Monday

03


January , 2022
Comparative analysis of Indian steel makers
00:07 am

Nandini Dasgupta


TATA STEEL LTD     

Established in 1907, Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tons per annum (approximately). It is among the lowest cost manufacturers of steel in the world. Its captive raw material resources and state-of-the-art plant at Jamshedpur, in Jharkhand, give it a competitive edge. It is the world's second most geographically diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries. Tata Steel's larger production facilities include those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. Operating companies within the group include Tata Steel Limited (India), Tata Steel Europe Limited (formerly Corus), NatSteel, and Tata Steel Thailand (formerly Millennium Steel).

 

JSW STEEL LTD 

   

Founded in 1982, JSW Steel, the flagship company of the JSW Group, is the second largest private sector steel manufacturer in terms of installed capacity in India, having plants in four manufacturing locations. JSW Steel is also one of the lowest cost steel producers in the world. It established a strong presence in the global value-added steel segment with the acquisition of a steel mill in the US and a service centre in the UK. The company recently acquired a majority stake in Ispat Industries Ltd, enabling it to become the largest steel producer in India. Subsequently, it decided to merge its loss-making subsidiary JSW Ispat to achieve better operational synergy and bring down cost.

 

STEEL AUTHORITY OF INDIA LIMITED

Steel Authority of India Limited is a government owned steel producer based in New Delhi. It is under the ownership of Ministry of SteelGovernment of India with an annual turnover of `68,452 Crore (approximately) for fiscal year 2020–21. Included in the year 1973, SAIL has a huge employee count. With an annual production of 16.30 million metric tons (approximately), SAIL is the 20th largest steel manufacturer in the world and the largest in India.  SAIL functions and owns five included steel plants at BhilaiRourkelaDurgapurBokaro and Burnpur (Asansol) and three special steel plants at SalemDurgapur and Bhadravathi. It also owns a Ferro Alloy plant at Chandrapur. According to a current study, the company is one of India's fastest growing public sector units with an R&D Centre for Iron & Steel and Centre for Engineering in Ranchi, Jharkhand.

 

 

 

 

 

 

 

 

CURRENT COMPANY VALUATIONS - SNAPSHOTS

CURRENT VALUATIONS AS ON 24TH DEC 2021

TATA STEEL

JSW STEEL

SAIL

CMP

1115

651

108

52 WEEK H / L

1534 / 596

776 / 356

151 / 54

FV

10

1

10

BV

628

191

110

EARNINGS PER SHARE TRAILING 12 MONTHS

255

83

32

MKT CAP (CR)

136,273

157,312

44,940

SECTOR PE

13

13

13

PE TRAILING 12 MONTHS 

4

8

3

P/BV

2

3

1

DIVIDEND YIELD (%)

2.24

1.00

NA

 

 

 

 

 

SHAREHOLDING PATTERN IN (%)

SHAREHOLDERS  ( SEPT 2021)

TATA STEEL LTD 

JSW STEEL LTD

SAIL

PROMOTERS

34

44

65

PLEDGED

1.55

14

NA

FII/FPI

22

12

05

TOTAL DII

18

08

13

PUBLIC

25

35

17

 

COMPARATIVE KEY FINANCIAL RATIOS

RATIOS ( MARCH 2021)

TATA STEEL LTD

JSW STEEL LTD

SAIL

BASIC EPS (RS.)

117

35

9.32

RETURN ON CAPITAL EMPLOYED (%)

14

17

14

TOTAL DEBT / EQUITY RATIO

0.30

0.87

0.82

 

 

INCOME FACTS

PARTICULARS ( MARCH 2021 )

TATA STEEL LTD

JSW STEEL LTD

SAIL

EQUITY SHARE CAPITAL

1199

302

4130

RESERVE AND SURPLUS

89,289

46,675

39,364

TOTAL CURRENT LIABILITIES

29,313

37,040

46,488

TOTAL ASSETS

165,035

133,232

117,159

TOTAL INCOME  FROM OPERATIONS

( DEC 2020 )

43,666

46,329

45,824

NET SALES ( DEC 2020 )

42,926

45,465

45,824

NET PROFIT ( DEC 2020 )

7,013

4,375

406

 

 

 

OTHER VARIABLES

PARTICULAR

TATA STEEL LTD

JSW STEEL LTD

SAIL

ACTUAL PRODUCTION

·       12.19mt FY21

·       15.08mt FY21

·                15.215mtFY21

PRODUCT PIX

·       Automotive Steels

·       Galvano

·       TATA AGRICO | Agriculture, Construction & Hand Tools

·       Tata Astrum

·       Tata Bearings

·       Tata Steel Industrial By-Products Management Division (IBMD)

·       Tata Pipes

·       Tata Precision Tubes

·       Raw Materials And Responsible Mining

·       Tata Shaktee

·       Tata Steelium

·       Tata Structura

·       Tata Tiscon

·       Tata Wiron

·       GalvaRoS

·       Colornova

·       Galvanova

 

 

 

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