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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 2020 INRUSD
Revenue1,398.16B19,718.59M
Gross Profit553,675.90M7,808.59M
Operating income90,223.30M1,272.43M
Income before tax-4,196.90M-59.18M
Net income27,195.80M383.54M
EBITDA174,630.60M2,462.84M
Diluted EPS11.860.16
Dividends Per Share----
Total Assets2,504.19B33,101.82M
Total liabilities1,765.31B23,334.91M
Total equity713,013M9,424.99M
Operating cash flow130,546.90M1,841.12M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,019.64B 1,122.99B 1,232.49B 1,576.68B 1,398.16B
Gross Profit 181,539.10M 292,719.40M 322,553.30M 442,099.20M 553,675.90M
Operating income 27,726.30M 107,583.70M 138,520.80M 230,024M 90,223.30M
Income before tax 27,327.50M 24,736.30M 209,560.90M 159,057.20M -4,196.90M
Net income 21,571M -3,766.10M 130,818.30M 101,103.20M 27,195.80M
EBITDA 80,789.80M 164,312.50M 195,937.80M 303,442.30M 174,630.60M
Diluted EPS -5.46 -13.06 128.05 87.73 11.86
Dividends Per Share 7.62 9.52 10 13 --
Total Assets 1,775.11B 1,733.33B 2,097.57B 2,335.82B 2,504.19B
Total liabilities 1,306.58B 1,341.88B 1,487.62B 1,637.31B 1,765.31B
Total equity 437,325.50M 355,443.20M 585,956.20M 666,500.80M 713,013M
Operating cash flow 62,129M 63,171.10M 32,434.20M 185,077.90M 130,546.90M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 15,574.06M 16,746.84M 19,118.44M 22,542.56M 19,718.59M
Gross Profit 2,772.82M 4,365.22M 5,003.45M 6,320.87M 7,808.59M
Operating income 423.49M 1,604.36M 2,148.74M 3,288.74M 1,272.43M
Income before tax 417.39M 368.88M 3,250.71M 2,274.10M -59.18M
Net income 329.47M -56.16M 2,029.25M 1,445.51M 383.54M
EBITDA 1,233.98M 2,450.33M 3,039.39M 4,338.44M 2,462.84M
Diluted EPS -0.08 -0.19 1.98 1.25 0.16
Dividends Per Share 0.11 0.14 0.15 0.18 --
Total Assets 26,805.30M 26,693.34M 32,160.76M 33,718.13M 33,101.82M
Total liabilities 19,730.27M 20,665.02M 22,808.80M 23,634.98M 23,334.91M
Total equity 6,603.88M 5,473.83M 8,984.06M 9,621.08M 9,424.99M
Operating cash flow 948.95M 942.04M 503.12M 2,646.13M 1,841.12M

Valuation Measures

Mar 2020
PER22.74
ROA1.12%
ROE3.94%
Operating margin6.45%
Profit margin1.94%

Key executives

  • Chief Executive Officer, Executive Director & MD: Thachat Viswanath Narendran
  • Chief Operations Officer-West Bokaro: Sahabji Kuchroo
  • Chief Financial Officer & Executive Director: Koushik Chatterjee
  • Chief-Research & Development: Sanjay Chandra
  • Chief Information Officer: Jayanta Banerjee

Shareholders

  • Tata Sons Pvt Ltd. (35.4%)
  • Life Insurance Corp of India (9.7%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (5.2%)
  • ICICI Prudential Asset Management Co. Ltd. (2.4%)
  • SBI Funds Management Pvt Ltd. (1.7%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (1.5%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (1.5%)
  • Eastspring Investments (Singapore) Ltd. (1.5%)
  • Norges Bank Investment Management (1.0%)
  • The Vanguard Group, Inc. (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

  • TS Canada Capital Ltd.
  • Tata Steel Ltd. Superannuation Fund
  • Tata Steel Ltd. Employees Pension Scheme
  • Tata Steel Ltd. Gratuity Fund
  • Sangeeta Steel Corp.
  • Layde Steel SL
  • Tata Steel Ltd. /40MW Diesel Generating Station/
  • Tata Steel Ltd. /Trostre Steel Plant/
  • Tata Steel Ltd. /Southeast Asian Operations/
  • Jamadoba Steel Ltd.
  • Jamshedpur Continuous Annealing & Processing Co. Pvt Ltd.
  • Bamnipal Steel Ltd.
  • Bhubaneshwar Power Pvt Ltd.
  • Tata Steel Ltd. /Eu Plants/
  • Deson Marketing Pvt Ltd.
  • Tata Steel Growth Shop
  • Speciality Steel UK Ltd.
  • Subarnarekha Port Pvt Ltd.
  • Tata Steel UK Ltd. /Port Talbot Factory/
  • Tata Steel Ltd. /British Operations/
  • Tata Steel International (Middle East) FZE
  • Tata Steel Norway Byggsystemer AS
  • Tata Steel International (Benelux) BV
  • Tata Steel Ltd. /Long Products Europe Business/
  • Tata Steel UK Holdings Ltd.
  • ABJA Investment Co. Pte Ltd.
  • T. S. Alloys Ltd.
  • Tata Steel KZN (Pty) Ltd.
  • Gopalpur Special Economic Zone Ltd.
  • Creative Port Development Pvt Ltd.

Competitors

  • SSAB AB Class A
  • JSW Steel Limited
  • Kloeckner & Co SE
  • Arconic Corp.
  • Lindab International AB
  • Champion Iron Ltd.
  • Equatorial Resources Limited
Last Updated on 10 Jul, 2020

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