Tata Steel Ltd.

Financial

	Tata Steel	Sunflag Iron & Steel	Prakash Inds.
Operational Metrics
Steel Sector
Capacity Utilization - Steel	90.51 %	n/a	n/a
Manufacturing Capacity - Steel	35000.0 Ths Tonnes	n/a	1100.0 Ths Tonnes
Realization/Tonne - Steel	73542.61 Rs/MT	n/a	n/a
Quarterly Sales Volume - Steel	7.98 Million Tonnes	n/a	n/a
EBITDA/Tonne - Steel	8311.0 Rs/Tonne	n/a	n/a
Financials
5 yr Average ROE	10.23 %	14.67 %	6.79 %
5yr average Equity Multiplier	3.0	1.69	1.37
5yr Average Asset Turnover Ratio	0.76	0.87	0.84
5yr Avg Net Profit Margin	4.79 %	11.54 %	5.98 %
Price to Book	2.37	0.82	1.11
P/E	0.0	29.44	9.65
5yr Avg Cash Conversion Cycle	-37.16 Days	67.44 Days	17.81 Days
Inventory Days	75.33 Days	95.42 Days	28.48 Days
Days Receivable	11.56 Days	30.33 Days	8.65 Days
Days Payable	133.55 Days	58.67 Days	24.78 Days
5yr Average Interest Coverage Ratio	3.72	8.48	3.31
5yr Avg ROCE	13.68 %	12.03 %	8.35 %
5yr Avg Operating Profit Margin	16.77 %	12.73 %	12.98 %
5 yr average Debt to Equity	1.0	0.24	0.21
5yr CAGR Net Profit	n/a	58.85 %	-13.18 %
5yr Average Return on Assets	3.87 %	9.1 %	4.93 %
Shareholdings
Promoter Holding	33.19 %	51.16 %	44.24 %
Share Pledged by Promoters	0.0	0.0	13.34 %
Change in Promoter Holding (3 Yrs)	-1.22 %	0.0	3.26 %
Change in Mutual Fund Holding (3 Yrs)	-1.48 %	0.06 %	-0.02 %

Business

	Tata Steel	Sunflag Iron & Steel	Prakash Inds.
Product Wise Break-Up	Product Wise Break-Up Steel 94.17 0 Iron & Steel 0 PVC Pipe and Packaging 0 Power 0 Others 5.83	Product Wise Break-Up Power 0 Steel & Steel Products ( Rolled Products ) 100.0 PVC Pipe and Packaging 0 Iron & Steel 0 Steel 0	Product Wise Break-Up Power 0 0 PVC Pipe and Packaging 0 Steel 100.0 Steel 0
Location Wise Break-Up	Location Wise Break-Up India 53.63 Rest of the World 46.37	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0
Operating Profit Break-Up	Operating Profit Break-Up Tata steel India 99.57 South east Asian operation 0.43 Tata steel Europe 0 Tata Steel long products 0 Iron & Steel 0 Power 0	-	Operating Profit Break-Up Power 1.0 Tata Steel long products 0 Tata steel Europe 0 South east Asian operation 0 Iron & Steel 99.0 Tata steel India 0
Verticals	Verticals Tata Steel Limited 47.96 Tata steel Europe 25.95 Other Trade Related Operations 17.88 Other Indian Operations 4.19 South East Asian Operations 2.5 Rest of the World 0.04 Tata Steel Long Products 0 0 Others 1.48	-	-
Customer Segment	Customer Segment B2B Industrial product & projects 32.95 B2C 27.75 B2ECA 21.39 B2B Automotive 11.56 Others 6.35	-	-
Asset Break-Up	Asset Break-Up India 76.81 Others 23.19	-	-
Asset Break-Up	Asset Break-Up India 76.81 Others 23.19	-	-