MarketFriction

Tata Steel BSL Ltd(Merged)

NSE TATASTLBSL · Iron & Steel
₹85.35 -1.22%
NSE close2021-11-12
Market cap₹9,333 Cr.
P/E1.31
Merged or delisted

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

Consolidated, Rs crore
Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021
Sales4,8895,5184,3334,5555,0384,2742,6975,5195,8817,3217,8588,309
Expenses3,8814,7323,5504,0354,7603,5042,5504,4124,2574,7524,7555,896
Operating Profit1,0087867835202787701471,1071,6242,5693,1032,413
OPM %21%14%18%11%6%18%5%20%28%35%39%29%
Other Income-10010896131514132625282621
Interest789741415410422408440416361313247197
Depreciation359366353368372370371375375371404399
Profit before tax-240-212111-244-5026-6503429131,9142,4791,837
Tax %0%0%0%0%0%0%0%0%0%0%0%-0%
Net Profit-240-212111-244-5026-6503429131,9132,4781,837
EPS in Rs-2.19-1.941.02-2.23-4.590.05-5.953.138.3517.5022.6616.80
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021TTM
Sales7,0049,96110,7449,67610,64611,81913,70317,01320,89218,19921,41929,369
Expenses4,9726,9647,4346,9858,4739,75810,90314,80617,09415,84915,97019,659
Operating Profit2,0322,9973,3102,6912,1722,0612,8002,2063,7972,3505,4499,710
OPM %29%30%31%28%20%17%20%13%18%13%25%33%
Other Income6924172827665-23,0043,10814091100
Interest4481,0461,2871,6632,4944,6015,4276,3053,7521,6551,5291,118
Depreciation2786208319649381,7301,6861,7861,4421,4631,4911,549
Profit before tax1,3761,3551,20992-1,258-4,195-4,248-28,8881,712-6282,5197,143
Tax %27%25%25%36%-0%-21%-15%-15%0%0%0%
Net Profit1,0071,01390559-1,257-3,441-3,624-24,5661,712-6282,5187,142
EPS in Rs44.4844.8040.042.61-55.49-151.90-159.60-1,084.5915.66-5.7523.0365.31
Dividend Payout %1%1%1%19%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%13%8%68%
Compounded Profit Growth10%22%55%989%
Stock Price CAGR8%0%%%
Return on Equity%%%13%
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Sep 2021
Equity Capital4242444545454545219219219219
Reserves5,7977,8279,0819,0137,7112,085-1,528-26,09718,10118,26720,78525,084
Borrowings16,63021,58728,62535,32839,20949,35849,95849,64817,03516,73810,8165,619
Other Liabilities2,8564,2675,7906,7245,9878,40911,74216,2464,2313,5895,3026,284
Total Liabilities25,32633,72443,54051,11052,95259,89760,21639,84339,58638,81337,12237,205
Fixed Assets12,56715,73418,14921,87636,56451,43651,76430,36229,15529,77428,63927,784
CWIP5,4419,21712,84816,5912,7872,7291,1711,1801,154682442560
Investments15337338338337324212211,59616943
Other Assets7,1658,40012,16012,26113,2285,4907,1608,3007,6818,3567,3488,858
Total Assets25,32633,72443,54051,11052,95259,89760,21639,84339,58638,81337,12237,205
Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Cash from Operating Activity4179942,739-2112,3032,1729247531,7885,8001,8668,160
Cash from Investing Activity-3,442-5,501-4,844-4,521-4,822-1,402-204-80-645-1,617532-663
Cash from Financing Activity3,0274,4222,4304,5232,440-766-765-579-675-4,500-1,951-7,484
Net Cash Flow2-84326-208-793-4693469-31744713
Free Cash Flow-2,808-4,682-1,951-4,736-2,5697838335021,4775,4461,2528,018
CFO/OP42%62%100%0%88%100%45%27%81%153%80%150%
Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Debtor Days49264580938236412612147
Inventory Days203306220351454449123175148147168149
Days Payable10198661031651686962489998143
Cash Conversion Cycle15123319832838236391154126608413
Working Capital Days133-145-9013-92-18-535-583-1,2683138-0
ROCE %11%10%9%7%4%3%1%2%1%8%3%12%
Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021
Promoters72.65%72.65%72.65%72.65%72.65%72.65%72.65%72.65%72.65%72.65%72.65%72.65%
FIIs0.04%0.00%0.02%0.16%0.32%0.29%0.30%0.43%0.76%1.11%0.74%1.92%
DIIs11.27%10.94%10.32%10.22%10.50%10.82%10.05%8.32%7.35%6.44%4.59%3.60%
Public16.04%16.41%17.01%16.97%16.53%16.24%16.99%18.59%19.23%19.79%22.02%21.83%
No. of Shareholders1,03,8481,05,6241,05,2991,05,1611,02,9981,05,6701,16,9401,16,1361,24,5861,59,0433,93,4434,04,977

Fundamentals

Market Cap₹ 9,333 Cr.
Current Price₹ 85.4
Stock P/E1.31
Book Value₹ 231
ROCE12.0 %
ROE12.6 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)68%
Compounded Profit Growth (TTM)989%
Consolidated figures.
Valuation
Market capRs 9,333 Cr
Enterprise valueRs 19,405 Cr
P/E (TTM)1.31x
Price to book0.44x
Price to sales0.32x
EV / EBITDA1.98x
EV / EBIT2.35x
EV / sales0.66x
Price to cash flow1.14x
Earnings yield76.52%
P/E, 3-year average2.07x
P/B, 3-year average0.18x
P/E, 5-year average2.07x
P/B, 5-year average-0.07x
Profitability
Operating margin (excl. other income)25.44%
Operating margin (incl. other income)25.86%
EBITDA margin33.40%
Pre-tax margin24.32%
Net profit margin24.32%
Net margin, latest quarter22.11%
ROE12.75%
ROCE12.08%
ROA6.63%
ROE, 3-year average-11.65%
ROCE, 3-year average11.17%
ROA, 3-year average3.11%
ROE, 5-year average-194.74%
ROCE, 5-year average-5.36%
ROA, 5-year average-9.16%
ROIC (approx.)26.57%
Tax rate0.04%
Other income / net worth0.43%
Growth
Sales growth (latest year)17.69%
Sales CAGR, 3 years7.98%
Sales CAGR, 5 years12.63%
Sales growth QoQ5.73%
Profit growth QoQ-25.87%
Sales growth YoY (latest quarter)50.54%
Profit growth YoY (latest quarter)437.60%
Per share
EPS (TTM)Rs 65.31
EPS (latest year)Rs 23.03
EPS (latest quarter)Rs 16.80
EPS, 3-year averageRs 10.98
EPS, 5-year averageRs -242.23
Book value per shareRs 192.09
Sales per shareRs 268.59
Cash flow per shareRs 74.63
Free cash flow per shareRs 73.33
Efficiency
Asset turnover0.58x
Fixed asset turnover0.75x
Inventory turnover3.16x
Inventory days116 days
Debtor days7 days
Debtors turnover50.68x
Creditor days143 days
Cash conversion cycle13 days
Working capital days-0 days
Leverage
Total debtRs 10,816 Cr
Cash and bankRs 744 Cr
Net debtRs 10,072 Cr
Debt to equity0.51x
Net debt / EBITDA1.03x
Interest coverage7.39x
Owners' fund to total sources56.58%
Debt to assets29.14%
Cash flow
Cash from Operating Activity (latest year)Rs 8,160 Cr
Cash from Investing Activity (latest year)Rs -663 Cr
Cash from Financing Activity (latest year)Rs -7,484 Cr
Net Cash Flow (latest year)Rs 13 Cr
Free cash flow (latest year)Rs 8,018 Cr
FCFE (approx.: FCF + change in debt)Rs 2,096 Cr
Sales to cash flow2.62x
Statement figures
Net sales (TTM)Rs 29,369 Cr
Net sales (latest year)Rs 21,419 Cr
Sales (latest quarter)Rs 8,309 Cr
Operating profit excl. other income (latest year)Rs 5,449 Cr
Operating profit (latest quarter)Rs 2,413 Cr
Other income (TTM)Rs 100 Cr
EBITDA (TTM)Rs 9,810 Cr
PBDT (TTM)Rs 8,692 Cr
Profit before tax (TTM)Rs 7,143 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 7,142 Cr
Net profit (latest year)Rs 2,518 Cr
Net profit (latest quarter)Rs 1,837 Cr
Depreciation (TTM)Rs 1,549 Cr
Depreciation (latest quarter)Rs 399 Cr
Interest (TTM)Rs 1,118 Cr
Cost of goods sold (latest year)Rs 13,835 Cr
Total expenditure (latest year)Rs 15,970 Cr
Total income (latest year)Rs 21,510 Cr
Share capitalRs 219 Cr
ReservesRs 20,785 Cr
Shareholders' fundsRs 21,004 Cr
Total assetsRs 37,122 Cr
Net blockRs 28,639 Cr
Capital work in progressRs 442 Cr
InvestmentsRs 694 Cr
ReceivablesRs 423 Cr
InventoryRs 4,381 Cr
Other liabilitiesRs 5,302 Cr
Shares outstanding (crore)109.34
Ownership
Promoter holding72.65% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.44 is at the 61th percentile (median 0.22).
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.
PeriodTATASTLBSLNifty 50Difference
1 week-2.8%-2.8% -0.1 pts
1 month-2.0%-6.8% +4.8 pts
3 months-10.0%-7.6% -2.4 pts
6 months-15.7%+0.4% -16.1 pts
1 year+229.5%-9.9% +239.5 pts
2 years+235.4%-13.6% +248.9 pts
3 years+206.5%+14.2% +192.3 pts
5 years+100.8%+27.9% +72.9 pts

Red flags

F-score 8 of 8
explainShare dilution Share count up 0% in a year, 383% in three
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 2021
Sales ₹8,309 Cr +50.6% vs Sep 2020. Net profit ₹1,837 Cr +437.1%.

Activity

Compare
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Prakash Industries Ltd2,1786.969.56 %
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Ankit Metal & Power Ltd27-34.2 %
No bulk or block deals on record.
Ex-dateActionFactor
2021-07-29 Annual General Meeting
2020-09-11 Annual General Meeting
2019-08-29 Annual General Meeting
2018-09-17 Annual General Meeting
2017-09-11 Annual General Meeting
2016-09-09 Annual General Meeting
2015-09-10 Annual General Meeting
2014-09-15Annual General Meeting / Dividend - Re 0.50/- Per Share
2013-09-16Annual General Meeting And Dividend Re.0.50 Per Share
2013-01-15Right Issue 1:15 @ Premium Of Rs 333 Per Share
2012-09-18Annual General Meeting /Dividend Rs.0.50 Per Share
2011-09-08Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-21Annual General Meeting / Dividend Rs.2.50 Per Share And Face Value Split From Rs.10/- To Rs.2/-0.2000
2009-09-17Agm/Div-Rs.2.50 Per Share
2008-09-17Agm/Dividend - 25%
2007-09-11Agm/Dividend-25%
2006-09-14Agm/Dividend-25%
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 Steel BSL Ltd(Merged)?

Tata Steel BSL Ltd(Merged) (TATASTLBSL) has a market capitalisation of Rs 9,333 Cr. at the 2021-11-12 close.

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

Tata Steel BSL Ltd(Merged) trades at a P/E of 1.31 on trailing twelve-month profit, at the 2021-11-12 close.

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

In the Sep 2021 quarter, Tata Steel BSL Ltd(Merged) sales was Rs 8,309 Cr (+50.6% vs Sep 2020) and net profit was Rs 1,837 Cr.

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