Tata Steel Long Products Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
658.85 -90.00 (-12.02%)

DeciZen - Make an Informed Decision on Tata Steel Long Prod

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Tata Steel Long Prod Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
2,971.4 Cr.
52-wk low :
532
52-wk high :
993.6
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 Weak which suggest that the price of Tata Steel Long Products Ltd is likely to Fall 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

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 15.1%16.1%12.7%4.5%7.2%15.4%11.9%-6.6%17.5%7.2%-
Value Creation Index 0.10.2-0.1-0.7-0.50.1-0.2-1.50.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7967827905745578009923,4904,7506,8027,108
YoY Gr. Rt. %--1.7%1%-27.4%-2.8%43.6%24%251.8%36.1%43.2%-
Adj EPS 47.455.551.418.232.577.667-87.2130.2146.1-7.3
YoY Gr. Rt. %-17%-7.4%-64.6%79.1%138.5%-13.6%-230.1%NA12.2%-
BVPS (₹) 354.4400.5440.7457.7479.3546.6600.4447.1575.1709.6636.2
Adj Net Profit 85.610092.732.858.7140121-393587659-33
Cash Flow from Ops. 112101-16.277.121.741.1100-3361,6901,761-
Debt/CF from Ops. 0000000-7.90.87.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 26.9%64.9%90%43.2%
Adj EPS 13.3%35%29.7%12.2%
BVPS 88.25.723.4
Share Price 9.6% -1.6% 17.1% -23.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 14.214.712.246.915.111.7-25.425.522.7-1.1
Op. Profit Mgn % 15.118.412.74.411.122.814.84.923.717.78.3
Net Profit Mgn % 10.812.811.75.710.517.512.2-11.312.49.7-0.5
Debt to Equity 00000001.30.54.2-
Working Cap Days 3123623032331762673471501381120
Cash Conv. Cycle 14516207143017-28-500

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 89.97%

Net Profit is growing at healthy rate in last 3 years 29.68%

Sales growth is good in last 4 quarters at 23.88%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 4.18

Latest Financials - Tata Steel Long Products Ltd.

Standalone Consolidated
TTM EPS (₹) -7.3 229.5
TTM Sales (₹ Cr.) 7,108 5,784
BVPS (₹.) 636.2 648.7
Reserves (₹ Cr.) 2,824 2,881
P/BV 1.04 1.02
PE 0.00 2.87
From the Market
52 Week Low / High (₹) 532.00 / 993.55
All Time Low / High (₹) 8.06 / 1174.55
Market Cap (₹ Cr.) 2,971
Equity (₹ Cr.) 45.1
Face Value (₹) 10
Industry PE 3.8

Management X-Ray of Tata Steel Long Prod :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* 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 (%)

News

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. Today TSIL is associate company of Tata Steel.

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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