Table of Contents

Tata Sponge Iron Ltd

Updated on April 20, 2024

Stock/Share Code - TATASPONGE

Tata Sponge Iron is engaged in the manufacture of sponge iron and generation of power from waste heat.

Below is the details of TATASPONGE Tata Sponge Iron Ltd

Market Cap	₹1,965 Cr.
Current Price	₹435.75 as on 30 Aug 19
52 Week High / Low Price	₹853.62 / ₹408.55
Face Value	₹10
Stock P/E	166.40
Book Value	₹240.24
Dividend Yield	0.98 %
ROCE	18.43 %
ROE	12.01 %
Sales Growth (3yrs)	20.04 %
Sector	Steel
Industry	Steel - Sponge Iron
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company is virtually debt free. Company is expected to give good quarter Promoter's stake has increased Company has been maintaining a healthy dividend payout of 22.06%

Cons: Company has low interest coverage ratio. Company has a low return on equity of 11.54% for last 3 years. Earnings include an other income of Rs.67.94 Cr.

Tata Sponge Iron Ltd Price Chart

Tata Sponge Iron Ltd Peer Comparison in Steel

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Jindal Steel			₹9,853.35 Cr.	0.00	₹9.43 Cr.	-94.79	2.90	9945.58	3.47
2.	Tata Sponge Iron		166.40	₹1,965.23 Cr.	0.98	-₹86 Cr.	-247.05	170.02	704.59	18.43
3.	Tata Sponge Iron		165.70	₹1,965.23 Cr.	0.98	-₹85.99 Cr.	-246.99	170.02	704.59	18.43
4.	Monnet Ispat	₹17.5		₹673.8 Cr.	0.00	-₹135.95 Cr.	65.20	79.45	777.09	-5.14
5.		4.91	₹520.96 Cr.	0.27	₹25.08 Cr.	-37.38	0.22	311.35	12.40
6.	Lloyds Metals		11.36	₹202.89 Cr.	0.00	₹7.49 Cr.	-27.00	-5.98	126.40	19.26
7.	MSP Steel & Pow.			₹196.56 Cr.	0.00	-₹24.81 Cr.	-741.09	8.45	403.46	3.93
8.	Jai Balaji Inds.			₹151.33 Cr.	0.00	-₹18.38 Cr.	48.04	7.02	814.79	-1.83

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Tata Sponge Iron Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019
Sales	138.70	143.52	167.17	175.02	167.18	214.47	243.50	260.94	216.21	260.83	254.07	704.59
YOY Sales Growth %	-8.94%	3.33%	19.08%	62.18%	20.53%	49.44%	45.66%	49.09%	29.33%	21.62%	4.34%	170.02%
Expenses	121.76	132.75	141.37	136.42	132.78	166.35	181.89	200.69	186.39	230.48	229.79	680.46
Material Cost %	68.13%	66.73%	66.42%	60.22%	64.12%	63.87%	60.07%	65.51%	69.55%	74.8%	75.74%	68.11%
Employee Cost %	7.02%	10.47%	6.83%	5.6%	6.33%	4.72%	4.64%	3.9%	4.89%	4.69%	4.67%	6.5%
Operating Profit	16.94	10.77	25.80	38.60	34.40	48.12	61.61	60.25	29.82	30.35	24.28	24.13
OPM %	12.21%	7.50%	15.43%	22.05%	20.58%	22.44%	25.30%	23.09%	13.79%	11.64%	9.56%	3.42%
Other Income	9.25	8.58	9.63	10.25	9.47	11.63	11.66	11.89	14.86	15.96	14.96	22.16
Interest	0.56	0.86	0.46	0.46	0.13	2.33	0.33	0.31	0.30	2.11	0.30	67.68
Depreciation	3.26	3.24	3.22	3.17	3.07	3.09	2.97	2.86	2.90	2.91	2.91	79.55
Profit before tax	22.37	15.25	31.75	45.22	40.67	54.33	69.97	68.97	41.48	41.29	36.03	-100.94
Tax %	28.25%	28.13%	33.23%	32.42%	32.11%	33.76%	33.26%	33.96%	33.41%	35.09%	32.36%	14.80%
Net Profit	16.05	10.96	21.20	30.56	27.61	35.99	46.70	45.55	27.62	26.80	24.37	-86.00
EPS in Rs	8.89	6.08	11.75	16.94	15.30	19.95	25.89	25.25	15.31	14.85	13.50	-55.84
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
Sales	450.74	602.86	514.28	671.33	619.09	795.74	777.24	789.57	573.51	557.31	800.17	992.05	1,435.70
Sales Growth %	68.64%	33.75%	-14.69%	30.54%	-7.78%	28.53%	-2.32%	1.59%	-27.36%	-2.82%	43.58%	23.98%	%
Expenses	306.01	418.89	390.37	516.23	506.11	675.60	631.89	690.33	549.19	495.62	617.41	847.35	1,327.12
Material Cost %	55.27%	57.54%	62.65%	65.55%	70.71%	74.6%	70.17%	73.52%	74.44%	66.92%	61.97%	71.45%	%
Manufacturing Cost %	4.07%	4.06%	4.18%	3.21%	3.21%	2.8%	3.07%	3.38%	4.03%	5.67%	3.58%	3.38%	%
Employee Cost %	3.42%	3.17%	3.78%	2.97%	3.28%	3.64%	3.45%	4.45%	5.92%	8.31%	5.22%	4.52%	%
Other Cost %	6.16%	5.78%	6.42%	6.63%	6.95%	3.87%	5.25%	6.1%	11.37%	8.03%	6.39%	6.06%	%
Operating Profit	144.73	183.97	123.91	155.10	112.98	120.14	145.35	99.24	24.32	61.69	182.76	144.70	108.58
OPM %	32.11%	30.52%	24.09%	23.10%	18.25%	15.10%	18.70%	12.57%	4.24%	11.07%	22.84%	14.59%	7.56%
Other Income	23.38	20.14	21.93	13.70	22.99	31.55	35.42	55.48	37.30	36.99	42.98	57.66	67.94
Interest	12.03	4.64	0.25	0.00	5.53	7.91	13.22	5.31	5.38	2.44	3.25	3.02	70.39
Depreciation	19.64	18.31	19.37	18.52	18.37	17.88	17.75	12.94	12.89	12.76	12.30	11.58	88.27
Profit before tax	136.44	181.16	126.22	150.28	112.07	125.90	149.80	136.47	43.35	83.48	210.19	187.76	17.86
Tax %	29.98%	33.40%	33.04%	32.57%	32.47%	32.15%	32.46%	32.67%	26.44%	29.62%	32.98%	33.78%
Net Profit	95.53	120.66	84.52	101.34	75.68	85.43	101.18	91.89	31.89	58.74	140.86	124.33	-7.21
EPS in Rs	51.93	65.72	45.72	55.07	40.84	46.20	54.63	50.94	17.68	32.56	78.08	68.91	-12.18
Dividend Payout %	11.28%	10.21%	14.58%	12.16%	16.28%	14.42%	15.22%	16.76%	48.29%	28.84%	21.87%	15.48%

Compounded Sales Growth

10 Years:: 5.11%
5 Years:: 5.00%
3 Years:: 20.04%
TTM:: 62.03%

Compounded Profit Growth

10 Years:: 0.30%
5 Years:: 4.20%
3 Years:: 56.94%
TTM:: -104.63%

Return on Equity

10 Years:: 12.72%
5 Years:: 10.24%
3 Years:: 11.54%
Last Year:: 12.01%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Share Capital	15.40	15.40	15.40	15.40	15.40	15.40	15.40	15.40	15.40	15.40	15.40	15.40
Equity Capital	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4
Reserves	228.06	334.31	404.67	491.69	553.05	624.07	707.22	779.77	810.60	849.45	971.03	1,068.07
Borrowings	84.40	0.11	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	147.56	108.12	127.31	138.53	172.40	186.26	221.82	188.99	173.57	194.46	240.70	254.77
Trade Payables	61.54	15.4	24.84	26.39	47.64	52.3	55.68	50.52	45	53.24	67.63	75.42
Total Liabilities	475.42	457.94	547.53	645.62	740.85	825.73	944.44	984.16	999.57	1,059.31	1,227.13	1,338.24
Fixed Assets	251.09	223.44	205.66	188.73	173.70	161.64	150.30	147.60	163.72	154.71	149.00	220.32
Gross Block	368.92	359.16	359.25	359.84	362.42	367.47	367.09	378.26	168.59	172.25	178.17	260.29
Accumulated Depreciation	117.83	135.72	153.59	171.11	188.72	205.83	216.79	230.66	4.87	17.54	29.17	39.97
CWIP	14.39	21.27	121.74	11.91	16.11	15.65	16.25	20.04	9.23	5.63	5.82	7.39
Investments	0.80	0.80	0.80	34.35	25.17	127.69	204.56	208.00	285.36	263.28	199.63	243.58
Other Assets	209.14	212.43	219.33	410.63	525.87	520.75	573.33	608.52	541.26	635.69	872.68	866.95
Inventories	41.81	50.79	68.28	62.67	88.74	58.64	61.85	108.45	32.36	49.08	84.09	115.28
Trade receivables	21.2	19.87	37.51	22.33	27.52	20.36	26.07	8.88	29.43	35.77	58.81	78.45
Cash Equivalents	97.21	114.6	93.31	188.05	220.66	234.48	269.3	251.51	252.05	306.74	421.61	347.4
Loans n Advances	48.92	27.17	20.23	16.33	25.27	36.43	37.99	43.98	23.59	30.87	40.99	46.88
Other Assets etc	0	0	0	121.25	163.68	170.84	178.12	195.7	203.83	213.23	267.18	278.94
Total Assets	475.42	457.94	547.53	645.62	740.85	825.73	944.44	984.16	999.57	1,059.31	1,227.13	1,338.24

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Cash from Operating Activity	124.31	115.41	84.79	141.64	66.30	111.94	100.59	-16.20	77.07	21.67	41.10	100.26
Profit from operations	154.83	193.07	139.29	158.04	116.64	123.53	147.85	100.17	25.73	63.16	185.22	146.26
Working Capital Changes	-11.39	-17.26	-20.08	31.74	-10.16	41.25	10.73	-47.53	63.85	-23.05	-94.68	21.37
Taxes paid	-19.13	-60.4	-34.42	-48.14	-40.18	-52.84	-57.99	-68.85	-12.51	-18.43	-49.44	-67.36
Cash from Investing Activity	-26.53	1.53	-93.70	-32.15	-172.98	-89.56	-89.40	16.26	-58.41	51.39	-213.08	-12.43
Fixed Assets Purchased	-33.49	-11.46	-101.99	-9.59	-49.17	-12.63	-8.29	-14.64	-17.22	-3.88	-6.81	-158.43
Fixed Assets Sold	0.31	0.09	0.33	0.08	0.06	0	0.03	0.02	0.07	0.07	0.01	0.14
Capital WIP	0	0	0.2	0	0	0	0	0	0	0	0	0
Investments purchased	0	0	0	0	-255.22	-540.5	-391.25	-1245.42	-1027.65	-658.63	-497.57	-543.65
Investments sold	0	0	0	0	267.56	445.11	324.57	1242	950.29	680.74	562.18	519.53
Cash from Financing Activity	-80.55	-99.55	-12.38	-12.31	-12.35	-13.21	-12.19	-18.09	-18.33	-18.45	-20.19	-37.13
Proceeds from Borrowings	0	0	0.04	0	14.57	33.14	0	0	0	0	0	0
Repayment of Borrowings	-62.44	-84.29	0	-0.15	-14.57	0	0	0	0	0	0	0
Interest Paid	-12.03	-4.63	-0.25	0	-0.15	-1	-0.03	-0.07	0	0	0	0
Dividends Paid	-6.08	-10.63	-12.17	-12.16	-12.2	-12.21	-12.16	-15.4	-15.19	-15.32	-16.74	-30.8
Net Cash Flow	17.23	17.39	-21.29	97.18	-119.03	9.17	-1.00	-18.03	0.33	54.61	-192.17	50.70

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Ratios

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
ROCE %	45.48%	54.83%	32.85%	32.41%	21.87%	22.16%	23.93%	18.68%	6.06%	10.17%	23.06%	18.43%
Debtor Days	17.17	12.03	26.62	12.14	16.23	9.34	12.24	4.11	18.73	23.43	26.83	28.86
Inventory Turnover	14.86	13.02	8.64	10.25	8.18	10.80	12.90	9.27	8.15	13.69	12.02	9.95

Announcements & News

Recent Announcements

Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate | Aug. 31, 2019
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate | Aug. 31, 2019
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate | Aug. 30, 2019
Announcement under Regulation 30 (LODR)-Newspaper Publication | Aug. 29, 2019
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate | Aug. 28, 2019

Credit Ratings

Annual Reports

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