Tata Steel Long Products (Delisted) share price

BSE: 513010Industrial Products

TATA STEEL LONG PRODUCTS LIMITED · Formerly Tata Sponge Iron · Face value ₹10 · Listed Mar 1985

Last traded ₹829.95 on 16 Nov 2023

Delisted on 2 Mar 2024.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Nov 2023
- 15 Nov · Business
  Effective Date of the Scheme of Amalgamation amongst Tata Steel Long Products Limited and Tata Steel Limited and their respective shareholders
- 15 Nov · Business
  Effective Date of the Scheme of Amalgamation amongst Tata Steel Long Products Limited and Tata Steel Limited and their respective shareholders
- 15 Nov · Updates
  Effective Date of the Scheme of Amalgamation amongst Tata Steel Long Products Limited and Tata Steel Limited and their respective shareholders
- 15 Nov · Business
  Announcement under Regulation 30 (LODR) - Scheme of Arrangement
- 9 Nov · Suspension of Trading
  Members of the Exchange are hereby informed that the trading in equity shares of Tata Steel Long Products Limited shall be suspended w.e.f. November 17, 2023 (i.e., closing hours of trading on November 16, 2023) on account of Scheme of Amalgamation.
- 3 Nov · Business
  Amalgamation/Merger

Results for the quarter to Sep 2023

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue: ₹1,734 Cr−9.4% on a year ago · −9.2% on the quarter before
Operating profit: ₹180 Cr+23.7% on the quarter before
Net profit: −₹136 Cr
Earnings per share: −₹30.10
Operating margin: 10.4%
Net margin: −7.8%

From revenue to net profit, ₹ crore

Revenue1,734
Materials and goods−1,039
Employee costs−63
Other expenses−452
Operating profit180
Depreciation−88
Other income+181
Finance costs−367
Profit before tax−94
Tax−42
Net profit−136

Tata Steel Long Products results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2023. Results for the quarter to Dec 2023 were due by 14 Feb 2024, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹1,994 Cr, quarter to Jun 2022; lowest ₹1,364 Cr, quarter to Dec 2020A loss in 6 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2018Q3	Mar 2019	Jun 2019Q1	Sep 2019	Dec 2019Q3	Mar 2020	Jun 2020Q1	Sep 2020	Dec 2020Q3	Mar 2021	Jun 2021Q1	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023
Revenue from operations	261	254	705	778	999	1,008	653	1,186	1,364	1,547	1,688	1,637	1,677	1,799	1,994	1,914	1,790	1,765	1,910	1,734
	230	230	680	820	964	872	646	1,002	955	1,049	1,167	1,396	1,426	1,635	2,062	1,989	1,723	1,618	1,764	1,554
Materials and goods bought	195	192	480	547	651	505	387	662	551	639	729	984	998	1,119	1,518	1,526	1,218	1,125	1,286	1,039
Employee costs	12	12	46	47	48	52	47	61	56	50	53	52	58	54	61	45	55	56	53	63
Other expenses	23	26	155	226	266	315	212	280	347	360	386	360	370	462	484	418	450	436	424	452
Operating profit before depreciation	30	24	24	−42	35	136	7	184	410	498	520	242	251	164	−68	−75	67	148	146	180
Operating margin	11.6%	9.6%	3.4%	−5.4%	3.5%	13.5%	1.1%	15.5%	30.0%	32.2%	30.8%	14.8%	15.0%	9.1%	−3.4%	−3.9%	3.8%	8.4%	7.6%	10.4%
Depreciation and amortisation	3	3	67	78	83	82	80	79	85	84	84	82	82	71	86	86	89	86	88	88
Other income	16	15	41	12	9	19	11	16	36	15	39	65	10	24	161	165	162	147	195	181
Finance costs	2	0	68	80	73	72	69	63	57	46	31	25	22	32	342	345	350	350	356	367
Profit before one-off items and tax	41	36	−70	−189	−112	1	−130	58	304	383	444	199	157	85	−335	−341	−210	−142	−104	−94
One-off items	0	0	−19	−8	0	−134	0	0	0	0	0	−15	−12	0	0	0	−2	0	0	0
Profit before tax	41	36	−89	−197	−112	−133	−130	58	304	383	444	185	144	85	−335	−341	−212	−142	−104	−94
	14	12	−15	0	0	1	1	−1	0	43	112	50	40	26	−4	−8	25	42	−67	42
Current tax	15	12	0	0	0	0	0	0	0	0	64	45	22	−6	0	0	0	0	−114	0
Deferred tax	−1	0	−15	0	0	1	1	−1	0	43	49	5	18	32	−4	−8	25	42	47	42
Tax rate	35.1%	32.4%	–	–	–	–	–	−2.2%	−0.1%	11.3%	25.3%	27.0%	28.0%	30.2%	–	–	–	–	–	–
Net profit	27	24	−74	−197	−112	−133	−131	59	304	340	332	135	104	60	−331	−333	−237	−184	−36	−136
Other comprehensive income	−1	2	−6	1	−1	−1	−2	3	1	4	1	1	−1	−1	2	6	−1	−6	0	−4
Total comprehensive income	26	26	−80	−196	−113	−135	−134	62	305	344	333	135	103	58	−330	−327	−238	−190	−37	−139
Net margin	10.3%	9.6%	−10.5%	−25.3%	−11.2%	−13.2%	−20.1%	5.0%	22.3%	22.0%	19.6%	8.2%	6.2%	3.3%	−16.6%	−17.4%	−13.2%	−10.4%	−1.9%	−7.8%
Earnings per share	₹17.40	₹15.82	–	−₹51.93	−₹24.88	−₹29.55	−₹29.12	₹13.09	₹67.49	₹75.35	₹73.53	₹29.88	₹23.03	₹13.22	−₹73.41	−₹73.92	−₹52.53	−₹40.83	−₹8.09	−₹30.10

Earnings per share in rupees, restated for later splits and bonuses.

The quarter to Jun 2019 was restated in the company's filing of 28 Oct 2019. The table shows the restated figures.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in the year to Mar 2023, −₹1,085 CrA loss in 2 of the 10 years shown

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 1.5% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.

Results for the year to Mar 2023

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue7,464
Materials and goods−5,387
Employee costs−217
Other expenses−1,788
Operating profit72
Depreciation−348
Other income+634
One-off items−1.7
Finance costs−1,387
Profit before tax−1,030
Tax−56
Net profit−1,085

What the company owns

Plant, investments and other assets₹17,629 Cr
Inventory₹1,365 Cr
Cash and bank₹1,054 Cr
Current investments₹548 Cr
Receivables₹70 Cr

What pays for it: net worth and liabilities

Borrowings₹14,751 Cr
Owed to suppliers₹2,136 Cr
Net worth₹2,059 Cr
Other liabilities₹1,720 Cr

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2023, the latest four quarters added.

₹ crore	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023Twelve months
Revenue from operations	782	790	574	615	817	992	3,490	4,750	6,802	7,464	7,200
	–	691	551	554	634	847	3,337	3,651	5,624	7,392	6,659
Materials and goods bought	545	573	427	373	496	709	2,183	2,238	3,830	5,387	4,668
Employee costs	–	35	36	–	–	45	192	215	216	217	228
Other expenses	–	82	89	–	–	94	962	1,198	1,577	1,788	1,762
Operating profit before depreciation	–	99	22	62	183	145	153	1,098	1,178	72	541
Operating margin	–	12.6%	3.9%	10.0%	22.4%	14.6%	4.4%	23.1%	17.3%	1.0%	7.5%
Materials, % of revenue	–	72.6%	74.4%	–	–	71.5%	62.5%	47.1%	56.3%	72.2%	64.8%
Employee costs, % of revenue	–	4.5%	6.2%	–	–	4.5%	5.5%	4.5%	3.2%	2.9%	3.2%
Other expenses, % of revenue	–	10.4%	15.5%	–	–	9.4%	27.6%	25.2%	23.2%	24.0%	24.5%
Depreciation and amortisation	–	13	13	13	12	12	311	327	320	348	352
Operating profit after depreciation	–	86	9	49	170	133	−158	771	858	−275	189
Other income	35	55	38	37	43	58	81	78	138	634	685
Finance costs	13	5	5	2	3	3	293	235	110	1,387	1,423
Profit before one-off items and tax	150	136	42	83	210	188	−369	615	886	−1,028	−550
One-off items	–	–	–	–	–	0	−161	0	−27	−2	−2
Profit before tax	150	136	42	83	210	188	−530	615	858	−1,030	−551
	49	45	11	25	69	63	−14	43	229	56	42
Current tax	–	–	–	27	71	66	0	0	124	0	−114
Deferred tax	–	–	–	−2	−2	−2	−14	43	104	56	156
Net profit	101	92	31	59	141	124	−516	572	630	−1,085	−593
Other comprehensive income	–	–	–	–	–	10	−7	5	−1	1	−10
Total comprehensive income	–	–	–	–	–	134	−523	577	629	−1,085	−604
Net margin	12.9%	11.6%	5.4%	9.5%	17.2%	12.5%	−14.8%	12.0%	9.3%	−14.5%	−8.2%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2014: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Earlier years, Mar 2008 to Mar 2013

₹ crore	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013
Revenue from operations	433	617	536	683	634	796
	312	424	396	–	–	–
Materials and goods bought	253	346	320	445	438	594
Operating profit before depreciation	121	193	140	–	–	–
Operating margin	28.0%	31.3%	26.1%	–	–	–
Depreciation and amortisation	20	18	19	19	–	–
Operating profit after depreciation	102	175	120	–	–	–
Other income	42	11	6	12	23	32
Finance costs	12	5	0	–	6	8
One-off items	5	–	–	–	–	–
Profit before tax	136	181	126	150	112	126
Tax	41	61	42	49	36	40
Net profit	96	121	85	101	76	85
Net margin	22.0%	19.5%	15.8%	14.8%	11.9%	10.7%

Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2023, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023Half year
	1,083	2,017	2,594	3,200	2,059	1,883
Share capital	15	45	45	45	45	45
Reserves	1,068	1,972	2,549	3,155	2,014	1,838
	0	2,644	1,320	13,392	14,751	14,761
Repayable after a year	0	2,644	1,320	13,392	14,744	14,753
Repayable within a year	0	0	0	0	8	8
	211	1,357	1,827	2,941	2,771	2,710
Trade payables	75	812	1,229	2,370	2,136	2,218
Other financial liabilities	4	173	170	150	254	200
Other liabilities	22	101	293	313	252	219
Provisions	55	217	81	55	68	58
Tax owed	54	54	54	54	54	7
	30	2,803	1,488	13,671	15,836	15,937
Other financial liabilities	0	89	87	80	828	828
Provisions	12	70	36	51	59	64
Deferred tax	18	0	45	149	205	292
	1,324	6,176	5,908	19,812	20,666	20,530
Held for sale or for a demerger	–	8	19	–	57	27
	629	4,903	4,452	5,438	17,161	17,412
Plant in use, after depreciation	220	4,311	3,823	3,810	3,606	–
Plant being built	7	37	24	58	87	–
Intangible assets	1	298	513	264	247	243
Goodwill	0	6	6	6	6	6
Investments	123	17	21	16	4,965	5,247
Stakes in joint ventures and associates	0	0	–	–	8,139	8,139
Loans given	0	1	1	0	0	0
Other financial assets	1	1	1	1,219	8	2
Deferred tax	–	0	–	45	–	–
Other assets	278	232	64	21	102	188
	695	1,265	1,437	14,374	3,448	3,091
Inventories	115	797	813	1,350	1,365	1,152
Trade receivables	78	156	75	60	70	44
Cash and cash equivalents	163	58	279	4,559	113	160
Other bank balances	184	104	2	2	941	834
Current investments	121	0	0	8,078	548	489
Loans given	2	6	3	0	1	1
Other financial assets	13	23	183	247	255	242
Other assets	18	122	82	77	155	169
Net debt	−468	2,482	1,038	753	13,150	13,278

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2023, after the latest full year: the cash flow over its six months.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Sep 2023Half year
	1,690	1,761	−270	736
	1,696	1,887	−234	731
	589	672	−373	356
Receivables	84	0	0	0
Inventories	−16	−537	−15	213
Payables	439	0	−262	119
Other working capital	82	1,209	−96	23
Tax paid	−6	−126	−36	5
Capital spending	42	92	159	85
Free cash flow	1,647	1,669	−429	651
	91	−9,405	−4,014	40
Plant and property sold	2	1	0	6
Companies bought	0	0	−11,503	0
Interest received	25	13	28	21
Dividends received	2	1	5	1
	−1,559	11,923	−162	−729
Borrowings repaid	−1,325	−636	0	−689
Interest paid	−228	−95	−104	−34
Lease payments	−16	−23	−9	−3
Dividends paid	0	23	56	0
Shares bought back	0	0	0	0
Shares issued	0	0	0	0
Net change in cash	221	4,280	−4,446	47

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Standalone, ₹ per share, years to March.

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings per share	₹38.14	₹91.47	₹80.73	−₹142.82	₹126.82	₹139.66	−₹240.69
Diluted earnings per share	₹38.14	₹91.47	₹80.73	−₹142.82	₹126.82	₹139.66	−₹240.69
Book value per share	–	–	₹703.55	–	₹575.14	₹709.64	₹456.63
Shareholder yield	–	–	–	–	0.0%	0.7%	2.0%
Market cap at the year end (₹ crore)	–	–	1,171	846	3,261	3,241	2,842

Ratios

Standalone, years to March.

Ratio	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue growth	−1.7%	1.0%	−27.4%	7.3%	–	–	251.8%	36.1%	43.2%	9.7%
Operating profit growth	–	–	−77.5%	175.9%	196.4%	−20.8%	5.9%	616.7%	7.2%	−93.9%
Net profit growth	18.4%	−9.2%	−66.4%	90.5%	139.8%	−11.7%	–	–	10.1%	–
Earnings per share growth	–	–	–	–	139.8%	−11.7%	–	–	10.1%	–
	–	–	–	–	–	11.5%	−33.3%	24.8%	21.7%	−41.3%
	–	–	–	–	–	–	−44.8 pts	58.1 pts	−3.1 pts	−63.0 pts
From the net margin	–	–	–	–	–	–	−25.0 pts	60.4 pts	−5.7 pts	−55.9 pts
From asset turnover	–	–	–	–	–	–	−3.3 pts	−4.2 pts	−6.2 pts	10.3 pts
From borrowing	–	–	–	–	–	–	−16.5 pts	1.9 pts	8.9 pts	−17.5 pts
Return on capital employed	–	–	–	–	–	12.3%	−3.4%	19.7%	5.2%	−1.6%
Cash conversion	–	–	–	–	–	–	–	295.4%	279.6%	–
Interest cover	–	16.3	1.8	20.0	52.4	44.1	–	3.3	7.8	–
Debt to equity	–	–	–	–	–	0.00	1.31	0.51	4.18	7.16
Receivable days	–	–	–	–	–	29	16	6	3	3
Inventory days	–	–	–	–	–	59	133	133	129	93
Payable days	–	–	–	–	–	39	136	200	226	145
Cash conversion cycle, days	–	–	–	–	–	50	14	−62	−94	−49
Working capital days	–	–	–	–	–	6	−26	−52	−65	−45
Asset turnover	–	–	–	–	–	0.75	0.93	0.79	0.53	0.37
Assets per rupee of net worth	–	–	–	–	–	1.22	2.42	2.62	4.44	7.70
Sales per rupee of plant	–	–	–	–	–	4.51	0.81	1.24	1.79	2.07
Capital spending to depreciation	–	–	–	–	–	–	–	0.13	0.29	0.46
Plant being built, % of plant in use	–	–	–	–	–	3.4%	0.9%	0.6%	1.5%	2.4%

Revenue growth is left blank for the years to Mar 2018 and Mar 2019: between the two periods excise duty was taken out of revenue when GST replaced it, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2020 and Mar 2023: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2023.

Return on assets, latest year: −5.4%
Cash from operations against operating profit: −373.6%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	–	28.8%
Return on equity, average	–	−3.3%	1.8%
Return on capital employed, average	–	6.4%	7.7%
Operating margin, average	12.1%	12.1%	13.8%
Net margin, average	6.1%	0.9%	2.3%
Asset turnover, average	–	0.67	0.56
Cash conversion cycle, days, average	–	−28	−68
Interest cover, average	–	–	5.5
Debt to equity, average	–	2.63	3.95

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2023.

₹ crore	3 years	Latest year
Cash from operations	3,181	−270
Cash from investing	−13,327	−4,014
Cash from financing	10,201	−162
Capital spending	293	159
Dividends paid	79	56
Shares bought back	0	0
Shares issued for cash	0	0
Borrowings raised	0	0
Borrowings repaid	1,961	0

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	–	–	–	7	2
Altman Z-scorePublished threshold 1.81	–	–	–	–	–	–	–	–	1.54	–
Beneish M-scorePublished threshold −1.78	–	–	–	–	–	–	–	–	−2.91	−0.57
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	–	–	–	–	64.33	15.80
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	–	–	–	27.34
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	–	–	–	–	−62.84	6.87
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	–	–	–	–	−5.00	−39.51
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	–	–	–	–	0.88	1.15
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	–	–	–	–	0.19	0.61
Effective tax ratePublished threshold 17.16 per cent	32.46	32.67	–	–	–	–	–	–	26.62	–
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	–	–	–	11.98	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Where the return came from

Yearly rates to Mar 2023, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	−12.3%	–	–	0.0%
3 years	+49.8%	–	–	0.0%
5 years	−7.3%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Who owns Tata Steel Long Products, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Sep 2023.

Sep 2023 filing

Promoters74.91%
Foreign institutions1.20%
Indian institutions4.91%
Individuals and others18.98%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%
Indian promoters	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%
	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%
	–	–	–	–	0.26%	0.26%	0.71%	1.16%	1.20%
Foreign portfolio investors, category I	–	–	–	–	Under 0.01%	0.26%	0.41%	0.84%	1.20%
Foreign portfolio investors, category II	–	–	–	–	0.26%	0.00%	0.30%	0.32%	0.00%
Other foreign institutions	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	4.72%	4.69%	4.69%	4.68%	4.91%
Mutual funds	4.84%	4.89%	4.75%	4.75%	4.68%	4.66%	4.66%	4.66%	4.68%
Insurance companies	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Banks	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	0.16%	0.10%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.21%
Non-bank lenders registered with RBI	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other financial institutions	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%
	–	–	–	–	20.11%	20.13%	19.69%	19.24%	18.98%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	15.74%	15.00%	14.29%	13.92%	12.79%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	0.85%	0.85%	0.85%	0.89%	2.21%
Companies	–	–	–	–	1.09%	2.04%	2.42%	2.35%	1.98%
Non-resident Indians	–	–	–	–	1.15%	1.02%	0.98%	0.96%	0.87%
Foreign nationals	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	0.50%	0.53%	0.53%	0.53%	0.56%
Directors and their relatives	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	0.79%	0.69%	0.63%	0.59%	0.58%
Hindu undivided families	–	–	–	–	0.61%	0.61%	0.59%	0.56%	0.53%
Clearing Members	–	–	–	–	0.13%	0.01%	Under 0.01%	Under 0.01%	0.01%
LLP	–	–	–	–	0.04%	0.06%	0.03%	0.03%	0.04%
Trusts	–	–	–	–	Under 0.01%	–	–	–	Under 0.01%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	Under 0.01%
Shares in issue	4,51,00,000	4,51,00,000	4,51,00,000	4,51,00,000	4,51,00,000	4,51,00,000	4,51,00,000	4,51,00,000	4,51,00,000

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Tata Steel Long Products shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
All shareholders	53,817	62,175	73,272	77,076	76,842	70,266	65,643	63,123	58,398
	1	1	1	1	1	1	1	1	1
Indian promoters	1	1	1	1	1	1	1	1	1
	53,816	62,174	73,271	77,075	76,841	70,265	65,642	63,122	58,397
	–	–	–	–	17	19	21	20	21
Foreign portfolio investors, category I	–	–	–	–	1	18	17	16	20
Foreign portfolio investors, category II	–	–	–	–	15	0	3	3	0
Other foreign institutions	–	–	–	–	1	1	1	1	1
	–	–	–	–	13	11	11	11	13
Mutual funds	4	6	5	5	4	2	2	2	3
Insurance companies	1	0	0	0	0	0	0	0	0
Banks	–	–	–	–	4	4	4	4	4
Alternative investment funds	3	2	1	1	1	1	1	1	2
Non-bank lenders registered with RBI	–	–	–	–	1	1	1	1	1
Other financial institutions	–	–	–	–	3	3	3	3	3
	–	–	–	–	76,811	70,235	65,610	63,091	58,363
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	73,705	67,345	62,875	60,454	55,879
Resident individuals, over ₹2 lakh at face value	–	–	–	–	8	8	8	9	15
Companies	–	–	–	–	391	383	361	353	321
Non-resident Indians	–	–	–	–	1,268	1,190	1,148	1,105	1,052
Foreign nationals	–	–	–	–	2	2	2	2	2
Investor education fund	–	–	–	–	1	1	1	1	1
Directors and their relatives	–	–	–	–	1	1	2	2	2
	–	–	–	–	1,435	1,305	1,213	1,165	1,091
Hindu undivided families	–	–	–	–	1,300	1,250	1,176	1,132	1,059
Clearing Members	–	–	–	–	101	23	12	8	7
LLP	–	–	–	–	33	32	25	25	23
Trusts	–	–	–	–	1	–	–	–	1
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	1

Tata Steel Long Products promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2023; the largest is Tata Steel Limited, 74.91%.

Holder
Tata Steel LimitedIndian companies, trusts and others	74.91%	3,37,86,521	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Tata Steel Long Products, filing by filing

Per cent, on the same shares as the split above.

Holder	Mar 2023	Jun 2023	Sep 2023
Globe Capital Market LimitedCompanies	1.13%	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

Tata Steel Long Products share price by year

Each calendar year to 2023.

Year	Close at year end	Change	Highest close	Lowest close
2023	829.95	+22.5%	839.50	612.10
2022	677.35	−7.3%	869.25	536.75
2021	730.60	+30.5%	1,160.80	572.40
2020	559.85	+40.2%	559.85	170.55
2019	399.35	−53.4%	848.45	350.70
2018	857.70	−13.2%	1,214.15	745.40
2017	987.75	+75.5%	987.75	576.65
2016	562.75	+13.1%	671.80	348.85
2015	497.60	−27.5%	901.95	429.10

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2023 close is its last trade, on 16 Nov 2023.

Recent sessions

The 10 trading days to 16 Nov 2023, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
16 Nov 2023	833.00	834.00	819.85	829.95	828.63	97,913
15 Nov 2023	807.70	828.90	807.65	825.90	823.57	2,37,902
13 Nov 2023	801.60	808.80	799.30	803.65	803.29	69,491
12 Nov 2023	802.85	807.80	801.30	802.50	802.82	9,551
10 Nov 2023	786.55	805.00	786.55	800.40	798.19	62,531
9 Nov 2023	798.35	803.90	792.05	797.30	797.52	52,075
8 Nov 2023	797.95	801.15	786.60	794.40	794.42	1,11,030
7 Nov 2023	797.50	804.00	791.05	797.80	798.02	85,133
6 Nov 2023	780.10	798.60	780.10	797.50	790.02	64,414
3 Nov 2023	783.25	783.25	774.15	776.05	776.57	28,789

Prices in ₹ per share as traded, not adjusted.

Company details

BSE code: 513010
ISIN: INE674A01014
Industry: Industrial Products
Former symbols: TATASTLLP, TATASPONGE, TATASPONGE, IPITATASPO
Website: www.tatasteellp.com
CIN: L27102OR1982PLC001091; Corporate identity number, the registrar of companies' code for it
Incorporated: 1982
Registered office: P.O. Joda, Keonjhar 758034, Orissa
Share registrar: TSR Consultants Pvt. Ltd; Keeps the register of shareholders and handles transfers and dividend payments