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Last 367.65 INR
Change Today -12.45 / -3.28%
Volume 7.1M
TATA On Other Exchanges
Symbol
Exchange
Natl India
OTC US
Frankfurt
As of 7:10 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

tata steel ltd (TATA) Snapshot

Open
381.00
Previous Close
380.10
Day High
384.50
Day Low
365.65
52 Week High
06/9/14 - 579.90
52 Week Low
03/27/15 - 311.20
Market Cap
357.1B
Average Volume 10 Days
7.2M
EPS TTM
27.76
Shares Outstanding
971.2M
EX-Date
07/14/14
P/E TM
13.2x
Dividend
10.00
Dividend Yield
2.72%
Current Stock Chart for TATA STEEL LTD (TATA)

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tata steel ltd (TATA) Details

Tata Steel Limited manufactures and sells steel and steel products in India and internationally. It operates through Steel, Ferro Alloys and Minerals, and Others segments. The company offers steel products to vehicle manufacturers and component suppliers, and aerospace sector; structural frames, infrastructure, building envelope, and internal fit out application products used for heating and ventilation, partition walls, etc.; and hot rolled coil products and high-gloss pre-finished steel perforated blanks primarily for use in domestic appliances, furniture and office equipment, racking and shelving, battery cases, bake-ware, and lighting applications. It also provides hot rolled and cold rolled sheets, wire rod and wire, sections, plates, bearings, and tubes for engineering companies; agricultural implements; wire products for farming and fencing applications; and engineering services. In addition, the company offers tinplate, ECCS, and Protact polymer-coated steel products for can making industry; formable steels for steel drums, and pails in the industrial packaging sector; strips and coils, quenched and tempered plates, and special profiles for track shoe and forklift masts, as well as engineered steel bars and tubes for lifting and excavating sector; welded pipeline packages and prefabricated structural products for wind, and oil and gas structures; light fabricated systems for solar farm foundations; and semi finished steel components for drilling and power generation. Further, it provides plates, bulb flats, angles, tubes, sections, and bars for shipbuilding; rail sections size, steel sleeper, noise reduction, other specialized track, and rail products for rail sector; and steel plate and sections, armored steel, blast protective structures, perimeter security, and anti-attack vehicle barriers, as well as engineering consultancy and solutions for defense and security sector. The company was founded in 1907 and is headquartered in Mumbai, India.

80,391 Employees
Last Reported Date: 05/31/14
Founded in 1907

tata steel ltd (TATA) Top Compensated Officers

Managing Director of India & South East Asia,...
Total Annual Compensation: 5.7M
Group Executive Director of Finance & Corpora...
Total Annual Compensation: 9.8M
Compensation as of Fiscal Year 2014.

tata steel ltd (TATA) Key Developments

Vedanta Reportedly Looking To Acquire Minority Stake In Electrosteel

Vedanta Limited (BSE:500295) is reportedly looking at acquiring a minority stake in Electrosteel Steels Limited (NSEI:ESL), sources said. Electrosteel has been under corporate debt restructuring scheme since 2013 with a debt of more than INR 60 billion. “There have been initial talks in this matter between Vedanta and Electorsteel, however nothing is finalised yet,” a person privy to the matter said. According to Business Stndard, a Vedanta spokesperson said, “We are a London-listed company. We have our own limitations and we cannot comment on this now.” A source in Electrosteel also confirmed that discussions were underway for a deal with Vedanta. “A round of discussions on this matter has already happened. Recently, the promoters group infused some money into the company and the rest is likely to be raised by the minority stake sale which will help to pare the debt,” he said. While a spokesperson for Electrosteel could not be reached despite repeated attempts, the company in a recent regulatory filing has denied any discussion for sale of the company. The stock exchanges had sought clarifications from Electrosteel Steels following media reports that Tata Steel Limited (NSEI: TATASTEEL) and Vedanta were looking to buy the company due to its debt burden. In its reply to the stock exchanges, Electrosteel had denied “any action/discussion as contemplated in the media report with regard to sale of the company”. According to Business Standard, when contacted, a Tata Steel spokesperson refused to comment.

Tata Steel Clarifies On Electrosteel Steel Buy

Tata Steel Limited (BSE:500470) has clarified on the news, "Vedanta Limited (BSE:500295) looking to buy Electrosteel Steels Limited (NSEI:ESL)." Tata Steel clarifies to the Exchange, "While Tata Steel as part of its business strategy regularly evaluates strategic opportunities across various segments of its operations in different geographies, in the instant matter, we would like to clarify that currently there is nothing to disclose under the obligations of Clause 36 of the Listing Agreement on the current media speculation. The Board and Management of Tata Steel is committed to making disclosures at the appropriate time so as to eliminate any asymmetry of information.

Tata Steel, Vedanta Reportedly To Buy Electrosteel

Sources say that both Tata Steel Limited (BSE:500470) and Vedanta Limited (BSE:500295) are in talks with lenders to buy Electrosteel Steels Limited (NSEI:ESL). The Exchange has sought clarification from Tata Steel with respect to news report appearing on ET NOW on April 21, 2015 that Tata Steel and Vedanta are looking to buy Electrosteel Steel. Electrosteel Steel management is looking to sell off company due to debt burden of INR 60 billion.

 

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TATA Competitors

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Company Last Change
JSW Steel Ltd 930.50 INR -42.70
Kingspan Group PLC €18.25 EUR -0.06
MMTC Ltd 47.35 INR -2.20
Steel Dynamics Inc $21.69 USD -0.32
Vedanta Ltd 220.15 INR -6.55
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Industry Analysis

TATA

Industry Average

Valuation TATA Industry Range
Price/Earnings 13.9x
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful
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