Tata Steel Long Products Ltd Stock Analysis

BSE: 513010 | NSE: TATASTLLP | Steel/Sponge Iron/Pig Iron | Small Cap

BSE Share Price 29-Sep-2023 16:55
819.70 19.90 (2.49%)

DeciZen - Make an Informed Decision on Tata Steel Long Prod

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Tata Steel Long Prod Price Chart

P/E Ratio (SA):
Market Cap:
3,607.1 Cr.
52-wk low:
52-wk high:
Bole Toh?

1. Is Tata Steel Long Products Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tata Steel Long Products Ltd is a average quality company.

2. Is Tata Steel Long Products Ltd undervalued or overvalued?

The key valuation ratios of Tata Steel Long Products Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Tata Steel Long Products Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Steel Long Products 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 Steel Long Prod:

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 Steel Long Products Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 16.1%12.7%4.5%7.2%15.4%11.9%-6.6%17.5%7.2%-1.2%-
Value Creation Index 0.2-0.1-0.7-0.50.1-0.2-1.50.3-0.5-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7827905745578009923,4904,7506,8027,4647,379
YoY Gr. Rt. %-1%-27.4%-2.8%43.6%24%251.8%36.1%43.2%9.7%-
Adj EPS 55.551.418.232.577.667-87.2130.2146.1-258-175.4
YoY Gr. Rt. %--7.4%-64.6%79.1%138.5%-13.6%-230.1%NA12.2%-276.6%-
BVPS (₹) 400.5440.7457.7479.3546.6600.4447.1575.1709.6456.6448.5
Adj Net Profit 10092.732.858.7140121-393587659-1,163-791
Cash Flow from Ops. 101-,6901,761-270-
Debt/CF from Ops. 000000-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 28.5%56.3%28.8%9.7%
Adj EPS -218.6%-227.2%NA-276.6%
Share Price 13.6% 3.4% 36.7% 36.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 14.712.246.915.111.7-25.425.522.7-44.2-38.8
Op. Profit Mgn % 18.412.74.411.122.814.84.923.717.71.23.9
Net Profit Mgn % 12.811.75.710.517.512.2-11.312.49.7-15.6-10.7
Debt to Equity 0000001.
Working Cap Days 3623032331762673471491381121230
Cash Conv. Cycle 516207143017-28-50-380

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.84%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 7.12

Sales growth is not so good in last 4 quarters at 4.38%

Latest Financials - Tata Steel Long Products Ltd.

Standalone Consolidated
TTM EPS (₹) -175.4 -478.2
TTM Sales (₹ Cr.) 7,379 10,566
BVPS (₹.) 448.5 156.1
Reserves (₹ Cr.) 1,978 659
P/BV 1.78 5.15
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 593.30 / 861.25
All Time Low / High (₹) 8.06 / 1174.55
Market Cap (₹ Cr.) 3,607
Equity (₹ Cr.) 45.1
Face Value (₹) 10
Industry PE 26.4

Management X-Ray of Tata Steel Long Prod :

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 Steel Long Prod

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


Tata Steel Long Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tata Steel Long Prod on 29-Sep-2023 16:55 is : 819.7.
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 29-Sep-2023 16:55 the market cap of Tata Steel Long Prod stood at ₹ 3,607.1.
The latest PE ratio of Tata Steel Long Prod as of 29-Sep-2023 16:55 is 0.00.
The latest PB ratio of Tata Steel Long Prod as of 29-Sep-2023 16:55 is 1.78
The 52-week high of Tata Steel Long Prod is ₹ 861.2 and the 52-week low is ₹ 593.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Tata Steel Long Prod is ₹ 7,379 ( Cr.) .

About Tata Steel Long Products Ltd

Tata Sponge Iron (TSIL) was incorporated in 1982 as joint venture between Tata Steel and the Industrial Promotion and Investment Corporation of Orissa (IPICOL). Later in 1991, Tata Steel acquired IPICOL’s stake in joint venture. Tata Sponge, which has its manufacturing facility at Bilaipada (in Joda Block of Keonjhar District in Orissa), was initially set up  in the name of Ipitata Sponge Iron Limited. It has moved on since, becoming an associate company of Tata Steel following the former’s acquisition of IPICOL’s stake in 1991. The name of the Company has been changed to Tata Sponge Iron Limited w.e.f 24th September, 1996. Subsequently, w.e.f. 28th August, 2012, Tata Sponge Iron Limited became the subsidiary of Tata Steel Limited.

The company is engaged in business of manufacturing high-grade sponge iron that is consistent in quality.  The company has an annual manufacturing capacity of 390,000 tonnes of sponge iron from its three kilns. Its production plant is situated at Bilaipada in Orissa.

For production of sponge iron, the raw material required is iron ore, non-coking coal and dolomite. To meet the raw material requirement, the company has iron ore reserves located in the northern part of Orissa. It acquires coal from the collieries of Central Coalfields, South Eastern Coalfields and Mahanadi Coalfields and dolomite is acquired from Tata Steel's Gomardih dolomite quarry.

The company also operates a modern R&D facility that is set up along with a chemical laboratory to conduct the monitoring process. This R& D facility introduced Tisco Direct Reduction (TDR) -- an innovative technology for making sponge iron.

TSIL's manufacturing facilities have been accredited with ISO-9002 and ISO 14000 certifications for its quality management.

Tata Sponge Iron operates two captive power plants that produce a total capacity of 26 MW of power.

Awards and Recognition

Tata Sponge Iron was awarded Certificate of Appreciation by The Energy and Resources Institute (TERI) for company’s efforts towards environmental management and innovative initiatives.

The company received Greentech Environment Excellence Gold Award for the year 2006-07 by Greentech Foundation in recognition of company’s initiatives in conserving the environment.

The company received “Golden Peacock National Quality Award - 2007”.

Earth Care Award 2008 for the company’s relentless pursuits towards Greenhouse gas, mitigation and combating climate change, conferred by JSW and Times of India with technical support from The Energy Research Institute (TERI) and Centre of Environment Education (CEE), on 22nd April 2008.

Golden Peacock National Quality Award from Institute of Directors (awarded in January 2008)

In 2010, Tata Sponge wins Green India Award for Environment Excellence

Tata Steel (Parent Company)

Tata Sponge Iron is part of the Tata Steel Group of companies, which owns a wide spectrum of companies engaged in the business of steel and steel related manufacturing. It owns companies namely Corus, Tinplate Company of India, Tayo Rolls, Tata Ryerson, Tata Refractories, Tata Metaliks, Tata Pigments, Jamshedpur Injection Powder, TM International Logistics, Metal Junction Services, TRF , The Indian Steel and Wire Products and many more.

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