TATA STEEL LIMITED

BSE: TATASTEEL500470ISIN INE081A01020

Commodities
Iron & Steel
BSE SENSEX

BSE listing

Share price

₹184.75-3.25 (-1.73%)

as of 18 Sep 2026

52W high: ₹224.40
52W low: ₹160.00
Off 52W high: -17.67%
1M return: +0.41%
3M return: -7.11%
6M return: -6.08%
1Y return: +7.41%
20D avg volume: 14,56,953
50 DMA: ₹186.12
200 DMA: ₹192.90

Key ratios Consolidated

Market cap: ₹2,30,632 Cr
Current price: ₹184.75
52W high / low: ₹224.40 / ₹160.00
Face value: ₹1.00
P/E: 20.48
P/B: —
EPS (TTM): ₹9.02
Book value / share: —
ROE: —
ROCE: 11.10%
Operating margin: —
Net margin: —
Debt / equity: 0.89
Net debt: ₹83,497 Cr
Interest cover: 3.18
Dividend yield: 2.17%
Dividend / share (TTM): ₹4.00
Payout: 44.35%
Cash conversion cycle: 27.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	60,794	63,270	57,002	58,689	53,178	56,218	53,648	53,905	54,771	58,687	55,312	55,682
	232.68	248.47	501.09	363.55	288.67	461.00	221.03	598.59	259.91	175.91	227.89	228.23
	56,940	58,502	53,599	54,461	50,347	54,168	52,118	52,332	52,389	56,497	53,351	55,853
	20,186	19,665	18,917	17,859	18,028	16,847	19,404	20,187	20,642	20,678	19,115	20,473
	5,182	4,553	4,070	5,588	3,948	5,139	4,025	4,503	4,351	3,595	3,011	4,674
	7,226	6,698	6,353	6,349	6,599	6,023	6,072	6,327	6,467	6,141	6,527	5,917
	1,771	1,792	1,747	1,775	1,852	1,789	1,804	1,971	1,777	1,842	1,881	1,959
	3,640	3,268	3,049	2,893	2,744	2,720	2,569	2,597	2,535	2,568	2,422	2,480
	21,350	20,572	20,008	19,018	18,573	18,932	17,742	17,494	19,187	19,855	20,075	19,594
	4,087	5,016	3,905	4,592	3,119	2,512	1,751	2,172	2,642	2,366	2,189	56.81
	-345.48	-340.05	-139.88	-420.41	-132.12	-388.61	-126.19	18.09	-357.93	-594.47	-334.13	-6,899
	3,741	4,676	3,765	4,172	2,987	2,123	1,625	2,190	2,284	1,772	1,855	-6,842
	1,452	1,845	1,138	1,039	1,060	998.81	1,377	1,405	1,458	1,254	1,406	228.03
	2,385	2,965	2,730	3,183	2,007	1,201	295.49	758.84	918.57	554.56	522.14	-6,511
	1.86	2.34	2.16	2.49	1.67	1.04	0.26	0.67	0.77	0.49	0.42	-5.08
Key metrics
	9,152	9,737	8,561	8,840	7,584	6,632	5,998	6,758	6,596	6,182	6,157	-2,403
	15.10%	15.40%	15.00%	15.10%	14.30%	11.80%	11.20%	12.50%	12.00%	10.50%	11.10%	-4.30%
	3.90%	4.70%	4.80%	5.40%	3.80%	2.10%	0.60%	1.40%	1.70%	0.90%	0.90%	-11.70%
	—	3.20%	—	3.00%	—	2.00%	—	—	—	—	—	—
	14.30%	12.50%	6.30%	8.90%	-2.90%	-4.20%	-3.00%	-3.20%	—	—	—	—
	18.80%	146.90%	824.00%	319.50%	118.50%	116.50%	-43.40%	111.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,39,756	2,32,140	2,18,543	2,29,171	2,43,353	2,43,959	1,56,294	1,39,817	1,57,669	1,33,016
	1,346	1,402	1,541	1,809	1,037	784.89	895.60	1,843	1,421	909.45
	2,23,502	2,16,909	2,11,006	2,24,255	2,26,686	1,95,032	1,42,630	1,38,328	1,43,288	1,22,589
	76,627	74,469	77,080	82,534	1,01,483	75,764	46,188	53,244	54,309	—
	19,393	18,159	18,018	14,973	15,114	15,313	9,235	4,796	6,568	—
	26,626	25,999	24,889	24,510	22,419	23,264	19,909	18,534	18,759	17,606
	7,085	7,167	7,341	7,508	6,299	5,462	7,607	7,533	7,660	5,502
	12,850	11,955	10,421	9,882	9,335	9,101	9,234	8,441	7,342	—
	80,947	78,171	73,354	80,440	75,395	73,726	48,941	46,345	48,746	40,039
	17,600	16,633	9,077	6,725	17,704	49,712	14,560	3,332	15,802	11,337
	-1,246	-1,032	-854.64	-7,814	113.26	-134.06	-1,043	-3,752	-120.97	9,599
	16,354	15,600	8,222	-1,089	17,817	49,578	13,516	-419.69	15,681	20,936
	5,475	5,083	5,239	3,763	10,160	8,478	5,654	2,568	6,718	3,405
	11,264	10,886	3,174	-4,910	8,075	41,749	8,190	1,172	9,098	17,758
	8.85	8.65	2.74	-3.62	7.17	332.35	63.78	22.02	88.32	—
Key metrics
	36,289	34,722	25,984	16,301	33,451	64,141	30,357	15,554	30,683	26,437
	15.14%	15.00%	11.90%	7.10%	13.70%	26.30%	19.40%	11.10%	19.50%	19.90%
	4.70%	4.70%	1.50%	-2.10%	3.30%	17.10%	5.20%	0.80%	5.80%	13.30%
	—	11.10%	8.10%	—	—	—	—	—	—	—
	—	6.20%	-4.60%	-5.80%	-0.20%	56.10%	11.80%	-11.30%	18.50%	—
	—	243.00%	164.60%	-160.80%	-80.70%	409.80%	598.50%	-87.10%	-48.80%	—
	—	20,505	7,841	—	—	—	—	—	—	—
	—	3.22	7.41	—	—	—	—	—	—	—
	—	0.89	1.04	—	—	—	—	—	—	—
	—	83,497	85,196	—	—	—	—	—	—	—
	—	27.3	34.3	—	—	—	—	—	—	—
Balance sheet
	—	3,01,254	2,79,395	—	—	—	—	—	—	—
	—	72,265	68,392	—	—	—	—	—	—	—
	—	8,885	9,605	—	—	—	—	—	—	—
	—	4,917	5,260	—	—	—	—	—	—	—
	—	47,249	44,590	—	—	—	—	—	—	—
	—	5,600	4,541	—	—	—	—	—	—	—
	—	1,59,951	1,33,303	—	—	—	—	—	—	—
	—	34,810	29,314	—	—	—	—	—	—	—
	—	96,918	86,094	—	—	—	—	—	—	—
	—	92,382	94,801	—	—	—	—	—	—	—
	—	22,395	21,417	—	—	—	—	—	—	—
	—	69,987	73,385	—	—	—	—	—	—	—
	—	1,03,780	91,353	—	—	—	—	—	—	—
Cash flow
	—	35,064	23,512	—	—	—	—	—	—	—
	—	-14,905	-14,173	—	—	—	—	—	—	—
	—	-21,387	-7,002	—	—	—	—	—	—	—
	—	14,559	15,671	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	36,897	38,448	35,578	34,680	31,014	34,399	32,760	32,399	32,960	36,635	34,682	33,223
	491.35	220.81	779.69	610.13	555.07	564.99	456.02	851.46	372.38	481.06	328.59	849.83
	31,276	32,191	30,964	29,487	26,793	30,138	27,896	28,479	28,633	31,058	28,998	29,023
	12,977	13,146	12,235	11,764	10,833	10,589	11,786	11,270	10,442	11,725	11,171	11,530
	1,867	1,423	1,468	1,197	988.33	2,285	2,142	2,537	2,861	2,288	2,281	2,532
	2,025	1,901	1,863	1,996	1,996	1,975	1,956	1,940	2,125	1,957	1,867	1,775
	1,357	1,318	1,290	1,237	1,271	1,101	1,080	1,133	924.76	941.65	1,058	1,124
	2,205	1,897	1,826	1,718	1,627	1,618	1,556	1,556	1,522	1,528	1,508	1,426
	12,829	12,511	12,349	11,015	10,928	11,590	9,596	9,935	11,299	11,431	12,036	10,095
	6,112	6,478	5,394	5,803	4,777	4,826	5,321	4,772	4,699	6,058	6,013	5,050
	-291.50	-132.05	-348.22	-399.51	-219.08	-533.04	-146.25	13.82	-236.57	-641.72	10.05	-12,993
	5,821	6,346	5,046	5,403	4,558	4,293	5,175	4,786	4,463	5,416	6,023	-7,942
	1,285	1,686	1,224	1,343	1,035	1,124	1,296	1,195	1,134	1,366	1,370	588.22
	4,536	4,660	3,822	4,060	3,523	3,169	3,879	3,591	3,329	4,050	4,653	-8,531
	3.63	3.74	3.06	3.25	2.82	2.54	3.11	2.88	2.67	3.24	3.73	-6.94
Key metrics
	9,383	9,562	8,163	8,359	7,455	7,011	7,810	7,475	6,909	7,886	8,588	-5,392
	25.40%	24.90%	22.90%	24.10%	24.00%	20.40%	23.80%	23.10%	21.00%	21.50%	24.80%	-16.20%
	12.30%	12.10%	10.70%	11.70%	11.40%	9.20%	11.80%	11.10%	10.10%	11.10%	13.40%	-25.70%
	—	3.70%	—	3.20%	—	2.70%	—	—	—	—	—	—
	19.00%	11.80%	8.60%	7.00%	-5.90%	-6.10%	-5.50%	-2.50%	—	—	—	—
	28.70%	47.00%	-1.50%	13.10%	5.80%	-21.80%	-16.60%	142.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	1,45,602	1,39,720	1,32,517	1,40,987	1,29,007	1,29,021	64,869	60,436	70,611	60,519
	2,102	2,166	2,247	3,123	3,325	1,452	637.89	404.12	2,405	763.66
	1,23,917	1,19,434	1,15,143	1,21,303	1,10,531	86,147	50,485	52,526	56,675	51,278
	50,122	47,979	44,089	48,018	54,012	35,257	13,869	17,407	19,840	—
	5,955	5,076	9,826	9,702	7,467	4,089	1,146	1,563	1,808	647.21
	7,784	7,756	8,010	7,402	6,616	6,366	5,199	5,037	5,131	4,829
	5,203	5,117	4,238	4,179	3,792	2,792	3,394	3,031	2,824	2,811
	7,647	7,069	6,253	5,970	5,435	5,464	3,987	3,920	3,803	3,727
	48,704	46,803	42,396	45,661	34,352	34,001	21,426	22,132	23,823	20,483
	23,787	22,452	19,621	22,808	21,801	44,326	15,022	8,315	16,341	10,005
	-1,171	-1,099	-902.04	-13,636	-778.78	-235.45	2,773	-1,704	-114.23	-3,366
	22,616	21,353	18,719	9,172	21,022	44,091	17,795	6,611	16,227	6,638
	5,538	5,288	4,749	4,365	5,527	11,079	4,189	132.82	5,694	2,469
	17,077	16,065	13,970	4,807	15,495	33,011	13,607	6,744	10,533	4,170
	13.68	12.87	11.19	3.85	12.68	270.33	117.04	57.11	90.41	—
Key metrics
	35,466	33,539	29,210	19,321	30,249	52,346	25,176	13,562	22,854	13,176
	24.36%	24.00%	22.00%	13.70%	23.40%	40.60%	38.80%	22.40%	32.40%	21.80%
	11.73%	11.50%	10.50%	3.40%	12.00%	25.60%	21.00%	11.20%	14.90%	6.90%
	—	12.70%	11.50%	—	—	—	—	—	—	—
	—	5.40%	-6.00%	9.30%	0.00%	98.90%	7.30%	-14.40%	16.70%	—
	—	15.00%	190.60%	-69.00%	-53.10%	142.60%	101.80%	-36.00%	152.60%	—
	—	23,147	12,774	—	—	—	—	—	—	—
	—	1.99	1.71	—	—	—	—	—	—	—
	—	0.51	0.50	—	—	—	—	—	—	—
	—	66,136	60,111	—	—	—	—	—	—	—
	—	-1.1	10.8	—	—	—	—	—	—	—
Balance sheet
	—	2,72,747	2,54,133	—	—	—	—	—	—	—
	—	33,393	33,703	—	—	—	—	—	—	—
	—	2,913	3,112	—	—	—	—	—	—	—
	—	1,632	1,566	—	—	—	—	—	—	—
	—	23,059	22,934	—	—	—	—	—	—	—
	—	4,183	3,631	—	—	—	—	—	—	—
	—	1,15,036	98,547	—	—	—	—	—	—	—
	—	25,111	20,601	—	—	—	—	—	—	—
	—	63,733	54,483	—	—	—	—	—	—	—
	—	69,049	63,223	—	—	—	—	—	—	—
	—	14,617	9,005	—	—	—	—	—	—	—
	—	54,433	54,218	—	—	—	—	—	—	—
	—	1,35,533	1,26,732	—	—	—	—	—	—	—
Cash flow
	—	31,961	23,880	—	—	—	—	—	—	—
	—	-25,663	-34,606	—	—	—	—	—	—	—
	—	-6,497	9,281	—	—	—	—	—	—	—
	—	8,814	11,106	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +2.69%
Sales CAGR 5Y: +16.59%
Sales CAGR 10Y: —
Profit CAGR 3Y: +1.21%
Profit CAGR 5Y: +3.38%
Profit CAGR 10Y: —
Sales YoY (TTM): +11.51%
Profit YoY (TTM): +20.59%

Consolidated

Sales CAGR 3Y: -1.56%
Sales CAGR 5Y: +8.23%
Sales CAGR 10Y: —
Profit CAGR 3Y: +10.47%
Profit CAGR 5Y: +5.86%
Profit CAGR 10Y: —
Sales YoY (TTM): +10.51%
Profit YoY (TTM): +164.25%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 32.94%

Holder	Type	Holding	Previous	Change
Tata Sons Private Limited	Promoter	31.76%	—	—
Life Insurance Corporation Of India	Public	6.37%	—	—
Sbi Nifty 50 Etf	Public	3.98%	—	—
Icici Prudential Value Fund	Public	2.31%	—	—
Hdfc Trustee Company Limited -Hdfc Flexi Cap Fund	Public	2.12%	—	—
Nps Trust- A/C Lic Pension Fund Scheme - State Govt	Public	1.89%	—	—
Uti Nifty 50 Etf	Public	1.46%	—	—
Tata Motors Passenger Vehicles Limited (formerly known as Tata Motors Limited)	Promoter Group	0.44%	—	—
Tata Investment Corporation Ltd	Promoter Group	0.34%	—	—
Ewart Investments Limited	Promoter Group	0.18%	—	—
Rujuvalika Investments Limited	Promoter Group	0.09%	—	—
Tata Industries Limited	Promoter Group	0.08%	—	—
Tata Capital Limited	Promoter Group	0.05%	—	—
Tata Consultancy Services Limited	Promoter Group	0.00%	—	—
World-One (Sri Lanka) Projects Pte. Limited	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Disclosure under Regulations 30 read with 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201518 Sep 2026 · Company Update / General
Disclosure under Regulations and 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201518 Sep 2026 · Company Update / General
Intimation of Schedule of Analyst / Institutional Investor Meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended17 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor Meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended17 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor Meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended17 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor Meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended15 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor Meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.4 Sep 2026 · Company Update / Analyst / Investor Meet
Divestment of entire stake held in Jamshedpur Football and Sporting Private Limited, wholly owned subsidiary31 Aug 2026 · Company Update / Diversification / Disinvestment
Acquisition of equity stake in T Steel Holdings Pte. Ltd27 Aug 2026 · Company Update / Acquisition
Changes in Senior Management Personnel of Tata Steel Limited27 Aug 2026 · Company Update / Change in Management
Intimation of Schedule of Analyst/ Institutional Investor Meeting27 Aug 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 read with Regulation 51 of SEBI Listing Regulations, 201526 Aug 2026 · Company Update / General
Disclosure under Regulations 30 and 51 of SEBI Listing Regulations, 201526 Aug 2026 · Company Update / General
Disclosure under Regulation 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201525 Aug 2026 · Company Update / General
Acquisition of equity stake in TM International Logistics Limited20 Aug 2026 · Company Update / Acquisition
Newspaper Advertisement - Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201520 Aug 2026 · Company Update / Newspaper Publication
Newspaper Advertisement - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201514 Aug 2026 · Company Update / Newspaper Publication
Divestment of entire stake held in Jamshedpur Football and Sporting Private Limited, wholly owned subsidiary.14 Aug 2026 · Company Update / Diversification / Disinvestment
Tata Steel transfers ownership of Jamshedpur Football and Sporting Private Limited to Churchill Brothers FC14 Aug 2026 · Company Update / Press Release / Media Release
Divestment of entire stake held in Jamshedpur Football and Sporting Private Limited, wholly owned subsidiary14 Aug 2026 · Others / Outcome without intimation
Intimation of schedule of Analyst/ Institutional Investor Meeting13 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement - Notice of hearing of Company Scheme Petition11 Aug 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Analyst / Institutional Investor Meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended7 Aug 2026 · Company Update / Analyst / Investor Meet
Transcript of ''Tata Steel 1QFY2027 Earnings Discussion''6 Aug 2026 · Company Update / Earnings Call Transcript
Newspaper Advertisement - Disclosure under Regulation 30 of SEBI Listing Regulations1 Aug 2026 · Company Update / Newspaper Publication
Audio-Video recording of 'Tata Steel 1QFY2027 Earnings Discussion'31 Jul 2026 · Company Update / Analyst / Investor Meet
Investor Presentation - Q1FY202730 Jul 2026 · Company Update / Investor Presentation
Results Press Release - Q1FY202730 Jul 2026 · Company Update / Press Release / Media Release
Board approved the core project of steelmaking capacity expansion by 4.8 MTPA in NINL, wholly owned subsidiary, at an estimated capex of Rs. 33,873 crore.30 Jul 2026 · Company Update / General
Outcome of Board Meeting30 Jul 2026 · Result / Financial Results
Outcome of Board Meeting30 Jul 2026 · Board Meeting / Outcome of Board Meeting
Newspaper Advertisement - Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201530 Jul 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Analyst/ Institutional Investor Meeting under the SEBI Listing Regulations28 Jul 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI Listing Regulations24 Jul 2026 · Company Update / General
Tata Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve audited Standalone and unaudited ....17 Jul 2026 · Board Meeting / Board Meeting
Disclosure under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201510 Jul 2026 · Company Update / General
Press Release titled ''Tata Steel: 1QFY2027 Production and Delivery Volumes (Provisional)''8 Jul 2026 · Company Update / Press Release / Media Release
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 20267 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Summary of proceedings and voting results of the 119th AGM of Tata Steel Limited2 Jul 2026 · Company Update / Meeting Updates
Summary of proceedings and voting results of AGM2 Jul 2026 · AGM/EGM / AGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 4.0000	12 Jun 2026	12 Jun 2026	—
Final Dividend - Rs. - 3.6000	6 Jun 2025	6 Jun 2025	—

Board meetings

30 Jul 2026 Board Meeting - Financial Results