Last 457.15 INR
Change Today 0.00 / 0.00%
Volume 0.0
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As of 7:06 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

tata steel ltd (TATA) Snapshot

Open
461.00
Previous Close
457.15
Day High
462.85
Day Low
454.30
52 Week High
06/9/14 - 579.90
52 Week Low
10/29/13 - 308.70
Market Cap
444.0B
Average Volume 10 Days
6.3M
EPS TTM
27.85
Shares Outstanding
971.2M
EX-Date
07/14/14
P/E TM
16.4x
Dividend
10.00
Dividend Yield
2.19%
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

Tata Steel Announces Agreements to Refinance its International Debt Portfolio of $5.4 Billion

Tata Steel Ltd. announced that it had executed agreements to refinance its international debt portfolio of $5.4 billion, as it seeks to reduce interest costs on loans taken to finance the 2007 acquisition of Corus Group Plc. One of its units, Tata Steel UK Holdings Ltd, refinanced its bank debt through a term loan and revolving credit facilities of €3.05 billion. The new financing structure consists of a five-year loan of €370 million, a six-year revolving credit facility for working capital of £700 million and a seven-year loan of €1.8 billion, with more favorable terms and pricing relative to the earlier debt. A second unit, Tata Steel Global Holdings Pte Ltd, accessed loan facilities of $1.5 billion comprising a five-year loan of $700 million and a seven-year loan of $800 million. The proceeds of this loan will be used to repay term debts, converting working capital loans into term loans and fund investment needs of the Tata Steel group outside India. Tata Steel is seeking to cut the cost of servicing debt it acquired for the $12.9 billion acquisition of Corus Group by taking advantage of a drop in borrowing costs as investor sentiment around India improves. The five-year loan and revolving credit facilities for Tata Steel UK as well as the loan facilities for Tata Steel Global have been contracted as part of a joint $3.1 billion mandate to 18 lead arrangers. These arrangers include Australia and New Zealand Banking Group, Bank of America Merrill Lynch, Mitsubishi UFJ Financial Group, BNP Paribas SA, Citibank NA, Credit Agricole SA, Deutsche Bank AG, HSBC Holdings Plc., Standard Chartered Plc. and Axis Bank Ltd. The seven-year loan of €1.8 billion for Tata Steel UK has been contracted with a set of seven mandated lead arrangers: State Bank of India (SBI), ICICI Bank Ltd, Bank of Baroda, Bank of India, Exim Bank, Syndicate Bank and SBI (Mauritius).

Bhushan Denies Sales Rumor

Bhushan Steel Limited (BSE:500055) denied a report by ET Now television channel that lenders to the steel maker have initiated the process of selling the assets of the troubled company. Tata Steel Limited (BSE:500470) and JSW Steel Ltd. (BSE:500228) are in talks with Bhushan’s lenders to buy the company, the report said, citing unidentified people. Tata Steel denied that it was in discussions with Bhushan. “We have neither been approached nor are we in discussions,” said a spokesperson of Tata Steel. Bhushan Steel said that it has not defaulted on payments to lenders and the question of selling assets does not arise. “The news is completely false and baseless,” a Bhushan Steel statement said. Hence, the question of lenders looking at selling it does not arise in this situation.” Shares of Bhushan Steel rose 3.53% to INR 111.35 on Bombay Stock Exchange.

Tata Steel Announces Production Results for the Second Quarter and First Half of Fiscal Year 2015

Tata Steel announced production results for the second quarter and first half of fiscal year 2015. For the quarter, the company registered Hot Metal production of 2.582 million tonnes in second quarter, up by 5% year-over-year from 2.464 million tons for the second quarter of 2014. Crude steel production was 2.269 million tonnes in the second quarter of 2015 against 2.290 million tones for the same period a year ago. Saleable Steel production increased by 0.3% year-over-year in the second quarter of 2015 to 2.213 million tones from 2.206 million tones for the same period a year ago. Deliveries were 2.11 million tonnes in the second quarter of 2015, up by 4% year-over-year, compared with 2.038 million tones for the same period a year ago. For the first half, the company registered hot metal production of 5.11 million tonnes in first half, up by 4% year-over-year, compared with 4.929 million tones for the same period a year ago. Crude steel production was 4.60 million tonnes in first half, up by 2% year-over-year, compared with 4.513 million tones for the same period a year ago. Steel production increased by 3% year-over-year in the first of 2015, to 4.46 million tons from 4.351 million tones for the same period a year ago. Deliveries were 4.21 million tonnes in the first half, up by 4% year-over-year, compared with 4.043 million tones for the same period a year ago.

 

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TATA

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Valuation TATA Industry Range
Price/Earnings 17.1x
Price/Sales 0.3x
Price/Book 1.1x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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