Tata Steel
TATASTEEL
Quick Bite
Price To Earnings Ratio -38.76 | Sector PE 21.06 |
PB Ratio 1.90 | Sector PB 5.18 |
EPS -3.56 | Dividend Yield 2.31 |
Today's Volume 48.805 M | 5 Day Avg. Volume 44.754 M |
PEG Ratio 0.26 | Market Cap. ₹ 1,70,000.00 Cr. |
Returns Comparison
| Time | TATASTEEL | VS | Industry |
|---|---|---|---|
| 1 Day | 0.73% | -0.1% | |
| 1 Week | -2.95% | -1.68% | |
| 1 Month | -9.14% | -5.6% | |
| 6 Months | -25.21% | -18.23% | |
| 1 Year | 16.48% | 8.14% |
Technical Trend
Pivot Levels
Moving Averages
| Period (Days) | SMA | Indication |
|---|---|---|
| 10 | 141.41 | Bearish |
| 20 | 144.1 | Bearish |
| 30 | 147.09 | Bearish |
| 50 | 150.6 | Bearish |
| 100 | 157.54 | Bearish |
| 200 | 162.07 | Bearish |
News & Events
Shareholding Updates
Cash Flow
| Annual | FY 2024 | FY 2023 | FY 2022 | ||||
|---|---|---|---|---|---|---|---|
| Operating Activities | 20300.67 | 21683.08 | 44380.99 | ||||
| Investing Activities | -14251.44 | -18679.84 | -10881.23 | ||||
| Financing Activities | -11096.99 | -6980.69 | -23401.09 | ||||
| Net Cash Flow | -5047.76 | -3977.45 | 10098.67 |
All Figures in ₹ Cr., unless mentioned otherwise
Ratios
Income Statement
Balance Sheet
Peer Comparison
| Name | 1D (%) | 1W (%) | 1M (%) | 6M (%) | 1Y (%) |
|---|---|---|---|---|---|
| Tata Steel | 0.73 | -2.95 | -9.14 | -25.21 | 16.48 |
| APL Apollo Tubes | -1.96 | -5.58 | -6.03 | -19.57 | -16.26 |
| JSW Steel | -0.65 | -0.95 | -3.6 | -2.23 | 23.42 |
| Jindal Saw | 0.09 | -0.67 | -9.83 | -51.7 | -47.3 |
| Jindal Stainless | -2.73 | -3.87 | -3.07 | -16.85 | 33.94 |
About Tata Steel
Tata Steel Share Price
Fundamental analysis of Tata Steel Limited
Tata Steel products are everywhere, from household appliances and cars to consumer packaging and industrial equipment. As a fully integrated operation, Tata Steel mines, manufactures, and markets its products. Since 1907, it has been a cornerstone of India's industry, growing into a global leader with operations in 26 countries and a reputation for strong financial performance.
Investors have been positively related to Tata Steel's share price due to their smart growth strategies and investment ventures. In this article, we'll explore Tata Steel's share price history to reveal the company's potential in the stock market.
About Tata Steel Limited
In the bustling town of Jamshedpur, back in 1907, Jamsetji Tata started Tata Steel Ltd with a big dream. Today, it's one of the world’s 10th largest steel companies with an impressive annual crude steel production capacity of 35 million tons per annum (MTPA).
It is operating across 5 continents and is present in over 50 countries, proving itself to be a global powerhouse. Tata Steel's share price today reflects its strong market presence and strategic leadership under Natarajan Chandrasekaran, the Executive Director and Chairman.
Tata Steel recorded a consolidated turnover of $30.3 billion for the year ending March 31, 2023. Its Raw Material Division supplies nearly 100% of the iron ore and 21% of the clean coal needed for its steel manufacturing in India, with the rest being imported.
Recently, Tata Steel has focused on its core businesses and profit growth, investing in new technologies to improve efficiency. These efforts have positively impacted Tata Steel’s share price chart.
Is the steel industry a good investment for investors?
Investing in the steel industry, particularly in India, presents a promising opportunity for investors due to several compelling factors. The Indian economy is projected to become the third largest globally by 2030, and the steel industry will be integral to this growth.
In India, steel production is increasing rapidly, with the country accounting for 55.1% of global crude steel production.
The National Steel Policy 2017 aims to foster a globally competitive steel industry in India, targeting a steelmaking capacity of 300 million tonnes and a per capita consumption of 160 kg by FY30-31. Companies like Tata Steel are expected to be major beneficiaries of this policy, positively influencing the Tata Steel share price today.
Competitors of Tata Steel Ltd. in the steel industry
Some of the noted competitors of Tata Steel are:
History of Tata Steel Ltd.
From fulfilling steel requirements during World War I to becoming India's top steel company, Tata Steel has navigated significant milestones. These achievements have profoundly influenced Tata Steel's share price history, reflecting its journey from adversity to leadership in the global steel industry. Let's explore its journey briefly.
- Incorporation: Tata Steel was founded by Jamsetji Tata in 1907 as Tata Iron and Steel Company (TISCO), with its main plant in Jamshedpur, India. Production began in 1911.
- Financial Milestone: In 1917, Tata Steel issued 150,000 equity shares and 26,250 deferred shares, marking a significant event in Tata Steel's share price history.
- Infrastructure: Tata Steel's extensive operations and significant production capabilities in the global steel industry are reflected in its capacities: Tata Steel India at 19.6 MTPA, Tata Steel Long Products at 1 MTPA, Tata Steel Europe at 12.4 MTPA, and Tata Steel South East Asia at 1.4 MTPA. The company operates from key locations including Jamshedpur, Tarapur, Pithampur & Killa in Indore, Kharagpur, and Bengaluru.
- Major Acquisition: A monumental moment came in 2007 when Tata Steel acquired the Anglo-Dutch steelmaker Corus Group in a $12 billion deal, becoming one of the world's largest steel producers.
- Product range: Tata Steel offers a diverse product range including hot-rolled and cold-rolled steel, coated coils, tubes, rebar, and wire rods.
- Certifications- Tata Steel is an IMS Certified Company, holding certifications including ISO certifications for quality.
- Awards and recognitions- Tata Steel has garnered acclaim for its environmental management, energy conservation, and responsible business practices, earning accolades like the Environmental Best Practices Award from CII in 2020, which contributes to setting optimistic Tata Steel share price targets.
Company profile of Tata Steel Ltd.
Pros
- Global Leader- As a global leader in the steel industry, Tata Steel's share price today is Rs. 180, and is poised for growth, reflecting its prominent position and potential for further advancement.
- Commitment to Sustainability- Tata Steel is dedicated to sustainability, with goals such as achieving carbon neutrality across its operations by 2045 and zero net water consumption by 2030.
- Strong Financial Performance- Tata Steel plans to double steel production capacity in India, showcasing resilience through steel cycles and the successful reduction of net debt.
- Tata Steel’s share price forecast- With India's rapid economic growth demand for steel products is expected to rise significantly by 2030. Tata Steel plans to expand its operations in India from 19.6 MTPA to 40 MTPA by FY 2030. These factors are likely to positively impact the Tata Steel share price forecast.
Cons
- Cyclical Industry Risks- The steel industry is susceptible to economic fluctuations, affecting demand and oversupply from international markets.
- Raw Material Prices- Fluctuations in prices of critical raw materials like iron ore and coking coal impact Tata Steel's share price chart as well.
- Environmental Challenges- Tata Steel encounters environmental regulations, with emissions standards and waste management to minimise their ecological impact.
Financial performance of Tata Steel’s share price
|
Metric |
Value |
|---|---|
|
Rs. 2,08,662 Cr. |
|
|
Tata Steel Share Price |
Rs. 180 |
|
EBITDA |
Rs 23,402 crores |
|
Revenue |
Rs. 2,43,353 Cr |
|
Operating Profit |
6,601 |
|
Net Profit |
555 |
|
EPS (Rs. ) |
0.49 |
|
ROCE (Return on Capital Employed) |
20.62% |
|
ROE (Return on Equity) |
8.33% |
|
Rs. 1.00 |
|
|
Book Value |
2.28 |
As of June 19, 2024, Tata Steel's share price stands at Rs. 180.06, driven by strong quarterly earnings and strategic investments in technology and sustainability.
Shareholding pattern of Tata Steel Ltd.
The shareholding pattern significantly influences Tata Steel's share price chart, showcasing the confidence various investor categories have in the company's market position and growth prospects. Here is an overview:
- Promoters: Hold 33.19%
- Foreign Institutional Investors (FII): Hold 19.61%
- Mutual Funds (MF): Hold 10.1%
- Public: Hold 22.85%
- Others: Hold 14.2%
Peer multiple comparison
When comparing Tata Steel's share price to its peers, you must also compare the following metrics.
|
Company |
P/B Ratio |
||
|---|---|---|---|
|
Tata Steel Ltd |
0.00 |
2.28 |
2.15 % |
|
JSW Steel Ltd |
26.00 |
2.78 |
0.00% |
|
Jindal Steel & Power Ltd |
18.00 |
2.37 |
0.19 % |
|
Tube Investments of India Ltd |
105.00 |
13.65 |
0.11 % |
|
Steel Authority of India Ltd |
18.00 |
1.15 |
0.63 % |
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