Tata Steel, India’s leading steel producer, has extensive operations in 22 nations, including the United Kingdom, the Netherlands, and Thailand. One of the top ten producers of the product, the Tata Group subsidiary can produce 35 million tonnes of steel annually on a global scale. In this in-depth essay, we will examine TATASTEEL’s share price target for 2024, 2025, 2026, and up to 2030.
Tata Steel Share Price Target 2024-2030
Target Share Price of Tata Steel Ltd. Tata Steel Ltd. is listed as a company on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). In 1907, Tata Steel Ltd. was established. The company is in charge of all of the processes used in the steel production industry, including iron ore mining, coal mining, iron ore processing, and producing finished goods for distribution to customers worldwide.
Tata Steel Share Price Target Today Update
When investing in shares, well-informed decisions must be made based solely on extensive research and professional evaluation. You are in the right place if you are thinking about Tata Steel shares. The Tata Steel Share Price Target from 2024 to 2030 will be the focus of this blog. In order to give you the information you need to make an informed investment decision, our evaluation is entirely centered on the company’s expansion, typical simple performance, and potential future opportunities.
What Is Tata Steel Limited?
One of the world’s largest steel production groups is Tata Steel Limited, which is part of the Tata Group. Tata Steel, which was founded in 1907, has a global presence with operations in more than 50 countries and business locations in more than 35 countries.
Risks to Consider Investing in Tata Steel Shares
The Indian stock market’s share price targets for Tata Steel could be affected by a number of significant factors. The vulnerability of commodity prices in the market as a result of geopolitical tensions, weather, government decisions, and supply and demand imbalances is one of them. China, an autocratically ruled nation, is the world’s largest producer and consumer of steel and has the power to significantly alter the global market.
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Strategies for Investing in Tata Steel Shares
Tata Steel is India’s top steel producer and one of the top ten largest steel producers worldwide. Tata Steel’s long-term share price target is anticipated to continue its upward trajectory in light of the robust financial trends and steady stock performance over the past five years. The fact that Tata Steel’s Europe business is in transition while the company strengthens its foothold in India is reflected in the company’s share price target.
Tata Steel Business Profile
Galvanized steel long, such as in wire rods, rebar, ferroalloys, tubes, bearings, and wires, and flat, such as hot rolled coils and cold rolled coils, are among the company’s products. Agriculture, automotive, construction, consumer goods, power generation, engineering, material handling, and other product segments are all included.
- Market Position: This company’s share of the Alloy Wire Rod market increased to 20% during fiscal year twenty-one, up from 12% in fiscal year twenty. This was primarily due to their dominance over commercial vehicles, which gives them 38% of the market share, which also led to an increase in their stake in the local automotive sector from 12% in the previous fiscal year to 15% during the same time period.
- Network: Over 20,400 dealers and over 250 distributors make up the company’s extensive distribution network. Vehicle tracking systems (VTSs) are in place in approximately 95% of India’s districts and cover the entire fleet. In FY22, the business produced approximately 672000 tonnes of rolled products, 684000 tonnes of crude steel, and 839000 tonnes of Direct Reduced Iron (DRI).
- Operations: Vertically integrated operations include captive power plants, captive iron ore mines, underdeveloped coal mines, sinter, pellet, sponge iron kiln, blast furnace, electric arc furnace, wire rod/bar mills, and captive power plants.
- Contract: As part of a joint venture, Tata Steel Limited (LL) and the government of the United Kingdom have decided to invest in the Electric Arc Furnace (EAF) steelmaking at the Port Talbot site. The joint venture’s total capital requirement is £1.25 billion, with Tata Steel Limited sourcing the remaining £725 million.
Tata Steel Fundamentals & Quarterly Results
| Metric | Value |
| Market Cap | ₹ 2,24,629 Cr. |
| Current Price | ₹ 180 |
| High / Low | ₹ 185 / 108 |
| Stock P/E | |
| Book Value | ₹ 73.7 |
| Dividend Yield | 2.00 % |
| ROCE | 7.67 % |
| ROE | -2.21 % |
| Face Value | ₹ 1.00 |
| Debt to equity | 0.95 |
| Debt Capacity | 0.10 |
| Debt preceding year | ₹ 84,893 Cr. |
| Debt | ₹ 87,082 Cr. |
| Reserves | ₹ 90,788 Cr. |
| EPS | ₹ -3.55 |
| EPS last year | ₹ -3.55 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 7,868 Cr. |
| EVEBITDA | 12.6 |
| Industry PE | 17.9 |
| PEG Ratio | |
| Piotroski score | 2.00 |
| Earnings yield | 4.68 % |
| Sales growth 5Years | 7.77 % |
Tata Steel Quarterly Results
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Sales | 69,324 | 63,430 | 59,878 | 57,084 | 62,962 | 59,490 | 55,682 | 55,312 | 58,687 |
| Expenses | 54,294 | 48,457 | 53,817 | 53,036 | 55,742 | 54,587 | 51,414 | 49,048 | 52,087 |
| Operating Profit | 15,030 | 14,973 | 6,060 | 4,048 | 7,219 | 4,903 | 4,268 | 6,264 | 6,601 |
| OPM % | 22% | 24% | 10% | 7% | 11% | 8% | 8% | 11% | 11% |
| Other Income | 177 | 388 | 412 | 491 | 277 | 1,190 | -6,568 | -33 | -382 |
| Interest | 1,099 | 1,218 | 1,519 | 1,768 | 1,794 | 1,825 | 1,959 | 1,881 | 1,842 |
| Depreciation | 2,243 | 2,237 | 2,348 | 2,368 | 2,382 | 2,412 | 2,480 | 2,422 | 2,568 |
| Profit before tax | 11,865 | 11,906 | 2,605 | 403 | 3,321 | 1,855 | -6,739 | 1,928 | 1,809 |
| Tax % | 17% | 35% | 50% | 721% | 53% | 72% | 3% | 73% | 69% |
| Net Profit | 9,835 | 7,714 | 1,297 | -2,502 | 1,566 | 525 | -6,511 | 522 | 555 |
| EPS in Rs | 7.99 | 6.36 | 1.24 | -1.82 | 1.39 | 0.52 | -5.07 | 0.42 | 0.49 |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM / 1 Year | |
| Compounded Sales Growth | 4% | 8% | 14% | -6% |
| Compounded Profit Growth | -127% | |||
| Stock Price CAGR | 14% | 29% | 17% | 64% |
| Return on Equity | 9% | 12% | 15% | -2% |
Tata Steel Shareholding Pattern
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Promoters | 31.35% | 33.21% | 33.12% | 34.41% | 34.41% | 33.92% | 33.90% | 33.19% |
| FIIs | 14.11% | 18.55% | 14.60% | 12.39% | 18.56% | 22.87% | 20.62% | 19.61% |
| DIIs | 30.62% | 26.66% | 29.06% | 29.66% | 25.16% | 20.41% | 20.68% | 23.51% |
| Government | 0.01% | 0.07% | 0.11% | 0.22% | 0.25% | 0.10% | 0.16% | 0.16% |
| Public | 23.91% | 21.51% | 23.11% | 23.32% | 21.62% | 22.70% | 24.63% | 23.52% |
| No. of Shareholders | 8,44,429 | 7,81,392 | 8,09,578 | 8,96,919 | 8,73,198 | 15,87,315 | 36,44,090 | 47,17,442 |
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Tata Steel Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-End Target |
| 2024 | ₹154.16 | ₹172.35 | ₹183.27 |
| 2025 | ₹187 | ₹177 | ₹211 |
| 2026 | ₹215 | ₹202 | ₹242 |
| 2027 | ₹247 | ₹232 | ₹276 |
| 2028 | ₹282 | ₹266 | ₹318 |
| 2029 | ₹324 | ₹305 | ₹364 |
| 2030 | ₹371 | ₹349 | ₹417 |
Tata Steel Share Price Target 2025
| Month | Target |
| January | ₹187 |
| February | ₹191 |
| March | ₹195 |
| April | ₹189 |
| May | ₹183 |
| June | ₹177 |
| July | ₹184 |
| August | ₹191 |
| September | ₹199 |
| October | ₹203 |
| November | ₹207 |
| December | ₹211 |
Tata Steel Share Price Target 2026
| Month | Target |
| January | ₹215 |
| February | ₹219 |
| March | ₹223 |
| April | ₹216 |
| May | ₹209 |
| June | ₹202 |
| July | ₹210 |
| August | ₹218 |
| September | ₹227 |
| October | ₹232 |
| November | ₹237 |
| December | ₹242 |
Tata Steel Share Price Target 2027
| Month | Target |
| January | ₹247 |
| February | ₹252 |
| March | ₹257 |
| April | ₹248 |
| May | ₹240 |
| June | ₹232 |
| July | ₹241 |
| August | ₹251 |
| September | ₹261 |
| October | ₹266 |
| November | ₹271 |
| December | ₹276 |
Tata Steel Share Price Target 2028
| Month | Target |
| January | ₹282 |
| February | ₹288 |
| March | ₹294 |
| April | ₹284 |
| May | ₹275 |
| June | ₹266 |
| July | ₹277 |
| August | ₹288 |
| September | ₹300 |
| October | ₹306 |
| November | ₹312 |
| December | ₹318 |
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Tata Steel Share Price Target 2029
| Month | Target |
| January | ₹324 |
| February | ₹330 |
| March | ₹337 |
| April | ₹326 |
| May | ₹315 |
| June | ₹305 |
| July | ₹317 |
| August | ₹330 |
| September | ₹343 |
| October | ₹350 |
| November | ₹357 |
| December | ₹364 |
Tata Steel Share Price Target 2030
| Month | Target |
| January | ₹371 |
| February | ₹378 |
| March | ₹386 |
| April | ₹373 |
| May | ₹361 |
| June | ₹349 |
| July | ₹363 |
| August | ₹378 |
| September | ₹393 |
| October | ₹401 |
| November | ₹409 |
| December | ₹417 |
Final Words
Tata Steel is one of the world’s second-largest steel manufacturing companies and is a subsidiary of the most prestigious Tata Group. Tata Steel, a significant player in this sector, is effectively capitalizing on the market demand for steel as a result of the steady rise in demand over the past few years. Therefore, we are conducting a financial and technical analysis of Tata Steel using price action and the company’s previous performance. On the basis of this analysis, we are forecasting a long-term target price for Tata Steel shares.
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