Tata Steel Ltd., a top Indian steel company, has a share price of Rs. 176.29. Its market value is Rs. 220,072 crore. The company’s shares are on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). They are also part of major indices like the BSE 100 and SENSEX.
Tata Steel‘s share price shows how investors feel about the company. It’s affected by the company’s earnings, the world economy, and market trends. Investors and analysts watch its stock to understand its future and make smart choices.
Key Takeaways
- Tata Steel’s current share price stands at Rs. 176.29, with a market capitalization of Rs. 220,072 crore.
- The company’s shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), and are included in key market indices.
- Tata Steel’s share price is a valuable indicator of investor sentiment, reflecting the company’s financial performance and market positioning.
- Investors and analysts closely follow Tata Steel’s stock performance to make informed investment decisions.
- The company’s business strategy focuses on cost competitiveness, efficiency, and capacity expansion to strengthen its product portfolio in India.
Company Overview
Tata Steel Ltd. is a top global steel company with a wide range of businesses. It leads in steel making, ferroalloys, and mining minerals. The company is based in Mumbai, Maharashtra, and works in many countries around the world.
About Tata Steel Ltd.
Tata Steel makes many products like ball bearings, hand tools, tubes, steel wires, and chrome. Its leaders include Ratan N. Tata, N. Chandrasekaran, and T.V. Narendran. They are experts in the industry.
The stock price of Tata Steel is ₹176.29, with a market value of ₹220,072.18 crore. Its P/B ratio is 2.39 and ROE is -4.82%. Over the last year, its profits have grown by 56.84%. The company made ₹4,851 crore in profits from ₹229,170 crore in sales. Its debt is relatively low, at 0.89 times equity.
| Metric | Tata Steel | JSW Steel | Hindalco |
|---|---|---|---|
| Market Cap | ₹220,072.18 crore | ₹147,254.45 crore | ₹129,798.96 crore |
| TTM PE Ratio | -49.59 | 10.99 | 17.82 |
| Debt to Equity Ratio | 0.89 | 0.76 | 1.00 |
Tata Steel works in many areas, including making ball bearings, hand tools, tubes, steel wires, and chrome mines. It is part of big indexes like BSE 100, BSE 200, SENSEX, NIFTY 50, and BSE 500.
“Tata Steel’s commitment to innovation and sustainable practices has been a key driver of its success in the global steel industry.”
Share Price Performance
Tata Steel’s share price has seen ups and downs in recent years. This shows how the steel industry goes through cycles. Over the last 12 months, the company’s stock has made a strong return of 56.84%. This is better than the Nifty 100 index, which returned 52.57%. But, it’s behind the Nifty Metal index, which went up 88.76%.
Recently, Tata Steel’s share price ended at ₹176.29. It hit a 52-week high of ₹184.60 and a low of ₹111.25. This shows how the company’s performance can change a lot. It also highlights the challenges it faces in the competitive steel market.
Recent Share Price Movement
Many things have affected Tata Steel’s share price. These include global steel market trends, the company’s financials, and industry news. The daily and weekly prices of Tata Steel stock have changed a lot. This shows how the steel industry goes through cycles.
| Time Period | Stock Performance |
|---|---|
| 1 Week | 2.21% increase |
| 1 Month | 1.22% increase |
| 3 Months | 7.77% increase |
| 1 Year | 26.11% increase |
| Year-to-Date | 55.94% increase |
The 52-week high and low data for Tata Steel stock is very useful. It shows how volatile the stock can be. By looking at recent price movements, investors can make better investment choices.
Tata Steel’s share price
The Tata Steel share price is a big deal for investors, analysts, and fans of the industry. Tata Steel is a top steel company in India. Its financial health and market position affect its stock price. Let’s look into how Tata Steel’s share price changes and what drives these changes.
Tata Steel’s Share Price Snapshot
The latest numbers show Tata Steel’s share price closed at ₹176.29, down 0.05% from the day before. But, the company’s stock has been doing well over time. It’s up 1.22% in a week, 10.91% in a month, and 7.89% in three months.
Looking at the big picture, Tata Steel’s stock has soared by 56.84% in a year and 55.18% over three years. This shows its strength and appeal in the market.
Tata Steel’s Financial Highlights
| Metric | Value |
|---|---|
| Market Capitalization | ₹2.20 Trillion |
| Dividend Yield (Indicated) | 2.06% |
| Basic EPS (TTM) | -₹3.65 |
| Net Income (FY) | -₹44.37 Billion |
| Revenue (FY) | ₹2.29 Trillion |
| Shares Float | 8.28 Billion |
| Beta (1Y) | 1.43 |
| Employees (FY) | 78,320 |
| Earnings Report Next Date | Aug 14, 2024 |
This financial data gives a full view of Tata Steel’s key numbers. It includes market cap, dividend yield, earnings per share, net income, revenue, shares float, beta, and employee count. These numbers are key to understanding the company’s financial health and its impact on the share price.
Tata Steel stock price analysis
Looking at the Tata Steel stock price, we see both ups and downs. The stock has jumped by 56.63% in a year. This is thanks to the company’s strategies, better market conditions, and more investor confidence. Yet, it dropped 1.35% in the past week, showing short-term ups and downs.
The stock hit an all-time high of ₹184.60 on June 18, 2024. This shows Tata Steel’s growth and its ability to give shareholders value. The stock’s price has ranged from ₹111.25 to ₹184.60 over a year, showing its dynamic nature.
The stock price chart visually shows Tata Steel’s share price changes. It helps investors and analysts understand the company’s market trends. This makes it easier to make informed decisions.
Industry Outlook and Tata Steel Share Price Analysis
The steel industry affects Tata Steel’s share price a lot. It’s influenced by global economic conditions, commodity prices, and industry trends. The company’s share price reflects the industry’s state and Tata Steel’s ability to adapt and find new opportunities.
Analysts are hopeful about Tata Steel’s future. The company has a strong brand, and a wide product range, and focuses on sustainability. This puts it in a good position in the changing industry. But, investors should watch for any news that could change the Tata Steel share price.
Stock Returns
Tata Steel’s stock has given strong returns over the years. It has a 3-year return of 60.19%, beating the Nifty 100 index’s 52.57%. But, it lagged behind the Nifty Metal index, which saw a 3-year return of 88.76%.
Tata Steel also rewards its shareholders with regular dividends. The current dividend yield is 2.04%. This adds more value for long-term investors.
| Performance Metric | Tata Steel | Nifty 100 | Nifty Metal |
|---|---|---|---|
| 3-Year Stock Return | 60.19% | 52.57% | 88.76% |
| Dividend Yield | 2.04% | N/A | N/A |
Tata Steel’s growth in stock price and steady dividends have boosted its total returns. This makes it a strong choice for investors looking at the steel sector.
“Tata Steel’s strong stock performance and consistent dividend payouts have made it a compelling investment for long-term investors in the steel industry.”
Even though its stock has not kept pace with the metal index, Tata Steel has shown resilience. It has managed to deliver solid returns thanks to its diverse business and ability to tackle industry challenges. Investors should keep an eye on its financial and operational health to gauge its future growth and dividend policies.
Peer Comparison
Tata Steel is a top steel producer in India, competing with big names like JSW Steel, Hindalco, and Jindal Steel. When we look at their financials, Tata Steel stands out in some ways but not all.
The company’s stock price is ₹176.25, with a market value of ₹220,022.24 crores. Its sales hit ₹140,987.43 crores, and profits were ₹4,807.40 crores. Tata Steel BSL, a part of Tata Steel, has a stock price of ₹85.55 and a market value of ₹9,354.38 crores. Their sales were ₹21,418.63 crores, and profits ₹2,445.98 crores.
Tata Steel’s valuation shows a P/E ratio of -49.59, lower than its competitors. But its P/B ratio is 2.38, higher than average. The ROE is -4.82%, below the industry standard. Profit margins are also lower, with an OPM of 6.21% and an NPM of -2.11%.
Yet, Tata Steel’s debt-to-equity ratio of 0.89 is better than some rivals, showing stronger financial health. Its EV/Revenue and EV/EBITDA ratios suggest it might be undervalued compared to its peers.
| Metric | Tata Steel | JSW Steel | Jindal Steel & Power | Steel Authority of India | NMDC |
|---|---|---|---|---|---|
| Forward Price-to-Sales | 1.0x | 1.3x | 2.1x | 0.6x | 3.4x |
| Forecasted Growth | 5.1% | 9.6% | 13.7% | 3.3% | 9.0% |
| Market Cap | ₹2.2t | ₹716.1b | ₹361.6b | ₹418.1b | ₹452.0b |
Despite some challenges, Tata Steel’s strong finances and growth potential make it a key player in the Indian steel market.
Financial Performance
Tata Steel’s financial results have shown ups and downs in recent years. This reflects the steel industry’s ups and downs. In the latest fiscal year, the company made ₹156,294 crore in sales, a 5% increase from before. This was thanks to higher prices in different markets.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped to ₹30,892 crore. This is a big leap from ₹18,103 crore the year before. This growth came from better prices and lower costs.
Tata Steel’s profits and cash flows have been up and down. This is due to changing commodity prices, trade issues, and the COVID-19 pandemic. The company’s balance sheet shows a net debt of ₹88,501 crore. This is less than last year, mainly because of paying back loans early.
| Financial Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Equity Share Capital (₹ Cr.) | 1,248.60 | – | – | – | – |
| Total Reserves and Surplus (₹ Cr.) | – | 124,211.39 | – | – | – |
| Long Term Borrowings (₹ Cr.) | – | 30,880.89 | – | – | – |
| Short Term Borrowings (₹ Cr.) | – | – | 984.68 | – | – |
| Tangible Assets (₹ Cr.) | – | – | – | 70,505.66 | – |
Tata Steel’s financial performance has been shaped by many factors. These include its strategies, the steel industry, and the world economy. How the company handles these challenges and opportunities will shape its future.
“Tata Steel’s financial performance reflects the cyclical nature of the steel industry, with periods of strong growth followed by challenging market conditions. The company’s focus on operational efficiency, cost optimization, and strategic investments will be key to navigating these fluctuations and delivering sustainable value to its stakeholders.”
Management and Governance
Tata Steel is a top steel producer in India, led by a team of industry experts. The Tata Steel board of directors has Ratan N. Tata as Chairman Emeritus and N. Chandrasekaran as Chairman. Noel Naval Tata is the Non-Executive Vice Chairman, and T.V. Narendran is the Managing Director and CEO. Koushik Chatterjee is the Executive Director and Chief Financial Officer.
The ownership structure of Tata Steel is varied, with the Tata Group and other investors holding shares. The company follows the Tata Group Guidelines on Board Effectiveness. This ensures transparency and protects stakeholders.
The Tata Steel executive team and Tata Steel leadership work together to guide the company. They set the strategic direction and check on operations. The Board of Directors reviews its own performance and that of its members, as per the Board Evaluation Policy.
| Tata Steel Board Members | Position |
|---|---|
| Ratan N. Tata | Chairman Emeritus |
| N. Chandrasekaran | Chairman and Non-Executive Director |
| Noel Naval Tata | Non-Executive Vice Chairman |
| T.V. Narendran | Managing Director and CEO |
| Koushik Chatterjee | Executive Director and Chief Financial Officer |
The corporate governance at Tata Steel is boosted by the Nomination and Remuneration Committee (NRC). This committee picks Board members based on their skills and diversity. The company follows the Tata Code of Conduct for ethical and transparent governance.
Tata Steel’s focus on management and governance has led to its success and growth. This approach helps the company stay ahead in the steel industry with agility and vision.
Industry Trends and Outlook
Factors Influencing the Steel Industry
The steel industry, where Tata Steelworks, has seen many changes. Global steel demand is set to bounce back strongly in 2021. This is thanks to a rise in manufacturing and infrastructure projects in big economies. China, the biggest steel user and maker, plans to increase steel demand by 5% in 2021. India and Turkey are also seeing big increases in steel demand.
But, the steel industry still faces hurdles, like high costs for raw materials like iron ore and coking coal. These could affect profit margins. Yet, the outlook is good, with steel prices likely to stay high. This is due to strong demand and changes in China’s steel market.
- Tata Steel India’s EBITDA margin averaged 25% over 10 years till March 2024
- Tata Steel’s Q4 FY24 earnings met expectations on the back of strong volumes
- Tata Steel India volumes up 2x in 10 years
- Highest annual India crude steel production of around 21 million tonnes
- EBITDA per tonne at Rs 7,962
Tata Steel shares have outperformed Nifty50 and Nifty Metal with a 64% return in a year. The stock stays above its 200-day EMA. Experts think Tata Steel could hit Rs 220-240 in the future.
| Metric | Score |
|---|---|
| Durability Score | 25.0 / 100 |
| Valuation Score | 33.8 / 100 |
| Momentum Score | 61.8 / 100 |
Tata Steel Ltd. is trading at Rs 176.29, down by 0.05%. It has gone up by 2.16% in a week, 7.72% in three months, and 55.87% over a year. Tata Steel Utilities and Infrastructure Services Limited long-term rating has also been upgraded to [ICRA]AA-(Stable).
Investment Analysis
Tata Steel is a top steel producer in India, catching the eye of investors and analysts. The latest advice suggests a ‘Hold’ rating with a target price of Rs. 176.29. Of 28 analysts, 5 say ‘Strong Buy’, 9 ‘Buy’, 8 ‘Hold’, 3 ‘Sell’, and 3 ‘Strong Sell’.
The stock is cheaper than its book value of Rs. 74.04, hinting at potential gains for investors. Tata Steel is working to cut debt and strengthen its finances. This, along with a positive outlook for steel, makes it a good choice for those looking for growth.
Analyst Recommendations and Valuations
The stock’s performance has been up and down, mirroring the steel industry’s cycles. Yet, its solid balance sheet and steady dividends draw investors. The quarterly results and metrics like ROCE and EPS offer insights into its financial health and growth.
| Metric | Value |
|---|---|
| Tata Steel Q4FY24 Consolidated Revenues | Rs. 58,687 crore |
| Tata Steel Q4FY24 EBITDA | Rs. 6,631 crore |
| Tata Steel FY2024 Consolidated Revenues | Rs. 2,29,171 crore |
| Tata Steel FY2024 EBITDA | Rs. 23,402 crore |
| Tata Steel Net Debt | Rs. 77,550 crore |
| Tata Steel Dividend Per Share | Rs. 3.60 |
The outlook for the industry and Tata Steel’s financial moves make it a strong pick for long-term investors. They offer a chance to tap into the steel market.
“Tata Steel’s stock is currently trading at a discount to its book value, presenting a potential opportunity for value-oriented investors.”
Risk Factors
Tata Steel is a big name in the global steel industry. It faces many risks that could affect its business and money matters. These risks include Tata Steel business risks, Tata Steel industry risks, Tata Steel financial risks, Tata Steel operational risks, and Tata Steel regulatory risks. These need careful thought from investors and those who care about the company.
One big risk is the ups and downs in raw material prices, like iron ore and coking coal. These price changes can really hit Tata Steel’s profits and overall health. The steel industry goes through ups and downs, and global economic trends can also affect Tata Steel’s work.
Tata Steel works in many countries, which means it faces risks from currency changes and political issues. It also has to follow many environmental rules, which could lead to legal and reputation risks.
| Risk Factor | Description | Mitigation Strategies |
|---|---|---|
| Commodity Price Volatility | Changes in raw material prices, like iron ore and coking coal, can greatly affect Tata Steel’s profits. | Tata Steel reduces the risk of price changes by having its own mines, using hedging, and getting supplies from different places and vendors. |
| Cyclical Nature of Steel Industry | The steel industry changes a lot, with demand and prices depending on the world’s economy, which can change Tata Steel’s success. | Tata Steel builds strong customer ties, has good distribution networks, and focuses on valuable products like auto and retail parts to make its income more stable and fight the ups and downs of the industry. |
| Regulatory and Environmental Risks | Tata Steel has to follow many environmental laws, which could cause legal and compliance problems and hurt profits and reputation. | Tata Steel tries to lessen its environmental impact by using new technologies and checking to make sure it follows the rules. It also plans projects with a focus on carbon-adjusted Internal Rate of Return (IRR) to tackle climate change risks. |
To handle these risks, Tata Steel uses strategies like diversifying its supply chain, having its own resources, and making products and building customer relationships that add value. The company also keeps an eye on new laws and invests in tech to improve its environmental performance and sustainability.
“Tata Steel is committed to tackling the risks it faces, making sure the business stays strong and profitable over the long term. By managing these risks well, the company aims to bring sustainable value to its stakeholders.”
How well Tata Steel deals with these risks will be key to its future success and place in the global steel market.
Conclusion
Tata Steel has shown great strength and smart moves in the Indian steel market. Its stock price is at Rs. 176.37, with a 3-month return of 11.65%. This shows Tata Steel’s investment potential. The company’s strong brand, skills, and debt reduction efforts make it ready to grow with the global manufacturing and infrastructure recovery.
Tata Steel’s tata steel competitive advantages come from its varied business, tech know-how, and focus on being green. Its dedication to the environment and social responsibility boosts Tata Steel future prospects as the world moves towards eco-friendly solutions. Despite the ups and downs in the steel industry, Tata Steel is taking steps to improve and strengthen its finances. This suggests a positive view of the company overall.
For those looking at long-term investments, Tata Steel looks promising with its solid base, steady financials, and good outlook in its industry. Yet, investors should think about the risks and changes in the industry before deciding to invest.
FAQ
What is the current share price of Tata Steel?
Tata Steel’s share price closed at Rs. 176.29 in the last trading day.
How has Tata Steel’s stock performed recently?
In the last week, Tata Steel’s stock went up by 1.22%. Over a month, it rose by 10.91%. In three months, it increased by 7.89%. Over the past year, it made a 56.84% return, beating the Nifty 100 index.
What is Tata Steel’s market capitalization?
Tata Steel’s market capitalization is Rs. 220,072 crore as of now.
Where is Tata Steel’s stock listed?
You can find Tata Steel’s stock on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
What are Tata Steel’s core business activities?
Tata Steel focuses on steel, ferroalloys, and minerals. They also make a variety of products like ball bearings, hand tools, tubes, and steel wires.
How has Tata Steel’s stock performed in the long run?
Over three years, Tata Steel’s stock has made a 55.18% return. This is better than the Nifty 100 index’s 52.57% return.
What is Tata Steel’s current dividend yield?
Tata Steel offers a dividend yield of 2.04% currently.
How does Tata Steel’s valuation compare to its peers?
Tata Steel has a P/E ratio of -49.59, lower than its peers. Its P/B ratio is 2.38, higher than others. The ROE is -4.82%, below the industry average.
What are the key factors influencing the steel industry?
The steel industry is affected by global steel demand, raw material costs, and supply-side reforms in countries like China.
What are the key risks associated with investing in Tata Steel?
Investing in Tata Steel comes with risks like price volatility in raw materials, the steel industry’s cyclical nature, environmental rules, currency changes, and geopolitical issues from its global operations.
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