MarketFriction

Tata Metaliks Ltd(Merged)

NSE TATAMETALI · Pig Iron
₹1,110.55 +1.84%
NSE close2024-02-05
Market cap₹3,507 Cr.
P/E30.8
Merged or delisted Delivery 43.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales526661603645690808666877790926650755
Expenses400518450545622751642836751833615665
Operating Profit1261431531006857244139933590
OPM %24%22%25%15%10%7%3.6%4.7%4.9%10%5%12%
Other Income2333338352433
Interest466667771091110
Depreciation151616161515181919222122
Profit before tax1091241358150732201267662
Tax %31%39%30%32%29%28%29%29%23%17%26%28%
Net Profit757595553652114956544
EPS in Rs23.7923.7329.9717.2811.2816.600.394.523.0017.581.4413.97
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8641,1611,0981,3901,4101,8952,1552,0511,9172,7463,2603,121
Expenses8761,0679441,1731,1841,6171,8491,7651,5272,3663,0612,864
Operating Profit-1294154217226277306285390379198257
OPM %-1.4%8%14%16%16%15%14%14%20%14%6%8%
Other Income-6-20-011208168471413
Interest202734473948443525263440
Depreciation161613333649586567627784
Profit before tax-5532107138152200212201306339101147
Tax %0%-21%22%19%23%21%14%18%28%30%20%
Net Profit-55398411211615918216622023781114
EPS in Rs-21.5615.2633.0744.3845.8762.9264.7359.0669.5675.1425.4935.99
Dividend Payout %0%0%0%5%5%5%5%4%6%11%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%11%17%3%
Compounded Profit Growth15%-13%-21%39%
Stock Price CAGR11%1%5%%
Return on Equity%16%13%5%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital252525252525282832323232
Reserves-58-2063741823337398911,2681,4941,5481,580
Borrowings45534531441054047542302160148145142
Other Liabilities310332302350319291573473402676781734
Total Liabilities7326837048591,0661,1251,3821,6951,8622,3492,5062,487
Fixed Assets1522262003535905866306687931,0051,1821,247
CWIP114308834243198134233164190
Investments9913413400100100601000
Other Assets3673203704194425057219189361,0511,0601,051
Total Assets7326837048591,0661,1251,3821,6951,8622,3492,5062,487
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity-271541827991771963757028147092
Cash from Investing Activity-72-100-15-21-79-125-70-87-146-279-3815
Cash from Financing Activity170-125-152-72-1349-125-262156-70-56-68
Net Cash Flow70-7016-15-1012580-683328
Free Cash Flow-72482025811-49135277-69137190-72
CFO/OP25%-1,137%196%66%53%49%87%138%38%86%140%59%
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days145148724549414750472834
Inventory Days468735366889678611715410294
Days Payable2512710612614295661321181029688
Cash Conversion Cycle3512-24-18-284341248993440
Working Capital Days-96-112-81-36-56-69-141510893823
ROCE %-18%-4%21%38%41%30%31%31%23%25%21%8%
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters60.03%60.03%60.03%60.03%60.03%60.03%60.03%60.03%60.03%60.03%60.03%60.03%
FIIs0.95%1.94%1.12%1.02%0.92%0.91%1.49%1.45%4.19%3.53%3.44%3.83%
DIIs13.21%11.57%10.48%10.51%9.45%8.96%8.81%8.63%6.81%6.72%6.75%6.37%
Government0.79%0.79%0.79%0.79%0.79%0.79%0.79%0.79%0.79%0.79%0.79%0.79%
Public25.02%25.67%27.58%27.64%28.80%29.31%28.86%29.08%28.18%28.93%28.98%28.98%
No. of Shareholders64,13177,9651,01,9381,10,0431,16,2081,19,9341,22,8551,17,0281,09,3741,06,0621,19,7511,12,035

Fundamentals

Market Cap₹ 3,507 Cr.
Current Price₹ 1,111
Stock P/E30.8
Book Value₹ 510
ROCE7.91 %
ROE5.18 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)39%
Standalone figures.
Valuation
Market capRs 3,507 Cr
Enterprise valueRs 3,546 Cr
P/E (TTM)30.83x
Price to book2.22x
Price to sales1.12x
EV / EBITDA13.13x
EV / EBIT19.04x
EV / sales1.14x
Price to cash flow38.12x
Earnings yield3.24%
Dividend yield0.45%
P/E, 3-year average17.13x
P/B, 3-year average1.69x
P/E, 5-year average13.41x
P/B, 5-year average1.69x
Profitability
Operating margin (excl. other income)6.08%
Operating margin (incl. other income)6.50%
EBITDA margin8.65%
Pre-tax margin4.70%
Net profit margin3.64%
Net margin, latest quarter5.85%
ROE5.19%
ROCE7.92%
ROA3.32%
ROE, 3-year average13.93%
ROCE, 3-year average18.61%
ROA, 3-year average8.99%
ROE, 5-year average18.76%
ROCE, 5-year average22.06%
ROA, 5-year average10.45%
ROIC (approx.)9.20%
Tax rate20.01%
Other income / net worth0.86%
Growth
Sales growth (latest year)18.72%
Profit growth (latest year)-66.08%
Sales CAGR, 3 years16.71%
Sales CAGR, 5 years11.46%
Profit CAGR, 3 years-21.42%
Profit CAGR, 5 years-12.74%
Sales growth QoQ16.03%
Profit growth QoQ870.55%
Sales growth YoY (latest quarter)-13.94%
Profit growth YoY (latest quarter)209.03%
Per share
EPS (TTM)Rs 36.03
EPS (latest year)Rs 25.51
EPS (latest quarter)Rs 13.98
EPS, 3-year averageRs 56.77
EPS, 5-year averageRs 58.83
Book value per shareRs 500.19
Sales per shareRs 988.49
Cash flow per shareRs 29.13
Free cash flow per shareRs -22.80
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 5.67
Dividend per share, 5-year averageRs 4.60
Dividends
Dividend payout19.61%
Dividend payout, 3-year average12.00%
Dividend payout, 5-year average9.12%
Efficiency
Asset turnover1.30x
Fixed asset turnover2.76x
Inventory turnover4.54x
Inventory days80 days
Debtor days34 days
Debtors turnover10.72x
Creditor days88 days
Cash conversion cycle40 days
Working capital days23 days
Leverage
Total debtRs 145 Cr
Cash and bankRs 106 Cr
Net debtRs 39 Cr
Debt to equity0.09x
Net debt / EBITDA0.14x
Interest coverage4.70x
Owners' fund to total sources63.03%
Debt to assets5.80%
Cash flow
Cash from Operating Activity (latest year)Rs 92 Cr
Cash from Investing Activity (latest year)Rs 5 Cr
Cash from Financing Activity (latest year)Rs -68 Cr
Net Cash Flow (latest year)Rs 28 Cr
Free cash flow (latest year)Rs -72 Cr
FCFE (approx.: FCF + change in debt)Rs -75 Cr
Cash from ops / profit, 5 years1.45x
Sales to cash flow35.43x
Statement figures
Net sales (TTM)Rs 3,121 Cr
Net sales (latest year)Rs 3,260 Cr
Sales (latest quarter)Rs 755 Cr
Operating profit excl. other income (latest year)Rs 198 Cr
Operating profit (latest quarter)Rs 90 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 270 Cr
PBDT (TTM)Rs 230 Cr
Profit before tax (TTM)Rs 147 Cr
Tax (latest year)Rs 20 Cr
Net profit (TTM)Rs 114 Cr
Net profit (latest year)Rs 81 Cr
Net profit (latest quarter)Rs 44 Cr
Depreciation (TTM)Rs 84 Cr
Depreciation (latest quarter)Rs 22 Cr
Interest (TTM)Rs 40 Cr
Cost of goods sold (latest year)Rs 2,582 Cr
Total expenditure (latest year)Rs 3,061 Cr
Total income (latest year)Rs 3,273 Cr
Share capitalRs 32 Cr
ReservesRs 1,548 Cr
Shareholders' fundsRs 1,579 Cr
Total assetsRs 2,506 Cr
Net blockRs 1,182 Cr
Capital work in progressRs 164 Cr
InvestmentsRs 100 Cr
ReceivablesRs 304 Cr
InventoryRs 569 Cr
Other liabilitiesRs 781 Cr
Shares outstanding (crore)3.16
Ownership
Promoter holding60.03% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 30.8 is at the 92th percentile of its own 7.4-year range (median 13.7, low 5.8, high 36.3).
P/B 2.22 is at the 45th percentile (median 2.48).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTATAMETALINifty 50Difference
1 week+4.6%-2.8% +7.4 pts
1 month+5.1%-6.8% +11.9 pts
3 months+25.4%-7.6% +33.0 pts
6 months+24.3%+0.4% +23.9 pts
1 year+32.5%-9.9% +42.4 pts
2 years+35.3%-13.6% +48.9 pts
3 years+46.7%+14.2% +32.6 pts
5 years+82.4%+27.9% +54.5 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Sep 2023
Sales ₹755 Cr -13.9% vs Sep 2022. Net profit ₹44 Cr +214.3%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Kirloskar Ferrous Industries Ltd7,83520.013.4 %
No bulk or block deals on record.
Ex-dateActionFactor
2023-08-18Annual General Meeting/Dividend - Rs 5 Per Share
2022-07-20Annual General Meeting/Dividend - Rs 8 Per Share
2021-07-22 Annual General Meeting/Dividend - Rs 4 Per Share
2020-08-20 Annual General Meeting/Dividend - Rs 2.50 Per Share
2019-08-16 Annual General Meeting/Dividend - Rs 3.50 Per Share
2018-06-21 Annual General Meeting / Dividend- Rs 3 Per Share
2017-07-13 Annual General Meeting/Dividend - Rs 2.50 Per Share
2016-06-21 Annual General Meeting And Dividend Rs.2/- Per Share
2015-09-15 Annual General Meeting
2014-09-03Annual General Meeting
2013-09-18Annual General Meeting (Bc Dates Revised)
2012-09-14Annual General Meeting
2011-06-29Annual General Meeting
2010-07-15Annual Book Closure
2009-07-09Annual General Meeting
2008-06-19Agm/Dividend - 70%
2007-06-14Agm/Dividend-60% Bc End Date Revised
2006-06-15Agm/Dividend-60%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Tata Metaliks Ltd(Merged)?

Tata Metaliks Ltd(Merged) (TATAMETALI) has a market capitalisation of Rs 3,507 Cr. at the 2024-02-05 close.

What is the P/E ratio of Tata Metaliks Ltd(Merged)?

Tata Metaliks Ltd(Merged) trades at a P/E of 30.8 on trailing twelve-month profit, at the 2024-02-05 close.

What were Tata Metaliks Ltd(Merged)'s latest quarterly results?

In the Sep 2023 quarter, Tata Metaliks Ltd(Merged) sales was Rs 755 Cr (-13.9% vs Sep 2022) and net profit was Rs 44 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03