TATA STEEL

TRIM 1 2011-2013

ANNUAL REPORT ANALYSIS

Submitted Professor (Dr) A.K Khalsa Submitted byAnuj Mehrotra Jagriti Singh Juhi nair

TATA STEEL

ANNUAL REPORT ANALYSIS (2010-2011) SECTOR=STEEL

KEY FINANCIAL HIGHLIGHTS

Tata steel reported standalone demonstrated an overall improvement compared to the previous year with an 83% increase in the Group EBITDA from `9,340 crores (US$ 2.09 billion) in 2009-10 to `17,103 crores (US $3.84 billion) in 2010-11. On the construction side, the share of value-added products in rebar sales increased from 6.8% to 9.6%. The Ferro Alloys and Minerals Division also registered an increased operating profit of `825 crores (US $185 million) (FY 10: `345 crores (US $77 million). Teesside Cast Products for a value of 434 million (US $700 million) contributed favorably when compared to the heavy losses sustained by the facility in the previous year. Company raised Rs 10,822 crores in FY 2011. The Net Debt/Equity improved from 1.77 times in 2009-10 to 1.55 times in 2010-11 and the Net Debt EBITDA improved from 4.75 times in 2009-10 to 2.73 times in 2010-11.

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Company had cash and cash equivalents in excess of `10,890 crores (US $2.4 billion) at the end of the financial year 2010-11. Company earned a net profi t of 8,983 crores. The Companys total income rose by 15.6% to `119,734 crores in FY2011. The Indian operations profit after tax of 6,866 crores. EBITDA of `12,224 crores were the highest ever which was 25% rise in EBITDA from last year. While turnover in FY 11 at `29,396 crores rose by 17% over FY 10 Tata Steel Europe (TSE) In the year under review, the European market accounted for 84% of TSE turnover, of which the UK accounted for 27%. DIVIDEND increased by 11.67%

Tata Steel is trying to go more in energy consumption field or resource . Lowest ever Plant Specific Energy Consumption. Lowest ever middling consumption. Higher Power generation through Top Recovery Turbine . The Company continued on its journey of deleveraging. It repaid RS 4258crores of borrowings during the year.

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ANALYSIS

EBITDA = Earnings Before Interest, Taxes, Depreciation and Amortization.

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REBAR SALES

TATA STEEL TURNOVER

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RETURN ON INVESTMENT

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REVENUES

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DISTRIBUTION OF REVENUES

SHARES CAPITAL

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INCREASE IN SALES

15,000 10,000 5,000 0 2010 Series1 2011 9,776 7,214

Increase in profit

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EARNING PER SHARE

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PROFIT BEFORE TAX

12,000 10,000 8,000 6,000 4,000 2,000 0 2010 2011

USE OF CAPITAL CASH

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ISSUE OF SHARES

DEPRICIATION

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Balance sheet of T.S with diff. of march 11& 10 2011
Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Net worth Secured Loans Unsecured Loans Total Debt Total Liabilities 959.41 959.41 178.20 0.00 47,307.02 0.00 48,444.63 2,009.20 26,291.94 28,301.14 76,745.77 Mar '11 12 moths
Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Differed Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) 22,846.26 11,041.16 11,805.10 6,969.38 46,564.94 3,953.76 428.03 512.76 4,894.55 16,814.04 3,628.78 25,337.37 0.00 10,383.04 3,547.98 13,931.02 11,406.35 0.00 76,745.77 12,582.24 503.19 22,306.07 10,143.63 12,162.44 3,843.59 44,979.67 3,077.75 434.83 500.30 4,012.88 6,678.55 2,733.84 13,425.27 0.00 8,699.34 3,303.68 12,003.02 1,422.25 0.00 62,407.95 13,184.61 418.94 540.19 897.53 -357.34 3125.79 1585.27 876.01 -6.8 12.46 881.67 10135.49 894.94 11912.10 0.00 1683.70 244.30 1928.00 9984.10 0,00 14337.82 -602.37 84.25

2010
887.41 887.41 0.00 0.00 36,281.34 0.00 37,168.75 2,259.32 22,979.88 25,239.20 62,407.95 Mar '10 12 mths

Diff. in amt
72.00 72.00 178.20 0.00 11025.68 0.00 11275.88 -250.12 3312.06 3061.94 14337.82

12 mths

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THANK YOU

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