During the huge fluctuations in the stock market, on Wednesday, certain shares of Tata Group rose like rockets.
Tata Steel shares (NSE: TATASTEEL)rose more than 2 percent on the third trading day this week. Tata Steel shares reached Rs 146 in trading.
The share price closed at Rs 143.85. This represents a 1.99% gain. On February 7, the shares of this company reached Rs 147.35.
In March 2023, the share price dropped to Rs 101.65. These are the 52-week high and low prices of the shares.
Shares Are Rising Because Of Several Reasons
The NCLT’s decision has led to a rise in stock prices. Tata Steel has approved NCLT’s decision to withdraw from the merger with TRF Limited.
Tata Steel announced on February 7 that the board had decided to not proceed with the integration of TRF Ltd due to the improvement in the business performance of the subsidiary.
Tata Steel stated
We would like to inform you that the National Company Law Tribunal (NCLT), Mumbai Bench has granted permission to withdraw this plan through its order of February 8, 2024.
We would like to inform you that Tata Steel announced earlier the integration of nine of its strategic businesses,
including Tata Metallics TRF, Tata Steel Long Products (TSP), Tinplate Company of India (TCI), The Indian Steel and Wire Products TRF, Tata Steel Mining Limited S&T Mining Company, or Will merge.
What Is The Target Price?
A renowned brokerage house recently set the target price of Tata Steel. This share’s price was expected to reach Rs 150. Tata Steel stock has remained at this level for quite some time.
About Tata Steel Ltd
Tata Steel Limited is an Indian-based steel manufacturer that has an annual capacity for crude steel of around 35 million tons annually.
The company is mostly involved in the production and distribution of steel-related products around the world.
Its Company and its affiliates have a presence throughout the process chain of manufacturing steel beginning with the mining of and processing coal and iron ore to distributing and producing finished products.
Fundamental Analysis of Tata Steel Ltd
| Market Cap | ₹ 1,78,203 Cr. |
| Current Price | ₹ 144 |
| 52-wk High | ₹ 147 |
| 52-wk Low | ₹ 102 |
| Stock P/E | 92.1 |
| Book Value | ₹ 72.5 |
| Dividend | 2.50 % |
| ROCE | 12.6 % |
| ROE | 7.28 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.98 |
| OPM | 9.70 % |
| EPS | ₹ -2.74 |
| Debt | ₹ 89,723 Cr. |
| Debt to Equity | 1.01 |
Tata Steel Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹145 | ₹215 |
| 2025 | ₹216 | ₹305 |
| 2026 | ₹314 | ₹355 |
| 2027 | ₹385 | ₹422 |
| 2028 | ₹450 | ₹519 |
| 2029 | ₹550 | ₹612 |
| 2030 | ₹650 | ₹722 |
Tata Steel Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 33.90% |
| June 2023 | 33.90% |
| Sept 2023 | 33.90% |
| Dec 2023 | 33.70% |
| Feb 2024 | 33.19% |
| FII Holding | |
| Mar 2023 | 20.62% |
| June 2023 | 20.28% |
| Sept 2023 | 20.31% |
| Dec 2023 | 20.01% |
| Feb 2024 | 19.37% |
| DII Holding | |
| Mar 2023 | 20.68% |
| June 2023 | 20.96% |
| Sept 2023 | 22.20% |
| Dec 2023 | 23.15% |
| Feb 2024 | 23.07% |
| Govt. Holding | |
| Mar 2023 | 0.16% |
| June 2023 | 0.16% |
| Sept 2023 | 0.16% |
| Dec 2023 | 0.16% |
| Feb 2024 | 0.16% |
| Public Holding | |
| Mar 2023 | 24.63% |
| June 2023 | 24.70% |
| Sept 2023 | 23.43% |
| Dec 2023 | 22.99% |
| Feb 2024 | 24.21% |
Tata Steel Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 157,669 Cr |
| 2020 | ₹ 139,817 Cr |
| 2021 | ₹ 156,294 Cr |
| 2022 | ₹ 243,959 Cr |
| 2023 | ₹ 233,445 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 9,122 Cr |
| 2020 | ₹ 1,174 Cr |
| 2021 | ₹ 8,190 Cr |
| 2022 | ₹ 41,749 Cr |
| 2023 | ₹ -3,898 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.37 |
| 2020 | 1.59 |
| 2021 | 1.1 |
| 2022 | 0.6 |
| 2023 | 0.76 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | 3% |
| 3 Years: | 146% |
| Current Year: | -89% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 15% |
| 3 Years: | 20% |
| Last Year: | 7% |
Last 10 Years’ Sales Growth:
| 10 Years: | 6% |
| 5 Years: | 15% |
| 3 Years: | 20% |
| Current Year: | -7% |
Company’s Positive Signs:
- The Company has been able to maintain an enviable dividend payout of 35.2 percent.
Company’s Negative Signs:
- The company’s promoter hold has decreased over the past trimester by -0.45%.
Conclusion
This article is a complete guide about Tata Steel Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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