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 ₹ 1,98,488 Cr.
- Current Price ₹ 159
- High / Low ₹ 170 / 123
- Stock P/E 59.8
- Book Value ₹ 73.0
- Dividend Yield 2.26 %
- ROCE 8.83 %
- ROE 3.62 %
- 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 5.92% 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
148,614 | 139,504 | 101,965 | 112,299 | 123,249 | 157,669 | 139,817 | 156,294 | 243,959 | 243,353 | 229,171 | 218,543 | |
132,430 | 136,095 | 102,590 | 99,156 | 101,816 | 128,351 | 122,354 | 125,790 | 180,469 | 211,053 | 206,923 | 193,244 | |
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 |
OPM % | 11% | 2% | -1% | 12% | 17% | 19% | 12% | 20% | 26% | 13% | 10% | 12% |
716 | 5,994 | 10,346 | -3,789 | 10,898 | 1,524 | -2,884 | 180 | 1,300 | 1,569 | -6,005 | 877 | |
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 |
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 |
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 |
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 | |
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 |
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: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 49% |
3 Years: | -56% |
TTM: | -48% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 36% |
3 Years: | 22% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | 10% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 971 | 971 | 970 | 970 | 1,145 | 1,145 | 1,145 | 1,198 | 1,221 | 1,221 | 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 |
81,629 | 80,701 | 81,987 | 83,014 | 92,147 | 100,816 | 116,328 | 88,501 | 75,561 | 84,893 | 87,082 | 94,801 | |
49,443 | 47,059 | 51,165 | 51,614 | 55,704 | 63,032 | 59,245 | 81,169 | 92,417 | 97,421 | 90,195 | 89,488 | |
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 |
74,907 | 68,100 | 72,200 | 92,007 | 96,105 | 124,442 | 134,551 | 135,775 | 133,288 | 146,621 | 148,814 | 150,914 | |
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 |
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 |
64,781 | 58,876 | 57,974 | 52,200 | 78,103 | 83,952 | 88,816 | 78,445 | 113,948 | 99,151 | 79,885 | 76,728 | |
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 |
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 | -3 | 19 | 10 | 27 | 16 | 7 | 12 | -33 | 4 | -0 | -10 | -14 |
ROCE % | 10% | 1% | 1% | 6% | 12% | 14% | 6% | 12% | 31% | 13% | 7% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Tata Steel begins £1.25bn EAF project at Port Talbot, cutting emissions 90%, securing 5,000 jobs.
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Announcement under Regulation 30 (LODR)-Acquisition
10 Jul - Tata Steel acquires USD 125.25 million equity in wholly owned subsidiary T Steel Holdings.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Jul - Tata Steel reports 1QFY26 production and deliveries; maintenance shutdowns impacted volumes; growth in high-end products and e-commerce.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2025
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
4 Jul - Tata Steel faces ₹1902 crore demand over mineral dispatch shortfall; plans legal challenge.
Annual reports
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Financial Year 2025
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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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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Concalls
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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.