TATA STEELNSE: TATASTEELBSE: 500470Metals & Mining · Iron & Steel

₹169.460.19 (0.11%)

Mkt Cap: ₹2.12 L Cr.
P/E (TTM): 19.17
Open: ₹168.71
Day's Range: ₹167.91 – ₹169.65
52W Range: ₹160.06 – ₹224.40
Div Yield: 2.33%
EPS (TTM): ₹8.74
Book Value: ₹81.84

TATA STEEL Financial Statements

Name: TATA STEEL Financials — historical data
Creator: StockeZee

For May 2026, TATA STEEL reported revenue of ₹2,32,140 crore and net profit of ₹10,794 crore. Return on equity stands at 10.49%. Profit & loss, balance sheet and cash flow across 18 reported years are below.

Updated 30 Oct 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹2,32,140 Cr
EBITDA: ₹34,352 Cr
Operating margin: 14.8%
Profit after tax: ₹10,794 Cr
Net margin: 4.65%
EPS: ₹8.65
Latest year: May 2026
Years reported: 18

TATA STEEL revenue and profit trend

The quickest view of reported annual business performance. Revenue and profit use separate scales.

TATA STEEL profit & loss

Reported annual performance for TATA STEEL, oldest to newest. Figures in ₹ crore unless a row states otherwise.

TATA STEEL annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	May 2022	Mar 2023	May 2023	Mar 2024	May 2024	Mar 2025	May 2025	Mar 2026	May 2026
Revenue from Operations	2,43,959	2,43,959	2,43,353	2,43,353	2,29,171	2,29,171	2,18,543	2,18,543	2,32,140	2,32,140
Sales Growth YoY %	56.09%	56.09%	-0.25%	-0.25%	-5.83%	-5.83%	-4.64%	-4.64%	6.22%	6.22%
Other Income	785	785	1,037	1,037	1,809	1,809	1,541	1,541	1,402	1,402
Total Income	2,44,744	2,44,744	2,44,390	2,44,390	2,30,980	2,30,980	2,20,083	2,20,083	2,33,542	2,33,542
Cost of Goods Sold (COGS)	83,479	83,479	1,13,238	1,13,238	1,01,916	1,01,916	95,001	95,001	93,618	93,618
Cost of Materials Consumed	75,764	75,764	1,01,483	1,01,483	82,534	82,534	77,080	77,080	74,469	74,469
Purchases of Stock-in-Trade	15,313	15,313	15,114	15,114	14,973	14,973	18,018	18,018	18,159	18,159
Changes in Inventories	-7,598	-7,598	-3,359	-3,359	4,409	4,409	-97	-97	990	990
Gross Profit	1,60,480	1,60,480	1,30,114	1,30,114	1,27,255	1,27,255	1,23,542	1,23,542	1,38,522	1,38,522
Gross Margin %	65.78%	65.78%	53.47%	53.47%	55.53%	55.53%	56.53%	56.53%	59.67%	59.67%
Total Operating Expenses	96,990	96,990	97,814	97,814	1,04,949	1,04,949	98,243	98,243	1,04,170	1,04,170
Employee Benefit Expense	23,264	23,264	22,419	22,419	24,510	24,510	24,889	24,889	25,999	25,999
Other Expenses	73,726	73,726	75,395	75,395	80,440	80,440	73,354	73,354	78,171	78,171
EBITDA	63,490	63,490	32,300	32,300	22,306	22,306	25,298	25,298	34,352	34,352
OPM %	26.02%	26.02%	13.27%	13.27%	9.73%	9.73%	11.58%	11.58%	14.8%	14.8%
Total Non-Operating Expenses	14,429	14,429	15,747	15,747	9,576	9,576	16,908	16,908	18,089	18,089
Depreciation & Amortisation	9,101	9,101	9,335	9,335	9,882	9,882	10,421	10,421	11,955	11,955
Finance Costs	5,462	5,462	6,299	6,299	7,508	7,508	7,341	7,341	7,167	7,167
Exceptional Items (Before Tax)	-134	-134	113	113	-7,814	-7,814	-855	-855	-1,032	-1,032
Profit Before Tax (PBT)	49,578	49,578	17,817	17,817	-1,089	-1,089	8,222	8,222	15,600	15,600
Tax Expense	8,478	8,478	10,160	10,160	3,763	3,763	5,239	5,239	5,083	5,083
Current Tax	7,050	7,050	5,361	5,361	5,290	5,290	3,556	3,556	5,261	5,261
Deferred Tax	1,428	1,428	4,798	4,798	-1,528	-1,528	1,683	1,683	-179	-179
Effective Tax %	17.1%	17.1%	57.02%	57.02%	-345.49%	-345.49%	63.72%	63.72%	32.58%	32.58%
Profit/Loss from Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Total Profit for Period	41,749	41,749	8,075	8,075	-4,910	-4,910	3,174	3,174	10,886	10,886
Less: Non-controlling Interests	1,595	1,595	-685	-685	-472	-472	-247	-247	92	92
Net Profit (Owner's PAT)	40,154	40,154	8,760	8,760	-4,437	-4,437	3,421	3,421	10,794	10,794
Net Profit Margin %	16.46%	16.46%	3.6%	3.6%	-1.94%	-1.94%	1.57%	1.57%	4.65%	4.65%
PAT Growth YoY %	436.08%	436.08%	-78.18%	-78.18%	-150.65%	-150.65%	177.08%	177.08%	215.56%	215.56%
Earnings Per Share (EPS)	₹32.87	₹32.87	₹7.17	₹7.17	₹-3.55	₹-3.55	₹2.74	₹2.74	₹8.65	₹8.65
Diluted Shares Outstanding (Cr.)	1,222	1,222	1,222	1,222	1,248	1,248	1,248	1,248	1,248	1,248
Profit/Loss from Associates	649	649	418	418	-58	-58	191	191	369	369
Other Comprehensive Income (Net of Tax)	1,305	1,305	-13,849	-13,849	-3,228	-3,228	273	273	5,492	5,492
Expenses	1,95,166	1,95,166	2,26,573	2,26,573	2,32,069	2,32,069	2,11,861	2,11,861	2,17,942	2,17,942
Material Cost %	31.06%	31.06%	41.7%	41.7%	36.01%	36.01%	35.27%	35.27%	32.08%	32.08%
Employee Cost %	9.54%	9.54%	9.21%	9.21%	10.69%	10.69%	11.39%	11.39%	11.2%	11.2%
Other Cost %	30.22%	30.22%	30.98%	30.98%	35.1%	35.1%	33.57%	33.57%	33.67%	33.67%
Interest Coverage (x)	9.96	9.96	3.65	3.65	1.65	1.65	2.03	2.03	3.13	3.13

Showing the most recent 10 of 18 reported periods.

TATA STEEL balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

TATA STEEL annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	71,290	76,163	77,508	1,17,098	1,05,175	92,433	91,353	1,03,780
Equity Share Capital	1,145	1,145	1,198	1,221	1,221	1,247	1,247	1,247
Reserves & Surplus	67,780	72,431	73,041	1,13,222	1,01,861	90,788	89,922	1,00,920
Equity Method Investments	1,923	2,169	2,476	2,962	3,233	2,947	2,971	2,943
Total Equity	71,290	76,163	77,508	1,17,098	1,05,175	92,433	91,353	1,03,780
Non-Current Liabilities	1,01,259	1,12,596	97,112	77,759	85,551	82,587	1,01,948	1,00,556
Long-term Borrowings	80,343	94,105	72,409	50,461	57,257	56,115	73,385	69,987
Deferred Tax Liabilities	12,460	9,261	9,241	12,326	14,116	12,992	14,430	15,332
Non-Current Provisions	4,046	4,235	4,692	4,826	4,776	5,424	5,807	5,990
Other Non-Current Liabilities	3,173	4,479	10,175	9,147	7,531	6,564	6,827	7,985
Non-Current Financial Liabilities	80,673	94,621	73,003	51,460	59,129	57,607	74,885	71,249
Current Liabilities	59,608	60,313	70,867	90,397	97,295	98,403	86,094	96,918
Short-term Borrowings	10,802	19,184	9,492	25,101	27,636	30,967	21,417	22,395
Trade Payables	21,717	21,381	25,967	36,765	37,833	35,435	29,314	34,810
Current Financial Liabilities	49,673	50,813	50,373	70,444	76,689	77,061	66,943	74,976
Other Current Financial Liabilities	17,154	10,248	14,913	8,578	11,221	10,660	16,212	17,771
Other Current Liabilities	8,033	7,226	11,345	15,802	14,800	—	13,487	13,423
Current Provisions	1,249	1,664	4,725	2,768	3,883	3,779	3,888	6,048
Liabilities Held for Sale	1,426	1,348	—	191	—	—	—	—
Current Tax Liabilities	636	610	4,424	1,383	1,924	2,167	1,776	2,471
Total Liabilities	1,62,293	1,74,257	1,67,979	1,68,347	1,82,847	1,80,991	1,88,042	1,97,474
Total Non-Current Assets	1,74,591	1,91,687	1,85,275	1,92,889	2,01,356	2,02,875	2,11,003	2,28,734
Property, Plant & Equipment (PPE)	1,18,451	1,28,054	1,28,454	1,24,504	1,27,919	1,31,124	1,33,303	1,59,951
Capital Work-in-Progress	17,957	18,862	18,129	21,228	30,308	33,370	40,602	27,510
Intangible Assets	1,994	2,442	2,976	4,472	13,101	11,945	11,652	12,423
Non-Current Investments	1,290	685	987	1,654	1,547	2,579	2,781	3,142
Loans – Non-Current	613	489	337	72	65	73	115	126
Other Non-Current Assets	26,194	32,158	24,738	27,873	15,136	8,121	7,002	7,846
Non-Current Financial Assets	2,583	2,042	1,702	3,697	2,526	4,527	4,558	4,800
Net Fixed Assets	1,38,402	1,49,358	1,49,559	1,50,204	1,71,328	1,76,439	1,85,557	1,99,885
Total Current Assets	54,849	55,909	60,112	92,256	86,606	70,504	68,392	72,265
Inventories	31,656	31,069	33,276	48,824	54,415	49,158	44,590	47,249
Trade Receivables	11,811	7,885	9,540	12,246	8,257	6,264	5,260	4,917
Cash & Cash Equivalents	2,976	7,542	5,532	15,605	12,130	7,081	9,605	8,885
Current Investments	2,525	3,432	7,219	8,524	3,630	731	443	1,004
Loans – Current	240	216	65	6	2	2	5	3
Current Financial Assets	19,525	21,520	24,525	39,860	27,243	17,048	19,181	19,339
Other Current Assets	3,534	3,178	2,154	3,510	4,830	4,218	4,541	5,600
Other Current Financial Assets	1,608	1,932	1,920	3,184	1,997	1,374	1,827	3,358
Assets Held for Sale	4,142	2,823	100	301	59	45	—	255
Current Tax Assets	134	143	157	62	118	80	80	76
Net Working Capital	-4,759	-4,403	-10,755	1,859	-10,689	-27,900	-17,702	-24,653
Additional Asset Fields	4,097	3,857	4,848	5,679	4,719	19,904	4,119	6,352
Def Govt Grants Curr	17	—	—	—	—	15,396	—	—
Def Govt Grants Nc	907	—	—	—	—	—	—	—
Def Tax Assets	809	1,270	1,578	3,024	2,626	4,111	3,936	4,739
Non Controlling Int	2,364	2,587	3,270	2,655	2,093	397	183	1,613
Total Assets	2,33,582	2,50,419	2,45,487	2,85,446	2,88,022	2,73,424	2,79,395	3,01,254
Total Borrowings	91,145	1,13,289	81,901	75,561	84,893	87,082	94,801	92,382
Net Debt	88,169	1,05,747	76,369	59,957	72,763	80,001	85,196	83,497
Debt to Equity (x)	1.28	1.49	1.06	0.65	0.81	0.94	1.04	0.89
Current Ratio (x)	0.92	0.93	0.85	1.02	0.89	0.72	0.79	0.75

TATA STEEL cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

TATA STEEL annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	44,381	21,683	20,301	23,512	35,064
Profit Before Tax	49,578	17,817	-1,089	8,222	15,600
Depreciation & Amortisation	9,101	9,335	9,882	10,421	11,955
Finance Costs	5,462	6,299	7,508	7,341	7,167
Working Capital Changes	-9,618	-3,707	3,384	2,207	5,442
Tax Paid	-11,902	-5,519	-5,320	-2,624	-4,597
Net Cash from Investing Activities	-10,881	-18,680	-14,251	-14,173	-14,905
Purchase of PPE	-10,522	-14,142	-18,207	-15,671	-14,559
Sale of Fixed Assets	569	328	475	514	863
Interest Received	137	248	333	242	650
Net Cash from Financing Activities	-23,401	-6,981	-11,097	-7,002	-21,387
Proceeds from Borrowings	12,439	16,769	14,120	20,893	15,954
Repayment of Borrowings	-26,360	-10,226	-11,751	-17,597	-23,897
Interest Paid	-4,687	-6,120	-8,145	-8,119	-8,066
Dividend Paid	-3,020	-6,293	-4,429	-4,490	-4,490
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	0	0	0	-971	-1,162
Net Change in Cash	10,075	-3,477	-5,049	2,524	-720
Effect of Foreign Exchange Changes	-24	500	-1	187	508
Free Cash Flow	33,859	7,541	2,094	7,841	20,505
CFO / PBT (x)	0.9	1.22	-18.64	2.86	2.25

TATA STEEL key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

TATA STEEL trades at a P/E of 19.17× against a sector median of 14.93× — a 28% premium. Sector comparisons can mislead for conglomerates with mixed business lines.

TATA STEEL valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	19.17
Forward P/E	Valuation	10.46
P/B	Valuation	2.07
PEG (TTM)	Valuation	3.32
EV / EBITDA (TTM)	Valuation	9.47
P/S (TTM)	Valuation	0.88
Operating margin	Profitability	9.81%
Net margin (TTM)	Profitability	4.69%
Return on equity	Return ratios	10.49%
Return on capital employed	Return ratios	8.2%
Return on assets	Return ratios	4.73%
Debt to equity	Leverage & liquidity	0.89
Beta	Leverage & liquidity	1.3
EPS (TTM)	Per share	₹8.74
Book value	Per share	₹81.84
Revenue / share (TTM)	Per share	₹184.65
Cash flow / share	Per share	₹28.11
Dividend yield	Shareholder returns	2.33%
Dividend payout (TTM)	Shareholder returns	87.76%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

TATA STEEL: frequently asked questions

What is TATA STEEL's annual revenue?

TATA STEEL reported revenue of ₹2,32,140 crore in May 2026, up 0.0% on the previous financial year.

Is TATA STEEL profitable?

TATA STEEL reported a net profit of ₹10,794 crore in May 2026, up 0.0% on the previous financial year.

What is TATA STEEL's EPS?

TATA STEEL reported earnings per share of ₹8.65 for May 2026.

What is TATA STEEL's operating margin?

TATA STEEL's operating margin for May 2026 was 14.80%.

What is TATA STEEL's return on equity?

TATA STEEL's return on equity stands at 10.49%. ROE measures profit generated per rupee of shareholder equity.

How many years of TATA STEEL financials are shown?

18 reported financial years are tabulated on this page, the most recent being May 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about TATA STEEL (TATASTEEL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.