Live Tata Metaliks Share Price Chart

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Tata Metaliks Performance

Days Range

Low: ₹1,096.00
High: ₹1,128.80
Previous Close ₹1,110.55
Open ₹1,111.00
Volume 2,57,937
Day’s Range ₹1,096.00 - ₹1,128.80
52W Range ₹721.00 - ₹1,128.80
Market Cap ₹3,508.42 Cr

Tata Metaliks Fundamentals

ROCE (TTM) 10.62
P/E Ratio (TTM) 30.84
P/B Ratio 2.18
Industry P/E 14.71
Debt to Equity 0.09
ROE 7.06
EPS (TTM) 36.03
Dividend Yield 0.45
Book Value 510.3
Face Value 10

Tata Metaliks Financials

Sep 2015Mar 2016Jun 2016Sep 2016
Net Sales327.9360.67314.83322.83
Expenses290.42293.64261.94285.24
Profit before tax28.1650.2545.1529.4
Operating Profit20.2338.4634.4421.73
Net Profit20.2338.4634.4421.73
EPS in Rs815.213.618.6

About Tata Metaliks

History

Tata Metaliks started its journey in 1990 with Pig Iron as the sole product in West Bengal. The company has been characterised by continuous expansion, evolving from pig iron to ductile iron pipes and beyond. The organisation, also known as TML, is renowned for its proficiency and experience in weathering financial crises, plant closures, and technological advancements.

In 1990-1992, Tata Korf Metal West Bengal, incorporated on October 10, 1990, initiated plant construction in Kharagpur, later renaming itself Tata Metaliks on January 16, 1992. The year 1994 saw the commissioning of the plant with an annual hot metal production capacity of 0.9 LTPA.

Tata Metaliks was listed on both exchanges (BSE and NSE) on January 1, 1999. In 2007, a joint venture was formed with Kubota Corporation of Japan, marking the company’s entry into ductile iron pipe manufacturing.

The year 2009 witnessed the commissioning of a Ductile Iron Pipe (DIP) plant in Kharagpur with a 1 LTPA capacity. In 2016-17, the capacity of the DIPplant was expanded from 1.3 LTPA to 1.8 LTPA. A 1.2 LTPA coke plant and a 10 MW captive power plant were commissioned alongside a mini-blast furnace-1 (MBF-1) upgrade.

During 2018–2022, a pulverised coal injection plant (PCI) came into operation. Expansion of the coke plant, installation of a new oxygen plant, and commencement of a 15 MW captive power plant ensued. The company embarked on its digital transformation journey during the same period.

Tata Metaliks holds a global position as one of the prominent PI (foundry grade) and DIP manufacturers. This achievement results from a steadfast commitment to delivering top-tier products and solutions, striving to enhance the future for customers, shareholders, and communities while fostering efficiency and innovation on a global scale.

Business Segments 

  1. Pig Iron: Pig iron is a basic raw material used in the foundry industry to produce steel castings, ductile iron castings, and other iron-based products. Tata Metaliks is one of the leading producers of pig iron in India, with a production capacity of over 6 lakh metric tonnes per annum as of FY2023. The company’s pig iron is known for its high quality and consistency and is used by many customers in the foundry industry.
  2. Ductile Iron Pipes: Ductile Iron Pipes (DIP) are a type of iron pipe that is stronger and more ductile than traditional cast iron pipes. DIPs are used in various applications, including water and wastewater transmission, drainage, and irrigation. Tata Metaliks is India’s largest producer of DIPs, with a production capacity of over 3 lakh metric tonnes per annum as of FY2023. The company’s DIPs are known for their durability, reliability, and corrosion resistance and are used by a wide range of customers in the infrastructure and construction sectors.
  3. Captive Power Plant: Tata Metaliks has a captive power plant that generates electricity for its own use and sells surplus electricity to the grid. The company produces a total of 29 MW.

Subsidiaries of Tata Metaliks 

As of March 31, 2023, Tata Metaliks DI Pipes is the only subsidiary of Tata Metaliks. It manufactures ductile iron pipes (DIPs).

Key Personnel 

  1. Alok Krishna, Managing Director

Alok Krishna was appointed the Managing Director, effective November 1, 2022. Alok Krishna commenced his career as a graduate trainee at Tata Steel in 1990. Over a span of 32 years within Tata Steel and associated group companies, Mr Krishna served in diverse roles spanning maintenance, cold rolling mill plant operations, supply chain and production planning, total quality management, and business process enhancement. He spearheaded the Digital Foundation Programme, overseeing the implementation of SAP S4HANA.

Financial Performance

  • Highest-ever turnover of ₹2,746 crore in FY 2021–22, a 43% increase YoY, and a record profit before tax (PBT) of ₹339 crore, despite rising raw material costs and royalties, signifies substantial revenue and profitability growth.
  • Notable increases in production and sales volumes, including a 21% rise in hot metal production (5.65 lakh metric tonnes), a 26% surge in finished DI pipe production (2.36 lakh metric tonnes), and record annual sales of PI and DI pipes from the Kharagpur plant (3.41 and 2.37 lakh metric tonnes, respectively), highlight operational efficiency and increased market demand.
  • Key financial ratios changed significantly, with a 31% decrease in operating profit margin, a 25% decrease in net profit margin, a 27% decrease in debt-equity ratio, and a 24% decrease in the current ratio. The interest coverage ratio saw a substantial 455% increase, while the return on net worth decreased by 15%. Debtors turnover decreased by 39%, and inventory turnover increased by 28%.
  • The company achieved its highest-ever annual coke production (2.32 lakh metric tonnes) and power generation (22.4 MW) in FY 2021–22, demonstrating efficiency in resource utilisation and energy generation capacity.
  • Anticipated substantial growth in DI pipe demand in FY 2023–24 due to increased government budget allocation for the water sector, driven by the ‘Jal Jeevan Mission,’ aiming to provide piped water to every household by 2024.
Parent Organisation Tata
Founded 1990
Managing Director Koushik Chatterjee
NSE Symbol TATAMETALI

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Srikalahasthi Pipes Ltd(Merged) ₹939.34

200.8

0.00 (0.00)

200 - 205.3
Steelco Gujarat Ltd ₹7.49

1.2

0.00 (0.00)

1.1 - 1.25
Jindal Saw Ltd ₹15,281.05

491.05

14.10 (2.96%)

480.95 - 493.75
Ahlada Engineers Ltd ₹151.11

120.2

3.25 (2.78%)

117.5 - 123
Grand Foundry Ltd ₹30.49

8.25

0.00 (0.00)

8.25 - 8.25

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Tata Metaliks FAQs

What is the Share price of Tata Metaliks (TATAMETALI)?

Tata Metaliks (TATAMETALI) share price as of February 5, 2024, on NSE is Rs 1,110.55 (NSE) and Rs 1,111.05 (BSE) on BSE.

Can I buy Tata Metaliks (TATAMETALI) shares?

Yes, You can buy Tata Metaliks (TATAMETALI) shares by opening a Demat account with Angel One.

How do I buy Tata Metaliks (TATAMETALI) from Angel One?

Tata Metaliks (TATAMETALI) share can be brought through the following modes:
  1. Direct investment: You can buy Tata Metaliks (TATAMETALI) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Tata Metaliks (TATAMETALI) shares.

What is the total Asset of Tata Metaliks?

The total asset of Tata Metaliks is Rs. 2,349 crores.

What is the main business of Tata Metaliks?

The main business of Tata Metaliks, a subsidiary of Tata Steel, is to manufacture and sell pig iron and ductile iron pipes. It owns a state-of-the-art manufacturing plant at Kharagpur, West Bengal, with an annual hot metal production capacity of 550,000 tonnes.

Who are the promoters of Tata Metaliks?

The main promoter of Tata Metaliks is Tata Steel Limited with a 60.03% shareholding.