TATA STEEL LIMITED
₹167.70-₹1.80 (-1.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,27,962 Cr
- P/E
- 14.6x
- EV / EBITDA
- 8.8x
- Revenue
- ₹1,32,517 Cr
- Net margin
- 11.1%
- ROCE
- 16.2%
Price chart
Technical chartScreen technicals →-9.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.2%
- 3M
- -10.3%
- 6M
- -20.6%
- 1Y
- -9.0%
- 5Y
- +26.5%
52-week range
Day change -₹1.80 (-1.1%) from ₹170 to ₹168 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TATASTEEL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 18.5%
Concerns1
- Negative free cash flow (₹10726 Cr)
Rule-based from financial data. Not advice.
About the company
Tata Steel Limited engages in the manufacture and distribution of steel products in India and internationally.
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Tata Steel Limited engages in the manufacture and distribution of steel products in India and internationally. It offers reinforcement bars (rebars) and wire rods, cut-and-bend reinforcement bars, welded wire mesh, prefabricated cages (pre-cages), steel couplers and carpet reinforcement, hot-rolled, cold rolled, coated coil, tubes, rebar, metallic coated, pre-finished steels, alloy steels, and profiles and construction systems. The company also provides solutions in building envelopes, structural, fit-out, foundations, and highway engineering products, as well as operates steel service centers. It serves agricultural, automotive, construction, consumer goods, energy and power, engineering, and material handling industries. Tata Steel Limited has a strategic collaboration with Hindustan Zinc Limited to scale low-carbon zinc solutions. The company was incorporated in 1907 and is based in Mumbai, India.
- Sector
- Materials
- Shares outstanding
- 1,246 Cr shares
- ISIN
- INE081A01020
- BSE code
- 500470
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,27,962 Cr
- P/E
- 14.6x
- P/B
- 1.7x
- EV / EBITDA
- 8.8x
- EV / Sales
- 1.9x
- P/S
- 1.6x
- Earnings yield
- 6.8%
- 52-week high
- ₹221.15
- 52-week low
- ₹160.60
Profitability
- Operating margin
- 21.3%
- Net margin
- 11.1%
- EBITDA margin
- 21.0%
- ROE
- 11.1%
- ROCE
- 16.2%
- ROA
- 6.3%
- Dividend payout
- 29.0%
- Tax rate
- 20.0%
- Other income, % of PBT
- -1.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,32,517 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹29,614 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.4%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -10.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹27,325 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 102.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹1,445 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.2%
Solvency and efficiency
- Current ratio
- 1.93
- Debt / Equity
- 0.31
- Debt / Assets
- 0.18
- Debt / EBITDA
- 1.48
- Interest coverage
- 7.31
- Financial leverage
- 1.76
- CFO / Net profit
- 1.74
- Cash / Market cap
- 24.0%
- Cash per share
- ₹43.83
- Asset turnover
- 0.57
- Fixed asset turnover
- 1.43
- Capital intensity
- 0.70
- Debtor days
- 4 days
- Inventory turnover
- 2.37
- Cash conversion cycle
- 32 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹11 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1.0 L Cr |
| Sales | Operating profit | ₹27,865 Cr |
| Operating profit | Interest | ₹4,238 Cr |
| Operating profit | Depreciation | ₹6,253 Cr |
| Operating profit | Profit before tax | ₹17,374 Cr |
| Other income | Profit before tax | ₹1,345 Cr |
| Profit before tax | Tax and other | ₹4,749 Cr |
| Profit before tax | Net profit | ₹13,970 Cr |
Revenue and net profit
Revenue fell 6.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹84,133 Cr | ₹17,078 Cr |
| FY2022 | ₹1.3 L Cr | ₹33,011 Cr |
| FY2023 | ₹1.4 L Cr | ₹14,685 Cr |
| FY2024 | ₹1.4 L Cr | ₹15,662 Cr |
| FY2025 | ₹1.3 L Cr | ₹13,970 Cr |
Cash flows
FY2025: ₹23,880 Cr from operations, -₹10,726 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹37,555 Cr | ₹23,890 Cr |
| FY2022 | ₹41,986 Cr | ₹7,818 Cr |
| FY2023 | ₹13,506 Cr | -₹1,288 Cr |
| FY2024 | ₹27,325 Cr | ₹11,623 Cr |
| FY2025 | ₹23,880 Cr | -₹10,726 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1.3 L Cr-6.0%1Y
- Net profit
- ₹13,970 Cr-10.8%1Y
- Cash from operations
- ₹23,880 Cr
- Free cash flow
- -₹10,726 Cr-192.3%1Y
- Revenue CAGR, 5Y
- 18.5%
- EBITDA CAGR, 5Y
- 16.9%
- Net profit CAGR, 5Y
- 18.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1.3 L Cr | ₹27,865 Cr | — | ₹13,970 Cr | ₹23,880 Cr | -₹10,726 Cr | 11.0% | -6.0% | -10.8% |
Monthly returns
Month-by-month returns of TATASTEEL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2.5 L Cr |
| Equity capital | ₹1,249 Cr |
| Reserves | ₹1.3 L Cr |
| Borrowings | ₹63,223 Cr |
| Other liabilities | ₹64,177 Cr |
| Assets | ₹2.5 L Cr |
| Fixed assets | ₹99,479 Cr |
| Capital work in progress | ₹34,860 Cr |
| Investments | ₹72,699 Cr |
| Other assets | ₹47,094 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TATASTEEL trades at 14.6x earnings against a peer median of 35.5x (a 59% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| TATA STEEL LIMITEDTATASTEELthis companyP/E ↓ discount | ₹2.3 L Cr | 14.6x | 1.7x | 11.1% | 8.8x |
| UltraTech Cement LtdULTRACEMCO | ₹3.5 L Cr | 48.6x | 5.0x | 11.7% | 27.2x |
| JSW Steel LimitedJSWSTEEL | ₹2.9 L Cr | 38.0x | 3.5x | 10.7% | 14.2x |
| Asian Paints Ltd.ASIANPAINT | ₹2.8 L Cr | 69.6x | 14.5x | 29.1% | 35.0x |
| Hindustan Zinc Ltd.HINDZINC | ₹2.7 L Cr | 25.5x | 19.6x | 51.1% | 18.6x |
| Coal India LimitedCOALINDIA | ₹2.6 L Cr | 12.4x | 13.2x | 91.0% | 16.3x |
| Vedanta LimitedVEDL | ₹2.5 L Cr | 26.5x | 3.4x | 10.1% | 12.8x |
| Hindalco Industries Ltd.HINDALCO | ₹2.1 L Cr | 29.4x | 2.9x | 5.8% | 25.9x |
| Pidilite Industries Ltd.PIDILITIND | ₹1.5 L Cr | 68.4x | 16.2x | 21.6% | 55.9x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
TATASTEEL since 1 January, against earlier years.
Historical volatility
TATASTEEL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 32.0% |
| FY2022 | 40.0% |
| FY2023 | 20.0% |
| FY2024 | 21.0% |
| FY2025 | 21.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1.3 L Cr |
| Costs | |
| Interest | ₹4,238 Cr |
| Expenses | ₹1.0 L Cr |
| Operating profitOperating Profit | ₹27,865 Cr |
| Other income and charges | |
| Profit before tax | ₹18,719 Cr |
| Tax | |
| Net profitNet Profit | ₹13,970 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2.5 L Cr |
| Equity capitalEquity Capital | ₹1,249 Cr |
| Reserves | ₹1.3 L Cr |
| Borrowings | ₹63,223 Cr |
| Other liabilitiesOther Liabilities | ₹64,177 Cr |
| AssetsTotal Assets | ₹2.5 L Cr |
| Fixed assetsFixed Assets | ₹99,479 Cr |
| Capital work in progressCWIP | ₹34,860 Cr |
| Investments | ₹72,699 Cr |
| Other assetsOther Assets | ₹47,094 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹23,880 Cr |
| Investing cash flowCash from Investing Activity | -₹34,606 Cr |
| Financing cash flowCash from Financing Activity | ₹9,281 Cr |
| Change in cashNet Cash Flow | -₹1,445 Cr |
Learn while you research
Academy chapters picked for TATA STEEL LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read