• Tata Steel Share Price

    Tata Steel Limited is one of the best multinational steel manufacturing companies in India. It is a subsidiary of the Tata Group, whose headquarters are located at Mumbai, Maharashtra. With an annual crude steel delivery of 27.5 million tons (for the financial year 2017), Tata Steel is reported as one of the top-selling and highly-rated steel making industries in the world.

    Company’s Wealth And Performance

    • Tata Steel released its consolidated financial statements for the Q3 (Third Quarter) FY (Fiscal Year) 2018. The report stated that the net income for the third quarter increased to Rs.33,672.48 crore from Rs.29,154.75 crore in Q3 FY 2017.
    • The company has performed remarkably well in net profit as well. The consolidated net PAT (Profit after Tax) for the quarter is 1,143.88 crore and there is an immense growth from the Q3 FY 2017 by 98%, which was at Rs.231.90 crore.
    • The economic recovery on a global scale is broad and remains to strengthen. The steel demand-supply chain in the global market is favorable and has improved from the previous years.
    • The provisional production of Tata Steel in India for the third quarter marginally decreased to 3.24 million tons from 3.28 million tons in the last quarter of FY 2016-2017. However, in the 9-month duration from April to December of Fiscal Year 18, the production grew by 10.6% at 9.23 million tons.
    • The European steel production during the third quarter marginally increased to 2.68 million tons compared to the FY 17, which was at 2.64 million tons. The sales in steel business both in Europe and India operations were reported to be higher for Q3 FY 18 at 2.41 million tons and 3.3 million tons respectively.

    Tata Steel Stock Trends in 2018

    Q1 FY 2018-19

    The key highlights of the company’s consolidated financial performance for Q1 FY 2018-19, ended 31 June 2018 are as follows:

    • The revenue recorded an increase of 4.7% quarter-on-quarter (QoQ) and stood at Rs.37,833 crore.
    • Profit After Tax (PAT) was at Rs.1,934 crore as against Rs.14,688 crore in Q4, FY 2017-18.
    • The company’s capital expenditure stood at Rs.1,931 crore.
    • EBITDA (Earnings before interest, taxes, depreciation, and amortization) decreased marginally and stood at Rs.6,559 as against Rs.6,579 in Q4, FY 2017-18.
    • The company’s liquidity position was robust with Rs.24,984 crore (approx.) of which Rs.13,086 crore is in cash and cash equivalent while Rs.11,899 crore in undrawn bank lines.
    • In case of Tata Steel India operations, the total deliveries recorded an increase of 7.9% YoY and stood at 2.97 million tons while domestic deliveries were up by 13.7% YoY.
    • Industrial products and projects segment sales recorded an increase of 36.6% YoY.
    • Tata Steel India’s total revenue stood at Rs.16,405 crore recording an increase of 13.8% YoY.
    • Thanks to better realisations and improved operational efficiencies, the EBITDA increased by 75% YoY and stood at Rs.5,118 crore.
    • In this quarter, Tata Steel successfully completed the acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code.
    FY 2017-18

    The key financial highlights of the company’s consolidated performance for the entire FY 2017-18, ended 31 March 2018 are as follows:

    • The total revenue from operations stood at Rs.60,519.37 crore while the total income was Rs.61,283.03 crore.
    • The total expenses of the company stood at Rs.51,278 crore.
    • The net profit stood at Rs.4,169.55 crore
    • For Q4 FY 2017-18, the company recorded a consolidated net profit of Rs.14,688.02 crore as against a loss of Rs.1,168 crore for the same period in the previous year.
    • Income from operations was up by 2.6% to Rs. 35,737 crore. The company recorded a decline of 5.9% in total steel deliveries while domestic deliveries were down by 5.6% and stood at 3.03 million tonnes.
    • The total consolidated income for the quarter recorded an increase and stood at Rs.36,407.19 crore, up from Rs.35,457.06 crore for the same period in the previous year.
    • Tata Steel released its consolidated financial statements for the Q3 (Third Quarter) FY (Fiscal Year) 2018. The report stated that the net income for the third quarter increased to Rs.33,672.48 crore from Rs.29,154.75 crore in Q3 FY 2017.
    • The company has performed remarkably well in net profit as well. The consolidated net PAT (Profit after Tax) for the quarter is 1,143.88 crore and there is an immense growth from the Q3 FY 2017 by 98%, which was at Rs.231.90 crore.
    • The economic recovery on a global scale is broad and remains to strengthen. The steel demand-supply chain in the global market is favorable and has improved from the previous years.   
    • The provisional production of Tata Steel in India for the third quarter marginally decreased to 3.24 million tons from 3.28 million tons in the last quarter of FY 2016-2017. However, in the 9-month duration from April to December of Fiscal Year 18, the production grew by 10.6% at 9.23 million tons.  
    • The European steel production during the third quarter marginally increased to 2.68 million tons compared to the FY 17, which was at 2.64 million tons.  The sales in steel business both in Europe and India operations were reported to be higher for Q3 FY 18 at 2.41 million tons and 3.3 million tons respectively.

    Tata Steel Stock Trends in 2018

    • The New Year 2018 opened with the stock trading at Rs.732.50 and kept hovering for the next few days. On the fifth day, the company released its financial statements of debt securities.
    • The Tata Steel’s production for Q3 FY 18 was marginally down at 3.24 MT and the company informed about its special meetings with the investors and analysts.
    • On January 12, the company saw an inclination in its share price and was trading at Rs.771.20. With this, the firm releases its Investor Complaints Report for Q4 FY 2017. The trade for the month closed at Rs.735.50 with a slip by 1% due to ex-rights in the stock market.
    • In February 2018, the price saw a big dip and the share was trading at Rs.708 and kept plummeting and went as low as Rs.668. But after the meetings with investors and surges in profit for the third quarter, the company jumped by 5% and was trading close to Rs.715 in the mid.
    • The prices kept fluctuating but remained steady between Rs.650 and Rs.700 in the whole month.  
    • At the beginning of March, the price of the stock stood at Rs.671. The scrip fell throughout the month and was down by around 105 points. The opening price of the stock by the end of the month was Rs.581.
    • In the month of April, the scrip increased marginally by around 20 points. Towards the end of the month, the price of the stock was at Rs.591.
    • The price of the stock at the beginning of May increased by around 35 points and stood at Rs.630 towards the end. The opening price of the stock by the end of May was Rs.584.
    • In the month of June, the scrip was up by 30 points and reached Rs.600. However, it fell by the end of the month and stood at Rs.551.
    • The price of the stock at the beginning of July was at Rs.575. It fell by around 75 points and reached Rs.499 by middle of the month. The scrip picked up the pace and ended the month at Rs.551.
    • In the month of August, the stock price increased by around 40 points and stood at Rs.608 towards the end.

    Tata Steel Stock Returns in 2016 And 2017

    • The share price of Tata Steel at the beginning of 2016 opened at Rs.259 on NSE and BSE. But in the next few weeks, the share price declined to Rs.254 due to a slight weakening in the overall sales.
    • The mid of March saw a steady growth in the sales, which reflected the price as well. The shares were trading about Rs.300, which inclined to Rs.324.90 at the end of the month.
    • The share price of Tata Steel opened with Rs.317.65 during April 2016, owing it to a comparatively reduced sales to the closing price of the March month. However, the last ten days of the month saw an improvement and the share price was trading close to Rs.350 with a steady growth in the steel sales.
    • With the announcement of Liberty House Group confirming its bid for the Tata Steel Limited in the United Kingdom, the share price rose to Rs.347.15 on May 2, 2016. However, the price kept plummeting for the entire month, owing it to the weak sales. The share price of the month closed at Rs.324.50 with an intimation of meetings conducted by Tata Steel with the institutional investors and analysts.
    • The share price for June 2016 kept fluctuating between Rs.300 and Rs.330. There wasn’t any spike or big announcements but on 26 June, the company faced Brexit heat and the scrip fell by 11%.
    • The share price was trading at Rs.326.50 during July 2017 and with this, the company announced its Q1 FY 17 provisional production figures. On 4 July, Tata Steel decided to freeze the UK auction to evaluate Brexit. The share value increased gradually and on 19 July, the company planned to rise with a maximum of Rs.10,000 crore through private placement. The month ended with share trading close to Rs.350.
    • With constant sales in the steel business, the shares of Tata Steel was being traded at Rs.356.15 on the initial day of August 2016. On August 10, the company inaugurated the facility of daycare services for its employees. The entire month saw a good improvement with strong sales in the market.
    • With the allotment of NCDs (Non-Convertible Debentures), the September month saw a great improvement in share price, touching nearly Rs.400.
    • However, the share price on the opening day of October decreased to Rs.376.90 and the month saw ups and downs consistently.
    • The share price was trading at Rs.404.85 on the initial day of November and the price rose to Rs.432 on 11 November after the announcement of consolidated and standalone financial statements for the second quarter.
    • The month of December opened with price trading at Rs.417 and the next few days saw fluctuations. On 8 December, the company jumps by 4% with the UK investment plan and makes an agreement with the trade union. The year ended with share price trading at Rs.393.
    • The year 2017 opened with share price trading at Rs.393.45 and the value over the month greatly improved. It reached its peak on 18 December and gained approximately 3% on the domestic bourses.
    • By February, the share price was moving close to Rs.460 and inclined to Rs.470 on the second day. The company executes definitive agreements to obtain the maximum stake in the middle of the month. With the update in the pension scheme, the month ended with a good inclination and the share closed at Rs.480.
    • The trade opened at Rs.485 in March and Tata Steel launched two of its applications in the second day. From Match to Mid-May, the prices were hovering approximately between Rs.470 and Rs.500.
    • By the middle of June, the share market of Tata Steel rose by 2% and the company planned to sell its stakes in it's subsidiary - Tata Motors.
    • With high sales in the steel business, the price of Tata Steel share increased to Rs.550 on the fifth day of July and remained moving upwards for the entire month.
    • From August to September 2017, the share price kept inclining and touched to nearly Rs.670.
    • On 9 October, Tata Steel share market hits its 52-week high after an incredible performance in the second quarter and the share traded close to Rs.715. The prices saw slight fluctuations for the next two months. The year ended with raising outputs in the Khondbond mine.

    Should You Invest in Tata Steel Limited?

    • Tata Steel is not only one of the leading brands but is also reported to be on the list of Fortune’s top 500 biggest corporations in the world.
    • Their steel plants produce Alloy, Cast Iron, Soft Iron, Iron, Cables, Wires, Locomotive parts, Tinplate, Machinery, and Agricultural equipment.
    • Despite many major competitors in the industry, the firm has remained consistent in making profits. However, at times, with market fluctuations and low business sales, the company has performed low than the desired expectations.
    • The company had decent sales in the last six quarters and particularly, higher sales in the Q4 (i.e. March 2017).
    • Though the brand is popular and has plenty of advantages in the steel business, its drawbacks can certainly not be ignored. To name a few, the company has a low-interest coverage ratio and has incurred many expenses. Understand that for consistent profit, costs should be maintained properly.
    • The annual sales for the last years were reduced every year. In 2012, it was Rs.1,32,899 crore, which now has turned into Rs.1,17,1551 crore in 2017. Also, its investments, as well as assets, are significantly decreasing.
    • Whether to invest in Tata Steel or not, is certainly a big question. It is highly advised to go through their sales records and put the money based on good quarterly outcomes.
    • If the last quarter is considered, the prices hiked and they performed well in the market. Talking about the steel business, there has always been all-around improvements and a majority of the players have reported decent numbers for 2016-17.
    • Overall, they can be appreciated and you can wait for the right time to invest or just hold for the right time to make good profits.

    Company Information

    Tata Steel serves customers in the fields of:

    • Power
    • Energy
    • Defense
    • Security
    • Railways
    • Aerospace
    • Packaging
    • Excavating
    • Engineering
    • Automotive
    • Shipbuilding
    • Construction

    As far as the domestic production is considered, the company ranks as the second biggest steel producing company in India with a capacity of 13 million tons per annum. Tata Steel employs about 80,500 people and features industrial operations in 26 countries, even including the United Kingdom, Netherlands, China, Australia, Thailand, and Singapore.

    History of the Company

    Formerly known as TISCO (Tata Iron and Steel Company), the Tata Steel Limited is one of the leading steel corporations in the world. Jamshedji Tata founded this company and was established on August 26, 1907, by Dorabji Tata.

    The popularity of the company grew in a few years and by 1939, the company was operating as one of the biggest steel plants in the British Empire. In 1951, the firm launched its major expansion and modernization program, which was later improved to a 2 million MTPA (Metric Tons Per Annum) project.

    The business grew further and in 1970, it hired about 40,000 employees at Jamshedpur and an additional 20,000 employees at the nearby coal mines. The success of the company grew hugely and in 1990, the firm started its expansion program and established a subsidiary in New York with the name Tata Incorporation. In 2005, the company was renamed to Tata Steel Limited from TISCO.

    On February 2015, the company announced its interest in buying 3 strip product service centers from SSAB in Finland, Norway, and Sweden to strengthen its offerings in the Nordic region. However, the company never disclosed its transaction value.

    During September 2017, Tata Steel and ThyssenKrupp, a Germany-based company announced their plans to unite their European steel manufacturing businesses for a fifty-fifty joint venture. With this, the popularity of the company grew and today, it is recognized as one of the world’s reputed and most valuable steel brands.

    Management Information

    Natarajan Chandrasekaran – The Chairman of Tata Sons

    Natarajan Chandrasekaran is the Chairperson of Tata Sons Limited, who is also the former Managing Director and CEO of TCS (Tata Consultancy Services). The companies operating under Tata Sons include Tata Steel, Tata Motors, Tata Communications, Tata Power, Titan, Tata Chemicals, Tata Beverages, Tata Consultancy Services, and Taj Hotels.

    Under Chandrasekaran’s leadership, TCS was reported not only as one of the biggest private-sector employers but also was rated to be the world’s most influential brands in the field of Information Technology. He serves as a chairman for the NASSCOM from 2012 to 2013 and played a key role in the India-UK and Indo-US CEO forums.

    He has not only achieved many awards but was also honored with the Economic Times Award for Corporate Excellence in 2016. He promoted economic and trade relations between India and the Netherlands, which made him receive the Frans Banninck Cocq Medal from Amsterdam. Besides all these, he was also voted as “The Best CEO” for the fifth time consecutively during the 2015’s All-Asia Executive Team rankings.

    T.V. Narendran – Chief Executive Officer and Managing Director

    T.V. Narendran is the present MD (Managing Director) and CEO (Chief Executive Officer) of Tata Steels Limited. He joined the Tata Steel business in 1988 right after he finished his MBA from IIM (Indian Institute of Management) Calcutta. His responsibility at Tata Steel is to take care of the operations and look after the domestic as well as international steel businesses.

    He worked from 1988 to 1997 in the Tata Steel’s International Trading Division, in which he spent 5 years in Dubai taking care of the Tata Steel’s Exports department of the Middle East. From 1997 to 2001, he not only worked in the marketing and sales department but also played an important role in developing the brand – “Tata Tiscon.”

    He was involved with the company’s initial overseas acquisition called NatSteel and was elected as the Executive Vice President during the year 2005. At NatSteel, he took over as the CEO in January 2008 and played a significant role in incorporating Tata Steel and NatSteel.

    Koushik Chatterjee – Executive Director and CFO (Chief Financial Officer)

    Koushik Chatterjee joined Tata Steel Limited in 1995 and was appointed as the Vice President in 2004. Under his leadership, he led the company’s initial overseas acquisition called the NatSteel Asia. During his tenure, he took care of the Corporate Function and Group Finance.

    In 2009, Asia Money declared him as India’s “Best Executive” and besides being a great speaker, he is also a member of SEBI’s Primary Market Advisory Committee and Indian Institute of Chartered Accountants.

    Tata Steel Listings and Indices

    In India, Tata Steel Limited is listed on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange), whose shares can be purchased and sold consequently. It is a well-known, reputed steel brand and is an integral part of various benchmark indices like NIFTY and SENSEX.

    • The NSE code is TATASTEEL.
    • The BSE code is 500470.

    The company is also a part of a few other indices like BSE 100, BSE 200, CNX 500, CNX FMC G, and CNX Midcap. Besides these, it is also listed on London Stock Exchange and Luxembourg Stock Exchange.

    Headquarters Location

    1. Tata Steel Limited

    Floor No: 3, Forbes 1,

    Dr. V.B. Gandhi Marg, Fort,

    Mumbai – 400001.

    2. Tata Steel Limited

    Floor No: 3, Orient House,

    Adi Marzban Path,

    Ballard Estate,

    Mumbai – 400038.

    Stocks vs. Mutual Funds: here's what we recommend

    Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

    Disclaimer: There are neither guarantees on profits nor exceptions from the losses. The information given here is purely based on the stock trends a company is performing and does not intends to give any personal advice. Therefore, it is highly recommended to perform your own research and rely on your judgment while investing or trading. Also, note that past performances never indicate a company’s future returns. Every investment is subject to market risk and hence, it is vital to comprehend the risks before taking a step.

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