Tata Steel Ltd

₹ 167 0.54%

03 Jul 12:27 p.m.

tatasteel.com BSE: 500470 NSE: TATASTEEL

About

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]

Key Points

Product Portfolio^[1]
The company’s product mix includes flat products such as hot rolled coils, cold rolled coils and galvanised steel, and long products such as wire rods, rebar, ferro alloys, tubes, bearings and wires. The product segments cater to agriculture, automotive, construction, consumer goods, energy and power, engineering and material handling etc.

Website BSE NSE

Market Cap ₹ 2,08,225 Cr.
Current Price ₹ 167
High / Low ₹ 178 / 123
Stock P/E 14.4
Book Value ₹ 102
Dividend Yield 2.17 %
ROCE 12.7 %
ROE 10.9 %
Face Value ₹ 1.00

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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 Nifty 500 BSE Metal Nifty 100 Nifty Metal Nifty 200 Nifty Commodities Nifty High Beta 50 Nifty 100 Liquid 15 Nifty 100 Equal Weight BSE Allcap BSE LargeCap BSE Commodities BSE India Manufacturing Index BSE SENSEX 50 BSE 100 ESG Index (INR) BSE 250 LargeMidCap Index Nifty 50 Equal Weight BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty100 ESG Nifty India Manufacturing Nifty Total Market Nifty Tata Group 25% Cap Nifty500 Multicap India Manufacturing 50:30:20 Nifty500 Value 50 Nifty200 Value 30 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	36,681	32,021	34,643	33,929	38,048	35,487	34,198	34,686	36,541	32,958	32,399	32,760	34,399
	24,447	22,453	29,977	28,793	29,393	28,779	27,292	26,392	28,462	26,182	25,790	25,260	27,420
Operating Profit	12,234	9,568	4,666	5,136	8,655	6,708	6,905	8,293	8,079	6,776	6,610	7,500	6,979
OPM %	33%	30%	13%	15%	23%	19%	20%	24%	22%	21%	20%	23%	20%
	430	681	795	717	-214	1,473	-12,171	336	-161	138	865	310	32
Interest	646	722	994	1,117	1,096	1,020	1,116	1,038	926	925	1,133	1,080	1,101
Depreciation	1,380	1,344	1,443	1,503	1,504	1,484	1,482	1,519	1,522	1,524	1,556	1,556	1,618
Profit before tax	10,639	8,183	3,023	3,233	5,842	5,677	-7,864	6,071	5,471	4,465	4,786	5,175	4,293
Tax %	26%	25%	27%	27%	29%	8%	8%	23%	25%	25%	25%	25%	26%
	7,839	6,114	2,215	2,364	4,172	5,214	-8,491	4,699	4,091	3,331	3,591	3,879	3,169
EPS in Rs	6.42	5.01	1.81	1.93	3.41	4.27	-6.95	3.82	3.28	2.67	2.88	3.11	2.54
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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
	41,711	41,785	38,269	47,993	59,617	70,611	60,436	84,133	129,021	142,913	140,933	132,517
	28,894	31,776	30,871	36,117	43,450	50,048	45,518	57,009	77,892	114,643	110,944	104,651
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
OPM %	31%	24%	19%	25%	27%	29%	25%	32%	40%	20%	21%	21%
	646	2,474	-1,044	-289	-2,991	2,291	-1,356	1,496	1,217	1,750	-375	1,345
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
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
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
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
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
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:	-17%

Stock Price CAGR
10 Years:	19%
5 Years:	38%
3 Years:	25%
1 Year:	-6%

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	-54	-50	-46	-59	-50	-45	-38	-36	-24	-39	-44
ROCE %	13%	9%	6%	11%	15%	19%	10%	18%	32%	14%	14%	13%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	33.92%	33.92%	33.90%	33.90%	33.90%	33.90%	33.70%	33.19%	33.19%	33.19%	33.19%	33.19%
	21.95%	21.52%	21.87%	20.62%	20.28%	20.31%	20.01%	19.61%	19.68%	19.25%	18.53%	18.29%
	19.01%	18.17%	19.62%	20.68%	20.96%	22.20%	23.15%	23.51%	23.33%	22.67%	23.52%	24.48%
	0.10%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.18%	0.18%	0.18%	0.18%
	25.02%	26.23%	24.45%	24.63%	24.70%	23.43%	22.99%	23.52%	23.60%	24.69%	24.55%	23.84%
No. of Shareholders	20,47,661	33,71,417	33,35,265	36,44,090	36,92,750	38,04,728	39,92,609	47,17,442	52,69,354	59,87,139	61,59,779	60,25,709

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	31.35%	33.21%	33.12%	34.41%	34.41%	33.92%	33.90%	33.19%	33.19%
	14.11%	18.55%	14.60%	12.39%	18.56%	22.87%	20.62%	19.61%	18.29%
	30.62%	26.66%	29.06%	29.66%	25.16%	20.41%	20.68%	23.51%	24.48%
	0.01%	0.07%	0.11%	0.22%	0.25%	0.10%	0.16%	0.16%	0.18%
	23.91%	21.51%	23.11%	23.32%	21.62%	22.70%	24.63%	23.52%	23.84%
No. of Shareholders	8,44,429	7,81,392	8,09,578	8,96,919	8,73,198	15,87,315	36,44,090	47,17,442	60,25,709

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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