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Tata Steel Share price, NSE/BSE Forecast News and Quotes| Equitymaster

Jun 18, 2021 | Updated on Jun 18, 2021

Tata Steel: Get the latest Tata Steel Share price and stock price updates, live NSE/BSE share price, share market reports, financial report, balance sheet, price charts, financial forecast news and quotes only at Equitymaster.com.

Tisco: Beating expectations

Oct 29, 2004

India’s most efficient steel producer, Tisco, reported its 2QFY05 results today. The results outperformed our expectations by recording a topline and bottomline growth of 43% and 131% respectively. Continued strength in steel prices has helped the company put up this feat. Post this performance by the company we will need to revise upwards our FY05 and onward estimates.

Tisco - Natsteel in the pocket

Aug 16, 2004

Tisco has announced the acquisition of Singapore's NatSteel's steel business subject to regulatory approvals and that of the board members of the latter. The enterprise value of the acquisition is S$ 486.4 m (Rs 13.1 bn). Just to put the acquisition cost in perspective, the amount is equivalent to 1/3rd of the NatSteel’s steel business turnover of 2003 (excluding inter-segment sales) and over 13 times its steel business profits. Under the terms of the agreement the enterprise value is subject to

“Steel prices will remain on an average at about US$ 300-330…”

Feb 26, 2004

In an interview with Equitymaster, Mr. Nandrajog shared his views on the steel sector and Tisco’s strategies in general.

Steel: Not without reason

Nov 17, 2003

One sector that has outperformed the benchmark indices by a huge margin in the current rally has been the steel sector. Steel stocks, of the likes of Tisco, Sail, Jindal Iron & Steel (Jisco) and Ispat Industries, have been significantly in favour on the bourses during FY04. The rally in steel stocks continued during the second quarter of the current fiscal also. But all this is not without reason!

Tisco: ‘Steel’ing the show

Oct 30, 2003

Tisco, India’s largest private sector steel company has reported a robust growth in topline as well as bottomline for the second quarter ended September 2003. While the topline has grown by 26%, the bottomline has more than doubled (up 101%). Operating margins that currently rest at 29%, have also showed a good improvement of 260 basis points. The 1HFY04 performance of the company has been even more impressive with topline and bottomline growth of 27% and 153% respectively. Operating margins dur

Gujarat Ambuja Vs Tisco Vs Hindalco

Oct 10, 2003

The current rally in the stock markets is just refusing to let steam with buying interest being witnessed across almost all the sectors. This time around, stocks from the old economy sectors such as cement, steel and aluminium are also generating a good amount of interest. Against this backdrop, let us cast a glance at three of the best commodity sector companies viz. Gujarat Ambuja, Tisco and Hindalco and see how do they compare against each other.

Where are steel stocks headed?

Aug 20, 2003

Down! This is what we believe will happen. We feel that the steel story (read steel stocks) is on the verge of dying and it is only a matter of time before steel stocks change into reverse gear. As is known to everyone, steel stocks have registered astounding gains over the last 18-20 months on the back of strong steel demand combined with higher prices. Just to put things in perspective, while Tisco has gained % since January 1, 2002, its peer SAIL has gained % in the same period. Let us not di

TISCO: Splendid performance continues

Jul 23, 2003

TISCO, the largest domestic private sector steel company, has reported a robust growth in topline as well as in its bottomline in the June quarter of FY04. TISCO's topline has grown by 28% while its bottomline has grown by a significant 316%. What is commendable about the performance is that the operating margins have also shot up by 1,020 basis points to 29.9%. It must be noted here that the company has regrouped and reclassified figures for the previous period to conform to the classification

Tisco: Beating the cycle

Jun 19, 2003

One of the biggest concerns for any commodity industry is the cyclicality factor. The cycle can turn fortunes for the industry and its players. During a cyclical upturn, efficient industry players are able to reap bumper profits. However, when the cycle reverses gears, efficient players manage to outperform peers. Steel is one of such sectors, which behaves in a cyclical pattern and one company in this industry, which has been able to stand strong even in a downturn, is Tata Iron and Steel (Tisc

Tisco: FY03 analyst’s meet brief

Jun 3, 2003

India’s largest private steel major, Tata Iron and Steel (Tisco), announced its results on May 29, 2003. The results have been impressive to say the least. This could be attributed, primarily, to the rise in steel prices in FY03 apart from Tisco’s efforts at improving internal efficiencies and product mix. We take a look at the key takeaways of the analyst meet held by the company recently.

Tisco: Realisations led growth

May 29, 2003

India’s largest private sector steel major, Tata Iron and Steel Company Ltd. (Tisco), has announced its 4QFY03 and FY03 results. The company has managed to beat our expectations by registering a spectacular performance in, not only the March quarter, but also for the full year (FY03). The company has reported a robust topline growth in 4QFY03 of 39%, while its bottomline shot up by 283%. However, the commendable feat is the huge improvement in operating margins to 30% in 4QFY03 compared to 19% i

Steel: Tisco Vs Posco

Apr 3, 2003

The domestic steel sector has been in the news since the last one year owing to the spectacular performance shown by steel companies. Steel production and consumption worldwide have registered a 6% and 4% growth respectively. This growth was fuelled primarily by China whose consumption of finished steel increased by nearly 15% in 2002. The global turnaround in the steel sector also benefited the Indian steel sector immensely. While the domestic steel production registered a rise of almost 6% in

Steel: On higher grounds

Apr 2, 2003

If you happen to look at the top gainers list of the year in the equities market, you will find steel stocks in that list. In fact, the top gainer in FY03 among the BSE-30 stocks is Tata Steel (Tisco). The stock has gained 37% in the last one year. Similar is the story with all other steel stocks. Steel Authority of India (SAIL), Jindal Iron & Steel (JISCO), Essar Steel and Isapt Industries are the other stocks that have registered stupendous gains in the last 12 months. We look at why FY03 was

Steel: Price rise

Mar 7, 2003

Performance of the domestic steel companies has been spectacular in the last one year both in terms of financial performance and stock price movement. These companies have out performed the bourses by huge margins. Tisco, SAIL, Essar Steel, Jindal Iron & Steel and Ispat Industries are some of the stocks that have managed to outperform the Sensex in the current fiscal. In this article we look at one of the key reasons for the spectacular performance of these steel companies, the rise in steel pr

Tisco: Value proposition

Feb 21, 2003

Tata Iron and Steel Company Ltd. (Tisco), India’s premiere steel company, has been on a dream run in the last one year on the back of strong performance by the company. Apart from the primary cause of this run-up, which is improving steel prices, various initiatives taken by the company have also added to its healthy performance. Tisco’s strategy of moving up the value chain, initiatives branding its products and exploring newer markets (titanium) indicate the management’s drive to adding value.

Tisco: Write-off effect

Feb 10, 2003

Tisco's (Tata Steel) management has proposed to adjust the miscellaneous expenditure account to the extent not written off as on December 31, 2002 of upto Rs 15 bn of the net worth (to make it simpler) of the company as on March 31, 2002. We analyse the possible effect of such a restructuring.

Steel: Eyeing 2003

Jan 15, 2003

70%, 100% and 200%! These are the returns an investor could have made in 2002 by investing in Tata Iron and Steel (TISCO), Steel Authority of India (SAIL) and Essar Steel respectively. Compare this to the Sensex return of 3.5%. Here is a sector that has outperformed the index in a big way.

TISCO: Operational gains

Oct 30, 2002

TISCO, the largest private sector steel company, has reported a robust growth in topline as well as in its bottomline in the September quarter of FY03. TISCO's topline has grown by 16% while its bottomilne has grown by a significant 639%, but on a lower base. What is commendable about the performance is that the operating margins have shot up by 930 basis points to 26%.

Tisco: Focusing on value

Sep 13, 2002

Tata Steel (Tisco), India’s premier private sector steel company, has been undergoing a significant change over the last few months. The company, which is one of the lowest cost steel producers in the world, is now leveraging its cost structure by moving into value added products. The benefits of this coupled with higher price realizations are expected to bring in an unprecedented earnings growth for the company in FY03.


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