TATASTEEL

TATA STEEL LTD

Financial statements & historical fundamentals analysis

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Borrowings	+83,014	+92,147	+100,816	+116,328	+88,501	+75,561	+84,893	+87,082	+94,801	+92,382
Capital Work in Progress	+15,784	+16,614	+18,641	+19,497	+19,007	+22,046	+31,213	+34,356	+41,622	+28,497
Debtor Days	+38	+37	+27	+21	+22	+18	+12	+10	+9	+8
Debtors	+11,587	+12,416	+11,811	+7,885	+9,540	+12,246	+8,257	+6,264	+5,260	+4,917
Equity Share Capital	+970	+1,145	+1,145	+1,145	+1,198	+1,221	+1,221	+1,247	+1,247	+1,247
Inventory	+24,804	+28,331	+31,656	+31,069	+33,276	+48,824	+54,415	+49,158	+44,590	+47,249
Inventory Turnover	+5	+4	+5	+5	+5	+5	+4	+5	+5	+5
Investments	+12,457	+17,899	+5,738	+6,285	+10,682	+13,140	+8,410	+6,258	+6,194	+7,089
Net Block	+92,007	+96,105	+124,442	+134,551	+135,775	+133,288	+146,621	+148,814	+150,914	+179,908
Other Assets	+52,200	+78,103	+83,952	+88,816	+78,445	+113,948	+99,151	+79,885	+76,728	+81,021
Other Liabilities	+51,614	+55,704	+63,032	+59,245	+81,169	+92,417	+97,421	+90,195	+89,488	+101,965
Reserves	+36,849	+59,726	+67,780	+72,431	+73,041	+113,222	+101,861	+90,788	+89,922	+100,920
Return on Capital Emp	—	+0	+0	+0	+0	+0	+0	+0	+0	+0
Return on Equity	0	+0	+0	+0	+0	+0	+0	0	+0	+0
Total	+172,447	+208,722	+232,773	+249,149	+243,909	+282,422	+285,396	+269,312	+275,459	+296,515
Working Capital	+586	+22,399	+20,920	+29,572	-2,724	+21,531	+1,730	-10,310	-12,760	-20,944

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Financing Activity	-2,579	+6,640	-673	-1,695	-37,090	-23,401	-6,981	-11,097	-7,002	-21,387
Cash from Investing Activity	-9,490	-11,730	-29,176	-14,012	-9,437	-10,905	-18,179	-14,253	-13,611	-14,397
Cash from Operating Activity	+10,824	+8,023	+25,336	+20,169	+44,327	+44,381	+21,683	+20,301	+23,138	+35,064
Net Cash Flow	-1,245	+2,933	-4,513	+4,462	-2,200	+10,075	-3,477	-5,049	+2,524	-720

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Depreciation	+5,673	+5,742	+7,342	+8,441	+9,234	+9,101	+9,335	+9,882	+10,421	+11,955	+12,850
Dividend Payout	0	+0	+0	+1	+0	+0	+1	0	+1	+0	—
EPS	-4	+12	+9	+1	+6	+33	+7	-4	+3	+9	+9
Expenses	+99,156	+101,816	+128,351	+122,354	+125,973	+180,469	+211,053	+206,923	+193,244	+197,788	+203,567
Interest	+5,072	+5,455	+7,660	+7,533	+7,607	+5,462	+6,299	+7,508	+7,341	+7,167	+7,085
Net profit	-4,241	+13,434	+10,218	+1,557	+7,490	+40,154	+8,760	-4,437	+3,421	+10,794	+11,035
Operating Profit	+13,144	+21,433	+29,318	+17,463	+30,504	+63,490	+32,300	+22,248	+25,298	+34,352	+36,189
OPM	+0	+0	+0	+0	+0	+0	+0	+0	+0	+0	+0
Other Income	-3,789	+10,898	+1,524	-2,884	+180	+1,300	+1,569	-6,005	+877	+738	+485
Price	+46	+57	+52	+27	+81	+131	+105	+156	+154	+192	+183
Price to earning	-12	+5	+6	+20	+13	+4	+15	-44	+56	+22	+21
Profit before tax	-1,391	+21,135	+15,841	-1,395	+13,844	+50,227	+18,235	-1,147	+8,413	+15,969	+16,739
Sales	+112,299	+123,249	+157,669	+139,817	+156,477	+243,959	+243,353	+229,171	+218,543	+232,140	+239,756
Tax	+2,778	+3,392	+6,718	-2,568	+5,654	+8,478	+10,160	+3,763	+5,239	+5,083	+5,475

Metric	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Depreciation	+2,568	+2,535	+2,597	+2,569	+2,720	+2,744	+2,893	+3,049	+3,268	+3,640
Expenses	+52,087	+48,077	+47,789	+47,745	+49,659	+45,751	+49,793	+48,803	+53,441	+51,530
Interest	+1,842	+1,777	+1,971	+1,804	+1,789	+1,852	+1,775	+1,747	+1,792	+1,771
Net profit	+611	+960	+833	+327	+1,301	+2,078	+3,102	+2,689	+2,926	+2,318
Operating Profit	+6,601	+6,694	+6,116	+5,903	+6,559	+7,428	+8,897	+8,200	+9,829	+9,264
OPM	+0	+0	+0	+0	+0	+0	+0	+0	+0	+0
Other Income	-382	-6	+617	+142	+149	+236	-6	+465	+42	-17
Profit before tax	+1,809	+2,377	+2,164	+1,672	+2,200	+3,067	+4,222	+3,869	+4,810	+3,838
Sales	+58,687	+54,771	+53,905	+53,648	+56,218	+53,178	+58,689	+57,002	+63,270	+60,794
Tax	+1,254	+1,458	+1,405	+1,377	+999	+1,060	+1,039	+1,138	+1,845	+1,452