About Tata Steel (TATASTEEL)

Tata Steel is a global Fortune 500 company and one of the most geographically diversified steel producers in the world. Founded in 1907 as the Tata Iron and Steel Company Limited, it was renamed Tata Steel in 2005 after becoming a subsidiary of the Tata Group. Headquartered in Mumbai, Tata Steel operates key production facilities in Jamshedpur, the Netherlands, Thailand, Singapore, and the UK.

Employing over 75,000 people worldwide, the company specializes in producing both finished and semi-finished steel products for various industries, including construction, automotive, aerospace, and defense. Also, Tata Steel boasts a global manufacturing footprint with an annual crude steel capacity of over 30 million tonnes. Its diversified operations and strategic global network provide Tata Steel with a competitive edge in the global steel marketplace.

Here are some key facts about Tata Steel:

• It ranks among the top 10 global steel companies based on crude steel production.
• It is the world’s second most geographically diversified steel producer.
• It is the largest steel company in India, with an annual capacity of approximately 18 million tonnes.
• It is also among the largest steel manufacturers in Europe, following the acquisition of Corus in 2007.
• It produces a diverse range of steel grades catering to a wide array of applications.
• It has a strong focus on innovation and the development of branded steel products.

Tata Steel stands as an industry leader in the global steel sector, owing to its vast scale, operational expertise, and strategic vision that has spanned over a century.

Tata Steel (TATASTEEL) Price History

Over the past 5 years, Tata Steel’s share price has seen major fluctuations, ranging from ₹46 in 2017 to ₹140 in 2023. So, Here’s a price history of Tata Steel on an annual basis from 2014 to 2023, showing the stock performance of the company in the last 10 years.

Tata Steel (TATASTEEL) Financial Details

If you examine Tata Steel’s revenue over the last three years, there has been an increase of 54% from ₹1.57 lakh crores in FY2019 to ₹2.43 lakh crores in FY2022. Additionally, the company’s net profit soared to ₹41,000 crores in 2022, a significant rise from ₹8,962 crores in 2019. However, the company reported a decline in revenue and net profit for 2023, with figures standing at ₹2.43 lakh crores and ₹7,657 crores, respectively, due to restructuring at its UK operations and lower sales and price realizations.

In terms of earnings per share (EPS), the company followed a similar trajectory, with an increase from ₹87.75 per share in FY2019 to ₹332.25 in FY2022, which then fell to ₹7.17 in FY2023.

Here’s the analysis of Tata Steel’s share price graph from 2018 to 2023 reveals an overall upward trend, despite experiencing some temporary declines.

Tata Steel (TATASTEEL) Share Price Target

Based on Tata Steel’s historical share price performance and current financial analysis, here are the estimated target share prices for TATASTEEL over the short, medium, and long-term horizons. As you can see, in the short-term price target, the share could reach around ₹120 in 2023, and ₹140 in 2024. And, in the long-term price target, the share could reach around ₹200 in 2028, and ₹250 in 2030. Let’s talk about each of them in detail.

Tata Steel (TATASTEEL) Share Price Target 2023

For 2023, Tata Steel’s share price is expected to trade within the estimated range of ₹95.52 to ₹143.28. Well, Fears of a global economic slowdown have weighed on the near-term steel demand outlook. But, Tata Steel’s strong position in India and strategic initiatives like capacity expansion and product development provide support for potential upside once conditions improve.

Tata Steel (TATASTEEL) Share Price Target 2024

For 2024, Tata Steel’s share price is estimated to trade within the ₹110 to ₹165 range, based on the expected recovery in steel demand as economic growth picks up globally and in India. The company’s capacity enhancement projects, the benefit of backward integration in raw materials, and market share growth driven by branded product offerings will aid the stock price. Overall, a moderate upside is likely in 2024 as markets stabilize.

Tata Steel (TATASTEEL) Share Price Target 2025

By 2025, Tata Steel’s share price could potentially reach ₹126.33 to ₹189.4, based on a rebound in steel demand both globally and in India. Also, Government infrastructure investments and growth in the construction, automobile, and capital goods sectors are likely to drive steel consumption over the medium term. Here, Tata Steel is well-placed to benefit with its low-cost production base and marketing strength.

Tata Steel (TATASTEEL) Share Price Target 2030

Looking further ahead to 2030, Tata Steel has the potential to achieve a share price band of ₹205 to ₹307, owing to its planned capacity growth to 40 million tonnes in India and the optimization of European operations. Also, Rising per capita steel use, urbanization trends, and market share gains from organic and inorganic routes will expand Tata Steel’s valuation multiples.

Tata Steel (TATASTEEL) Share Price Target 2040

By 2040, Tata Steel could exceed the ₹311.05 to ₹466.03 price levels, factoring in steady growth in global steel demand and Tata Steel’s strong brand value and execution excellence. The company is cementing its position in specialty steels and increasing its retail presence, which will drive profitability. Competitive pressures, however, may pose risks.

Tata Steel (TATASTEEL) Share Price Target 2050

In the much longer-term horizon till 2050, Tata Steel’s share price is projected to reach ₹392.55 to ₹588.83 based on its market leadership, research capabilities, and diversified operations. However, demand saturation in traditional steel segments could limit exponential gains. Overall, the company is strategically placed for robust long-term growth.

Read More: ITC Ltd (ITC) Share Price Target 2023, 2025, 2030, 2040, 2050

Tata Steel Share: Buy, Sell or Hold?

According to the latest analyst consensus, Tata Steel remains favorably positioned for long-term growth and value creation. As you can see, Out of 27 analysts tracking the stock:

• 12 analysts have a ‘Strong Buy’ rating with an upside potential of over 20%.
• 10 analysts have a ‘Buy’ rating with an upside of 10-15%.
• 4 analysts recommend ‘Hold’ for the stock.
• Only 1 analyst has a ‘Sell’ recommendation.

This indicates that most analysts are bullish on Tata Steel’s prospects and expect an upside in the share price based on the company’s strong market position and growth drivers.

Also, Tata Steel’s market leadership in India, strong brand equity, and focus on financial deleveraging make it an attractive long-term buy. The current share price of ₹119 offers a good entry point for retail investors with a 5-10 year horizon. However, For short-term investors, the stock is not that much well positioned due to macroeconomic headwinds, input cost inflation, and uncertain global demand conditions.

Overall, Tata Steel warrants a positive long-term outlook but requires monitoring in the near term. One can buy ‘TATASTEEL’ on significant dips to benefit from the next steel upcycle.

Tata Steel (TATASTEEL) FAQs

What is the price target for Tata Steel in 2023?

Most analysts estimate Tata Steel’s share price to reach levels of ₹95 to ₹143 in 2023, based on the company’s growth drivers balanced by near-term industry challenges.

Is Tata Steel a good buy now?

Tata Steel is a good long-term buy for investors with a 5-10 year investment horizon. According to market forecast, the stock can rise to ₹300 by the end of 2030.

What is the target price for Tata Steel in 2030?

Based on Tata Steel’s capacity expansion plans and India’s growth potential, its share price target for 2030 is forecasted to be between ₹205 and ₹307.

How can I buy Tata Steel shares?

Tata Steel shares can be purchased through a demat and trading account through some trading apps such as PayTM Money, UpStox or Groww. You can find the stock listed on NSE and BSE under the ticker symbol ‘TATASTEEL’.

What was Tata Steel’s share price in 1990?

Tata Steel’s share price in 1990 was around ₹6. Since then, the stock has risen over 20x. In fact, If you had invested ₹10,000 in Tata Steel Shares in 1990, your investment would have grown to ₹1.98 Lakh by the end of 2023.

Tata Steel Share Split History?

Tata Steel has undertaken four share splits in its history – 2004, 2007, 2018, and 2022. The most recent stock split by Tata Steel was a 10:1 split on July 29, 2022, wherein shares with a face value of ₹10 were split into 10 shares with a face value of ₹1 each. Here’s the table for share spit history for TATASTEEL.

What is Tata Steel Dividend History?

Tata Steel has consistently paid dividends every year since 2003. In 2022, the dividend per share was ₹51. Below is a summary of the dividends the company has paid out to its shareholders over the last five years.

Can I buy Tata Steel for the long term?

Yes, Tata Steel is a good stock for long-term investment, considering its leadership, integrated operations, brand equity, and future growth drivers.