Tata Steel Ltd logo

Tata Steel Ltd

TATASTEEL NSE

Tata Steel Ltd is Asia's first integrated private steel company setup in 1907.[1] The company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.[2] The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.[3]

AI Verdict: HOLD Confidence: 5%

Tata Steel trades at a PE of 23x with a 3-year ROE of only 7%, reflecting cyclical earnings recovery rather than sustained profitability. The stock has delivered a strong 31% return over the past year, but weak sales CAGR of -2% over 3 years and low return ratios suggest limited margin of safety at current valuations.

Key Fundamentals

LargecapIron & SteelMetals & Mining
Market Cap
2.4L Cr
Volatility
Low Risk
P/E Ratio
21.87
EBITDA
₹35,754 Cr
Return on Equity
-5.31%
Debt to Equity
0.98
Book Value
₹80.66
EPS
₹1.6
52W High
₹224.4
52W Low
₹152.51

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 25.4%

Weaknesses

2
  • The company has delivered a poor sales growth of 8.21% over past five years.
  • Company has a low return on equity of 7.44% over last 3 years.

Growth Rate

Revenue Growth
6.12% ↘
Net Income Growth
242.99% ↗
Cash Flow Change
51.55% ↗
ROE
202.31% ↗
ROCE
38.90% ↗
EBITDA Margin (Avg.)
25.59% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

Tata Steel trades at a PE of 23x with a 3-year ROE of only 7%, reflecting cyclical earnings recovery rather than sustained profitability. The stock has delivered a strong 31% return over the past year, but weak sales CAGR of -2% over 3 years and low return ratios suggest limited margin of safety at current valuations.

Bull Case 8
  • TTM profit growth of 217% signals a strong cyclical earnings recovery from depressed base
  • Stock CAGR of 31% over 1 year outperforms broader market, showing strong momentum
  • 10-year compounded profit growth of 24% demonstrates long-term earnings compounding ability
  • Dividend yield of 1.99% with a healthy payout ratio of 25.4% provides income support
  • Market cap of Rs 2,47,823 crore reflects large-cap stability and institutional ownership
  • 10-year stock CAGR of 20% shows sustained long-term wealth creation
  • 44% of analysts rate the stock a Buy, with 15 out of 34 analysts recommending purchase
  • 5-year compounded sales growth of 8% and profit growth of 8% show baseline business expansion
Bear Case 7
  • 3-year ROE of only 7% is poor for a capital-intensive steel business, indicating weak capital efficiency
  • 3-year compounded sales CAGR of -2% reflects revenue contraction amid global steel demand weakness
  • PE of 23x is elevated for a cyclical commodity stock with volatile earnings
  • Price-to-book of 2.49x is rich given the low ROE of 7%, implying overvaluation on asset basis
  • 20.59% of analysts (7 out of 34) recommend selling, a notable bearish minority
  • 5-year sales CAGR of only 8.21% is poor for a company of this scale in a growing economy
  • Last year ROE of 12% still below 5-year average of 14%, suggesting recovery is incomplete

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 4
  • Port Talbot fire halts production Jun 6

    Fire on June 3 collapsed the pickle line (half of cold mill output), causing at least one month of production losses. Newport facility ramping to 24/7 operations to offset, targeting 20,000 tonnes/week.

  • UK green steel delayed 6-8 months Jun 7

    £1.25 billion EAF project at Port Talbot delayed from late 2027 to mid/late 2028 due to National Grid connectivity issues. UK subsidiary losing over £1 million per day during transition.

  • UBS rates Tata Steel Neutral Jun 15

    UBS initiated coverage with Neutral rating and ₹220 target price, citing limited steel price upside and European turnaround already priced in. Prefers aluminium producers Hindalco and NALCO.

  • ₹3,000 crore bond issuance planned Jun 9

    Tata Steel planning to raise ₹3,000 crore via five-year bonds after 15-month hiatus, with ₹1,000 crore bond maturing in October and over ₹15,000 crore in outstanding bonds.

Positives 3
  • ₹4 final dividend declared Jun 11

    Tata Steel declared ₹4 per share final dividend for FY26 (face value ₹1), ex-dividend date June 12, 2026, with payment scheduled on or after July 6, 2026.

  • UK EBITDA losses narrowing Jun 6

    UK subsidiary EBITDA loss improved to £217 million in FY26 from £385 million in FY25, with company guiding for EBITDA breakeven by end of FY27.

  • Sector earnings growth 12-31% CAGR Jun 15

    UBS expects metals sector earnings to grow at 12-31% CAGR between FY26 and FY28, with domestic steel demand remaining healthy and safeguard duties providing support.

Neutral 6
  • Trading window shut for Q1FY27 Jun 23

    Tata Steel closed trading window from June 24, 2026, ahead of Q1FY27 results. Window reopens 48 hours after declaration.

  • 119th AGM scheduled July 2 Jun 9

    AGM set for July 2, 2026 via video conferencing. Shareholders to vote on related party transactions worth ₹27,475 crore.

  • Block trade of ₹41.33 crore Jun 9

    Approximately 2,036,669 shares traded at ₹202.94 per share on NSE, indicating continued institutional activity in the stock.

  • Multiple investor conferences attended Jun 18

    Tata Steel scheduled meetings at IIFL London (Jun 23-24), ICICI Mumbai (Jun 8), and Bank of America India Conference (Jun 1-2).

  • BRSR filed for FY26 Jun 3

    Business Responsibility and Sustainability Report filed detailing ESG performance including Net Zero targets and penalties at Dutch subsidiary.

  • Newport operations ramped up Jun 8

    Tata Steel scaled up Newport facility operations to maintain UK steel output continuity following Port Talbot fire damage.

TL;DR: Tata Steel faces near-term operational headwinds from the Port Talbot fire (one month production loss) and a 6-8 month delay on its £1.25 billion UK green steel project due to grid connectivity issues. On the positive side, UK losses are narrowing significantly (£385M to £217M) with breakeven guided by FY27-end, and the company is returning cash to shareholders via a ₹4 dividend. UBS's Neutral rating at ₹220 target suggests limited near-term upside, with the UK turnaround trajectory being the key swing factor over the next 12-18 months.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
62,962
59,490
55,682
55,312
58,687
54,771
53,905
53,648
56,218
53,178
58,689
57,002
63,270
Expenses
55,742
54,587
51,414
49,048
52,087
48,077
47,789
47,745
49,659
45,751
49,793
48,803
53,441
Operating Profit
7,219
4,903
4,268
6,264
6,601
6,694
6,116
5,903
6,559
7,428
8,897
8,200
9,829
OPM %
11%
8%
8%
11%
11%
12%
11%
11%
12%
14%
15%
14%
16%
Other Income
277
1,190
-6,568
-33
-382
-6
617
142
149
236
-6
465
42
Interest
1,794
1,825
1,959
1,881
1,842
1,777
1,971
1,804
1,789
1,852
1,775
1,747
1,792
Depreciation
2,382
2,412
2,480
2,422
2,568
2,535
2,597
2,569
2,720
2,744
2,893
3,049
3,268
PBT
3,321
1,855
-6,739
1,928
1,809
2,377
2,164
1,672
2,200
3,067
4,222
3,869
4,810
Tax %
53%
72%
-3%
73%
69%
61%
65%
82%
45%
35%
25%
29%
38%
Net Profit
1,566
525
-6,511
522
555
919
759
295
1,201
2,007
3,183
2,730
2,965
EPS in Rs
1.39
0.52
-5.07
0.42
0.49
0.77
0.67
0.26
1.04
1.66
2.48
2.15
2.34
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,39,504
1,01,965
1,12,299
1,23,249
1,57,669
1,39,817
1,56,477
2,43,959
2,43,353
2,29,171
2,18,543
2,32,140
Expenses
1,36,095
1,02,590
99,156
1,01,816
1,28,351
1,22,354
1,25,973
1,80,469
2,11,053
2,06,923
1,93,244
1,97,788
Operating Profit
3,409
-625
13,144
21,433
29,318
17,463
30,504
63,490
32,300
22,248
25,298
34,352
OPM %
2%
-1%
12%
17%
19%
12%
19%
26%
13%
10%
12%
15%
Other Income
5,994
10,346
-3,789
10,898
1,524
-2,884
180
1,300
1,569
-6,005
877
738
Interest
4,848
4,221
5,072
5,455
7,660
7,533
7,607
5,462
6,299
7,508
7,341
7,167
Depreciation
5,944
5,306
5,673
5,742
7,342
8,441
9,234
9,101
9,335
9,882
10,421
11,955
PBT
-1,388
193
-1,391
21,135
15,841
-1,395
13,844
50,227
18,235
-1,147
8,413
15,969
Tax %
185%
358%
200%
16%
42%
-184%
41%
17%
56%
328%
62%
32%
Net Profit
-3,939
-497
-4,169
17,743
9,122
1,174
8,190
41,749
8,075
-4,910
3,174
10,886
EPS in Rs
-3.48
-0.34
-3.76
11.93
9.07
1.38
6.26
32.88
7.17
-3.55
2.74
8.65
Div. Payout %
-20%
-203%
-23%
9%
15%
74%
40%
16%
50%
-101%
131%
46%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
971
970
970
1,145
1,145
1,145
1,198
1,221
1,221
1,247
1,247
1,247
Reserves
30,378
42,762
36,849
59,726
67,780
72,431
73,041
1,13,222
1,01,861
90,788
89,922
1,00,920
Borrowings
80,701
81,987
83,014
92,147
1,00,816
1,16,328
88,501
75,561
84,893
87,082
94,801
92,382
Other Liabilities
47,059
51,165
51,614
55,704
63,032
59,245
81,169
92,417
97,421
90,195
89,488
1,01,965
Total Liabilities
1,59,109
1,76,884
1,72,447
2,08,722
2,32,773
2,49,149
2,43,909
2,82,422
2,85,396
2,69,312
2,75,459
2,96,515
Fixed Assets
68,100
72,200
92,007
96,105
1,24,442
1,34,551
1,35,775
1,33,288
1,46,621
1,48,814
1,50,914
1,79,908
CWIP
28,678
35,996
15,784
16,614
18,641
19,497
19,007
22,046
31,213
34,356
41,622
28,497
Investments
3,455
10,714
12,457
17,899
5,738
6,285
10,682
13,140
8,410
6,258
6,194
7,089
Other Assets
58,876
57,974
52,200
78,103
83,952
88,816
78,445
1,13,948
99,151
79,885
76,728
81,021
Total Assets
1,59,109
1,76,884
1,72,447
2,08,722
2,32,773
2,49,149
2,43,909
2,82,422
2,85,396
2,69,312
2,75,459
2,96,515
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
11,880
11,455
10,824
8,023
25,336
20,169
44,327
44,381
21,683
20,301
23,138
35,064
Investing
-9,021
-8,794
-9,490
-11,730
-29,176
-14,012
-9,437
-10,905
-18,179
-14,253
-13,611
-14,397
Financing
-2,617
-4,729
-2,579
6,640
-673
-1,695
-37,090
-23,401
-6,981
-11,097
-7,002
-21,387
Net Cash Flow
241
-2,068
-1,245
2,933
-4,513
4,462
-2,200
10,075
-3,477
-5,049
2,524
-720
Free Cash Flow
-169
1,523
3,397
724
16,712
10,156
37,793
34,428
7,868
2,569
8,731
21,906
CFO/OP
420
-2,078
96
51
104
128
148
89
84
115
103
115
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
35
43
38
37
27
21
22
18
12
10
9
8
Inventory Days
165
180
230
224
190
197
215
213
175
176
171
184
Days Payable
126
167
172
161
130
136
167
161
122
108
113
136
Cash Conversion Cycle
74
56
96
99
87
82
69
71
66
78
67
56
Working Capital Days
-6
-47
-32
-31
-18
-38
-55
-34
-42
-59
-50
-56
ROCE %
1%
1%
6%
12%
14%
6%
12%
31%
13%
7%
9%
13%

Shareholding Pattern

As of Mar 2026
Promoters 33.19%
DIIs 26.85%
FIIs 19.05%
Public 17.73%
Others 3.16%
Government 0.01%
Total 99.99%
  Mar 2021Apr 2021May 2021Jun 2021Aug 2021Sep 2021Oct 2021Dec 2021Mar 2022Jun 2022Aug 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
34.41%
34.41%
34.41%
34.41%
34.41%
34.41%
34.41%
33.92%
33.92%
33.92%
0.00%
33.92%
33.90%
33.90%
33.90%
33.90%
33.70%
33.70%
33.46%
33.19%
33.19%
33.19%
33.19%
33.19%
33.19%
33.19%
33.19%
33.19%
33.19%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
21.02%
0.00%
20.70%
0.00%
0.00%
20.28%
20.32%
19.95%
19.04%
18.78%
17.72%
17.78%
17.96%
19.05%
DIIs
25.11%
25.11%
25.11%
19.11%
19.11%
18.18%
18.18%
18.04%
20.34%
18.91%
0.00%
16.82%
19.78%
20.83%
19.46%
22.35%
20.69%
23.30%
20.80%
21.02%
23.66%
23.52%
22.84%
23.70%
24.67%
26.25%
27.09%
27.16%
26.85%
Government
0.25%
0.25%
0.25%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.00%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.03%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Public
16.24%
16.24%
16.24%
16.45%
16.45%
17.11%
17.11%
18.88%
17.56%
19.55%
0.00%
21.91%
20.33%
20.28%
20.32%
19.34%
19.68%
19.03%
19.81%
19.94%
19.54%
19.63%
20.66%
20.74%
20.05%
19.60%
18.69%
18.44%
17.73%
Others
23.98%
23.98%
23.98%
29.94%
29.94%
30.20%
30.20%
29.06%
28.08%
27.52%
100.00%
27.34%
25.98%
24.97%
26.30%
3.37%
25.92%
3.27%
25.92%
25.82%
3.31%
3.33%
3.35%
3.33%
3.30%
3.23%
3.24%
3.23%
3.16%
No. of Shareholders
9,07,481
8,73,198
8,73,198
10,22,480
10,21,770
12,30,370
12,30,370
16,95,220
16,25,080
20,47,660
25,90,410
33,71,420
33,35,260
35,94,140
36,92,750
38,04,730
39,80,310
39,92,610
42,78,660
43,43,100
47,17,440
52,69,350
59,87,140
61,59,780
60,25,710
58,23,940
55,05,580
53,59,970
52,21,340

Documents

1
Concall - May 2017 May 2017
2
Concall - Sep 2017 Sep 2017
3
Concall - Oct 2017 Oct 2017
4
Concall - Oct 2017 Oct 2017
5
Concall - Feb 2018 Feb 2018

Frequently Asked Questions about Tata Steel Ltd

What does Tata Steel Ltd do?
Tata Steel Ltd is Asia's first integrated private steel company setup in 1907.[1] The company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.[2] The company has a target to increase dom...
Where is Tata Steel Ltd (TATASTEEL) listed?
Tata Steel Ltd is listed on the Indian stock exchanges. It is listed on NSE: TATASTEEL and BSE: 500470. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tata Steel Ltd belong to?
Tata Steel Ltd operates in the Commodities sector within the Ferrous Metals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tata Steel Ltd?
Tata Steel Ltd has a market capitalisation of approximately ₹237436.69 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tata Steel Ltd?
The Price-to-Earnings (PE) ratio of Tata Steel Ltd is 21.87. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tata Steel Ltd?
Over the past 52 weeks, Tata Steel Ltd has traded between a low of ₹152.51 and a high of ₹224.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tata Steel Ltd pay dividends?
Yes, Tata Steel Ltd has a dividend yield of 2.10%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tata Steel Ltd?
Tata Steel Ltd has a Return on Equity (ROE) of -5.31%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tata Steel Ltd on Tapetide?
On Tapetide, you can view Tata Steel Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Tata Steel Ltd is Asia's first integrated private steel company setup in 1907.[1] The company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.[2] The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.[3]

Website tatasteel.com
CEO Mr. Thachat Viswanath Narendran
Employees 1,15,788
Listed 1998-11-18
Face Value ₹ 1
Issued Size 12,48,35,27,171

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