Tata Steel Ltd.

•

tatasteel.comBSE: 500470NSE: TATASTEEL

Market Cap₹ 2,28,260 Cr.

Current Price

High / Low₹ 224 / 160

Stock P/E20.7

Book Value₹ 82

Price to Book2.38

Dividend Yield2.19 %

ROCE12.7 %

ROE11.4 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Steel: 95.5% • Others: 4.5%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 8.58x)
Company has been maintaining a healthy dividend payout of 46.2%
Working capital cycle has improved - days down from -30 to -39
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Institutional investors have been accumulating - FII+DII up 2.1pp

CONS

Company has a low return on equity of 3.3% over last 3 years
Company has a low return on capital employed of 8.4%
Company has delivered a poor profit growth of 5.9% over past five years
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY50 VALUE 20

S.No.	Name
1.	JSWSTEEL	1267.50	12.51	309961.29	0.56	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	182.85	20.69	228259.99	2.19	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	179.00	17.31	73936.40	1.31	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2676.25	30.57	70596.97	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	755.20	19.16	62260.17	0.53	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2153.00	48.64	59779.85	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1074.35	26.70	29988.53	0.42	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.15	45.47	19682.88	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	524.75	16.37	18491.21	0.38	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	244.50	20.41	16460.69	0.41	222.37	2.75	1750.47	32.29	20.20	19.36
12.	USHAMART	494.15	29.70	15058.83	0.76	142.04	40.90	1033.00	16.44	20.17	20.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59,016	55,107	54,727	58,446	54,412	53,490	53,231	55,707	52,744	58,216	56,646	62,687	60,794
	54,316	51,414	49,048	52,087	48,077	47,763	47,745	49,659	45,751	49,793	48,803	53,441	56,940
Operating Profit	4,700	3,693	5,679	6,359	6,335	5,726	5,486	6,048	6,993	8,423	7,843	9,246	3,854
OPM %	7.96%	6.70%	10.38%	10.88%	11.64%	10.71%	10.31%	10.86%	13.26%	14.47%	13.85%	14.75%	6.34%
	1,190	-6,671	-106	-419	-98	617	95	72	157	-57	361	-92	578
Interest	1,825	1,959	1,881	1,842	1,777	1,971	1,804	1,789	1,852	1,775	1,747	1,792	1,771
Depreciation	2,412	2,480	2,422	2,568	2,535	2,597	2,569	2,720	2,744	2,893	3,049	3,268	3,640
Profit before Tax	2,127	-6,842	1,855	1,772	2,284	2,190	1,625	2,123	2,987	4,172	3,765	4,676	3,838
Tax %	62.56%	3.33%	75.80%	70.79%	63.84%	64.18%	84.71%	47.05%	35.47%	24.91%	30.24%	39.46%	37.84%
Net Profit	0	0	0	0	919	759	295	1,201	2,007	3,183	2,730	2,965	2,385
	0.52	-5.07	0.42	0.49	0.77	0.67	0.26	1.04	1.67	2.49	2.16	2.34	1.86

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,12,299	1,23,249	1,57,669	1,48,972	1,56,477	2,43,959	2,43,353	2,29,171	2,18,543	2,32,140	2,38,344
	95,360	1,01,945	1,28,286	1,31,150	1,25,973	1,80,469	2,11,096	2,06,893	1,93,244	1,97,788	2,08,977
Operating Profit	16,940	21,304	29,383	17,822	30,504	63,490	32,257	22,278	25,298	34,352	29,367
OPM %	15.08%	17.29%	18.64%	11.96%	19.49%	26.02%	13.26%	9.72%	11.58%	14.80%	12.32%
	-3,729	10,610	1,300	-3,102	-148	651	1,194	-5,977	686	369	791
Interest	5,072	5,455	7,660	7,581	7,607	5,462	6,299	7,508	7,341	7,167	7,085
Depreciation	5,673	5,742	7,342	8,708	9,234	9,101	9,335	9,882	10,421	11,955	12,850
Profit before Tax	2,474	20,956	15,906	-1,380	13,844	50,227	18,235	-1,147	8,413	15,969	16,450
Tax %	112.30%	16.19%	42.24%	184.93%	40.84%	16.88%	55.72%	-328.02%	62.27%	31.83%	33.28%
Net Profit	-304	17,564	9,187	1,172	8,190	41,749	8,075	-4,910	3,174	10,886	10,975
EPS	-42.89	128.10	87.74	11.86	63.78	33.21	7.17	-3.56	2.74	8.65	—
Dividend Payout %	-22.87%	8.52%	14.56%	73.54%	39.97%	15.51%	50.18%	-101.18%	131.26%	46.22%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 8%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 8%
3 Years:: 7%

STOCK PRICE CAGR

10 Years:: 18%
5 Years:: 5%
3 Years:: 12%
1 Year:: 8%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 12%
3 Years:: 3%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	970	1,145	1,145	1,145	1,197	1,221	1,221	1,247	1,247	1,247
Minority Interest	1,602	937	2,364	2,587	3,270	2,655	2,093	397	183	1,613
	34,574	57,451	65,505	70,156	72,262	1,13,222	1,01,861	90,788	89,922	1,00,920
	87,198	93,025	95,176	1,16,960	89,946	78,381	79,687	74,509	89,996	91,632
Trade Payables	18,803	20,414	21,717	21,381	25,967	36,765	37,833	30,228	29,314	34,810
	29,300	35,752	46,866	36,920	51,267	50,178	62,701	72,143	64,796	66,292
Total Liabilities	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
	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
Capital Work in Progress	15,514	16,160	17,957	18,862	18,129	21,228	30,308	33,370	40,602	27,510
	12,457	17,899	5,738	6,285	10,682	13,140	8,410	6,258	6,194	7,089
	25,582	28,331	31,656	31,069	33,276	48,824	54,415	49,158	44,590	47,249
	0	0	0	0	0	0	0	6,264	5,260	4,917
Cash & Bank	4,922	7,938	3,341	8,055	5,782	15,899	13,357	8,678	11,647	10,058
	21,965	42,289	49,639	50,328	40,265	50,043	32,284	16,772	16,252	19,784
Total Assets	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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12,667	10,912	30,430	22,275	45,031	56,283	27,202	20,301	23,138	35,064
Cash from Investing	-9,076	-12,026	-29,211	-14,530	-9,323	-10,881	-18,680	-14,251	-13,798	-14,905
Cash from Financing	-2,579	6,640	-673	-1,695	-37,090	-23,401	-6,981	-11,097	-7,002	-21,387
	-831	2,638	-4,548	3,944	-2,086	10,099	-3,977	-5,048	2,337	-1,228

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
33.19	33.19	33.19	33.19	33.19	33.19	33.19	33.19	32.94
19.68	19.25	18.53	18.29	17.22	17.29	17.49	18.58	18.90
23.33	22.67	23.52	24.48	26.07	26.92	26.98	26.67	26.44
0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
22.98	24.01	24.06	23.35	22.83	21.92	21.68	20.90	21.05

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - Tata Steel Limited has informed the Exchange about Intimation of Schedule of Analyst / Institutional Investor Meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2026-08-31

Diversification/Disinvestment

2026-08-31 - Tata Steel Limited has informed the Exchange about divestment of entire stake held in Jamshedpur Football and Sporting Private Limited, wholly owned subsidiary

2026-08-27

Acquisition

2026-08-27 - Tata Steel Limited has informed the Exchange about acquisition of equity stake in T Steel Holdings Pte. Ltd

2026-08-27

Change in Management

2026-08-27 - Tata Steel Limited has informed the Exchange about Changes in Senior Management Personnel of Tata Steel Limited

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Tata Steel Limited has informed the Exchange about Schedule of meet

2026-08-26

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-26 - Tata Steel Limited has informed the Exchange about disclosure under Regulation 30 read with Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

2026-08-26

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-26 - Tata Steel Limited has informed the Exchange about disclosure under Regulations 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-08-25

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-25 - Tata Steel Limited has informed the Exchange about disclosure under Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-08-20

Acquisition

2026-08-20 - Tata Steel Limited has informed the Exchange about acquisition of equity stake in TM International Logistics Limited

News

Recent coverage and analyst commentary for TATASTEEL

Loading news…

🤖

AI Stock Analyst

Tata Steel Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

JSWSTEEL

1267.50

12.51

309961.29

0.56

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

182.85

20.69

228259.99

2.19

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

179.00

17.31

73936.40

1.31

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2676.25

30.57

70596.97

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

755.20

19.16

62260.17

0.53

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2153.00

48.64

59779.85

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1074.35

26.70

29988.53

0.42

3507.30

1106.63

54550.90

1133.35

13.88

14.03

JINDALSAW

311.85

30.52

19943.06

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.15

45.47

19682.88

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

524.75

16.37

18491.21

0.38

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

244.50

20.41

16460.69

0.41

222.37

2.75

1750.47

32.29

20.20

19.36

USHAMART

494.15

29.70

15058.83

0.76

142.04

40.90

1033.00

16.44

20.17

20.62

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

59,016

55,107

54,727

58,446

54,412

53,490

53,231

55,707

52,744

58,216

56,646

62,687

60,794

54,316

51,414

49,048

52,087

48,077

47,763

47,745

49,659

45,751

49,793

48,803

53,441

56,940

Operating Profit

4,700

3,693

5,679

6,359

6,335

5,726

5,486

6,048

6,993

8,423

7,843

9,246

3,854

OPM %

7.96%

6.70%

10.38%

10.88%

11.64%

10.71%

10.31%

10.86%

13.26%

14.47%

13.85%

14.75%

6.34%

1,190

-6,671

-106

-419

-98

617

157

-57

361

-92

578

Interest

1,825

1,959

1,881

1,842

1,777

1,971

1,804

1,789

1,852

1,775

1,747

1,792

1,771

Depreciation

2,412

2,480

2,422

2,568

2,535

2,597

2,569

2,720

2,744

2,893

3,049

3,268

3,640

Profit before Tax

2,127

-6,842

1,855

1,772

2,284

2,190

1,625

2,123

2,987

4,172

3,765

4,676

3,838

Tax %

62.56%

3.33%

75.80%

70.79%

63.84%

64.18%

84.71%

47.05%

35.47%

24.91%

30.24%

39.46%

37.84%

Net Profit

919

759

295

1,201

2,007

3,183

2,730

2,965

2,385

0.52

-5.07

0.42

0.49

0.77

0.67

0.26

1.04

1.67

2.49

2.16

2.34

1.86

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,12,299

1,23,249

1,57,669

1,48,972

1,56,477

2,43,959

2,43,353

2,29,171

2,18,543

2,32,140

2,38,344

95,360

1,01,945

1,28,286

1,31,150

1,25,973

1,80,469

2,11,096

2,06,893

1,93,244

1,97,788

2,08,977

Operating Profit

16,940

21,304

29,383

17,822

30,504

63,490

32,257

22,278

25,298

34,352

29,367

OPM %

15.08%

17.29%

18.64%

11.96%

19.49%

26.02%

13.26%

9.72%

11.58%

14.80%

12.32%

-3,729

10,610

1,300

-3,102

-148

651

1,194

-5,977

686

369

791

Interest

5,072

5,455

7,660

7,581

7,607

5,462

6,299

7,508

7,341

7,167

7,085

Depreciation

5,673

5,742

7,342

8,708

9,234

9,101

9,335

9,882

10,421

11,955

12,850

Profit before Tax

2,474

20,956

15,906

-1,380

13,844

50,227

18,235

-1,147

8,413

15,969

16,450

Tax %

112.30%

16.19%

42.24%

184.93%

40.84%

16.88%

55.72%

-328.02%

62.27%

31.83%

33.28%

Net Profit

-304

17,564

9,187

1,172

8,190

41,749

8,075

-4,910

3,174

10,886

10,975

EPS

-42.89

128.10

87.74

11.86

63.78

33.21

7.17

-3.56

2.74

8.65

—

Dividend Payout %

-22.87%

8.52%

14.56%

73.54%

39.97%

15.51%

50.18%

-101.18%

131.26%

46.22%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

970

1,145

1,197

1,221

1,247

Minority Interest

1,602

937

2,364

2,587

3,270

2,655

2,093

397

183

1,613

34,574

57,451

65,505

70,156

72,262

1,13,222

1,01,861

90,788

89,922

1,00,920

87,198

93,025

95,176

1,16,960

89,946

78,381

79,687

74,509

89,996

91,632

Trade Payables

18,803

20,414

21,717

21,381

25,967

36,765

37,833

30,228

29,314

34,810

29,300

35,752

46,866

36,920

51,267

50,178

62,701

72,143

64,796

66,292

Total Liabilities

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

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

Capital Work in Progress

15,514

16,160

17,957

18,862

18,129

21,228

30,308

33,370

40,602

27,510

12,457

17,899

5,738

6,285

10,682

13,140

8,410

6,258

6,194

7,089

25,582

28,331

31,656

31,069

33,276

48,824

54,415

49,158

44,590

47,249

6,264

5,260

4,917

Cash & Bank

4,922

7,938

3,341

8,055

5,782

15,899

13,357

8,678

11,647

10,058

21,965

42,289

49,639

50,328

40,265

50,043

32,284

16,772

16,252

19,784

Total Assets

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

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

12,667

10,912

30,430

22,275

45,031

56,283

27,202

20,301

23,138

35,064

Cash from Investing

-9,076

-12,026

-29,211

-14,530

-9,323

-10,881

-18,680

-14,251

-13,798

-14,905

Cash from Financing

-2,579

6,640

-673

-1,695

-37,090

-23,401

-6,981

-11,097

-7,002

-21,387

-831

2,638

-4,548

3,944

-2,086

10,099

-3,977

-5,048

2,337

-1,228

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

33.19

32.94

19.68

19.25

18.53

18.29

17.22

17.29

17.49

18.58

18.90

23.33

22.67

23.52

24.48

26.07

26.92

26.98

26.67

26.44

0.01

22.98

24.01

24.06

23.35

22.83

21.92

21.68

20.90

21.05

Tata Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Tata Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI