Tata Steel Ltd
₹ 107
-1.29%
30 May
- close price
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
- Market Cap ₹ 1,30,832 Cr.
- Current Price ₹ 107
- High / Low ₹ 124 / 82.7
- Stock P/E 8.14
- Book Value ₹ 110
- Dividend Yield 3.36 %
- ROCE 15.1 %
- ROE 12.4 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.97 times its book value
- Stock is providing a good dividend yield of 3.36%.
- Company has delivered good profit growth of 21.3% 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33,933 | 38,199 | 41,711 | 41,785 | 38,269 | 47,993 | 59,617 | 70,611 | 60,436 | 84,133 | 129,021 | 129,007 | |
| 22,397 | 27,073 | 28,894 | 31,776 | 30,871 | 36,117 | 43,450 | 50,048 | 45,518 | 57,009 | 77,892 | 101,305 | |
| 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 |
| OPM % | 34% | 29% | 31% | 24% | 19% | 25% | 27% | 29% | 25% | 32% | 40% | 21% |
| 1,397 | 228 | 646 | 2,474 | -1,044 | -289 | -2,991 | 2,291 | -1,356 | 1,496 | 1,217 | 2,547 | |
| 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 |
| 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 |
| 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 |
| Tax % | 32% | 35% | 34% | 24% | 38% | 36% | 37% | 35% | -2% | 8% | 25% | 26% |
| Net Profit | 6,696 | 5,063 | 6,412 | 6,439 | 956 | 3,445 | 4,170 | 10,533 | 6,744 | 17,078 | 33,011 | 15,495 |
| 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 |
| 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: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 21% |
| 3 Years: | 26% |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 13% |
| 3 Years: | 54% |
| 1 Year: | 2% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 971 | 971 | 971 | 971 | 971 | 971 | 1,146 | 1,146 | 1,146 | 1,199 | 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 |
| 26,172 | 27,508 | 27,917 | 28,198 | 30,844 | 28,285 | 28,126 | 29,701 | 41,423 | 37,065 | 36,525 | 42,372 | |
| 17,414 | 19,159 | 21,975 | 21,001 | 25,359 | 33,522 | 33,199 | 35,067 | 32,132 | 48,240 | 60,028 | 56,622 | |
| 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 |
| 11,366 | 24,875 | 24,266 | 25,249 | 50,088 | 72,567 | 71,729 | 71,222 | 71,233 | 97,143 | 94,290 | 91,701 | |
| CWIP | 16,047 | 8,722 | 18,509 | 23,037 | 28,206 | 6,164 | 5,673 | 5,796 | 8,247 | 10,908 | 14,542 | 21,092 |
| 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 |
| 18,107 | 17,861 | 13,603 | 14,414 | 15,035 | 19,069 | 23,435 | 21,073 | 20,816 | 36,255 | 69,656 | 74,809 | |
| 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 |
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 | -16 |
| ROCE % | 14% | 13% | 13% | 9% | 6% | 11% | 15% | 19% | 10% | 18% | 32% | 15% |
Documents
Announcements
- Report Of The Scrutinizer And Voting Results Of Postal Ballot 5h
- Result Of Postal Ballot By Remote E-Voting Process 5h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Advertisement - Notice and Advertisement of Notice Convening the Meeting of Equity Shareholders of Tata Steel Limited
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Analyst / Institutional Investor Meeting under the SEBI (LODR), Regulations, 2015
Annual reports
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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 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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Concalls
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May 2023TranscriptNotesPPT
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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]