TATA Steel Share Price Target for 2024, 2025, 2026, 2027, 2028

Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group, one of India’s largest conglomerates.

Tata Steel is the second largest steel producer in India (behind JSW Steel) and the eleventh largest steel producer in the world with an annual crude steel capacity of 34 million tonnes. The company has manufacturing operations in India, the United Kingdom, the Netherlands, Thailand, and Indonesia. Tata Steel employs approximately 78,500 people across five continents.

Tata Steel was founded in 1907 by Jamsetji Tata, with the support of the Indian government. The company’s first steel mill was built in Jamshedpur, Jharkhand, which is now Tata Steel’s largest manufacturing facility. Tata Steel has since expanded its operations through a series of acquisitions and mergers. In 2007, the company acquired Corus Group, Europe’s second largest steel producer, which made Tata Steel the fifth largest steel producer in the world at the time.

Tata Steel’s products include hot rolled coils, cold rolled coils, plates, pipes, tubes, and wires. The company also produces a range of value-added steel products, such as coated and galvanized steel, and high-strength steel. Tata Steel’s customers include the automotive, construction, engineering, and infrastructure sectors.

Tata Steel is committed to sustainability and has set ambitious targets for reducing its carbon footprint and increasing its use of recycled materials. The company is also investing in renewable energy sources, such as solar and wind power.

In addition to its steelmaking operations, Tata Steel also has a number of other businesses, including mining, trading, and power generation. The company is a major player in the Indian economy and is a key driver of the country’s infrastructure development.

TATA Steel Overview

Company Name Tata Steel Limited
Headquarters Mumbai, Maharashtra, India
Industry Steelmaking
Founded 1907
Founder Jamsetji Tata
Website https://www.tatasteel.com/
CEO T.K. Ramakrishnan
Employees Approximately 78,500
Production Capacity 34 million tonnes per year
Products Hot rolled coils, cold rolled coils, plates, pipes, tubes, wires, coated and galvanized steel, high-strength steel
Customers Automotive, construction, engineering, infrastructure sectors
Sustainability Initiatives Reducing carbon footprint, increasing use of recycled materials, investing in renewable energy
Other Businesses Mining, trading, power generation

TATA Steel Products

Category Products
Flat Products Hot rolled coils, Cold rolled coils, Plates
Long Products Pipes, Tubes, Wires
Specialty Products Coated and galvanized steel, High-strength steel

TATA Steel Awards and Recognition

Year Award Category Description
2023 India’s Most Admired Company Business Leadership and Entrepreneurial Excellence Awarded by FORTUNE and Hay Group
2023 Best Conscious Capitalist Award Sustainability Conferred by Forbes India
2021 100 Best Companies for Women in India Diversity and Inclusion Recognized by Working Mother and Avtar
2021 Supplier Engagement Leader India Sustainability Awarded by CDP
2021 Gold Employer LGBT+ Inclusion Awarded by India Workplace Equality Index (IWEI)
2021 Top Innovative Company (Large) Manufacturing Awarded by CII Industrial Innovation Awards
2021 Top 10 Sustainable Organisations of India Sustainability Featured by Hurun Research Institute, Capri Global Capital Hurun India Impact 50
2021 Best Sectoral Performance in Iron & Steel Corporate Performance Awarded by Dun & Bradstreet Corporate Awards
2020 Sustainability Champions Sustainability Awarded to Tata Steel India and Tata Steel Europe
2020 Silver Shield Financial Reporting Awarded by Institute of Chartered Accountants of India
2020 Best Company to Work For Employer Recognition Awarded by Business Today
2020 Top Employer for LGBT+ inclusion Diversity and Inclusion Awarded by India Workplace Equality Index (IWEI)
2020 India’s Most Valuable Metals & Mining Brand Brand Value Ranked by ‘India 100 2020’
2020 Excellence in Digital Communications and Excellence in Education and Training Innovation and Training Awarded by worldsteel’s Steelie Award

TATA Steel Fundamentals

Metric Value
Market Capitalization ₹1,71,548 Crore
Revenue ₹1,22,421 Crore
EBITDA Not Available
EPS Not Available
P/E Ratio 245.00
P/B Ratio 1.36
Dividend Yield 2.58 %
Debt/Equity Ratio 1.02
Book Value  102.48
Face Value 1
ROE 11.98%
Debt 38,179.01 Cr.

TATA Steel Revenue and Net Profit

Quarter Ending Revenue (Crore Rupees) Net Profit (Crore Rupees) Y-o-Y Revenue Change (%) Y-o-Y Net Profit Change (%)
Q2 FY24 (30/09/2023) 55,682 -6,511 -7.01% -142.63%
Q1 FY24 (30/06/2023) 59,489 -634 -6.21% -92.00%
Q4 FY23 (31/03/2023) 63,430 4,430 13.32% 49.98%
Q3 FY23 (31/12/2022) 60,570 2,952 23.08% 20.21%

TATA Steel Shareholding Patterns

Category Shareholding % Description
Promoters & Promoter Group 33.90% Tata Sons Private Limited (TSPL) holds 32.44% of Tata Steel Ltd. and is considered a promoter.
Foreign Institutional Investors (FIIs) 20.31% These are foreign institutions and funds that invest in Indian securities.
Domestic Institutional Investors (DIIs) 9.44% These include mutual funds, insurance companies, and banks that invest in Indian securities.
Public & Retail Investors 36.35% This category comprises individual investors and other non-institutional holders.

TATA Steel Share Price Target for 2024, 2025, 2026, 2027, 2028

Year High Estimate (₹)
2024 150
2025 170
2026 190
2027 210
2028 230

TATA Steel Share Price Target for 2024

TATA Steel Share Price Target for 2024 is 150.

TATA Steel Share Price Target for 2025

TATA Steel Share Price Target for 2025 is 170.

TATA Steel Share Price Target for 2026

TATA Steel Share Price Target for 2026 is 190.

TATA Steel Share Price Target for 2027

TATA Steel Share Price Target for 2027 is 210.

TATA Steel Share Price Target for 2028

TATA Steel Share Price Target for 2028 is 230.

TATA Steel Share Price Target-

TATA Steel Dividend History

Year Dividend per Share (₹) Dividend Yield (%) Ex-Date Announcement Date
2023 0.00 0.00% N/A N/A
2022 11.50 10.38% Jun 15, 2022 May 4, 2022
2021 11.50 11.71% Jun 17, 2021 May 5, 2021
2020 10.00 9.24% Aug 6, 2020 Jun 29, 2020
2019 11.00 10.98% Aug 6, 2019 Jun 28, 2019

TATA Steel Share Split History

Split Date Ratio Post-Split Shares per Pre-Split Share Reason for Split
July 28, 2022 10:1 10 Enhance liquidity and improve stock affordability
August 11, 2004 3:2 1.5 Improve trading activity and market reach
October 29, 2007 1:131.1 0.007624 Simplify capital structure following Corus acquisition
January 31, 2018 1:50.1 0.02 Enhance liquidity and improve stock affordability

Future Outlook of TATA Steel

Potential Positives:

  • Economic Recovery: Global economic recovery could lead to increased demand for steel, particularly in infrastructure projects. India’s own economic growth projections remain positive, further boosting domestic demand.
  • Focus on High-End Steels: TATA Steel’s increasing focus on high-end and value-added steel products could fetch higher margins and improve profitability.
  • Investments in Growth: Investments in technology, sustainability, and capacity expansion could enhance long-term competitiveness.
  • Government Support: The Indian government’s initiatives in infrastructure development and the “Make in India” campaign could benefit TATA Steel.

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Risks Associated With Investing in TATA Steel

Category Risk Description Impact
Financial Risks Debt burden TATA Steel carries a moderate debt-to-equity ratio, which can increase vulnerability to economic downturns or higher interest rates. Potential for financial distress, reduced dividends, and limitations on future investments.
Cyclical industry The steel industry is cyclical and prone to fluctuations in demand and prices based on global economic conditions. Volatile stock price, potential for losses during downturns.
Raw material costs TATA Steel relies heavily on imported iron ore and coking coal, making it vulnerable to price fluctuations in these commodities. Increased input costs, reduced profitability.
Currency volatility TATA Steel has operations and debt in various currencies, exposing it to potential losses due to currency fluctuations. Impact on profitability and financial stability.
Operational Risks Supply chain disruptions Disruptions in the supply chain of raw materials or finished goods can lead to production delays and higher costs. Reduced production, potential for revenue loss.
Environmental regulations Stringent environmental regulations and carbon emission targets could increase compliance costs and impact operations. Potential for fines, operational restrictions, and reputational damage.
Technological advancements The steel industry is constantly evolving, and failure to adapt to new technologies could lead to competitive disadvantages. Reduced market share, potential for profit decline.
Management Risks Executive turnover Sudden changes in leadership or management decisions may negatively impact the company’s strategy and performance. Uncertainty, potential for loss of confidence from investors.
Governance concerns Any lapses in corporate governance or ethical practices could damage the company’s reputation and shareholder value. Loss of investor trust, potential regulatory sanctions.
Market Risks Competition TATA Steel faces competition from other domestic and international steel producers. Pressure on margins, potential for market share loss.
Global economic slowdown A slowdown in the global economy could lead to decreased demand for steel and lower prices. Reduced revenue, potential for profitability decline.

TATA Steel Competitors

Category Indian Competitors International Competitors
Large Integrated Steel Producers JSW Steel Nippon Steel & Sumitomo Metal Corporation (NSSMC)
Jindal Steel & Power (JSPL) POSCO
SAIL (Steel Authority of India) ArcelorMittal
Specialty Steel Producers Mukand Ltd. Outokumpu
Tata Metaliks Ltd. Boasteel Group
Mini Steel Producers Shyam Metalics and Energy Ltd. Acerinox CNS
Vizag Steel Limited SSAB AB
Global Trading & Distribution Companies Noble Group Trafigura
Glencore Mitsubishi Corporation

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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