Tata Steel Ltd
Tata Steel Ltd is Asia's first integrated private steel company setup in 1907.[1] The company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.[2] The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.[3]
Strengths
- +Company has been maintaining a healthy dividend payout of 30.7%
Weaknesses
- −The company has delivered a poor sales growth of 10.7% over past five years.
- −Company has a low return on equity of 12.1% over last 3 years.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 33.19% | 33.19% | 33.19% | 33.19% | 33.19% | 33.19% | 33.19% | 33.19% |
| FIIs | 19.68% | 19.25%▼0.4 | 18.53%▼0.7 | 18.29%▼0.2 | 17.22%▼1.1 | 17.29%▲0.1 | 17.49%▲0.2 | 18.58%▲1.1 |
| DIIs | 23.33% | 22.67%▼0.7 | 23.52%▲0.8 | 24.48%▲1.0 | 26.07%▲1.6 | 26.92%▲0.9 | 26.98%▲0.1 | 26.67%▼0.3 |
| Public | 23.6% | 24.69%▲1.1 | 24.55%▼0.1 | 23.84%▼0.7 | 23.31%▼0.5 | 22.42%▼0.9 | 22.14%▼0.3 | 21.36%▼0.8 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34,686 | 36,541 | 32,958 | 32,399 | 32,760 | 34,399 | 31,014 | 34,680 | 35,578 | 38,448 |
| Expenses | 26,392 | 28,462 | 26,182 | 25,790 | 25,260 | 27,420 | 23,895 | 26,531 | 27,847 | 28,975 |
| Operating Profit | 8,293 | 8,079 | 6,776 | 6,610 | 7,500 | 6,979 | 7,119 | 8,148 | 7,731 | 9,473 |
| OPM % | 24% | 22% | 21% | 20% | 23% | 20% | 23% | 24% | 22% | 25% |
| Net Profit | 4,699 | 4,091 | 3,331 | 3,591 | 3,879 | 3,169 | 3,523 | 4,060 | 3,822 | 4,660 |
| EPS ₹ | 3.82 | 3.28 | 2.67 | 2.88 | 3.11 | 2.54 | 2.82 | 3.25 | 3.06 | 3.73 |
AI Insights
Mar 2026 revenue at ₹1,39,720Cr, up 5.4% YoY. OPM at 23%.
Borrowings at ₹69,049Cr. Debt-to-equity ratio: 0.51x. Moderate leverage.
CWIP at ₹19,220Cr (16% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 26.67% (+5.71pp change). FIIs: 18.58% (-1.70pp change). Promoters hold 33.19%.
ROCE improving from 9% (Mar 2015) to 14% (Mar 2026). Working capital days: -87.
PE 15.5x with 14% ROCE. Price is 93% above book value of ₹109. Dividend yield: 1.9%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 22h - Tata Steel shared audio-video recording of its May 16, 2026 4QFY2026 and FY2026 earnings discussion.
- Announcement under Regulation 30 (LODR)-Acquisition 2d - Board approved FY26 results, ₹4 dividend, TMILL 23% stake purchase for ₹335 crore, and TSN permit risks.
- Corporate Action - Intimation Of Record Date 2d
- Corporate Action-Board approves Dividend 2d
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse