Tata Metaliks Ltd Stock Analysis

BSE: 513434 | NSE: TATAMETALI | Steel/Sponge Iron/Pig Iron | Small Cap

BSE Share Price 31-Mar-2023 18:02
750.60 9.55 (1.29%)

DeciZen - Make an Informed Decision on Tata Metaliks

Overall Rating

1. Quality

2. Valuation


3. Price Trend

Semi Strong

Tata Metaliks Price Chart

P/E Ratio ( SA) :
Market Cap :
2,370.2 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Tata Metaliks Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tata Metaliks Ltd is a good quality company.

2. Is Tata Metaliks Ltd undervalued or overvalued?

The key valuation ratios of Tata Metaliks Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Tata Metaliks Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Metaliks Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tata Metaliks:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tata Metaliks Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 2.4%23.2%30.2%32.9%23.4%24.9%25.8%19.7%19.6%16.3%-
Value Creation Index NA0.71.21.4NANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8641,1611,0991,2981,3391,8742,1552,0511,9172,7463,142
YoY Gr. Rt. %-34.3%-5.4%18.2%3.1%40%15%-4.9%-6.5%43.2%-
Adj EPS -128.135.746.347.464.464.459.570.367.624.5
YoY Gr. Rt. %-NA27.3%29.5%2.4%36%-0.1%-7.6%18.2%-3.8%-
BVPS (₹) -13.12.23539.281.9141.8253.2307.4411.7483483.2
Adj Net Profit -2.67190.311712016318116722221477
Cash Flow from Ops. 15418278.690.87719637570.2281470-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.7%15.5%8.4%43.2%
Adj EPS NA7.4%1.7%-3.8%
BVPS 042.62417.3
Share Price 32.6% 0.3% 31.1% -5.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % -2.882.261.481.378.257.632.119.82015.15.1
Op. Profit Mgn % 5.610.314.717.217.214.914.21420.513.55.1
Net Profit Mgn % -
Debt to Equity
Working Cap Days 14310010711011390991301601210
Cash Conv. Cycle 21-14-19-121130182445340

Recent Performance Summary

Sales growth is good in last 4 quarters at 20.83%

Return on Equity has declined versus last 3 years average to 5.10%

Sales growth has been subdued in last 3 years 8.41%

Net Profit has been subdued in last 3 years 1.67%

Latest Financials - Tata Metaliks Ltd.

Standalone Consolidated
TTM EPS (₹) 24.5 41.4
TTM Sales (₹ Cr.) 3,142 1,275
BVPS (₹.) 483.2 0
Reserves (₹ Cr.) 1,494 124
P/BV 1.55 0.00
PE 30.60 18.11
From the Market
52 Week Low / High (₹) 622.45 / 921.75
All Time Low / High (₹) 6.45 / 1374.00
Market Cap (₹ Cr.) 2,370
Equity (₹ Cr.) 31.6
Face Value (₹) 10
Industry PE 19

Management X-Ray of Tata Metaliks :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tata Metaliks

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Tata Metaliks Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tata Metaliks on 31-Mar-2023 18:02 is : 750.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Mar-2023 18:02 the market cap of Tata Metaliks stood at ₹ 2,370.2.
The latest PE ratio of Tata Metaliks as of 31-Mar-2023 18:02 is 30.60.
The latest PB ratio of Tata Metaliks as of 31-Mar-2023 18:02 is 1.55
The 52-week high of Tata Metaliks is ₹ 921.8 and the 52-week low is ₹ 622.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Tata Metaliks is ₹ 3,142 ( Cr.) .

About Tata Metaliks Ltd

A subsidiary of Tata Steel, Tata Metaliks has its state-of-the-art manufacturing plant at Kharagpur, West Bengal, India which produces the finest quality of pig iron and ductile iron pipes in India. It produces hot metal using iron ore lumps, sinter, coke and fluxes, which are partly value-added into DIP for use in the water infrastructure industry and partly cast into PI for use in foundries. Its state-of-the-art manufacturing plant near Kharagpur, West Bengal, enjoys strategic locational advantage due to its proximity to iron ore mines in Odisha and Jharkhand, the Haldia port (for import of coal) and the PI and DIP markets of eastern India.

Business area of the company

Tata Metaliks is engaged in the manufacture of foundry grade pig iron. The Company manufactures and sells products, such as scrap pig iron and granulated slag. The Company offers a range of end-to-end technical services, which include charge mix and melting, molding and core making, spheroidal graphite (SG) iron production and development, project based consultancy, pollution control, customized training and testing facility. It also offers a range of by-products, such as slag, which includes manufacturing and supplying granulated blast furnace slag for cement plants; potted pig iron, which is used by foundries as scrap; pig iron scrap, which includes pig casting machine scrap, pig iron runner, pig iron skull and pig iron chips and plates, and iron sweepings, including low iron (Fe) and high Fe. Its products offer applications, such as pressure tight precision castings, rolling mill rolls, motor and generator housings, automobile engine blocks, crankshafts and gears.

Awards and Accolades

  • 1999-01: Won the Golden Peacock National Quality Award
  • 1999-01: Golden Peacock Innovative Management Award
  • 2002-03: Won the Golden Peacock Environment Management Quality Award and the TPM Award Category 1 (by JIPM)
  • 2003-04: Won the active promotion award by CII Exim Bank
  • 2005-06: TPM Consistency Award Category 1
  • 2007-08: Won the JRD QV Award on Business Excellence
  • 2016-17: Received the National Sustainability Award from Indian Institute of Metals
  • 2017-18: Received the ICC Corporate Governance and Sustainability Vision Awards, 2018
  • 2018-19: ‘Excellence in Corporate Social Responsibility in 2018’by the CII-ITC Centre of Excellence for Sustainable Development - 2018.
  • 2018-19: ‘Certificate of Recognition’ by the Institute of Company Secretaries of India (ICSI) for implementing sound Corporate Governance practices - 2018.
  • 2018-19: ‘Noteworthy Water Efficient Unit’ at the 4th Water Innovation Summit 2018 (Economic Growth and Human Development in context of Water Scarcity) and National Awards for Excellence in Water Management - 2018 by CII-Triveni.
  • 2019-20: Received Economic Times Corporate Award for Excellence in Business Performance.
  • 2019-20: Bagged 3rd prize in Confederation of Indian Industry (CII) National-Level Environmental Kaizen competition.
  • 2019-20: Received the Energy Conservation Award at the CII ENCON Awards 2019 with ‘4 Star Rating’ in the Large-Scale Category.

History and milestones

  • 1990-92: Incorporated as Tata Korf Metals West Bengal Limited
  • 1990-92: Plant construction commenced at Kharagpur
  • 1990-92: The Company’s name changed to Tata Metaliks
  • 1994: Plant commissioned with an initial capacity of 0.9 LTPA
  • 2005: Commissioned the 2nd Mini Blast Furnace (MBF) (installed capacity increased to 3.45 LTPA)
  • 2006: Bought PI plant at Redi, Maharashtra (installed capacity increased to 6.5 LTPA)
  • 2007: Entered into a joint venture with Kubota for DI pipe business
  • 2008: Amid global financial crisis, the Company booked significant mark-to-market losses in raw materials and finished goods
  • 2009: Commissioned DI pipe plant at Kharagpur (1 LTPA). However, there was delay in obtaining requisite approvals for commercial operation
  • 2011: Pig Iron plant at Redi, Maharashtra was shut down
  • 2013: DI pipe business became a wholly owned subsidiary of the Company
  • 2013: Commissioned Sinter Plant
  • 2014: Improved DI pipe production and optimised manufacturing process parameters
  • 2016-17: DI pipe business amalgamated with the Company
  • 2016-17: Increased DI pipe capacity from 1.3 LTPA to 1.8 LTPA
  • 2016-17: Installed coke plant (1.2 LTPA)
  • 2016-17: Commissioned a 10 MW captive power plant
  • 2016-17: Upgraded MBF#1
  • 2017-18: Coal injection project kicked-of
  • 2018-19: Commissioned Pulverised Coal Injection (PCI) plant to reduce prime coke consumption at Mini Blast Furnaces (MBFs)
  • 2018-19: Increased pig casting machine productivity by installing new design moulds
  • 2019-20: 3 Effluent Treatment Plant are installed for processing waste water recycling. Approximately 2300 cum/d waste water is being recycled back in the process
  • 2020-2021: Tata Metaliks shuts down one of blast furnaces & associated facilities in Kharagpur
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