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Non-Energy Minerals

Tata Steel Ltd.

Company Background

Tata Steel is India's largest private-sector steelmaker and was the first to operate a modern blast furnace in the country. Tata Steel is the brainchild of Jamsetji Tata, the late founder of Tata group.

Impressed by a Scottish historian's remark that "the nation which gains control of iron soon acquires the control of gold," Tata set up an iron and steel company in 1907. Jamshedpur, an industrial city in eastern India that is home to Tata Steel's largest plant, came to be named after Jamsetji and became a company town. After India gained its independence in 1947, the government gave preferential treatment to state-owned steelmakers. Even so, Tata Steel has remained one of India's most powerful steel companies.

Tata Sons, the holding company of Tata group, and the group companies own a 30% stake in Tata Steel, with Tata group Chairman Cyrus Mistry also serving as chairman of the steelmaker.

Tata Steel made headlines around the world when it bought Anglo-Dutch steel company Corus in 2007, creating a new global steel giant. As Tata Steel expands its global reach, it has established a foothold in Southeast Asia and elsewhere. The Indian company has a tie-up with Japan's Nippon Steel & Sumitomo Metal, operating a joint venture in India to make steel sheet for the automotive industry.

Business Summary

Tata Steel Ltd. is a holding company, which engages in the manufacture of iron and steel products. It operates through the following segments: Agriculture, Automotive Steels, Construction, Consumer Goods, Energy and Power, Engineering and Material Handling. Its products include Automotive Steels, Galvano, Tata Agrico, Astrum, Bearings, Pipes, Precision Tubes, Shaktee, Steelium, Tiscon and Wiron. The company was founded by Jamsetji Nusserwanji Tata on August 26, 1907 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2021 INRUSD
Revenue1,562.94B21,053.96M
Gross Profit419,602M5,652.34M
Operating income193,754.50M2,610.01M
Income before tax135,163.50M1,820.75M
Net income73,088.70M984.55M
EBITDA286,090.90M3,853.85M
Diluted EPS63.770.85
Dividends Per Share250.33
Total Assets2,454.87B33,576.06M
Total liabilities1,687.00B23,073.64M
Total equity734,637.70M10,047.87M
Operating cash flow379,241.50M5,108.66M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,122.99B 1,232.49B 1,576.68B 1,489.71B 1,562.94B
Gross Profit 292,719.40M 322,553.30M 442,099.20M 297,957.60M 419,602M
Operating income 107,583.70M 138,520.80M 230,024M 83,977.80M 193,754.50M
Income before tax 24,736.30M 209,560.90M 159,057.20M -15,684.10M 135,163.50M
Net income -3,766.10M 130,818.30M 101,103.20M 13,573.60M 73,088.70M
EBITDA 164,312.50M 195,937.80M 303,442.30M 171,054.50M 286,090.90M
Diluted EPS -13.06 128.05 87.73 11.85 63.77
Dividends Per Share 9.52 10 13 10 25
Total Assets 1,733.33B 2,097.57B 2,335.82B 2,504.19B 2,454.87B
Total liabilities 1,341.88B 1,487.62B 1,637.31B 1,764.67B 1,687.00B
Total equity 355,443.20M 585,956.20M 666,500.80M 713,013M 734,637.70M
Operating cash flow 63,171.10M 32,434.20M 185,077.90M 130,546.90M 379,241.50M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 16,746.84M 19,118.44M 22,542.56M 21,009.74M 21,053.96M
Gross Profit 4,365.22M 5,003.45M 6,320.87M 4,202.14M 5,652.34M
Operating income 1,604.36M 2,148.74M 3,288.74M 1,184.35M 2,610.01M
Income before tax 368.88M 3,250.71M 2,274.10M -221.19M 1,820.75M
Net income -56.16M 2,029.25M 1,445.51M 191.43M 984.55M
EBITDA 2,450.33M 3,039.39M 4,338.44M 2,412.41M 3,853.85M
Diluted EPS -0.19 1.98 1.25 0.16 0.85
Dividends Per Share 0.14 0.15 0.18 0.14 0.33
Total Assets 26,693.34M 32,160.76M 33,718.13M 33,101.82M 33,576.06M
Total liabilities 20,665.02M 22,808.80M 23,634.98M 23,326.49M 23,073.64M
Total equity 5,473.83M 8,984.06M 9,621.08M 9,424.99M 10,047.87M
Operating cash flow 942.04M 503.12M 2,646.13M 1,841.12M 5,108.66M

Valuation Measures

Mar 2021
PER12.72
ROA2.94%
ROE10.09%
Operating margin12.39%
Profit margin4.67%

Key executives

  • Chief Executive Officer, Executive Director & MD: Thachat Viswanath Narendran
  • Chief Financial Officer & Executive Director: Koushik Chatterjee
  • Chief-Research & Development: Sanjay Chandra
  • Chief Research & Development, Technology Officer: Vinay V. Mahashabde
  • Chief Information Officer: Jayanta Banerjee

Shareholders

  • Tata Sons Pvt Ltd. (33.2%)
  • Life Insurance Corp of India (6.6%)
  • The Vanguard Group, Inc. (1.9%)
  • ICICI Prudential Asset Management Co. Ltd. (1.9%)
  • SBI Funds Management Pvt Ltd. (1.8%)
  • BlackRock Fund Advisors (1.2%)
  • GIC Pte Ltd. (Investment Management) (1.1%)
  • Norges Bank Investment Management (1.0%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.9%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (0.9%)

Contact Details

  • Website:http://www.tatasteel.com
  • Address: Bombay House, 24, Homi Mody Street, Mumbai, 400001, India
  • Phone: +91.22.66658282

Related Companies

  • Tata Steel Mining Ltd
  • Straight Mile Steel Ltd.
  • Noamundi Steel Ltd.
  • Jugsalai Steel Ltd.
  • Sakchi Steel Ltd.
  • Tata Steel Foundation
  • Tata Steel International (Shanghai) Ltd.
  • British Steel Trading Ltd.
  • TS South Africa Sales Office Pty Ltd.
  • Thomas Processing Co.
  • Newport & South Wales Tube Co. Ltd.
  • Tata Steel USA, Inc.
  • Tata Steel Nederland Services BV
  • Tata Steel Nederland Consulting & Technical Services BV
  • Tata Steel International Iberica SA
  • Tata Steel International (India) Ltd.
  • Tata Steel International (Sweden) AB
  • Tata Steel International (Poland) Sp zoo
  • Tata Steel International (Nigeria) Ltd.
  • Tata Steel International (Italia) SRL
  • Tata Steel International (South America) Representacoes Ltda.
  • Tata Steel International (France) SAS
  • Tata Steel International (Denmark) A/S
  • Tata Steel International (Czech Republic) sro
  • Gestion Tata Steel International (Canada), Inc.
  • Tata Steel International (Americas), Inc.
  • Tata Steel International (Americas) Holdings, Inc.
  • Tata Steel France Holdings SAS
  • Tata Steel Europe Distribution BV
  • Tata Steel Belgium Packaging Steels BV

Competitors

  • thyssenkrupp AG
  • SSAB AB Class A
  • Lindab International AB
  • Kloeckner & Co SE
  • Vedanta Limited
  • Equatorial Resources Limited
Last Updated on 17 Sep, 2021

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