Tata Steel is one of the largest steel manufacturers in the world and works in many countries. Metal companies’ stocks are very volatile; from time to time, supply and demand increase or decrease, affecting stock price and revenue. Currently, brokers and analysts are bullish which can increase Tata Steel’s share price target for 2024, 2025, and 2026.
Certain conditions in the world, geo-polity tensions, etc. can affect the metal stock price badly. In August 2021, the Tata Steel stock price also crashed by 50% in just a few months. It has almost taken 2 years to reach the stock price at the previous level or all-time high.
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About Tata Steel Limited
Tata Steel Limited company was founded in 1907 and it is involved in the business of steel manufacturing. Currently, Tata Steel is one of the largest steel manufacturers and suppliers in the world and works in many countries.
Tata Steel has a manufacturing capacity of 21.6 million tons per year. Tata Steel produces various steel products and supplies them all over the world. Some popular Tata Steel’s products are-
- Mining & Minerals: Supply RAW material for Steel production.
- Long Products: These products are used in the construction and infrastructure.
- Pipes & Tubes: Use for multiple purposes like construction, oil & gas, and automotive industries.
- Coated Products: Coated products are used in the roofing, white goods, and automotive industries.
- Cold Rolled Products: Cold rolled products are used in appliance, furniture, and automotive industries.
- Hot Rolled Products: These products are used in the automotive, construction, and shipbuilding industries.
Many other products are widely used for multiple purposes and in many industries and sectors. Tata Steel manufactures these products and supplies them to many countries.
Tata Steel’s Scrip Info
| NSE | TATASTEEL |
| BSE | 500470 |
| ISIN | INE081A01020 |
| SECTOR | STEEL |
Company Analysis
Below you’ll find Tata Steel Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹525 |
| Sep 2023 | -₹6,511 |
| Dec 2023 | ₹522 |
| Mar 2024 | ₹555 |
| Jun 2024 | ₹919 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹1,174 |
| Mar 2021 | ₹8,190 |
| Mar 2022 | ₹41,749 |
| Mar 2023 | ₹8,075 |
| Mar 2024 | -₹4,910 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,89,500Cr | ROE | -2.08% |
| P/E Ratio (TTM) | -46.14 | EPS (TTM) | -3.29 |
| P/B Ratio | 2.10 | Div. Yield | 2.37% |
| Industry PE | 23.20 | Book Value | 72.44 |
| Debt to Equity | 0.95 | Face Value | 1 |
| Held By | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| FIIs | 20.01% | 19.61% | 20.32% |
| DIIs | 23.15% | 23.51% | 23.52% |
| Public | 22.99% | 23.52% | 22.96% |
| Promoters | 33.70% | 33.19% | 33.19% |
| Other Holders | 0.16% | 0.16% | 0.01% |
Key Insights
Key Insights includes positive and negative information about the company’s business model, analysts’ ratings, fundamentals, financials, and more. Kindly cross-check the information from your side too for extra confirmation.
- Debt on the company is low.
- Stock is near its 52-week high.
- No share pledge by the promoters.
- The PE Ratio of the stock is very low (PE <= 10).
- The quarterly net profit of Tata Steel Ltd is not stable.
- In the yearly, net profit there are earning improvements.
- Tata Steel Ltd is not growing above the industry median.
- Promoters are decreasing their holding over the quarters.
- FIIs are increasing their holdings slowly in the March 2024 quarter it was 19.61% but now it is 20.32% only. On the other side, DIIs are increasing their positions.
Quarterly Result – June 2024
- FIIs are increasing shareholding.
- Sales: In the Jun 2024 quarter the company’s sales decreased. In the March 2024 quarter, the sales were around 58,687 and in June 2024 crore the sales were 54,771.
- Net Profit&Loss: In the March 2024 quarter, the net profit of the Tata Steel company was approx Rs. 555 Crore. In the June 2024 quarter, the net profit is Rs. 919 Crore.
- EPS (Earning per Share): Earnings per share of Tata Steel Ltd increased by Rs. 0.28 as the previous EPS was Rs. 0.49.
Tata Steel Share Price Target
As of August 2024, it is a good time to invest in the stock to generate returns quickly. For the short term to medium term, analysts are bullish and many analysts and broking firms gave buy indication for the stock. In a few words, experts are bullish on the Tata Steel share price target for 2024, 2025, and 2026, and other metal stocks.
The Tata Steel stock has been very bullish since June 2022 after its quarterly results. From June 2022 to May 2024 the Tata Steel stock gave more than 100% return. It is a huge return as it is a large-cap company because expecting this type of massive return is very rare.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹190 | ₹200 |
| 2025 | ₹210 | ₹225 |
| 2026 | ₹280 | ₹300 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Tata Steel Share Price Target 2024
As of 10 August 2024, the Tata Steel stock has been falling for the last few weeks and it looks like the stock can fall further for the next few weeks or go up from this level as it is a strong support.
In January the broker’s rating was neutral on the Tata Steel stock for the short term but in the current quarter, it is changed to buy, brokers and analysts are bullish on the stock for the short term.
As of the current time, Tata Steel stock is very bullish, and more than 80% of analysts are bullish some are suggesting to hold and very few analysts are suggesting to sell it. In 2024, you can expect a Tata Steel share price target from Rs. 190 to Rs. 200.
Tata Steel Share Price Target 2025
For the long term, Tata Steel is one of the good stocks, but as we already mentioned, metal stocks like steel, and more. are very volatile because of the supply and demand.
If the demand for steel decreases for a few quarters then we can see a massive crash in the metal stock. In 2018 and 2021 the Tata Steel stock cashed more than 50% very rapidly.
You can invest in the stock when you understand the steel sector and have the knowledge and experience to predict the problems in supply and demand.
Tata Steel’s share price target for 2025 is Rs. 210 to Rs. 225. This target can be achieved very easily if the demand for steel and steel products increases.
Tata Steel Share Price Target 2026
For the long term, like 5 to 6 years, steel production will increase rapidly. According to some data, Steel production is estimated to reach 210MT by 2030, approximately 40% to 45% more than the total steel produced in 2023.
This data suggests a huge demand in the future as many countries are in the development phase and for the development steel is one of the major materials required.
If by 2023, the Steel production reaches the estimated data then we will see a massive return from the stocks like Tata Steel, JSW Steel, etc. You may see Tata Steel’s share price target of Rs. 280 to Rs. 300 by 2026. It is just a prediction as if the demand decreases or any other events occur then it will be invalid.
Tata Steel Share Price Forecast
More than 80% of analysts are bullish on Tata Steel stock. i.e. most analysts are bullish on the stock which can help investors generate more returns from the stock.
Based on the share price forecast below is the Tata Price target for 1 year i.e. 2024.
- Minimum Expected Target: Rs. 115 (low)
- Average Expected Target: Rs. 150 (mean)
- Maximum Expected Target: Rs. 200 (high)
Below are the Tata Steel share price targets given by some brokers in their research paper.
On 02 August 2024, Prabhudas Lilladher was given a share price target of Rs. 175, and ICICI Securities was given a target price of Rs. 200.
FAQs
Tata Steel is the India’s largest steel producer in the world. Tata Steel Ltd has a manufacturing capacity of 21.6 million tons per year. Most probably the manufacturing capacity will keep increasing over the years as in the future the demand will also increase.
In the December quarter, most brokers areas neutral on the Tata Steel stock. On 25 Jan 2024, Motilal Oswal rated the stock “neutral” with a target of Rs. 130.
On 26 Jan 2024, Prabhudas Lilladher rated the Tata Steel stock “accumulate” with a target of Rs. 137.
All the given targets were achieved in just a few weeks and as of now, the stock is trading at a very high level.
The March 2024, quarter results are ready to be announced, and let’s see how the Tata Steel company grows at this time.
Tata Steel’s share price target of 2024 can be very easily achieved as the analysts are also bullish and technical analysis also suggests a strong buying in the stock.
In 2024, you can see the stock going from Rs. 190 to Rs. 200.
Final Words
Tata Steel Ltd is one of the major players in the steel sector in the world and the number 1 player in India. Currently, Tata Steel has a manufacturing capacity of 21.6 million tons yearly. In the long term, the steel demand will increase which lead Tata Steel’s share price target for 2024, 2025, and 2026 to go up and give returns to the investor.
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