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 ₹ 2,02,609 Cr.
- Current Price ₹ 162
- High / Low ₹ 187 / 123
- Stock P/E 27.6
- Book Value ₹ 76.1
- Dividend Yield 2.22 %
- ROCE 8.83 %
- ROE 3.89 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 26.8%
Cons
- The company has delivered a poor sales growth of 9.34% over past five years.
- Company has a low return on equity of 6.23% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 148,614 | 139,504 | 101,965 | 112,299 | 123,249 | 157,669 | 139,817 | 156,294 | 243,959 | 243,353 | 229,171 | 218,543 | 221,734 | |
| 132,430 | 136,095 | 102,590 | 99,156 | 101,816 | 128,351 | 122,354 | 125,790 | 180,469 | 211,053 | 206,923 | 193,244 | 192,947 | |
| Operating Profit | 16,184 | 3,409 | -625 | 13,144 | 21,433 | 29,318 | 17,463 | 30,504 | 63,490 | 32,300 | 22,248 | 25,298 | 28,787 |
| OPM % | 11% | 2% | -1% | 12% | 17% | 19% | 12% | 20% | 26% | 13% | 10% | 12% | 13% |
| 716 | 5,994 | 10,346 | -3,789 | 10,898 | 1,524 | -2,884 | 180 | 1,300 | 1,569 | -6,005 | 877 | 521 | |
| Interest | 4,337 | 4,848 | 4,221 | 5,072 | 5,455 | 7,660 | 7,533 | 7,607 | 5,462 | 6,299 | 7,508 | 7,341 | 7,220 |
| Depreciation | 5,841 | 5,944 | 5,306 | 5,673 | 5,742 | 7,342 | 8,441 | 9,234 | 9,101 | 9,335 | 9,882 | 10,421 | 10,926 |
| Profit before tax | 6,722 | -1,388 | 193 | -1,391 | 21,135 | 15,841 | -1,395 | 13,844 | 50,227 | 18,235 | -1,147 | 8,413 | 11,161 |
| Tax % | 45% | 185% | 358% | 200% | 16% | 42% | -184% | 41% | 17% | 56% | 328% | 62% | |
| 3,665 | -3,939 | -497 | -4,169 | 17,743 | 9,122 | 1,174 | 8,190 | 41,749 | 8,075 | -4,910 | 3,174 | 6,687 | |
| EPS in Rs | 3.19 | -3.48 | -0.34 | -3.76 | 11.93 | 9.07 | 1.38 | 6.26 | 32.88 | 7.17 | -3.55 | 2.74 | 5.44 |
| Dividend Payout % | 27% | -20% | -203% | -23% | 9% | 15% | 74% | 40% | 16% | 50% | -101% | 131% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 9% |
| 3 Years: | -4% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 77% |
| 3 Years: | -55% |
| TTM: | 128% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 21% |
| 3 Years: | 14% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 14% |
| 3 Years: | 6% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 971 | 971 | 970 | 970 | 1,145 | 1,145 | 1,145 | 1,198 | 1,221 | 1,221 | 1,247 | 1,247 | 1,247 |
| Reserves | 39,561 | 30,378 | 42,762 | 36,849 | 59,726 | 67,780 | 72,431 | 73,041 | 113,222 | 101,861 | 90,788 | 89,922 | 93,700 |
| 81,629 | 80,701 | 81,987 | 83,014 | 92,147 | 100,816 | 116,328 | 88,501 | 75,561 | 84,893 | 87,082 | 94,801 | 95,643 | |
| 49,443 | 47,059 | 51,165 | 51,614 | 55,704 | 63,032 | 59,245 | 81,169 | 92,417 | 97,421 | 90,195 | 89,488 | 94,975 | |
| Total Liabilities | 171,604 | 159,109 | 176,884 | 172,447 | 208,722 | 232,773 | 249,149 | 243,909 | 282,422 | 285,396 | 269,312 | 275,459 | 285,565 |
| 74,907 | 68,100 | 72,200 | 92,007 | 96,105 | 124,442 | 134,551 | 135,775 | 133,288 | 146,621 | 148,814 | 150,914 | 166,095 | |
| CWIP | 26,822 | 28,678 | 35,996 | 15,784 | 16,614 | 18,641 | 19,497 | 19,007 | 22,046 | 31,213 | 34,356 | 41,622 | 33,152 |
| Investments | 5,093 | 3,455 | 10,714 | 12,457 | 17,899 | 5,738 | 6,285 | 10,682 | 13,140 | 8,410 | 6,258 | 6,194 | 6,903 |
| 64,781 | 58,876 | 57,974 | 52,200 | 78,103 | 83,952 | 88,816 | 78,445 | 113,948 | 99,151 | 79,885 | 76,728 | 79,415 | |
| Total Assets | 171,604 | 159,109 | 176,884 | 172,447 | 208,722 | 232,773 | 249,149 | 243,909 | 282,422 | 285,396 | 269,312 | 275,459 | 285,565 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,146 | 11,880 | 11,455 | 10,824 | 8,023 | 25,336 | 20,169 | 44,327 | 44,381 | 21,683 | 20,301 | 23,512 | |
| -15,378 | -9,021 | -8,794 | -9,490 | -11,730 | -29,176 | -14,012 | -9,437 | -10,905 | -18,179 | -14,253 | -13,985 | |
| 1,015 | -2,617 | -4,729 | -2,579 | 6,640 | -673 | -1,695 | -37,090 | -23,401 | -6,981 | -11,097 | -7,002 | |
| Net Cash Flow | -1,218 | 241 | -2,068 | -1,245 | 2,933 | -4,513 | 4,462 | -2,200 | 10,075 | -3,477 | -5,049 | 2,524 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 39 | 35 | 43 | 38 | 37 | 27 | 21 | 22 | 18 | 12 | 10 | 9 |
| Inventory Days | 156 | 165 | 180 | 230 | 224 | 190 | 197 | 213 | 213 | 175 | 176 | 171 |
| Days Payable | 133 | 126 | 167 | 172 | 161 | 130 | 136 | 166 | 161 | 122 | 108 | 113 |
| Cash Conversion Cycle | 62 | 74 | 56 | 96 | 99 | 87 | 82 | 69 | 71 | 66 | 78 | 67 |
| Working Capital Days | -43 | -6 | -47 | -32 | -31 | -18 | -38 | -55 | -34 | -42 | -59 | -50 |
| ROCE % | 10% | 1% | 1% | 6% | 12% | 14% | 6% | 12% | 31% | 13% | 7% | 9% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2m
-
Announcement under Regulation 30 (LODR)-Acquisition
21m - Tata Steel to acquire 50.01% of TPPL for up to ₹636 crore; board approved major capacity expansions.
-
Clarification sought from Tata Steel Ltd
2h - Exchange has sought clarification from Tata Steel Ltd with reference to the media report appearing on https:// economictimes.indiatimes.com dated December 09, 2025 (Link: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-acquires-majority-stake-in-thriveni-pellets-to-boost-raw-material-supply-chain/articleshow/125874653.cms) titled …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Virtual investor group meeting on Dec 11, 2025 at 11:00 IST.
-
Disclosure Under Regulations 30 And 51 Of SEBI (LODR) Regulations, 2015
4 Dec - Interim protection extended to Dec 12; Tata Steel challenges demand letters of ₹1,902,72,53,760 and ₹2,410,89,66,881.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
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 nse
Concalls
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
Jul 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT
-
May 2025TranscriptAI SummaryPPT
-
Feb 2025Transcript PPT REC
-
Jan 2025TranscriptAI SummaryPPT
-
Nov 2024Transcript PPT REC
-
Aug 2024Transcript PPT REC
-
Jul 2024TranscriptAI SummaryPPT
-
Jul 2024TranscriptAI SummaryPPT
-
Jun 2024TranscriptAI SummaryPPT REC
-
May 2024TranscriptAI SummaryPPT
-
Jan 2024TranscriptAI SummaryPPT
-
Nov 2023Transcript PPT
-
Jul 2023Transcript PPT
-
Jul 2023TranscriptAI SummaryPPT
-
May 2023Transcript PPT
-
May 2023TranscriptAI SummaryPPT
-
Feb 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022TranscriptAI SummaryPPT
-
Jul 2022Transcript PPT
-
Jun 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
Feb 2022TranscriptAI SummaryPPT
-
Nov 2021TranscriptAI SummaryPPT
-
Aug 2021TranscriptAI SummaryPPT
-
Jul 2021TranscriptAI SummaryPPT
-
Jun 2021TranscriptAI SummaryPPT
-
Jun 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
Feb 2021TranscriptAI SummaryPPT
-
Feb 2021TranscriptAI SummaryPPT
-
Nov 2020TranscriptAI SummaryPPT
-
Aug 2020TranscriptAI SummaryPPT
-
Jun 2020TranscriptAI SummaryPPT
-
Feb 2020TranscriptAI SummaryPPT
-
Feb 2020TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Apr 2019TranscriptAI SummaryPPT
-
Apr 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Aug 2018TranscriptAI SummaryPPT
-
Jun 2018TranscriptAI SummaryPPT
-
May 2018TranscriptAI SummaryPPT
-
Feb 2018TranscriptAI SummaryPPT
-
Feb 2018TranscriptAI SummaryPPT
-
Oct 2017TranscriptAI SummaryPPT
-
Oct 2017TranscriptAI SummaryPPT
-
Sep 2017TranscriptAI SummaryPPT
-
May 2017TranscriptAI SummaryPPT
-
May 2016TranscriptAI SummaryPPT
Products and Brands
The company manufactures flat products like HR coils, CR coils, galvanised steel, and long products like wire rods, rebars, ferro alloys, tubes, bearings, wires, etc. [1]
Its products are sold under 20 brands, including Tata Astrum, Tata Tiscon, Galvano, Tata Steelium, Tata Structura, Tata Agrico, Tata Wiron, Tata Pravish, etc. [2]