TATASTEELMetals & Mining

Tata Steel Limited

Iron & Steel · ISIN INE081A01020 · BSE 500470 · NSE EQ · FV ₹1
Last price
₹187
+2.34%today
What this company does

Tata Steel Limited operates in Iron & Steel, part of the Metals & Mining sector. It booked ₹60,794 cr of revenue in its latest quarter (Q1 FY27) and kept 3.8% of sales as profit. It is the 2nd largest of 9 Iron & Steel companies we track, by market value.

43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 18–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
53

At close. Not part of the score.

Profitability & returns21

How much profit it earns on the money it employs

Balance sheet11

How much it owes, and whether earnings cover the interest

Cash quality95

Whether reported profit actually arrives as cash

Growth & consistency34

Whether sales and profit have grown, and how steadily

Valuation53

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 14% vs last year
Profit up 12% vs last year
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.8% net margin

What if I invest in TATASTEEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹187 +2.34%
latest close · 2026-09-17
52-wk low ₹18042 sessions so far52-wk high ₹194
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio25.2Average
LowAverageHigh
P/B ratio2.29Moderate
Below bookModerateHigh
EV / EBITDA8.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.1%Fair
WeakFairStrong ▸15%
Return on capital10.8%Fair
WeakFairStrong
Net margin3.8%Thin
ThinDecentStrong
EBITDA margin15.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.89Moderate
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio0.75Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹2.34 L cr
Book value
₹82
EPS
₹1.86
latest quarter
Net debt
₹83,497 cr
owes more than its cash
Enterprise value
₹3.17 L cr
EBITDA
₹36,606 cr
annualised
EBIT
₹22,048 cr
annualised
Operating margin
9.1%
Return on assets
3.1%
Earnings yield
3.97%
P/S
0.96
Sales / share
₹194.9
Tax rate
38.8%
Face value
₹1
Shares
1,247.4 cr
Working capital
₹-24,653 cr
Current assets
₹72,265 cr
Current liabilities
₹96,918 cr
Delivery %
51.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹59₹110, midpoint ₹107

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹60,794 cr
Other Income₹233 cr
Total Income₹61,027 cr
Cost of Materials₹20,186 cr
Purchases of Stock-in-Trade₹5,182 cr
Inventory Change (±)₹-2,414 cr
Employee Benefit Expense₹7,226 cr
Finance Costs₹1,771 cr
Depreciation & Amortisation₹3,640 cr
Other Expenses₹21,350 cr
Total Expenses₹56,940 cr
Exceptional Items₹-345 cr
Profit before Tax₹3,741 cr
Tax Expense₹1,452 cr
Share of JV / Associates₹96 cr
Net Profit₹2,385 cr
Net margin on total income3.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹22,954 cr37.8%
Employee benefit expense₹7,226 cr11.9%
Finance costs₹1,771 cr2.9%
Depreciation & amortisation₹3,640 cr6.0%
Other expenses₹21,350 cr35.1%
Tax expense₹1,452 cr2.4%
Profit for the period₹2,385 cr3.9%
Total income ₹61,027 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue57,002 cr63,270 cr60,794 cr
Total income57,503 cr63,519 cr61,027 cr
Expenses53,599 cr58,502 cr56,940 cr
Profit before tax3,765 cr4,676 cr3,741 cr
Tax1,138 cr1,845 cr1,452 cr
Net profit (owners' share)2,689 cr2,926 cr2,318 cr
Net margin (owners' share, on revenue)4.7%4.6%3.8%
EPS (₹)2.162.341.86
YoY (latest quarter): total income +14.1% · net profit +11.6%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3.01 L cr
Shareholder equity
₹1.02 L cr
parent shareholders
Total debt
₹92,382 cr
Cash
₹8,885 cr
Cash flow · H1 FY26
Operating
₹13,074 cr
Investing
₹-6,594 cr
Financing
₹-9,848 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limited₹1,253₹3.06 L cr16.4
Tata Steel Limitedthis company₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limited₹175₹72,288 cr11.0
Jindal Stainless Limited₹724₹59,702 cr19.4
Sarda Energy & Minerals Limited₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limited₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.14%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 12 Jun 2026
ActionDetailEx-date
Dividend₹4 / share12 Jun 2026
Dividend₹3.6 / share6 Jun 2025
Dividend₹3.6 / share21 Jun 2024
Dividend₹3.6 / share22 Jun 2023
Stock splitStock Split From Rs.10/- to Rs.1/-28 Jul 2022
Dividend₹51 / share15 Jun 2022
Who owns it · 2026-06-30
No pledge
Promoter
32.9%
FII / Foreign
19.4%
DII / Domestic
26.6%
Retail / others
21.1%
Promoter stake down 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVijay Kumar Sharma · Director10,000 · ₹11.6 L17 Aug 23
BoughtSanjeev J. Kapur · Immediate relative10,000 · ₹11.4 L5 Dec 22
BoughtFarida Khambata · Director8,000 · ₹82.1 L24 May 22
Bulk / block deals
short · NSE204 Sep 26
short · NSE13 Sep 26
short · NSE7622 Sep 26
Stake changes
BoughtLife Insurance Corporation of India→ 100.91% · 25.13 cr30 Apr 25
SoldSBICAP Trustee Company Limited (STCL)→ 0.00% · 95,0005 Jun 23
BoughtSBICAP Trustee Company Limited→ 0.01% · 55,00018 May 23
Promoter pledges
ReleasedCantbank Financial Services Ltd6.42 cr · 0.52% held23 Nov 23
ReleasedCentbank Financial Services Ltd75.60 L · 1.16% held25 Mar 21
ReleasedCentbank Financial Services Ltd34.20 L · 1.79% held17 Nov 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 2 Jul 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
495.06 cr votes for, 1.06 cr against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
495.41 cr votes for, 69.96 L against · 0% of mutual funds and other big investors said no
3
Declaration of Dividend of ₹3.60 per Ordinary (equity) Share of face value ₹ 1 /- each for the Financial Year 2024-2025
Backed by 100% of shareholders other than promotersneeded 50%
503.48 cr votes for, 9.65 L against · 0% of mutual funds and other big investors said no
4
Appointment of a Director in the place of Mr. Noel Naval Tata (DIN: 00024713), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
Promoters had a personal stake in this
Backed by 94% of shareholders other than promotersneeded 50%
475.12 cr votes for, 28.35 cr against · 6% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 365 named members
owning 32.9% between them · as of 2026-06-30
Tata Sons Private Limited31.76%
Tata Motors Passenger Vehicles Limited (formerly known as Tata Motors Limited)0.44%
Tata Investment Corporation Ltd0.34%
Ewart Investments Limited0.18%
Rujuvalika Investments Limited0.09%
Tata Industries Limited0.08%
Tata Capital Limited0.05%
3-101-951221 SOCIEDAD ANONIMAno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.