Tata Steel Limited
NSE: TATASTEEL · Iron & Steel · sector
₹169.94NSE close 2026-10-26
Key numbers
Market cap₹2,11,990 cr
Price₹169.94
52w high / low₹224 / ₹160
P/E19.2xSector median 16.4x
P/B2.1xSector median 2.1x
Book value₹81.9
Dividend yield2.12%Sector median 0.39%
ROE11.4%Sector median 9.1%
ROCE12.1%Sector median 10.1%
OPM14.6%Sector median 12.4%
Debt / equity0.90xSector median 0.35x
EV/EBITDA8.4xSector median 8.1x
Interest cover3.3x
Current ratio0.75x
Sales growth 3y-1.6%Sector median +1.5%
Profit growth 3y+7.2%Sector median +15.7%
PEG2.98x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Iron & Steel (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹11,061 cr vs borrowings ₹92,382 cr (FY26): borrowings are higher by ₹81,321 cr.
- Operating profit covered interest 3.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 12% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹169.94 on 2026-10-26: -24.3% from the 52-week high, +6.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹212.33 · low ₹127.18
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53,905 | 53,648 | 56,218 | 53,178 | 58,689 | 57,002 | 63,270 | 60,794 |
| EBITDA | 6,159 | 5,777 | 6,171 | 7,295 | 8,476 | 8,060 | 9,489 | 8,919 |
| OPM % | 11.4% | 10.8% | 11.0% | 13.7% | 14.4% | 14.1% | 15.0% | 14.7% |
| Other income | 599 | 221 | 461 | 289 | 364 | 501 | 248 | 233 |
| Net profit | 833 | 327 | 1,301 | 2,078 | 3,102 | 2,689 | 2,926 | 2,318 |
| EPS (₹) | 0.67 | 0.26 | 1.04 | 1.67 | 2.49 | 2.16 | 2.34 | 1.86 |
| Revenue YoY | +8.9% | +6.3% | +12.5% | +14.3% | ||||
| Profit YoY | +272.2% | +723.1% | +124.9% | +11.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,43,959 | 2,43,353 | 2,29,171 | 2,18,543 | 2,32,140 | 2,39,756 |
| EBITDA | 63,356 | 32,413 | 14,492 | 24,444 | 33,320 | 34,943 |
| Net profit | 40,154 | 8,760 | -4,437 | 3,421 | 10,794 | 11,035 |
| EPS (₹) | 332.35 | 7.17 | -3.62 | 2.74 | 8.65 | 8.85 |
| Revenue growth | -0.2% | -5.8% | -4.6% | +6.2% | +10.5% | |
| Profit growth | -78.2% | -150.7% | – | +215.6% | +143.1% | |
| Dividend / share (₹) | 25.00 | 51.00 | 3.60 | 3.60 | 3.60 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.6% | +8.2% | +10.5% |
| Net profit | +7.2% | +7.6% | +143.1% |
| EPS | +6.5% | -32.9% | – |
| Share price | – | +5.5% (2y) | -0.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,03,082 | 92,036 | 91,170 | 1,02,168 |
| Borrowings | – | 84,893 | 87,082 | 94,801 | 92,382 |
| Cash & equivalents | – | 16,987 | 9,409 | 12,090 | 11,061 |
| Total assets | – | 2,88,022 | 2,73,424 | 2,79,395 | 3,01,254 |
| Fixed assets | – | 1,27,919 | 1,31,124 | 1,33,303 | 1,59,951 |
| Capital work in progress | – | 30,308 | 33,370 | 40,602 | 27,510 |
| Investments | – | 1,547 | 2,579 | 2,781 | 3,142 |
| Receivables | – | 8,257 | 6,264 | 5,260 | 4,917 |
| Inventory | – | 54,415 | 49,158 | 44,590 | 47,249 |
| Payables | – | 37,833 | 35,435 | 29,314 | 34,810 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 44,381 | 21,683 | 20,301 | 23,512 | 35,064 |
| Cash from investing | -10,881 | -18,680 | -14,251 | -14,173 | -14,905 |
| Cash from financing | -23,401 | -6,981 | -11,097 | -7,002 | -21,387 |
| Capex | 10,522 | 14,142 | 18,207 | 15,671 | 14,559 |
| Free cash flow | 33,859 | 7,541 | 2,094 | 7,841 | 20,505 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.5% | -4.8% | 3.8% | 10.6% |
| ROCE % | – | 12.8% | 3.6% | 8.4% | 11.7% |
| Debtor days | – | 12 | 10 | 9 | 8 |
| Inventory days | – | 175 | 176 | 171 | 184 |
| Payable days | – | 122 | 127 | 113 | 136 |
| Cash conversion cycle (days) | – | 65 | 59 | 67 | 56 |
| Working capital days | – | -16 | -44 | -30 | -39 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 32.94% |
| FIIs | 18.19% |
| DIIs | 27.52% |
| of which Mutual funds | 16.12% |
| of which Insurance | 8.95% |
| Government | 0.01% |
| Public (non-institutions) | 21.33% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 33.19% | 33.19% | 33.19% | 33.19% | 33.19% | 33.19% | 32.94% | 32.94% |
| Promoter group | % |
|---|---|
| Tata Sons Private Limited | 31.76% |
| Tata Motors Passenger Vehicles Limited (formerly known as Tata Motors Limited) | 0.44% |
| Tata Investment Corporation Ltd | 0.34% |
| Ewart Investments Limited | 0.18% |
| Rujuvalika Investments Limited | 0.09% |
| Tata Industries Limited | 0.08% |
| Tata Capital Limited | 0.05% |
| Tata Chemicals Limited | 0.00% |
| Tata Motors Finance Limited (FORMERLY TATA MOTORS FINANCE SOLUTIONS LIMITED) | 0.00% |
| Titan Company Limited | 0.00% |
| Tata Capital Financial Services Ltd | 0.00% |
| TMF Business Services Limited (Formerly Tata Motors Finance Limited) | 0.00% |
| Sir Dorabji Tata Trust (Noel N Tata, Venu Srinivasan, Vijay Singh, Darius Khambata, Neville Tata, Bhaskar Bhat) | 0.00% |
| SIR RATAN TATA TRUST (Noel N Tata, Venu Srinivsan, Jimmy N Tata, Jehangir HC Jehangir, Darius Khambata) | 0.00% |
| Metara Commodities Trading PTE. Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 5.91% |
| Sbi Nifty 50 Etf | 3.88% |
| Icici Prudential Large Cap Fund | 3.35% |
| Nps Trust- A/C Lic Pension Fund Scheme - State Govt | 2.09% |
| Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund | 1.97% |
| Uti Nifty 50 Etf | 1.38% |
| Nippon Life India Trustee Ltd-A/C Nippon India Etf Nifty 50 Bees | 1.08% |
51,41,801 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | ₹3,07,440 cr | 12.4x | 3.1x | 27.6% | 21.2% | 25.8% | +3.8% | 0.22% |
| TATASTEEL | ₹2,11,990 cr | 19.2x | 2.1x | 11.4% | 12.1% | 14.6% | -1.6% | 2.12% |
| JINDALSTEL | ₹1,05,841 cr | 38.9x | 2.1x | 5.5% | 7.4% | 15.0% | +0.3% | 0.20% |
| SAIL | ₹70,136 cr | 16.4x | 1.2x | 7.2% | 8.0% | 11.3% | +2.0% | 0.94% |
| JSL | ₹56,775 cr | 17.0x | 2.7x | 17.0% | 17.8% | 12.4% | +6.4% | 0.43% |
| SARDAEN | ₹15,738 cr | 13.9x | 2.1x | 16.6% | 17.6% | 32.4% | +10.6% | 0.34% |
| NSLNISP | ₹11,300 cr | 124.4x | 0.9x | 0.6% | 3.3% | 10.8% | – | – |
| SANDUMA | ₹7,632 cr | 10.7x | 2.3x | 24.4% | 25.5% | 22.9% | – | 0.27% |
| JAIBALAJI | ₹5,738 cr | 39.8x | 2.5x | 6.6% | 10.1% | 6.0% | -1.9% | – |
| VISL | ₹5,238 cr | – | – | – | – | – | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Tata Steel India | ₹1,39,720 cr | 47.8% | ₹33,036 cr | 23.6% |
| Tata Steel Netherlands Operations | ₹61,355 cr | 21.0% | ₹2,722 cr | 4.4% |
| Other Trade Related Operations | ₹39,562 cr | 13.5% | ₹611 cr | 1.5% |
| Tata Steel UK Operations | ₹23,333 cr | 8.0% | ₹-2,569 cr | -11.0% |
| Other Indian Operations | ₹12,944 cr | 4.4% | ₹707 cr | 5.5% |
| South East Asian Operations | ₹8,606 cr | 2.9% | ₹774 cr | 9.0% |
| Neelachal Ispat Nigam Limited | ₹5,282 cr | 1.8% | ₹1,236 cr | 23.4% |
| Rest of the World | ₹1,795 cr | 0.6% | ₹-837 cr | -46.6% |
| Inter Segment Eliminations | ₹-60,456 cr | -20.7% | ₹-832 cr | 1.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-12 | Dividend | Dividend - Rs 4 Per Share |
| 2025-06-06 | Dividend | Dividend - Rs 3.60 Per Share |
| 2024-06-21 | Dividend | Dividend - Rs 3.60 Per Share |
| 2023-06-22 | Dividend | Annual General Meeting/Dividend - Rs 3.60 Per Share |
| 2022-07-28 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2022-06-15 | Dividend | Annual General Meeting/Dividend - Rs 51 Per Share |
| 2021-06-17 | Dividend | Annual General Meeting/Dividend - Rs 25 Per Share |
| 2020-08-06 | Dividend | Dividend - Rs 10 Per Share |
| 2019-07-04 | Dividend | Annual General Meeting/Dividend - Rs 13 Per Share |
| 2018-07-05 | Dividend | Annual General Meeting / Dividend- Rs 10 Per Share |
| 2018-01-31 | Rights | Rights - 4:25 Fully Paid Up Shares @ Premium Rs 500/- Per Share / 2:25 Partly Paid Up Shares @ Premium Rs 605/- Per Share |
| 2017-07-20 | Dividend | Annual General Meeting/Dividend - Rs 10/- Per Share |
| 2016-07-28 | Dividend | Annual General Meeting/Dividend Rs 8/- Per Share |
| 2015-07-23 | Dividend | Annual General Meeting / Dividend - Rs. 8/- Per Share |
| 2014-07-14 | Dividend | Annual General Meeting / Dividend - Rs.10/- Per Ordinary Share |
| 2013-07-15 | Dividend | Annual General Meeting / Dividend - Rs.8/- Per Ordinary Share |
| 2012-07-16 | Dividend | Annual General Meeting/Dividend Rs 12 Per Share |
| 2011-07-04 | Dividend | Annual General Meeting/Dividend Rs 12 Per Share |
| 2010-07-12 | Dividend | Annual General Meeting And Dividend Rs.8/- Per Share |
| 2009-07-06 | Other | Agm/Div-Rs.16/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and metal products
| Sector | Commodities |
| Industry | Iron & Steel |
| Sub-industry | Iron & Steel |
| Symbol | TATASTEEL |
| BSE code | 500470 |
| ISIN | INE081A01020 |
| Face value | ₹1.0 |
| Incorporated | 1907-08-26 |
| Website | www.tatasteel.com |
| Plants (India / abroad) | 78 / 41 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.