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Tata Steel Share Price Today

Company details

159.19
162.02
114.35
184.60
6M Return 20.02%
1Y Return 39.59%
Mkt Cap.(Cr) 200,922.45
Volume 16,557,361
Div Yield 2.25%
OI
-
OI Chg %
-
Volume 16,557,361

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Performance set to improve, going forward….
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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Iron & Steel Products company Tata Steel announced Q4FY24 & FY24 results:

  • Consolidated Revenues for Q4FY24 stood at Rs 58,687 crore, up 6% QoQ on improved volumes across geographies. EBITDA was at Rs 6,631 crore with an EBITDA margin of ~11%.
  • Consolidated Revenues for FY2024 were at Rs 2,29,171 crore. EBITDA stood at Rs 23,402 crore and has been primarily driven by improved performance at India operations.
  • The company has spent Rs 4,850 crore on capital expenditure during the quarter and Rs 18,207 crore for the full year. The phased commissioning of the 5 MTPA expansion at Kalinganagar is progressing.
  • Net debt stands at Rs 77,550 crore. Our group liquidity remains strong at Rs 31,767 crore, which includes cash & cash equivalents of Rs 9,532 crore.
  • India revenues were Rs 1,42,902 crore for the full year and were marginally higher on YoY basis
  • Achieved highest ever crude steel production of ~20.8 million tons as well as deliveries of ~19.9 mn tons.
  • Domestic deliveries were up 9% YoY leveraging India steel demand growth and agile business model.
  • EBITDA was higher by 10% YoY to Rs. 31,057 crore, which translates into an EBITDA margin of 22%.
  • In Q4FY24, India deliveries were up 5% YoY to 5.42 million tons. Revenues were at Rs 36,864 crore and EBITDA was at Rs 8,261 crore with an EBITDA margin of around 22%.
  • UK annual revenues were GBP 2,706 million and EBITDA loss stood at GBP 364 million. Liquid steel production was 2.99 million tons while deliveries stood at 2.80 million tons. For the quarter, revenues were GBP 647 million and EBITDA loss stood at GBP 34 million.
  • Netherlands annual revenues were GBP 5,276 million and EBITDA loss stood at GBP 368 mn, largely due to the reline of BF6 which was completed in early February. Liquid steel production was 4.81 mn tons and deliveries were 5.33 mn tons. For the quarter, revenues were GBP 1,324 mn and EBITDA loss was at GBP 27 mn.
  • Following seven months of formal and informal national level discussions with the UK trade unions, Tata Steel will commence closure of heavy end assets in June and proceed with its plan to invest in a state-ofthe-art Electric Arc Furnace at Port Talbot.
  • The Board of Directors recommends a dividend of Rs. 3.60 per fully paid-up equity share of face value of Rs 1/- each.

T V Narendran, Chief Executive Officer & Managing Director: “FY2024 has been a year of progress for Tata Steel with transition towards stated goals in India and abroad despite the challenging operating environment. In India, which is a structurally attractive market, we have delivered improved margins and continued to expand our footprint in terms of volumes as well as product portfolio. Our domestic deliveries were best ever at around 19 million tons and were up 9% YoY with broad based improvement across chosen market segments. Automotive volumes were aided by higher deliveries of hot-rolled and cold-rolled steel to auto OEMs while our well-established retail brand Tata Tiscon crossed 2 million tons on an annual basis. We have consistently filed 100 patents per annum, on average, in the last 5 years. Overall, India deliveries now make up 68% of total deliveries and will continue to grow with incremental volumes from 5 MTPA capacity expansion at Kalinganagar. With respect to the UK operations, we have decided to proceed with the proposed restructuring of heavy end UK assets and transition to greener steelmaking after due consideration of all the options over the last 7 months in consultation with union representatives. We are committed to creating a low-CO2 steel business that preserves the majority of the jobs in UK while also creating economic opportunities. In Netherlands, our production was lower due to the relining of BF6. The relining was completed in early February and we have stabilised the operations. We continue to undertake multiple initiatives across geographies to progress on our sustainability journey. I am happy to share that we have achieved zero effluent discharge at our Kalinganagar site in India and have been recognised by worldsteel as Sustainability champion for the seventh time in a row.”

Koushik Chatterjee, Executive Director and Chief Financial Officer: “Tata Steel Consolidated revenues for FY2024 were around $27.7 billion aided by higher volumes in India. Consolidated EBITDA was Rs 23,402 crore, which translates to an EBITDA margin of around 10%. India EBITDA increased by 10% YoY to Rs 31,057 crore, with margin improvement of around 200 bps to 22%, translating to Profit after tax (excluding exceptional items) of Rs 17,514 crore. For the quarter, Consolidated revenues were Rs 58,687 crore and EBITDA was marginally higher at Rs 6,631 crore on QoQ basis. Consolidated cash flow from operations was around Rs 7,400 crore for the quarter and Rs 20,300 crore for the full year. Our capital expenditure was Rs 4,850 crore for the quarter and Rs 18,207 crore for the full year, up 29% YoY. Our Group liquidity remains strong at Rs 31,767 crore. The Board has recommended a dividend of Rs 3.60 per share. Moving to strategic initiatives, we have been carefully considering the alternative proposal from the representative body of the UK trade unions and have concluded that maintaining one blast furnace till the transition would have incurred at least GBP 1.6 billion of additional costs, created significant operational and safety risk, and delayed the EAF by two years. We have therefore discussed with the Unions and concluded national level consultation on the asset plan. We will proceed with our proposal to shut down heavy end assets this year, and setup the EAF by 2027. This is a difficult period of change for our people and we will do our upmost to support the affected employees. With respect to the Electric Arc Furnace, we will place equipment orders by Sep 2024 and have signed the agreement with the UK National Grid securing the high voltage connection, which will be available on schedule. We have as part of discussions with the unions, offered the best ever package of support for affected employees in Tata Steel UK. We have also agreed the final and detailed terms of the proposed grant package with the UK government to support the GBP 1.25 billion investment.”

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Tata Steel Shares SWOT Analysis

Strengths (4)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing profits every quarter for the past 2 quarters
  • Company with Zero Promoter Pledge

Weakness (12)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (2)

  • Companies Increasing Debt as per Annual Report
  • RSI indicating price weakness

Resistance and support

R1 163.0
R2 166.0
R3 170.0
Pivot

159.00

S1 156.0
S2 152.0
S3 149.1
EMA SMA
168.5
169.4
163.6
152.0
170.0
172.3
164.7
147.8
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 Stocks COMPARISON

Financials( in Cr) Tata Steel Ltd JSW Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd Jindal Stainless Ltd
Price 160.95 885.65 971.15 3,990.85 750.95
% Change -4.19 -4.30 -3.64 -11.88 -5.44
Mcap Cr 200,922.45 216,581.63 99,065.85 77,189.42 61,835.85
Revenue TTM Cr 229,170.78 175,006.00 53,211.52 16,890.33 35,697.03
Net Profit TTM Cr -4,909.61 8,973.00 3,974.09 1,722.53 2,083.83
PE TTM 26.50 31.37 16.37 64.85 22.89
1 Year Return 39.59 9.26 55.05 27.05 111.33
ROCE 6.61 13.51 14.17 26.63 20.22
ROE 7.33 12.52 13.27 37.98 19.16
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 92,035.76 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 8,306.88 53,539.14
LAST 3M 89,013.52 64,904.32
LAST 6M 176,751.92 63,807.63
LAST 12M 305,416.58 96,213.98
Tata Steel Limited - Other General Purpose

Jul 23, 2024 l NSE Announcement

Tata Steel Limited - Loss of Share Certificates

Jul 22, 2024 l NSE Announcement

Tata Steel Limited - Updates

Jul 19, 2024 l NSE Announcement

Date Action Type Ratio
Jun 21, 2024 Dividend 360
Jun 22, 2023 Dividend 360
Jul 28, 2022 Split 1:10

Tata Steel Information

Stock PE (TTM)
26.5
Promoter Holding
33.19%
Book Value
72.4367
ROCE
6.61%
ROE
7.33%
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

Tata Steel SHARES FAQs

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

Company share prices and volatile and keep changing according to the market conditions. As of Jul 24, 2024 12:24 PM the closing price of Tata Steel was Rs.160.95.

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 Jul 24, 2024 12:24 PM, the market cap of Tata Steel stood at Rs. 200,922.45 Cr.

The latest PE ratio of Tata Steel as of Jul 24, 2024 12:24 PM is 26.50

The latest PB ratio of Tata Steel as of Jul 24, 2024 12:24 PM is 0.45

The 52-week high of Tata Steel share price is Rs. 184.60 while the 52-week low is Rs. 114.35

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

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