Why is Tata Steel making losses?

Tata Steel’s results came after market hours on Thursday. However, Indian markets were adversely impacted again during the last quarter due to the 2nd wave of Covid-19 which impacted our steel production as well as deliveries,” TV Narendran, chief executive officer and managing director was quoted as saying.

Is Tata Steel in loss?

Tata Steel’s consolidated free cash flow was at Rs. 12,078 crore during the quarter under review and Rs. 20,588 crore in the first nine months of the current financial year. Tata Steel’s Europe operations have resulted in a loss of 724.27 crores as against a loss of Rs 956.30 crore.

Is Tata Steel in debt?

NSE -2.46 \% as the metal maker aims at making these two companies’ debt free in the next two quarters. While Tata Steel BSL has around ₹4,000 crore outstanding net external debt, Usha Martin has about ₹700 crore outstanding net debt. Tata Steel BSL is in the NCLT for the merger with the parent.

Is Tata Steel debt free?

Despite the increase in working capital due to higher prices of both steel and raw material, the company generated consolidated free cash flow of over Rs. 3,500 crores during this quarter and made debt repayments of Rs. 5,894 crores.

Why are steel prices falling?

Domestic steel prices down as iron ore, coking coal prices fall. Coking coal prices, too, have come down from their October peak due to factors including China’s decision to lift restriction on coal mining amid a power crisis, restricted buying from many Asian countries and improved supply from mines across the world.

What happened to Tata Steel Europe?

In September 2017, Tata Steel Ltd reached an agreement to merge its European steel business with the German steel manufacturer ThyssenKrupp to form a joint venture headquartered in Amsterdam. The agreement was later abandoned after the European Commission indicated it would not approve the venture.

Why Tata steel is best?

Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum. It is one of the world’s most geographically-diversified steel producers, with operations and commercial presence across the world.

What is the roe of Tata steel?

Therefore, Tata Steel’s annualized ROE \% for the quarter that ended in Sep. 2021 was 52.09\%. During the past 13 years, Tata Steel’s highest ROE \% was 40.44\%. The lowest was -17.34\%.

How much debt does Tata Motors have?

The company had a net automotive debt of Rs 40,900 crore at the end of FY21. Debt went up to Rs 61,300 crore at the end of the June quarter, mainly due to the impact of change in working capital requirements, the company informed in an investor presentation.

How much is Adani Power debt?

#1 Adani Power Adani Power share price tops the list of stocks with high financial leverage. The company has total debt amounting to ₹650,263 m as of March 2021. Its net worth during the same period stood at ₹4,976 m.

Why is the stock price of Tata Steel Limited falling?

TATASTEEL NEWS reasons for why stock price of Tata Steel Limited is falling or rising Indicator ADX is indicating that momentum is weak. Indicator RSI is indicating buying momentum and stock might rise. Recent prices of TATASTEEL Tata Steel Limited are as follows: Daily volume is divided by 10 day averaged volume

Should I buy or go long in Tata Steel tatasteel?

Look for opportunities to BUY or go LONG in Tata Steel TATASTEEL at this time. Stock is rising and might rise more. Stock is slowly closing in and getting inside a small range. This happens when a stock is near a support or a resistance. Wait for a breakout or a breakdown depending on its trend.

Why did the net debt of Tata Group decrease?

The decrease in Net Debt was in line with decrease in gross debt along with increase in current investments mainly at Tata Steel (Standalone) and at TSBSL, partly offset by decrease in cash and bank balances mainly at Tata Steel Global Holdings.

What will be the impact of Tata Steel-Bhusan Steel merger?

As Tata steel has emerged as highest bidder for Bhusan steel. Their debt will increase, which is already on higher side. Positive effect because of synergy will take some time. So till then market is assuming earning will go down in near future. Also steel market is a cyclical bussiness. Currently steel market is near peak if not exactly at peak.