The evidence leans constructive6 supporting, 4 against, 0 worth knowing
Supporting
up 9% over twelve months
matches profit that turns into cash, which has beaten the market by +2.73 points over 20 sessions across 9,184 past signals
3 of the scans it matches have a positive measured record
3 independent kinds of evidence agree today, which is uncommon
revenue grew 11% year on year in the quarter ending 30 June 2026
net margin has widened from 0.6% to 3.9% across four quarters
Against
trading 4% below its 200-day average
2 of the scans it matches have historically underperformed the market
priced at 28× earnings against an industry median of 19× — 44% above its peers
holders are unwinding longs quietly
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 194, its 200-day average.
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.
What is working, what is not
from the filings and from the price, with the figure behind every line
Working4
Tata Steel's net profit rose 214.3% year on year, from Rs 759 cr to Rs 2,385 cr.
Tata Steel's operating cash flow was Rs 35,064 cr against Rs 8,376 cr profit, covering 419% of it.
Rs 35,064 crRs 8,376 cr419%
Rs 459 crore changes hands on a median day, so an ordinary order is not the reason it moves.
Rs 459 cr
Needs watching2
Trading 3.8% below its 200-day average.
-3.8%
A warning rule fires on it tonight: lost the 200-day line.
Lost the 200-day line
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 3 of these 3 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.
How it has performed
price return over each window, beside the median NSE stock over the same days
What the scans say today
5 of 47 matched on 10 Sep
TATASTEEL matches 5 of the 47 scans today, across 3 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
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 30 June 2026.
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 31 March 2026
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
471 sessions since 6 November 2024
28×
median 68×
90×
now 28×
TATASTEEL trades at 28× trailing earnings, below its median of 68× over this window — 59% 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.
Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202) · Analyst call filings were typically +0.11pt vs the market over the next 5 sessions (n=4,339) · M&A filings were typically +0.18pt vs the market over the next 5 sessions (n=1,722)
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
30 Jun · consolidated
60,794
3,741
2,385
1.86
3.9%
Q4 FY26
31 Mar · consolidated
63,270
4,676
2,965
2.34
4.7%
Q3 FY26
31 Dec · consolidated
57,002
3,765
2,730
2.16
4.8%
Q3 FY25
31 Dec · consolidated
53,648
1,625
295
0.26
0.6%
Q2 FY25
30 Sep · consolidated
53,905
2,190
759
0.67
1.4%
Q1 FY25
30 Jun · 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-0.0%
Versus 200-day average-3.8%
Below 52-week high-15.5%
Above 52-week low+16.3%
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)57.5
Higher closes in last 52 of 5
Six-month return−4.42%
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)2.59%
Volume versus 20-day0.8x
Median daily turnoverRs 459.5 cr
Derivatives
near expiry 2026-09-29 · 2026-09-10
Long Unwinding
Price down, open interest down. Holders are leaving quietly. Less violent than a short buildup, and easier to miss.
Futures basis versus spot-0.10%
Open interest change-0.1%
Put / call ratio0.66
Put wall (support)185
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 · 23 classified companies
TATASTEEL trades at 27.8× trailing earnings against an industry median of 19.3× across 22 other classified companies in its industry — more expensive than them, by 44%. 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.