AgenciesMotilal Oswal has neutral call on with a target price of Rs 708. The current market price of Tata Steel Ltd. is Rs 693.3.
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 83048.64 Crore) operating in Metals - Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 38805.91 Crore, up 4.45 % from last quarter Sales of Rs 37153.99 Crore and up 11.59 % from last year same quarter Sales of Rs 34774.29 Crore Company reported net profit after tax of Rs 3922.56 Crore in latest quarter.
Investment Rationale
The brokerage estimates 4QFY21 EBITDA to be even stronger at INR132b (+40% QoQ), with standalone EBITDA/t of INR25,780/t (the highest in 12 years). Spot steel spreads have, however, declined in the past month, and it expects further moderation on softening prices. Moreover, a structural solution for the Europe business remains elusive
Promoter/FII Holdings
Promoters held 34.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.9 per cent, DIIs 26.1 per cent and public and others 22.6 per cent.
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 83048.64 Crore) operating in Metals - Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 38805.91 Crore, up 4.45 % from last quarter Sales of Rs 37153.99 Crore and up 11.59 % from last year same quarter Sales of Rs 34774.29 Crore Company reported net profit after tax of Rs 3922.56 Crore in latest quarter.
Investment Rationale
The brokerage estimates 4QFY21 EBITDA to be even stronger at INR132b (+40% QoQ), with standalone EBITDA/t of INR25,780/t (the highest in 12 years). Spot steel spreads have, however, declined in the past month, and it expects further moderation on softening prices. Moreover, a structural solution for the Europe business remains elusive
Promoter/FII Holdings
Promoters held 34.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.9 per cent, DIIs 26.1 per cent and public and others 22.6 per cent.
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