NSE: TATASTEEL · BSE: 500470 · ISIN INE081A01020
Tata Steel Limited stock analysis
Tata Steel Limited ranks #2201 in the TickerSutra evidence-ranked universe with a score of 48/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.5%, quarterly sales growth of 14.3% and quarterly profit growth of 16.8%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.02×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,43,959cr | ₹63,490cr | ₹41,749cr | 26.0% |
| 2023 | ₹2,43,353cr | ₹32,300cr | ₹8,075cr | 13.0% |
| 2024 | ₹2,29,171cr | ₹22,248cr | ₹-4,910cr | 10.0% |
| 2025 | ₹2,18,543cr | ₹25,298cr | ₹3,174cr | 12.0% |
| 2026 | ₹2,32,140cr | ₹34,352cr | ₹10,886cr | 15.0% |
| TTM | ₹2,39,756cr | ₹36,189cr | ₹11,264cr | 15.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutinePendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)NSE · 29 Sept 2026 · Structured filingTata Steel Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
Tata Steel Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
Open original XBRL sourceDisclosure Under Regulation 51
RoutinePendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyNSE · 29 Sept 2026Tata Steel Limited has informed the Exchange about disclosure under Regulation(s) 30 read with 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 28 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 26 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
MANAGEMENT COMMENTARY
Signals from filed documents
3,579 crores on capital expenditure during the quarter, of which the majority was in India. Our recently completed capacity expansion i.e. phase 2 of Kalinganagar with 5 MTPA and 0.75 MTPA EAF in Ludhiana are ramping up well and have been compl emented by the earlier announced focused investments in the downstream facilities that Naren mentioned, further strengthening our product mix and reinforcing our leadership in
Moving to NINL, the first quarter EBITDA performance was strong at about Rs. 498 crores, translating to a margin improvement from about 27% in 4Q to about 29% in 1Q, leveraging operational excellence and the commercial strategy of the Tata Steel ecosystem. Moving now to the European operations, I would like to comment on the local market dynamics before moving on to the performance.
Industry Bodies Collaborative engagement on critical policy matters, and on advancing research and innovation across mining, manufacturing, trade, finance and sustainability. Long-term, mutually beneficial customer relationships enable Tata Steel to sustain market leadership across existing and emerging segments. Effectively communicating the brand’s vision and initiatives to society and stakeholders, while strengthe
The Company entered into a partnership with a state-of-the-art processing facility in the northern region which further enhanced serviceability and customer engagement in the appliances segment. In parallel, the Company expanded its footprint in renewable energy, consumer durables and capital goods, driven by targeted product approvals and the commercialisation of innovative offerings such as poly-coated steel and ad
The turnover of TSG in FY2025-26 was ₹2,32,140 crore, higher over FY2024-25 by ₹13,597 crore (6%) on account of increase in deliveries at the Indian operations and South East Asian operations attributable to increase in production, partly offset by decline in steel realisations across geographies. The EBITDA of TSG in FY2025-26 was ₹34,848 crore, higher over FY2024-25 by ₹9,046 crore (35%), primarily due to increase
TSN revenue for the quarter w as about €1.4 billion. On per ton basis, the revenue was up by about €87 per ton, but this was more than offset by the rise in the costs to the tune of €118 per ton on QoQ basis, largely due to the volume loss coupled with the increase in the raw material costs. EBITDA for this quarter was about €4 million.
Financial implications Negative 148148 B4. Research and Development/Technology, Product and Process Innovation Opportunity Rationale for identifying the risk/opportunity Tata Steel’s Initiative Tata Steel’s commitment to R&D, new technologies, and innovation helps serve customers better, maintain leadership in differentiated products, and enter new markets. R&D and innovation also enhance cost competitiveness through
One is, of course, to run the existing operation and obviously, as Koushik said, before we make new investments, we need to see that there is a social license to operate and there is a return on any investment that we make. So , we will plan our investment s in Europe, if at all, based on the regulatory environment. The market side is certainly improved, as we said earlier , t he policy support for the transition con
This system enables real time monitoring of statutory deposits, flags deviations, and triggers corrective actions. Warning letters are issued to suppliers for non compliance, and repeat deviations follow a structured consequence management process to ensure accountability and corrective behaviour. Provide the number of employees/workers having suffered high consequence work- related injury/ill- health/ fatalities (as
The prices are helping, but we need to see. The contract renewal that will happen from November onwards will also be an indicator as to how the price increases are sticking. Narendran: CEO & MD - Tata Steel Limited In UK, as Koushik said, every quarter is getting better than the previous quarter.
We have already commenced early site development work for the 4.8 MTPA Phase 1 expansion at NINL. Regulatory approvals are progressing steadily, and basic engineering, critical for a final capital allocation decision, is advancing well. Our capital allocation strategy for FY2026-27 focuses on a balanced mix of sustenance projects, ongoing investments in value-added downstream and infrastructure projects, new technolo
How is Tata Steel managing its debt profile and deleveraging journey? Deleveraging remains a core enterprise priority. In FY2025-26, we reduced our Net Debt to ₹80,144 crore, bringing our Net Debt to EBITDA ratio down to a healthy 2.3x from 3.3x two years ago.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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