Tata Steel Ltd.    
17 Aug 2020
395.50
0.42%
Prabhudas Lilladhar
Tata Steel (TATA) reported Q1FY21 EBITDA below our/consensus estimates by 76%/61% at Rs5.1bn (down 89% QoQ/down 91% YoY), due to lower than expected earnings across operations. Impacted by weak spreads and lower volumes, TATA Steel Europe (TSE) reported EBITDA loss of US$82mn (v/s PLe: Loss of US$45mn and positive EBITDA of US$9mn in Q4FY20). Indian operations earnings missed our/consensus estimates by 32%/18% owing to lower volumes and higher than expected costs. Domestic EBITDA margins fell 53% QoQ/55% YoY to Rs5,900/t (PLe:Rs8,420)....
Tata Steel Ltd. has an average target of 396.33 from 7 brokers.
Tata Steel Ltd.    
17 Aug 2020
395.50
0.42%
SMC online
Tata Steel Ltd. reported operating margins fell 1290 bps to 2.1% but Current operating level is around 95%, misses estimates Tata steel consolidated net sales fell 32% to Rs 24288.51 crore in Q1FY21 compared to Q1FY20....
Tata Steel Ltd. has an average target of 396.33 from 7 brokers.
Tata Steel Ltd.    
16 Aug 2020
395.50
0.42%
buy
ICICI Securities Limited
Tata Steel reported subdued Q1FY21 results wherein consolidated topline came in line with our estimate while consolidated EBITDA was notably lower than our estimate. The EBITDA/tonne of both Indian, European operations came in lower than our estimate. Standalone operations reported sales volume of ~2.1 million tonnes (MT). European operations reported steel sales of 2.0 MT, marginally higher than our estimate of 1.9 MT. Tata Steel BSL reported sales volume of 0.7 MT (higher than our estimate of 0.65 MT). Consolidated topline was at | 24289 crore (down 32% YoY, 28% QoQ),...
Tata Steel Ltd. has gained 34.82% in the last 6 Months
Tata Steel Ltd.    
15 Aug 2020
395.50
0.42%
Motilal Oswal
15 August 2020 Tata Steels (TATA) 1QFY21 consolidated EBITDA at INR5b (-91% YoY) was the weakest in the past 10 years. The COVID-19 crisis led to a sharp decline in both volumes and margins across all entities. Margin outlook in Indian operations, however, is much better with prices bouncing back to near pre-COVID levels. Europe, though, should remain a drag with EBITDA losses expected to continue in the near term. We have raised FY21/FY22E EBITDA estimates by 16%/7% to factor in the improved outlook in Indian operations. However, leverage remains unfavorable at 6.8x FY21 EBITDA. reported EBITDA plunged 89% QoQ (-91% YoY) to INR5.1b (v/s est. INR10.3b) in 1QFY21, led by significantly lower profitability in Tata Steels India operations and losses in Europe. Adjusted EBITDA (eliminating impact of forex movement on investments) was also weak at INR10.4b (-81% YoY).
Tata Steel Ltd. is trading above it's 200 day SMA of 364.5
Tata Steel Ltd.    
07 Jul 2020
395.50
0.42%
buy
Geojit BNP Paribas
Tata Steel is a leader in the global steel industry with operations spanning over 26 countries with key operations in India, Netherlands and United Kingdom. Tata steel primarily caters to customers in automotive,...
Tata Steel Ltd. is trading above it's 200 day SMA of 364.5
Tata Steel Ltd.    
01 Jul 2020
395.50
0.42%
Prabhudas Lilladhar
Tata Steel (TATA) reported Q4FY20 EBITDA above our/consensus estimates by 12%/8% at Rs46.5bn (up 48% QoQ/down 38% YoY), led by higher than expected earnings in TATA Steel Europe (TSE). While, Indian operations reported earnings in line with our expectation. Stock moved up ~20% over last couple of months in light of improvement in global prices (up 15% from bottom), low input prices and gradual recovery in domestic demand. However, we expect prices to weaken in H2CY20 due to ease in China's pent-up demand and sharp increase in Chinese steel...
Tata Steel Ltd. has gained 34.82% in the last 6 Months
Tata Steel Ltd.    
01 Jul 2020
395.50
0.42%
buy
ICICI Securities Limited
Domestic operation in FY20 comprises 64% of total sales volume In India, Tata Steel has operations in Jamshedpur (10 MT), Kalinganagar (3 MT), Tata Steel BSL (5.6 MT) and Tata Long products (1 MT), aggregating to 19.6 MT. Indian operations' key assets viz. Jamshedpur, Kalinganagar, Angul have globally cost competitive position, aiding overall EBITDA margins. In FY20, the higher margin domestic operations accounted for ~64% of overall sales volumes. In FY20, Tata Steel's consolidated sales volume was 26.7 MT of which Indian operations contributed 16.97 MT (~57% in FY19)....
Tata Steel Ltd. is trading below it's 50 day SMA of 399.5
Tata Steel Ltd.    
01 Jul 2020
395.50
0.42%
buy
Neutral: Tata Steel Ltd.
Motilal Oswal
1 July 2020 Tata Steels (TATA) 4Q EBITDA rose 28% QoQ to INR46.5b and surprised positively led by improved performance in Europe and Bhushan. Near term earnings outlook is weak due to lower domestic demand necessitating higher exports which adversely impacts EBITDA. Moreover, leverage remains discomforting at 8x of FY21 EBITDA. Given the challenges in Europe, we cut our FY21/22 EBITDA estimates marginally rating on the stock. INR40.4b) in 4QFY20 due to improved profitability in Tata Steel BSL and Europe. Consolidated sales volumes stood at 6.5mt, down 11%/14% QoQ/YoY. Other income was substantially higher at INR13.2b (2.7x YoY, 14.x QoQ), due to one-off gains.
Tata Steel Ltd. has gained 34.82% in the last 6 Months
Tata Steel Ltd.    
30 Jun 2020
395.50
0.42%
SMC online
Tata Steel Ltd. reported a wider-than-expected loss as prices of steel fell and the company accounted for impairment due to Covid-19. Consolidated net loss stood at Rs 1481.34 crore in the fourth quarter compared with a profit of Rs 2,382.55 crore in the same quarter a year ago. The steelmaker made a one-time provision of Rs 3,141 crore for the impairment of non-current assets that led to the higher loss. OPM of the company stood at 2.39% compared to 17.48% in Q4FY19. As a result operating...
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Number of FIIs/FPIs holding stock fell by 17 to 843 in Jun 2020 qtr.
Tata Steel Ltd.    
15 Jun 2020
395.50
0.42%
Edelweiss
TATA Steel Limited is a diversified steel producer. The Company is engaged in the business of steel making, including raw material and finishing operations.
Tata Steel Ltd. is trading below it's 50 day SMA of 399.5