|
16 Sep 2025 |
Tata Steel
|
Consensus Share Price Target
|
172.02 |
169.43 |
- |
-1.51 |
buy
|
|
|
|
|
26 Jul 2022
|
Tata Steel
|
ICICI Securities Limited
|
172.02
|
827.00
|
960.70
(-82.09%)
|
Pre-Bonus/
Split |
Sell
|
|
|
Tata Steel (TSL) consolidated EBITDA surprised on the back of strong Tata Steel Europe (TSE) EBITDA. TSE EBITDA expanded to US$365/te (up US$120/te QoQ) with support from contract realisations, favourable RM movement and lower energy costs. Net debt increased by Rs35bn QoQ to Rs545bn due to higher working capital (a common trend across the industry).
|
|
20 Jun 2022
|
Tata Steel
|
Motilal Oswal
|
172.02
|
965.00
|
884.80
(-80.56%)
|
Pre-Bonus/
Split |
Neutral
|
|
|
|
|
11 May 2022
|
Tata Steel
|
SMC online
|
172.02
|
|
1097.00
(-84.32%)
|
Pre-Bonus/
Split |
Results Update
|
|
|
|
|
09 May 2022
|
Tata Steel
|
Geojit BNP Paribas
|
172.02
|
1466.00
|
1097.00
(-84.32%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
05 May 2022
|
Tata Steel
|
ICICI Direct
|
172.02
|
1600.00
|
1284.25
(-86.61%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
05 May 2022
|
Tata Steel
|
Motilal Oswal
|
172.02
|
1440.00
|
1284.25
(-86.61%)
|
Pre-Bonus/
Split |
Neutral
|
|
|
|
|
05 May 2022
|
Tata Steel
|
Prabhudas Lilladhar
|
172.02
|
1705.00
|
1252.25
(-86.26%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
05 May 2022
|
Tata Steel
|
BOB Capital Markets Ltd.
|
172.02
|
1700.00
|
1283.70
(-86.60%)
|
Pre-Bonus/
Split |
Buy
|
|
|
Q4 results in line with consensus, dividend payout raised to 15% with improved gearing, and 10:1 stock split announced
|
|
05 May 2022
|
Tata Steel
|
Hem Securities
|
172.02
|
1650.00
|
1283.70
(-86.60%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
05 May 2022
|
Tata Steel
|
Axis Direct
|
172.02
|
1700.00
|
1284.25
(-86.61%)
|
Pre-Bonus/
Split |
Buy
|
|
|
We ascribe 6.0x, 5.0x and 3.5x multiple to India standalone, other operations (excl standalone) and Europe on FY24E EBITDA to arrive at a 1-year forward TP of Rs 1,700/share (unchanged from our previous TP), implying an upside potential of 35% from the CMP.
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