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Tata Steel Ltd.
TATASTEELLarge CapNSEBSE
Metals & Mining · Metals & Mining
₹185.23down 1.57down 0.84 percentas of 28 Aug 2026
Book value ₹81.24Div yield 2.16%
Key metrics
- Market Cap
- 2,27,198.65 ₹ cr
- P/E
- 21.55 x
- P/B
- 2.28 x
- ROE
- 20.08%
- ROCE
- 21.28%
- Debt to Equity
- 0.47 x
- Net Margin
- 12.34%
- Dividend Yield
- 2.16%
- Revenue Growth (YoY)
- 14.32%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE below 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in 2 of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 32.9% (pledge data not available).
- Debt-to-equity 0.47 — above the Metals & Mining median of 0.35.
TATASTEEL
₹185.23down 0.84 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatModerate Return
10.21%ROCE
ROE: 10.56%·P/B: 2.28x
2. Forensic Health & SolvencyPiotroski 7/9 · Strong Health
7/9Piotroski Score
Altman: 1.1 (Grey Zone)
3. Valuation & DCF SpreadFairly Valued
₹188DCF Fair Value
CMP: ₹185.2
4. Ownership & GovernanceClean Promoter Holding
32.94%Promoter Stake
Pledged: 0.0%·Inst: 33.61%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #16 of 26 in Metals & MiningQVGM 53/100
Quality (Q)68
ROE, ROCE, Margins & Cash Conversion
Value (V)73
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)22
3Y Sales & EPS Compounded Growth
Momentum (M)45
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #16 of 26 in Metals & Mining
Valuation
Strong73/100
P/E Ratio:21.55x
P/B Ratio:2.28x
Dividend Yield:2.16%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak22/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Moderate68/100
ROE:10.6%
ROCE:10.2%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Strong78/100
Piotroski F-Score:7/9
Altman Z-Score:1.10
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate45/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹156.17
From 52W High-16.23%
52-Week High₹221.13
Valuation MultiplesCash Flow & Yield
PEG Ratio2.03
Earnings Yield146.37%
Price / FCF2,151.30
FCF Yield0.05%
Payout Ratio1.48%
Net-Net Ratio-1.28
Solvency & SafetyPiotroski & Altman
Piotroski F-Score7/9
Altman Z-Score1.10
Graham Number₹703.98
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +0.32%
DII Stake:▲ +0.24%
OPM Margin:▲ +2.41%
Net Margin:▲ +3.08%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▼ 3.91% | ▲ +14.32% | 6.22% | -1.56% | 8.21% |
| Net Profit Growth | ▼ 20.76% | ▲ +11.58% | 215.56% | 7.21% | 7.58% |
| EPS Growth | ▼ 18.73% | ▲ +16.57% | 214.61% | 10.61% | 7.31% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — TATASTEEL
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹194.5
Verdict:Fairly Valued (+5.0%)
Benjamin Graham Number
₹133.6
-27.9% vs CMPPeter Lynch Fair Value
₹450.9
+143.4% vs CMPReverse DCF Implied Growth
5.7% CAGR
Realistic Market ExpectationsValuation Spectrum PositioningCMP: ₹185.2
₹0 (Distress)CMP: ₹185DCF: ₹195Graham: ₹134
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹21,736 | 0.8969 | ₹19,494 |
| Year 2 | 6% | ₹23,040 | 0.8044 | ₹18,532 |
| Year 3 | 6% | ₹24,422 | 0.7214 | ₹17,618 |
| Year 4 | 6% | ₹25,888 | 0.6470 | ₹16,749 |
| Year 5 | 6% | ₹27,441 | 0.5803 | ₹15,923 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹208 +12% | ₹244 +32% | ₹266 +44% | ₹294 +59% | ₹369 +99% |
| 11.0% | ₹173 -7% | ₹199 +7% | ₹215 +16% | ₹233 +26% | ₹282 +52% |
| 11.5% | ₹159 -14% | ₹181 -2% | ₹195 +5% | ₹210 +13% | ₹250 +35% |
| 12.0% | ₹146 -21% | ₹165 -11% | ₹177 -4% | ₹190 +3% | ₹224 +21% |
| 13.0% | ₹124 -33% | ₹139 -25% | ₹148 -20% | ₹158 -15% | ₹182 -2% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E21.55current
ReportedComputed, approximate
P/B2.28current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 21.55 | 2.28 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.47 / 5)
Strong Buy:10
Buy:8
Hold:9
Sell:4
Strong Sell:3
Coverage: 34 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:26.36%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +17.69%
Mean Target₹218.00vs CMP ₹185.23
High Target₹260.00+40.4% max upside
Low Target₹175.00-5.5% downside
Median Target₹220.0034 estimates
Low: ₹175.00Mean: ₹218.00High: ₹260.00
Mean Target Current Price (₹185.23)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹0.97
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹0.51
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹0.57
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹0.69
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹1.78
Low:—
High:—
FY2025E5 Analysts
Mean Estimate
₹0.66
Low:—
High:—
FY2025E3 Analysts
Mean Estimate
₹0.36
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹1.35
Low:—
High:—
FY2026E3 Analysts
Mean Estimate
₹5.06
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹2.83
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹2.27
Low:—
High:—
FY2026E3 Analysts
Mean Estimate
₹1.78
Low:—
High:—
FY2027E2 Analysts
Mean Estimate
₹3.58
Low:₹3.00
High:₹4.00
FY2027E4 Analysts
Mean Estimate
₹2.14
Low:—
High:—
FY2027E2 Analysts
Mean Estimate
₹5.03
Low:₹3.00
High:₹6.00
FY2027E2 Analysts
Mean Estimate
₹3.41
Low:₹3.00
High:₹3.00
FY2028E1 Analysts
Mean Estimate
₹4.63
Low:₹4.00
High:₹4.00
FY2028E1 Analysts
Mean Estimate
₹5.06
Low:₹5.00
High:₹5.00
FY2028E1 Analysts
Mean Estimate
₹4.62
Low:₹4.00
High:₹4.00
FY2028E1 Analysts
Mean Estimate
₹4.79
Low:₹4.00
High:₹4.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹0.97 | — | — | — |
| FY2024 Forecast | ₹0.51 | — | — | — |
| FY2024 Forecast | ₹0.57 | — | — | — |
| FY2024 Forecast | ₹0.69 | — | — | — |
| FY2025 Forecast | ₹1.78 | — | — | — |
| FY2025 Forecast | ₹0.66 | — | — | 5 |
| FY2025 Forecast | ₹0.36 | — | — | 3 |
| FY2025 Forecast | ₹1.35 | — | — | 4 |
| FY2026 Forecast | ₹5.06 | — | — | 3 |
| FY2026 Forecast | ₹2.83 | — | — | 1 |
| FY2026 Forecast | ₹2.27 | — | — | 2 |
| FY2026 Forecast | ₹1.78 | — | — | 3 |
| FY2027 Forecast | ₹3.58 | ₹4.00 | ₹3.00 | 2 |
| FY2027 Forecast | ₹2.14 | — | — | 4 |
| FY2027 Forecast | ₹5.03 | ₹6.00 | ₹3.00 | 2 |
| FY2027 Forecast | ₹3.41 | ₹3.00 | ₹3.00 | 2 |
| FY2028 Forecast | ₹4.63 | ₹4.00 | ₹4.00 | 1 |
| FY2028 Forecast | ₹5.06 | ₹5.00 | ₹5.00 | 1 |
| FY2028 Forecast | ₹4.62 | ₹4.00 | ₹4.00 | 1 |
| FY2028 Forecast | ₹4.79 | ₹4.00 | ₹4.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
2 Factors- •Strong cash generation: Operating Cash Flow is 324.9% of reported Net Profit.
- •High institutional backing: FIIs & DIIs hold a combined 33.6%.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score7 / 9
● Strong (High Quality)
Altman Z-Score1.10
● Grey Zone
Moderate risk; company exhibits average leverage and liquidity.
Beneish M-Score-3.16
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
190.0%Elite Cash Quality (>100%)
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
8.8%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
41.5%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹10,794 CrInflow
10,794
+ D&A Non-Cash Charge₹11,957 CrAdd-back
11,957
Working Capital Adjustment₹12,314 Cr+ Cash
12,314
= Operating Cash Flow (CFO)₹35,064 CrOperating Cash
35,064
- Capital Expenditures (CapEx)-₹14,559 CrReinvestment
14,559
= Free Cash Flow (FCF)₹20,505 CrFree Cash Flow
20,505
- Dividends & Debt Repayment-₹2,375 CrCapital Return
2,375
= Net Change in Cash₹18,130 CrNet Balance
18,130
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹1.58 L | ₹1.49 L | ₹1.56 L | ₹2.44 L | ₹2.43 L | ₹2.29 L | ₹2.19 L | ₹2.32 L |
| Operating profit | — | — | — | — | ₹22,706.43 | ₹5,162.44 | ₹22,172.37 | ₹55,506.04 | ₹24,705.04 | ₹4,581.83 | ₹14,363.36 | ₹20,862.84 |
| OPM | — | — | — | — | 14.40% | 3.47% | 14.17% | 22.75% | 10.15% | 2.00% | 6.57% | 8.99% |
| Net profit | — | — | — | — | ₹10,218.33 | ₹1,556.54 | ₹7,490.22 | ₹40,153.93 | ₹8,760.40 | ₹-4,437.44 | ₹3,420.51 | ₹10,793.87 |
| EPS | — | — | — | — | 8.76 | 3.85 | 6.81 | 33.27 | 7.16 | 0.02 | 3.08 | 9.69 |
| Net margin | — | — | — | — | 6.48% | 1.04% | 4.79% | 16.46% | 3.60% | -1.94% | 1.57% | 4.65% |
| ROE | — | — | — | — | 14.83% | 2.12% | 10.09% | 35.09% | 8.50% | -4.82% | 3.75% | 10.56% |
| ROCE | 1.00% | 1.00% | 6.00% | 12.00% | 13.16% | 2.73% | 12.70% | 28.49% | 12.95% | 2.62% | 7.43% | 10.21% |
| Debt / equity | — | — | — | — | 1.46 | 1.58 | 1.19 | 0.66 | 0.82 | 0.95 | 1.04 | 0.90 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 6.22% | -1.56% | 8.21% | — |
| Net profit | 215.56% | 7.21% | 7.58% | — |
| EPS | 214.61% | 10.61% | 7.31% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹2.34 L | ₹2.50 L | ₹2.45 L | ₹2.85 L | ₹2.88 L | ₹2.73 L | ₹2.79 L | ₹3.01 L |
| Total liabilities | — | — | — | — | ₹1.65 L | ₹1.77 L | ₹1.71 L | ₹1.71 L | ₹1.85 L | ₹1.81 L | ₹1.88 L | ₹1.99 L |
| Total equity | — | — | — | — | ₹68,925.08 | ₹73,576.30 | ₹74,238.77 | ₹1.14 L | ₹1.03 L | ₹92,035.76 | ₹91,169.63 | ₹1.02 L |
| Total debt | — | — | — | — | ₹1.01 L | ₹1.16 L | ₹88,501.41 | ₹75,561.35 | ₹84,893.05 | ₹87,082.12 | ₹94,801.05 | ₹92,381.68 |
| Cash | — | — | — | — | ₹2,975.53 | ₹7,541.96 | ₹5,532.08 | ₹15,604.68 | ₹12,129.90 | ₹7,080.84 | ₹9,604.96 | ₹8,975.50 |
| Current assets | — | — | — | — | ₹58,990.98 | ₹58,732.72 | ₹60,211.90 | ₹92,556.61 | ₹86,665.54 | ₹70,548.24 | ₹68,391.54 | ₹72,520.17 |
| Current liabilities | — | — | — | — | ₹61,034.13 | ₹61,660.91 | ₹70,867.13 | ₹90,588.00 | ₹97,295.13 | ₹98,403.48 | ₹86,093.55 | ₹96,917.64 |
| Inventory | — | — | — | — | ₹31,656.10 | ₹31,068.72 | ₹33,276.38 | ₹48,824.39 | ₹54,415.33 | ₹49,157.51 | ₹44,589.94 | ₹47,249.22 |
| Receivables | — | — | — | — | ₹11,853.10 | ₹7,918.84 | ₹9,570.17 | ₹12,275.20 | ₹8,292.15 | ₹6,339.18 | ₹5,406.78 | ₹4,990.24 |
| Payables | — | — | — | — | ₹21,716.96 | ₹21,380.85 | ₹25,967.49 | ₹36,764.87 | ₹37,832.54 | ₹35,434.66 | ₹29,314.38 | ₹34,810.14 |
| Net PP&E | — | — | — | — | ₹1.36 L | ₹1.47 L | ₹1.47 L | ₹1.46 L | ₹1.58 L | ₹1.64 L | ₹1.74 L | ₹1.87 L |
| Retained earnings | — | — | — | — | ₹30,114.90 | ₹34,762.32 | ₹33,126.82 | ₹72,824.05 | ₹65,348.27 | ₹52,791.26 | ₹51,662.37 | ₹57,642.71 |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹25,335.95 | ₹20,168.72 | ₹44,326.68 | ₹44,380.99 | ₹21,683.08 | ₹20,300.67 | ₹23,511.81 | ₹35,064.46 |
| Capital expenditure | — | — | — | — | ₹-9,091.00 | ₹-10,398.00 | ₹-6,978.59 | ₹-10,522.20 | ₹-14,142.49 | ₹-18,206.60 | ₹-15,670.52 | ₹-14,559.05 |
| Free cash flow | — | — | — | — | ₹16,244.95 | ₹9,770.72 | ₹37,348.09 | ₹33,858.79 | ₹7,540.59 | ₹2,094.07 | ₹7,841.29 | ₹20,505.41 |
| OCF / net profit | — | — | — | — | 2.48 | 12.96 | 5.92 | 1.11 | 2.48 | -4.57 | 6.87 | 3.25 |
| FCF / Capex intensity | — | — | — | — | 5.77 | 6.98 | 4.46 | 4.31 | 5.81 | 7.94 | 7.17 | 6.27 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹78,220.48 | ₹65,320.86 | ₹79,799.42 | ₹1.27 L | ₹92,188.60 | ₹91,678.21 | ₹94,098.07 | ₹1.08 L |
| Cost of revenue | — | — | — | — | ₹79,448.51 | ₹83,650.85 | ₹76,677.98 | ₹1.17 L | ₹1.51 L | ₹1.37 L | ₹1.24 L | ₹1.24 L |
| EBITDA | — | — | — | — | ₹30,298.87 | ₹14,078.22 | ₹31,490.85 | ₹64,615.92 | ₹34,047.31 | ₹14,470.19 | ₹24,789.75 | ₹32,819.85 |
| Income before tax | — | — | — | — | ₹15,905.72 | ₹-1,380.44 | ₹13,843.69 | ₹50,226.87 | ₹18,235.12 | ₹-1,147.04 | ₹8,412.87 | ₹15,968.69 |
| Interest expense | — | — | — | — | ₹7,124.55 | ₹6,782.11 | ₹8,604.65 | ₹5,579.91 | ₹6,565.50 | ₹6,852.83 | ₹6,374.52 | ₹5,173.09 |
| Tax expense | — | — | — | — | ₹6,718.43 | ₹-2,552.90 | ₹5,653.90 | ₹8,477.55 | ₹10,159.77 | ₹3,762.57 | ₹5,239.09 | ₹5,082.87 |
| D&A | — | — | — | — | ₹7,592.44 | ₹8,915.78 | ₹9,318.48 | ₹9,109.88 | ₹9,342.27 | ₹9,888.36 | ₹10,426.39 | ₹11,957.01 |
| EBITDA margin | — | — | — | — | 19.22% | 9.45% | 20.12% | 26.49% | 13.99% | 6.31% | 11.34% | 14.14% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 0.97 | 0.95 | 0.85 | 1.02 | 0.89 | 0.72 | 0.79 | 0.75 |
| Quick ratio | — | — | — | — | 0.45 | 0.45 | 0.38 | 0.48 | 0.33 | 0.22 | 0.28 | 0.26 |
| Interest coverage | — | — | — | — | 3.19 | 0.76 | 2.58 | 9.95 | 3.76 | 0.67 | 2.25 | 4.03 |
| Inventory days | 165.00 | 180.00 | 230.00 | 224.00 | 145.43 | 135.56 | 158.40 | 152.61 | 131.39 | 130.50 | 130.78 | 139.01 |
| Receivable days | 35.00 | 43.00 | 38.00 | 37.00 | 27.44 | 19.40 | 22.32 | 18.37 | 12.44 | 10.10 | 9.03 | 7.85 |
| Payable days | 126.00 | 167.00 | 172.00 | 161.00 | 99.77 | 93.29 | 123.61 | 114.91 | 91.35 | 94.07 | 85.98 | 102.42 |
| Cash conversion cycle | 74.00 | 56.00 | 96.00 | 99.00 | 73.10 | 61.67 | 57.12 | 56.06 | 52.48 | 46.53 | 53.83 | 44.44 |
| Working capital days | -6.00 | -47.00 | -32.00 | -31.00 | -18.00 | -38.00 | -55.00 | -34.00 | -42.00 | -59.00 | -50.00 | -56.00 |
| Fixed asset turnover | — | — | — | — | 1.16 | 1.01 | 1.07 | 1.67 | 1.54 | 1.39 | 1.26 | 1.24 |
| ROA | — | — | — | — | 4.37% | 0.62% | 3.05% | 14.07% | 3.04% | -1.62% | 1.22% | 3.58% |
| ROIC | — | — | — | — | 7.86% | -2.40% | 8.34% | 26.46% | 6.22% | 11.40% | 3.07% | 7.66% |
| Gross margin | — | — | — | — | 49.61% | 43.85% | 51.00% | 52.13% | 37.88% | 40.00% | 43.06% | 46.56% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
4.65%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.77
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.95
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
10.57%
Reported: 10.56%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 12 Jun 2026 | dividend | 400% |
| 2025 | 06 Jun 2025 | dividend | 360% |
| 2024 | 21 Jun 2024 | dividend | 360% |
| 2023 | 23 Jun 2023 | dividend | 360% |
| 2022 | 29 Jul 2022 | split | 1:10 |
| 17 Jun 2022 | dividend | 510% | |
| 2021 | 19 Jun 2021 | dividend | 250% |
| 2020 | 08 Aug 2020 | dividend | 100% |
| 2019 | 06 Jul 2019 | dividend | 130% |
| 06 Jul 2019 | dividend | 130% | |
| 2018 | 07 Jul 2018 | dividend | 100% |
| 01 Feb 2018 | rights | 4:25 | |
| 2017 | 22 Jul 2017 | dividend | 100% |
| 2016 | 30 Jul 2016 | dividend | 80% |
| 2015 | 25 Jul 2015 | dividend | 80% |
| 2014 | 16 Jul 2014 | dividend | 100% |
| 2013 | 17 Jul 2013 | dividend | 80% |
| 2012 | 18 Jul 2012 | dividend | 120% |
| 2011 | 06 Jul 2011 | dividend | 120% |
| 2010 | 14 Jul 2010 | dividend | 80% |
| 2009 | 08 Jul 2009 | dividend | 160% |
| 2008 | 21 Jul 2008 | dividend | 160% |
| 2007 | 05 Nov 2007 | rights | 1:5 |
| 12 Jun 2007 | dividend | 155% | |
| 2006 | 30 May 2006 | dividend | 130% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 6 dividend distributions
Latest Year DPS:₹4.00
Yield on CMP:2.16%
3Y Dividend CAGR:+3.6%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹33.80
₹4.0
2026
₹3.6
2025
₹3.6
2024
₹3.6
2023
₹12.8
2022
₹6.3
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 12 Jun 2026 | ₹4.00 | Final |
| 06 Jun 2025 | ₹3.60 | Final |
| 21 Jun 2024 | ₹3.60 | Final |
| 22 Jun 2023 | ₹3.60 | Final |
| 15 Jun 2022 | ₹12.75 | Final |
| 17 Jun 2021 | ₹6.25 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Metals & MiningCompare Peers in Studio
Market Cap2,27,198.65 ₹ cr
Beats 83% of 23 industry peers · median 50,821.95 ₹ cr
P/E21.55 x
Beats 45% of 20 industry peers · median 24.09 x
P/B2.28 x
Beats 25% of 20 industry peers · median 2.89 x
ROE20.08%
Beats 48% of 23 industry peers · median 20.18%
ROCE21.28%
Beats 52% of 23 industry peers · median 16.76%
Debt to Equity0.47 x
Beats 57% of 23 industry peers · median 0.35 x
Net Margin12.34%
Beats 52% of 23 industry peers · median 11.88%
Dividend Yield2.16%
Beats 79% of 19 industry peers · median 0.81%
Revenue Growth (YoY)14.32%
Beats 30% of 23 industry peers · median 23.98%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Adani Enterprises Ltd.ADANIENT | ₹3.95 L | 42.56 | 5.06 |
JSW Steel Ltd.JSWSTEEL | ₹3.23 L | 14.63 | 3.26 |
Hindustan Zinc Ltd.HINDZINC | ₹2.52 L | 19.02 | 11.63 |
Hindalco Industries Ltd.HINDALCO | ₹2.28 L | 17.23 | 1.70 |
Jindal Steel Ltd.JINDALSTEL | ₹1.19 L | 35.72 | 2.36 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Tata Steel Ltd. (TATASTEEL)
Indexed Documents6 Filings
Latest Disclosure30 Jul 2026
Secretarial Filing30 Jul 2026
Tata Steel Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Board Outcome19 Jul 2026
Tata Steel Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
AGM / EGM22 May 2026
Tata Steel Ltd: Notice of Annual General Meeting and Record Date for Dividend
Corporate Action20 May 2026
Tata Steel Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
Concall Transcript18 Mar 2026
Tata Steel Ltd: Transcript of Earnings Conference Call with Institutional Investors
News
- IndianAPITata Steel gets major Supreme Court relief in ₹890 crore GST dispute
Tata Steel gets relief as Supreme Court quashes ₹890.52 crore GST demand, equal penalty and interest in the tax dispute.
- IndianAPIStock market today: Sensex falls 170 points, Nifty 50 ends below 24,219; metal stocks shine
The Sensex ended at 77,369, down 172 points, or 0.22%, while the Nifty 50 closed 33 points, or 0.14%, lower at 24,219.05. The Nifty Midcap 150 index inched up by 0.07%, while the Smallcap 250 index declined 0.21%.
- IndianAPISensex falls 281 points, Nifty 50 ends at 24,288; mid, small-caps outperform
The Sensex closed 281 points, or 0.36%, lower at 77,728.16, while the Nifty 50 settled at 24,287.65, down 78 points, or 0.32%. The Nifty Midcap 100 index climbed by 0.05%, while the Nifty Smallcap 100 index rose by 0.36%.
- IndianAPIJamshedpur FC sold to Churchill Brothers for ₹100, ending Tata Steel ownership
Jamshedpur FC debuted in the ISL in 2017-18, winning the League Winners’ Shield in 2021-22. The club has been sold to Churchill Brothers, ending Tata Steel's ownership, and announced withdrawal from the upcoming season to focus on grassroots football.
- IndianAPITata CEOs, family scions seen in early list for new Tata Sons chairman
Tata Steel CEO T.V. Narendran and Tata Motors' Shailesh Chandra, as well as Noel Tata's son Neville Tata are emerging as contenders for Tata Sons chairman.
- IndianAPIJindal Steel targets 21 mt capacity by 2032, new MD seeks leadership stability
Managing director V.R. Sharma says the steelmaker will prioritize value-added specialized grades, internal leadership talent, and a measured 20–21 mt expansion rather than chasing volume at any cost.
- IndianAPIN. Chandrasekaran's tenure is a tale of two halves for Tata Group
N. Chandrasekaran, as Tata Sons chairman, delivered a strong first term, but a tougher second term saw listed-company growth slow and losses at new businesses mount.
- IndianAPIWho will be next chairman of Tata Sons as N Chandrasekaran exits? Speculation swirls around 'proven insider'
While Tata Trusts does not play a role in the day-to-day management of the conglomerate, its shareholding in the parent company gives it decisive influence over the group's future.
- IndianAPIN. Chandrasekaran’s exit illustrates how professionals and family businesses make for uneasy bed fellows in India
Natarajan Chandrasekaran was no outsider, yet his tenure as Tata Sons is ending after months of discord with Tata Trusts that's now controlled by Noel Tata.
- IndianAPIN. Chandrasekaran’s exit illustrates how professionals and family businesses make for uneasy bed fellows in India
Natarajan Chandrasekaran was no outsider, yet his tenure as Tata Sons is ending after months of discord with Tata Trusts that's now controlled by Noel Tata.
- IndianAPIStock recommendations for 13 August from MarketSmith India
MarketSmith India reveals its top stock recommendations for today, 13 August. Get expert insights into the best-performing stocks to guide your investment decisions.
- IndianAPIStock recommendations for 13 August from MarketSmith India
MarketSmith India reveals its top stock recommendations for today, 13 August. Get expert insights into the best-performing stocks to guide your investment decisions.
- IndianAPIChandra's tenure a tale of two halves for the Tata Group
Chandrasekaran’s tenure delivered a strong first term, but a tougher second term saw listed-company growth slow and losses at new businesses mount.
- IndianAPIFrom TCS, Tata Steel, to Tata Motors- Tata Group stocks decline as Tata Sons chairman N Chandrasekaran resigns
Most Tata Group stocks, including TCS, Tata Steel, and Tata Motors Passenger Vehicles, declined in Wednesday's session after reports emerged that Tata Sons Chairman N. Chandrasekaran had resigned.
- IndianAPIAll infrastructure isn’t made of concrete: natural formations are part of India’s climate defence
India’s mangroves, wetlands and forests protect its roads, ports and cities. But the national infra focus has mostly been on build-ups of steel and concrete. As climate threats rise, policy must recognize the value of natural ecosystems, not just man-made ones.
- IndianAPIAll infrastructure isn’t made of concrete: natural formations are part of India’s climate defence
India’s mangroves, wetlands and forests protect its roads, ports and cities. But the national infra focus has mostly been on build-ups of steel and concrete. As climate threats rise, policy must recognize the value of natural ecosystems, not just man-made ones.
- IndianAPIJSW Steel and Tata Steel choose different growth paths—one bets on scale, the other on value
While JSW Steel is expanding its production capacity aggressively through new projects and joint ventures, Tata Steel is betting on higher-margin, value-added products. Their strategies are more nuanced than stark and present different choices being made in a red-hot market for steel.
- IndianAPIJSW Steel and Tata Steel choose different growth paths—one bets on scale, the other on value
While JSW Steel is expanding its production capacity aggressively through new projects and joint ventures, Tata Steel is betting on higher-margin, value-added products. Their strategies are more nuanced than stark and present different choices being made in a red-hot market for steel.
- IndianAPICoal India to also mine iron ore, set to get Odisha block
State-run Coal India emerged as the winning bidder for the Gadadharpur iron ore block in Odisha with a 114% premium, marking its entry into a sector dominated by NMDC
- IndianAPICoal India to also mine iron ore, set to get Odisha block
State-run Coal India emerged as the winning bidder for the Gadadharpur iron ore block in Odisha with a 114% premium, marking its entry into a sector dominated by NMDC
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.