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Tata Steel Ltd share Price Today

Company details

159.00
162.45
104.05
169.80
6M Return 26.02%
1Y Return 49.37%
Mkt Cap.(Cr) 199,798.93
Volume 41,391,261
Div Yield 2.20%
OI
-
OI Chg %
-
Volume 41,391,261

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About The Stock

    Tata Steel Group is among top global steel companies with an annual steel production capacity of ~34 million tonnes per annum (MTPA).

    • Tata Steel (TSL) is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world
    • TSL has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked among top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016
Q3FY23

    Tata Steel’s consolidated EBITDA came in broadly in line with our estimate for Q3FY23.

    • For Q3FY23, Tata Steel’s standalone operations reported sales volume of 4.5 million tonnes (MT), up 6% YoY but down 4% QoQ (our estimate: 4.5 MT). Tata Steel standalone operations reported EBITDA/tonne of
      ₹ 11350/tonne, marginally lower than our estimate of ₹ 12500/tonne. For Q3FY23, Tata Steel’s European operations reported negative EBITDA/tonne of US$95/tonne (our estimate of negative EBITDA/tonne of US$75/tonne)
    • For Q3FY23, Tata Steel’s consolidated operations reported a topline of
      ₹ 57084 crore, down 6% YoY, 5% QoQ. Consolidated reported EBITDA for the quarter was at ₹ 4048 crore, down 75% YoY and 33% QoQ, broadly in line with our estimate of ₹ 4279 crore
    • The British Steel Pension Scheme (BSPS) with Tata Steel UK as sponsor has completed a substantial part of its de-risking journey with ~60% of its liabilities insured. The buy-in transaction along with actuarial movements has resulted in a non-cash deferred tax expense of ₹ 1783 crore & increased the overall deferred tax expense for the quarter to ₹ 2150 crore. The ensuing consolidated reported net loss for the quarter was at ₹ 2502 crore

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Tata Steel announced Q3FY24 results:

  • Consolidated Revenue: For 9MFY24, the consolidated revenues stood at Rs 1,70,483 crore.
  • EBITDA: The Consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the same period was reported at Rs 16,771 crore, with a margin of approximately 10%.
  • Quarterly Revenue: The revenues for Q3FY24 were at Rs 55,312 crore.
  • EBITDA for the Quarter: EBITDA saw an increase of 47% QOQ (quarter over quarter) to Rs 6,334 crore, and the EBITDA margin was at 11%.
  • Capital Expenditure: The company spent Rs 4,715 crore on capital expenditure during the quarter and a total of Rs 13,357 crore for the 9MFY24.
  • Net Debt: Stood at Rs 77,405 crore.
  • Liquidity: The group's liquidity remains strong at Rs 23,349 crore, including cash and cash equivalents of Rs 10,825 crore.
  • India Revenues and Production: India’s revenues were Rs 35,011 crore and stable on a QoQ basis. Crude steel production was around 5.35 million tons, up 7% both QoQ and YoY (year over year).
  • India Deliveries and EBITDA: Deliveries at 4.88 million tons were marginally higher QoQ, driven by a rise in domestic deliveries. EBITDA for India was Rs 8,302 crore, translating into an EBITDA margin of 24%.
  • Kalinganagar Expansion: The commencement of the 5 MTPA (million tons per annum) expansion at Kalinganagar has begun.
  • UK Performance: Revenue was £603 million with an EBITDA loss of £159 million. Liquid steel production was 0.72 million tons, and deliveries stood at 0.64 million tons.
  • Netherlands Performance: Revenue was £1,239 million with an EBITDA loss of £117 million. Liquid steel production was stable at 1.19 million tons, and deliveries were up 5% QoQ.

T V Narendran, Chief Executive Officer & Managing Director: “The global operating environment has been complex, with the economic slowdown in China and geopolitics weighing on commodity prices in general. During this quarter, China has exported between 7 to 8 million tons of steel every month, which is the highest since 2015 and this has adversely impacted global steel prices as well as profitability. Despite this context, Tata Steel India has delivered better margins aided by higher deliveries as well as realizations on a QoQ basis. Our domestic deliveries for the quarter stood at 4.78 million tons and were up 3% QoQ and 10% YoY. Among the key segments, Automotive and well-established brands such as Tata Tiscon, Tata Steelium, and Tata Astrum had the best 3Q sales. The consistent growth in India deliveries has been aided by crude steel production being close to 5 million tons across the quarters in this financial year. The phased commissioning of our 5 MTPA capacity expansion at Kalinganagar is underway. Moving to Europe, our deliveries in the Netherlands were up while the UK moved lower QoQ due to subdued demand as well as operational issues given the aging assets. We will commence statutory consultations with the unions in the UK as a step towards our transition to an EAF-based sustainable business. We continue to undertake multiple initiatives across geographies to progress on our sustainability journey. I am happy to share that the Tata Steel Meramandali and Tata Steel Kalinganagar sites have now received ResponsibleSteelTM certification and we now have three certified sites in India including Jamshedpur.

Koushik Chatterjee, Executive Director, and Chief Financial Officer: “Tata Steel Consolidated revenues for the quarter stood at Rs 55,312 crore and EBITDA was Rs 6,334 crore, an increase in margins by around 300 bps QoQ. India's EBITDA was Rs 8,302 crore, a QoQ margin increase of 400 bps while subdued demand dynamics weighed on margins in the UK and Netherlands. The UK business continues to face production shortfalls arising from the end-of-life condition of several of its heavy-end assets. In the Netherlands, we expect BF#6 to restart by the end of January. Cash flow from operations in India rose sharply to Rs 9,016 crore while consolidated cash flow from operations was lower at Rs 7,879 crore. Our Net debt stands at Rs 77,405 crore and the group liquidity position remains strong at Rs 23,349 crore. Moving to strategic initiatives, we have largely fulfilled our plan to simplify our India footprint, having now completed the merger of Tinplate Company of India and Tata Metaliks into Tata Steel. Our announcement on 19th January about Tata Steel UK follows detailed discussions with and careful consideration of the alternative proposal from the representative body of the UK trade unions and their advisor. The company’s analysis shows that partial continuity of blast furnaces until completion of transition to the EAF is not affordable and engineering studies have found that building the EAF in an already operating steel melt shop is not feasible. Tata Steel is acutely aware of the impact of its proposal to wind down the heavy end in Port Talbot on individuals and the local community associated with our steel works, we will meaningfully consult with our employees and work to provide them with a fair, dignified, and considerate outcome. Tata Steel proposes to commit more than £130 million to a comprehensive support package for affected employees. This is in addition to the £100 million funding for the Transition Board set up by the company along with the UK and Welsh governments. Tata Steel has begun engineering design work on the EAF and discussions with National Grid for supporting infrastructure with a target to commission the EAF by 2027.”

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Tata Steel Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Zero Promoter Pledge

Weakness (7)

  • MACD Crossover Below Signal Line
  • Negative profit growth, promoters decreasing shareholding QoQ
  • Degrowth in Revenue and Profit

Opportunity (3)

  • Turnaround companies- loss to profit QoQ
  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 162.0
R2 164.0
R3 165.5
Pivot

160.50

S1 158.6
S2 157.1
S3 155.1
EMA SMA
158.6
151.2
143.5
134.4
157.4
150.0
141.4
131.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 2024-01-25 135.15 1144996 NSE
SOCIETE GENERALE Block Sell 2024-01-25 135.15 1144996 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 107.55 11420377 NSE
Name Category Shares
TATA SONS PRIVATE LIMITED PROMOTER 31.76%

OUR RESEARCH VIEW

Investment recommendation
Performance set to improve, going forward….
Call Date
08 Feb 2023
Entry Price 111.00
Target Price 130.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Tata Steel Ltd Stocks COMPARISON

Financials( in Cr) Tata Steel Ltd JSW Steel Ltd Jindal Steel & Power Ltd Steel Authority of India Ltd Jindal Stainless Ltd
Price 160.05 845.25 901.80 149.30 673.45
% Change -0.50 -1.77 0.90 -1.16 -2.93
Mcap Cr 199,798.93 206,702.00 91,991.54 61,668.74 55,454.23
Revenue TTM Cr 243,352.69 165,960.00 53,211.52 104,447.72 35,697.03
Net Profit TTM Cr 8,075.35 4,139.00 3,974.09 2,176.53 2,083.83
PE TTM 81.24 19.11 16.56 18.25 19.12
1 Year Return 49.37 17.20 60.91 81.41 157.24
ROCE 12.10 8.60 14.17 5.25 20.22
ROE 7.48 6.22 13.27 3.57 19.16
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 103,082.10 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 27,985.89 -4,210.70
LAST 3M 85,258.15 42,414.35
LAST 6M 136,201.24 75,801.89
LAST 12M 211,048.21 200,392.08
Tata Steel Limited - Other General Purpose

Apr 16, 2024 l NSE Announcement

Tata Steel Limited - Loss of Share Certificates

Apr 15, 2024 l NSE Announcement

Tata Steel Limited - Other General Purpose

Apr 12, 2024 l NSE Announcement

Date Action Type Ratio
Jun 22, 2023 Dividend 360
Jul 28, 2022 Split 1:10
Jun 15, 2022 Dividend 510

Tata Steel Ltd Information

Stock PE (TTM)
81.24
Promoter Holding
33.19%
Book Value
70.902
ROCE
12.1%
ROE
7.48%
Description
  • Tata Steel Ltd was founded in the year 1868 by Jamsetji Nusserwanji Tata. With its headquarters in India, Tata Steel has become a global business conglomerate and is operating in 100 countries. Being a part of the prestigious TATA Group, It is a leading provider of steel in various sectors like agriculture, infrastructure, hospitality and many more.

    Tata Steel has a vast range of products namely Tata Tiscon, Tata Structura, Tata Shaktee, Tata Bearings, Tata Astrum, Tata Steelium, Galvano, Tata Ferromag, Tata Precision Tubes, Tata Wiron, Tata Agrico. With so many divisions and operating units, it is one of the prominent steel providers of India. In the FY 2023-2023, Tata Steel Ltd accounted a consolidated revenue of Rs.2,43,353, consolidated EBITDA at Rs. 32,698 crores and PAT at Rs. 8,075 crores. Tata Steel Ltd also announced a dividend of Rs.3.60 in the year 2022-2023 on equity shares.

    Being a part of one of the most powerful groups of the country i.e. TATA Group, Tata Steel Ltd is holding effectively into its values and thriving to deliver a stronger future.

    The history of TATA Steel share price is:

    1-Year Change in Tata Steel Share Price

    50.63%

    1-Year High of Tata Steel Share Price

    Rs. 157.25

    1-Year Low of Tata Steel Share Price

    Rs. 104.65

    5-Year Change in Tata Steel Share Price

    196.55%

    5-Year High of Tata Steel Share Price

    Rs. 157.25

    5-Year Low of Tata Steel Share Price

    Rs. 25.38

Registered Address

Bombay House, 24 Homi Mody Street Fort, Mumbai, Maharashtra, 400001

Tel : 91-022-66658282
Email : cosec:tatasteel.com
Website : http://www.tatasteel.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500470
NSE Code : TATASTEEL
Book Closure Date (Month) : Jun/Jul
BSE Group : A
ISIN : INE081A01020

FAQ’s on Tata Steel Ltd Shares

You can buy Tata Steel Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tata Steel Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 16, 2024 04:12 PM the closing price of Tata Steel Ltd was ₹ 160.05.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 16, 2024 04:12 PM, the market cap of Tata Steel Ltd stood at ₹ 199,798.93.

The latest PE ratio of Tata Steel Ltd as of Apr 16, 2024 04:12 PM is 81.24

The latest PB ratio of Tata Steel Ltd as of Apr 16, 2024 04:12 PM is 0.44

The 52-week high of Tata Steel Ltd share price is ₹ 169.80 while the 52-week low is ₹ 104.05

According to analyst recommendations, Tata Steel Ltd Share has a “Buy” rating for the long term.

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