| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 60,794 | 53,178 | +14.3% |
| EBITDA | 9,264 | 7,428 | +24.7% |
| EBITDA margin | 15.2% | 14.0% | +1.3 pts |
| Profit before tax | 3,741 | 2,987 | +25.2% |
| Net profit | 2,385 | 2,007 | +18.8% |
| EPS | ₹1.86 | ₹1.67 | +11.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,11,154 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 9,888 | 9,888 | 10,048 | 7,812 | 15,760 | ||
| 1,613 | 1,613 | 183 | 397 | 2,093 | ||
| 92,382 | 92,382 | 94,801 | 87,082 | 84,893 | ||
| 2,95,260 | — | — | — | — | ||
| 2,39,756 | 2,32,140 | 2,18,543 | 2,29,171 | 2,43,353 | ||
| — | +6.2% | −4.6% | −5.8% | — | ||
| 36,189 | 34,352 | 25,298 | 22,306 | 32,300 | ||
| 15.1% | 14.8% | 11.6% | 9.7% | 13.3% | ||
| 23,339 | 22,398 | 14,877 | 12,424 | 22,965 | ||
| 11,264 | 10,886 | 3,174 | −4,910 | 8,075 | ||
| 4.7% | 4.7% | 1.5% | −2.1% | 3.3% | ||
| ₹8.85 | ₹8.65 | ₹2.74 | −₹3.56 | ₹7.02 | ||
| — | +215.6% | +177.1% | −150.7% | — | ||
| — | 35,064 | 23,512 | 20,301 | 21,683 | ||
| — | −14,559 | −15,671 | −18,207 | −14,142 | ||
| 20,505 | 20,505 | 7,841 | 2,094 | 7,541 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,11,154.2 | |
| - Cash, Equiv & ST Investments | 15,760.0 | 7,812.1 | 10,047.6 | 9,888.5 | 9,888.5 | |
| + Minority Interest | 2,093.1 | 397.0 | 183.2 | 1,612.8 | 1,612.8 | |
| + Total Debt | 84,893.1 | 87,082.1 | 94,801.1 | 92,381.7 | 92,381.7 | |
| Enterprise Value | — | — | — | — | 2,95,260.2 | |
| Revenue | 2,43,352.7 | 2,29,170.8 | 2,18,542.5 | 2,32,139.9 | 2,39,756.1 | |
| Growth %, YoY | — | -5.8 | -4.6 | +6.2 | — | |
| EBITDA | 32,300.2 | 22,305.9 | 25,298.5 | 34,352.4 | 36,189.2 | |
| Margin % | 13.27 | 9.73 | 11.58 | 14.80 | 15.09 | |
| EBIT | 22,965.0 | 12,423.7 | 14,877.1 | 22,397.9 | 23,339.4 | |
| Net Income | 8,075.4 | -4,909.6 | 3,173.8 | 10,885.8 | 11,263.7 | |
| Margin % | 3.32 | -2.14 | 1.45 | 4.69 | 4.70 | |
| EPS, Adj (current shares) | 7.02 | -3.56 | 2.74 | 8.65 | 8.85 | |
| Growth %, YoY | — | -150.7 | +177.1 | +215.6 | — | |
| Cash from Operations | 21,683.1 | 20,300.7 | 23,511.8 | 35,064.5 | — | |
| Capital Expenditures | -14,142.5 | -18,206.6 | -15,670.5 | -14,559.1 | — | |
| Free Cash Flow | 7,540.6 | 2,094.1 | 7,841.3 | 20,505.4 | 20,505.4 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Tata Steel (NSE: TATASTEEL) had a market capitalisation of ₹2,11,391 crore at the 29 October 2026 close (₹169.46 a share), a PE ratio of 19.2 on the last four quarters' profit and a price-to-book ratio of 2.07. In FY26 its consolidated net profit attributable to shareholders was ₹10,794 crore on revenue of ₹2,32,140 crore; in Q1 FY27 (April–June 2026) it was ₹2,318 crore, up 11.6% year on year. Its debt-to-equity ratio was 0.89 on 31 March 2026. Promoters held 32.94% of the shares on 30 September 2026.
Tata Steel's PE ratio is 19.2 at the 29 October 2026 close (₹169.46 a share): a market capitalisation of ₹2,11,391 crore divided by consolidated net profit attributable to shareholders of ₹11,035 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹10,794 crore) it is 19.6.
Tata Steel's price-to-book (PB) ratio is 2.07 at the 29 October 2026 close: a market capitalisation of ₹2,11,391 crore divided by shareholders' equity (book value) of ₹1,02,168 crore on 31 March 2026. That is a book value of ₹81.90 per share against a share price of ₹169.46.
Tata Steel's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,02,168 crore (₹1.02 lakh crore) on 31 March 2026, up 12.1% from ₹91,170 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,11,391 crore at the 29 October 2026 close.
Tata Steel's market capitalisation was ₹2,11,391 crore (₹2.11 lakh crore) at the 29 October 2026 close: 1,247.44 crore shares at ₹169.46 each.
Tata Steel's basic earnings per share (EPS) were ₹8.65 in FY26, against ₹2.74 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹8.85.
In 2026, Tata Steel has declared one dividend: ₹4 with record date 12 June 2026.
No. Tata Steel had borrowings of ₹92,382 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.89. Its cash and current investments were ₹11,061 crore, so its net debt was ₹81,321 crore.
Tata Steel's debt-to-equity ratio was 0.89 on 31 March 2026: borrowings of ₹92,382 crore against total equity of ₹1,03,780 crore. A year earlier, on 31 March 2025, it was 1.04.
Tata Steel's dividend yield is 2.36% at the 29 October 2026 close: dividends of ₹4 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹169.46. They were ₹4 on 12 June 2026.
In FY26, Tata Steel's return on equity (ROE) was 11.2% and its return on capital employed (ROCE) was 11.3%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 3.7% and ROCE 8.1%.
On 30 September 2026, Tata Steel's shares were held by promoters 32.94%, foreign portfolio investors (FII/FPI) 18.19%, domestic institutions (DII) 27.52% (including mutual funds at 16.12%) and retail and other non-institutional investors 21.33%. Over the year, FII holding was up 0.41 percentage points from 17.78% and DII holding was up 0.43 percentage points from 27.09%.
Tata Steel's latest results are for Q1 FY27 (April–June 2026), filed on 30 July 2026: consolidated net profit attributable to shareholders ₹2,318 crore, up 11.6% from ₹2,078 crore in Q1 FY26; revenue from operations ₹60,794 crore, up 14.3% year on year.
Tata Steel's book value per share was ₹81.90 on 31 March 2026: shareholders' equity of ₹1,02,168 crore divided by the 1,247.44 crore shares in issue, up 12.1% from ₹73.09 a year earlier. The share price at the 29 October 2026 close was ₹169.46.
Promoters held 32.94% of Tata Steel on 30 September 2026, unchanged from the previous quarter and down 0.25 percentage points from 33.19% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Tata Steel generated ₹35,064 crore of cash from operations and spent ₹14,559 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹20,505 crore. In FY25 it was ₹7,841 crore.
In FY26 (April 2025–March 2026), Tata Steel's consolidated net profit attributable to shareholders was ₹10,794 crore, up 215.6% from ₹3,421 crore in FY25, on revenue from operations of ₹2,32,140 crore (up 6.2%). Over three years, from FY23, net profit was up 23.2%.
Tata Steel will announce its Q2 FY27 results (July–September 2026) on Saturday, 7 November 2026, the date of the board meeting it has notified to the exchanges.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Tata Steel's PE ratio is 19.6, the third highest of the four: JSW Steel 13.7, SAIL 19.7 and Jindal Steel 32.0, a peer average of 21.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against JSW Steel, SAIL and Jindal Steel: Tata Steel's operating margin of 9.7% is the third highest of the four (JSW Steel 10.9%, SAIL 5.4%, Jindal Steel 12.2%; peer average 9.5%); its return on equity of 11.2% is the second highest of the four (JSW Steel 24.9%, SAIL 5.7%, Jindal Steel 6.9%; peer average 12.5%); its revenue growth over three years of −1.6% a year is the lowest of the four (JSW Steel 3.8% a year, SAIL 2.0% a year, Jindal Steel 0.3% a year; peer average 2.0% a year).
In FY26, Tata Steel earned net profit attributable to shareholders of ₹10,794 crore on revenue of ₹2,32,140 crore, against ₹22,316 crore on ₹1,85,470 crore for JSW Steel. Tata Steel's operating margin was 9.7% (JSW Steel 10.9%) and its return on equity 11.2% (JSW Steel 24.9%). At the 29 October 2026 close, Tata Steel's market capitalisation was ₹2,11,391 crore against ₹3,06,318 crore for JSW Steel, and its PE ratio on FY26 profit 19.6 against 13.7.
From Tata Steel's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.