Tata Steel Share Price: Q3 Mein Profit Ka Dhamaka, Par Global Market Mein Tension!

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AuthorVihaan Mehta|Published at:
Tata Steel Share Price: Q3 Mein Profit Ka Dhamaka, Par Global Market Mein Tension!
Overview

Arre bhai, Tata Steel ne apne Q3 FY26 results announce kiye hain aur kya zabardast number dikhaye hain! Company ka profit **₹2,730 crore** tak pahunch gaya hai. Ye sab hua record **6 million tonnes** se zyada domestic delivery aur operations mein **14%** ke bade jump ki wajah se. Revenue bhi **6%** badhkar **₹57,002 crore** ho gaya.

India Ka Champion Business!

Toh bhai, Tata Steel ka India business ne toh kamaal hi kar diya! Domestic delivery volumes ekdum record par pahunch gaye, jo company ke liye ek bada milestone hai. Kalinganagar aur Jamshedpur ke plants ekdum full capacity par chale, jis se overall operations ki performance ekdum solid rahi aur efficiency badhi. Isi strength ka asar dikha company ke consolidated revenue mein jo ekdum mazboot raha. Aur sabse important, India operations ka EBITDA toh ₹8,291 crore tak gaya, jo pichhle saal ke muqable nearly 5% zyada hai. Sabse badhiya performance toh automotive segment mein dekha gaya, company ka best quarter ever! Is strong domestic show ne global headwinds ko kuch hadd tak compensate kiya, aur profit mein jo zabardast izafa dekha gaya hai woh isi ki wajah se hai.

Global Scene Thoda Complicated!

Par bhai, baahar ka scene bilkul alag hai. Global steel prices ekdum neeche hain aur China se exports itne zyada ho rahe hain ki oversupply ka tension hai. Tata Steel ki UK operations toh bahut loss mein chal rahi hain, £63 million ka EBITDA loss hua hai. Lekin, achi khabar ye hai ki India government ne ab 3 saal ke liye import tariff laga diya hai steel products par. Ye tariffs domestic companies ko bachayega aur unfair competition se ladne mein help karega.

Valuation Aur Peers Ko Dekhein?

Valuation ki baat karein toh Tata Steel ka market cap lagbhag ₹2.46 trillion hai. TTM P/E ratio 33.5 se 37.5 ke beech mein hai. Competition mein dekho toh JSW Steel ka P/E isse zyada hai, aur SAIL ka P/E kaafi kam. Tata Steel ka Return on Equity (ROE) bhi 14.71% ke aas-paas hai, jo kaafi accha mana ja sakta hai.

Potential Concerns (Bear Case)

Par bhai, kuch chizein hain jin par dhyan dena zaroori hai. Ye jo profit ₹2,730 crore ka dikh raha hai, ye pichhle saal Q3 FY25 ke ₹296 crore ke comparison mein kaafi bada hai. Matlab pichhle saal base bohot kam tha. Company ka future performance ab zyada tar domestic demand aur government ke tariffs par depend kar raha hai, global oversupply aur kam prices ko offset karne ke liye. UK operations ka bada loss aur historical sales growth ki concerns bhi hain. Aur EU ka CBAM mechanism bhi ek naya challenge la raha hai.

Analysts Kya Keh Rahe Hain?

Analysts ke views thode mix hain. Kuch brokerage firms ne 'Buy' rating di hai aur 19% tak ka upside target bhi rakha hai, jaise Motilal Oswal. FY26 mein domestic demand 7-8% grow hone ki umeed hai. Tata Steel ab India mein apni capacity badha raha hai aur value-added products par bhi focus kar raha hai, jo isko future mein madad kar sakta hai.

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