Company Valuation: Tata Steel Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 973,418 1,596,681 1,277,223 1,946,183 1,925,584 1,896,248 - -
Change - 64.03% -20.01% 52.38% -1.06% -1.52% - -
Enterprise Value (EV) 1 1,648,206 2,108,061 1,994,212 2,746,195 2,773,118 2,681,588 2,625,297 2,604,434
Change - 27.9% -5.4% 37.71% 0.98% -3.3% -2.1% -0.79%
P/E ratio 12.7x 3.94x 14.6x -43.1x 56.3x 14.3x 11.2x 10.3x
PBR 1.28x 1.38x 1.24x 2.11x 2.11x 1.89x 1.7x 1.58x
PEG - 0x -0.2x 0x -0x 0x 0.4x 1.21x
Capitalization / Revenue 0.62x 0.65x 0.52x 0.85x 0.88x 0.81x 0.76x 0.75x
EV / Revenue 1.05x 0.86x 0.82x 1.2x 1.27x 1.14x 1.05x 1.03x
EV / EBITDA 5.4x 3.32x 6.17x 12.3x 11x 7.44x 6.41x 6.13x
EV / EBIT 7.75x 3.88x 8.68x 22.1x 18.6x 10.8x 9.03x 8.69x
EV / FCF 4.41x 6.23x 264x 131x 35.4x 22.8x 15.7x 14.9x
FCF Yield 22.7% 16.1% 0.38% 0.76% 2.83% 4.39% 6.36% 6.71%
Dividend per Share 2 2.5 5.1 3.6 3.6 3.6 3.639 4.283 3.953
Rate of return 3.08% 3.9% 3.44% 2.31% 2.33% 2.4% 2.82% 2.6%
EPS 2 6.378 33.21 7.17 -3.62 2.74 10.6 13.55 14.71
Distribution rate 39.2% 15.4% 50.2% -99.4% 131% 34.3% 31.6% 26.9%
Net sales 1 1,562,942 2,439,592 2,433,527 2,291,708 2,185,425 2,345,495 2,503,549 2,535,269
EBITDA 1 305,043 634,900 323,002 223,059 252,984 360,438 409,708 424,551
EBIT 1 212,706 543,891 229,650 124,237 148,771 248,587 290,579 299,627
Net income 1 74,902 401,539 87,604 -44,374 34,205 131,512 168,677 183,079
Net Debt 1 674,789 511,380 716,989 800,013 847,534 785,340 729,049 708,186
Reference price 2 81.20 130.70 104.50 155.90 154.25 151.90 151.90 151.90
Nbr of stocks (in thousands) 11,985,893 12,216,159 12,222,312 12,483,532 12,483,527 12,483,527 - -
Announcement Date 5/5/21 5/3/22 5/2/23 5/29/24 5/12/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13x1.01x7.66x1.77% 28.68B
7.48x0.47x4x1.85% 23.2B
8.29x0.56x4.79x5.86% 19.58B
12.92x1.15x8.44x1.59% 18.69B
13.75x0.46x4.81x3.81% 14.47B
34.98x4.45x19.49x0.37% 12.63B
17.1x4.65x11.71x0.07% 8.88B
9.38x - - - 8.77B
Average 14.61x 1.82x 8.70x 2.19% 16.86B
Weighted average by Cap. 13.53x 1.40x 7.80x 2.37%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield