One of the largest steel businesses in the world, Tata Steel, has experienced considerable share price changes in recent years. Investors are curious to know what the future holds for the share price of Tata Steel given the ongoing worldwide pandemic and an unsteady economic environment. In this article, we’ll examine the recent performance of Tata Steel in further detail as well as potential influences on its share price target between 2023 and 2030. In order to provide a thorough outlook for Tata Steel’s future share price performance, we’ll also take industry trends and professional opinions into account. This essay will give you important insights into Tata Steel’s potential as a long-term investment, regardless of whether you’re an investor or just interested in the steel sector.

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TATA STEEL IN RECENT NEWS

• If the government does not offer sufficient budgetary assistance for the decarbonization transition project, Tata Steel may decide to close its UK operations.
• On May 2, Tata Steel said that its consolidated net profit for the three months ended in March 2023 had decreased by 84 percent year over year to Rs 1,566 crore. The net profit for the same period a year earlier was Rs 9,835 crore. Despite an 84 percent decline in earnings, it outperformed expectations on the stock market. Brokerages expected that the Europe business will perform poorly, resulting in a 91 percent decline at Rs 955 crore.
• In a public hearing on Thursday, it was decided to allow ISWP, a subsidiary of Tata Steel, to expand with the condition that no trees be cut down and no ponds be encroached upon. The Jharkhand State Pollution Control Board sponsored this open forum. In Jamshedpur’s Tinplate Kali Temple complex, it held its public hearing. People stood by their sides throughout this. Piyush Sinha of the Jamshedpur SDO and Pratibha Priya of the Pollution Board were in attendance.
• Motilal Oswal recently gave a neutral call on Tata Steel with a target price of Rs 110. Currently, Tata Steel’s stocks are trading at Rs. 108.65 as of May 5th, 2023.
• Jefferies also adjust Tata Steel target price from Rs 145 to Rs 150, holding a buy rating.

TATA STEEL SHARE PRICE TARGET 2023

The share price is projected to decline in May 2023, with a minimum price target of ₹149.55 and a maximum price target of ₹194.42. However, the share price is expected to rebound in June 2023, with a maximum price target of ₹233.30 and a minimum price target of ₹179.46. The upward trend is expected to continue in July 2023, with a maximum price target of ₹279.96 and a minimum price target of ₹215.35. In August 2023, the share price is expected to reach a maximum price target of ₹307.96 and a minimum price target of ₹236.89. September 2023 is forecast to have a maximum price target of ₹323.35 and a minimum price target of ₹248.73. In October 2023, the maximum and minimum price targets are expected to be ₹307.96 and ₹236.89, respectively. Finally, in November 2023, the share price is projected to increase again, with a maximum price target of ₹338.75 and a minimum price target of ₹260.58. The year is expected to end on a positive note, with a maximum price target of ₹379.40 and a minimum price target of ₹291.85 forecast for December 2023.

TATA STEEL SHARE PRICE TARGET 2024

The share price is expected to start the year on a positive note, with a maximum price target of ₹399.37 and a minimum price target of ₹1037.03 in January 2024. However, the share price is expected to decline in February and March 2024, with maximum price targets of ₹448.73 and ₹472.35, respectively, and minimum price targets of ₹373.94 and ₹384.02, respectively. The share price is then projected to rebound in April and June 2024, with a maximum price target of ₹429.41 for both months and minimum price targets of ₹330.31. In July and August 2024, the maximum and minimum price targets are expected to be ₹365.00 and ₹282.94, and ₹401.50 and ₹318.65, respectively. September 2024 is forecast to have a maximum price target of ₹421.57 and a minimum price target of ₹324.29. In October and November 2024, the share price is expected to increase again, with maximum price targets of ₹495.97 and ₹520.76, and minimum price targets of ₹381.51 and ₹400.59, respectively.

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TATA STEEL SHARE PRICE TARGET 2025

In January 2025, the maximum and minimum price targets are projected to be ₹541.80 and ₹416.77, respectively. The share price is expected to increase in February and March 2025, with maximum price targets of ₹570.32 and ₹598.83, and minimum price targets of ₹438.71 and ₹460.64, respectively. The share price is then forecast to experience a slight decline in April and May 2025, with maximum price targets of ₹534.67 and minimum price targets of ₹411.29, respectively. In June 2025, the maximum and minimum price targets are expected to be ₹534.67 and ₹411.29, respectively. From July to September 2025, the share price is expected to rise steadily, with maximum price targets of ₹509.21, ₹530.43, and ₹556.95, and minimum price targets of ₹391.70, ₹408.02, and ₹428.42, respectively. In October and November 2025, the share price is projected to increase again, with maximum price targets of ₹590.37 and ₹631.69, and minimum price targets of ₹454.13 and ₹485.92, respectively. 

TATA STEEL SHARE PRICE TARGET 2026 TO 2030

Looking at the data for Tata Steel share price target from 2026 to 2030, it is predicted that the maximum and minimum share prices would experience significant fluctuations. In the year 2026, the maximum price is expected to be around ₹451.03 while the minimum price could be around ₹315.72. The year 2027 could see a further dip in both the maximum and minimum prices, with the former expected to be around ₹383.38 and the latter around ₹268.36. However, the year 2028 could see a substantial increase in both the maximum and minimum prices, with the former expected to be around ₹690.08 and the latter around ₹483.05. The following year, 2029, could witness a significant rise in the share prices, with the maximum predicted to be around ₹1,417.52 and the minimum around ₹992.27. Finally, in 2030, the maximum price is predicted to reach around ₹1,578.60, while the minimum could be around ₹1,105.02. 

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FINANCIAL STRENGTH OF TATA STEEL LTD (2018 TO 2022)

Tata Steel’s financial statements for the past five years reveal a fluctuating trend in the company’s growth. The total revenue growth increased by 55.52% in FY 2022, which was the highest in the last five years. However, the revenue growth rate has seen ups and downs in the other years, with a maximum of 19.56% in FY 2019 and a minimum of -5.21% in FY 2020. Similarly, the total expenses growth rate has fluctuated, with a maximum of 17.71% in FY 2019 and a minimum of -3.13% in FY 2021. Tata Steel’s profit after tax (PAT) has seen significant growth in the last five years, with a maximum of 436.08% in FY 2022, but also a significant drop of -84.77% in FY 2020. The operating profit margin has been consistently above 12% in the last five years, with a maximum of 22.61% in FY 2022. The net profit margin has seen a fluctuating trend, with a maximum of 10.16% in FY 2018 and a minimum of 1.04% in FY 2020. The basic EPS has also seen fluctuations, with a maximum of 332.35 in FY 2022 and a minimum of 7.16 in FY 2023. Overall, while Tata Steel has seen significant growth in terms of revenue and profit, it has also faced challenges and fluctuations in its profit and loss statement over the last five years. The Price-to-Earning and Price-to-Book ratio have also not been stable, being 14.91 and 0.11 respectively. Whereas 52-week high and low are 138.67 and 82.7.  

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FAQ’s

What is the maximum share price target of Tata Steel Ltd in 2026?

The maximum share price target of Tata Steel Ltd in 2026 is Rs. 451.03

What is the maximum share price target of Tata Steel Ltd in 2027?

The maximum share price target of Tata Steel Ltd in 2027 is Rs. 383.38

What is the maximum share price target of Tata Steel Ltd in 2028?

The maximum share price target of Tata Steel Ltd in 2028 is Rs. 690.08

What is the maximum share price target of Tata Steel Ltd in 2029?

The maximum share price target of Tata Steel Ltd in 2029 is Rs. 1417.52

What is the maximum share price target of Tata Steel Ltd in 2030?

The maximum share price target of Tata Steel Ltd in 2030 is Rs. 1578.60

CONCLUSION: TATA STEEL LTD SHARE PRICE TARGET

According to Tata Steel’s financial filings for the previous five years, both sales and profit have increased significantly. The overall revenue of the company has grown consistently over the years, with a growth rate of 55.52% in FY 2022. With a startling growth rate of 436.08% in the same year, PAT growth has also been noteworthy. The company’s operational profit margin and net profit margin, however, have fluctuated, with some years showing a decline in these margins.

Investors may want to consider purchasing shares in Tata Steel given the company’s overall strong financial performance. But, before making a decision, investors need also take into account other aspects like market developments, industry competition, and corporate policies.

Suhani