 | 2,811 | 2,824 | 3,031 | 4,541 | 2,792 | 2,970 |
Depreciation | 1,146 | 1,151 | 1,640 | 1,929 | 1,998 | 2,962 | 3,542 | 3,727 | 3,803 | 3,920 | 5,469 | 5,464 | 5,433 |
Profit before tax | 9,777 | 9,857 | 7,837 | 9,714 | 8,509 | 1,543 | 5,357 | 6,638 | 16,227 | 6,611 | 18,610 | 44,091 | 32,619 |
Tax % | 30% | 32% | 35% | 34% | 24% | 38% | 36% | 37% | 35% | -2% | 8% | 25% | |
Net Profit | 6,866 | 6,696 | 5,063 | 6,412 | 6,439 | 956 | 3,445 | 4,170 | 10,533 | 6,744 | 17,078 | 33,011 | 24,292 |
EPS in Rs | 6.17 | 5.94 | 4.49 | 5.69 | 5.72 | 0.85 | 3.06 | 3.70 | 9.35 | 5.99 | 14.27 | 27.03 | 19.89 |
Dividend Payout % | 17% | 17% | 15% | 15% | 12% | 81% | 28% | 27% | 14% | 17% | 18% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 22% |
3 Years: | 22% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 53% |
3 Years: | 48% |
TTM: | -16% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 39% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 19% |
3 Years: | 21% |
Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
959 | 971 | 971 | 971 | 971 | 971 | 971 | 1,146 | 1,146 | 1,146 | 1,199 | 1,222 | 1,222 | |
Reserves | 45,807 | 51,245 | 54,238 | 60,177 | 65,692 | 45,666 | 48,688 | 60,369 | 69,309 | 73,417 | 93,208 | 124,211 | 126,825 |
28,301 | 26,172 | 27,508 | 27,917 | 28,198 | 30,844 | 28,285 | 28,126 | 29,701 | 41,423 | 37,065 | 36,525 | 45,735 | |
14,484 | 17,414 | 19,159 | 21,975 | 21,001 | 27,634 | 33,522 | 35,474 | 37,342 | 34,407 | 49,019 | 60,028 | 60,341 | |
Total Liabilities | 89,552 | 95,803 | 101,877 | 111,040 | 115,864 | 105,114 | 111,465 | 125,114 | 137,498 | 150,393 | 180,491 | 221,986 | 234,123 |
11,805 | 11,366 | 24,875 | 24,266 | 25,249 | 50,088 | 72,567 | 71,729 | 71,222 | 71,233 | 97,143 | 94,290 | 92,912 | |
CWIP | 5,612 | 16,047 | 8,722 | 18,509 | 23,037 | 28,206 | 6,164 | 5,673 | 5,796 | 8,247 | 10,908 | 14,542 | 17,117 |
Investments | 46,565 | 50,283 | 50,419 | 54,662 | 53,164 | 11,785 | 13,666 | 24,277 | 39,407 | 50,096 | 36,184 | 43,498 | 47,626 |
25,569 | 18,107 | 17,861 | 13,603 | 14,414 | 15,035 | 19,069 | 23,435 | 21,073 | 20,816 | 36,255 | 69,656 | 76,469 | |
Total Assets | 89,552 | 95,803 | 101,877 | 111,040 | 115,864 | 105,114 | 111,465 | 125,114 | 137,498 | 150,393 | 180,491 | 221,986 | 234,123 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8,339 | 10,424 | 11,069 | 12,433 | 4,852 | 7,372 | 11,167 | 11,791 | 15,193 | 13,454 | 37,555 | 41,986 | |
-13,085 | -2,859 | -8,522 | -9,837 | -2,382 | -4,352 | -3,956 | -12,273 | -16,350 | -17,635 | -13,665 | -34,168 | |
5,651 | -7,767 | -4,282 | -3,826 | -2,957 | -2,540 | -7,280 | 4,166 | -2,887 | 4,630 | -23,385 | -7,368 | |
Net Cash Flow | 905 | -202 | -1,735 | -1,231 | -487 | 480 | -69 | 3,684 | -4,044 | 449 | 504 | 450 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 5 | 10 | 8 | 7 | 4 | 11 | 15 | 11 | 7 | 6 | 12 | 9 |
Inventory Days | 231 | 222 | 193 | 222 | 252 | 242 | 310 | 223 | 195 | 213 | 191 | 194 |
Days Payable | 261 | 320 | 234 | 305 | 182 | 210 | 325 | 227 | 190 | 210 | 199 | 205 |
Cash Conversion Cycle | -25 | -88 | -33 | -77 | 74 | 43 | 1 | 7 | 12 | 8 | 4 | -2 |
Working Capital Days | -24 | -98 | -72 | -93 | -54 | -50 | -46 | -59 | -50 | -45 | -38 | -36 |
ROCE % | 16% | 14% | 13% | 13% | 9% | 6% | 11% | 15% | 20% | 10% | 18% | 32% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Jan - Of Schedule of Analyst / Institutional Investor Meeting under the SEBI (LODR), Regulations, 2015
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jan
Annual reports
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Product Portfolio
Special Steel: It is used for high-end and critical applications such as forging, bearings, fasteners, spring etc. which are used primarily by the Automotive sector but also in other areas such as construction, capital goods, etc.
Sponge Iron/DRI (Direct Reduced Iron): It is highly commoditized in nature and used as a raw material (Substitute/in addition to Steel scrap) in the electric arc furnaces or induction furnaces. [1]