Gross debt and Net debt
Net debt was lower by Rs 29,390 crore over previous year. Gross Debt at ?88,501 crore was lower by Rs 27,827 crore as compared to the previous year. Decrease in Gross Debt was mainly due to repayment / pre-payment of borrowings including lease liabilities. These decreases were partly offset by addition to leases (mainly at TSE) along with higher amortisation of loan issue expenses, primarily due to pre-payments and increase due to re-classification of SEA operations into continuing operations from held for sale. The decrease in Net Debt was in line with decrease in gross debt along with increase in current investments mainly at Tata Steel (Standalone) and at TSBSL, partly offset by decrease in cash and bank balances mainly at Tata Steel Global Holdings.
Fiscal stimulus and outlook
Steel demand is expected to be strong due to recovery in manufacturing businesses around the world and global fiscal stimulus supporting infrastructure projects. The outlook for 2021 is expected to be positive because of the unprecedented fiscal stimulus provided by the governments across Europe, the US, Japan, Korea, Russia and China. These stimulus packages are expected to spur growth in these nation?s respective infrastructure sectors, boosting steel demand. China is expected to grow by 5% in 2021 with continuation of healthy demand conditions especially in the first half of 2021. Steel demand in key emerging economies (like India, Turkey) and Europe is expected to witness double digit recovery while Asia and Middle-East are likely to grow by 5%. While it is expected that steel prices will consolidate closer to historical levels, prices are likely to remain high supported by (i) strong iron ore prices, (ii) rebound in coking coal prices, (iii) positive impact from stimulus plans, and (iv) improved business confidence from the roll-out of vaccines. Strong rebound of demand in 2021, in addition to supply-side reforms in China could lead to higher steel prices globally.
Lower demand, but higher realizations.
The turnover of TSG was at ?1,56,294 crore during FY 2020-21, an increase of 5% over the previous financial year due to increase in realisations across geographies, partly offset by marginal decline in deliveries. The EBITDA of TSG was ?30,892 crore during the FY 2020-21 as compared to ?18,103 crore in the previous year due to improvement in realisations along with lower cost and favourable exchange rate movement at other foreign entities. The impact of COVID-19 has been much more benign for the steel industry due to resurgent demand in China and better than expected post lockdown recovery globally in second half of 2020. China and Turkey were two key countries that saw an increase in finished steel demand of 9% and 13% respectively in 2020. North America and the European Union (?EU?) have experienced strong decline in steel demand owing to the COVID-19 pandemic. Both regions experienced demand decline of around 11%-16%. India also contributed to global decline, as steel consumption in India declined by 13.7% to 88.5 MnT in 2020 against 102.6 MnT in 2019.
Tata Steel Share Price
- Open172.56
- High174.95
- Low171.80
- Prev Close172.56
- Volume4,97,67,976
- VWAP(₹)173.41
Tata Steel share price insights
Intraday fact check
In the last 19 years, only 2.48 % trading sessions saw intraday gains higher than 5 % .Employee & Interest Expense
Company has spent 3.28% of its operating revenues towards interest expenses and 10.69% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)Stock Returns vs Nifty 100
Stock gave a 3 year return of 58.18% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Metal
Stock generated 58.18% return as compared to Nifty Metal which gave investors 88.76% return over 3 year time period. (as of last trading session)Tata Steel Share Price Update
Tata Steel Ltd. share price moved up by 0.93% from its previous close of Rs 172.56. Tata Steel Ltd. stock last traded price is 174.16
Share Price Value Today/Current/Last 174.16 Previous Day 172.56
Tata Steel Share Price Returns
| 1 Day | 0.93% |
| 1 Month | -0.76% |
| 3 Months | 14.05% |
| 1 Year | 57.26% |
| 3 Years | 49.46% |
| 5 Years | 241.02% |
Key Metrics
| PE Ratio(x) | -49.00 |
| EPS - TTM(₹) | -3.55 |
| MCap(₹ Cr.) | 2,15,416 |
| MCap Rank | 2 |
| PB Ratio(x) | 2.33 |
| Div Yield(%) | 2.07 |
| Face Value(₹) | 1.00 |
| 52W High(₹) | 184.60 |
| 52W Low(₹) | 110.15 |
| MCap/Sales | 0.85 |
| Beta(1 Month) | 1.55 |
| BV/Share(₹) | 74.04 |
Tata Steel Share Recommendations
27 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 5 | 5 | 6 | 6 |
| Buy | 8 | 8 | 8 | 9 |
| Hold | 8 | 8 | 7 | 6 |
| Sell | 2 | 2 | 2 | 3 |
| Strong Sell | 4 | 4 | 4 | 3 |
| # Analysts | 27 | 27 | 27 | 27 |
Tata Steel News & Analysis
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Announcements
Tata Steel Financials
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 58,863.22 55,539.77 55,910.16 60,666.48 63,131.08 Total Income Growth (%) 5.98 -0.66 -7.84 -3.90 10.07 Total Expenses 55,249.10 51,804.48 60,792.86 56,714.68 58,112.96 Total Expenses Growth (%) 6.65 -14.79 7.19 -2.41 5.19 EBIT 3,614.12 3,735.29 -4,882.70 3,951.80 5,018.12 EBIT Growth (%) -3.24 - -223.56 -21.25 137.78 Profit after Tax (PAT) 611.48 513.37 -6,196.24 633.95 1,704.86 PAT Growth (%) 19.11 - -1,077.40 -62.82 - EBIT Margin (%) 6.14 6.73 -8.73 6.51 7.95 Net Profit Margin (%) 1.04 0.92 -11.08 1.04 2.70 Basic EPS (₹) 0.49 0.42 -5.07 0.52 1.40 All figures in Rs Cr, unless mentioned otherwise
InsightsEmployee & Interest Expense
Company has spent 3.28% of its operating revenues towards interest expenses and 10.69% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Total Assets 2,73,423.50 2,88,021.74 2,85,445.60 2,45,487.21 2,50,419.45 Total Assets Growth (%) -5.07 0.90 16.28 -1.97 7.21 Total Liabilities 1,80,990.76 1,82,846.53 1,68,347.14 1,67,978.76 1,74,256.55 Total Liabilities Growth (%) -1.01 8.61 0.22 -3.60 7.37 Total Equity 92,432.74 1,05,175.21 1,17,098.46 76,733.45 73,887.90 Total Equity Growth (%) -12.12 -10.18 52.60 3.85 7.06 Current Ratio (x) 0.72 0.89 1.02 0.85 0.95 Total Debt to Equity (x) 0.89 0.76 0.60 1.10 1.59 Contingent Liabilities 46,125.93 34,871.14 33,004.72 25,723.75 26,907.88 All figures in Rs Cr, unless mentioned otherwise
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 20,300.67 21,683.08 44,380.99 44,326.68 20,168.72 Net Cash used in Investing Activities -14,251.44 -18,679.84 -10,881.23 -9,322.88 -14,530.35 Net Cash flow from Financing Activities -11,096.99 -6,980.69 -23,401.09 -37,089.67 -1,694.62 Net Cash Flow -5,049.06 -3,477.06 10,074.88 -2,200.26 4,462.04 Closing Cash & Cash Equivalent 7,080.84 12,129.90 15,606.96 5,532.08 7,732.34 Closing Cash & Cash Equivalent Growth (%) -41.62 -22.28 182.12 -28.46 159.86 Total Debt/ CFO (x) 4.02 3.60 1.55 1.82 5.62 All figures in Rs Cr, unless mentioned otherwise
InsightsDecrease in Cash from Investing
Company has used Rs 14251.44 cr for investing activities which is an YoY decrease of 23.71%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) -4.82 8.49 35.08 10.19 2.18 Return on Capital Employed (%) 8.13 12.58 28.31 12.69 5.79 Return on Assets (%) -1.62 3.04 14.06 3.05 0.62 Interest Coverage Ratio (x) 3.21 5.29 11.77 4.13 1.44 Asset Turnover Ratio (x) 0.82 0.85 0.92 0.39 59.48 Price to Earnings (x) -43.86 14.58 3.98 12.99 19.88 Price to Book (x) 2.11 1.24 1.39 1.32 0.43 EV/EBITDA (x) 11.10 5.83 3.35 5.59 7.06 EBITDA Margin (%) 10.52 13.69 26.34 20.06 13.19
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y Tata Steel Stock Performance 0.93 4.16 7.57 10.75 59.93 58.18 261.25 JSW Steel Stock Performance 2.61 7.11 13.01 13.63 26.01 35.15 259.43 JSPL Stock Performance 0.03 1.87 13.68 24.83 99.90 163.38 566.04 SAIL Stock Performance -0.76 -9.85 -6.64 2.83 72.35 14.81 195.82 Shyam Metalics Stock Performance -1.60 7.79 15.91 2.66 106.52 0.00 0.00 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 58.18% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Metal
Stock generated 58.18% return as compared to Nifty Metal which gave investors 88.76% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 31 May 2024
SBI Balanced Advantage Direct-G
Hybrid: Dynamic Asset Allocation
760.04
Amount Invested (in Cr.)
2.53%
% of AUM
0.00
% Change (MoM basis)
557.54
Amount Invested (in Cr.)
1.83%
% of AUM
0.00
% Change (MoM basis)
447.06
Amount Invested (in Cr.)
0.79%
% of AUM
0.00
% Change (MoM basis)
Tata Steel Futures & Options
Corporate Actions
Final
360%
May 29, 2024
Board Meeting
Audited Results, Final Dividend & Others
May 27, 2024
Board Meeting
Others
Mar 15, 2024
Announced on Meeting on May 27, 2024 May 29, 2024 Audited Results, Final Dividend & Others Mar 15, 2024 Mar 19, 2024 Others Jan 16, 2024 Jan 24, 2024 Quarterly Results Oct 25, 2023 Nov 01, 2023 Quarterly Results Jul 14, 2023 Jul 24, 2023 Quarterly Results Announced on Ex-Date Dividend% May 29, 2024 Jun 21, 2024 360% May 02, 2023 Jun 22, 2023 360% May 04, 2022 Jun 15, 2022 510% May 05, 2021 Jun 17, 2021 250% Jul 07, 2020 Aug 06, 2020 100% Announced on Ex-Date Jun 07, 2004 Aug 11, 2004 Bonus Ratio: 1 share(s) for every 2 shares held Sep 11, 1987 - Bonus Ratio: 2 share(s) for every 5 shares held Sep 11, 1981 - Bonus Ratio: 2 share(s) for every 5 shares held - Bonus Ratio: 2 share(s) for every 5 shares held - Bonus Ratio: 1 share(s) for every 5 shares held Announced on Ex-Date May 03, 2022 Jul 28, 2022 Split: Old FV10.0| New FV:1.0 Jan 03, 1996 - Split: Old FV100.0| New FV:10.0 Announced on Ex-Date Dec 20, 2017 Jan 31, 2018 Rights ratio: 2 share for every 25 held at a price of Rs 615.0 Dec 19, 2017 Jan 31, 2018 Rights ratio: 4 share for every 25 held at a price of Rs 510.0 Apr 17, 2007 Oct 29, 2007 Rights ratio: 1 share for every 5 held at a price of Rs 300.0 Mar 30, 1992 Apr 20, 1992 Rights ratio: 2 share for every 5 held at a price of Rs 80.0 Announced on Meeting on Feb 01, 2024 Mar 05, 2024 - Jan 05, 2024 Feb 09, 2024 - Dec 22, 2023 Jan 25, 2024 - Aug 17, 2023 Sep 18, 2023 - Aug 14, 2023 Sep 13, 2023 -
About
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 215,415.82 Crore) operating in Metals - Ferrous sector.
Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2023.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 58,863.22 Crore, up 5.98 % from last quarter Total Income of Rs 55,539.77 Crore and down 6.76 % from last year same quarter Total Income of Rs 63,131.08 Crore. Company has reported net profit after tax of Rs 517.56 Crore in latest quarter.
The company’s top management includes Mr.Ratan N Tata, Mr.N Chandrasekaran, Mr.Noel Naval Tata, Mr.T V Narendran, Mr.Koushik Chatterjee, Mr.Saurabh Agrawal, Ms.Bharti Gupta Ramola, Mr.Deepak Kapoor, Mr.Farida Khambata, Mr.O P Bhatt, Mr.Shekhar Mande, Mr.V K Sharma, Mr.K Parvatheesam. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditors. As on 31-03-2024, the company has a total of 1,248.35 Crore shares outstanding.
About Tata Steel
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 215,415.82 Crore) operating in Metals - Ferrous sector. Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2023.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 58,863.22 Crore, up 5.98 % from last quarter Total Income of Rs 55,539.77 Crore and down 6.76 % from last year same quarter Total Income of Rs 63,131.08 Crore. Company has reported net profit after tax of Rs 517.56 Crore in latest quarter.The company’s top management includes Mr.Ratan N Tata, Mr.N Chandrasekaran, Mr.Noel Naval Tata, Mr.T V Narendran, Mr.Koushik Chatterjee, Mr.Saurabh Agrawal, Ms.Bharti Gupta Ramola, Mr.Deepak Kapoor, Mr.Farida Khambata, Mr.O P Bhatt, Mr.Shekhar Mande, Mr.V K Sharma, Mr.K Parvatheesam. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditors. As on 31-03-2024, the company has a total of 1,248.35 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty 50, BSE Sensex, Nifty 100, Nifty 200, Nifty 500
Address
Bombay House,24, Homi Mody Street,Fort,Mumbai, Maharashtra - 400001
Executive Leadership
Ratan N Tata
Chairman EmeritusN Chandrasekaran
Chairman & Non-Exe.DirectorNoel Naval Tata
Non Executive Vice ChairmanT V Narendran
Managing Director & CEOAuditors
Brands
FAQs about Tata Steel share
- 1. What is Tata Steel share price and what are the returns for Tata Steel share?Tata Steel share price was Rs 174.16 as on 27 Jun, 2024, 04:05 PM IST. Tata Steel share price was up by 0.93% based on previous share price of Rs. 172.56. In last 1 Month, Tata Steel share price moved down by 0.76%.
- 2. What is 52 week high/low of Tata Steel share price?Tata Steel share price saw a 52 week high of Rs 184.60 and 52 week low of Rs 110.15.
- 3. Who's the chairman of Tata Steel?Ratan N Tata is the Chairman Emeritus of Tata Steel
- 4. Is Tata Steel giving dividend?An equity Final dividend of Rs 3.6 per share was declared by Tata Steel Ltd. on 29 May 2024. So, company has declared a dividend of 360% on face value of Rs 1 per share. The ex dividend date was 21 Jun 2024.
- 5. What is the CAGR of Tata Steel?The CAGR of Tata Steel is 10.01.
- 6. What is the market cap of Tata Steel?Within the Metals - Ferrous sector, Tata Steel stock has a market cap rank of 2. Tata Steel has a market cap of Rs 2,15,416 Cr.
- 7. Who are the key owners of Tata Steel stock?Following are the key changes to Tata Steel shareholding:
- Promoter holding have gone down from 33.9 (30 Jun 2023) to 33.19 (31 Mar 2024)
- Domestic Institutional Investors holding has gone up from 20.77 (30 Jun 2023) to 23.45 (31 Mar 2024)
- Foreign Institutional Investors holding have gone down from 20.28 (30 Jun 2023) to 19.61 (31 Mar 2024)
- Other investor holding have gone down from 25.04 (30 Jun 2023) to 23.75 (31 Mar 2024)
- 8. Who are peers to compare Tata Steel share price?Within Metals - Ferrous sector Tata Steel, JSW Steel Ltd., Jindal Steel & Power Ltd., Steel Authority of India (SAIL) Ltd., Shyam Metalics and Energy Ltd., Technocraft Industries (India) Ltd., Prakash Industries Ltd., Steel Exchange India Ltd., Manaksia Steels Ltd., Visa Steel Ltd. and Incredible Industries Ltd. are usually compared together by investors for analysis.
- 9. Who is the CEO of Tata Steel?T V Narendran is the Managing Director & CEO of Tata Steel
- 10. What are the returns for Tata Steel share?Return Performance of Tata Steel Shares:
- 1 Week: Tata Steel share price moved down by 4.45%
- 1 Month: Tata Steel share price moved down by 0.76%
- 3 Month: Tata Steel share price moved up by 14.05%
- 6 Month: Tata Steel share price moved up by 26.94%
- 11. What are the Tata Steel quarterly results?Total Revenue and Earning for Tata Steel for the year ending 2024-03-31 was Rs 230979.63 Cr and Rs -4437.44 Cr on Consolidated basis. Last Quarter 2024-03-31, Tata Steel reported an income of Rs 58863.22 Cr and profit of Rs 611.48 Cr.
- 12. What are the key metrics to analyse Tata Steel Share Price?Tata Steel share can be quickly analyzed on following metrics:
- Stock's PE is -49.00
- Price to Book Ratio of 2.33
- 13. What is the PE & PB ratio of Tata Steel?The PE ratio of Tata Steel stands at -49.0, while the PB ratio is 2.35.
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