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Technical Report on Tatasteel Ltd by Shyam Advisory

February 14, 2022

Tata Steel Ltd is Asia’s first integrated private steel company setup in 1907.[1]
The company has presence across the entire value chain of steel manufacturing from mining and
processing iron ore and coal to producing and distributing finished products.[2]
The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025
Key Point:- Products
Product Portfolio
The company offers a broad range of steel products including a portfolio of high value added
downstream products such as hot rolled, cold rolled, coated steel, rebars, wire rods, tubes, wires,
Geographical Revenue Breakup
Presently, India accounts for ~51% of revenues, followed by Europe excl. UK (26%), UK (9%),
Asia excl. India (7%) and other regions (7%).
Share of Revenue from Value Added Products
Over 50% of the company’s sales are in the value added product categories which helps it fetch
higher realisations and support its profitability.
Global Presence
The company has a wide international footprint. It has operations spread across 26countries and
commercial presence in 50 countries.
Captive Sourcing of Raw Material
The company owns leases to various captive mines that meets 100% and 30% requirement of
company’s iron ore and coking coal needs respectively.
Many competitors does not have the same captive sources that gives the company an edge over its
Its captive iron ore mines are collieries are located near its manufacturing facilities in Jamshedpur
and Kalinganagar.

TATA 1 - Shyam Advisory

Technical View: Tatasteel Ltd had a trend break outwith strong Bullish candle, RSI divergence
indicating positive trend and MACD crossover supporting the trend stock is trading above 21, 50
and 200 moving average .
Volume analysis: – 1 Day Delivery volume increased by 11.09% over 5 day average, However; 1
Month: Delivery volume Increase by 30.21%, Hence; We recommend BUY signal for this share
only above 1280 for Target 1373 , Target 1455, Use Strict stop loss 1200.
Moving Averages: – Tata Steel Ltd. is trading higher than 5 day, 20 day, 50 day, 100 day and 200
day moving averages
5 Day 1,193.57 50 Day 1,149.08 200 Day1,231.43
20 Day1,168.11 100 Day1,216.93
Shareholding pattern:-

TATA 2 - Shyam Advisory
Promoters holding 33.92% The Promoter holdings have decreased by -0.49%. However, the
number of shares held by the Promoters has remained constant. No change in Promoter pledged
Key Ratio:-
P/E Ratio
1-Yr Return
(Best) P/E Ratio
30 DA Vol (m)
(Best) PEG Ratio
EPS (Rs.)
Shares Outstanding (cr)
Best EPS Curr (Rs.)
Price/Book Ratio
Price/Sales Ratio
Last Dividend