Tata Steel Ltd

₹ 107 -0.32%
05 Aug - 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 131,107 Cr.
  • Current Price 107
  • High / Low 153 / 82.7
  • Stock P/E 3.37
  • Book Value 93.7
  • Dividend Yield 4.75 %
  • ROCE 31.6 %
  • ROE 42.6 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.15 times its book value
  • Stock is providing a good dividend yield of 4.75%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 76.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 43.0%

Cons

  • Contingent liabilities of Rs.40,505 Cr.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
35,947 34,579 35,520 36,009 25,475 38,940 41,935 50,028 53,465 60,387 60,783 69,324 63,430
30,570 31,501 31,963 31,210 24,935 32,727 32,367 35,844 37,355 43,931 44,889 54,294 48,457
Operating Profit 5,377 3,078 3,557 4,799 539 6,213 9,568 14,184 16,111 16,456 15,894 15,030 14,973
OPM % 15% 9% 10% 13% 2% 16% 23% 28% 30% 27% 26% 22% 24%
338 172 -215 -2,448 261 335 152 -569 102 972 48 177 388
Interest 1,806 1,871 1,931 1,934 2,006 1,948 1,786 1,866 1,811 1,020 1,532 1,099 1,218
Depreciation 2,071 2,127 2,019 2,288 2,175 2,325 2,342 2,392 2,325 2,289 2,244 2,243 2,237
Profit before tax 1,838 -748 -607 -1,871 -3,381 2,274 5,593 9,357 12,077 14,120 12,166 11,865 11,906
Tax % 61% 542% -102% 14% -38% 27% 28% 23% 19% 11% 21% 17% 35%
Net Profit 717 3,405 -1,085 -1,481 -4,417 1,565 3,697 6,644 8,907 11,918 9,573 9,756 7,765
EPS in Rs 0.64 3.02 -0.96 -1.32 -3.92 1.39 3.28 5.55 7.41 9.91 7.84 7.99 6.36

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
118,753 132,900 134,712 148,614 139,504 101,965 112,299 123,249 157,669 148,972 156,477 243,959 253,924
105,312 120,483 130,746 132,430 136,095 102,590 99,156 101,816 128,351 131,144 125,973 180,469 191,572
Operating Profit 13,441 12,417 3,965 16,184 3,409 -625 13,144 21,433 29,318 17,828 30,504 63,490 62,352
OPM % 11% 9% 3% 11% 2% -1% 12% 17% 19% 12% 19% 26% 25%
7,031 4,935 1,445 716 5,994 10,346 -3,789 10,898 1,524 -2,920 180 1,300 1,586
Interest 3,956 4,250 3,968 4,337 4,848 4,221 5,072 5,455 7,660 7,581 7,607 5,462 4,869
Depreciation 4,415 4,517 5,575 5,841 5,944 5,306 5,673 5,742 7,342 8,708 9,234 9,101 9,013
Profit before tax 12,102 8,585 -4,133 6,722 -1,388 193 -1,391 21,135 15,841 -1,380 13,844 50,227 50,056
Tax % 27% 42% -78% 45% -185% 358% -200% 16% 42% 185% 41% 17%
Net Profit 8,983 5,390 -7,058 3,595 -3,926 -383 -4,241 13,434 10,218 1,557 7,490 40,154 39,012
EPS in Rs 8.07 4.78 -6.26 3.19 -3.48 -0.34 -3.76 11.93 9.07 1.38 6.26 32.88 32.10
Dividend Payout % 13% 22% -11% 27% -20% -203% -23% 9% 15% 74% 40% 16%
Compounded Sales Growth
10 Years: 6%
5 Years: 17%
3 Years: 16%
TTM: 38%
Compounded Profit Growth
10 Years: 29%
5 Years: 77%
3 Years: 67%
TTM: 79%
Stock Price CAGR
10 Years: 11%
5 Years: 13%
3 Years: 44%
1 Year: -25%
Return on Equity
10 Years: 11%
5 Years: 21%
3 Years: 24%
Last Year: 43%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
959 994 993 991 971 970 970 1,165 1,158 1,145 1,198 1,221
Reserves 34,427 41,645 33,201 39,561 30,378 40,487 34,574 57,451 65,505 70,156 72,262 113,222
60,577 59,897 68,507 81,609 80,701 81,987 83,014 92,127 100,803 116,328 88,501 75,561
39,350 44,278 44,197 49,463 47,059 53,440 53,889 57,999 65,320 61,520 81,948 92,417
Total Liabilities 135,313 146,791 146,876 171,604 159,109 176,884 172,447 208,722 232,773 249,149 243,909 282,422
51,866 59,287 68,002 74,907 68,100 72,200 92,007 96,105 124,442 134,551 135,775 133,288
CWIP 13,552 20,196 14,277 26,822 28,678 35,996 15,784 16,614 18,641 19,497 19,007 22,046
Investments 7,847 4,021 3,258 5,093 3,455 10,714 12,457 17,899 5,738 6,285 10,682 13,140
62,048 63,286 61,340 64,781 58,876 57,974 52,200 78,103 83,952 88,816 78,445 113,948
Total Assets 135,313 146,791 146,876 171,604 159,109 176,884 172,447 208,722 232,773 249,149 243,909 282,422

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5,655 12,018 14,035 13,146 11,880 11,455 10,824 8,023 25,336 20,169 44,327 44,381
-7,584 -3,705 -13,099 -15,378 -9,021 -8,794 -9,490 -11,730 -29,176 -14,012 -9,437 -10,905
5,973 -8,462 -1,780 1,015 -2,617 -4,729 -2,579 6,640 -673 -1,695 -37,090 -23,401
Net Cash Flow 4,045 -149 -844 -1,218 241 -2,068 -1,245 2,933 -4,513 4,462 -2,200 10,075

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 46 41 38 39 35 43 38 37 27 19 22 18
Inventory Days 165 142 145 156 165 180 230 224 190 178 215 213
Days Payable 117 124 117 133 126 167 172 161 130 123 167 161
Cash Conversion Cycle 93 59 67 62 74 56 96 99 87 75 69 71
Working Capital Days 17 5 5 -3 19 10 27 16 7 12 -18 4
ROCE % 15% 9% -1% 10% 1% 1% 7% 12% 14% 6% 13% 32%

Shareholding Pattern

Numbers in percentages

9 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
33.12 33.12 34.41 34.41 34.41 34.41 34.41 34.41 34.41 33.92 33.92 33.92
13.65 15.34 12.39 11.84 11.45 16.87 18.56 21.94 22.38 21.36 22.87 21.95
30.13 29.27 29.66 29.79 29.87 25.84 25.16 19.28 18.28 18.11 20.41 19.01
0.11 0.20 0.22 0.22 0.25 0.25 0.25 0.10 0.10 0.10 0.10 0.10
22.99 22.08 23.32 23.73 24.02 22.62 21.62 24.27 24.83 26.51 22.70 25.02

Documents

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