Tata Steel Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TATASTEEL, BSE:500470 Tata Steel Ltd.

Tata Steel Ltd.

07 Jul 2021

167.51

-0.75%

Tata Steel

Buy: Tata Steel Ltd.

ICICI Securities Limited

Recently, in its Investor Day, Tata Steel (TSL) laid out its strategic Roadmap 2030. TSL is aiming to double Indian operations steel production capacity to 40 million tonnes (MT) by 2030. The doubling of domestic production capacity would be done through both organic as well as inorganic route. The company would focus on organic growth for the flat product segment and would participate in inorganic opportunities for the long product segment. In terms of product-wise break-up, by 2030 the target is to increase the production capacity of flat product portfolio to 30 MT (from 15.6 MT...

Tata Steel Ltd. has an average target of 170.33 from 7 brokers.

Tata Steel Ltd.

27 Jun 2021

167.51

-0.75%

Pick of the Week - Tata Steel Limited

Buy: Tata Steel Ltd.

Target

Edelweiss

Tata Steel Limited is a diversified steel producer.

Tata Steel Ltd. is trading above all available SMAs

Tata Steel Ltd.

23 Jun 2021

167.51

-0.75%

Focus back on growth but with an eye on leverage

Neutral: Tata Steel Ltd.

Target

Motilal Oswal

Focus back on growth but with an eye on leverage Rising carbon costs in Europe a key concern Tata Steel (TATA)'s FY21 Annual Report highlights the ambition of the company to maintain leadership in volumes, cost, and sustainability. With improved cash flows, the focus is back on growing the India business, wherein it aims to double capacity to 35 40mt by 2030. However, it plans to tread cautiously on this path as debt repayment remains the focal point for the management. On Tata Steel Europe (TSE), the management palpably appears concerned about the tightening emission norms in...

Prabhudas Lilladhar released a report for Tata Steel Ltd. on 29 Sep, 2025.

Tata Steel Ltd.

07 May 2021

167.51

-0.75%

Tata Steel: Q4FY21 Result Review

Buy: Tata Steel Ltd.

Target

IDBI Capital

Tata Steel reported better than expected EBITDA for Q4FY21 as its consolidated EBITDA jumped almost 2x YoY to Rs143 bn. The sharp increase in EBITDA was led by India operations where adjusted EBITDA/t increased to Rs27,828 (+38% QoQ, +221% YoY) on sharp increase in steel realizations. Tata Steel Europe EBITDA/t improved to Rs4,821 (vs. loss of Rs3,438 in Q3FY21) although it was slightly weaker than our estimate. Tata Steel's net debt fell by Rs107 bn to Rs750 bn. In FY22, it aims to lower its debt further...

Prabhudas Lilladhar released a report for Tata Steel Ltd. on 29 Sep, 2025.

Tata Steel Ltd.

07 May 2021

167.51

-0.75%

Tata Steel

Buy: Tata Steel Ltd.

Recommendation Target

ICICI Securities Limited

Tata Steel's consolidated net debt declined from | 104779 crore as on March 2020 to | 75389 crore as on March 2021 (total debt repayment during FY21 was at | 29390 crore while for Q4FY21 was at | 10781 crore). For Q4FY21, Tata Steel's consolidated free cash flow was at | 8826 crore while for FY21 Tata Steel's consolidated free cash was at | 23748 crore. Furthermore, Tata Steel's consolidated operations net debt to EBITDA improved to 2.44x while...

Prabhudas Lilladhar released a report for Tata Steel Ltd. on 29 Sep, 2025.

Tata Steel Ltd.

07 May 2021

167.51

-0.75%

Deleveraging to be strong despite capex

Neutral: Tata Steel Ltd.

Target

Motilal Oswal

Tata Steel (TATA) has been a key beneficiary of rising steel prices. As expected, it reported a strong 4QFY21, with consolidated EBITDA rising 205% YoY to INR142b (its highest ever) on the back of higher prices. Net debt fell INR123b QoQ to INR826b (lowest since Mar'18). We expect steel prices and margin to stay strong on tightening demandsupply in Asia and raise our FY22E/FY23E EBITDA estimate by 77%/36% and our TP by 35% to INR1,205/share. Net debt is expected to decline by a further INR188b in FY22E to INR638b, despite the resumption of capex for the 5mtpa expansion of the Kalinganagar plant....

Tata Steel Ltd. is trading above all available SMAs

Tata Steel Ltd.

06 May 2021

167.51

-0.75%

Tata Steel

Results Update: Tata Steel Ltd.

SMC online

Tata Steel jumped 5.04% to Rs 1122.85 after the company reported a consolidated net profit of Rs 6644.15 crore in Q4 FY21 as against net loss of Rs 1481.34 crore in Q4 FY20. Net sales during the quarter increased 39.4% year-on-year (YoY) to Rs 49977.40 crore. The steel major reported a pre-tax profit of Rs 9356.86 crore in the fourth quarter compared with net loss of Rs 1870.55 crore reported in the same period last year. EBITDA surged at Rs 14,290 crore in Q4 FY21 compared with Rs 4,824 crore in Q4 FY20 as Rs 9,652 crore in Q3 FY21....

Tata Steel Ltd. has an average target of 170.33 from 7 brokers.

Tata Steel Ltd.

30 Apr 2021

167.51

-0.75%

Tata Steel Long Products Ltd Hidden Gem: Large Re-rating on cards

Tata Steel Ltd.

Monarch Networth Capital Limited

Tata Steel Long Products (TSLP) is a leading long steel (bars and wire-rods) manufacturer with client base in high value-added sectors (Automotive, Industrial products), backed by best-in-class backward integrated plants. TSLP has seen massive cost improvements in last 18 months after integration of acquired facilities of Usha Martin and is all set to see massive earnings growth going ahead led by i) low-cost operations with backward integrated facilities, ii) increased forward integration and higher value-added finished steel sales and iii) massive reduction in leverage leading to lower interest costs. TSLP also announced its proposed merger with Tata Metaliks (TML) in Nov'20 which is expected to...

Prabhudas Lilladhar released a report for Tata Steel Ltd. on 29 Sep, 2025.

Tata Steel Ltd.

12 Feb 2021

167.51

-0.75%

TATA STEEL

Buy: Tata Steel Ltd.

Target

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,...

Prabhudas Lilladhar released a report for Tata Steel Ltd. on 29 Sep, 2025.

Tata Steel Ltd.

12 Feb 2021

167.51

-0.75%

Tata Steel

Hold: Tata Steel Ltd.

Recommendation Target

ICICI Securities Limited

Tata Steel's Q3FY21 operational performance was better than our estimates. Consolidated topline came in at | 39594 crore (up 7% QoQ, 11% YoY), broadly in line with our estimate of | 39091 crore. During the quarter, for Indian operations while sales momentum was strong, deliveries were down 8% QoQ, 4% YoY to 4.65 million tonnes (MT) primarily due to lower opening inventory post strong sales in Q2FY21. European operations reported sales volume of 2.11 MT (down 10% YoY, 7% QoQ). Consolidated EBITDA was at | 9464 crore (up 55% QoQ, 161% YoY), higher than our estimate of | 8825...

Tata Steel Ltd. has an average target of 170.33 from 7 brokers.

Is Tata Steel Ltd. worth buying?

5176 Votes:

Buy 74.96%

Sell 12.65%

Hold 12.38%

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