---
title: "Tata Steel Long Products (Merged) (TATASTLLP) Financials & Shareholding"
symbol: "TATASTLLP"
company: "Tata Steel Long Products Ltd"
canonical: "https://tapetide.com/stocks/TATASTLLP"
listing_status: "merged"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-11-05T01:45:14.880Z"
---

# Tata Steel Long Products (Merged) (TATASTLLP)

Canonical page: https://tapetide.com/stocks/TATASTLLP

**Merged.** This company has merged into another and is no longer traded.

## Key Facts

- **Revenue, Sep 2023 quarter:** ₹2,948 Cr, against ₹1,869 Cr in Sep 2022 (+57.73% year on year)
- **Net profit, Sep 2023 quarter:** -₹460 Cr, against -₹662 Cr in Sep 2022
- **Promoter holding:** 74.91% in Sep 2023, unchanged from Jun 2023

## Company

- **Listing:** Merged
- **Macro sector:** Industrials
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Basic industry:** Iron & Steel Products
- **In the F&O segment:** No

## Peer Comparison

Classification: Industrials › Industrial Products › Iron & Steel Products

| Company | Price | P/E | Market Cap | P/B | Div Yield | ROE | ROCE | Sales TTM | Net Profit TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| [Welspun Corp Ltd (WELCORP)](https://tapetide.com/stocks/WELCORP) | ₹2,400.00 | 27.41 | ₹60,980 Cr | 5.96 | 0.22% | 19.40% | 22.90% | ₹17,300 Cr | ₹2,319 Cr |
| [APL Apollo Tubes Ltd (APLAPOLLO)](https://tapetide.com/stocks/APLAPOLLO) | ₹2,199.80 | 49.69 | ₹60,246 Cr | 10.64 | 0.39% | 25.40% | 31.80% | ₹23,065 Cr | ₹1,229 Cr |
| [Shyam Metalics & Energy Ltd (SHYAMMETL)](https://tapetide.com/stocks/SHYAMMETL) | ₹1,231.40 | 30.60 | ₹34,478 Cr | 2.78 | 0.15% | 9.70% | 13.00% | ₹19,584 Cr | ₹1,121 Cr |
| [Ratnamani Metals & Tubes Ltd (RATNAMANI)](https://tapetide.com/stocks/RATNAMANI) | ₹2,449.40 | 39.67 | ₹17,025 Cr | 4.18 | 0.42% | 12.60% | 17.90% | ₹4,314 Cr | ₹514 Cr |
| [Jindal Saw Ltd (JINDALSAW)](https://tapetide.com/stocks/JINDALSAW) | ₹253.22 | 29.51 | ₹15,754 Cr | 1.28 | 0.81% | 8.20% | 10.40% | ₹18,501 Cr | ₹498 Cr |
| [Usha Martin Ltd (USHAMART)](https://tapetide.com/stocks/USHAMART) | ₹486.00 | 29.21 | ₹14,245 Cr | 4.49 | 0.81% | 15.10% | 19.50% | ₹3,837 Cr | ₹508 Cr |
| [Gallantt Ispat Ltd. (GALLANTT)](https://tapetide.com/stocks/GALLANTT) | ₹529.15 | 29.28 | ₹12,939 Cr | 3.66 | 0.38% | 15.60% | 18.20% | ₹4,437 Cr | ₹436 Cr |
| [Tata Steel Long Products Ltd(Merged)](https://tapetide.com/stocks/TATASTLLP) (this company) | — | — | — | — | — | — | — | ₹11,644 Cr | — |
| Median of 8 companies | ₹1,231.40 | 29.51 | ₹17,025 Cr | 4.18 | 0.39% | 15.10% | 18.20% | ₹14,472 Cr | ₹514 Cr |

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

## Key Insights

### Weaknesses

- Stock is trading at 13.6 times its book value
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.212 Cr.

## Technical Indicators

As of 17 Nov 2023, the latest day with price data, so these readings are not current.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Strong Bullish | 3 | 4 | 12 |
| Oscillators | Bearish | 3 | 4 | 2 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |

### Oscillators: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 62.65 | Neutral |
| MACD (12,26,9) | 4.68 | Bullish |
| Stochastic (14,3,3) | 85.81 | Bearish |
| ADX (14) | 18.53 | Neutral |
| Williams %R (14) | -5.88 | Bearish |
| ATR (14) | 18.94 | Neutral |
| ROC (12) | 1.75 | Bullish |
| Stoch RSI (14) | 100.00 | Bearish |
| UO (7,14,28) | 68.66 | Neutral |

### Moving Averages: Strong Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 795.48 | Bullish |
| EMA (10) | 804.46 | Bullish |
| SMA (20) | 798.20 | Bullish |
| EMA (20) | 800.49 | Bullish |
| SMA (50) | 792.17 | Bullish |
| EMA (50) | 784.00 | Bullish |
| SMA (100) | 736.95 | Bullish |
| EMA (100) | 752.41 | Bullish |
| SMA (200) | 697.13 | Bullish |
| EMA (200) | 725.33 | Bullish |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 849.76 | 841.88 | 833.24 |
| R2 | 841.88 | 836.47 | 831.94 |
| R1 | 835.61 | 833.14 | 830.65 |
| PP | 827.73 | 827.73 | 827.73 |
| S1 | 821.46 | 822.32 | 828.05 |
| S2 | 813.58 | 818.99 | 826.76 |
| S3 | 807.31 | 813.58 | 825.46 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

Annual windows: The latest annual results are more than two years old, so no annual growth is shown.

Trailing twelve months: The latest quarterly results are more than a year old.

## Financial Statements

### Quarterly Results

Results for the period ended Dec 2023 were due by 14 Feb 2024 and are not in this table yet.

Figures in ₹ crore unless the row name gives another unit.

| Item | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 778 | 999 | 1,008 | 653 | 1,186 | 1,364 | 1,547 | 1,688 | 1,869 | 2,113 | 3,016 | 3,568 | 2,948 |
| Expenses | 820 | 964 | 872 | 646 | 1,002 | 955 | 1,049 | 1,167 | 2,124 | 2,485 | 3,058 | 3,407 | 2,854 |
| Operating Profit | -42 | 35 | 136 | 7 | 184 | 410 | 498 | 520 | -255 | -372 | -42 | 161 | 94 |
| OPM % | -5% | 3.5% | 14% | 1.1% | 15% | 30% | 32% | 31% | -14% | -18% | -1.4% | 4.5% | 3.2% |
| Other Income | 3 | 9 | -115 | 11 | 16 | 36 | 15 | 39 | 52 | 33 | 57 | 64 | 58 |
| Interest | 80 | 73 | 72 | 69 | 63 | 57 | 46 | 31 | 345 | 350 | 351 | 356 | 368 |
| Depreciation | 78 | 83 | 82 | 80 | 79 | 85 | 84 | 84 | 227 | 204 | 199 | 198 | 221 |
| Profit before tax | -197 | -112 | -132 | -130 | 58 | 304 | 383 | 444 | -775 | -893 | -535 | -329 | -437 |
| Tax % | 0% | 0% | 1% | 1% | -2% | 0% | 11% | 25% | -15% | -12% | -2% | -23% | 5% |
| Net Profit | -197 | -112 | -133 | -131 | 59 | 304 | 340 | 332 | -662 | -787 | -524 | -254 | -460 |
| EPS in Rs | -43.65 | -24.88 | -29.54 | -29.12 | 13.1 | 67.49 | 75.36 | 73.53 | -143 | -171 | -111 | -53.03 | -97.14 |

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 796 | 777 | 790 | 574 | 557 | 800 | 992 | 3,490 | 4,750 | 8,992 | 11,644 |
| Expenses | 676 | 632 | 690 | 549 | 496 | 617 | 847 | 3,335 | 3,642 | 9,729 | 11,803 |
| Operating Profit | 120 | 145 | 99 | 24 | 62 | 183 | 145 | 155 | 1,108 | -737 | -159 |
| OPM % | 15% | 19% | 13% | 4.2% | 11% | 23% | 15% | 4.5% | 23% | -8% | -1.4% |
| Other Income | 32 | 35 | 56 | 37 | 37 | 43 | 58 | -82 | 69 | 302 | 212 |
| Interest | 8 | 13 | 5 | 5 | 2 | 3 | 3 | 293 | 235 | 1,387 | 1,425 |
| Depreciation | 18 | 18 | 13 | 13 | 13 | 12 | 12 | 311 | 327 | 716 | 822 |
| Profit before tax | 126 | 150 | 137 | 43 | 84 | 210 | 188 | -530 | 615 | -2,538 | -2,194 |
| Tax % | 32% | 32% | 33% | 26% | 30% | 33% | 34% | -3% | 7% | -9% | — |
| Net Profit | 85 | 101 | 92 | 32 | 59 | 141 | 124 | -516 | 572 | -2,304 | -2,025 |
| EPS in Rs | 17.64 | 20.91 | 19 | 6.6 | 12.14 | 29.11 | 25.7 | -114 | 127 | -499 | -432 |
| Dividend Payout % | 14% | 15% | 17% | 48% | 29% | 22% | 15% | 0% | 4% | 0% | — |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Sep 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 45 | 45 | 45 | 45 |
| Reserves | 624 | 707 | 780 | 811 | 850 | 971 | 1,068 | 1,972 | 2,549 | 913 | 230 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,755 | 1,424 | 14,757 | 14,767 |
| Other Liabilities | 175 | 207 | 178 | 161 | 181 | 228 | 241 | 1,405 | 1,890 | 6,510 | 6,545 |
| Total Liabilities | 815 | 929 | 973 | 987 | 1,046 | 1,214 | 1,324 | 6,177 | 5,909 | 22,225 | 21,587 |
| Fixed Assets | 162 | 150 | 148 | 164 | 155 | 149 | 220 | 4,615 | 4,342 | 16,466 | 16,278 |
| CWIP | 16 | 16 | 20 | 9 | 6 | 6 | 7 | 37 | 24 | 235 | 292 |
| Investments | 128 | 204 | 208 | 285 | 263 | 200 | 244 | 18 | 21 | 1,124 | 879 |
| Other Assets | 510 | 558 | 597 | 529 | 622 | 860 | 853 | 1,507 | 1,522 | 4,402 | 4,138 |
| Total Assets | 815 | 929 | 973 | 987 | 1,046 | 1,214 | 1,324 | 6,177 | 5,909 | 22,225 | 21,587 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 112 | 101 | -16 | 77 | 22 | 41 | 100 | -336 | 1,690 | -1,616 |
| Cash from Investing Activity | -90 | -89 | 16 | -58 | 51 | -213 | -12 | -3,574 | 91 | -2,944 |
| Cash from Financing Activity | -13 | -12 | -18 | -18 | -18 | -20 | -37 | 3,805 | -1,559 | 137 |
| Net Cash Flow | 9 | -1 | -18 | 0 | 55 | -192 | 51 | -105 | 221 | -4,423 |
| Free Cash Flow | 99 | 92 | -31 | 60 | 18 | 34 | -58 | -374 | 1,649 | -1,829 |
| CFO/EBITDA | 137 | 109 | 53 | 368 | 65 | 50 | 116 | -212 | 153 | 214 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 9 | 12 | 4 | 19 | 23 | 27 | 29 | 16 | 6 | 8 |
| Inventory Days | 36 | 41 | 68 | 28 | 48 | 62 | 59 | 133 | 133 | 132 |
| Days Payable | 31 | 36 | 29 | 35 | 51 | 49 | 39 | 136 | 200 | 164 |
| Cash Conversion Cycle | 14 | 17 | 43 | 12 | 20 | 39 | 50 | 14 | -62 | -24 |
| Working Capital Days | -16 | -33 | 0 | -38 | -31 | -12 | 6 | -26 | -50 | 16 |
| ROCE % | — | 24% | 19% | 6% | 10% | 23% | 18% | -3% | 19% | — |

## Shareholding Pattern

The latest pattern on file is for Sep 2023; it may not describe the holding today.

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% |
| FIIs | 0.32% | 0.42% | 0.51% | 0.55% | 0.53% | 0.63% | 0.51% | 0.26% | 0.26% | 0.71% | 1.16% | 1.20% |
| DIIs | 5.08% | 5.54% | 6.16% | 5.03% | 5.00% | 4.78% | 4.78% | 4.71% | 4.69% | 4.69% | 4.68% | 4.90% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 19.69% | 19.12% | 18.42% | 19.50% | 19.56% | 19.68% | 19.79% | 20.12% | 20.13% | 19.70% | 19.24% | 18.99% |
| Others | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| No. of Shareholders | 44,775 | 48,969 | 50,899 | 53,817 | 62,175 | 73,272 | 77,076 | 76,842 | 70,266 | 65,643 | 63,123 | 58,398 |

### Annual Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 54.50% | 54.50% | 54.50% | 75.91% | 74.91% | 74.91% | 74.91% | 74.91% |
| FIIs | 5.98% | 8.72% | 3.46% | 0.93% | 0.42% | 0.63% | 0.71% | 1.20% |
| DIIs | 0.89% | 0.90% | 2.71% | 5.43% | 5.54% | 4.78% | 4.69% | 4.90% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 38.63% | 35.88% | 39.33% | 17.73% | 19.12% | 19.68% | 19.70% | 18.99% |
| Others | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| No. of Shareholders | 35,915 | 35,031 | 41,128 | 43,714 | 48,969 | 73,272 | 65,643 | 58,398 |

## Documents

### Concalls

| Month | Call documents |
| --- | --- |
| Jul 2022 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fab9f317-83be-45e0-8285-710c23065eb8.pdf) |
| May 2022 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d64b148-75af-467c-af2f-ce5c4635bf1a.pdf) |
| Feb 2022 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8dd43eb6-b9bb-4a7a-b04b-e45f67caa129.pdf) |
| Nov 2021 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e0c9f49-5eee-499a-84c0-746ab34d6672.pdf) |
| Aug 2021 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c49f3a0a-fcc3-4410-b587-659e1b715294.pdf) |
| May 2021 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2d8cf4e-bbf7-4935-b1a4-d6d1fae22c4d.pdf) |
| Feb 2021 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=efc99712-b5a7-4281-aec8-54bc0c28875e.pdf) |
| Oct 2020 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=334df95d-1093-481f-829e-83aff3e30d48.pdf) |
| Jan 2018 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fee75cb-8d0a-48e7-bdb8-71fc0642a033.pdf) |
| Oct 2017 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c8d5673-e6df-4bf3-8cf8-65adbbfa16ab.pdf) |
| Apr 2016 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=FE12301D_7161_4FD3_80D4_E215D3ABE2EB_121852.pdf) |
| Jan 2016 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C89B10BB_6C5B_49BE_B363_B71FF5D15358_124027.pdf) |

### Annual reports

Latest 12 of 13.

| Year | Report |
| --- | --- |
| FY2023 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29c4b5d8-28d1-4e37-994f-2a8a20a41456.pdf) |
| FY2022 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//73248513010.pdf) |
| FY2021 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//68942513010.pdf) |
| FY2020 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//64931513010.pdf) |
| FY2019 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5130100319.pdf) |
| FY2018 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5130100318.pdf) |
| FY2017 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5130100317.pdf) |
| FY2016 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5130100316.pdf) |
| FY2015 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5130100315.pdf) |
| FY2014 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5130100314.pdf) |
| FY2013 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5130100313.pdf) |
| FY2012 | [Annual report](https://archives.nseindia.com/annual_reports/AR_TATASPONGE_2011_2012_02072012120147.zip) |

### Credit ratings

| Date | Document |
| --- | --- |
| 10 Jan 2024 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/67968) |
| 7 Dec 2023 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=124017) |
| 11 May 2023 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=119847) |
| 13 Feb 2023 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/60943) |
| 4 Oct 2022 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=114996) |
| 14 Feb 2022 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=109898) |

## Frequently Asked Questions about Tata Steel Long Products

### What does Tata Steel Long Products Ltd do?

Tata Steel Long Products Ltd, formerly known as Tata Sponge Iron Limited, is engaged in manufacturing high alloy steel, primarily for the auto sector and wire rope industry, and sponge iron for use by the secondary steel sector.

### Which sector does Tata Steel Long Products Ltd belong to?

Tata Steel Long Products Ltd is classified under the Industrials sector, in the Industrial Products industry.

## Company Information

Tata Steel Long Products Ltd, formerly known as Tata Sponge Iron Limited, is engaged in manufacturing high alloy steel, primarily for the auto sector and wire rope industry, and sponge iron for use by the secondary steel sector.

- **Website:** https://tatasponge.com/
- **Listed:** 24 Feb 2003
- **Face Value:** ₹10

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:15 IST.