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Last Updated: April 2, 2026, 2:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500470 | NSE: TATASTEEL

Tata Steel Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹59.82Overvalued by 69.32%vs CMP ₹195.00

P/E (24.8) × ROE (3.9%) × BV (₹76.10) × DY (1.85%)

₹98.71Overvalued by 49.38%vs CMP ₹195.00
MoS: -97.5% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹44.3130%Over (-77.3%)
Graham NumberEarnings₹112.0322%Over (-42.5%)
Net Asset ValueAssets₹76.2110%Over (-60.9%)
EV/EBITDAEnterprise₹152.6012%Over (-21.7%)
Earnings YieldEarnings₹73.3010%Over (-62.4%)
ROCE CapitalReturns₹161.7810%Over (-17%)
Revenue MultipleRevenue₹175.437%Over (-10%)
Consensus (7 models)₹98.71100%Overvalued
Key Drivers: EPS CAGR -25.9% drags value — could be higher if earnings stabilize. | ROE 3.9% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -25.9%

*Investments are subject to market risks

Analyst Summary

Tata Steel Ltd operates in the Steel segment, NSE: TATASTEEL | BSE: 500470, current market price is ₹195.00, market cap is 2,42,929 Cr.. At a glance, stock P/E is 24.8, ROE is 3.89 %, ROCE is 8.83 %, book value is 76.1, dividend yield is 1.85 %. The latest intrinsic value estimate is ₹98.71, around 49.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹218,543 Cr versus the prior period change of -4.6%, while latest net profit is about ₹3,174 Cr with a prior-period change of 164.6%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 216/124, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisTata Steel Ltd. is a Public Limited Listed company incorporated on 26/08/1907 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27100MH1907PLC000260 and registration number is 000260. Currently Company is involved…

This summary is generated from the stock page data available for Tata Steel Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

49
Tata Steel Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health35/100 · Weak
ROCE 8.8% AverageROE 3.9% WeakD/E 1.10 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 2.50% MF buyingPromoter holding at 33.2% Stable
Earnings Quality40/100 · Moderate
OPM contracting (20% → 11%) Declining
Quarterly Momentum80/100 · Strong
Revenue (4Q): 0% YoY FlatProfit (4Q): +143% YoY StrongOPM: 15.0% (up 4.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
P/E 24.8 vs industry 22.3 In-lineROCE 8.8% vs industry 8.8% Average3Y sales CAGR: -4% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:54 am

Market Cap 2,42,929 Cr.
Current Price 195
Intrinsic Value₹98.71
High / Low 216/124
Stock P/E24.8
Book Value 76.1
Dividend Yield1.85 %
ROCE8.83 %
ROE3.89 %
Face Value 1.00
PEG Ratio-0.96

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Tata Steel Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tata Steel Ltd 2,42,929 Cr. 195 216/12424.8 76.11.85 %8.83 %3.89 % 1.00
JSW Steel Ltd 2,78,880 Cr. 1,140 1,285/90535.7 3390.25 %8.11 %4.94 % 1.00
Steel Authority of India Ltd 64,362 Cr. 156 168/10121.2 1411.03 %6.76 %4.54 % 10.0
Shyam Metalics & Energy Ltd 22,247 Cr. 797 1,001/73722.9 3950.56 %12.0 %8.99 % 10.0
Technocraft Industries (India) Ltd 5,111 Cr. 2,254 3,392/1,86818.6 8310.89 %15.8 %14.5 % 10.0
Industry Average47,622.23 Cr296.8422.32160.060.39%8.78%7.09%7.50

All Competitor Stocks of Tata Steel Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 59,87857,08462,96259,49055,68255,31258,68754,77153,90553,64856,21853,17858,689
Expenses 53,81753,03655,74254,58751,41449,04852,08748,07747,78947,74549,65945,75149,793
Operating Profit 6,0604,0487,2194,9034,2686,2646,6016,6946,1165,9036,5597,4288,897
OPM % 10%7%11%8%8%11%11%12%11%11%12%14%15%
Other Income 4124912771,190-6,568-33-382-6617142149236-6
Interest 1,5191,7681,7941,8251,9591,8811,8421,7771,9711,8041,7891,8521,775
Depreciation 2,3482,3682,3822,4122,4802,4222,5682,5352,5972,5692,7202,7442,893
Profit before tax 2,6054033,3211,855-6,7391,9281,8092,3772,1641,6722,2003,0674,222
Tax % 50%721%53%72%-3%73%69%61%65%82%45%35%25%
Net Profit 1,297-2,5021,566525-6,5115225559197592951,2012,0073,183
EPS in Rs 1.24-1.821.400.52-5.070.420.490.770.670.261.041.662.48

Last Updated: January 12, 2026, 9:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 1, 2026, 1:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 148,614139,504101,965112,299123,249157,669139,817156,477243,959243,353229,171218,543225,088
Expenses 132,430136,095102,59099,156101,816128,351122,354125,973180,469211,053206,923193,244194,005
Operating Profit 16,1843,409-62513,14421,43329,31817,46330,50463,49032,30022,24825,29831,083
OPM % 11%2%-1%12%17%19%12%19%26%13%10%12%14%
Other Income 7165,99410,346-3,78910,8981,524-2,8841801,3001,569-6,005877845
Interest 4,3374,8484,2215,0725,4557,6607,5337,6075,4626,2997,5087,3417,163
Depreciation 5,8415,9445,3065,6735,7427,3428,4419,2349,1019,3359,88210,42111,406
Profit before tax 6,722-1,388193-1,39121,13515,841-1,39513,84450,22718,235-1,1478,41313,358
Tax % 45%185%358%200%16%42%-184%41%17%56%328%62%
Net Profit 3,665-3,939-497-4,16917,7439,1221,1748,19041,7498,075-4,9103,1749,122
EPS in Rs 3.19-3.48-0.34-3.7611.939.071.386.2632.887.17-3.552.747.33
Dividend Payout % 27%-20%-203%-23%9%15%74%40%16%50%-101%131%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-207.48%87.38%-738.83%525.59%-48.59%-87.13%597.61%409.76%-80.66%-160.80%164.64%
Change in YoY Net Profit Growth (%)0.00%294.86%-826.22%1264.43%-574.18%-38.54%684.75%-187.86%-490.41%-80.15%325.45%

Tata Steel Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:9%
3 Years:-4%
TTM:-3%
Compounded Profit Growth
10 Years:11%
5 Years:77%
3 Years:-55%
TTM:180%
Stock Price CAGR
10 Years:23%
5 Years:32%
3 Years:15%
1 Year:10%
Return on Equity
10 Years:11%
5 Years:14%
3 Years:6%
Last Year:4%

Last Updated: September 5, 2025, 4:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9719719709701,1451,1451,1451,1981,2211,2211,2471,2471,247
Reserves 39,56130,37842,76236,84959,72667,78072,43173,041113,222101,86190,78889,92293,700
Borrowings 81,62980,70181,98783,01492,147100,816116,32888,50175,56184,89387,08294,80195,643
Other Liabilities 49,44347,05951,16551,61455,70463,03259,24581,16992,41797,42190,19589,48894,975
Total Liabilities 171,604159,109176,884172,447208,722232,773249,149243,909282,422285,396269,312275,459285,565
Fixed Assets 74,90768,10072,20092,00796,105124,442134,551135,775133,288146,621148,814150,914166,095
CWIP 26,82228,67835,99615,78416,61418,64119,49719,00722,04631,21334,35641,62233,152
Investments 5,0933,45510,71412,45717,8995,7386,28510,68213,1408,4106,2586,1946,903
Other Assets 64,78158,87657,97452,20078,10383,95288,81678,445113,94899,15179,88576,72879,415
Total Assets 171,604159,109176,884172,447208,722232,773249,149243,909282,422285,396269,312275,459285,565

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 13,14611,88011,45510,8248,02325,33620,16944,32744,38121,68320,30123,512
Cash from Investing Activity + -15,378-9,021-8,794-9,490-11,730-29,176-14,012-9,437-10,905-18,179-14,253-13,985
Cash from Financing Activity + 1,015-2,617-4,729-2,5796,640-673-1,695-37,090-23,401-6,981-11,097-7,002
Net Cash Flow -1,218241-2,068-1,2452,933-4,5134,462-2,20010,075-3,477-5,0492,524
Free Cash Flow -2,980-1691,5233,39772416,71210,15637,79334,4287,8682,5699,105
CFO/OP 100%420%-2,078%96%51%104%128%148%89%84%115%103%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-65.00-77.00-706.00-70.00-71.00-71.00-99.00-58.00-12.00-52.00-65.00-69.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 39354338372721221812109
Inventory Days 156165180230224190197213213175176171
Days Payable 133126167172161130136166161122108113
Cash Conversion Cycle 627456969987826971667867
Working Capital Days -43-6-47-32-31-18-38-55-34-42-59-50
ROCE %10%1%1%6%12%14%6%12%31%13%7%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 33.90%33.90%33.90%33.70%33.19%33.19%33.19%33.19%33.19%33.19%33.19%33.19%
FIIs 20.62%20.28%20.31%20.01%19.61%19.68%19.25%18.53%18.29%17.22%17.29%17.49%
DIIs 20.68%20.96%22.20%23.15%23.51%23.33%22.67%23.52%24.48%26.07%26.92%26.98%
Government 0.16%0.16%0.16%0.16%0.16%0.18%0.18%0.18%0.18%0.18%0.18%0.18%
Public 24.63%24.70%23.43%22.99%23.52%23.60%24.69%24.55%23.84%23.31%22.42%22.14%
No. of Shareholders 36,44,09036,92,75038,04,72839,92,60947,17,44252,69,35459,87,13961,59,77960,25,70958,23,94255,05,58153,59,971

Shareholding Pattern Chart

No. of Shareholders

Tata Steel Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Flexi Cap Fund 80,000,000 1.59 1545.04N/AN/AN/A
SBI Contra Fund 74,067,300 2.94 1430.4633,345,5252025-12-08 06:51:33122.12%
SBI ELSS Tax Saver Fund 62,000,000 3.76 1197.41N/AN/AN/A
SBI Balanced Advantage Fund 56,910,230 2.73 1099.1145,456,7302025-12-08 06:40:0425.2%
SBI Large Cap Fund 47,000,000 1.66 907.7155,800,0002026-01-26 02:18:52-15.77%
HDFC Balanced Advantage Fund 37,885,014 0.68 731.6738,000,5142026-02-23 04:29:18-0.3%
SBI Flexicap Fund 36,400,000 3.04 702.99N/AN/AN/A
HDFC Focused Fund 32,000,000 2.35 618.02N/AN/AN/A
Nippon India Large Cap Fund 31,003,160 1.19 598.76N/AN/AN/A
Mirae Asset Large & Midcap Fund 29,200,954 1.33 563.9635,790,8902025-12-08 05:14:22-18.41%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.0010.0010.00
Basic EPS (Rs.) 2.74-3.627.17332.3563.78
Diluted EPS (Rs.) 2.74-3.627.17332.0963.78
Cash EPS (Rs.) 10.754.0313.91411.08142.75
Book Value[Excl.RevalReserv]/Share (Rs.) 73.0974.1086.12958.87640.69
Book Value[Incl.RevalReserv]/Share (Rs.) 73.0974.1086.12958.87640.69
Revenue From Operations / Share (Rs.) 175.19183.71199.271997.681306.58
PBDIT / Share (Rs.) 21.5219.3327.30526.32262.19
PBIT / Share (Rs.) 13.1611.4119.65451.80185.09
PBT / Share (Rs.) 6.59-0.8714.59405.97112.86
Net Profit / Share (Rs.) 2.39-3.896.27336.5565.65
NP After MI And SOA / Share (Rs.) 2.74-3.567.17328.8062.54
PBDIT Margin (%) 12.2810.5213.6926.3420.06
PBIT Margin (%) 7.516.219.8622.6114.16
PBT Margin (%) 3.76-0.477.3220.328.63
Net Profit Margin (%) 1.36-2.113.1416.845.02
NP After MI And SOA Margin (%) 1.56-1.933.5916.454.78
Return on Networth / Equity (%) 3.75-4.828.4935.0810.19
Return on Capital Employeed (%) 8.498.1312.5828.3112.69
Return On Assets (%) 1.22-1.623.0414.063.05
Long Term Debt / Equity (X) 0.750.560.490.390.89
Total Debt / Equity (X) 0.970.880.750.601.10
Asset Turnover Ratio (%) 0.790.810.840.910.63
Current Ratio (X) 0.790.710.891.020.84
Quick Ratio (X) 0.270.210.330.480.38
Inventory Turnover Ratio (X) 4.661.591.971.851.41
Dividend Payout Ratio (NP) (%) 131.26-99.3771.087.4815.28
Dividend Payout Ratio (CP) (%) 32.4380.9934.416.096.84
Earning Retention Ratio (%) -31.26199.3728.9292.5284.72
Cash Earning Retention Ratio (%) 67.5719.0165.5993.9193.16
Interest Coverage Ratio (X) 3.663.215.2911.774.13
Interest Coverage Ratio (Post Tax) (X) 1.521.392.208.552.17
Enterprise Value (Cr.) 269917.60267769.08194373.13215203.42175394.42
EV / Net Operating Revenue (X) 1.241.170.790.881.12
EV / EBITDA (X) 10.0611.105.833.355.59
MarketCap / Net Operating Revenue (X) 0.880.840.520.650.62
Retention Ratios (%) -31.26199.3728.9192.5184.71
Price / BV (X) 2.112.111.241.391.32
Price / Net Operating Revenue (X) 0.880.840.520.650.62
EarningsYield 0.01-0.020.060.250.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Tata Steel Ltd. is a Public Limited Listed company incorporated on 26/08/1907 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27100MH1907PLC000260 and registration number is 000260. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company's Total Operating Revenue is Rs. 132516.66 Cr. and Equity Capital is Rs. 1248.60 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
SteelBombay House, 24, Homi Mody Street, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. N ChandrasekaranChairman & Non-Exe.Director
Mr. Noel Naval TataNon Executive Vice Chairman
Mr. T V NarendranManaging Director & CEO
Mr. Koushik ChatterjeeExecutive Director & CFO
Mr. Saurabh AgrawalNon Executive Director
Dr. Shekhar C MandeIndependent Director
Mr. V K SharmaIndependent Director
Ms. Bharti Gupta RamolaIndependent Director
Mr. Pramod AgrawalIndependent Director
Mr. Deepak KapoorIndependent Director

FAQ

What is the intrinsic value of Tata Steel Ltd and is it undervalued?

As of 20 April 2026, Tata Steel Ltd's intrinsic value is ₹98.71, which is 49.38% lower than the current market price of ₹195.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.89 %), book value (₹76.1), dividend yield (1.85 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tata Steel Ltd?

Tata Steel Ltd is trading at ₹195.00 as of 20 April 2026, with a FY2026-2027 high of ₹216 and low of ₹124. The stock is currently near its 52-week high. Market cap stands at ₹2,42,929 Cr..

How does Tata Steel Ltd's P/E ratio compare to its industry?

Tata Steel Ltd has a P/E ratio of 24.8, which is above the industry average of 22.32. The premium over industry average may reflect growth expectations or speculative interest.

Is Tata Steel Ltd financially healthy?

Key indicators for Tata Steel Ltd: ROCE of 8.83 % is on the lower side compared to the industry average of 8.78%; ROE of 3.89 % is below ideal levels (industry average: 7.09%). Dividend yield is 1.85 %.

Is Tata Steel Ltd profitable and how is the profit trend?

Tata Steel Ltd reported a net profit of ₹3,174 Cr in Mar 2025 on revenue of ₹218,543 Cr. Compared to ₹41,749 Cr in Mar 2022, the net profit shows a declining trend.

Does Tata Steel Ltd pay dividends?

Tata Steel Ltd has a dividend yield of 1.85 % at the current price of ₹195.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tata Steel Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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