Tata Steel Long Products Ltd

About [ edit ]

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

  • Market Cap 5,100 Cr.
  • Current Price 1,131
  • High / Low 1,175 / 248
  • Stock P/E 4.93
  • Book Value 575
  • Dividend Yield 0.44 %
  • 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 77.55% 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

Consolidated Figures in Rs. Crores / View Standalone

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 -43.65 -24.88 -29.54 -29.12 13.10 67.49 75.36 73.53

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 TTM
796 777 790 574 557 800 992 3,490 4,750 5,784
676 632 690 549 496 617 847 3,337 3,651 4,173
Operating Profit 120 145 99 24 62 183 145 153 1,098 1,611
OPM % 15% 19% 13% 4% 11% 23% 15% 4% 23% 28%
Other Income 32 35 56 37 37 43 58 -79 78 106
Interest 8 13 5 5 2 3 3 293 235 197
Depreciation 18 18 13 13 13 12 12 311 327 331
Profit before tax 126 150 137 43 84 210 188 -530 615 1,189
Tax % 32% 32% 33% 26% 30% 33% 34% 3% 7%
Net Profit 85 101 92 32 59 141 124 -516 572 1,035
EPS in Rs 17.64 20.91 19.00 6.60 12.14 29.11 25.70 -114.46 126.83 229.48
Dividend Payout % 14% 15% 17% 48% 29% 22% 15% 0% 4%
Compounded Sales Growth
10 Years:%
5 Years:53%
3 Years:81%
TTM:68%
Compounded Profit Growth
10 Years:%
5 Years:78%
3 Years:59%
TTM:339%
Stock Price CAGR
10 Years:16%
5 Years:19%
3 Years:14%
1 Year:341%
Return on Equity
10 Years:%
5 Years:8%
3 Years:7%
Last Year:25%

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
15 15 15 15 15 15 15 45 45
Reserves 624 707 780 811 850 971 1,068 1,972 2,549
Borrowings 0 0 0 0 0 0 0 2,755 1,424
175 207 178 161 181 228 241 1,405 1,890
Total Liabilities 815 929 973 987 1,046 1,214 1,324 6,177 5,909
162 150 148 164 155 149 220 4,615 4,342
CWIP 16 16 20 9 6 6 7 37 24
Investments 128 204 208 285 263 200 244 18 21
510 558 597 529 622 860 853 1,507 1,522
Total Assets 815 929 973 987 1,046 1,214 1,324 6,177 5,909

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
112 101 -16 77 22 41 100 -336 1,690
-90 -89 16 -58 51 -213 -12 -3,574 91
-13 -12 -18 -18 -18 -20 -37 3,805 -1,559
Net Cash Flow 9 -1 -18 0 55 -192 51 -105 221

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
ROCE % 24% 19% 6% 10% 23% 18% -3% 19%
Debtor Days 9 12 4 19 23 27 29 16 6
Inventory Turnover 9.07 6.83 6.08 9.18 7.47 7.12 5.08 2.97

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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