TATASTEEL · NSE
Tata Steel
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
6.2%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
243.0%
Operating cash flow
₹35064 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-06-11
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹232140 Cr. Net profit ends at ₹10886 Cr. Operating cash flow ends at ₹35064 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹156477 Cr | ₹8190 Cr | ₹44327 Cr |
| Mar 2022 | ₹243959 Cr | ₹41749 Cr | ₹44381 Cr |
| Mar 2023 | ₹243353 Cr | ₹8075 Cr | ₹21683 Cr |
| Mar 2024 | ₹229171 Cr | -₹4910 Cr | ₹20301 Cr |
| Mar 2025 | ₹218543 Cr | ₹3174 Cr | ₹23138 Cr |
| Mar 2026 | ₹232140 Cr | ₹10886 Cr | ₹35064 Cr |
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