Tata Steel Ltd
About
Founded by Jamshedji Tata in 1907, Tata Steel Limited is an Indian multinational steel company headquartered in Mumbai, Maharashtra with primary operations in Jamshedpur, Jharkhand. Formerly known as Tata Iron and Steel Company- TISCO, it is one of the world’s largest steel producers, with a 35 million-tonne crude steel capacity and operations across 26 countries. With a domestic production capacity of 21.6 million tonnes, Tata Steel is a leader in India's steel industry. The company which acquired UK-based Corus in 2007, benefits from captive iron-ore mines, giving it a competitive advantage. Its largest plant in Jamshedpur has a 10 MTPA capacity and the company employs around 80,500 people. In 2023, Tata Steel reported a turnover of $31 billion and was named among India's ‘Best Workplaces in Manufacturing’ by Great Place to Work.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 226665 -8.7% | 248374 -2.1% | 253797 62.5% | 156174 9.5% | 142603 -10.6% | 159591 15.4% | 138300 17.7% | 117481 9.4% | 107371 -24.2% | 141640 -5.4% | 149663 11.1% | 134738 -2.8% | 138621 11.9% | 123835 19.8% | 103391 -29.3% | 146170 - |
| Net Operating Income (INR Cr) | 229171 -5.83% | 243353 -0.25% | 243959 56.09% | 156294 11.79% | 139817 -11.32% | 157669 27.93% | 123249 9.75% | 112299 10.14% | 101965 -26.91% | 139504 -6.13% | 148614 10.32% | 134712 1.36% | 132900 11.91% | 118753 15.98% | 102393 -30.52% | 147365 12.07% |
| Profit (INR Cr) | -4437 - | 8760 -78.2% | 40154 436.1% | 7490 381.2% | 1557 -84.8% | 10218 -23.9% | 13434 - | -4241 - | -383 - | -3926 - | 3595 - | -7058 - | 5390 -40.0% | 8983 - | -2009 - | 4951 - |
| Assets (INR Cr) | 192994 -5.5% | 204247 -1.6% | 207633 14.4% | 181471 -10.0% | 201720 11.7% | 180562 10.9% | 162885 23.4% | 131954 -3.9% | 137251 9.5% | 125302 -6.6% | 134168 18.6% | 113122 1.4% | 111524 7.3% | 103978 33.3% | 77986 -11.9% | 88527 - |
| Net Worth (INR Cr) | 90426 -11.7% | 102369 -9.8% | 113546 53.6% | 73932 0.5% | 73576 6.8% | 68925 13.2% | 60871 91.7% | 31756 -27.4% | 43733 39.5% | 31349 -22.7% | 40532 18.6% | 34172 -19.9% | 42634 19.8% | 35581 55.8% | 22831 2.6% | 22259 -22.5% |
| Employee Cost (INR Cr) | 24510 9.3% | 22419 -3.6% | 23264 16.9% | 19909 7.4% | 18534 -1.2% | 18759 9.9% | 17078 -1.0% | 17252 -1.9% | 17588 -17.8% | 21408 5.4% | 20303 7.4% | 18912 9.8% | 17229 8.8% | 15840 -3.9% | 16475 -8.3% | 17975 - |
| Interest Cost (INR Cr) | 7508 | 6299 | 5462 | 7607 | 7533 | 7660 | 5455 | 5072 | 4221 | 4848 | 4337 | 3968 | 4250 | 3956 | 3494 | 3791 |
| Cash & Bank Balance (INR Cr) | 8678 | 13357 | 15899 | 5782 | 8055 | 3341 | 7938 | 4921 | 6186 | 8750 | 8605 | 9834 | 10799 | 10859 | 6815 | 6148 |
| Total Debt (INR Cr) | 87082 | 84893 | 75561 | 88501 | 116328 | 100803 | 92127 | 83014 | 81987 | 80701 | 81609 | 68507 | 59897 | 60577 | 53100 | 59901 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | 3.5% | 15.8% | 4.8% | 1.1% | 6.4% | 9.7% | - | - | - | 2.4% | - | 3.9% | 7.3% | - | 3.4% |
| Profit As % Of Assets | - | 4.3% | 19.3% | 4.1% | 0.8% | 5.7% | 8.3% | - | - | - | 2.7% | - | 4.8% | 8.6% | - | 5.6% |
| Profit As % Of Networth | - | 8.6% | 35.4% | 10.1% | 2.1% | 14.8% | 22.1% | - | - | - | 8.9% | - | 12.6% | 25.3% | - | 22.2% |
| Interest Cost to EBITDA % | 52.4% | 19.6% | 8.7% | 26.0% | 61.0% | 26.4% | 31.8% | 58.2% | 176.7% | 78.9% | 26.5% | 100.1% | 34.2% | 23.6% | 55.0% | 27.0% |
| Debt to Equity Ratio | 0.96 | 0.83 | 0.67 | 1.20 | 1.58 | 1.46 | 1.51 | 2.61 | 1.87 | 2.57 | 2.01 | 2.00 | 1.40 | 1.70 | 2.33 | 2.69 |
| RONW | - | 7.5% | 44.5% | 11.1% | -0.9% | 14.1% | 19.8% | - | - | - | 9.6% | - | 6.9% | 21.4% | - | 28.1% |
| ROCE | 6.6% | 12.1% | 29.2% | 11.4% | 5.8% | 13.8% | 11.3% | 0.0% | 0.0% | 0.6% | 9.0% | -1.3% | 8.4% | 14.0% | 4.6% | 16.2% |