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 ₹ 1,94,365 Cr.
- Current Price ₹ 156
- High / Low ₹ 160 / 103
- Stock P/E 100
- Book Value ₹ 72.5
- Dividend Yield 2.31 %
- ROCE 12.6 %
- ROE 7.28 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 35.2%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
132,900 | 134,712 | 148,614 | 139,504 | 101,965 | 112,299 | 123,249 | 157,669 | 139,817 | 156,294 | 243,959 | 243,353 | 233,445 | |
120,483 | 130,746 | 132,430 | 136,095 | 102,590 | 99,156 | 101,816 | 128,351 | 122,354 | 125,790 | 180,469 | 211,053 | 210,792 | |
Operating Profit | 12,417 | 3,965 | 16,184 | 3,409 | -625 | 13,144 | 21,433 | 29,318 | 17,463 | 30,504 | 63,490 | 32,300 | 22,653 |
OPM % | 9% | 3% | 11% | 2% | -1% | 12% | 17% | 19% | 12% | 20% | 26% | 13% | 10% |
4,935 | 1,445 | 716 | 5,994 | 10,346 | -3,789 | 10,898 | 1,524 | -2,884 | 180 | 1,300 | 1,569 | -5,133 | |
Interest | 4,250 | 3,968 | 4,337 | 4,848 | 4,221 | 5,072 | 5,455 | 7,660 | 7,533 | 7,607 | 5,462 | 6,299 | 7,459 |
Depreciation | 4,517 | 5,575 | 5,841 | 5,944 | 5,306 | 5,673 | 5,742 | 7,342 | 8,441 | 9,234 | 9,101 | 9,335 | 9,696 |
Profit before tax | 8,585 | -4,133 | 6,722 | -1,388 | 193 | -1,391 | 21,135 | 15,841 | -1,395 | 13,844 | 50,227 | 18,235 | 365 |
Tax % | 42% | -78% | 45% | -185% | 358% | -200% | 16% | 42% | 184% | 41% | 17% | 56% | |
5,217 | -7,272 | 3,665 | -3,939 | -497 | -4,169 | 17,743 | 9,122 | 1,174 | 8,190 | 41,749 | 8,075 | -3,898 | |
EPS in Rs | 4.78 | -6.26 | 3.19 | -3.48 | -0.34 | -3.76 | 11.93 | 9.07 | 1.38 | 6.26 | 32.88 | 7.17 | -2.74 |
Dividend Payout % | 22% | -11% | 27% | -20% | -203% | -23% | 9% | 15% | 74% | 40% | 16% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 15% |
3 Years: | 20% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 3% |
3 Years: | 146% |
TTM: | -89% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 25% |
3 Years: | 27% |
1 Year: | 50% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 15% |
3 Years: | 20% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 970 | 970 | 1,145 | 1,145 | 1,145 | 1,198 | 1,221 | 1,221 | 1,221 |
Reserves | 41,645 | 33,201 | 39,561 | 30,378 | 42,762 | 36,849 | 59,726 | 67,780 | 72,431 | 73,041 | 113,222 | 101,861 | 87,976 |
Preference Capital | 22 | 21 | 20 | 0 | 0 | 0 | 20 | 13 | 0 | 0 | 0 | 0 | |
59,897 | 68,507 | 81,609 | 80,701 | 81,987 | 83,014 | 92,127 | 100,803 | 116,328 | 88,501 | 75,561 | 84,893 | 89,723 | |
44,278 | 44,197 | 49,463 | 47,059 | 51,165 | 51,614 | 55,724 | 63,045 | 59,245 | 81,169 | 92,417 | 97,421 | 92,894 | |
Total Liabilities | 146,791 | 146,876 | 171,604 | 159,109 | 176,884 | 172,447 | 208,722 | 232,773 | 249,149 | 243,909 | 282,422 | 285,396 | 271,814 |
59,287 | 68,002 | 74,907 | 68,100 | 72,200 | 92,007 | 96,105 | 124,442 | 134,551 | 135,775 | 133,288 | 146,621 | 141,929 | |
CWIP | 20,196 | 14,277 | 26,822 | 28,678 | 35,996 | 15,784 | 16,614 | 18,641 | 19,497 | 19,007 | 22,046 | 31,213 | 35,761 |
Investments | 4,021 | 3,258 | 5,093 | 3,455 | 10,714 | 12,457 | 17,899 | 5,738 | 6,285 | 10,682 | 13,140 | 8,410 | 7,693 |
63,286 | 61,340 | 64,781 | 58,876 | 57,974 | 52,200 | 78,103 | 83,952 | 88,816 | 78,445 | 113,948 | 99,151 | 86,432 | |
Total Assets | 146,791 | 146,876 | 171,604 | 159,109 | 176,884 | 172,447 | 208,722 | 232,773 | 249,149 | 243,909 | 282,422 | 285,396 | 271,814 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12,018 | 14,035 | 13,146 | 11,880 | 11,455 | 10,824 | 8,023 | 25,336 | 20,169 | 44,327 | 44,381 | 21,683 | |
-3,705 | -13,099 | -15,378 | -9,021 | -8,794 | -9,490 | -11,730 | -29,176 | -14,012 | -9,437 | -10,905 | -18,179 | |
-8,462 | -1,780 | 1,015 | -2,617 | -4,729 | -2,579 | 6,640 | -673 | -1,695 | -37,090 | -23,401 | -6,981 | |
Net Cash Flow | -149 | -844 | -1,218 | 241 | -2,068 | -1,245 | 2,933 | -4,513 | 4,462 | -2,200 | 10,075 | -3,477 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 41 | 38 | 39 | 35 | 43 | 38 | 37 | 27 | 21 | 22 | 18 | 12 |
Inventory Days | 142 | 145 | 156 | 165 | 180 | 230 | 224 | 190 | 197 | 213 | 213 | 175 |
Days Payable | 137 | 117 | 133 | 126 | 167 | 172 | 161 | 130 | 136 | 166 | 161 | 122 |
Cash Conversion Cycle | 46 | 67 | 62 | 74 | 56 | 96 | 99 | 87 | 82 | 69 | 71 | 66 |
Working Capital Days | 5 | 5 | -3 | 19 | 10 | 27 | 16 | 7 | 12 | -33 | 4 | 0 |
ROCE % | 9% | -1% | 10% | 1% | 1% | 6% | 12% | 14% | 6% | 12% | 31% | 13% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 3h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 6h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Allotment
1d - Allotment of Non-Convertible Debentures (NCDs) on Private Placement basis amounting to Rs. 2,700 crore.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jan 2024TranscriptNotesPPT
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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.