Tata Steel Long Products Ltd

About

Tata Steel Long Products is engaged in the Business of Manufacture of basic iron & steel.

  • Market Cap 3,902 Cr.
  • Current Price 865
  • High / Low 1,175 / 302
  • Stock P/E 3.77
  • Book Value 575
  • Dividend Yield 0.58 %
  • ROCE 19.2 %
  • ROE 24.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 77.60% CAGR over last 5 years

Cons

  • Company has a low return on equity of 6.88% for last 3 years.

Peer comparison

Sector: Steel Industry: Steel - Sponge Iron

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
216 261 254 705 778 999 1,008 653 1,186 1,364 1,547 1,688
186 230 230 680 820 964 872 646 1,002 955 1,049 1,167
Operating Profit 30 30 24 24 -42 35 136 7 184 410 498 520
OPM % 14% 12% 10% 3% -5% 3% 14% 1% 15% 30% 32% 31%
Other Income 15 16 15 22 3 9 -115 11 16 36 15 39
Interest 0 2 0 68 80 73 72 69 63 57 46 31
Depreciation 3 3 3 67 78 83 82 80 79 85 84 84
Profit before tax 41 41 36 -89 -197 -112 -132 -130 58 304 383 444
Tax % 33% 35% 32% 17% 0% -0% -1% -1% -2% -0% 11% 25%
Net Profit 28 27 24 -74 -197 -112 -133 -131 59 304 340 332
EPS in Rs 5.71 5.54 5.04 -16.39 -43.66 -24.88 -29.55 -29.12 13.09 67.49 75.35 73.53

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
514 671 619 796 777 790 574 557 800 992 3,490 4,750 5,784
390 516 506 676 632 690 549 496 617 847 3,335 3,642 4,173
Operating Profit 124 155 113 120 145 99 24 62 183 145 155 1,108 1,611
OPM % 24% 23% 18% 15% 19% 13% 4% 11% 23% 15% 4% 23% 28%
Other Income 22 14 23 32 35 55 37 37 43 58 -82 69 106
Interest 0 0 6 8 13 5 5 2 3 3 293 235 197
Depreciation 19 19 18 18 18 13 13 13 12 12 311 327 331
Profit before tax 126 150 112 126 150 136 43 83 210 188 -530 615 1,189
Tax % 33% 33% 32% 32% 32% 33% 26% 30% 33% 34% 3% 7%
Net Profit 85 101 76 85 101 92 32 59 141 124 -516 572 1,035
EPS in Rs 17.46 20.94 15.64 17.65 20.90 18.99 6.59 12.14 29.10 25.69 -114.47 126.82 229.46
Dividend Payout % 15% 12% 16% 14% 15% 17% 48% 29% 22% 15% 0% 4%
Compounded Sales Growth
10 Years:22%
5 Years:53%
3 Years:81%
TTM:68%
Compounded Profit Growth
10 Years:19%
5 Years:78%
3 Years:59%
TTM:339%
Stock Price CAGR
10 Years:13%
5 Years:11%
3 Years:5%
1 Year:176%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:7%
Last Year:25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
15 15 15 15 15 15 15 15 15 15 45 45
Reserves 405 492 553 624 707 780 811 849 971 1,068 1,972 2,549
Borrowings 0 0 0 0 0 0 0 0 0 0 2,755 1,424
123 132 163 175 207 178 161 181 228 241 1,405 1,890
Total Liabilities 544 639 731 815 929 973 987 1,046 1,214 1,324 6,176 5,908
206 189 174 162 150 148 164 155 149 220 4,615 4,342
CWIP 122 12 16 16 16 20 9 6 6 7 37 24
Investments 1 34 25 128 205 208 285 263 200 244 17 21
215 404 516 510 558 597 529 622 860 853 1,507 1,522
Total Assets 544 639 731 815 929 973 987 1,046 1,214 1,324 6,176 5,908

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
85 142 66 112 101 -16 77 22 41 100 -336 1,690
-94 -32 -173 -90 -89 16 -58 51 -213 -12 -3,574 91
-12 -12 -12 -13 -12 -18 -18 -18 -20 -37 3,805 -1,559
Net Cash Flow -21 97 -119 9 -1 -18 0 55 -192 51 -105 221

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 27 12 16 9 12 4 19 23 27 29 16 6
Inventory Days 77 52 74 36 41 68 28 48 62 59 133 133
Days Payable 27 21 39 31 36 29 35 51 49 39 136 200
Cash Conversion Cycle 77 43 52 14 17 43 12 20 39 50 14 -62
Working Capital Days 32 3 3 -16 -33 0 -38 -31 -12 6 -23 -49
ROCE % 33% 32% 22% 22% 24% 19% 6% 10% 23% 18% -3% 19%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
54.50 54.50 54.50 54.50 75.91 75.91 75.91 75.91 75.91 74.91 74.91 74.91
5.19 4.64 3.46 3.32 1.65 1.37 0.93 0.85 0.45 0.32 0.42 0.51
0.93 2.59 2.71 2.46 4.96 5.11 5.43 4.96 4.95 5.08 5.54 6.16
39.37 38.26 39.33 39.72 17.48 17.61 17.73 18.28 18.68 19.69 19.12 18.42

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