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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 2022 INRUSD
Revenue2,439.59B32,741.96M
Gross Profit848,316.50M11,385.32M
Operating income530,574.90M7,120.89M
Income before tax495,777.10M6,653.86M
Net income401,528.40M5,388.94M
EBITDA621,583.60M8,342.32M
Diluted EPS33.200.44
Dividends Per Share5.100.06
Total Assets2,854.45B37,670.15M
Total liabilities1,683.07B22,211.54M
Total equity1,144.43B15,103.00M
Operating cash flow399,932M5,367.52M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,232.49B 1,576.68B 1,489.71B 1,564.77B 2,439.59B
Gross Profit 322,553.30M 442,099.20M 297,957.60M 425,460.40M 848,316.50M
Operating income 138,520.80M 230,024M 83,977.80M 193,754.50M 530,574.90M
Income before tax 209,560.90M 159,057.20M -15,684.10M 135,163.50M 495,777.10M
Net income 130,818.30M 101,103.20M 13,573.60M 73,088.70M 401,528.40M
EBITDA 195,937.80M 303,442.30M 171,054.50M 286,090.90M 621,583.60M
Diluted EPS 12.80 8.77 1.18 6.37 33.20
Dividends Per Share 1 1.30 1 2.50 5.10
Total Assets 2,097.57B 2,335.82B 2,504.19B 2,454.87B 2,854.45B
Total liabilities 1,487.62B 1,637.31B 1,764.67B 1,687.53B 1,683.07B
Total equity 585,956.20M 666,500.80M 713,013M 734,637.70M 1,144.43B
Operating cash flow 32,434.20M 185,077.90M 130,546.90M 379,241.50M 399,932M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 19,118.44M 22,542.56M 21,009.74M 21,078.64M 32,741.96M
Gross Profit 5,003.45M 6,320.87M 4,202.14M 5,731.26M 11,385.32M
Operating income 2,148.74M 3,288.74M 1,184.35M 2,610.01M 7,120.89M
Income before tax 3,250.71M 2,274.10M -221.19M 1,820.75M 6,653.86M
Net income 2,029.25M 1,445.51M 191.43M 984.55M 5,388.94M
EBITDA 3,039.39M 4,338.44M 2,412.41M 3,853.85M 8,342.32M
Diluted EPS 0.19 0.12 0.01 0.08 0.44
Dividends Per Share 0.01 0.01 0.01 0.03 0.06
Total Assets 32,160.76M 33,718.13M 33,101.82M 33,576.06M 37,670.15M
Total liabilities 22,808.80M 23,634.98M 23,326.49M 23,080.98M 22,211.54M
Total equity 8,984.06M 9,621.08M 9,424.99M 10,047.87M 15,103.00M
Operating cash flow 503.12M 2,646.13M 1,841.12M 5,108.66M 5,367.52M

Valuation Measures

Mar 2022
PER3.93
ROA15.12%
ROE42.73%
Operating margin21.74%
Profit margin16.45%

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. (32.7%)
  • Life Insurance Corporation of India (Investment Portfolio) (5.9%)
  • SBI Funds Management Pvt Ltd. (3.3%)
  • The Vanguard Group, Inc. (2.0%)
  • BlackRock Fund Advisors (1.3%)
  • GIC Pte Ltd. (Investment Management) (1.2%)
  • Fidelity Management & Research Co. LLC (1.1%)
  • Norges Bank Investment Management (1.0%)
  • ICICI Prudential Asset Management Co. Ltd. (1.0%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.8%)

Contact Details

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

Related Companies

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  • Tata Steel Advanced Materials Ltd.
  • Orchidia Investments BV
  • Medica TS Hospital Pvt Ltd.
  • 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.

Competitors

  • SSAB AB Class A
  • thyssenkrupp AG
  • Lindab International AB
  • Vedanta Limited
  • Kloeckner & Co SE
  • Equatorial Resources Limited
Last Updated on 23 Sep, 2022

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