|
17 Dec 2025 |
Tata Steel
|
Consensus Share Price Target
|
170.09 |
184.97 |
- |
8.75 |
buy
|
|
|
|
|
09 May 2022
|
Tata Steel
|
Geojit BNP Paribas
|
170.09
|
1466.00
|
1097.00
(-84.49%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
05 May 2022
|
Tata Steel
|
BOB Capital Markets Ltd.
|
170.09
|
1700.00
|
1283.70
(-86.75%)
|
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
|
ICICI Direct
|
170.09
|
1600.00
|
1284.25
(-86.76%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
05 May 2022
|
Tata Steel
|
Motilal Oswal
|
170.09
|
1440.00
|
1284.25
(-86.76%)
|
Pre-Bonus/
Split |
Neutral
|
|
|
|
|
05 May 2022
|
Tata Steel
|
Axis Direct
|
170.09
|
1700.00
|
1284.25
(-86.76%)
|
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.
|
|
05 May 2022
|
Tata Steel
|
Hem Securities
|
170.09
|
1650.00
|
1283.70
(-86.75%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
05 May 2022
|
Tata Steel
|
Prabhudas Lilladhar
|
170.09
|
1705.00
|
1252.25
(-86.42%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
04 May 2022
|
Tata Steel
|
IDBI Capital
|
170.09
|
1673.00
|
1164.90
(-85.40%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
04 May 2022
|
Tata Steel
|
ICICI Securities Limited
|
170.09
|
1700.00
|
1295.20
(-86.87%)
|
Pre-Bonus/
Split |
Buy
|
|
|
Tata Steel (TSL) surprised on deleveraging and capital allocation while consolidated print (Rs158bn of adjusted consolidated EBITDA) was in line. Q4FY22 witnessed ~Rs140bn of FCF, taking net debt to Rs510bn, down ~Rs150bn. TSL has paid Rs51/share in dividend (yield of 4%).
|
|
06 Apr 2022
|
Tata Steel
|
Axis Direct
|
170.09
|
1700.00
|
1370.75
(-87.59%)
|
Pre-Bonus/
Split |
Buy
|
|
|
We initiate coverage on Tata Steel with a BUY recommendation and a Target Price (TP) of Rs 1,700/share, implying an upside of 26% from the CMP. The stock is currently trading at 4.6x EV/EBITDA (consensus 1-Year forward) below its 10Y average of 6.3x.
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