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 ₹ 1,99,799 Cr.
- Current Price ₹ 160
- High / Low ₹ 170 / 104
- Stock P/E 11.5
- Book Value ₹ 103
- Dividend Yield 2.25 %
- ROCE 15.1 %
- ROE 12.3 %
- Face Value ₹ 1.00
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
- Promoter holding has decreased over last quarter: -0.72%
* 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 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 | 137,835 | |
22,397 | 27,073 | 28,894 | 31,776 | 30,871 | 36,117 | 43,450 | 50,048 | 45,518 | 57,009 | 77,892 | 101,305 | 107,973 | |
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 | 29,862 |
OPM % | 34% | 29% | 31% | 24% | 19% | 25% | 27% | 29% | 25% | 32% | 40% | 21% | 22% |
1,397 | 228 | 646 | 2,474 | -1,044 | -289 | -2,991 | 2,291 | -1,356 | 1,496 | 1,217 | 2,547 | -10,400 | |
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 | 4,260 |
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 | 5,774 |
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 | 9,426 |
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 | 4,765 | |
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 | 3.87 |
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: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 24% |
3 Years: | 22% |
1 Year: | 48% |
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Apr
- Certificates Under Regulation 40(9) Read With 61(4) Of SEBI (LODR) Regulations, 2015 15 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
Concalls
-
Jan 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
Jul 2023Transcript PPT
-
Jul 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022TranscriptNotesPPT
-
Jul 2022Transcript PPT
-
Jun 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Jun 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Apr 2019TranscriptNotesPPT
-
Apr 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
Jun 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Oct 2017TranscriptNotesPPT
-
Oct 2017TranscriptNotesPPT
-
Sep 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
May 2016TranscriptNotesPPT
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.