NSE/TATASTEEL

TATASTEELTata Steel Ltd

Metals & Mining · NSE

₹212.12+0.68%

52-wk low52-WEEK RANGE52-wk high

₹127.18+66.8% from low ·-1.6% from high₹215.52

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

TATASTEEL+66.79% · 1Y

Range high ₹216.45Range low ₹125.3Latest ₹212.12252 bars · daily-close · NSE bhavcopy + 10Y history

Metals & MiningSteelTata GroupLargecapMedium Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite50/100

Performance

High

Amongst the strong performers in the market.

· 52w return +52.4% — strong momentum
· Trades 18.2% above 200-DMA — uptrend intact

Valuation

Medium

Valuation close to the sector median.

· P/E 28.8 — 30% above sector median 22.1
· P/B 2.78 below sector median 3.62

Growth

Medium

Steady but not standout growth.

· Revenue YoY +6.3% — slow
· Profit YoY +730.8% — strong earnings growth

Profitability

Low

Profitability is a concern.

· ROE 9.7% — weak returns on equity
· Net margin 6.4% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(71/100)

Durability

74/100

Reasonable financial health; watch the weaker inputs.

Show 4 drivers

Piotroski F-score8/9 (89pt)
Altman Z" score2.40 (91pt)
Debt/Equity1.00 (50pt)
ROE9.7% (39pt)

Valuation

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Financial quality score 8/9
Piotroski ≥7 historically associated with outperformance

WEAKNESSES · 2

Low return on equity (9.7%)
Below 10% ROE suggests inefficient use of shareholder capital
Premium to sector on P/E (+30%)
P/E 28.8 vs Metals median 22.1

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+0.7%

+2.7%

+15.6%

+17.8%

+26.6%

+62.8%

+25.8%

+24.0%

10Y

+23.9%

Fundamentals

VALUATION

Market cap

₹2,64,054 Cr

P/E (TTM)

28.8

P/E (fwd)

12.2

next 12m

P/B

2.78

EV/EBITDA

12.1

Book value

₹76.22

per share

PROFITABILITY · QUALITY

ROE

9.7%

ROCE

—

Net margin

6.4%

Op margin

9.0%

Gross margin

54.9%

D/E

1.00

GROWTH · MARKET

Rev YoY

+6.3%

Profit YoY

+730.8%

Div yield

1.70%

Payout

49.0%

52w change

+52.4%

Beta

0.85

market-ish

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 2

+Forward P/E materially below trailing (12.2x vs 28.8x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Profit growing fast (+730.8% YoY)Operating leverage kicking in — bottom line out-growing top line

CONS · 2

−Trades at a premium to sector on P/EP/E 28.8 vs Metals median 22.1 — priced for more growth than peers
−Low ROE of 9.7%Below the 10%+ threshold most quality-focused investors require

Sector-relative context

Metals · 10 peers

P/E (TTM)

This stock

28.77

Sector median

22.14

Rank 8/10 (30th %ile)

ROE

This stock

9.7%

Sector median

14.7%

Rank 6/10 (50th %ile)

P/B

This stock

2.78

Sector median

3.62

Rank 5/10 (60th %ile)

Quality score · Piotroski F-score

8 / 9

Strong quality — passes most F-score checks

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✓

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

GREY2.40

Z″ = 2.40 — GREY zone. Not flagged as distressed, but watch the weakest input component below.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.030	×6.56	0.195
Retained Earnings / Total Assets (B)	0.195	×3.26	0.636
EBIT / Total Assets (C)	0.195	×6.72	1.312
Book Equity / Total Liabilities (D)	0.249	×1.05	0.261

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

32 analysts · BUY

Target mean

₹214.25

Target high

₹250.00

Target low

₹160.00

Upside vs today

+1.2%

Street consensus target is +1.2% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Steel

Employees

1,15,788

Shares out

1,247.2

Revenue (TTM)

₹2,25,088 Cr

EBITDA

₹29,218 Cr

Total debt

₹95,643 Cr

Cash

₹8,486 Cr

Net debt

₹87,158 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	53,231	55,707	52,744	58,216	56,646
Operating profit	—	3,334	3,420	4,683	6,004	5,151
OPM %	—	6.3%	6.1%	8.9%	10.3%	9.1%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	2,42,327	2,41,636	2,27,296	2,16,840
Operating profit	55,721	21,307	12,382	14,458
OPM %	23.0%	8.8%	5.5%	6.7%
Interest	5,462	6,299	7,508	7,341

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
TATASTEELTHIS Tata Steel Limited	₹212.12	+52.4%	2,64,054	28.8	2.78	9.7%	1.00	+6.3%
HINDZINC Hindustan Zinc Limited	₹592.3	+30.9%	2,49,357	21.1	18.20	86.2%	0.88	+17.4%
HINDALCO Hindalco Industries Limited	₹1,039	+67.0%	2,26,997	14.0	1.67	11.9%	0.58	+13.9%
JINDALSTEL JINDAL STEEL LIMITED	₹1,270	+40.1%	1,31,022	66.3	2.64	4.0%	0.38	+10.9%
NATIONALUM National Aluminium Company Limited	₹438.75	+171.8%	78,668	12.8	3.96	—	0.00	+27.7%
NMDC NMDC Limited	₹89.78	+32.4%	78,511	11.4	2.42	—	0.11	+11.1%
SAIL Steel Authority of India Limited	₹173.33	+49.4%	71,334	25.6	1.23	—	0.58	-2.8%
JSL Jindal Stainless Limited	₹788.2	+38.4%	64,502	22.0	14.33	—	0.38	+1.9%
APLAPOLLO APL Apollo Tubes Limited	₹2,105.7	+31.6%	58,644	49.9	12.73	25.5%	0.15	+14.2%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	2.28	2.24	-1.7%
-2q	2.41	2.74	+13.9%
-3q	1.99	1.74	-12.7%
-4q	3.00	2.85	-4.9%

Date	Amount
2025-06-06	₹3.60
2024-06-21	₹3.60
2023-06-22	₹3.60
2022-06-15	₹5.10
2021-06-17	₹2.50
2020-08-06	₹1.00
2019-07-04	₹1.30
2018-07-05	₹1.00
2017-07-20	₹0.95
2016-07-28	₹0.76

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	1,221	1,221	1,247	1,247
Reserves	55,648	48,166	34,816	33,699
Borrowings	75,561	84,893	87,082	94,801
Other liabilities	1,337	1,728	2,025	2,488
Total liabilities	2,85,446	2,88,022	2,73,424	2,79,395
Fixed assets	1,49,305	1,71,684	1,76,992	1,85,953
CWIP	21,228	31,691	34,376	41,516
Investments	1,742	1,694	3,786	4,004
Other assets	3,690	238	236	177
Total assets	2,85,446	2,88,022	2,73,424	2,79,395

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	44,381	21,683	20,301	23,512
CF Investing	-10,881	-18,680	-14,251	-14,173
CF Financing	-23,401	-6,981	-11,097	-7,002
Net cash flow	10,075	-3,477	-5,049	2,524
Free cash flow	33,859	7,541	2,094	7,841

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	6.7%	5.5%	8.8%	23.0%
Net margin %	1.6%	-2.0%	3.6%	16.6%
ROE %	9.6%	-10.4%	16.5%	70.6%
ROCE %	12.5%	4.9%	18.4%	42.1%
Debt / Equity	2.71	2.41	1.72	1.33
Dividend payout %	131%	—	71%	8%
Interest coverage	2.1×	0.8×	3.9×	10.2×
Revenue growth YoY	-4.6%	-5.9%	-0.3%	—
Profit growth YoY	+177.1%	-150.7%	-78.2%	—

TATASTEELTata Steel Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Metals

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Recent news

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Technical snapshot

Earnings history + surprises

Dividends + splits history

SWOT analysis

Stock scorecard

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Metals