A Project titled

“A STUDY ON FINANCIAL PERFORMANCE OF

TATA STEEL LTD.”

Submitted to University of Mumbai

For partial completion of the degree of Master of Commerce

Submitted by
MAITREE M. JOSHI

(Roll No. 17)

SEMESTER III

Under the guidance of

Asst. Prof. CA KRISHNAN JAIKUMAR

V.K KRISHNA MENON COLLEGE OF COMMERCE

& ECONOMICS & SHARAD SHANKAR DIGHE
COLLEGE OF SCIENCE AND P.A. MENON
COLLAGE OF MANAGEMENT BHANDUP (EAST),
MUMBAI-400042.

ACADEMIC YEAR
2023-24
 V.K KRISHNA MENON COLLEGE OF COMMERCE
& ECONOMICS & SHARAD SHANKAR DIGHE
COLLEGE OF SCIENCE AND P.A. MENON
COLLAGE OF MANAGEMENT BHANDUP (EAST),
MUMBAI-400042.

CERTIFICATE

This is to certify that of Mr. / Ms. MAITREE M. JOSHI, Roll No. 17, MCOM
(Advanced Accountancy) Semester III (2023-24) has worked and duly completed her/his
Project Workin partial fulfillment of the requirement for the award of Master of Commerce
under the Faculty of Commerce and her/his project is entitled, “STUDY ON FINANCIAL
PREOFORMANCE OF TATA STEEL LTD.”

INTERNAL EXAMINAR EXTERNAL EXAMINAR PRINCIPAL

SUBMISSION DATE-
 DECLARATION

I MAITREE M. JOSH, Roll No.17,of M.Com (Advanced Accountancy) Semester

III, the undersigned hereby, declare that the work embodied in this project titled “A
STUDY ON FINANCIAL PREOFORMANCE OF TATA STEEL LTD.”, forms
my own contribution to the research work carried out under the guidance of
Asst.Prof.CA KRISHNAN JAIKUMAR is a result of my own research work.
Wherever reference has been made to previous works of others, it has clearly
indicates such and included in the bibliography.
I, hereby further declare that all information of this document has been obtained and
presented in accordance with academic rules and ethical conduct.

(SIGNATURE OF STUDENT)
 ACKNOWLEGMENT

I list all have helped me in difficult because they are so numerous and the depth is so
enormous.
I would like to acknowledge the following as being idealistic channel and fresh
dimensions in the completion of this project.
I take this opportunity to thank University of Mumbai for giving me chance to do
this project.
I would like to thank my Principal, Smt. Saroj V Phadnis for providing the necessary
facilities required for completion of this project.
I take this opportunity to thank our coordinator Asst. prof. Anjana Ashokan for her
moral support and guidance.
I would also like to express my sincere gratitude towards my Project Guide Asst.
Prof.CA Krishnan Jaikumar whose guidance and care made the project successful.
I would like to thanks my college library, for having provided various reference books
and magazines related to my project.
Lastly, I would like to thanks each person who directly or indirectly helped me in
completion of the project especially my parents and peers who supported me
throughout my project.
 INDEX

SR. NO. PARTICULARS PAGE NO.

1 INTRODUCTION 5 - 19

2 LITERATURE REVIEW 20 - 32

3 RESEARCH DESIGN 33 - 36

4 ANALYSIS & INTERPRETATION 37 - 48

5 FINDINGS, SUGGESTIONS 49 - 50

6 CONCLUSION 51

7 BIBLIOGRAPHY 52

8 ANNEXURE 53 - 71
 SUMMARY

This report includes an organizational study on TATA STEEL LTD.-The title of the reports
"CUSTOMER PRODUCT SATISFACTION AT TATA STEEL LTD.".

This report provides general information about the steel industry sector and Tata steel ltd.
company profile. It also includes information that customers know about Tata steel ltd. services
and products.

Through the following study customers, satisfaction towards Tata steel ltd. products &
services found.

In agriculture industry, automotive steels, construction industry, energy and power industry,
global material handling sector ofthe popular products and services offered by Tata steel ltd.

Tata steel’s performance metrics includes its financial results, production capacity and
sustainability efforts. Tata steel industry is performing well in steel industry, as it has shown
strong growth in its earning, revenue and markets share. Tata steel has also improved its
operational efficiency, products quality and customer satisfaction in domestic and
international markets.

Empower employees; Tata steel has always viewed its employees as its greatest asset. The
company endeavors to be an “employer of choice” by fostering an environment of
aspirational goal setting, continuous improvement, in additional to health and safety of the
employee, and corporate responsibility.
 CHAPTER 1: INTRODUCTION

1.1 INTRODUCTION

What is the customer satisfaction?

Importance of creating standard to ensure that steel industry customer- and there by
consumer that the steel they use has been sourced and produced responsibly at every stage.

 Require production, development of standard certification and related tools.

 The industrial sector, manufacturing service and trade industry need to acquire

ISO 14001 certification.

Consumers, steel industry keep pace with the growing needs of the customers, primarily in
automotive and construction sectors.
 Focus on the value added products throughout the customer’s purchase journey.

 Focus on evaluating customer feedback and customer service activities and

development of solutions.

Why the steel industry is important?

It is necessary in the steel industry for reasons:

 The steel industry published on production on demand and trade at national and
global level, which is used for analyzing economical and financial performance.
 The Company is maintaining proper records showing full particulars, including
quantitative details and situation, of Property, Plant and Equipment’s.
 INDUSTRY PROFILE

INTRODUCTION OF STEEL INDUSTRY.

Steel has had majorly influence on our regular uses. Steel is used in electricity-power-
line towers, natural gas pipelines, machine tools, military weapons etc. steel is compared to
other materials of its type has low production cost. Steel is environment friendly as it can be
recycled.
The growth in the Indian steel sector has been driven by the domestic availability of
raw materials such as iron ore and cost-effective labor. Consequently, the steel sector has
been a major contributor to India's manufacturing output.
The Indian steel industry is modern, with state-of-the-art steel mills. It has always
strived for continuous modernization of older plants and up-gradation to higher energy
efficiency levels.
The Indian steel industry is classified into three categories - major producers, main
producers and secondary producers.
One of the primary forces behind industrialization has been the use of metals. Steel has
traditionally occupied a top spot among metals. Steel production and consumption are
frequently seen as measures of a country's economic development because it is both a raw
material and an intermediary product. Therefore, it would not be an exaggeration to argue that
the steel sector has always been at the forefront of industrial progress and that it is the
foundation of any economy.
History of Steel Industry in India

Phase – I

The year 1956, marked the beginning of the Ferro Alloys Corporation Limited at
Sriramnagar, Garividi, Vizianagaram district, Andhra Pradesh. The founder was Seth Shriman
Durgaprasadji Saraf (1911–1988). The registered office is at Tumsar, Bhandara district,
Maharashtra.[29] The ferromanganese plant started production in 1957, equipped with
three furnaces for production of high carbon ferromanganese and ferrosilicon. In 1969, a
reduction furnace and a slag furnace were commissioned for the production of ferrochrome.
The company independently, set up a 16 MVA furnace in 1981.
The Bhilai Steel Plant, located in Bhilai, Chhattisgarh is India's first large scale
integrated steel plant, a major producer of wide steel plates and other steel products. The plant
also produces steel and markets various chemical by-products from its coke ovens and coal
chemical plant. It was set up with the help of the USSR in 1955.
JSW Steel, Vijayanagar Works is the largest integrated steel plant in terms of
production capacity with 12MTPA(steel production) which was set up in 1982. Apart from
that, Bhilai Steel Plant and Bokaro Steel Plant are the largest steel plant in-terms of area.

Phase – II

Prime Minister Jawaharlal Nehru, a believer in Harold Laski's Fabian socialism,

decided that the technological revolution in India needed maximization of steel production. He,
therefore, formed a government-owned company, Hindustan Steel Limited (HSL), and set up
three steel plants in the 1950s. In early 21st century Kalinga nagar and Bokaro both emerged as
the leading steel hub with multiple steel factories due to their ideal location with coal mines and
other mineral deposits nearby as chota Nagpur plateau is super-rich mineral area.
Phase – III

Modern steelmaking in India began with the setting of the first blast furnace of
India at Kulti in 1870 and production began in 1874, which was set up by Bengal Iron Works.
While first modern steel manufacturing plant was set up at the Gun & Shell Factory (GSF), in
1801, and along with the Metal & Steel Factory (MSF), at Calcutta, both still belonging to
the Yantra India Limited. All had followed on from the establishment of Coal mining in India,
in the late 18th century, which eliminated the need for approximately 14.5 tons of charcoal to
be created to smelt each tons of iron, and offering a source of power for the trains and riverboats
used to carry the ores and smelted metals.
Mr. Dorabji Tata established the Tata iron and steel company (TISCO) in 1907,
as part of his father's conglomerate. By 1939, it operated the largest steel plant in the British
Empire and accounted for a significant proportion of the 2 million tons of pig iron and 1.13 of
steel produced annually. The company launched a major modernization and expansion program
in 1951.
 Steel Plants in India

1.1 Steel Plants in India.

There are two types of steel plants - mini steel plants and integrated steel plants.
About half of the country's steel is produced by medium and small enterprises. There are more
than 650 mini Steel Plants & 30 Integrated Steel Plants in India. Given below are mini steel
plants:

Name Estb. Year Location Operator

Ankur Industries Integrated Steel

2023 Gorakhpur, Uttar Pradesh Ankur Udyag Ltd.
Plant

Alloy Steel Plant 1965 Durgapur, west Bengal SAIL

Atibir Industries steel plant 2009 Bhorandiha, Jharkhand Atibir Industries Co

BMM Ispat Steel Plant 2006 Danapuram, Karnataka BMM Ispat Ltd.

Bhilai Steel Plant 1955 Bhilai, Chhattisgarh SAIL

Bokaro Steel Plant 1964 Bokaro Steel City, Jharkhand SAIL

Chandrapur Ferro Alloy Plant 1974 Chandrapur, Maharashtra SAIL

Durgapur Steel Plant 1959 Durgapur, west Bengal SAIL

Electro steel Limited(ESL) 2011 Bokaro, Jharkhand Vedanta Resources

Essar Steel India Limited 2005 Hazira, Gujrat ArcelorMittal

Hospet Steel Limited 1998 Koppal, Karnataka Kalyani Steels

 IISCO Steel Plant 2007 Asansol, west Bengal SAIL

Jayaswal Neco
Jayaswal Neco Industries 1996 Raipur, Chhattisgarh
Industries

Jayaswal Neco
Jayaswal Neco Industries 1972 Nagpur, Maharashtra
Industries

Jindal Stainless
JSL Stainless [6]
1970 Jaipur, Odisha
Limited

Jindal Stainless
JSL Stainless 1975 Hisar, Haryana
(Hisar) Limited

Jindal Steel and

Jindal Steel and Power Limited 1990 Raigarh, Chhattisgarh
Power

Jindal Steel and

Jindal Steel and Power Limited 1979 Angul, Odisha
Power

Jindal Steel and

Jindal Steel and Power Limited 2012 Patratu, Jharkhand
Power

Tata Steel Limited 1912 Jamshedpur, Jharkhand Tata Steel

Tata Steel Limited 2016 Kalinga nagar, Odisha Tata Steel

Indian Steel Industry

The steel industry is often considered an indicator of economic progress,

because of the critical role played by steel in infrastructural and overall economic
development in 1980; there were more than 500,000 U.S. steelworkers. By 2000, the number
of steelworkers had fallen to 224,000.
The economic boom in China and India caused a massive increase in the demand for
steel. Between 2000 and 2005, world steel demand increased by 6%. Since 2000, several Indian
and Chinese steel firms have risen to prominence,[according to whom?] such as Tata
Steel (which bought Corus Group in 2007), Baosteel Group and Shagang Group. As of 2017,
though, Arcelor Mittal is the world's largest steel producer. In 2005, the British Geological
Survey stated China was the top steel producer with about one-third of the world share; Japan,
Russia, and the US followed respectively.
The large production capacity of steel results also in a significant amount of carbon
dioxide emissions inherent related to the main production route.
2021 it was estimated that around 7% of the global greenhouse gas emissions resulted
from the steel industry. Reduction of these emissions are expected to come from a shift in the
main production route using cokes, more recycling of steel and the application of carbon capture
and storage or carbon capture and utilization technology.
At the end of 2008, the steel industry faced a sharp downturn that led to many cutbacks.
The Iron and Steel industry in India is among the most important industries within the
country. India surpassed Japan as the second largest steel producer in January 2019. As
per world steel, India's crude steel production in 2018 was at 106.5 tons (MT), 4.9% increase
from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest
steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared
to year 2017.
National steel policy of India

National steel policy – 2005 has the long-term goal of having a modern and efficient
steel industry of world standards in India. The focus is to achieve global competitiveness not
only in terms of cost, quality, and product mix but also in terms of global benchmarks of
efficiency and productivity.
The Policy aims to achieve over 100 million metric tons of steel per year by 2019-20
from the 2004-05 level of 38 mt. This implies annual growth of around 7.3% per year from
2004-5 onward.
The strategic goal above is justified because steel consumption in the world, around
1000 million metric tons in 2004, is expected to grow at 3.0% per annum to reach 1,395 million
metric tons in 2015, compared to 2% per annum in the past fifteen years. China will continue
to have a dominant share of the demand for world steel. Domestically, the growth rate of steel
production over the past fifteen years was 7.0% per annum. The projected rate of 7.3% per
annum in India compares well with the projected national income growth rate of 7-8% per
annum, given an income elasticity of steel consumption of around one.
Market size of steel industry in India

India’s finished steel consumption grew at a CAGR of 5.2% during FY16-FY20 to

reach 100 MT. India’s crude steel and finished steel production increased to 108.5 MT and
101.03 MT in FY20P, respectively.
Between April 2020 and November 2020, India’s cumulative production of crude
steel was MT and finished steel was 55.68 MT.
Export and import of finished steel stood at 8.24 MT and 6.69 MT, respectively, in
FY20P. Export and import of finished steel stood at 7.70 MT and 2.70 MT, respectively,
between April 2020 and November 2020.

1.2 – market value of steel industry.

Market Value of Steel industry in India, 2018 – 2021

Year Value (USD Million)

2,018 60339.09

2,019 58506.07

2,020 50886.15

2,021 75850.17
 INVESTMENT

Steel industry and its associated mining and metallurgy sectors have seen major
investments and developments in the recent past.
According to the data released by Department for Promotion of Industry and Internal
Trade (DPIIT), the Indian metallurgical industries attracted Foreign Direct Investment (FDI) to
the tune of US$ 14.24 billion in the period April 2000-September 2020.
Some of the major investments in the Indian steel industry are as follows:

 In a move towards becoming self-reliant, Indian steel companies have started boosting steel
production capacity. To this end, SAIL announced doubling of it is at five of its steel plants
capacity in September 2020.
 In March 2020, Arcelor Mittal Nippon Steel India (AM/NS) acquired Bhander Power plant
in Hazira, Gujarat from Edelweiss Asset Reconstruction Company.
 In February 2020, GFG Alliance acquired Adhunik Metaliks and its arm Zion Steel for Rs.
425 crore (US$ 60.81 million), marking its entry into the Indian steel market.
 For FY20, JSW Steel set a target of supplying around 1.5 lakhs tons of TMT Rebar’s to
metro rail projects across the country.

 In December 2019, Arcelor Mittal completed the acquisition of Essar Steel at Rs. 42,000 cr
(US$ 6.01 billion) and formed a joint venture with Nippon Steel Corporation.

 JSW Steel has planned a US$ 4.14 billion capital expenditure programmer to increase its
overall steel output capacity from 18 million tons to 23 million tons by 2020.
 Ministry of Steel plans to invest US$ 70 million in the eastern region of the country
through accelerated development of the sector.
 The production capacity of SAIL is expected to increase from 13 MTPA to 50 MTPA in
2025 with total investment of US$ 24.88 billion.
 Tata Steel has decided to increase the capacity of its Kalinga agar integrated steel plant
from 3 million tons to 8 million tons at an investment of US$ 3.64 billion.
 Government Initiative

Some of the other recent Government initiatives in this sector are as follows:

 In December 2020, the Minister for Petroleum & Natural Gas and Steel, Mr. Dharmendra
Pradhan, has appealed to the scientific community to Innovate for India (I4I) and create
competitive advantages to make India ‘Aatmanirbhar’.
 In September 2020, the Ministry of Steel prepared a draft framework policy for development
of steel clusters in the country.
 On October 1, 2020, Directorate General of Foreign Trade (DGFT) announced that steel
manufacturers in the country could avail duty drawback benefits on steel supplied through
their service centers, distributors, dealers and stockyards.
 Government introduced Steel Scrap Recycling Policy to reduce import.
 An export duty of 30% has been levied on iron ore^ (lumps and fines) to ensure supply to
domestic steel industry.
 Government of India’s focus on infrastructure and restarting road projects is aiding the
demand for steel. In addition, further likely acceleration in rural economy and infrastructure
is expected to lead to growth in demand for steel.
 The Union Cabinet, Government of India approved the National Steel Policy (NSP) 2017,
as it intend to create a globally competitive steel industry in India. NSP 2017 envisage 300
million tons (MT) steel-making capacity and 160 kgs per capita steel consumption by 2030-
31.
 The Ministry of Steel is facilitating setting up of an industry driven Steel Research and
Technology Mission of India (SRTMI) in association with the public and private sector steel
companies to spearhead research and development activities in the iron and steel industry at
an initial corpus of Rs. 200 crore (US$ 30 million).
 The Government of India raised import duty on most steel items twice, each time by 2.5%,
imposed measures including anti-dumping, and safeguard duties on iron and steel items.
 COMPANY PROFILE

Tata Steel Limited is an Indian multinational steel-making company based

in Jamshedpur, Jharkhand and is head quartered in Mumbai, Maharashtra, India. It is a
subsidiary of the Tata Group.
Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among
the top steel producing companies in the world with an annual crude steel capacity of 34 million
tons per annum. It is one of the world's most geographically diversified steel producers, with
operations and commercial presence across the world. The group (excluding SEA operations)
recorded a consolidated turnover of US$19.7 billion in the financial year ending 31 March 2020.
It is the second largest steel company in India (measured by domestic production) with an
annual capacity of 13 million tons after SAIL.
Tata Steel operates in 26 countries with key operations in India, Netherlands and United
Kingdom, and employs around 80,500 people. Its largest plant (10 MTPA capacity) is located
in Jamshedpur, Jharkhand. In 2007, Tata Steel acquired the UK-based steel maker Corus. It was
ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations. It was
the seventh most valuable Indian brand of 2013 according to Brand Finance.
In July 2019, Tata Steel Kalinga agar (TSK) was included in the list of the World
Economic Forum's (WEF's) Global Lighthouse Network, showing leadership in applying
Fourth Industrial Revolution technologies to drive financial and operational impact.
Tata Steel is head quartered in Mumbai, Maharashtra, India and has its marketing
headquarters at the Tata Centre in Kolkata, West Bengal. It has a presence in around 50
countries with manufacturing operations in 26 countries including India, Malaysia, Vietnam,
Thailand, UAE, Ivory Coast, Mozambique, South Africa, Australia, United Kingdom, The
Netherlands, France and Canada.
Tata Steel primarily serves customers in the automotive, construction, consumer
goods, engineering, packaging, lifting and excavating, energy and power, aerospace,
shipbuilding, rail and defense and security sectors.
 Tata Iron and Steel Company (TISCO) was founded by Jamsetji Tata and established
by Dorabji Tata on 26 August 1907. TISCO started pig iron production in 1911 and began
producing steel in 1912 as a branch of Jamsetji Tata Group. The first steel ingot was
manufactured on 16 February 1912. During the First World War (1914-1918), the company
made rapid progress. By 1939, it operated the largest steel plant in the British Empire. The
company launched a major modernization and expansion program in 1951. Later, in 1958, the
program was upgraded to 2 million metric tons per annum (MTPA) project. By 1970, the
company employed around 40,000 people at Jamshedpur, and a further 20,000 in the
neighboring coalmines. In 1971 and 1979, there were unsuccessful attempts to nationalize the
company. In 1990, the company began to expand, and established its subsidiary, Tata Inc., in
New York. The company changed its name from TISCO to Tata Steel Ltd. in 2005.
Tata Steel on Thursday, 12 February 2015 announced buying three-strip product
services centers in Sweden, Finland and Norway from SSAB to strengthen its offering in Nordic
region. The company, however, did not disclose the value of the transactions.
In September 2017, ThyssenKrupp of Germany and Tata Steel announced plans to
combine their European steel-making businesses. The deal will structure the European assets
as ThyssenKrupp Tata Steel, an equal joint venture. The announcement estimated that the
company would be Europe's second-largest steelmaker, and listed future headquarters in
Amsterdam.
 HERITAGE

Jamsetji Nusserwanji Tata (1839 – 1904)

The foundation of what would grow to

become the Tatagroupwas laid in 1868 by
Jamsetji Nusserwanji
Tata–then 29-year-old who
Had learned the ropes of
Business while working in his father’s
Banking firm.
A Visionary entrepreneur ant avowed nation list and a committed philanthropist, Jamsetji Tata
helped pave the path to industrialization in India by seeding pioneering businesses in sectors
such as steel, energy, textiles and hospitality.

Ratan Tata (1937)

Mr. Ratan Naval Tata is the Emeritus Chairman of Tata

Sons, Tata Industries, Tata Motors, Tata Steel and Tata
Chemicals. He has been the Chairman of Tata Steel, Tata
Motors, Tata Consultancy Services, Tata Power, Tata
Global Beverages, Tata Chemicals, Taj Group and Tata
Teleservices. During his tenure, the Tata Group’s revenues
grew manifold, totaling over $100 billion in 2011-12.
Mr. Tata joined the Tata Group in 1962. After serving in
various companies, he was appointed Director-in-Charge of the National Radio Electronics
Company Limited in 1971. In 1981, he was named Chairman of Tata Industries and was
responsible for transforming it into a group strategy think-tank, and a promoter of new ventures
in high technology businesses.
 Mr. Tata currently serves on the board of directors of Alcoa and is on the international
advisory boards of Mitsubishi Corporation, JP Morgan Chase, Rolls Royce and the Monetary
Authority of Singapore. He is the Chairman of the Sir Ratan Tata Trust and the Sir Dorabji Tata
Trust, two of the largest private sector-promoted philanthropic Trusts in India. He is the
chairperson of the Council of Management of the Tata Institute of Fundamental Research. He
also serves on the board of trustees of Cornell University and the University of Southern
California.
Mr. Tata has received honorary doctorates from several universities in India and abroad.
In 2008, the Government of India honored Mr. Tata with its second-highest civilian award, the
Padma Vibhushan.

Natarajan Chandrasekaran (1963)

Natarajan Chandrasekaran is Chairman of the

board of Tata Sons, the holding company and
promoter of more than 100 Tata operating
companies with aggregate annual revenues of
more than US $100 billion. He joined the board
of Tata Sons in October 2016 and was appointed
Chairman in January 2017.

Chandra also chairs the boards of several group operating companies, including Tata Steel, Tata
Motors, Tata Power, Indian Hotels and Tata Consultancy Services (TCS)—of which he was chief
executive from 2009-17.

His appointment as chairperson followed a 30-years business career at TCS, which he joined from
university Chandra rose through the ranks at TCS to become ceo and managing director of the
leading global IIT solutions and consulting firm.
 CHAPTER 2: LITERATURE REVIEW

SHAREHOLDERS & PROMOTERS

As on 31 March 2018, Tata Group held 31.64% shares in Tata Steel. Over 1 million
individual shareholders hold approx. 21% of its shares. Life Insurance Corporation of India is
the largest non-promoter shareholder in the company with 14.88% shareholding.
1.3 SHAREHOLDERS AND PROMOTERS

Shareholders Shareholding[6]

Promoters: Tata Group

31.64%
companies

Insurance Companies 21.81%

Individual shareholders 22.03%

Foreign Institutional
15.35%
Investors

GDRs 2.41%

Others 7.05%

Total 100.00%

The equity shares of Tata Steel are listed on the Bombay Stock Exchange, where it is a
constituent of the BSE SENSEX index, and the National Stock Exchange of India, where it is
a constituent of the S&P CNX Nifty, the Global Depository Receipts (GDRs) are listed on
the London Stock Exchange and the Luxembourg Stock Exchange.

Promoters

1. TATA SONS & PVT. LTD

– No of shares 3,965,081,420 i.e. 32.24 %.

2. TATA MOTORS LTD.

– No of shares 54,962,950 i.e. 0.45 %.

3. TATA INVESTMENT CORPORATION LTD.

– No of shares 41,984,940 i.e. 0.34 %.

4. TATA INDUSTRY ITD.

– No of shares 10,425,450 i.e. 0.08 %.

1.4 COMPANY INFORMATION

Founder Jamsetji Tata

Year Founded 1907

Origin Mumbai, Maharashtra, India

No. of Employees 32,364

Company Type Private

Market Cap ₹1,61,664 Crore (2021)

Annual Revenue ₹64,869 Crore (2021)

Net Profit ₹13,606 Crore (2021)

Mission Statement

Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives
to strengthen India’s industrial base through effective utilization of staff and materials. The
means envisaged to achieve this are cutting-edge technology and high productivity, consistent
with modern management practices.
Tata Steel recognizes that while honesty and integrity are essential ingredients of a
strong and stable enterprise, profitability provides the main spark for economic activity.
Overall, the Company seeks to scale the heights of excellence in all it does in an
atmosphere free from fear, and thereby reaffirms its faith in democratic values.

Vision Statement

 Be a pioneer of development finance in the country.

 To be the global steel industry benchmark for Value Creation and Corporate Citizenship.

 A satisfying and excellent work.

Quality Policy

 Becoming the supplier of choice, delivering premium products and services, and
creating value for our customers
 In adherence to the Tata Code of Conduct, Tata Steel’s policies pertain to active sets
of principles in different areas of operation that help bring uniformity in processes by
clearly defining the company’s approach.
 Providing a safe workplace, respecting the environment, caring for our communities
and demonstrating high ethical standards.
 Fostering teamwork, nurturing talent, enhancing leadership capability and acting with
pace, pride and passion
 Developing leading-edge solutions in technology, processes and products
 Competitors Information

1.5 Company competitor’s information

Market Cap. Sales

Total
Name Last Price Net Profit
Assets
(Rs. cr.) Turnover

JSW Steel 858.65 209,978.90 131,687.00 4,937.00 118,830.00

Tata Steel 134.35 165,214.73 129,006.62 15,495.11 172,976.52

Hindalco 569.2 127,911.56 76,878.00 3,326.00 70,797.00

Jindal Steel 722.6 73,711.57 51,180.08 2,426.83 52,432.23

NMDC 195.75 57,366.61 17,666.88 5,528.63 22,748.29

SAIL 110.8 45,766.22 104,447.36 1,903.07 77,800.96

Jindal Stainless 546.65 45,013.05 35,030.35 2,014.00 14,946.38

APL Apollo 1,594.15 44,239.59 14,279.29 511.92 2,969.53

KIOCL 377.6 22,948.68 1,543.42 -97.67 2,413.68

NMDC Steel 51.45 15,077.97 -- -- 20,890.46

SWOT Analysis

Strength

A company’s strengths are the internal factors that provide it with an advantage
in establishing a larger client base and high profitability. Let’s look at how Tata Steel
compares to its peers in terms of competitive strength –

 Integrated operations in India: The entire process of extraction from mines and
ores to producing finished steel material is integrated in India though it is a technical
part, they have that equipment support. The integrated operations save tons of your
time and price and maintain the specified quality.
 Market Position: Tata Steel is one of among foremost important steel manufacturers
on the planet and thus the world’s second most geographically diversified steel
producer. It has a strong presence in Asia-pacific and Europe.
 Product Portfolio: You can see that Tata Steel features a wide selection of products
starting from flat steel products, agricultural implements, construction products, and
many more. A diversified product portfolio ensures revenue due to different markets
around the world.
 Trust of TATA: Tata is one among the foremost trusted and popular brands not only
in India but also everywhere on the planet because of their quality. The association of
the name provides immense brand equity to the corporation at the same time.
 Global footprint: Tata Steel has a presence in over 50 countries with operations in
over 26 countries, which increase its penetration and share.
 Capability & Adaptability: Every year this Company raises over 14 million tonnes
of ores from its captive collieries, iron ore mines, and quarries. A fast-changing
environment is the main adaptability of the company. Operations in 26 countries and
a billboard presence in over 50 countries.
Weakness

Weaknesses are qualities of a business or brand that need to be improved. The

following are some of Tata Steel major flaws:

 Over-dependence on Europe: Though it is an Indian brand, you may know over 50

per cent of Tata Steel’s business comes from Europe and thus any economic
slowdown within Europe affects Tata Steel’s revenues.
 Mistry’s fiasco: The fallout between Ratan Tata and Cyrus Mistry has hurt the image
of the Tata group, which also translates to Tata Steel.
 Disintegrated operations in Europe: Although Tata Steel’s operations in India are
integrated; its operations in Europe are disintegrated and hence are hooked into
various other suppliers from the other countries. For this reason, this affects control
on quality and increased costs.
 Functional Issues: Operational efficiency is not as good as international leaders.
Slightly lagging on the technological front.

Opportunities

Opportunities are potential areas that give a firm the opportunity to improve its
outcomes, increase sales, and profit. Tata Steel has the following opportunities:

 Adapt newer technologies: Tata Steel lags behind its competitors within the
technology front and has a chance to adopt newer technologies like the Cortex
process, His melt process, direct iron ore smelting, etc.
 Increasing demand for steel in India: The steel market in India is predicted to grow
within the next 4 years thanks to the expansion within the housing industry and
manufacturing facilities in India. This will certainly benefit Tata Steel.
 Global Expansion: Growth in the manufacturing, construction and automotive
industry within the future will drive the expansion within the industry and Tata Steel
 is set to benefit from it. Public-private partnership. Acquisition of coal blocks in Asia,
Africa, etc.

Threats

Threats are external factors that may have an impact on a company’s growth. The
following are some of Tata Steel threats:

 Intense competition: JSW Steel, Essar Steel, and ArcelorMittal, etc. are still the
main competitors of Tata Steel. This reduces its market share worldwide according to
the previous experience.
 Government and Environmental regulations: Increases compliance costs for the
corporate cause Tata Steel is subjected to stringent governmental and environmental
regulations in mining also as production.
 Decreasing global steel prices: Excess production in China meant that it supplied
steel cheaper to the planet, which forced the method to lower down throughout the
planet. Rising coking coal prices.
 Miscellaneous issues: India is plagued with violent agitation against land acquisition.
Government & regulatory norms. International competition also hampers their
business.
Future Growth & Prospects

The Vision, Mission and Values of the organization, along with the strategic direction
provided by the Senior Leadership Team, influence Tata Steel ltd. future growth strategy
planning process. As part of the process, we examine both external and internal business
environment and factor in potential risks and opportunities that could disrupt the industry.
Materiality assessment provides insights to the changing needs of all our stakeholders.

Tata steel ltd. Company’s long-term strategies and annual business plans are
formulated as an outcome of the integrated strategy planning process. The overall strategy
and plans are cascaded down to individual divisions/departments with clearly defined
responsibilities across all employee levels.
 We aspire to be the most valuable and respected steel company globally by 2030. In pursuit
of this goal, we have refreshed our long-term strategies and extended the horizon to 2030.
The priority for the next five years is to improve the structural and financial strength of the
Company. This will provide the foundation for growth thereafter.

Leadership in India

Achieve scale to meet the growing steel demand in India and be the most respected and
preferred choice of discerning customers.

Consolidate position as global cost leader

We aspire to be a global benchmark in operational efficiency, ensure raw material security

and strengthen our logistics infrastructure.

Attain leadership position in adjacent businesses

To achieve Tata Steel’s vision of the future, it is important to explore and lead in adjacent
businesses that leverage our capability and market opportunity. The approach is to have a
capex-lite business model, differentiated through innovative solutions, technology and
knowledge

Leadership in sustainability

Tata Steel aspires to take a leadership role in sustainability in the steel industry. Technology
will be a key enabler to address the growing challenge in a hard to abate sector such as steel
Customer satisfaction is a measure of a customer's satisfaction with aservice or product received
from a company. Satisfaction does not only depend on the quality and type of customer
experience, but also on the customer’s expectations.

A customer is defined as someone who has a mutual relationship with and a company and
effected by a company. Customers require and depend on one or more of their products or
services from a company.

A Study on Analysis of Profitability Position of Tata Steel Limited. Analysis of profitability

is more important to every business organization. Profitability gives an idea of operating
efficiency to a firm. Higher profitability shows high performance and lower will indicate the
lower performance. The study used only the secondary data to attain the objectives of the study.
The data take from 15 financial year annual reports of Tata Steel Limited from 2000-01 to
2014-15. To analyze the profitability statement were Simple Percentage Analysis and Ratios
are used in the present study. Profitability of Tata Steel (stand-alone) is at the appreciable level.
Even then, if it takes some steps by generating internal sources the profitability position will
be increased more than the present level.

Acharya (2013) compared the liquidity position of TATA Steel Ltd. and SAIL and studied the
relationship that exists between liquidity and profitability of both the companies. The purpose
of the study was to investigate the liquidity management efficiency and profitability position
of selected steel companies. Therefore, an attempt was made to investigate the liquidity
position and its impact on the profitability of Tata Steel Ltd. and Steel Authority of India Ltd
for a period of ten years ranging from 2004 to 2013. Various accounting ratios were analyzed
with the help of statistical techniques, such as multiple correlations, multiple regression
analysis and t-test. Through the analysis of the data, it was found that liquidity position had
positive impact on the profitability of the selected firms.
Features of Customer Satisfaction

Customer satisfaction is very crucial for the growth of any business. At Tata Steel,
value creation is the process of going beyond meeting the customer's basic needs. This is done
by understanding the customer, through inputs and observations. Some of the features of
customer satisfaction are the following:-

• Customer need identification through a number of active listening and learning

mechanisms.

• Analyses and prioritization of inputs.

• Evaluation of ‘potential value for customers’ and feasibility checks.

Relationship between customer and business

It is imperative that Tata steel ltd. company keep pace with the growing needs of
customers, primarily those in the Automotive and Construction sectors. They aim to deliver
enhanced benefits through customized services and solutions and value-added products
throughout the customer’s purchase journey. They are foraying into new lines of business to
insulate ourselves from the cyclicality of the steel industry through continuous development of
solutions beyond steel such as Pravesh Steel Doors and Windows.

The key differentiator of our marketing strategy has been our ability to develop and
sustain relationships with our customers and channel partners, while managing a countrywide
distribution network.

A customer survey will help the customer service representative in understanding a

customer in a better way, which creates a positive relationship between both parties. Once the
product is delivered to the customer, a follow up with them will help in the likelihood of repeat
business. This will indicate the purchaser that the company cares about customer satisfaction.
Reliability

Reliable to its customers is the main foundation of a company. By responding quickly to

questions or problems, keeping promises, providing replacement products or services in a
timely fashion indicate to customers that the company is committed to reliable customer
satisfaction.

Product Knowledge and safety

For the effective customer satisfaction extensive knowledge of the products and
services is important. Customer would want proper information regarding their product before
they buy therefore knowledge about the service and products is necessary, give information
about how to use product, what are the new features in the product, product martial safety the
customer should know before purchasing the product.
By updating the customer regularly about the new products and providing extensive
FAQs on a company website will show the customer that the employee are thorough with their
knowledge and customer will be satisfied.

The Importance of Customer Satisfaction

Success of any business depends on several factors and one of the most important factor
is customer satisfaction. Customer satisfaction is very crucial for the growth of any business.
Satisfaction does not only depend on the quality and type of customer experience, but
also on the customer’s expectations. Even if the company offers higher price over a cheap
product or service as long as they are treatedright majority of customer will choose the company
that keeps them satisfied. Therefore, it is necessary to satisfy customers with good service than
offering them lucrative prices. By good trust and by being loyal with the customers they will
keep on coming back to buy the product and services from the company.
The feedback of customer

Through constant feedback from the customer satisfaction, it will help in the
improvement of the production and services. By simply asking the customer it will help the
company to understand what are they lacking and both positive and negative feedback, which
will help them in improvising their products and services.

Objectives of Customer Satisfaction Survey program

Set of objectives are necessary for any customer survey program. Customer survey should
meet the most objectives and some of the most basic objectives are the following:-

 To know the expectations and necessities of customers.

 To determine the satisfaction of the customers towards the product of the company
and improve on their expectation and requirements.
 Based on the findings develop service and product

 In order to take action on a timely basis examine the trend over time

 To know how well the company meet these goals by establishing priorities and
standardsto judge.

Ways to find out customer satisfaction

Once the customer has made a purchase or received a service from the company then the
companytends to shop a customer satisfaction survey, which is also known as questionnaire. To
measure thecustomer satisfaction there are five different situation and each of these serves a
different purpose.Therefore asking the right question is very important.
 CHAPTER 3: RESEARCH DESIGN

TOPIC CHOSEN FOR THE STUDY

• “FINANCIAL PERFORMANCE OF TATA STEEL LTD. COMAPANY.”

PERIOD OF RESEARCH

• Period of six weeks.

RESEARCH METHODOLOGY

Research methodology is a way to systematically solve the research problem .It

may be understood as a science of studying how research is done scientifically. Therefore, the
research methodology not only talks about the research methods but also consider the logic
behind the method used in context of the research study.

NEED OF THE STUDY

 To know the financial position of Tata steel.

 To bring out the results of financial strength and weakness of industry through Ratio
analysis.

 To know the correct picture of financial operation of the industry in terms of liquidity
and solvency.
 OBJECTIVES OF THE STUDY

 To find out which facilities influence customers the most while selecting a bank.

 To compare various products and services provided by the company.

 To find out the customers preference out of the different products and services
offered.

 To find out the satisfaction level of the customers towards the tata steel ltd. Company.

SCOPE OF THE STUDY

In today’s scenario, the Tata steel industry has grown rapidly and various products
and services have come into existence. Following are the finding of the study:

 The scope of the study is limited to collecting financial data published in the
annual report of the company every year.

 Company’s improvements in the products and services.

 The ratio analysis is done to suggest the possible solutions. The study is carried out
for 5years data of Tata steel
 RESEARCH DESIGN

Descriptive research used in this study because it will ensure the minimization of
bias and maximization of reliability of data collected. The researcher had to use fact and
information already available through financial statements of earlier years and analyses these
to make critical evaluation of available material. Hence, by making the type of research
conducted to be both Descriptive and Analytical in nature.

Data Collection

DATA COLLECTION METHOD

In this research, internal and external source of data are used. The raw materials were collected
through researchers. Collecting data from company records and document, these are all internal
data and other data are external.

In data collection, there are two types-

• Primary data
Primary data is data originated for the first time by the researcher through direct efforts and
experience, specifically for addressing his research problem. Also known as the first hand or
raw data. The data can be collected through various methods like surveys, observations,
physical testing, mailed questionnaires personal interviews, telephone interviews, case studies
etc.

• Secondary data
Secondary data implies second hand information, which is already collected and recorded by
any person other than a user for a purpose, not relating to the current research problem. It is
the readily available form of data collected from various sources like censuses, government
publication, and internal records of the organizations, reports books, journal articles, and
websites and so on.
SOURCES OF DATA

The required data for the study are secondary in nature and the data are collected from the
audited reports of the company. The sources of data are from the annual reports of the company
from the year 2016 TO 2022.

METHODS OF DATA ANALYSIS

The data collected were classified and tabulated for analysis. The analytical tool used in this
study. The study employs the following analytical tools:

 Graph

 Ratio analysis


LIMITATION OF THE STUDY

The study is based on secondary data, obtained from the publish report and as its finding
depends entirely on the accuracy of such data. A period of 6 weeks was not sufficient to cover
our internship and it was not possible to collect large number of respondents in Mumbai due
to which the study could not be done in depth of the subject.
 CHAPTER 4: ANALYSIS & INTERPRETATION

4.1 Current ratios

Current ratio = current asset/current liabilities

Year Current assets Current liabilities Current ratio

2016 14421.49 21087.99 0.68

2017 20110.4 23056.33 0.87

2018 34643.91 25607.34 1.35

2019 17035.58 25593.65 0.67

2020 20009.19 30871.3 0.65

Current ratio compares current assets with current liabilities and tell us whether the current
assets are enough to settle current liabilities. It is inferred from the table that the higher current
ratio of Tata steel is 1.35 in the year 2018 and the lower was 0.65 in the year 2020. The ratio
of 1.2 to 2 or above is usually considered safe. Tata steel is in poor condition to pay back its
debts. Hence, the current ratio of Tata steel is dissatisfactory.

CURRENT RATIO
1.6 40000

1.4 35000

1.2 30000

1 25000

0.8 20000

0.6 15000

0.4 10000

0.2 5000

0 0

Series 1 Series 2 Series 3

4.2 LIQUID RATIO

Liquid ratio= current assets- inventory- prepaid expenses/current liabilities

Year Liquid assets Current liabilities Liquid ratio

2016 7337.68 21087.99 0.35

2017 9873.55 23056.33 0.43

2018 23620.5 25607.34 0.92

2019 5780.24 25593.65 0.23

2020 9292.53 30871.3 0.3

Is said to be the ideal quick ratio. Indicating that company has in its possession enough assets,
which may be immediately liquidated for paying off the current liabilities. The table shows that
the highest liquid ratio of Tata steel is 0.92 in the year 2018 that is not more than the ideal ratio.
Hence, the liquid ratio of the company is dissatisfactory.

Liquid ratio

0.9

0.8
0.7

0.6
Liquid ratio
0.5

0.4

0.3
0.2
2016 2017 2018 2019 2020
0.1
 4.3 Tata steel dividend per share

Announcement Date Ex-Date Dividend Type Dividend (%) Dividend (Rs)

5/5/2023 12/6/2023 Final 480 48

25-04-2022 2/6/2022 Final 550 55

27-04-2021 16-06-2021 Final 240 24

27-05-2020 1/7/2020 Final 180 18

10/5/2019 15-07-2019 Final 200 20

6/5/2018 13-07-2018 Final 180 18

For the year ending March 2023 Tata Investment Corporation has declared an
equity dividend of 480.00% amounting to Rs 48 per share. At the current share, price of Rs
4303.20 these results in a dividend yield of 1.12%.
4.4 TATA STEEL LTD. REVENNUE PER SHARE

23-Mar 22-Mar 21-Mar 20-Mar 19-Mar

Revenue from
Operations/Share
(Rs.) 171.69 123.42 78.81 122.1 203.77

In 2022-23, the revenue of Tata companies, taken together, was $150 billion (INR 12 trillion). These
companies collectively employ over 1 million people. Each Tata company or enterprise operates
independently under the guidance and supervision of its own board of directors.
 4.5 NET INCOME PER EMPLOYEE

YEARS NET INCOME PER EMPLOYEE EMPLOYEES COST

2022 5.75 3601.51

2021 1.11 4212.99

2020 0.17 4384.31

2019 1.21 4273.1

2018 2.72 3966.73

The highest-paying job at TATA Steel is a Chief Medical Officer with a salary of ₹86.7 Lakhs per
year. The top 10% of employees earn more than ₹21.25 lakhs per year. The top 1% earn more than a
whopping ₹50 lakhs per year.
 LONG TERM FINANCIAL POSITION RATIO OR SOLVENCY RATIO

4.6 DEBT EQUITY RATIO

Debt equity ratio = long term borrowing (Debt) / shareholder funds

(Rs. Crore)

Year debt Shareholders fund Debt equity ratio

2016 29368.4 70476.72 0.41

2017 36475.1 49659 0.73

2018 35717.2 61514.82 0.58

2019 39175 70454.71 0.55

2020 42683.1 74563.12 0.57

The debt equity ratio is a financial ratio indicating the relative proportion of shareholders equity and
debt used to finance company assets. Debt to equity ratio greater than 1 indicate the company may be
overleveraged. In all the years’ debt, equity ratio of a company is less than one. Hence, the company
is good in maintaining its debt position.

Debt equity ratio

0.8
0.7

0.6

0.5

0.4

0.3 Debt equity ratio

0.2
0.1

2016 2017 2018 2019 2020

4.7 PROPRIETARY RATIO
Proprietary ratio = shareholder funds / total assets
(RS. CRORE)

year Shareholders fund Total assets Proprietary ratio

2016 70476.72 123208.15 0.57

2017 49659 111465.41 0.44

2018 61514.82 125114.34 0.49

2019 70454.71 137498.36 0.51

2020 74563.12 150392.56 0.49

The high proprietary ratio indicates that a company has a sufficient amount of equity to support the
function of business. The ideal value of the proprietary ratio is depend on the risk appetite of the
investors. If investor agree to take large amount of risk than a lower proprietary ratio is preferred. It is
inferred from the table that the proprietary ratio of Tata steel is higher in the year 2016 (0.57) and
lower in the year 2017 (0.44). Hence, proprietary ratio of the company is satisfactory.

Proprietary ratio
0.6

0.5

0.4
Proprietary ratio

0.2

0.1

2016 2017 2018 2019 2020

4.8 RETURN ON EQUITY
Return on equity = net profit after tax and preference dividend/ (share capital+ reserve and surplus) X 100
(RS.CRORE)

Net profit after tax and

Year Share capital + reserve and surplus Return on equity
preference Dividend

2016 4900.95 70476.72 6.95

2017 3444.55 49659 6.93

2018 4169.55 61514.82 6.77

2019 10533.19 70454.71 14.95

The return on equity signifies how good the company is in generating returns on the investment
it received from his shareholders. It is inferred from the table that the return on equity of Tata
steel is higher in the year 2019 (14.95%) and the lower in 2018 that was (6.77%).

Return on equity
16
14

12

10

Return on equity
6
4

2016 2017 2018 2019 2020

4.9 Return on capital employed

Return on capital employed= net profit before interest and tax / capital employed X 100
Capital employed= total assets – current liabilities

Net profit before Return on capital

Year Capital employed
interest and tax

employed
2016 11102.45 102120.16 10.87

2017 12290.41 88409.08 13.9

2018 16542.62 99507 16.62

2019 22968.02 111904.71 20.52

Return on capital employed measures the efficiency with which investment made by the
shareholders. It is inferred from the table that the return on capital employed is higher in the year
2019 (20.52%) and lower in the year 2016 (10.87%)

Return on capital employed

25

20

15
Return on capital
Employed

0
2016 2017 2018 2019 2020
 PROFITABILITY RATIOS

4.10 GROSS PROFIT RATIO

Gross profit ratio = (gross profit/net sales) x 100

year Gross profit Net sales Gross profit ratio

2016 6154.9 37814.69 16.27

2017 9601.86 47296.99 20.3

2018 13732 58550.68 23.45

2019 20144.44 68923.15 29.22

2020 12234.68 58815.57 20.8

Gross profit ratio measures the relationship of gross profit and net sales. Higher ratio is better.
The higher ratio indicates an increase in the selling price of the goods sold without any
corresponding increase in the cost of goods sold.

35
Gross profit ratio

30

25

Gross profit
20 ratio
10

2016 2017 2018 2019 2020

For the last 4 year, the gross profit ratio of Tata steel has been grown upwards consistently but
in the year 2020, it decreases. Overall, It indicate that the gross profit ratio is increased over
a period of time. It shows the good progress of the company. It is inferred from the table that
the gross profit ratio is higher in the year 2019 (29.22%) and lower in the year 2016 (16.27%).
4.11 NET PROFIT RATIO

Net profit ratio = (net profit / net sales) x 100

year Net profit Net sales Net profit ratio

2016 4900.95 37814.69 12.96

2017 3444.55 47296.99 7.28

2018 4169.55 58550.68 7.12
2019 10533.19 68923.15 15.28

2020 6743.8 58815.57 11.46

Net profit ratio shows the relationship between net profit and net sales. Higher the ratio
indicates that operational efficiency of the concern. It can be observed from table that the net
profit ratio of Tata steel shows that there is decrease in the net profit margin from the year 2017
to 2018 as compared to 2016.The higher net profit ratio was observed in the year 2019 that
was 15.28% and the lower in the year 2018 (7.12%).

Net profit ratio

18
16

14

12

10

6 Net profit ratio

2016 2017 2018 2019 2020

4.12 OPERATING PROFIT RATIO

Operating profit ratio = (operating profit / net sales) x 100

Operating profit
year Operating profit Net sales ratio

2016 7611.79 37814.69 20.12

2017 11875.95 47296.99 25.1
2018 15778.96 58550.68 26.94
2019 20562.94 68923.15 29.83

This ratio is used to measure the operational efficiency of the management. It is inferred from the
table that from the last 4 year, the operating profit ratio of the company has been grown upwards
consistently but in the year 2020, it decreases.
The highest operating ratio was observed in the year 2019 (29.83%) and lowest is observed in the
year 2016 (20.12%).

Operating profit ratio

35

30

25

20
Operating profit ratio
15
10

0
2016 2017 2018 2019 2020
 CHAPTER 5: FINDINGS, SUGGESTIONS

FINDINGS

 The higher current ratio of the Tata steel is 1.35 in the year 2018 and the lower was 0.65 in
the year 2020.
 Higher liquid ratio of Tata steel is 0.92 in the year 2018 and lower was 0.23 in the year 2019
and it was 0.30 in the year 2020.
 The Gross profit ratio of Tata steel has been grown upwards consistently from 2016 to
2019. It was high in 2019 (29.22%) and low in 2016 (16.27%) and 20.80% in the year
2020.
 The Net profit of Tata steel shows that there is decrease in the net profit margin in the year
2017 (7.28%) and 2018 (7.12%) as compared to 2016 (12.96%) it was high in the year
2019 (15.28%) and low in the year 2018 (7.12%) It was 11.46% in the year 2020.
 The operating profit ratio of Tata steel Tata steel has been grown upwards consistently from
2016 to 2019. It was high in 2019 (29.83%) and low in 2016 (20.12%) and 25.26% in the
year 2020.
 Return on equity of Tata steel is high in the year 2019 (14.95%) and was low in 2018
(6.77%) and 9.04% in the year 2020.
 Return on capital employed of Tata steel is high in the year 2019 (20.52%) and was low in
2016 (10.87%) and 12.77% in the year 2020.
 Debt equity ratio of Tata steel is low in the last five years and it was 0.57 in the year 2020.
Lower debt equity ratio shows a good performance of a company.
 The proprietary ratio of Tata steel is higher in the year 2016 (0.57) and lower in the year
2017 (0.44) and 0.49 in the year 2020.
 SUGGESTIONS

From the findings and analysis of Tata steel ltd for the last five year, we can
conclude somesuggestions for company so that the company can be more efficient to
generate profit.

 Current ratio of Tata steel ltd is low it should increase its current ratio where it can meet
it short-term obligation smoothly. 

 The company should be maintaining a sound short-term debts paying capacity in future
because the use of more amount of external funds may lead to short-term insolvency. 

 Liquid ratio of Tata steel ltd is low. Therefore, I suggest that a company maintain proper
liquid funds. 

 All operational and related activities should be performed efficiently and effectively. 

 Tata steel ltd has sound solvency position but the Company has to avail on the benefit of
trading on equity. 

 The government intervention in promoting ‘Make in India’ in public

procurement has resulted in Indian companies garnering over Rs 50 billion in
projects.

 For the very existence and growth, every company has to earn adequate profit.
As regards profitability, the company witnessed a fluctuating trend throughout
the study period, which is not desirable from the management of
The company. To keep the shareholders‟ happy and reliable the rate of return
to the equity shareholders should be consistent in the years to come.
 CONCLUSION

Efficient management of finance is very important for the success of an enterprise.

Term financial performance is very dynamic term. The subject matter of financial
performance has been changing very rapidly. In present time, greater importance is given
to financial performance. So, here an attempt is made by me to analyze the financial
performance of TATA STEEL LTD. While analyzing the financial performance it can be
concluded that TATA Steel is performing good in terms of Quick assets, better inventory
management, and management of fixed assets, gross profit, return on capital employed
and dividend payout ratio. These factors plays important role in forming company
strategic and operational thinking. Efforts should constantly be made to improve the
financial position up to next level of performance in order to make benchmark. This will
yield greater efficiencies and improve investor satisfaction. Lastly, the policy adopted by
government of India under National steel policy (2017) and policy on preference to
domestically manufactured iron and steel products is expected to provide the much
necessary momentum to the iron and steel sector of the country.
 BIBLIOGRAPHY

ARTICLES

Kothari C.R, (1990), Research methodology methods and techniques, University of

Rajasthan, New age international (p) limited.

Gupta S.P & Gupta K.L. Management and cost accounting, Sahitya bhavan publication.

Gupta Shashi k & Sharma RK, management accounting, Kalyani publisher.

Pandey I M, financial management, vikas publishing house pvt.ltd.

WEBLIOGRAPHY

https://www.moneycontrol.com/financials/tatasteel/balance-sheetVI/TIS
https://money.rediff.com/companies/Tata-Steel-Ltd/15510001/results-
annualhttps://en.wikipedia.org/wiki/Tata_Steel
https://www.ibef.org/industry/steel.aspx
 ANNEXURE

LAST 5 YEARS PROFIT & LOSS ACCOUNT AND BALANCE SHEET OF TATA STEEL LTD.

Balance Sheet AS AT MARCH 31, 2018 (IN CRORE)

As at March
Balance Sheet AS AT MARCH 31, 2018 31,2018 As at March 31,2017
Assets

I Non-current assets

A) Property, plant and equipment 70,942.90 71,778.97

B) Capital work-in-progress 5,641.50 6,125.35

C) Intangible assets 786.18 788.18

D) Intangible assets under development 31.77 38.61

Investments in subsidiaries, associates and joint

E) ventures 3,666.24 3,397.83
F) Financial assets
(i) Investments 5,970.32 4,958.07
(ii) Loans 213.5 211.97
(iii) Derivative assets 12.13 0.12
(iv) Other financial assets 21.21 79.49
Income tax assets (net)
G) 1,043.84 867.75
Other assets
H) 2,140.84 3,108.67
Total non-current assets
90,470.43 91,355.01
II Current assets
Inventories
A) 11,023.41 10,236.85
Financial assets
B)
(i) Investments 14,640.37 5,309.81
(ii) Trade receivables 1,875.63 2,006.52

(iii) Cash and cash equivalents 4,588.89 905.21

(iv) Other balances with bank 107.85 65.10

(v) Loans 74.13 27.14
(vi) Derivative assets 30.07 6.26

(vii) Other financial assets 480.62 315.06

Other assets
C) 1,822.94 1,238.45
 Total current assets
34,643.91 20,110.40
Total assets
1,25,114.34 1,11,465.41
Equity and Liabilities

Equity
III
Equity share capital
A) 1,146.12 971.41
Hybrid perpetual securitie
B) 2,275.00 2,275.00
Other equity
C) 60,368.72 48,687.60
Total equity
63,789.84 51,934.01
Non-current liabilities
IV
A) Financial liabilities

(i) Borrowings 24,568.95 24,694.37

(ii) Derivative liabilities 70.08 179.33

(iii) Other financial liabilities 19.78 18.22
Provisions
B) 1,961.21 2,024.74
Retirement benefit obligations
C) 1,247.73 1,484.21
Deferred income
D) 1,365.61 1,885.19
Deferred tax liabilities (net)
E) 6,259.09 6,111.27
Other liabilities
F) 224.71 77.74
Total non-current liabilities
35,717.16 36,475.07
Current liabilities
V
Financial liabilities
A)

(i) Borrowings 669.88 3,239.67

(ii) Trade payables 11,242.75 10,717.44

(iii) Derivative liabilities 16.41 270.17

(iv) Other financial liabilities 6,541.40 4,062.35

Provisions
B) 735.28 700.60
Retirement benefit obligations
C) 90.5 56.58
Income tax liabilities (net)
D) 454.06 465.72
Other liabilities
E) 5,857.06 3,543.80
Total current liabilities
25,607.34 23,056.33
Total Equity and Liabilities
1,25,114.34 1,11,465.41
 Balance Sheet AS AT MARCH 31, 2019
(IN CRORE)

As at March As at March
BALANCE SHEET AS AT MARCH 31, 2019 31,2019 31,2018
Assets
I Non-current assets
A) Property, plant and equipment 1,18,450.97 90,322.78
B) Capital work-in-progress 17,956.51 16,159.80
C) Goodwill on consolidation 3,996.62 4,099.45
D) Intangible assets under development 2,679.02 2137.27

E) Equity accounted investments 1,922.95 1,781.22

F) Financial assets
(i) Investments 1,290.36 1,209.28
(ii) Loans 613.34 717.34
(iii) Derivative assets 108.74 29.16
(iv) Other financial assets 570.06 87.91
G) Retirement benefit assets 19,964.19 20,570.87
H) Non-current tax assets 1574.78 1152.76
I) Deferred tax assets 808.95 1,035.80
J) Other assets 4,654.92 2,577.14
Total non-current assets 174,591.41 141,880.78
II Current assets
A) Inventories 31,656.10 28,331.04
B) Financial assets
(i) Investments 2,524.86 14,908.97
(ii) Trade receivables 11,811.00 12,415.52
(iii) Cash and cash equivalents 2,975.53 7,783.50
(iv) Other balances with bank 365.84 154.35
(v) Loans 239.70 256.48
(vi) Derivative assets 359.11 150.95
(vii) Other financial assets 1,248.56 610.60
C) Retirement benefit assets 4.38 2.91
D) current tax assets 133.94 62.28
E) Other assets 3,529.70 3,098.09
Total current assets 54,848.72 67,774.69
III Asset held for sale 4142.26 102.47
Total assets 233582.39 209757.94
Equity and Liabilities
 IV Equity
A) Equity share capital 1,144.94 1144.95
B) Hybrid perpetual securities 2,275.00 2,275.00
C) Other equity 65,505.14 57,450.67
Equity attainable to owner of the company
68,925.08 60,870.62
Non- controlling interests 2,364.46 936.55
Total equity 71,289.54 61,807.14
V Non-current liabilities
A) Financial liabilities
(i) Borrowings 80,342.73 72,789.10
(ii) Derivative liabilities 59.82 85.04
(iii) Other financial liabilities 270.58 105.83
B) Provisions 4,046.21 4,338.24
C) Retirement benefit obligations 2,653.46 2,516.56
D) Deferred income 906.80 1,526.58
E) Deferred tax liabilities (net) 12,459.89 10,569.88
F) Other liabilities 519.23 358.16
Total non-current liabilities 101,258.72 92,289.39
VI Current liabilities
A) Financial liabilities
(i) Borrowings 10802.08 15,884.98
(ii) Trade payables
a) total outstanding dues of micro and small
enterprises
169.74 32.21
b) total outstanding due of creditors other than
micro and small enterprises

21,547.22 20,381.60
(iii) Derivative liabilities 416.59 468.79
(iv) Other financial liabilities 16,737.83 9,791.78
B) Provisions 1248.72 1,269.64
C) Retirement benefit obligations 120.69 110.36
D) Deferred income 16.51 6.21
E) current tax liability 636.42 783.47
F) Other liabilities 7912.21 6,932.26
Total current liabilities 59,608.01 55,661.30
VII Liability held for sale 1,426.12 0.11
Total Equity and Liabilities 233582.39 209757.94
 Balance Sheet AS AT MARCH 31, 2020

(IN CRORE)

BALANCE SHEET AS AT MARCH 31,

As at
2020 As at March March
31,2020 31,2019
Assets
I Non-current assets
A) Property, plant and equipment 4,435.37 4,640.06
B) Capital work-in-progress 1,559.13 282.42
C) Intangible assets 105.77 117.05
D) Intangible properties 157.59 160.97
6,257.86 5,200.50
E) Financial assets
(i) Investments - -
F) other Non-current tax assets 111.92 322.88
G) Non-current tax assets 880.76 1077.49
H) Deferred tax assets 203.00 235.00
Total non-current assets 7,453.54 6,835.87
II Current assets
A) Inventories 4,873.95 3,579.21
B) Financial assets
(ii) Trade receivables 1,533.12 1,987.86
(iii) Cash and bank balance 3,317.97 1,044.04
(iv) Other balances other than (ii) above
46.87 50.32
(vi) Other financial assets 813.40 792.80
C) Other assets 663.11 694.55
D) Asset held for sale 93.42 281.11
Total current assets 11,341.84 8,429.89
Total assets 18795.38 15265.76
Equity and Liabilities
IV Equity
A) Equity share capital 599.19 599.19
B) Other equity
(i) Retained earnings 10,137.38 7,463.97
(ii) other components of equity 544.71 544.71
Total equity 11,281.28 8,607.87
V Non-current liabilities
A) Financial liabilities
(iii) Other financial liabilities 1400 1400
B) Provisions 910.65 820.80
 C) Retirement benefit obligations 557.28 511.82
Total non-current liabilities 2,867.93 2,732.62
VI Current liabilities
A) Financial liabilities
(i) Trade payables 3,751.23 3,296.22
a) total outstanding dues of micro and small enterprises
23.52 47.32
b) total outstanding due of creditors other than micro and
small enterprises

2,727.71 3,248.90
(ii) Other financial liabilities 500.52 68.57
B) Provisions 102.49 119.95
C) Employee benefit obligations 23.12 23.01
D) Other current liabilities 263.51 293.25
E) current tax liability (net) - 116.39
liabilities directly associate with assets classified as held for sale
F) 5.3 7.88
Total current liabilities 4,646.17 3,925.27
Total Equity and Liabilities 18795.38 15265.76

PROFIT & LOSS FOR THE YEAR ENDEND MARCH 31, 2020

PROFIT & LOSS FOR THE YEAR ENDEND MARCH

31,2020 For the year For the year
ended March ended March
31,2020 31,2019
CONTINUING OPRATIONS

1 Revenue 27888.84 28721.37

2 Other income 405.32 508.44
3 Total income 28294.16 29229.81
4 Expenses
A. Cost of martial consumed 3174.12 2639.02
B. changes in inventories of
finished goods and work in
progress 866.68 154.39
C. Employee benefit expense 4561.89 4676.61
D. Finance costs 12.62 56.19
 E. Depreciation and amortization
expense 606.96 611.35
F. other expense 18676.44 18935.11
TOTAL EXPENSES
26165.35 27072.67

Profit before exceptional items

and tax 2128.81 2157.14
exceptional items 1843.18 -

5 Profit before tax 3971.99 2157.14

6 Tax expense

A. Current tax 3971.99 790.31

B. Income tax relating to earlier

years 1042.34 -
C. deferred tax 29.33 47.94
TOTAL TAX EXPENSES
1103.67 742.37
7 Profit after tax form continuing 2868.32 1414.77
A. Profit / loss before tax 104.16 162.5
B. Tax expenses 26.21 56.78

8 Profit / loss after tax 77.95 105.72

 BALANCE SHEET AS AT MARCH 31, 2021

(IN CRORE)

As at March As at March
BALANCE SHEET AS AT MARCH 31, 2021 31,2021 31,2020
Assets

I Non-current assets
A)
Property, plant and equipment 64,032.32 66,392.35
B)
Capital work-in-progress 10,057.18 8,070.41
C)
Right of use assets 3,905.97 4,113.31
D) Intangible assets
839.33 727.72
E)
Intangible assets under development 408.79 176.64
F)
Investment in subsidiaries, associate and joint
venture 28,444.61 26578.41
G)
Financial assets
(i) Investments 22,621.66 20,282.50
(ii) Loans 7509.33 199.26
(iii) Derivative assets 42.52 162.46
(iv) Other financial assets 91.66 60.42
H) Non-current tax assets
1645.1 1557.82
I) Other assets
1,681.22 2,062.07
Total non-current assets
141,279.69 130,383.37
II Current assets
Inventories
A) 80,603.79 10,716.66
Financial assets
B)
(i) Investments 6,404.46 3,235.16
(ii) Trade receivables 3,863.31 1,016.73
(iii) Cash and cash equivalents 1,501.71 993.64
(iv) Other balances with bank 170.00 233.23
(v) Loans 1,555.95 1,607.32
(vi) Derivative assets 66.93 209.96
(vii) Other financial assets 351.54 230.41
Other assets
C) 854.99 1,715.92
Total current assets
23,372.68 19,959.03
III Asset held for sale
383.62 50.16
Total assets
165035.99 150392.56
Equity and Liabilities

IV Equity
Equity share capital
A) 1,198.78 1146.13
Hybrid perpetual securitie
B) 775.00 2,275.00
Other equity
C) 89,293.33 73,416.99
Total equity
91,267.11 76,838.12
V Non-current liabilities

A) Financial liabilities
(i) Borrowings 27,313.80 31,381.96
(ii) Derivative liabilities 71.2 122.55
(iii) Other financial liabilities 413.66 293.59
Provisions
B) 2,543.94 2,113.56
Retirement benefit obligations
C) 2,087.86 2,224.44
Deferred tax liabilities (net)
E) 6,111.70 5,862.28
Other liabilities
F) 5913.4 684.76
Total non-current liabilities
44,455.56 42,683.14
VI Current liabilities
Financial liabilities
A)
(i) Borrowings - 7,857.27
(ii) Trade payables
a) total outstanding dues of micro and small
enterprises
160.66 118.62
b) total outstanding due of creditors other than
micro and small enterprises

10,477.93 10,482.34
(iii) Derivative liabilities 69.39 81.69
(iv) Other financial liabilities 5,274.11 5,401.55
Provisions
B) 1074.43 663.86
Retirement benefit obligations
C) 116.1 106.61
Deferred income
D) 34.44 6.15
current tax liability (net)
E) 4093.26 277.26
Other liabilities
F) 8013 5,875.95
Total current liabilities
29,313.32 30,871.30
Total Equity and Liabilities
165035.99 150392.56
 PROFIT & LOSS FOR THE YEAR ENDEND MARCH 31, 2021

PROFIT & LOSS FOR THE YEAR ENDEND MARCH 31,2021 For the year For the year
ended March ended March
31,2021 31,2020
CONTINUING OPRATIONS
1 Revenue 64,869.03 60435.97
2 Other income 637.89 404.12
3 Total income 65506.89 60840.09
4 Expenses
A. Cost of martial consumed 13868.6 2639.02
B. Purchase of stock-in-trade 1146.05

C. changes in inventories of finished goods and work in progress 1464.12 4676.61

D. Employee benefit expense 5198.82 56.19
E. Finance costs 3393.84

F. Depreciation and amortization expense 3987.32 18935.11

G. other expense 22747.3
TOTAL EXPENSES 50484.81 52525.53
Profit before exceptional items 15022.08 8314.56

Exceptional items

A. Profit and loss on sale of non-current investment 1084.85 -

B. Provision for impairment of investment/doubtful adv. 149.74 1149.8

C. Provision for demands and claims - 196.41

D. Employees separation compensation 443.55 107.37

E. Gain/loss on non-current investment 1982.01 250.98

Total exceptional items 2773.05 1703.58

5 Profit before tax 17795.13 6610.98

6 Tax expense
A. Current tax 3949.05 1787.95
C. deferred tax 239.46 1920.77
TOTAL TAX EXPENSES 4188.51 132.82
7 Profit / loss after tax 13606.62 6743.8
 BALANCE SHEET AS AT MARCH 31, 2022

As at March As at March
BALANCE SHEET AS AT MARCH 31, 2022 31,2022 31,2021
Assets
I Non-current assets
A) Property, plant and equipment 87,946.22 90,404.59
B) Capital work-in-progress 14,159.32 10,499.49
C) Right of use assets 5,538.18 5,882.96
D) Intangible assets 806.03 855.73
E) Intangible assets under development 382.64 408.79
F) Investment in subsidiaries, associate and joint
venture 29,167.38 28197.11
G) Financial assets
(i) Investments 14,234.05 890.22
(ii) Loans 30195.27 7570.1
(iii) Derivative assets 133.21 42.52
(iv) Other financial assets 1211.81 341.67
H) Non-current tax assets 3620.76 3496.49
I) Other assets
3,301.78 2,626.86
Total non-current assets
190,696.65 151,216.53
II Current assets
A) Inventories 19,942.94 12,857.51
B) Financial assets

(i) Investments 96.11 7,096.80

(ii) Trade receivables 3,280.30 2,878.58
(iii) Cash and cash equivalents 2,671.59 2,221.31
(iv) Other balances with bank 183.70 175.59
(v) Loans 2,368.01 1,564.37
(vi) Derivative assets 89.54 66.93
(vii) Other financial assets 718.30 869.61
C) Non-current tax assets (NET) - 71.58
Other assets
D) 1,939.08 1,088.50
Total current assets 31,289.57 28,890.78
III Asset held for sale
- 383.62
Total assets
221986.22 180490.93
Equity and Liabilities
IV Equity
A) Equity share capital 1,222.37 1198.78
B) Hybrid perpetual securities - 775.00
C) Other equity 124,211.39 93,211.34
Total equity
125,433.76 95,185.12
V Non-current liabilities

A) Financial liabilities
(i) Borrowings 20,290.81 31,545.41
(ii) lease liabilities 3,726.90 4,013.62
(ii) Derivative liabilities 10.18 71.2
(iii) Other financial liabilities 883.23 458.61
B) Provisions 2,685.00 2,572.23
C) Retirement benefit obligations 2,315.91 2,144.45
E) Deferred income 0.74 1.51
E) Deferred tax liabilities (net) 8,087.57 8,517.78
Other liabilities
F) 4887.29 5,913.40
Total non-current liabilities
42,887.63 55,238.21
VI Current liabilities

A) Financial liabilities

(i) Borrowings 11984.66 984.68

(ii) lease liabilities 522.14 521.78
(ii) Trade payables
a) total outstanding dues of micro and small
enterprises
678.20 316.74
b) total outstanding due of creditors other than
micro and small enterprises

20,412.94 13,109.47
(iii) Derivative liabilities 81.48 84.43
(iv) Other financial liabilities 5,137.54 4,618.54
B) Provisions 1082.42 1,076.91
C) Retirement benefit obligations 114.99 116.10
D) Deferred income 67.84 34.44
E) current tax liability (net) 1079.69 653.75
Other liabilities
F) 12502.93 8,550.76
Total current liabilities 53,664.83 30,067.60
Total Equity and Liabilities
221986.22 180490.93
 PROFIT & LOSS FOR THE YEAR ENDEND MARCH 31, 2022

PROFIT & LOSS FOR THE YEAR ENDEND MARCH 31,2022 For the year For the year
ended March ended March
31,2022 31,2021
CONTINUING OPRATIONS
1 Revenue 129,021.35 84132.92
2 Other income 1452.02 755.11
3 Total income 130473.37 84888.03
4 Expenses
A. Cost of martial consumed 35256.98 20757.04
B. Purchase of stock-in-trade 4089.03 1688.84

C. changes in inventories of finished goods and work in progress 1820.87 2176.56

D. Employee benefit expense 6365.8 5741.94
E. Finance costs 2792.08 4541.02

F. Depreciation and amortization expense 5463.69 5469.26

G. other expense 36458.36 27966.07
TOTAL EXPENSES 86147.27 67019.49
Profit before exceptional items 44326.1 17868.54

Exceptional items

A. Profit and loss on sale of non-current investment 343.68 1084.85

B. Provision for impairment of investment/doubtful adv. 93.22 149.74

C. Provision for demands and claims 330.81 443.55

D. Employees separation compensation 204.84 -

E. Gain/loss on non-current investment 49.74 49.74

Total exceptional items 235.45 741.3

5 Profit before tax 44090.65 18609.84

6 Tax expense
A. Current tax 11611.94 1329.78
C. deferred tax 532.47 2861.65
TOTAL TAX EXPENSES 11079.47 1531.87
7 Profit / loss after tax 33011.18 17077.97
 FINANCIAL STATEMENT OF TATA STEEL

BALANCE SHEET OF TATA

Mar-23 Mar-22 Mar-21 Mar-20 Mar-19
STEEL (in Rs. Cr.)

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 1,222.40 1,222.37 1,198.78 1,146.13 1,146.12

TOTAL SHARE CAPITAL 1,222.40 1,222.37 1,198.78 1,146.13 1,146.12

Reserves and Surplus 133,575.11 124,211.39 93,207.56 73,416.99 69,308.59

TOTAL RESERVES AND
133,575.11 124,211.39 93,207.56 73,416.99 69,308.59
SURPLUS
TOTAL SHAREHOLDERS
134,797.51 125,433.76 94,406.34 74,563.12 70,454.71
FUNDS
NON-CURRENT
LIABILITIES

Long Term Borrowings 30,880.89 20,290.81 31,545.41 31,381.96 26,651.19

Deferred Tax Liabilities [Net] 8,684.15 8,087.57 8,517.78 5,862.28 7,807.00

Other Long Term Liabilities 10,436.32 11,824.25 12,602.79 3,325.34 2,798.63

Long Term Provisions 2,555.25 2,685.00 2,572.23 2,113.56 1,918.18

TOTAL NON-CURRENT
52,556.61 42,887.63 55,238.21 42,683.14 39,175.00
LIABILITIES

CURRENT LIABILITIES

Short Term Borrowings 7,298.12 11,984.66 984.68 7,857.27 8.09

Trade Payables 18,082.40 21,091.14 13,426.21 10,600.96 10,969.56

Other Current Liabilities 19,975.84 19,506.61 14,579.80 11,749.21 13,837.77

Short Term Provisions 1,080.94 1,082.42 1,076.91 663.86 778.23

TOTAL CURRENT
46,437.30 53,664.83 30,067.60 30,871.30 25,593.65
LIABILITIES
TOTAL CAPITAL AND
233,791.42 221,986.22 180,490.93 150,392.56 137,498.36
LIABILITIES

ASSETS

NON-CURRENT ASSETS

Tangible Assets 90,422.42 93,484.40 96,287.55 70,505.66 70,416.82

Intangible Assets 763.87 806.03 855.73 727.72 805.2

 Capital Work-In-Progress 21,091.92 14,159.32 10,499.49 8,070.41 5,686.02

Other Assets 0 0 0 0 0

FIXED ASSETS 112,793.17 108,832.39 108,051.56 79,480.43 77,018.31

Non-Current Investments 44,138.90 43,401.43 29,087.33 46,860.91 38,929.25

Deferred Tax Assets [Net] 0 0 0 0 0

Long Term Loans And

32,779.08 30,195.27 7,570.10 199.26 231.16
Advances

Other Non-Current Assets 10,130.75 8,267.56 6,507.54 3,842.77 4,284.06

TOTAL NON-CURRENT
199,841.90 190,696.65 151,216.53 130,383.37 120,462.78
ASSETS

CURRENT ASSETS

Current Investments 2,050.40 96.11 7,096.80 3,235.16 477.47

Inventories 20,795.56 19,942.94 12,857.51 10,716.66 11,255.34

Trade Receivables 3,351.72 3,280.30 2,878.58 1,016.73 1,363.04

Cash And Cash Equivalents 1,077.33 2,855.29 2,396.90 1,226.87 718.11

Short Term Loans And
3,191.21 2,368.01 1,564.37 1,607.32 55.92
Advances

Other Current Assets 3,483.30 2,746.92 2,480.24 2,206.45 3,165.70

TOTAL CURRENT ASSETS 33,949.52 31,289.57 29,274.40 20,009.19 17,035.58

TOTAL ASSETS 233,791.42 221,986.22 180,490.93 150,392.56 137,498.36

OTHER ADDITIONAL
INFORMATION

CONTINGENT LIABILITIES,
COMMITMENTS

Contingent Liabilities 43,817.56 37,797.38 33,426.07 32,650.32 34,622.43

CIF VALUE OF IMPORTS

Raw Materials 0 0 0 0 0

Stores, Spares And Loose

42,522.99 29,071.56 13,408.18 12,381.28 14,519.26
Tools

Trade/Other Goods 42,522.99 29,071.56 13,408.18 12,381.28 14,519.26

Capital Goods 0 0 0 0 0

EXPENDITURE IN
FOREIGN EXCHANGE

Expenditure In Foreign
799.51 505.33 412.85 509.47 450.04
Currency
 REMITTANCES IN
FOREIGN CURRENCIES
FOR DIVIDENDS

Dividend Remittance In
-- -- -- -- --
Foreign Currency

EARNINGS IN FOREIGN
EXCHANGE

FOB Value Of Goods -- -- -- -- --

Other Earnings 8,612.98 17,187.78 13,241.53 6,314.97 6,497.94

BONUS DETAILS

Bonus Equity Share Capital 252.97 252.97 252.97 252.97 252.97

NON-CURRENT
INVESTMENTS
Non-Current Investments
988.94 1,182.53 537.85 204.31 448.61
Quoted Market Value

Non-Current Investments
42,787.49 13,051.52 352.37 20,078.19 34,042.88
Unquoted Book Value

CURRENT INVESTMENTS

Current Investments Quoted

-- -- -- -- --
Market Value

Current Investments
2,050.31 96.11 7,096.80 3,235.16 477.47
Unquoted Book Value
BALANCE SHEET OF TATA
20-Mar 19-Mar 18-Mar 17-Mar 16-Mar
STEEL (in Rs. Cr.)

12 moths 12 moths 12 moths 12 moths 12 moths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital

1,146.13 1,146.12 1,146.12 971.41 971.41

TOTAL SHARE CAPITAL

1,146.13 1,146.12 1,146.12 971.41 971.41

Reserves and Surplus

73,416.99 69,308.59 60,368.70 48,687.59 69,505.31

TOTAL RESERVES AND

SURPLUS
73,416.99 69,308.59 60,368.70 48,687.59 69,505.31

TOTAL SHAREHOLDERS
FUNDS
74,563.12 70,454.71 61,514.82 49,659.00 70,476.72

NON-CURRENT LIABILITIES

Long Term Borrowings

31,381.96 26,651.19 24,568.95 24,694.37 23,457.77

Deferred Tax Liabilities [Net]

5,862.28 7,807.00 6,259.09 6,111.27 2,179.83

Other Long Term Liabilities

3,325.34 2,798.63 2,927.91 3,644.69 842.66

Long Term Provisions

2,113.56 1,918.18 1,961.21 2,024.74 2,888.18

TOTAL NON-CURRENT
LIABILITIES
42,683.14 39,175.00 35,717.16 36,475.07 29,368.44

CURRENT LIABILITIES

Short Term Borrowings

7,857.27 8.09 669.88 3,239.67 5,261.02

Trade Payables
10,600.96 10,969.56 11,242.75 10,717.44 7,706.13

Other Current Liabilities

11,749.21 13,837.77 12,959.43 8,398.62 6,115.81

Short Term Provisions

663.86 778.23 735.28 700.6 2,005.03

TOTAL CURRENT
LIABILITIES
30,871.30 25,593.65 25,607.34 23,056.33 21,087.99

TOTAL CAPITAL AND

LIABILITIES
150,392.56 137,498.36 125,114.34 111,465.41 123,208.15
ASSETS

NON-CURRENT ASSETS

Tangible Assets 70,505.66 70,416.82 70,942.90 71,778.97 24,901.24

Intangible Assets 727.72 805.2 786.18 788.18 527.35

Capital Work-In-Progress 8,070.41 5,686.02 5,641.50 6,125.35 26,982.37

Other Assets 0 0 0 0 0

FIXED ASSETS 79,480.43 77,018.31 77,402.35 78,731.11 52,410.96

Non-Current Investments 46,860.91 38,929.25 9,636.56 8,355.90 52,360.42

Deferred Tax Assets [Net] 0 0 0 0 0

Long Term Loans And

199.26 231.16 213.5 211.97 3,787.88
Advances

Other Non-Current Assets 3,842.77 4,284.06 3,218.02 4,056.03 227.4

TOTAL NON-CURRENT
130,383.37 120,462.78 90,470.43 91,355.01 108,786.66
ASSETS

CURRENT ASSETS

Current Investments 3,235.16 477.47 14,640.37 5,309.81 4,320.17

Inventories 10,716.66 11,255.34 11,023.41 10,236.85 7,083.81

Trade Receivables 1,016.73 1,363.04 1,875.63 2,006.52 632.8

Cash And Cash

1,226.87 718.11 4,696.74 970.31 1,014.67
Equivalents

Short Term Loans And

1,607.32 55.92 74.13 27.14 1,243.48
Advances

Other Current Assets 2,206.45 3,165.70 2,333.63 1,559.77 126.56

TOTAL CURRENT
20,009.19 17,035.58 34,643.91 20,110.40 14,421.49
ASSETS

TOTAL ASSETS 150,392.56 137,498.36 125,114.34 111,465.41 123,208.15

 ANNUAL REPORT

Mar ' 20 Mar ' 19 Mar ' 18 Mar ' 17 Mar ' 16

Sales 60,435.97 70,610.92 59,160.79 47,993.02 38,268.67

Operating
14,861.57 20,562.94 15,778.96 11,875.95 7,611.79
profit

Interest 3,031.01 2,823.58 2,810.62 2,688.55 1,848.05

Gross profit 12,234.68 20,144.44 13,732.00 9,601.86 6,154.90

EPS (Rs) 58.84 91.9 36.38 35.46 9.84

CHAPTER SCHEME

The project has five chapters, which consist of introduction, background of the study and
literaturereview, research methods, data analysis and their interpretation & conclusion. The
chapters are shortly described below.

Chapter 1: Introduction

This chapter includes introduction of the study, industry profile, company profile, promoters
of the company, vision, mission and quality policies of the company, products and services
providedby the company, competitors and their information, SWOT analysis and future growth
and prospects about the company.

Chapter 2: Literature Review

This chapter includes literature reviews about the study and the theoretical of the study.

Chapter 3: Research Design

This chapter explains the problem of the statement, the need behind the study, objectives of
the study, scopes, research methods, sample size of the research, sample design that is used in
the research, hypothesis, limitations of the study and the chapter scheme.
Chapter 4: Data Analysis & Interpretation

This chapter contains the data of the respondents and their analysis with
interpretation. In this thehypothesis testing and results are also shown.

Chapter 5: Findings, Conclusion and Suggestions

This chapter includes the conclusion about the research, findings and the
suggestions for thecompany improvements in future