Tata Steel declined 2.13% to Rs 741 at 9:55 IST on BSE despite reporting 195.64% jump in consolidated net profit to Rs 12349.98 crore on 415.04% growth in total income to Rs 132110.09 crore in the year ended March 2008 over the year ended March 2007.
The company announced the results after trading hours yesterday,
The stock hit a high of Rs 750 and a low of Rs 733 so far during the day. The stock had a 52-week high of Rs 969.80 on
The company has an equity capital of Rs 730.58 crore. Face value per share is Rs 10.
The current price of Rs 741 discounts its Q4 March 2008 annualised EPS of Rs 65.98, by a
PE multiple of 11.23.
The consolidated results are non-comparable due to merger Corus Group with Tata Steel in the year ended March 2008 (FY 2008).
At the time of announcing the results, Tata Steel managing director B. Muthuraman said it had raised prices for one-year steel sale contracts. The 25% of Tata Steel's total sales were through annual contracts, he said.
On
In May 2008, the company raised Rs 2000 crore through private placement of redeemable non-convertible rupee debentures.
Tata Steel is engaged in manufacture and distribution of steel, welded steel tubes, cold rolled strips, bearings and other related products and services.
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