Tata Steel Limited (TTST) - Net Assets
Based on the latest financial reports, Tata Steel Limited (TTST) has net assets worth $1.04 Trillion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.01 Trillion) and total liabilities ($1.97 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TTST PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.04 Trillion |
| % of Total Assets | 34.45% |
| Annual Growth Rate | 6.69% |
| 5-Year Change | -11.37% |
| 10-Year Change | N/A |
| Growth Volatility | 18.71 |
Tata Steel Limited - Net Assets Trend (2018–2026)
This chart illustrates how Tata Steel Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Tata Steel Limited market cap and net worth.
Annual Net Assets for Tata Steel Limited (2018–2026)
The table below shows the annual net assets of Tata Steel Limited from 2018 to 2026. Also explore Tata Steel Limited (TTST) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $1.04 Trillion | +13.60% |
| 2025-03-31 | $913.53 Billion | -1.17% |
| 2024-03-31 | $924.33 Billion | -12.12% |
| 2023-03-31 | $1.05 Trillion | -10.18% |
| 2022-03-31 | $1.17 Trillion | +51.08% |
| 2021-03-31 | $775.08 Billion | +1.77% |
| 2020-03-31 | $761.63 Billion | +6.84% |
| 2019-03-31 | $712.90 Billion | +15.34% |
| 2018-03-31 | $618.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tata Steel Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 98.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $396.75 Billion | 38.83% |
| Other Components | $624.93 Billion | 61.17% |
| Total Equity | $1.02 Trillion | 100.00% |
Tata Steel Limited Competitors by Market Cap
The table below lists competitors of Tata Steel Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Equity Residential
NYSE:EQR
|
$25.55 Billion |
|
Baidu Inc
MX:BIDUN
|
$25.57 Billion |
|
VeriSign Inc
NASDAQ:VRSN
|
$25.58 Billion |
|
Okta Inc
NASDAQ:OKTA
|
$25.60 Billion |
|
Winbond Electronics Corp
TW:2344
|
$25.52 Billion |
|
TechnipFMC PLC
F:1T1
|
$25.51 Billion |
|
Swiss Life Holding AG
F:SLW1
|
$25.49 Billion |
|
Dassault Systèmes SE
F:DSY
|
$25.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tata Steel Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 911,696,300,000 to 1,021,676,500,000, a change of 109,980,200,000 (12.1%).
- Net income of 107,938,700,000 contributed positively to equity growth.
- Dividend payments of 44,898,700,000 reduced retained earnings.
- Other factors increased equity by 46,940,200,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $107.94 Billion | +10.56% |
| Dividends Paid | $44.90 Billion | -4.39% |
| Other Changes | $46.94 Billion | +4.59% |
| Total Change | $- | 12.06% |
Book Value vs Market Value Analysis
This analysis compares Tata Steel Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.04x to 0.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | $505.52 | $20.90 | x |
| 2019-03-31 | $572.41 | $20.90 | x |
| 2020-03-31 | $611.03 | $20.90 | x |
| 2021-03-31 | $617.14 | $20.90 | x |
| 2022-03-31 | $922.20 | $20.90 | x |
| 2023-03-31 | $421.85 | $20.90 | x |
| 2024-03-31 | $73.79 | $20.90 | x |
| 2025-03-31 | $73.10 | $20.90 | x |
| 2026-03-31 | $81.92 | $20.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tata Steel Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.69%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.95x
- Recent ROE (10.56%) is below the historical average (11.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 22.07% | 10.17% | 0.63x | 3.45x | $73.47 Billion |
| 2019 | 14.83% | 6.48% | 0.68x | 3.39x | $33.26 Billion |
| 2020 | 2.12% | 1.11% | 0.56x | 3.40x | $-58.01 Billion |
| 2021 | 10.09% | 4.79% | 0.64x | 3.31x | $663.43 Million |
| 2022 | 35.09% | 16.57% | 0.85x | 2.49x | $287.10 Billion |
| 2023 | 8.50% | 3.63% | 0.84x | 2.79x | $-15.48 Billion |
| 2024 | -4.82% | -1.95% | 0.83x | 2.97x | $-136.41 Billion |
| 2025 | 3.75% | 1.58% | 0.78x | 3.06x | $-56.96 Billion |
| 2026 | 10.56% | 4.69% | 0.76x | 2.95x | $5.77 Billion |
Industry Comparison
This section compares Tata Steel Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $366,515,000
- Average return on equity (ROE) among peers: -57.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tata Steel Limited (TTST) | $1.04 Trillion | 22.07% | 1.90x | $25.54 Billion |
| EVRAZ plc (EVR) | $559.13 Million | 0.00% | 2.99x | $143.76K |
| Ferrexpo PLC (FXPO) | $586.92 Million | 21.14% | 0.48x | $2.05 Million |
| Vesuvius PLC (VSVS) | $257.70 Million | 14.44% | 0.85x | $11.42 Million |
| Zanaga Iron Ore Co Ltd (ZIOC) | $62.31 Million | -264.51% | 0.01x | $333.20K |
About Tata Steel Limited
Tata Steel Limited manufactures and distributes steel products in India and internationally. It operates in Tata Steel India, Tata Steel Long Products, Other Indian Operations, Tata Steel Europe, Other Trade Related Operations, South-East Asian operations, and Rest of the World segments. The company offers hot-rolled (HR) and cold-rolled (CR) coated steel coils and sheets, precision tubes, tire b… Read more