Tata Steel Ltd

Tata Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tata Steel Ltd

₹ 132 0.46%
05 Dec 4:01 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
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]

Website BSE NSE
  • Market Cap ₹ 1,61,895 Cr.
  • Current Price ₹ 132
  • High / Low ₹ 135 / 102
  • Stock P/E 10.4
  • Book Value ₹ 104
  • Dividend Yield 2.74 %
  • ROCE 15.1 %
  • ROE 12.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 21.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.6%

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
21,601 23,190 27,355 27,596 32,687 31,964 36,681 32,021 34,643 30,465 34,275 34,693 33,223
15,876 14,896 15,666 14,298 19,257 19,796 24,447 22,453 29,977 25,306 26,145 28,079 26,472
Operating Profit 5,724 8,295 11,690 13,298 13,430 12,168 12,234 9,568 4,666 5,160 8,130 6,614 6,751
OPM % 26% 36% 43% 48% 41% 38% 33% 30% 13% 17% 24% 19% 20%
211 -56 1,172 436 251 99 430 681 795 901 -34 1,463 -12,143
Interest 1,220 1,109 914 773 730 644 646 722 994 1,073 1,038 1,027 1,124
Depreciation 1,378 1,343 1,410 1,372 1,352 1,360 1,380 1,344 1,443 1,371 1,371 1,430 1,426
Profit before tax 3,337 5,786 10,538 11,590 11,600 10,263 10,639 8,183 3,023 3,617 5,687 5,621 -7,942
Tax % 24% 26% 23% 24% 25% 25% 26% 25% 27% 25% 29% 18% -7%
2,539 4,285 8,130 8,780 8,708 7,683 7,839 6,114 2,215 2,705 4,021 4,605 -8,531
EPS in Rs 2.25 3.80 6.79 7.30 7.24 6.29 6.42 5.01 1.81 2.21 3.29 3.77 -6.98
Raw PDF

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
33,933 38,199 41,711 41,785 38,269 47,993 59,617 70,611 60,436 84,133 129,021 129,007 132,656
22,397 27,073 28,894 31,776 30,871 36,117 43,450 50,048 45,518 57,009 77,892 101,305 106,002
Operating Profit 11,537 11,126 12,817 10,009 7,398 11,876 16,167 20,563 14,918 27,124 51,130 27,702 26,655
OPM % 34% 29% 31% 24% 19% 25% 27% 29% 25% 32% 40% 21% 20%
1,397 228 646 2,474 -1,044 -289 -2,991 2,291 -1,356 1,496 1,217 2,547 -9,812
Interest 1,925 1,877 1,821 1,976 1,848 2,689 2,811 2,824 3,031 4,541 2,792 3,792 4,263
Depreciation 1,151 1,640 1,929 1,998 2,962 3,542 3,727 3,803 3,920 5,469 5,464 5,435 5,598
Profit before tax 9,857 7,837 9,714 8,509 1,543 5,357 6,638 16,227 6,611 18,610 44,091 21,022 6,983
Tax % 32% 35% 34% 24% 38% 36% 37% 35% -2% 8% 25% 26%
6,696 5,063 6,412 6,439 956 3,445 4,170 10,533 6,744 17,078 33,011 15,495 2,800
EPS in Rs 5.94 4.49 5.69 5.72 0.85 3.06 3.70 9.35 5.99 14.27 27.03 12.68 2.29
Dividend Payout % 17% 15% 15% 12% 81% 28% 27% 14% 17% 18% 19% 28%
Compounded Sales Growth
10 Years: 13%
5 Years: 17%
3 Years: 29%
TTM: -2%
Compounded Profit Growth
10 Years: 12%
5 Years: 21%
3 Years: 26%
TTM: -36%
Stock Price CAGR
10 Years: 13%
5 Years: 21%
3 Years: 28%
1 Year: 14%
Return on Equity
10 Years: 14%
5 Years: 18%
3 Years: 20%
Last Year: 12%

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 971 971 971 971 971 971 1,146 1,146 1,146 1,199 1,222 1,222 1,222
Reserves 51,245 54,238 60,177 65,692 47,941 48,688 62,644 71,584 75,692 93,986 124,211 133,575 125,473
26,172 27,508 27,917 28,198 30,844 28,285 28,126 29,701 41,423 37,065 36,525 42,372 46,866
17,414 19,159 21,975 21,001 25,359 33,522 33,199 35,067 32,132 48,240 60,028 56,622 61,423
Total Liabilities 95,803 101,877 111,040 115,864 105,114 111,465 125,114 137,498 150,393 180,491 221,986 233,791 234,986
11,366 24,875 24,266 25,249 50,088 72,567 71,729 71,222 71,233 97,143 94,290 91,186 93,929
CWIP 16,047 8,722 18,509 23,037 28,206 6,164 5,673 5,796 8,247 10,908 14,542 21,607 26,293
Investments 50,283 50,419 54,662 53,164 11,785 13,666 24,277 39,407 50,096 36,184 43,498 46,189 66,982
18,107 17,861 13,603 14,414 15,035 19,069 23,435 21,073 20,816 36,255 69,656 74,809 47,783
Total Assets 95,803 101,877 111,040 115,864 105,114 111,465 125,114 137,498 150,393 180,491 221,986 233,791 234,986

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
10,424 11,069 12,433 4,852 7,372 11,167 11,791 15,193 13,454 37,555 41,986 14,227
-2,859 -8,522 -9,837 -2,382 -4,352 -3,956 -12,273 -16,350 -17,635 -13,665 -34,168 -11,061
-7,767 -4,282 -3,826 -2,957 -2,540 -7,280 4,166 -2,887 4,630 -23,385 -7,368 -4,979
Net Cash Flow -202 -1,735 -1,231 -487 480 -69 3,684 -4,044 449 504 450 -1,813

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 10 8 7 4 11 15 11 7 6 12 9 9
Inventory Days 222 193 222 252 242 310 223 195 213 191 194 126
Days Payable 320 234 305 182 210 325 227 190 210 199 205 109
Cash Conversion Cycle -88 -33 -77 74 43 1 7 12 8 4 -2 26
Working Capital Days -98 -72 -93 -54 -50 -46 -59 -50 -45 -38 -36 -22
ROCE % 14% 13% 13% 9% 6% 11% 15% 19% 10% 18% 32% 15%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Nov 2023
34.41% 34.41% 34.41% 33.92% 33.92% 33.92% 33.92% 33.90% 33.90% 33.90% 33.90% 33.70%
18.56% 21.94% 22.38% 21.36% 22.87% 21.95% 21.52% 21.87% 20.62% 20.28% 20.31% 19.84%
25.16% 19.28% 18.28% 18.11% 20.41% 19.01% 18.17% 19.62% 20.68% 20.96% 22.20% 22.60%
0.25% 0.10% 0.10% 0.10% 0.10% 0.10% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16%
21.62% 24.27% 24.83% 26.51% 22.70% 25.02% 26.23% 24.45% 24.63% 24.70% 23.43% 23.70%
No. of Shareholders 8,73,19810,22,48212,30,36716,91,27815,87,31520,47,66133,71,41733,35,26536,44,09036,92,75038,04,72839,80,312

* 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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