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Tata Steel Long Prod

₹829.5 0 | 0%

Market Cap ₹3741 Cr.

Stock P/E -1.9

P/B 13.6

Current Price ₹829.5

Book Value ₹ 61.1

Face Value 10

52W High ₹861.3

Dividend Yield 0%

52W Low ₹ 620.1

Tata Steel Long Prod Research see more...

Overview Inc. Year: 1982Industry: Steel/Sponge Iron/Pig Iron

Tata Steel Long Products Ltd is an primarily India based speciality metal manufacturer. The Company manufactures high-alloy steel for diverse industrial uses, which includes, construction, automotive and infrastructure, general engineering, railways and agriculture segments. Its product variety includes high-end metallic products for segments, like forgings, bearings, fasteners and free cutting. It is engaged in metallic manufacturing from mining and processing iron ore to generating and dispensing steel-based long products. The Company also has sponge iron production facility and power plant producing power from waste heat and thermal coal. Its products and solutions include metallic, sponge iron and wire rods. Its metal manufacturing facility is positioned in Gamharia, Jharkhand, which contains a pellet plant, sinter plant, oxygen plant, lime kiln plant, coke oven, sponge iron plant together with about five kilns, 2 blast furnaces and a metal melting store.

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Tata Steel Long Prod Share Price

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Tata Steel Long Prod Quarterly Results

#(Fig in Cr.) Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Net Sales 653 1186 1364 1547 1688 1869 2113 3016 3568 2948
Other Income 11 16 36 15 39 52 35 57 64 58
Total Income 664 1202 1400 1562 1727 1921 2148 3072 3632 3005
Total Expenditure 646 1002 955 1049 1167 2124 2485 3058 3407 2854
Operating Profit 19 199 445 513 559 -203 -337 15 225 152
Interest 69 63 57 46 31 345 350 351 356 368
Depreciation 80 79 85 84 84 227 204 199 198 221
Exceptional Income / Expenses 0 0 0 0 0 0 -2 -0 -0 0
Profit Before Tax -130 58 304 383 444 -775 -893 -535 -329 -437
Provision for Tax 1 -1 -0 43 112 -113 -106 -11 -75 24
Profit After Tax -131 59 304 340 332 -662 -787 -524 -254 -460
Adjustments 0 0 0 0 0 16 18 22 15 22
Profit After Adjustments -131 59 304 340 332 -646 -770 -502 -239 -438
Adjusted Earnings Per Share -29.1 13.1 67.5 75.4 73.5 -143.3 -170.6 -111.2 -53 -97.1

Tata Steel Long Prod Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 TTM
Net Sales 796 782 790 574 557 800 992 3490 4750 8992 11645
Other Income 32 37 56 38 37 43 58 81 78 304 214
Total Income 827 819 845 611 594 843 1050 3571 4828 9296 11857
Total Expenditure 676 638 691 550 496 617 847 3337 3651 9729 11804
Operating Profit 152 181 155 62 99 226 202 235 1177 -433 55
Interest 8 13 5 5 2 3 3 293 235 1387 1425
Depreciation 18 18 13 13 13 12 12 311 327 716 822
Exceptional Income / Expenses 0 0 0 0 0 0 0 -161 0 -2 -2
Profit Before Tax 126 150 137 43 84 210 188 -530 615 -2538 -2194
Provision for Tax 40 49 45 11 25 69 63 -14 43 -234 -168
Profit After Tax 85 101 92 32 59 141 124 -516 572 -2304 -2025
Adjustments 0 0 0 0 0 0 0 0 0 55 77
Profit After Adjustments 85 101 92 32 59 141 124 -516 572 -2248 -1949
Adjusted Earnings Per Share 47.3 56.1 50.9 17.7 32.6 78.1 68.9 -114.5 126.8 -498.6 -431.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 89% 109% 74% 0%
Operating Profit CAGR -137% NAN% NAN% 0%
PAT CAGR -503% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 26% -8% 7% 6%
ROE Average -130% -46% -22% -6%
ROCE Average -12% -0% 8% 12%

Tata Steel Long Prod Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023
Shareholder's Funds 639 723 795 826 865 987 1084 2017 2594 958
Minority's Interest 0 0 0 0 0 0 0 0 0 430
Borrowings 0 0 0 0 0 0 0 2644 1320 14668
Other Non-Current Liabilities 294 336 204 29 32 293 293 422 431 2598
Total Current Liabilities 399 490 334 133 149 374 452 1598 2069 4202
Total Liabilities 1332 1549 1334 987 1046 1653 1829 6681 6413 22856
Fixed Assets 162 150 148 164 155 149 220 4615 4342 16466
Other Non-Current Assets 446 505 392 214 220 608 671 550 372 664
Total Current Assets 725 893 794 610 672 897 938 1508 1680 5669
Total Assets 1332 1549 1334 987 1046 1653 1829 6681 6413 22856

Tata Steel Long Prod Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023
Opening Cash & Cash Equivalents 12 21 268 250 250 305 113 163 58 4559
Cash Flow from Operating Activities 112 101 -16 77 22 41 100 -336 1690 -1616
Cash Flow from Investing Activities -89 -89 16 -58 51 -213 -12 -3574 91 -2944
Cash Flow from Financing Activities -13 -12 -18 -18 -18 -20 -37 3805 -1559 137
Net Cash Inflow / Outflow 9 -1 -18 0 55 -192 51 -105 221 -4423
Closing Cash & Cash Equivalent 21 20 250 250 305 113 163 58 279 136

Tata Steel Long Prod Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023
Earnings Per Share (Rs) 47.3 56.08 50.95 17.7 32.57 78.07 68.93 -114.46 126.83 -498.55
CEPS(Rs) 57.21 65.92 58.12 24.84 39.64 84.89 75.35 -45.55 199.38 -352.12
DPS(Rs) 8 10 10 10 11 20 12.5 0 5 0
Book NAV/Share(Rs) 354.33 400.42 440.65 457.76 479.3 546.69 600.5 447.19 575.2 212.46
Core EBITDA Margin(%) 13.69 16.79 11.44 3.78 10.02 22.37 14.58 4.39 23.13 -8.2
EBIT Margin(%) 15.25 19.03 16.35 7.71 13.97 26.14 19.24 -6.8 17.88 -12.8
Pre Tax Margin(%) 14.35 17.49 15.74 6.85 13.57 25.74 18.93 -15.19 12.94 -28.23
PAT Margin (%) 9.73 11.81 10.6 5.05 9.55 17.25 12.54 -14.79 12.04 -25.62
Cash Profit Margin (%) 11.77 13.89 12.09 7.08 11.63 18.76 13.71 -5.89 18.93 -17.66
ROA(%) 6.41 7.03 6.38 2.75 5.78 10.44 7.14 -12.13 8.74 -15.74
ROE(%) 13.35 14.86 12.12 3.94 6.95 15.22 12.02 -33.3 24.81 -129.71
ROCE(%) 20.92 23.94 18.69 6.02 10.17 23.06 18.44 -8.26 19.81 -11.78
Receivable days 8.47 9.89 7.35 11.04 19.34 21.13 25.25 12.25 8.88 5.5
Inventory Days 24.41 25.67 35.83 40.59 24.16 29.76 36.68 47.7 61.85 63.91
Payable days 31.19 35.03 31.72 37.58 45.66 44 36.57 74.14 166.39 116.83
PER(x) 5.38 7.72 12.15 22.62 18.32 10.1 9.43 0 5.7 0
Price/Book(x) 0.72 1.08 1.4 0.87 1.24 1.44 1.08 0.42 1.26 2.97
Dividend Yield(%) 2.68 1.97 1.38 2.13 1.57 2.17 1.64 0 0.69 0
EV/Net Sales(x) 0.28 0.65 1.1 0.82 1.38 1.25 0.83 0.96 0.91 1.83
EV/Core EBITDA(x) 1.48 2.83 5.59 7.63 7.8 4.43 4.08 14.23 3.65 -37.95
Net Sales Growth(%) 0 -1.7 0.96 -27.38 -2.83 43.58 23.98 251.79 36.1 89.31
EBIT Growth(%) 0 21.91 -13.01 -65.61 76.2 148.35 -10.59 -224.37 457.91 -235.44
PAT Growth(%) 0 18.55 -9.15 -65.26 84.02 139.71 -11.71 -515.02 210.81 -502.76
EPS Growth(%) 0 18.55 -9.15 -65.26 84.02 139.71 -11.71 -266.06 210.81 -493.08
Debt/Equity(x) 0 0 0 0 0 0 0 1.31 0.51 15.31
Current Ratio(x) 1.82 1.82 2.37 4.59 4.5 2.4 2.07 0.94 0.81 1.35
Quick Ratio(x) 1.67 1.7 2.05 4.35 4.17 2.17 1.82 0.44 0.42 0.79
Interest Cover(x) 16.91 12.33 26.73 9.06 35.17 65.74 63.16 -0.81 3.62 -0.83
Total Debt/Mcap(x) 0 0 0 0 0 0 0 3.09 0.4 5.15

Tata Steel Long Prod Shareholding Pattern

# Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Promoter 74.91 74.91 74.91 74.91 74.91 74.91 74.91 74.91 74.91 74.91
FII 0.51 0.55 0.53 0.63 0.51 0.26 0.26 0.71 1.16 1.2
DII 6.16 5.03 5 4.78 4.79 4.72 4.69 4.69 4.68 4.91
Public 18.42 19.5 19.56 19.68 19.79 20.11 20.13 19.69 19.25 18.98
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 166.39 to 116.83days.

Cons

  • Company has a low return on equity of -46% over the last 3 years.
  • Stock is trading at 13.6 times its book value.

* 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.

Tata Steel Long Prod News

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