Today we will analyze the Tata Steel share price target, we will do a complete analysis of Tata Steel and try to understand the future price targets for 2024, 2025, 2026, 2030, 2035, and 2040. Tata Steel is listed in NSE as TATASTEEL and in BSE as 500470. Tata Steel is a top company of the Tata group and has been performing great for a long time and is on a bull run. Today we will understand the company’s fundamentals and try to predict its future.
Table of Contents
About Tata Steel
Tata Steel Limited, as the name suggests is a multi-national steel-making company, part of Tata Group. It was founded by Jamshedji Tata in 1907 and it is situated in Jamshedpur, Jharkhand. Tata Steel is one of the largest steel-making companies in the world with 35 million tonnes of annual crude steel capacity.
Fundamental Analysis of Tata Steel
Company Key Metrics
| Metrics | Value |
|---|---|
| MARKET CAP | ₹ 1,66,566.41 Cr. |
| P/E Ratio | 0 |
| P/B Ratio | 1.88 |
| FACE VALUE | ₹ 1 |
| DIV. YIELD | 2.65 % |
| 52 Weeks High | ₹ 137.60 |
| 52 Weeks Low | ₹ 101.55 |
| PROMOTER HOLDING | 33.9 % |
| EPS (TTM) | ₹ -4.95 |
| ROE | 7.48 % |
| ROCE | 13.53% |
| PROFIT GROWTH | -80.66 % |
| Debt to Equity | 1.01 |
Last 5 Year’s Consolidated Revenue and Profit (In Crores)
| Year | Revenue | Profit |
|---|---|---|
| 2019 | 1,59,090 | 9,187 |
| 2020 | 1,41,660 | 2,337 |
| 2021 | 1,57,190 | 8,190 |
| 2022 | 2,44,744 | 41,749 |
| 2023 | 2,44,390 | 8,075 |
Findings from the tables
- Tata Steel is a large-cap company.
- PB Ratio is good.
- Tata Steel gives a good dividend.
- EPS is negative which is not a healthy sign.
- ROE and ROCE are good.
- Debt to equity is also good.
- Profit growth is negative, but then other factors are there for that.
- Revenue has been on consistent growth which is a good sign.
- Profit has been fluctuating but they are making profit but not increasing as expected.
Industry Analysis
The steel and iron production industry remains a promising sector for growth, this sector is involved in the building material which will be in demand forever and is expected to grow steadily. Tata Steel is already one of the largest steel-making company in the world, so we can expect a good future ahead for this company.
Also Read: SEL Manufacturing Share Price Target
Peer Comparision
Tata Steel is the top company in India along with SAIL and Jindal Steel and Power. It is one of the best-performing companies in the industry, if you are looking to invest in this industry then Tata Steel could be your best bet. Some of the Peers are listed below:
- SAIL
- JSW Steel
- Jindal Stainless
- APL Apollo Tubes
Company Growth Prospect
- Tata Steel is planning to expand the capacity of its Jharkhand plant along with plants in Odisha and Chhattisgarh.
- The company has a plan to set up plants in Bangladesh, Iran, and Vietnam
- TMT rebar demand is expected to grow.
- Steel demand is high in India and future demand is expected to be high as well.
- New project order in Guwahati.
200 Days Moving Average
The image shows that the stock is trading way above the 200DMA, which shows it is currently an overvalued stock but not overbought. Although, Tata Steel is a good stock and it is expected to grow, be cautious before buying this stock and research properly beforehand. This stock may see a correction in the future but overall it is a good stock to invest in.
Is Tata Steel Good For Long Term?
Tata Steel is one of the largest steel-making companies and being a part of Tata Group, we can have trust in this company. Future of the Tata Steel is expected to be very good and the company is expected to perform well in the future. If you are planning to invest for the long term then this company should be on your watchlist as it is one of the favorite companies to give great results in the long term.
Tata Steel is a good buy for the long term because of the nature of the Steel and Iron industry, as it is expected to grow at a good pace. You can expect very good returns in the future should you invest in this company.
Tata Steel Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2035 and 2040
| Year | 1st Price Target | 2nd Price Target |
|---|---|---|
| 2024 | 150 | 185 |
| 2025 | 190 | 220 |
| 2026 | 225 | 250 |
| 2027 | 259 | 300 |
| 2028 | 290 | 335 |
| 2029 | 329 | 380 |
| 2030 | 390 | 436 |
| 2035 | 580 | 630 |
| 2040 | 980 | 1040 |
Tata Steel Share Price Target 2024
Tata Steel has been in a bull run in the recent past and it is expected to be the same next year, as demand for the TMT rebars is expected to increase in 3-4 months we can be sure that the company will do good in the next year as well. Tata Steel can be in the range of 150 to 185 in 2024.
Tata Steel Share Price Target 2025
Based on the above analysis and on the fact that steel demand will only increase in the future, we can expect that Tata Steel Share Price Target 2025 will likely to in the range of 190 to 220.
Tata Steel Share Price Target 2027
If we look at the records then Tata Steel has given very good returns in the long term, so as per the above analysis and our estimate, Tata Steel’s share is likely to trade between 259 to 300 in 2027.
Tata Steel Share Price Target 2030
By 2030, the steel and iron industry is expected to grow exponentially. Tata Steel will be taking advantage of this because of being a market leader in this industry. we expect Tata Steel share to be in the range of 390 to 436 in 2030.
Tata Steel Share Price Target 2030
If you are planning to invest for a long time then Tata Steel is one the best companies to invest in, Tata Steel is likely to trade between 580 to 630 in 2035.
Tata Steel Share Price Target 2040
We can expect great things from Tata Steel in the long run, as a multi-national company, it is expected to grow its presence in the world by 2040. As per our analysis, Tata Steel is likely to trade between 980 to 1040 in 2040.
These price ranges can be much higher or much lower because this depends on various factors. We expect Tata Steel will grow in the future and do overall good business and generate great profits.
Conclusion
Tata Steel is one of the best companies in the stock market, it has the trust of the Tata Group and the Steel and Iron industry is growing each year which makes this a favorable stock to invest in. As per the above analysis, Tata Steel is expected to grow in the future and will give good returns in the long run.
Disclaimer: Information provided in this article is my personal opinion and it is for general informational purposes only and should not be considered as financial advice. Investing involves risks, and individuals should conduct their own research or consult with a qualified financial professional before making any investment decisions. Past performance is not indicative of future results, and the content provided is subject to change without notice. We do not guarantee the accuracy or completeness of the information and disclaim any liability for financial decisions made based on this content.
FAQs
What is the target price of Tata Steel share in 2024?
As per our analysis, Tata Steel share is expected to trade between 150 to 185 in 2024.
Is Tata Steel is best to buy?
Tata Steel has been on Bull run and is expected to rise in the future as well. Tata Steel is best buy as of now as it is not overbought yet.
Does Tata Steel have good future?
Tata Steel has a very good future. Overall, the steel and iron production industry is expected to grow in the future so is Tata Steel. It is expanding its existing plants and setting up new plants to increase the capacity of steel making which shows it is planning to grow at a good pace.
Is it safe to invest in Tata Steel?
Tata Steel is one of the safest stocks to invest in as it is expected to perform well in the future. Although, there are risks in any stock but considerably Tata Steel will be your safest stock to invest in.
What is the capacity of Tata Steel in 2030?
According to the chairman of Tata Steel, it is expected to achieve the capacity of 40 million tonnes per annum production by 2030.