Tata Steel

₹167.9 0.7 | 0.4%

WEBSITE BSE:500470 NSE : TATA STEEL 18 May, 12:50

Market Cap ₹209597 Cr.

Stock P/E -61.3

P/B 1.6

Current Price ₹167.9

Book Value ₹ 104.7

Face Value 1

52W High ₹170.7

Dividend Yield 2.14%

52W Low ₹ 104.1

Edit Ratio

Tata Steel Research see more...

Equity Research Report: Tata Steel (Q1FY24)

Equity Research Report: Tata Steel

Tata Steel plunged on the subdued report card, guidance and export duty

Overview Inc. Year: 1907Industry: Steel & Iron Products

Tata Steel Limited is an India-based steel production company. The Company is engaged in the enterprise of steel making, together with raw material and finishing operations. Its merchandise include hot-rolled (HR), cold-rolled (CR), lined coils and sheets, covered metal coils and sheets, precision tubes, tyre bead wires, spring wires, bearings, galvanized iron (gi), wires, agricultural and lawn equipment, conveyance tubes. Its segments comprises Agriculture, Automotive, Steels, Construction, Consumer Goods, Energy and Power, Engineering, Material Handling. The Company operates below these brands Tata Agrico/ Agriculture, Construction & Hand Tools, Tata Astrum, Tata Bearings, Tata Ferro Alloys and Minerals Division, Tata Steel Industrial By-products Management Division (IBMD), Tata Pipes, Tata Precision and others.

Tata Steel Share Price

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Peer Comparison

Tata Steel Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Tata Steel Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Net Sales	38199	41711	41785	38221	47993	59617	70611	60436	84133	129021	129007
Other Income	1033	854	660	392	488	883	2407	407	755	1452	3325
Total Income	39232	42565	42445	38614	48481	60500	73017	60843	84888	130473	132332
Total Expenditure	27204	28961	31854	30611	36191	43958	50049	45577	57009	77892	101305
Operating Profit	12028	13605	10592	8003	12290	16543	22968	15266	27879	52582	31027
Interest	1877	1821	1976	1848	2689	2811	2824	3031	4541	2792	3792
Depreciation	1640	1929	1998	2962	3542	3727	3803	3920	5469	5464	5435
Exceptional Income / Expenses	-675	-142	1891	-1649	-703	-3366	-114	-1704	741	-235	-779
Profit Before Tax	7837	9714	8509	1543	5357	6638	16227	6611	18610	44091	21022
Provision for Tax	2774	3301	2070	588	1912	2469	5694	-133	1532	11079	5527
Profit After Tax	5063	6412	6439	956	3445	4170	10533	6744	17078	33011	15495
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5063	6412	6439	956	3445	4170	10533	6744	17078	33011	15495
Adjusted Earnings Per Share	5	6.3	6.3	0.9	3.4	3.6	9.2	5.9	14.2	27	12.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-0%	29%	17%	13%
Operating Profit CAGR	-41%	27%	13%	10%
PAT CAGR	-53%	32%	30%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	60%	12%	28%	15%
ROE Average	12%	21%	18%	12%
ROCE Average	15%	22%	19%	14%

Tata Steel Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	55568	61425	66664	46637	49659	61515	70455	74563	94410	125434	134798
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	25841	26083	26175	26202	26969	26844	28926	33657	32320	20291	30881
Other Non-Current Liabilities	4338	4928	6255	11543	11781	11148	12524	11301	23693	22597	21676
Total Current Liabilities	16489	18882	16769	20732	23056	25607	25594	30871	30068	53665	46437
Total Liabilities	102235	111317	115864	105114	111465	125114	137498	150393	180491	221986	233791
Fixed Assets	24875	24266	25249	50088	72567	71729	71222	71233	97143	94290	91186
Other Non-Current Assets	65349	75014	78448	40073	18788	18741	49241	59150	54073	96406	108656
Total Current Assets	11505	11565	11995	14953	20110	34644	17036	19959	28891	31290	33950
Total Assets	102235	111317	115864	105114	111465	125114	137498	150393	180491	221986	233791

Tata Steel Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3875	2140	909	495	975	905	4589	545	1717	2221	2672
Cash Flow from Operating Activities	11069	12433	4852	7372	11167	11791	15193	13454	37555	41986	14227
Cash Flow from Investing Activities	-8522	-9837	-2382	-4352	-3956	-12273	-16350	-17635	-13665	-34168	-11061
Cash Flow from Financing Activities	-4282	-3826	-2957	-2540	-7280	4166	-2887	4630	-23385	-7368	-4979
Net Cash Inflow / Outflow	-1735	-1231	-487	480	-69	3684	-4044	449	504	450	-1813
Closing Cash & Cash Equivalent	2139	909	422	975	905	4589	545	994	2221	2672	859

Tata Steel Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.97	6.29	6.32	0.94	3.38	3.64	9.19	5.89	14.25	27.01	12.68
CEPS(Rs)	6.58	8.18	8.28	3.84	6.85	6.89	12.51	9.31	18.81	31.48	17.13
DPS(Rs)	0.8	1	0.8	0.8	1	1	1.3	1	2.5	5.1	3.6
Book NAV/Share(Rs)	54.02	59.8	65.23	48.63	45.03	53.59	61.43	65.23	78.53	101.93	109.74
Core EBITDA Margin(%)	25.98	27.53	21.32	17.82	22.16	25.87	29.12	24.59	32.24	39.63	21.47
EBIT Margin(%)	22.95	24.91	22.51	7.94	15.11	15.61	26.98	15.95	27.52	36.34	19.23
Pre Tax Margin(%)	18.52	20.98	18.27	3.61	10.06	10.97	22.98	10.94	22.12	34.17	16.3
PAT Margin (%)	11.96	13.85	13.82	2.24	6.47	6.89	14.92	11.16	20.3	25.59	12.01
Cash Profit Margin (%)	15.84	18.01	18.11	9.18	13.12	13.05	20.3	17.64	26.8	29.82	16.22
ROA(%)	5.1	6.01	5.67	0.86	3.18	3.52	8.02	4.68	10.32	16.4	6.8
ROE(%)	9.46	11.05	10.11	1.65	7.22	7.77	15.98	9.29	20.22	30.19	11.98
ROCE(%)	11.75	13.11	11.15	3.78	10.11	11.23	19.62	8.73	18.83	32.98	15.08
Receivable days	7.34	6.18	4.95	6.94	10.76	11.71	8.37	7.19	8.45	8.71	9.38
Inventory Days	43.63	44.4	55.05	64.88	59.53	64.11	57.58	66.35	51.14	46.4	57.63
Payable days	222.16	268.14	218.32	204.36	256.21	221.79	192.18	213.88	178.09	167.87	118.49
PER(x)	5.99	5.97	4.78	32.47	13.61	15.69	5.67	4.58	5.7	4.84	8.24
Price/Book(x)	0.55	0.63	0.46	0.63	1.02	1.07	0.85	0.41	1.03	1.28	0.95
Dividend Yield(%)	2.56	2.54	2.52	2.5	2.07	1.75	2.5	3.71	3.08	3.9	3.44
EV/Net Sales(x)	1.52	1.62	1.45	1.65	1.59	1.53	1.29	1.21	1.52	1.47	1.28
EV/Core EBITDA(x)	4.82	4.96	5.74	7.89	6.22	5.51	3.96	4.81	4.6	3.6	5.31
Net Sales Growth(%)	12.57	9.19	0.18	-8.53	25.57	24.22	18.44	-14.41	39.21	53.35	-0.01
EBIT Growth(%)	-17.56	18.74	-9.1	-67.65	137.23	17.44	101.62	-49.39	140.1	102.51	-47.07
PAT Growth(%)	-24.39	26.65	0.42	-85.16	260.44	21.05	152.62	-35.98	153.24	93.3	-53.06
EPS Growth(%)	-24.39	26.65	0.42	-85.16	260.45	7.68	152.62	-35.98	142.12	89.57	-53.06
Debt/Equity(x)	0.54	0.5	0.46	0.67	0.67	0.5	0.45	0.58	0.35	0.26	0.28
Current Ratio(x)	0.7	0.61	0.72	0.72	0.87	1.35	0.67	0.65	0.96	0.58	0.73
Quick Ratio(x)	0.38	0.29	0.24	0.38	0.43	0.92	0.23	0.3	0.53	0.21	0.28
Interest Cover(x)	5.18	6.34	5.31	1.84	2.99	3.36	6.75	3.18	5.1	16.79	6.54
Total Debt/Mcap(x)	0.98	0.79	0.99	1.07	0.65	0.44	0.51	1.35	0.34	0.2	0.3

Tata Steel Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	33.92	33.92	33.92	33.92	33.9	33.9	33.9	33.9	33.7	33.19
FII	21.36	22.87	21.95	21.52	21.87	20.62	20.28	20.3	20.01	19.61
DII	18.2	20.5	19.11	18.33	19.79	20.84	21.12	22.36	23.31	23.67
Public	25.71	22.7	24.24	25.46	23.72	23.91	23.97	22.72	22.3	22.86
Others	0.8	0	0.78	0.77	0.72	0.72	0.73	0.72	0.69	0.67
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	41.44	41.44	41.44	414.36	414.36	414.36	414.36	414.36	414.36	414.36
FII	26.1	27.94	26.81	262.82	267.31	252.05	247.87	248.15	246.03	244.75
DII	22.23	25.05	23.34	223.88	241.9	254.68	258.1	273.26	286.62	295.51
Public	31.4	27.73	29.61	311.05	290	292.27	292.94	277.61	274.28	285.37
Others	0.98	0	0.95	9.42	8.78	8.8	8.89	8.77	8.44	8.35
Total	122.15	122.15	122.15	1221.53	1222.35	1222.15	1222.15	1222.15	1229.73	1248.35

Pros

Company has delivered good profit growth of 30% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Debtor days have improved from 167.87 to 118.49days.

Cons

Promoter holding is low: 33.19%.

* 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.

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Tata Steel

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Tata Steel Research see more...

Overview Inc. Year: 1907Industry: Steel & Iron Products

Tata Steel Share Price

Alert Data

Quarterly Price

Peer Comparison

Tata Steel Quarterly Results

Tata Steel Profit & Loss

Growth Rates

Tata Steel Balance Sheet

Tata Steel Cash Flow

Tata Steel Ratios

Tata Steel Shareholding Pattern

Tata Steel News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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