Tata Steel Limited

Metals & Mining · Ferrous Metals

NSE: TATASTEEL BSE: 500470

₹184.30

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Ferrous Metals

The largest companies in the same industry by market cap. This company ranks #2 of 27. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
JSW Steel Limited	306,513	42.7	24.2%	9.4%	—	56	21	31
Tata Steel Limited (this stock)	230,071	13.5	10.5%	10.0%	—	51	87	49
JINDAL STEEL LIMITED	115,770	45.5	6.5%	6.6%	0.18%	52	38	33
Steel Authority of India Limited	74,965	17.9	5.6%	34.5%	1.29%	43	88	50
Jindal Stainless Limited	61,617	21.9	16.0%	-2.0%	0.54%	67	37	34
Sarda Energy & Minerals Limited	17,524	19.9	14.8%	-9.7%	—	66	67	15
Vedanta Iron and Steel Limited	12,631	—	—	—	—	30	—	73
NMDC Steel Limited	12,109	133.3	-7.1%	-12.7%	—	29	63	31

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹296,208 Cr

EV / EBITDA

8.4x

EV / Sales

2.03x

Market cap / Sales

1.58x

Earnings yield

7.42%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 37,388 Cr, up 18.4% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 4,536 Cr, up 28.7% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	36,897	5,821	4,536	₹3.6300
March 31, 2026	38,448	6,346	4,660	₹3.7400
Dec. 31, 2025	35,578	5,046	3,822	₹3.0600
Sept. 30, 2025	34,680	5,403	4,060	₹3.2500
June 30, 2025	31,014	4,558	3,523	₹2.8200
March 31, 2025	34,399	4,293	3,169	₹2.5400
Dec. 31, 2024	32,760	5,175	3,879	₹3.1100
Sept. 30, 2024	32,399	4,786	3,591	₹2.8800
June 30, 2024	32,960	4,463	3,329	₹2.6700
March 31, 2024	36,635	5,416	4,050	₹3.2400
Dec. 31, 2023	34,682	6,023	4,653	₹3.7300
Sept. 30, 2023	33,223	-7,942	-8,531	₹-6.9400
June 30, 2023	32,342	5,742	4,271	₹3.4900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	37,388	38,669	36,358	35,290	31,569	34,964	33,216	33,251	33,332	37,116	35,010	34,073	33,984
Operating revenue	36,897	38,448	35,578	34,680	31,014	34,399	32,760	32,399	32,960	36,635	34,682	33,223	32,342
Other income	491	221	780	610	555	565	456	851	372	481	329	850	1,642
Operating expenses	27,713	28,975	27,847	26,531	23,895	27,420	25,260	25,790	26,186	28,588	26,432	26,472	25,883
Operating profit	9,183	9,473	7,731	8,148	7,119	6,979	7,500	6,610	6,773	8,046	8,250	6,751	6,459
Operating profit margin	24.9%	24.6%	21.7%	23.5%	23.0%	20.3%	22.9%	20.4%	20.6%	22.0%	23.8%	20.3%	20.0%
Depreciation	2,205	1,897	1,826	1,718	1,627	1,618	1,556	1,556	1,522	1,528	1,508	1,426	1,332
Interest	1,357	1,318	1,290	1,237	1,271	1,101	1,080	1,133	925	942	1,058	1,124	1,016
Exceptional items, gain / (loss)	-292	-132	-348	-400	-219	-533	-146	14	-237	-642	10	-12,993	-11
Profit before tax	5,821	6,346	5,046	5,403	4,558	4,293	5,175	4,786	4,463	5,416	6,023	-7,942	5,742
Tax	1,285	1,686	1,224	1,343	1,035	1,124	1,296	1,195	1,134	1,366	1,370	588	1,471
Net profit	4,536	4,660	3,822	4,060	3,523	3,169	3,879	3,591	3,329	4,050	4,653	-8,531	4,271
EPS	3.63	3.74	3.06	3.25	2.82	2.54	3.11	2.88	2.67	3.24	3.73	-6.94	3.49
Net profit (TTM)	17,077	16,065	14,575	14,631	14,162	13,968	14,849	15,623	3,502	4,443	4,414	2,466	13,652
EPS (TTM)	13.68	12.87	11.67	11.72	11.35	11.20	11.90	12.52	2.70	3.52	3.57	2.05	11.16

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	139,720	21,353	16,065
March 31, 2025	132,517	18,719	13,970
March 31, 2024	140,987	9,172	4,807
March 31, 2023	129,007	21,022	15,495

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	2.4%	16.7%	141,886^†	134,762^†	144,289^†	132,332^†	123,458^†	65,507^†	60,840^†	73,016^†	61,283^†	53,675^†
Operating revenue	2.7%	16.6%	139,720	132,517	140,987	129,007	122,026^†	64,869^†	60,436^†	70,611^†	60,519^†	53,261^†
Other income	—	—	2,166^†	2,245^†	3,302^†	3,325^†	1,432^†	638^†	404^†	2,405^†	764^†	414^†
Operating expenses	—	—	107,248^†	104,656^†	107,376^†	101,305^†	73,988^†	43,104^†	45,574^†	50,048^†	44,740^†	39,349^†
Operating profit	5.4%	8.3%	32,472^†	27,861^†	33,612^†	27,702^†	48,037^†	21,765^†	14,862^†	20,563^†	15,779^†	13,912^†
Operating profit margin	—	—	23.2%^†	21.0%^†	23.8%^†	21.5%^†	39.4%^†	33.6%^†	24.6%^†	29.1%^†	26.1%^†	26.1%^†
Depreciation	—	—	7,069^†	6,251^†	5,793^†	5,435^†	5,067^†	3,987^†	3,920^†	3,803^†	3,727^†	3,542^†
Interest	—	—	5,117^†	4,238^†	4,140^†	3,792^†	2,688^†	3,394^†	3,031^†	2,824^†	2,811^†	2,689^†
Exceptional items, gain / (loss)	—	—	-1,099^†	-902^†	-13,636^†	-779^†	-235^†	2,773^†	-1,704^†	-114^†	-3,366^†	-703^†
Profit before tax	0.5%	3.7%	21,353	18,719	9,172	21,022	41,479^†	17,795^†	6,611^†	16,227^†	6,638^†	5,357^†
Tax	—	—	5,288^†	4,749^†	4,795^†	5,527^†	10,468^†	4,189^†	-133^†	5,694^†	2,469^†	1,912^†
Net profit	1.2%	3.4%	16,065	13,970	4,807	15,495	31,011^†	13,607^†	6,744^†	10,533^†	4,170^†	3,445^†
EPS	-39.4%	-35.7%	12.87^†	11.20^†	3.52^†	57.70^†	254.77^†	116.92^†	57.11^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	23.2%^†	21.0%^†	23.8%^†	21.5%^†	39.4%^†	33.6%^†	24.6%^†	29.1%^†	26.1%^†	26.1%^†
EBIT margin	18.9%^†	17.3%^†	9.4%^†	19.2%^†	36.2%^†	32.7%^†	16.0%^†	27.0%^†	15.6%^†	15.1%^†
PBT margin	15.3%	14.1%	6.5%	16.3%	34.0%^†	27.4%^†	10.9%^†	23.0%^†	11.0%^†	10.1%^†
Net margin	11.5%	10.5%	3.4%	12.0%	25.4%^†	21.0%^†	11.2%^†	14.9%^†	6.9%^†	6.5%^†
Interest coverage	5.17x^†	5.42x^†	3.22x^†	6.54x^†	16.43x^†	6.24x^†	3.18x^†	6.75x^†	3.36x^†	2.99x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	0.52x	0.62x	—	—	—	—	—	—	—	—
Quick ratio	0.16x	0.20x	—	—	—	—	—	—	—	—
Debt to equity	0.51x	0.50x	—	—	—	—	—	—	—	—
Return on equity	11.9%	11.0%	—	—	—	—	—	—	—	—
Return on assets	5.9%	5.5%	—	—	—	—	—	—	—	—
Return on capital employed	12.7%^†	11.5%^†	—	—	—	—	—	—	—	—
Asset turnover	0.51x	0.52x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	31,961	-25,663	-6,497	8,814	23,147
March 31, 2025	23,880	-34,606	9,281	11,106	12,774
March 31, 2024	27,328	-15,558	-8,415	10,426	16,902
March 31, 2023	14,227	-11,061	-4,979	8,555	5,672
March 31, 2022	41,986	-34,168	-7,368	6,288	35,698

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	272,747	135,533	134,285	14,617	54,433	33,393	63,733	2,913	115,036	23,059
March 31, 2025	254,133	126,732	125,483	9,005	54,218	33,703	54,483	3,112	98,547	22,934
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.