Asia300

Tata Steel Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 22, 2017
Prev close: 619.3
Aug 22, 2017
Market cap:
Market cap(USD):
601,474M
9,378.79M
Shares: 971.21M

Currency in INR

Company profile

Market(Ticker): BOM(500470)
Sector:
Industry:
Non-Energy Minerals
Steel
Full time employees: 67,902

Business summary

Tata Steel Ltd. is a holding company, which engages in the manufacture and marketing of steel and allied products. It produces and sells agricultural equipment, bearings, construction, flat, and long products. The company operates through the following segments: Steel, Ferro Alloys and Minerals, and Others. Tata Steel was founded by Jamsetji Nusserwanji Tata on August 26, 1907 and is headquartered in Mumbai, India.

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.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 1,122.99B
Gross profit 292,719.4M
Operating income 107,583.7M
Income before tax 24,736.3M
Net income -3,766.1M
EBITDA 164,312.5M
Diluted EPS -13.71
Dividends per share 10
Total assets 1,733.33B
Total liabilities 1,319.33B
Total equity 378,193.2M
Operating cash flow 63,411.6M

Currency in INR

Revenue 16,746.84M
Gross profit 4,365.22M
Operating income 1,604.36M
Income before tax 368.88M
Net income -56.16M
EBITDA 2,450.33M
Diluted EPS -0.20
Dividends per share 0.14
Total assets 26,693.34M
Total liabilities 20,317.70M
Total equity 5,824.18M
Operating cash flow 945.63M

Currency in USD

Valuation measures

Mar 2017

PER --
ROA -0.21%
ROE -0.92%
Operating margin 9.58%
Profit margin -0.33%

Key executive

  • Chief Financial Officer & Group Executive Director: Koushik Chatterjee
  • Chief-Group Information Services: Shreekant Mokashi
  • Chief Technical Officer-Flat Products: Vinay V. Mahashabde
  • Chief Technology Officer-Process: Ashok Kumar
  • Chief-Legal & Compliance: Meena Lall

Share holders

  • Tata Sons Ltd.(30.0%)
  • HDFC Asset Management Co. Ltd.(4.2%)
  • ICICI Prudential Asset Management Co. Ltd.(3.1%)
  • Reliance Nippon Life Asset Management Ltd.(2.4%)
  • Abu Dhabi Investment Authority (Investment Management)(1.0%)
  • Dimensional Fund Advisors LP(1.0%)
  • DSP BlackRock Investment Managers Pvt Ltd.(1.0%)
  • BlackRock Fund Advisors(0.9%)
  • SBI Funds Management Pvt Ltd.(0.9%)
  • National Insurance Co. Ltd.(0.9%)

Address

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

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.