# Tata Steel share price today (Tata Steel Ltd, NSE: TATASTEEL)

> Tata Steel share price today: ₹176.50 at the NSE close on 3 November 2026, down 3.5% in a year. Tata Steel (NSE: TATASTEEL) is worth ₹2,19,810 crore, trades at a P/E of 18.6 and has closed between ₹167.11 and ₹216.84 over the past 52 weeks. > Tata Steel Ltd's earnings have grown faster than its share price. Earnings per share grew +215.7% in a year while the price moved −3.5%. TATASTEEL · Steel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/tata-steel-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹176.50 (−3.5% in a year)
- P/E: 18.6× (higher than 57% of the last 11 years)
- Revenue (Jun 2026): ₹60,794 Cr (+14.3% on a year ago)
- Profit (Jun 2026): ₹2,385 Cr (+18.8% on a year ago)
- Operating margin: 15.0% (+1.0 points on a year ago)
- ROCE: 13%, FY26
- ROIC: 8.3%, against a 12.0% cost of capital: −3.7 points

The main question: yearly earnings per share moved +215.7% while the share price moved −3.5%. ## What is the Tata Steel share price today? Tata Steel Ltd's share price was ₹176.50 at the close on 3 November 2026. It has been falling for 8 weeks. That is 5.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹167 and ₹217, and at that close it sat 19% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +645% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Tata Steel this quarter? Two changes stood out: profit up on a year earlier for 6 quarters in a row and revenue up on a year earlier for 4 quarters in a row. 1. Profit up on a year earlier for 6 quarters in a row In the June 2026 quarter profit was ₹2,385 crore, +18.8% on a year earlier. Why: Profit rose because India earned more from better steel prices and a richer product mix, which more than offset lower output. Next results: check whether India still earns more overall even though steel prices are set to fall. From the earnings call on 31 Jul 2026. 2. Revenue up on a year earlier for 4 quarters in a row In the June 2026 quarter revenue was ₹60,794 crore, +14.3% on a year earlier. Why: Revenue rose because the company sold more high value steel products in India, with automotive and specialty volumes at a record for a first quarter. Next results: check whether lower steel prices in India pull revenue down. From the earnings call on 31 Jul 2026. ## What are Tata Steel's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Tata Steel reported revenue of ₹60,794 crore, up 14.3% from ₹53,178 crore a year earlier, and a profit of ₹2,385 crore, up 18.8% from ₹2,007 crore. ### Tata Steel results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹60,794 crore | ₹53,178 crore | +14.3% |
| Profit | ₹2,385 crore | ₹2,007 crore | +18.8% |
| Earnings per share | ₹1.86 | ₹1.66 | +12.0% |
| Operating margin | 15.0% | 14.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Tata Steel's management discussed these results on a call held on 31 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Tata Steel share price history? Tata Steel closed at ₹176.50 on 3 November 2026, down 3.5% from ₹182.84 a year earlier (31 October 2025) and up 33.1% over five years. Its highest weekly close since February 2016 was ₹216.84 on 15 May 2026. ### Tata Steel share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹167.67 | +5.3% |
| 1 month ago · 1 Oct 2026 | ₹178.00 | −0.8% |
| 6 months ago · 30 Apr 2026 | ₹211.36 | −16.5% |
| 1 year ago · 31 Oct 2025 | ₹182.84 | −3.5% |
| 3 years ago · 3 Nov 2023 | ₹117.30 | +50.5% |
| 5 years ago · 4 Nov 2021 | ₹132.59 | +33.1% |
| 10 years ago · 4 Nov 2016 | ₹38.40 | +359.6% |
| Earliest and lowest weekly close in our records · 26 Feb 2016 | ₹23.68 | +645.4% |
| Highest weekly close since February 2016, also the 52-week high · 15 May 2026 | ₹216.84 | −18.6% |
| 52-week low (weekly close) · 5 Dec 2025 | ₹167.11 | +5.6% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Tata Steel? 3 Nov 2026: Tata Steel closed at ₹176.50, up 5.3% on the week and down 0.8% on the month. 31 Jul 2026: Tata Steel held its results call for April to June 2026. Management guided: Q2 India NSR about ₹1,500 per ton below Q1; India Q2 operating profit in rupee crores expected higher despite margin compression from additional volume. ### Earlier

- Results for April to June 2026: Revenue up 14.3% and profit up 18.8% on a year earlier. - 12 Jun 2026: ex-date for a dividend of ₹4 a share. ## What dividend does Tata Steel pay? Tata Steel paid ₹4 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 2.27% at the ₹176.50 close on 3 November 2026. The last was a dividend of ₹4 a share, ex-date 12 June 2026. ### Tata Steel dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 12 Jun 2026 | ₹4 | Dividend |
| 6 Jun 2025 | ₹3.60 | Dividend |
| 21 Jun 2024 | ₹3.60 | Dividend |
| 22 Jun 2023 | ₹3.60 | Dividend |
| 15 Jun 2022 | ₹51 | Dividend |
| 17 Jun 2021 | ₹25 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Tata Steel Ltd paid out 46% of its profit as dividends in FY26, and it paid a dividend in 9 of its last 13 reported years. 4 of those years show a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Tata Steel management say on the latest results call? On the call for April to June 2026, held on 31 July 2026, Tata Steel's management guided: Q2 India NSR about ₹1,500 per ton below Q1; India Q2 operating profit in rupee crores expected higher despite margin compression from additional volume. > “We will not move forward until we have clarity on many of these issues.”
> Koushik Chatterjee, on the call for April to June 2026

### What management guided

- UK Q2 prices expected up 70-80 pounds per ton on the previous quarter; second-half operating profit remains on course toward near break-even, potentially slipping to Q3 or Q4. - Netherlands Q2 prices guided up about 10 euros per ton and Q2 volumes and operating profit expected better than Q1, though below desired levels. - Q2 coking coal consumption cost about $184 per ton in India, with increases of about $5 per ton in India and $10 per ton in the Netherlands versus Q1. - The Netherlands DSP will run an extended 4-week trial from August 5; results are expected to support continued production permission, subject to regulatory approval. UK operations are planned to normalize by Q3 or Q4 after the fire. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/338-31-Jul-2026.pdf). (From the call for April to June 2026, 31 July 2026.)

## What to watch in Tata Steel's next results? When Tata Steel reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: India Q2 NSR to track about ₹1,500 per ton below Q1 while absolute India operating profit is expected to improve despite margin compression. - What to check (from the call)
- India Q2 NSR to track about ₹1,500 per ton below Q1 while absolute India operating profit is expected to improve despite margin compression. - UK Q2 pricing and spread expansion to track the 70-80 pounds per ton guide, with progress toward near break-even in Q3 or Q4. - Netherlands DSP trial from August 5, regulator feedback and Q2 volume and operating profit improvement after the prolonged shutdown. - Any regulatory clarity on the Netherlands DRI-EAF case, including the social license, policy support and return framework required before proceeding. ## Which stock lists is Tata Steel on? Tata Steel is on 4 of our India lists: Nifty 50 companies, 52 week high & low, Dividend stocks and Copper & metal stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 2.26](https://www.sectoralpha.in/dividend-stocks-india)
- [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is Tata Steel profitable? Tata Steel Ltd earned ₹2,385 Cr of net profit in the Jun 2026 quarter, +18.8% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹10,886 Cr. That is 3.9% of the quarter's revenue. The same quarter a year earlier earned ₹2,007 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹10,886 Cr (+243.0% on the year before). Why profit moved: revenue changed +14.3% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +327.6% and revenue +10.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Tata Steel make, and is it growing? Tata Steel Ltd reported ₹60,794 Cr of revenue in the Jun 2026 quarter, +14.3% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 8.6% a year on average. The last full year, FY26, came in at ₹2,32,140 Cr. The last four reported quarters add to ₹2,39,755 Cr. FY26 revenue was ₹2,32,140 Cr, +6.2% on the year before. Recent pace: the last four quarters grew +10.5% on average, against 8.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +10.5%, against +3.4% a year over the last 8 quarters (accelerating). ## How much of every ₹100 of sales does Tata Steel keep? Tata Steel Ltd's operating margin was 15.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −0.6% and 26.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.3 percentage points on the year while gross margin changed +0.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Tata Steel's profit turning into cash? Over the last 3 years, 361% of Tata Steel Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹35,064 Cr of operating cash against ₹10,886 Cr of profit. After ₹27,824 Cr of spending on assets, ₹7,240 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 361% of profit came in as cash: the cash cycle got 13 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building. ## Where does Tata Steel's cash go? Tata Steel Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 56 days in FY26, down from 69 days in FY21. It spent ₹62,829 Cr on assets over the last 3 years. Customers take 8 days to pay, and stock sits for 184 days on average. At FY26 sales of ₹2,32,140 Cr, each day of that cycle ties up about ₹636 Cr, so roughly ₹35,616 Cr is tied up in the business at any time. FY26: customers took 8 days to pay and stock sat for 184 days, about 6.1 months of sales sitting as stock, for a full cycle of 56 days, shorter than FY21's 69. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 184 days. Customers pay about 8 days after that. Suppliers are paid at 136 days. Together that makes the 56-day cycle. Spending on assets: ₹62,829 Cr over the last 3 years, against ₹32,258 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹28,497 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Tata Steel's P/E ratio, and how does it compare with its own history? Tata Steel Ltd's P/E is 18.6×, in the middle of its own history: higher than 57% of past readings. Its usual P/E (the middle reading) is 14.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹8.83. Why the multiple is where it is: over the past year earnings per share moved +215.7% while the price moved −3.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +5.9% a year; about −12.1% a year came from earnings growth and about +18.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Tata Steel business getting better or worse? Tata Steel Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +242.9% at its peak to +164.3%, but the business is still expanding, with ROCE rising at 8.6%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Tata Steel earn on its capital? Tata Steel Ltd earned a ROCE of 13% in FY26. That is up from a low of 1% in FY15. Its return on capital used (ROIC) is 3.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.7% net margin and 0.78× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.7% net margin × 0.78× asset turnover × 2.90× leverage (assets divided by equity) ≈ 10.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.3% − 12.0% = −3.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Tata Steel have too much debt? Tata Steel Ltd has total debt of ₹92,382 Cr against shareholder equity of ₹1,03,780 Cr as of Jun 2026, so its debt is 0.89× its equity. Year by year, that ratio went from 0.65 in FY22 to 0.89 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Tata Steel shareholding pattern? Domestic institutions raised their stake in Tata Steel Ltd by 4.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 27.5% of the company. Foreign institutions moved −1.5 points over the same period, to 17.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +4.8 points over 8 quarters, to 27.5%; Foreign institutions: −1.5 points over 8 quarters, to 17.7%; Promoters: −0.3 points over 8 quarters, to 32.9%. Why the owners changed: foreign institutions moved −1.5 points and domestic institutions +4.8 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Tata Steel from balance-sheet trouble? For Tata Steel Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Tata Steel rank in its industry? 42.3 out of 100, rank 6 of 10 in Steel, with 89% of the evidence available. Tata Steel Ltd scores 42.3 out of 100 against the 10 companies it is compared with in Steel, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19.1 + 12.6 + 10 + 0.6 = 42.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Tata Steel compared with? Tata Steel ranks 6 of 10 Steel companies on the 4-Factor Sector Score, with 42.3 out of 100. 1. [Manaksia Steels Ltd](https://www.sectoralpha.in/stocks/manaksia-steels-ltd) MANAKSTEEL · breaking out · Most evidence points up · 81% evidence 72.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 81.2% · Profit 100% · Operating margin change 5.1 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 10% · 100% evidence Valuation 15.9/20 · P/E 12.7× · PEG 0.33 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 53.7% · 1 year n/a · 25% evidence · 11 of 11 weeks ahead Exact sum: 28.6 + 15.3 + 15.9 + 12.5 = 72.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) MWL · leader · Evidence leans up · 100% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 8.8% · Profit 48.6% · Operating margin change 4 points · 100% evidence Capital efficiency 15.4/25 · ROCE 17.7% · Operating margin 11% · 100% evidence Valuation 12.2/20 · P/E 20× · PEG 1.04 · 100% evidence Relative strength 13.2/20 · Lead over its industry 4.1% · Lead over NIFTY 500 18.8% · 1 year 63.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.6 + 15.4 + 12.2 + 13.2 = 57.4 · What this means: Relative strength against the index is 18.8%, and revenue and profit growth are weak. 3. [JSW Steel Ltd](https://www.sectoralpha.in/stocks/jsw-steel-ltd) JSWSTEEL · turning · Evidence leans up · 75% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 14.1% · Profit 100% · Operating margin change 3 points · 95% evidence Capital efficiency 12.8/25 · ROCE 11% · Operating margin 19% · 76% evidence Valuation 9.8/20 · P/E 19.4× · PEG n/a · 15% evidence Relative strength 11.4/20 · Lead over its industry -8.1% · Lead over NIFTY 500 6.8% · 1 year 3.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 23 + 12.8 + 9.8 + 11.4 = 57 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) SAIL · losing its lead · Evidence leans up · 100% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 9.4% · Profit 100% · Operating margin change 4 points · 100% evidence Capital efficiency 9.4/25 · ROCE 7.9% · Operating margin 13% · 100% evidence Valuation 15.4/20 · P/E 11.1× · PEG 0.57 · 100% evidence Relative strength 6.9/20 · Lead over its industry -11.2% · Lead over NIFTY 500 2.4% · 1 year 17.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.8 + 9.4 + 15.4 + 6.9 = 54.5 · What this means: Earnings are strong; relative strength in its sector is -11.2% and the one-year return is 17.6%. 5. [Mukand Ltd](https://www.sectoralpha.in/stocks/mukand-ltd) MUKANDLTD · breaking out · Evidence leans up · 86% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 7.6% · Profit 100% · Operating margin change -3.7 points · 88% evidence Capital efficiency 4.7/25 · ROCE 4.4% · Operating margin 0.5% · 100% evidence Valuation 14.4/20 · P/E 3.2× · PEG n/a · 50% evidence Relative strength 14.1/20 · Lead over its industry -6.6% · Lead over NIFTY 500 8.2% · 1 year -0.6% · 100% evidence · 7 of 12 weeks ahead Exact sum: 18.8 + 4.7 + 14.4 + 14.1 = 52 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Tata Steel Ltd this page TATASTEEL · quiet · Evidence leans down · 89% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 10.5% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 12.5% · Operating margin 15% · 100% evidence Valuation 10.0/20 · P/E 17.7× · PEG 1.74 · 65% evidence Relative strength 0.6/20 · Lead over its industry -20.4% · Lead over NIFTY 500 -7.3% · 1 year -8.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.1 + 12.6 + 10 + 0.6 = 42.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [NMDC Steel Ltd](https://www.sectoralpha.in/stocks/nmdc-steel-ltd) NSLNISP · quiet · Evidence leans down · 79% evidence 36.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 41.6% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 4.9/25 · ROCE 3.1% · Operating margin 11% · 100% evidence Valuation 8.5/20 · P/E 132× · PEG n/a · 15% evidence Relative strength 3.4/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -5.9% · 1 year -12.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.9 + 4.9 + 8.5 + 3.4 = 36.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [India Homes Ltd](https://www.sectoralpha.in/stocks/india-homes-ltd) INDIAHOMES · Too little evidence to rank firmly · 37% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 11094.8 points · 53% evidence Capital efficiency 16.0/31.25 · ROCE 17.5% · Operating margin n/a · 61% evidence Valuation 11.1/25 · P/E 60.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 29.8 + 16 + 11.1 = 56.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Safe Enterprises Retail Fixtures Ltd](https://www.sectoralpha.in/stocks/safe-enterprises-retail-fixtures-ltd) SAFEENTP · turning · Too little evidence to rank firmly · 42% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue n/a · Profit n/a · Operating margin change 1 points · 15% evidence Capital efficiency 19.1/25 · ROCE 47.1% · Operating margin 35% · 57% evidence Valuation 10.5/20 · P/E 17× · PEG n/a · 15% evidence Relative strength 6.0/20 · Lead over its industry -15.9% · Lead over NIFTY 500 -1.9% · 1 year 20% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 19.1 + 10.5 + 6 = 52.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) RSL · breaking out · Too little evidence to rank firmly · 45% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/43.75 · Revenue n/a · Profit n/a · Operating margin change 0 points · 48% evidence Capital efficiency 18.9/31.25 · ROCE 25.3% · Operating margin 9% · 100% evidence Valuation 11.4/25 · P/E 23.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 17.1 + 18.9 + 11.4 = 47.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel](https://www.sectoralpha.in/sectors/steel), all 10 compared on one page. ## Which companies are close to Tata Steel in size? Tata Steel is the 2nd largest of 10 Steel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: JSW Steel. Just below it: Steel Authority of India, NMDC Steel, Mukand, Rajputana Stainless and Mangalam Worldwide. ### Steel companies close in size

1. [JSW Steel Ltd](https://www.sectoralpha.in/stocks/jsw-steel-ltd) ₹3,04,704 crore
2. Tata Steel Ltd ₹2,09,224 crore
3. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) ₹66,501 crore
4. [NMDC Steel Ltd](https://www.sectoralpha.in/stocks/nmdc-steel-ltd) ₹11,037 crore
5. [Mukand Ltd](https://www.sectoralpha.in/stocks/mukand-ltd) ₹2,044 crore
6. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) ₹1,406 crore
7. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) ₹1,105 crore

[All 10 Steel companies, largest first](https://www.sectoralpha.in/sectors/steel#all-companies)

### Companies close in size in other industries

1. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ₹2,13,919 crore · Power - Generation/Distribution
2. [Hindustan Zinc Ltd](https://www.sectoralpha.in/stocks/hindustan-zinc-ltd) ₹2,13,717 crore · Metals
3. Tata Steel Ltd ₹2,09,224 crore
4. [Avenue Supermarts Ltd](https://www.sectoralpha.in/stocks/avenue-supermarts-ltd) ₹2,08,674 crore · Retail - Departmental Stores
5. [Grasim Industries Ltd](https://www.sectoralpha.in/stocks/grasim-industries-ltd) ₹2,02,895 crore · Diversified

## What else do people ask about Tata Steel? ### What is Tata Steel's share price today? Tata Steel Ltd's share price is ₹176.50, −3.5% over the past year. The whole company is worth ₹2,19,810 Cr on the market. In the last 52 weeks it traded between ₹167 to ₹217; today it is 19% of the way up from the low, 5.0% below its 200-day average (as of 3 November 2026). ### What were Tata Steel's latest quarterly results? Tata Steel Ltd reported revenue of ₹60,794 Cr and net profit of ₹2,385 Cr for the Jun 2026 quarter. Revenue rose 14.3% and profit rose 18.8% compared with a year earlier. Earnings per share were ₹1.86. The operating margin was 15.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Tata Steel's market cap? Tata Steel Ltd's market capitalisation is ₹2,19,810 Cr at a share price of ₹176.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Tata Steel performing? Tata Steel Ltd's share price has been falling for 8 weeks. In its latest quarter, revenue rose 14.3% and profit rose 18.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Tata Steel's share price go up? This page does not forecast Tata Steel Ltd's share price. What it shows instead: the share price is ₹176.50, and it has been falling for 8 weeks. Its P/E of 18.6× is higher than 57% of its own last 11 years (as of 3 November 2026). ### Who owns Tata Steel? Promoters own 32.9% of Tata Steel Ltd, foreign institutions 17.7%, domestic institutions 27.5% and the public 21.8% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 4.8 percentage points over 8 quarters (as of 3 November 2026). ### Does Tata Steel have too much debt? Tata Steel Ltd has a moderate amount of debt: its debt is 0.90× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹92,382 Cr against equity of ₹1,02,167 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Tata Steel in its business cycle? Tata Steel Ltd's FY26 operating margin was 15.0%, against a 13-year range of −0.6% to 26.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Tata Steel story? The main question: yearly earnings per share moved +215.7% while the share price moved −3.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Tata Steel a stock worth studying right now? What the numbers show: Tata Steel Ltd's earnings have grown faster than its share price. Earnings per share grew +215.7% in a year while the price moved −3.5%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Tata Steel share price forecast for 2026? What management itself guided: Q2 India NSR about ₹1,500 per ton below Q1; India Q2 operating profit in rupee crores expected higher despite margin compression from additional volume. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

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