Tata Steel Ltd.

NSE: TATASTEEL · Metals & Mining

₹186.30+2.36%06 Nov 2026

Ask the data

Instant answers about Tata Steel Ltd. — computed from its filings, no language model

Market cap₹2,32,398 cr

Current price₹186.30

High / Low₹221 / ₹161

P/E21.1

P/B2.27

Book value₹81.9

ROE10.8%

ROCE12.0%

Debt / equity0.90

Dividend yield1.93%

EPS (TTM)₹8.85

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,33,016	1,57,669	1,39,817	1,56,294	2,43,959	2,43,353	2,29,171	2,18,543	2,32,140
EBITDA	21,891	29,383	17,463	30,504	63,490	32,300	22,306	25,298	34,352
Operating margin	16.5%	18.6%	12.5%	19.5%	26.0%	13.3%	9.7%	11.6%	14.8%
Interest	5,502	7,660	7,533	7,607	5,462	6,299	7,508	7,341	7,167
Depreciation	5,962	7,342	8,441	9,234	9,101	9,335	9,882	10,421	11,955
Profit before tax	20,936	15,681	-420	13,516	49,578	17,817	-1,089	8,222	15,600
Tax	3,405	6,718	-2,568	5,654	8,478	10,160	3,763	5,239	5,083
Net profit	13,434	10,218	1,557	7,490	40,154	8,760	-4,437	3,421	10,794
EPS ₹	128.12	87.75	11.86	63.78	332.35	7.17	-3.62	2.74	8.65
Operating cash flow	—	—	—	—	44,381	21,683	20,301	23,512	35,064
Capex	—	—	—	—	10,522	14,142	18,207	15,671	14,559
Dividend paid	—	—	—	—	3,020	6,293	4,429	4,490	4,490
Total assets	2,09,758	2,33,582	2,50,419	2,45,487	2,85,446	2,88,022	2,73,424	2,79,395	3,01,254
Equity	60,871	68,925	73,576	74,239	1,14,443	1,03,082	92,036	91,170	1,02,168

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	36,132	37,833	43,544	41,220	42,424	35,947	34,579	35,520	33,770	24,289	37,154	39,594	49,977	53,372	60,283	60,783	69,324	59,878	57,084	62,962	59,490	55,682	55,312	58,687	54,771	53,905	53,648	56,218	53,178	58,689	57,002	63,270	60,794
Operating profit	6,499	6,468	8,920	6,723	7,513	5,377	3,820	3,620	4,647	506	6,111	9,464	14,184	16,111	16,456	15,894	15,030	6,060	4,048	7,219	5,174	4,268	6,264	6,601	6,694	6,141	5,903	6,559	7,428	8,897	8,200	9,829	9,264
Operating margin	18.0%	17.1%	20.5%	16.3%	17.7%	15.0%	11.0%	10.2%	13.8%	2.1%	16.4%	23.9%	28.4%	30.2%	27.3%	26.1%	21.7%	10.1%	7.1%	11.5%	8.7%	7.7%	11.3%	11.2%	12.2%	11.4%	11.0%	11.7%	14.0%	15.2%	14.4%	15.5%	15.2%
Other income	275	347	354	211	490	251	184	93	1,316	193	222	215	272	162	271	60	292	329	271	170	1,177	228	228	176	260	599	221	461	289	364	501	248	233
Interest	1,481	1,670	2,153	1,940	1,938	1,806	1,871	1,931	1,925	1,998	1,940	1,778	1,866	1,811	1,020	1,532	1,099	1,519	1,768	1,794	1,825	1,959	1,881	1,842	1,777	1,971	1,804	1,789	1,852	1,775	1,747	1,792	1,771
Depreciation	1,512	1,806	1,908	1,926	1,881	2,083	2,127	2,019	2,224	2,111	2,261	2,275	2,392	2,325	2,289	2,244	2,243	2,348	2,368	2,382	2,412	2,480	2,422	2,568	2,535	2,597	2,569	2,720	2,744	2,893	3,049	3,268	3,640
Profit before tax	15,157	2,996	5,377	3,102	4,196	1,755	-29	-565	-1,592	-3,353	2,175	5,472	9,206	11,954	13,934	11,983	11,706	2,503	342	3,225	2,127	-6,842	1,855	1,772	2,284	2,190	1,625	2,123	2,987	4,172	3,765	4,676	3,741
Tax	576	1,104	2,326	1,401	1,899	1,124	-4,050	621	-263	1,272	613	1,572	2,195	2,308	1,572	2,567	2,030	1,308	2,905	1,755	1,331	-228	1,406	1,254	1,458	1,405	1,377	999	1,060	1,039	1,138	1,845	1,452
Net profit	10,236	1,951	3,599	2,286	2,383	710	3,405	-1,085	-1,481	-4,417	1,565	3,697	6,644	8,907	11,918	9,573	9,756	1,514	-2,224	1,705	634	-6,196	513	611	960	833	327	1,301	2,078	3,102	2,689	2,926	2,318
EPS ₹	96.86	16.67	31.08	19.58	20.44	5.83	29.25	-9.91	-13.37	-39.01	13.23	31.86	57.53	74.24	99.16	79.10	79.91	1.24	-1.82	1.40	0.52	-5.08	0.42	0.49	0.77	0.67	0.26	1.04	1.67	2.49	2.16	2.34	1.86
Revenue YoY	—	—	—	—	17.4%	-5.0%	-20.6%	-13.8%	-20.4%	-32.4%	7.4%	11.5%	48.0%	119.7%	62.3%	53.5%	38.7%	-0.7%	-6.1%	-9.2%	—	-7.0%	-3.1%	-6.8%	-7.9%	-3.2%	-3.0%	-4.2%	-2.9%	8.9%	6.3%	12.5%	14.3%
Profit YoY	—	—	—	—	-76.7%	-63.6%	-5.4%	-147.4%	-162.2%	-721.6%	-54.0%	—	—	—	661.3%	158.9%	46.8%	-87.3%	-123.2%	-82.5%	—	-509.1%	—	-64.1%	51.4%	—	-36.4%	112.7%	116.5%	272.2%	723.1%	124.9%	11.6%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Tata Steel Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	33,933	38,199	41,711	41,785	38,210	53,261
Operating profit	11,495	11,126	12,817	10,009	7,212	11,876
Operating margin	33.9%	29.1%	30.7%	24.0%	18.9%	22.3%
Other income	733	902	788	583	3,891	414
Interest	1,177	1,877	1,821	1,976	1,460	2,689
Depreciation	1,151	1,640	1,929	1,998	1,933	3,542
Profit before tax	9,899	7,837	9,714	8,509	6,127	5,357
Tax	3,203	2,774	3,301	2,070	1,226	1,912
Net profit	6,696	5,063	6,412	6,439	4,901	3,445

Quarters

showing latest 8 of 38 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	4,785	4,974	6,165	6,851	4,802	5,616	5,692	6,375	6,551	7,107	7,397	7,860	8,212	8,382	9,479	8,908	9,151	9,370	10,771	9,455	9,921	10,143	12,191	10,468	10,785	9,897	10,635	9,094	9,531	9,064	10,522	10,323	11,718	14,106	17,113	14,422	14,221	15,596
Operating profit	2,025	2,097	3,025	3,183	1,478	1,742	1,922	2,157	2,916	2,629	2,821	3,103	2,770	2,631	2,992	2,780	2,516	2,526	3,304	2,834	2,938	2,936	4,109	3,256	3,094	1,980	1,679	1,689	1,862	1,498	2,163	2,221	1,915	3,379	4,361	2,966	3,375	4,628
Operating margin	42.3%	42.2%	49.1%	46.5%	30.8%	31.0%	33.8%	33.8%	44.5%	37.0%	38.1%	39.5%	33.7%	31.4%	31.6%	31.2%	27.5%	27.0%	30.7%	30.0%	29.6%	28.9%	33.7%	31.1%	28.7%	20.0%	15.8%	18.6%	19.5%	16.5%	20.6%	21.5%	16.3%	24.0%	25.5%	20.6%	23.7%	29.7%
Other income	94	67	12	238	8	46	76	264	48	733	11	553	24	-26	183	152	240	36	475	144	326	265	53	144	262	108	69	749	2,933	83	126	106	165	98	47	112	249	182
Interest	202	363	242	255	348	342	392	416	328	342	335	227	234	202	514	454	454	509	459	466	437	453	465	492	489	462	532	396	331	350	383	529	737	770	653	700	709	670
Depreciation	205	209	217	249	251	253	256	262	280	281	286	285	287	289	290	354	391	434	461	460	551	456	462	493	475	457	572	468	481	491	493	703	912	869	1,057	966	912	914
Profit before tax	1,747	1,575	2,275	2,572	760	1,193	1,350	1,743	2,357	2,738	2,210	3,143	2,272	2,113	2,371	2,123	1,920	1,619	2,174	2,053	2,276	2,291	3,094	3,202	3,540	1,168	599	1,679	2,660	700	1,087	939	367	1,796	2,255	795	1,976	2,111
Tax	556	506	786	784	294	403	447	551	778	673	697	924	777	692	810	766	569	573	865	696	717	773	1,115	934	1,064	288	-215	431	138	247	410	364	117	591	840	289	682	773
Net profit	1,191	1,069	1,488	1,788	466	790	903	1,192	1,579	2,065	1,513	2,219	1,495	1,421	1,561	1,357	1,351	1,046	1,309	1,356	1,559	1,519	1,979	2,268	2,476	881	814	1,249	2,523	453	677	575	250	1,205	1,415	506	1,294	1,338
EPS ₹	19.55	17.55	19.94	24.03	5.94	10.37	10.89	13.43	17.80	22.98	16.77	22.74	15.12	14.35	15.65	13.51	13.43	10.31	13.02	13.51	15.59	15.18	19.93	22.90	25.04	8.61	7.94	12.41	25.53	4.21	6.52	5.63	1.97	12.10	14.12	4.77	12.87	13.33
Revenue YoY	—	—	—	43.2%	-3.5%	-8.9%	-16.9%	32.8%	16.7%	24.9%	16.0%	20.0%	15.6%	13.3%	—	13.3%	11.4%	11.8%	13.6%	6.1%	8.4%	8.3%	13.2%	10.7%	8.7%	-2.4%	-12.8%	-13.1%	-11.6%	-8.4%	-1.1%	13.5%	22.9%	55.6%	62.6%	39.7%	21.4%	10.6%
Profit YoY	—	—	—	50.1%	-56.4%	-46.9%	-49.5%	155.6%	100.0%	128.7%	27.0%	40.5%	-27.6%	-6.1%	—	-38.9%	-9.7%	-26.4%	-16.1%	-0.0%	15.4%	45.1%	51.1%	67.2%	58.9%	-42.0%	-58.9%	-44.9%	1.9%	-48.6%	-16.9%	-53.9%	-90.1%	166.0%	109.1%	-12.0%	418.5%	11.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	29.7%	14.8%	13.0%	12.7%	7.9%	2.1%	-4.9%	-7.4%	-0.9%	10.1%	28.0%	42.0%	49.9%	35.1%	1.6%	-6.8%	-3.7%	-4.8%	-4.5%	3.2%	3.0%	3.8%	5.0%	7.2%	9.7%	10.6%	10.8%
ROCE	22.7%	14.6%	13.9%	10.4%	8.1%	3.8%	1.2%	2.4%	5.5%	13.6%	23.4%	30.4%	34.4%	30.0%	8.0%	3.5%	4.4%	3.6%	3.6%	8.2%	8.1%	8.4%	8.8%	9.5%	10.6%	11.7%	12.0%
Net margin	11.4%	6.2%	5.5%	5.7%	3.6%	1.1%	-2.8%	-4.1%	-0.5%	5.0%	11.6%	15.3%	16.5%	16.5%	0.7%	-2.6%	-1.4%	-1.9%	-1.8%	1.3%	1.2%	1.6%	2.1%	3.1%	4.1%	4.6%	4.6%
EBITDA margin	18.0%	18.0%	17.5%	15.2%	13.7%	12.5%	9.8%	11.4%	15.4%	20.0%	25.5%	27.7%	27.9%	26.0%	9.4%	8.8%	9.8%	9.7%	10.6%	11.5%	11.5%	11.6%	12.0%	13.0%	13.8%	14.8%	15.1%
Debt / equity	1.46	1.32	1.32	1.32	1.32	1.54	1.54	1.54	1.54	1.09	1.09	1.09	1.09	0.60	0.82	1.01	1.01	0.95	0.95	1.10	1.10	1.04	1.04	1.01	1.01	0.90	0.90
Interest coverage	4.68	3.03	2.84	2.19	1.71	0.94	0.28	0.57	1.35	2.78	4.90	7.26	8.56	10.08	2.19	0.84	1.05	0.85	0.88	2.08	2.06	2.12	2.20	2.51	2.82	3.18	3.31
Asset turnover	0.76	0.71	0.70	0.66	0.64	0.56	0.51	0.52	0.54	0.62	0.73	0.83	0.91	0.85	0.83	0.87	0.86	0.84	0.82	0.79	0.79	0.78	0.78	0.78	0.79	0.77	0.80

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 15 periods

	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	970	970	1,145	1,145	1,145	1,198	1,221	1,221	1,221	1,221	1,247	1,247	1,247	1,247	1,247
Other equity / reserves	42,762	36,849	59,726	67,780	72,431	73,041	1,13,222	1,06,277	1,01,861	87,976	90,788	88,900	89,922	93,700	1,00,920
Total equity	43,733	37,819	60,871	68,925	73,576	74,239	1,14,443	1,07,499	1,03,082	89,197	92,036	90,147	91,170	94,947	1,02,168
Borrowings	80,595	82,350	88,674	91,145	1,13,289	80,667	68,829	87,516	84,893	89,723	87,082	99,392	94,801	95,643	92,382
Current liabilities	47,954	50,051	55,661	59,608	60,313	70,867	90,397	1,00,576	97,295	1,02,573	98,403	91,947	86,094	89,759	96,918
Non-current liabilities	85,044	83,571	92,289	1,01,259	1,12,596	97,112	77,759	78,601	85,551	78,439	82,587	98,385	1,01,948	99,875	1,00,556
Total assets	1,77,511	1,73,333	2,09,758	2,33,582	2,50,419	2,45,487	2,85,446	2,89,207	2,88,022	2,71,814	2,73,424	2,80,841	2,79,395	2,85,565	3,01,254
Property, plant & equipment	66,569	86,881	90,323	1,18,451	1,19,504	1,19,004	1,16,166	1,24,698	1,27,919	1,23,018	1,31,124	1,30,721	1,33,303	1,47,081	1,59,951
Capital work-in-progress	35,793	15,514	16,160	17,957	18,862	18,129	21,228	25,341	30,308	35,761	33,370	39,051	40,602	33,152	27,510
Investments	9,093	10,863	16,118	3,815	4,117	8,206	10,178	9,088	8,410	7,693	6,258	6,471	6,194	6,903	7,089
Inventories	20,013	24,804	28,331	31,656	31,069	33,276	48,824	57,582	54,415	49,171	49,158	51,172	44,590	45,589	47,249
Receivables	12,066	11,587	12,416	11,811	7,885	9,540	12,246	9,252	8,257	6,780	6,264	6,041	5,260	5,774	4,917
Cash & equivalents	6,109	4,832	7,784	2,976	7,542	5,532	15,605	10,020	12,130	8,797	7,081	8,711	9,605	6,695	8,885

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 12 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	11,880	11,455	10,824	8,023	25,336	20,169	44,327	44,381	21,683	20,301	23,512	35,064
Cash from investing	-8,422	-9,254	-9,076	-12,026	-29,211	-14,530	-9,323	-10,881	-18,680	-14,251	-14,173	-14,905
Cash from financing	-2,617	-4,729	-2,579	6,640	-673	-1,695	-37,090	-23,401	-6,981	-11,097	-7,002	-21,387
Capex	13,492	10,163	7,716	7,478	9,091	10,398	6,979	10,522	14,142	18,207	15,671	14,559
Free cash flow	-1,613	1,292	3,109	545	16,245	9,771	37,348	33,859	7,541	2,094	7,841	20,505
Dividends paid	983	788	791	982	1,186	1,507	1,151	3,020	6,293	4,429	4,490	4,490

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹1,59,951 cr53%

CWIP

₹27,510 cr9%

Investments

₹7,089 cr2%

Inventories

₹47,249 cr16%

Receivables

₹4,917 cr2%

Cash & equivalents

₹8,885 cr3%

Other assets

₹45,653 cr15%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+6.1%

6 months-14.2%

1 year+0.6%

3Y CAGR+16.0%

5Y CAGR+6.8%

10Y CAGR+16.8%

50-day avg₹180.29

200-day avg₹193.75

RSI (14)65

Long-term financials (FY13–FY14)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY14	₹46,309 Cr	₹9,855 Cr	₹6,412 Cr
FY13	₹42,317 Cr	₹8,511 Cr	₹5,063 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

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FAQs

What is the share price of Tata Steel Ltd.?

Tata Steel Ltd. (TATASTEEL) closed at ₹186.30 on NSE on 06 Nov 2026.

What is the market cap of Tata Steel Ltd.?

₹2,32,398 crore at the latest close.

What is the P/E ratio of Tata Steel Ltd.?

21.1, on trailing-twelve-month earnings from its filings.

How fast is Tata Steel Ltd. growing?

Tata Steel Ltd.: revenue has compounded at -1.6% a year over three years; net profit at 7.2% a year. Latest-quarter revenue is up 14.3% year on year, profit up 11.6%.

How profitable is Tata Steel Ltd.?

On a trailing-twelve-month basis return on equity is 10.8%, return on capital employed 12.0%, operating margin 15.1%, net margin 4.6%.

How much debt does Tata Steel Ltd. have?

Tata Steel Ltd. is moderately geared: debt to equity is 0.90 with borrowings of ₹92,382 cr against cash of ₹8,885 cr (balance sheet of 2026-03-31). Operating profit covers interest 3.3 times.

Financials parsed from Tata Steel Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '16. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.