Tata Steel Ltd

Tata Steel Ltd

₹ 183 0.32%
14 Jun - 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[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.

  • Market Cap 2,28,636 Cr.
  • Current Price 183
  • High / Low 184 / 108
  • Stock P/E
  • Book Value 73.7
  • Dividend Yield 1.97 %
  • ROCE 7.67 %
  • ROE -2.21 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.51%
  • The company has delivered a poor sales growth of 7.77% over past five 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

Sector: Steel Industry: Steel - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
50,028 53,465 60,387 60,783 69,324 63,430 59,878 57,084 62,962 59,490 55,682 55,312 58,687
35,844 37,355 43,931 44,889 54,294 48,457 53,817 53,036 55,742 54,587 51,414 49,048 52,087
Operating Profit 14,184 16,111 16,456 15,894 15,030 14,973 6,060 4,048 7,219 4,903 4,268 6,264 6,601
OPM % 28% 30% 27% 26% 22% 24% 10% 7% 11% 8% 8% 11% 11%
-569 102 972 48 177 388 412 491 277 1,190 -6,568 -33 -382
Interest 1,866 1,811 1,020 1,532 1,099 1,218 1,519 1,768 1,794 1,825 1,959 1,881 1,842
Depreciation 2,392 2,325 2,289 2,244 2,243 2,237 2,348 2,368 2,382 2,412 2,480 2,422 2,568
Profit before tax 9,357 12,077 14,120 12,166 11,865 11,906 2,605 403 3,321 1,855 -6,739 1,928 1,809
Tax % 23% 19% 11% 21% 17% 35% 50% 721% 53% 72% 3% 73% 69%
7,162 9,768 12,548 9,598 9,835 7,714 1,297 -2,502 1,566 525 -6,511 522 555
EPS in Rs 5.55 7.41 9.91 7.84 7.99 6.36 1.24 -1.82 1.39 0.52 -5.07 0.42 0.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
134,712 148,614 139,504 101,965 112,299 123,249 157,669 139,817 156,294 243,959 243,353 229,171
130,746 132,430 136,095 102,590 99,156 101,816 128,351 122,354 125,790 180,469 211,053 206,923
Operating Profit 3,965 16,184 3,409 -625 13,144 21,433 29,318 17,463 30,504 63,490 32,300 22,248
OPM % 3% 11% 2% -1% 12% 17% 19% 12% 20% 26% 13% 10%
1,445 716 5,994 10,346 -3,789 10,898 1,524 -2,884 180 1,300 1,569 -6,005
Interest 3,968 4,337 4,848 4,221 5,072 5,455 7,660 7,533 7,607 5,462 6,299 7,508
Depreciation 5,575 5,841 5,944 5,306 5,673 5,742 7,342 8,441 9,234 9,101 9,335 9,882
Profit before tax -4,133 6,722 -1,388 193 -1,391 21,135 15,841 -1,395 13,844 50,227 18,235 -1,147
Tax % -78% 45% -185% 358% -200% 16% 42% 184% 41% 17% 56% -328%
-7,272 3,665 -3,939 -497 -4,169 17,743 9,122 1,174 8,190 41,749 8,075 -4,910
EPS in Rs -6.26 3.19 -3.48 -0.34 -3.76 11.93 9.07 1.38 6.26 32.88 7.17 -3.55
Dividend Payout % -11% 27% -20% -203% -23% 9% 15% 74% 40% 16% 50% -101%
Compounded Sales Growth
10 Years: 4%
5 Years: 8%
3 Years: 14%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -127%
Stock Price CAGR
10 Years: 14%
5 Years: 31%
3 Years: 17%
1 Year: 60%
Return on Equity
10 Years: 9%
5 Years: 12%
3 Years: 15%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 971 971 971 970 970 1,145 1,145 1,145 1,198 1,221 1,221 1,247
Reserves 33,201 39,561 30,378 42,762 36,849 59,726 67,780 72,431 73,041 113,222 101,861 90,788
Preference Capital 21 20 0 0 0 20 13 0 0 0 0
68,507 81,609 80,701 81,987 83,014 92,127 100,803 116,328 88,501 75,561 84,893 87,082
44,197 49,463 47,059 51,165 51,614 55,724 63,045 59,245 81,169 92,417 97,421 94,306
Total Liabilities 146,876 171,604 159,109 176,884 172,447 208,722 232,773 249,149 243,909 282,422 285,396 273,424
68,002 74,907 68,100 72,200 92,007 96,105 124,442 134,551 135,775 133,288 146,621 149,800
CWIP 14,277 26,822 28,678 35,996 15,784 16,614 18,641 19,497 19,007 22,046 31,213 33,370
Investments 3,258 5,093 3,455 10,714 12,457 17,899 5,738 6,285 10,682 13,140 8,410 6,258
61,340 64,781 58,876 57,974 52,200 78,103 83,952 88,816 78,445 113,948 99,151 83,996
Total Assets 146,876 171,604 159,109 176,884 172,447 208,722 232,773 249,149 243,909 282,422 285,396 273,424

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14,035 13,146 11,880 11,455 10,824 8,023 25,336 20,169 44,327 44,381 21,683 20,301
-13,099 -15,378 -9,021 -8,794 -9,490 -11,730 -29,176 -14,012 -9,437 -10,905 -18,179 -14,251
-1,780 1,015 -2,617 -4,729 -2,579 6,640 -673 -1,695 -37,090 -23,401 -6,981 -11,097
Net Cash Flow -844 -1,218 241 -2,068 -1,245 2,933 -4,513 4,462 -2,200 10,075 -3,477 -5,048

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 39 35 43 38 37 27 21 22 18 12 10
Inventory Days 145 156 165 180 230 224 190 197 213 213 175 176
Days Payable 117 133 126 167 172 161 130 136 166 161 122 127
Cash Conversion Cycle 67 62 74 56 96 99 87 82 69 71 66 59
Working Capital Days 5 -3 19 10 27 16 7 12 -33 4 0 -9
ROCE % -1% 10% 1% 1% 6% 12% 14% 6% 12% 31% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.41% 34.41% 33.92% 33.92% 33.92% 33.92% 33.90% 33.90% 33.90% 33.90% 33.70% 33.19%
21.94% 22.38% 21.36% 22.87% 21.95% 21.52% 21.87% 20.62% 20.28% 20.31% 20.01% 19.61%
19.28% 18.28% 18.11% 20.41% 19.01% 18.17% 19.62% 20.68% 20.96% 22.20% 23.15% 23.51%
0.10% 0.10% 0.10% 0.10% 0.10% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16%
24.27% 24.83% 26.51% 22.70% 25.02% 26.23% 24.45% 24.63% 24.70% 23.43% 22.99% 23.52%
No. of Shareholders 10,22,48212,30,36716,91,27815,87,31520,47,66133,71,41733,35,26536,44,09036,92,75038,04,72839,92,60947,17,442

* 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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