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Tata Steel Ltd (TATASTEEL)

₹166.761.14%

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🔔 Rating Alert

Fitch Ratings revises Tata Steel's outlook to Negative, citing uncertainty around UK operations

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 28 analysts

BUY

48.15%

Buy

33.33%

Hold

18.52%

Sell

Based on 28 analysts offering long term price targets for Tata Steel Ltd. An average target of ₹168.54

Source: S&P Global Market Intelligence

Tata Steel Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹165.8
    ₹168.99
  • 52 Week's Low

    52 Week's High

    ₹114.35
    ₹184.6
1 Month Return-6.86 %
3 Month Return+ 4.87 %
1 Year Return+ 43.26 %
Previous Close₹168.69
Open₹168.69
Volume3.26Cr
Upper Circuit-
Lower Circuit-
Market Cap₹2,10,584.62Cr

Key Statistics

P/E Ratio-46.34
PEG Ratio9.09
Market Cap₹2,10,584.62 Cr
P/B Ratio1.43
EPS1.02518966008712

Mutual Fund Holdings

Funds HoldingsPrev. 6M
SBI Balanced Advantage Fund Direct GrowthSBI Balanced Advantage Fund Direct Growth2.54%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth1.86%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth1.69%
ICICI Prudential Balanced Advantage Fund Direct Plan GrowthICICI Prudential Balanced Advantage Fund Direct Plan Growth0.79%
Nippon India Large Cap Fund - Direct Plan - Growth PlanNippon India Large Cap Fund - Direct Plan - Growth Plan1.47%

Company Information

Tata Steel Ltd is one of the world's leading steel producers, established in 1907. It is the first integrated steel plant in Asia and is part of the Tata Group, one of India's largest business conglomerates. Its operations span across multiple lines of business, including steel, automotive, construction, engineering, and more. Tata Steel's top products include hot-rolled coils, cold-rolled coils, galvanized steel sheets, and more. Its popular brands include Tata Steelium, Tata Shaktee, Tata Tiscon, and Tata Pipes with business in more than 50 countries.

Share Price: ₹166.76 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹2,10,584.62Cr as of today
Revenue: ₹58,445.89Cr as on March 2024 (Q1 24)
Net Profit: ₹554.56Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: N Chandrasekaran
OrganisationTata Steel Ltd
Headquarters
IndustrySteel
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What's happening today

  • img

    Today's Timeline - Invalid Date

    07:00 AM

    -

    Fitch Ratings revises Tata Steel's outlook to negative due to uncertainty surrounding UK operations under new Labour government.

    08:41 AM

    -

    Fitch affirms Tata Steel's BBB- IDR but maintains negative outlook, citing risks to EBITDA leverage improvement and uncertainties in UK operations.

Key events for Tata Steel Ltd

  • Tata Steel Outlook Revised to Negative by Fitch Ratings - 15 Jul, 2024

    Fitch Ratings has revised the outlook on Tata Steel Ltd to negative due to uncertainties related to its UK business under the new Labour government. However, it affirmed the company's BBB- IDR rating. The negative outlook reflects risks to EBITDA leverage improvement and uncertainties in UK operations.

  • Tata Steel Outlook Revised to Negative by Fitch Ratings - 13 Jul, 2024

    Fitch Ratings has revised the outlook on Tata Steel's issuer default rating (IDR) to negative from stable due to uncertainty surrounding the turnaround of its UK operations. The company's consolidated net profit declined 64.59% in Q4 FY24 over Q4 FY23.

  • Tata Steel Outlook Revised to Negative by Fitch Ratings - 12 Jul, 2024

    Fitch Ratings has revised the outlook on Tata Steel to negative due to uncertainties surrounding the company's UK operations. However, robust growth in Indian and Dutch operations may offset any losses at UK operations. Steel prices remain weak, but Tata Steel is among Yes Securities' top picks.

  • Tata Steel Launches Carbon Bank, CEO Urges Govt Focus on Infrastructure - 10 Jul, 2024

    Tata Steel has launched a carbon bank to generate revenue from CO2 savings. The company's CEO also urged the government to focus on infrastructure to boost steel demand and reduce business costs while seeking higher budget allocations for the PLI scheme.

  • Mixed Outlook for Tata Steel Amidst Market Volatility - 09 Jul, 2024

    Tata Steel is facing mixed market conditions, with falling net sales but predicted growth in net profit. The company's CEO expects continued government investment in infrastructure and ease of doing business, while ICICI Prudential AMC plans to stay invested in the metals sector, including Tata Steel.

  • Tata Steel India Production Up 5% - 08 Jul, 2024

    Tata Steel India reports a 5% YoY increase in Q1 FY24-25 crude steel production at 5.25 million tons. Tata Group airlines complete harmonisation of operating procedures.

  • Tata Steel in Talks with UK Government to Avoid Job Losses - 07 Jul, 2024

    The newly elected UK government is reportedly in talks with Tata Steel to prevent up to 2,800 job losses as the company closes two carbon-intensive blast furnaces. The government is extending support for the company's transition to lower-carbon technologies.

  • Tata Steel Faces Downward Pressure Amidst Global Uncertainties - 06 Jul, 2024

    Tata Steel faces operational challenges amidst rising Chinese imports and global economic uncertainties, leading to a series of analyst downgrades. The company reported a 64% drop in Q4 FY24 profits, with only 14 brokerages maintaining buy ratings on the stock. While some analysts remain optimistic about increased manufacturing activities in China and the US, others predict sustained downward pressure on the steel market.

  • Tata Steel Diversifies Beyond Steel Amidst Profit Drop and Job Losses - 05 Jul, 2024

    Tata Steel is exploring knowledge-intensive materials beyond steel to create new businesses and counter cyclicality of the steel business. The company reported a significant decline in profits and revenue in Q4FY24, while also facing potential job losses due to plant closures. Unions are hoping for an improved deal with the new UK government to prevent some job losses.

  • Tata Steel Gets NCLT Approval for Merger, Plans Water Reduction - 04 Jul, 2024

    Tata Steel receives National Company Law Tribunal approval for the merger of Angul Energy and announces a plan to cut fresh water consumption in its Indian operations by 2030.

  • Tata Steel Halts Preparations for Early Cessation of Operations - 02 Jul, 2024

    Tata Steel has halted preparations for the early cessation of operations on Blast Furnace 4 and the wider heavy end in Port Talbot after receiving written confirmation from Unite Union that they were suspending their current action short of a strike and proposed strike action due to commence on July 8. The resumption of discussions with the UK Steel Committee will focus on future investments.

  • Tata Steel Faces Legal Action Over Strike; Tata Group Maintains Top Brand Value Position - 01 Jul, 2024

    Tata Steel faces legal action over planned strike while Tata Group maintains its position as India's most valuable brand. Meanwhile, Tata Steel workers in Britain suspend all-out strike and overtime ban after company agrees to negotiations about future investment.

  • Tata Steel Faces Legal Action Over Strike Decision - 29 Jun, 2024

    Tata Steel UK has taken legal action against an employee's union after it decided to strike. Meanwhile, Indian steel producers, including Tata Steel, have raised concerns about increasing Chinese imports, but the government has resisted calls for higher import taxes.

  • Tata Steel Faces Strike Threats; Converts Debt Into Equity - 28 Jun, 2024

    Tata Steel faces a potential strike threat as workers in the UK plan an indefinite strike from July 8 over the closure of two blast furnaces and job cuts. The company is also initiating legal proceedings against the United Kingdom's Unite Union. Meanwhile, Tata Steel converted $565m debt into equity in subsidiary T Steel Holdings Pte.

  • Tata Steel Reports Losses and Acquires Stake in IFQM - 26 Jun, 2024

    Tata Steel reported a net loss of Rs 44.4 billion in FY24, while acquiring a 14.28% stake in Indian Foundation for Quality Management for Rs 12.5 crore. The company also plans to increase its diverse workforce to at least 25%.

  • Tata Steel UK Workers to Strike After 40 Years - 24 Jun, 2024

    Around 1,500 employees of Tata Steel in the UK are set to go on strike for the first time in four decades starting July 8.

  • Tata Steel to Transition to Low-Carbon Steelmaking - 23 Jun, 2024

    Tata Steel is expected to conclude a binding agreement with the Dutch government on transitioning to low-carbon steelmaking at its Ijmuiden plant this fiscal year. The decarbonisation will be implemented in two phases, with one blast furnace being replaced before 2030 and the second thereafter. Discussions centre around financial and policy-level support.

  • Tata Steel Workers to Strike Over Job Cuts - 21 Jun, 2024

    Tata Steel faces an indefinite strike by around 1,500 workers in Port Talbot and Llanwern in Wales starting July 8 over its plan to cut 2,800 jobs and close two blast furnaces.

  • Tata Steel to Pay Dividend of ₹3.60 per Share - 19 Jun, 2024

    Tata Steel Limited has announced a dividend payment of ₹3.60 per share, resulting in a 2% yield for shareholders. However, the company is paying out a large amount of its cash flows despite not generating any profit, making the current payout levels unsustainable. With EPS growth hard to come by and an unstable dividend history, Tata Steel may not be a great stock for income-focused investors.

  • Tata Steel Outperforms JSW Steel as Prices Rise - 18 Jun, 2024

    Tata Steel has returned at least 25% this year, outperforming JSW Steel. Steel prices are rising and coking coal prices have fallen by about 12% YoY in the June quarter.

Insights on Tata Steel Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 9.79% to 10.10% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 19.37% to 19.61% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 55.61K Cr → 58.90K Cr (in ₹), with an average increase of 5.6% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, -6.19K Cr → 611.48 Cr (in ₹), with an average increase of 661.5% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 33.19% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 86.9% return, outperforming this stock by 43.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 155.4% return, outperforming this stock by 121.1%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, TATASTEEL stock has moved down by -6.9%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 23.52% to 22.86% in Mar 2024 quarter

Tata Steel Ltd Infographics

Tata Steel Ltd Q2 FY2023-2024 Results: Key Insights

Let's find out how Tata Steel performed this quarter (Q2FY24)

  • Let's find out how Tata Steel performed this quarter (Q2FY24)
  • Revenue from operations declines by 7% due to challenging macro-economic factors
  • Total expenses declined by 3% due to decline in cost of materials consumed
  • Expense breakdown-cost of materials consumed 37% of total expenses
  • Net Profit declines by almost 500% due to massive impairment and restructuring costs in UK
  • Crude steel production was around 5 million tons up 5% on YoY basis

News

1:10 Split, 1:2 Bonus, 360% Dividend: Tata's Steel Stock Advised To ACCUMULATE As Prices Fall; Rs 186/TP By PL

The brokerage is expecting domestic steel prices to decline further as global pricing is on a downtick amidst a seasonally weak quarter. In such a scenario, Pra... Read more

15 Jul, 2024 08:26 AM

Stocks that will see action today: 15 July 2024

Buzzing Stocks Today, Stocks that will see action today: July 15, 2024 - Tata Steel, Signature Global, Sunteck Realty, Macrotech Developers, IREDA, RVNL, PTC In... Read more

15 Jul, 2024 08:33 AM

Tata Steel says sites available to double its manufacturing capacity

In India, Tata Steel largely operates in Jamshedpur and Gamharia in Jharkhand, as well as in Kalinganagar and Meramandali in Odisha.

15 Jul, 2024 04:43 PM
View More

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹58,445.89Cr
↑6.79%
Net Income
₹554.56Cr
↑6.21%
Net Profit Margin
0.95%
-
2024Y/Y Change
Revenue
₹2,29,170.78Cr
↓5.83%
Net Income
-₹4,909.61Cr
↓160.80%
Net Profit Margin
-2.14%
↓164.46%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹2,52,187.25Cr
↑1.17%
Total Liabilities
₹1,14,493.60Cr
↑1.64%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹27,328.27Cr
↑102.35%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
33.19%
0.00
Foreign Institutions
19.61%
1.23
Mutual Funds
10.1%
3.21
Retail Investors
22.86%
-2.83
Others
14.24%
0.79

Key Indicators

Tata Steel Ltd Valuation

Tata Steel Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-109.68x)

March 30, 2021

Today (-46.34x)

July 12, 2024

Industry (29.78x)

July 12, 2024

Highest (98.47x)

September 15, 2023

LowHigh

Earnings and Dividends

  • Tata Steel Ltd Earnings Results

    Tata Steel Ltd’s net profit fell -64.13% since last year same period to ₹611.48Cr in the Q4 2023-2024. On a quarterly growth basis, Tata Steel Ltd has generated 19.11% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Tata Steel Ltd Dividends May,2024

    In the quarter ending March 2024, Tata Steel Ltd has declared dividend of ₹3.60 - translating a dividend yield of 2.13%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Tata Steel Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Tata Steel Ltd (TATASTEEL) share price today is ₹166.76

Tata Steel Ltd is listed on NSE

Tata Steel Ltd is listed on BSE

  • Today’s highest price of Tata Steel Ltd is ₹168.99.
  • Today’s lowest price of Tata Steel Ltd is ₹165.8.

PE Ratio of Tata Steel Ltd is -46.34

PE ratio = Tata Steel Ltd Market price per share / Tata Steel Ltd Earnings per share

Today’s traded volume of Tata Steel Ltd(TATASTEEL) is 3.26Cr.

Today’s market capitalisation of Tata Steel Ltd(TATASTEEL) is ₹210584.62Cr.

Tata Steel Ltd(TATASTEELPrice
52 Week High
₹184.6
52 Week Low
₹114.35

Tata Steel Ltd(TATASTEEL) share price is ₹166.76. It is down -9.66% from its 52 Week High price of ₹184.6

Tata Steel Ltd(TATASTEEL) share price is ₹166.76. It is up 45.83% from its 52 Week Low price of ₹114.35

Tata Steel Ltd(TATASTEELReturns
1 Day Returns
-1.93%
1 Month Returns
-6.86%
3 Month Returns
4.87%
1 Year Returns
43.26%