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Tata Steel Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tata Steel and similar public comparables like Steel Dynamics, China Coal Energy, Teck Resources, Coal India and more.
Tata Steel Overview
About Tata Steel
Tata Steel Ltd is an India-based company that is engaged in the production and marketing of various steel products. Its products are basically classified into flat products and construction products. Flat products include hot-rolled steel, cold-rolled steel, metallic-coated steel, direct-coated steel, tubes, packaging steel, electro-plated steel, and narrow strips. Its segments include Tata Steel India, Neelachal Ispat Nigam Limited, Other Indian operations, Tata Steel Europe, Other trade related operations, South-East Asian operations, and Rest of the world. It generates the majority of its revenue from the Tata Steel India segment.
Founded
1907
HQ

Employees
43.3K
Website
Sectors
Financials (LTM)
EV
$38B
Tata Steel Financials
Tata Steel reported last 12-month revenue of $25B and EBITDA of $4B.
In the same LTM period, Tata Steel generated $15B in gross profit, $4B in EBITDA, and $1B in net income.
Revenue (LTM)
Tata Steel P&L
In the most recent fiscal year, Tata Steel reported revenue of $26B and EBITDA of $3B.
Tata Steel expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $25B | XXX | $26B | XXX | XXX | XXX |
| Gross Profit | $15B | XXX | $10B | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $369M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $9B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tata Steel Stock Performance
Tata Steel has current market cap of $29B, and enterprise value of $38B.
Market Cap Evolution
Tata Steel's stock price is $2.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $38B | $29B | 0.5% | XXX | XXX | XXX | $0.03 |
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Start Free TrialTata Steel Valuation Multiples
Tata Steel trades at 1.5x EV/Revenue multiple, and 10.1x EV/EBITDA.
EV / Revenue (LTM)
Tata Steel Financial Valuation Multiples
As of April 20, 2026, Tata Steel has market cap of $29B and EV of $38B.
Equity research analysts estimate Tata Steel's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tata Steel has a P/E ratio of 22.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $29B | XXX | $29B | XXX | XXX | XXX |
| EV (current) | $38B | XXX | $38B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 10.1x | XXX | 12.8x | XXX | XXX | XXX |
| EV/EBIT | 15.1x | XXX | 21.4x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | 3.7x | XXX | XXX | XXX |
| P/E | 22.2x | XXX | 77.3x | XXX | XXX | XXX |
| EV/FCF | 31.1x | XXX | 44.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tata Steel Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Tata Steel Margins & Growth Rates
Tata Steel's revenue in the last 12 month grew by 9%.
Tata Steel's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Tata Steel's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tata Steel's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tata Steel Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | 25% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 38% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 33% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tata Steel Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tata Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| Steel Dynamics | XXX | XXX | XXX | XXX | XXX | XXX |
| China Coal Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Teck Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Coal India | XXX | XXX | XXX | XXX | XXX | XXX |
| Hindustan Zinc | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tata Steel M&A Activity
Tata Steel acquired XXX companies to date.
Last acquisition by Tata Steel was on XXXXXXXX, XXXXX. Tata Steel acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tata Steel
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTata Steel Investment Activity
Tata Steel invested in XXX companies to date.
Tata Steel made its latest investment on XXXXXXXX, XXXXX. Tata Steel invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tata Steel
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tata Steel
| When was Tata Steel founded? | Tata Steel was founded in 1907. |
| Where is Tata Steel headquartered? | Tata Steel is headquartered in India. |
| How many employees does Tata Steel have? | As of today, Tata Steel has over 43K employees. |
| Who is the CEO of Tata Steel? | Tata Steel's CEO is Thachat Viswanath Narendran. |
| Is Tata Steel publicly listed? | Yes, Tata Steel is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Tata Steel? | Tata Steel trades under TATASTEEL ticker. |
| When did Tata Steel go public? | Tata Steel went public in 1998. |
| Who are competitors of Tata Steel? | Tata Steel main competitors are Steel Dynamics, China Coal Energy, Teck Resources, Coal India. |
| What is the current market cap of Tata Steel? | Tata Steel's current market cap is $29B. |
| What is the current revenue of Tata Steel? | Tata Steel's last 12 months revenue is $25B. |
| What is the current revenue growth of Tata Steel? | Tata Steel revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Tata Steel? | Current revenue multiple of Tata Steel is 1.5x. |
| Is Tata Steel profitable? | Yes, Tata Steel is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tata Steel? | Tata Steel's last 12 months EBITDA is $4B. |
| What is Tata Steel's EBITDA margin? | Tata Steel's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Tata Steel? | Current EBITDA multiple of Tata Steel is 10.1x. |
| What is the current FCF of Tata Steel? | Tata Steel's last 12 months FCF is $1B. |
| What is Tata Steel's FCF margin? | Tata Steel's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Tata Steel? | Current FCF multiple of Tata Steel is 31.1x. |
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