The evidence is mixed3 supporting, 4 against, 0 worth knowing
Supporting
up 16% over twelve months
revenue grew 11% year on year in the quarter ending 2026-06-30
net margin has widened from 0.6% to 3.9% across four quarters
Against
trading 5% below its 200-day average
1 of the scans it matches has historically underperformed the market
priced at 27× earnings against an industry median of 18× — 53% above its peers
futures show a short buildup — new sellers are committing capital
Worth knowing
nothing the data supports either way
TATASTEEL sits in Manufacturing, Commodities, Metals — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close back above 193, its 200-day average; open interest reversing while price keeps going.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
How it has performed
price return over each window, measured against zero
What the scans say today
4 of 47 matched on 2026-08-21
TATASTEEL matches 4 of the 47 scans today, across 2 different kinds of evidence.
segments and revenue mix, as the company reports them
TATASTEEL reports 8 business segments. The largest is Tata Steel India at 46% of revenue in the quarter ending 2026-06-30.
SegmentRevenueSharevs a year ago
Tata Steel India36,897 cr46.0%—
Tata Steel Netherlands Operations15,803 cr19.7%—
Other Trade Related Operations12,689 cr15.8%—
Tata Steel UK Operations6,115 cr7.6%—
Other Indian Operations4,395 cr5.5%—
South East Asian Operations2,346 cr2.9%—
Neelachal Ispat Nigam Limited1,712 cr2.1%—
Rest of the World340 cr0.4%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 2026-03-31
Return on equity
8.2%
trailing profit over shareholders’ funds
Return on capital
7.1%
pre-tax profit over equity plus borrowings
Debt to equity
0.90×
92,382 cr borrowed against 102,168 cr of equity
Net debt
83,497 cr
borrowings less cash
Cash conversion
419%
operating cash flow as a share of profit
Receivable days
8
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
457 sessions since 2024-11-06
34×
median 68×
90×
now 27×
TATASTEEL trades at 27× trailing earnings, below its median of 68× over this window — 60% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
M&A filings were typically +0.23pt vs the market over the next 5 sessions (n=981) · Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 11% against the same quarter a year earlier
profit rose 160% year on year
Going against it
net margin narrowed from 4.7% to 3.9%
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
60,794
3,741
2,385
1.86
3.9%
Q4 FY26
2026-03-31 · consolidated
63,270
4,676
2,965
2.34
4.7%
Q3 FY26
2025-12-31 · consolidated
57,002
3,765
2,730
2.16
4.8%
Q3 FY25
2024-12-31 · consolidated
53,648
1,625
295
0.26
0.6%
Q2 FY25
2024-09-30 · consolidated
53,905
2,190
759
0.67
1.4%
Q1 FY25
2024-06-30 · consolidated
54,771
2,284
919
0.77
1.7%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-3.0%
Versus 200-day average-5.1%
Below 52-week high-17.2%
Above 52-week low+13.9%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)32.2
Higher closes in last 51 of 5
Six-month return−15.09%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.03%
Volume versus 20-day1.2x
Median daily turnoverRs 394.8 cr
Derivatives
near expiry 2026-08-25 · 2026-08-20
Short Buildup
Price down, open interest up. New sellers are committing capital. The most common state in a falling tape, and the one that unwinds hardest if it turns.
Futures basis versus spot+0.08%
Open interest change+3.7%
Put / call ratio0.57
Put wall (support)180
Call wall (resistance)190
Max pain188
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Metals & Mining · 22 classified companies
TATASTEEL trades at 27.3× trailing earnings against an industry median of 17.8× across 21 other classified companies in its industry — more expensive than them, by 53%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
Session
Scans
Which
2026-08-21
1
Death cross — 50 crossed below 200
2026-08-20
1
Death cross — 50 crossed below 200
2026-08-19
2
Opened and closed at the same price, Death cross — 50 crossed below 200