Tata Steel Share Price Target 2024-2030 Fundamentals & Quarterly Results

TATA Steel Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – India’s foremost steel producer, Tata Steel, has an extensive presence in various countries such as the United Kingdom, Netherlands and Thailand and 22 others. Globally, Tata Group’s subsidiary has the capacity to manufacture steel to the tune of 35 million tonnes every year which places it among the top ten companies that produce the commodity.TATA Steel share Price Target

Tata Steel Overview

Tata Steel Ltd was established in the year 1907. The company deal with all the processes that are used in the steel production sector ranging from iron ore mining, mining, processing of both coal and iron ore to the point where they produce finished products which they distribute to their customers across the world. Within the next five years, the company wants to raise its steel making capacity up to thirty million tones per annum in India.

Company NameTata Steel Ltd
ListedNSE & BSE
Head OfficeBombay House, 24 Homi Mody Street, Fort, Mumbai 400 001
Board Of Director
  • Mr.N Chandrasekaran Chairman & Non-Exe.Director
  • Mr.Ratan N Tata Chairman Emeritus
  • Mr.Koushik Chatterjee Executive Director & CFO
  • Mr.O P Bhatt Independent Director
  • Ms.Bharti Gupta Ramola Independent Director
  • Mr.Deepak Kapoor Independent Director
  • Mr.Shekhar Mande Independent Director
  • Mr.Farida Khambata Independent Director
  • Mr.V K Sharma Independent Director
  • Mr.T V Narendran Managing Director & CEO
  • Mr.Saurabh Agrawal Non Executive Director
  • Mr.Noel Naval Tata Non Executive Vice Chairman
Official Websitetatasteel.com

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Tata Steel Business Profile

The business’s range of products is flat, like hot rolled coils and cold rolled coils, galvanised steel long, as in wire rods, rebar, ferroalloys, tubes, bearings, and wires. It includes but not limited to such product segments as agriculture, automotive, construction, consumers good, power generation, engineering and material handling, etc.

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Market Position

During fiscal year twenty-one, this company grew its portion of the Alloy Wire Rod market up to twenty percent, an increase from just twelve percent during fiscal year twenty. This was mainly because there was also growth in shares within two wheelers’ area while still keeping all the given information consistent as below; whereas during the same period their stake within local automotive sector climbed from twelve percent in the preceding fiscal year to fifteen percent thanks to their dominance over commercial vehicles which gives them thirty eight percent of market share.

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Network

The company possess a strong distribution network of over 250 distributors and over 20,400 dealers. The vehicle tracking systems (VTSs) cover all its 100% fleet while approximately 95% of India’s districts have them installed.

The company produced about 839000 tonnes of Direct reduced Iron (DRI) and about 684000 tonnes of Crude Steel and about 672000 tonnes of rolled products in FY22.

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Manufacturing Capabilities

there is a steel plant in Jamshedpur (Jharkhand) and a sponge iron plant in keonjhar (Odisha) owned and operated by the company. It has some capacities.

Crude steel capacity: 1 MnTPA
DRI: 1 MnTPA
Iron ore mines: 2.5 MnTPA ROM
Captive Power capacity: 160 MW

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Operations

The company has got operations with facilities such as sinter, pellet, sponge iron kiln, blast furnace, electric arc furnace, wire rod/bar mills, captive power plants, a captive iron ore mine, and an underdeveloped coal mine which are vertically integrated.

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Contract

Tata Steel, LL and the government of the United Kingdom decided to invest in Electric Arc Furnace (EAF) steelmaking at the Port Talbot site under a joint venture whose total capital requirement will be £1.25bn of which a grant of up to £500mn will be given by the UK government while Tata Steel Limited sources the balance £725mn. The envisaged timeline for the project is 36 months. The investment under consideration would enable us to get to break-even from the current money-losing state in UK.

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Tata Steel Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 2,24,629 Cr.
Current Price₹ 180
High / Low₹ 185 / 108
Stock P/E
Book Value₹ 73.7
Dividend Yield2.00 %
ROCE7.67 %
ROE-2.21 %
Face Value₹ 1.00
Debt to equity0.95
Debt Capacity0.10
Debt preceding year₹ 84,893 Cr.
Debt₹ 87,082 Cr.
Reserves₹ 90,788 Cr.
EPS₹ -3.55
EPS last year₹ -3.55
Pledged percentage0.00 %
FCF Prev Ann₹ 7,868 Cr.
EVEBITDA12.6
Industry PE17.9
PEG Ratio
Piotroski score2.00
Earnings yield4.68 %
Sales growth 5Years7.77 %

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Tata Steel Quarterly Results

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales69,32463,43059,87857,08462,96259,49055,68255,31258,687
Expenses54,29448,45753,81753,03655,74254,58751,41449,04852,087
Operating Profit15,03014,9736,0604,0487,2194,9034,2686,2646,601
OPM %22%24%10%7%11%8%8%11%11%
Other Income1773884124912771,190-6,568-33-382
Interest1,0991,2181,5191,7681,7941,8251,9591,8811,842
Depreciation2,2432,2372,3482,3682,3822,4122,4802,4222,568
Profit before tax11,86511,9062,6054033,3211,855-6,7391,9281,809
Tax %17%35%50%721%53%72%3%73%69%
Net Profit9,8357,7141,297-2,5021,566525-6,511522555
EPS in Rs7.996.361.24-1.821.390.52-5.070.420.49

CAGR Report

10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth4%8%14%-6%
Compounded Profit Growth-127%
Stock Price CAGR14%29%17%64%
Return on Equity9%12%15%-2%

Tata Steel Shareholding Pattern

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters31.35%33.21%33.12%34.41%34.41%33.92%33.90%33.19%
FIIs14.11%18.55%14.60%12.39%18.56%22.87%20.62%19.61%
DIIs30.62%26.66%29.06%29.66%25.16%20.41%20.68%23.51%
Government0.01%0.07%0.11%0.22%0.25%0.10%0.16%0.16%
Public23.91%21.51%23.11%23.32%21.62%22.70%24.63%23.52%
No. of Shareholders8,44,4297,81,3928,09,5788,96,9198,73,19815,87,31536,44,09047,17,442

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Tata Steel Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹154.16₹172.35₹183.27
2025₹187₹177₹211
2026₹215₹202₹242
2027₹247₹232₹276
2028₹282₹266₹318
2029₹324₹305₹364
2030₹371₹349₹417

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Tata Steel Share Price Target 2025

MonthTarget
January₹187
February₹191
March₹195
April₹189
May₹183
June₹177
July₹184
August₹191
September₹199
October₹203
November₹207
December₹211

Tata Steel Share Price Target 2026

MonthTarget
January₹215
February₹219
March₹223
April₹216
May₹209
June₹202
July₹210
August₹218
September₹227
October₹232
November₹237
December₹242

Tata Steel Share Price Target 2027

MonthTarget
January₹247
February₹252
March₹257
April₹248
May₹240
June₹232
July₹241
August₹251
September₹261
October₹266
November₹271
December₹276

Tata Steel Share Price Target 2028

MonthTarget
January₹282
February₹288
March₹294
April₹284
May₹275
June₹266
July₹277
August₹288
September₹300
October₹306
November₹312
December₹318

Tata Steel Share Price Target 2029

MonthTarget
January₹324
February₹330
March₹337
April₹326
May₹315
June₹305
July₹317
August₹330
September₹343
October₹350
November₹357
December₹364

Tata Steel Share Price Target 2030

MonthTarget
January₹371
February₹378
March₹386
April₹373
May₹361
June₹349
July₹363
August₹378
September₹393
October₹401
November₹409
December₹417

Official Website –tatasteel.com

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