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Tata Sponge Iron Ltd

Updated on October 13, 2019

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/E166.40
Book Value₹240.24
Dividend Yield0.98 %
ROCE18.43 %
ROE12.01 %
Sales Growth (3yrs)20.04 %
IndustrySteel - Sponge Iron
Listed onBSE  AND  NSE
Company WebsiteCompany 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 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 ₹107.65 ₹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 ₹10.1 ₹673.8 Cr. 0.00 -₹135.95 Cr. 65.20 79.45 777.09 -5.14
5. Gallantt Ispat ₹26.85 4.91 ₹520.96 Cr. 0.27 ₹25.08 Cr. -37.38 0.22 311.35 12.40
6. Lloyds Metals ₹45.15 11.36 ₹202.89 Cr. 0.00 ₹7.49 Cr. -27.00 -5.98 126.40 19.26
7. MSP Steel & Pow. ₹4.75 ₹196.56 Cr. 0.00 -₹24.81 Cr. -741.09 8.45 403.46 3.93
8. Jai Balaji Inds. ₹18.8 ₹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 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019
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%
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 Profit16.9410.7725.8038.6034.4048.1261.6160.2529.8230.3524.2824.13
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 Income9.258.589.6310.259.4711.6311.6611.8914.8615.9614.9622.16
Profit before tax22.3715.2531.7545.2240.6754.3369.9768.9741.4841.2936.03-100.94
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 Profit16.0510.9621.2030.5627.6135.9946.7045.5527.6226.8024.37-86.00
EPS in Rs8.896.0811.7516.9415.3019.9525.8925.2515.3114.8513.50-55.84

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 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
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%%
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 Profit144.73183.97123.91155.10112.98120.14145.3599.2424.3261.69182.76144.70108.58
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 Income23.3820.1421.9313.7022.9931.5535.4255.4837.3036.9942.9857.6667.94
Profit before tax136.44181.16126.22150.28112.07125.90149.80136.4743.3583.48210.19187.7617.86
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 Profit95.53120.6684.52101.3475.6885.43101.1891.8931.8958.74140.86124.33-7.21
EPS in Rs51.9365.7245.7255.0740.8446.2054.6350.9417.6832.5678.0868.91-12.18
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 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Share Capital15.4015.4015.4015.4015.4015.4015.4015.4015.4015.4015.4015.40
Equity Capital15.415.415.415.415.415.415.415.415.415.415.415.4
Other Liabilities147.56108.12127.31138.53172.40186.26221.82188.99173.57194.46240.70254.77
Trade Payables61.5415.424.8426.3947.6452.355.6850.524553.2467.6375.42
Total Liabilities475.42457.94547.53645.62740.85825.73944.44984.16999.571,059.311,227.131,338.24
Fixed Assets251.09223.44205.66188.73173.70161.64150.30147.60163.72154.71149.00220.32
Gross Block368.92359.16359.25359.84362.42367.47367.09378.26168.59172.25178.17260.29
Accumulated Depreciation117.83135.72153.59171.11188.72205.83216.79230.664.8717.5429.1739.97
Other Assets209.14212.43219.33410.63525.87520.75573.33608.52541.26635.69872.68866.95
Trade receivables21.219.8737.5122.3327.5220.3626.078.8829.4335.7758.8178.45
Cash Equivalents97.21114.693.31188.05220.66234.48269.3251.51252.05306.74421.61347.4
Loans n Advances48.9227.1720.2316.3325.2736.4337.9943.9823.5930.8740.9946.88
Other Assets etc000121.25163.68170.84178.12195.7203.83213.23267.18278.94
Total Assets475.42457.94547.53645.62740.85825.73944.44984.16999.571,059.311,227.131,338.24

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 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity124.31115.4184.79141.6466.30111.94100.59-16.2077.0721.6741.10100.26
Profit from operations154.83193.07139.29158.04116.64123.53147.85100.1725.7363.16185.22146.26
Working Capital Changes-11.39-17.26-20.0831.74-10.1641.2510.73-47.5363.85-23.05-94.6821.37
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-26.531.53-93.70-32.15-172.98-89.56-89.4016.26-58.4151.39-213.08-12.43
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 Sold0.310.090.330.080.0600.
Capital WIP000.2000000000
Investments purchased0000-255.22-540.5-391.25-1245.42-1027.65-658.63-497.57-543.65
Investments sold0000267.56445.11324.571242950.29680.74562.18519.53
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 Borrowings000.04014.5733.14000000
Repayment of Borrowings-62.44-84.290-0.15-14.570000000
Interest Paid-12.03-4.63-0.250-0.15-1-0.03-0.070000
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 Flow17.2317.39-21.2997.18-119.039.17-1.00-18.030.3354.61-192.1750.70

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 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 Days17.1712.0326.6212.1416.239.3412.244.1118.7323.4326.8328.86
Inventory Turnover14.8613.028.6410.258.1810.8012.909.278.1513.6912.029.95

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