Tata Steel Ltd

₹ 121 -0.29%
27 Jan - 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

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]

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
14,871 15,262 14,211 9,339 21,601 23,190 27,355 27,596 32,687 31,964 36,681 32,021 32,245
11,393 11,484 10,563 8,088 15,876 14,896 15,666 14,298 19,257 19,796 24,447 22,453 27,401
Operating Profit 3,478 3,778 3,649 1,251 5,724 8,295 11,690 13,298 13,430 12,168 12,234 9,568 4,844
OPM % 23% 25% 26% 13% 26% 36% 43% 48% 41% 38% 33% 30% 15%
101 401 -1,938 2,180 211 -56 1,172 436 251 99 430 681 998
Interest 720 784 804 908 1,220 1,109 914 773 730 644 646 722 958
Depreciation 970 980 1,002 969 1,378 1,343 1,410 1,372 1,352 1,360 1,380 1,344 1,349
Profit before tax 1,889 2,415 -96 1,553 3,337 5,786 10,538 11,590 11,600 10,263 10,639 8,183 3,535
Tax % -103% 25% -356% 23% 24% 26% 23% 24% 25% 25% 26% 25% 25%
Net Profit 3,838 1,804 -437 1,193 2,539 4,285 8,130 8,780 8,708 7,683 7,839 6,114 2,655
EPS in Rs 3.41 1.60 -0.39 1.06 2.25 3.80 6.79 7.30 7.24 6.29 6.42 5.01 2.17
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.41 34.41 34.41 34.41 34.41 34.41 34.41 33.92 33.92 33.92 33.92 33.90
12.39 11.84 11.45 16.87 18.56 21.94 22.38 21.36 22.87 21.95 21.52 21.87
29.66 29.79 29.87 25.84 25.16 19.28 18.28 18.11 20.41 19.01 18.17 19.62
0.22 0.22 0.25 0.25 0.25 0.10 0.10 0.10 0.10 0.10 0.16 0.16
23.32 23.73 24.02 22.62 21.62 24.27 24.83 26.51 22.70 25.02 26.23 24.45

* 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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