Tata Steel enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


2,11,391	—	—	—	—	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
2,95,497	—	—	—	—
82,493	82,493	84,753	79,270	69,133
₹236.88	—	—	—	—

1,96,162	1,96,162	1,86,154	1,79,515	1,90,068
47.1%	47.1%	50.9%	48.5%	44.7%
0.31×	—	—	—	—

1.23×	—	—	—	—
8.17×	—	—	—	—
12.66×	—	—	—	—
14.41×	—	—	—	—
2,39,756	2,32,140	2,18,543	2,29,171	2,43,353
36,189	34,352	25,298	22,306	32,300
23,339	22,398	14,877	12,424	22,965
—	35,064	23,512	20,301	21,683
20,505	20,505	7,841	2,094	7,541
—	17,877	2,970	2,094	4,051
—	14,559	15,671	18,207	14,142

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

TATASTEEL₹169.46

Tata Steel Ltd.

· Metal & Mining

₹ CrorePeersJSWSTEEL SAIL JINDALSTEL ADANIENT HINDALCO HINDZINC VEDL NMDCMcap ₹2.11L Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

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	—	—	—	—	2,11,391.2
- 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	—	—	—	—	2,95,497.2
Net Debt (memo)	69,133.1	79,270.1	84,753.4	82,493.2	82,493.2
EV per Share	—	—	—	—	236.88

Total Capital	1,90,068.3	1,79,514.9	1,86,153.8	1,96,162.1	1,96,162.1
Total Debt/Total Capital	44.66	48.51	50.93	47.09	47.09
Total Debt/EV	—	—	—	—	0.31

EV/Sales	—	—	—	—	1.23
EV/EBITDA	—	—	—	—	8.17
EV/EBIT	—	—	—	—	12.66
EV/Free Cash Flow	—	—	—	—	14.41
Reference Items — Trailing FY Values
Sales	2,43,352.7	2,29,170.8	2,18,542.5	2,32,139.9	2,39,756.1
EBITDA	32,300.2	22,305.9	25,298.5	34,352.4	36,189.2
EBIT	22,965.0	12,423.7	14,877.1	22,397.9	23,339.4
Operating Cash Flow	21,683.1	20,300.7	23,511.8	35,064.5	—
Free Cash Flow	7,540.6	2,094.1	7,841.3	20,505.4	20,505.4
FCFF (free cash flow to the firm)	4,050.9	2,094.1	2,969.8	17,877.5	—
Capital Expenditure	14,142.5	18,206.6	15,670.5	14,559.1	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 193%.