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 ₹ 1,56,130 Cr.
- Current Price ₹ 128
- High / Low ₹ 135 / 102
- Stock P/E 2,571
- Book Value ₹ 73.0
- Dividend Yield 2.82 %
- ROCE 12.6 %
- ROE 7.28 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 35.2%
Cons
- Company has low interest coverage ratio.
* 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 | 235,217 | |
120,483 | 130,746 | 132,430 | 136,095 | 102,590 | 99,156 | 101,816 | 128,351 | 122,354 | 125,790 | 180,469 | 211,053 | 214,779 | |
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 | 20,437 |
OPM % | 9% | 3% | 11% | 2% | -1% | 12% | 17% | 19% | 12% | 20% | 26% | 13% | 9% |
4,935 | 1,445 | 716 | 5,994 | 10,346 | -3,789 | 10,898 | 1,524 | -2,884 | 180 | 1,300 | 1,569 | -4,609 | |
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 | 7,346 |
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 | 9,643 |
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 | -1,160 |
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 | -6,922 | |
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 | -4.98 |
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: | -100% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 19% |
3 Years: | 30% |
1 Year: | 19% |
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
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Analyst / Institutional Investor Meeting under the SEBI (LODR), Regulations, 2015
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Analyst / Institutional Investor Meeting under the SEBI (LODR), Regulations, 2015
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Change(s) in Senior Management Personnel of the Company
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 2019
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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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Financial Year 2011
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Financial Year 2010
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Concalls
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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]