TATA STEEL

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TATA STEEL

SOURCES OF FUNDS
Mar 09

Mar - 08

Mar 07

Mar - 06

Mar - 05

Mar 04

Share capital

6,203.45

6,203.30

727.73

553.67

553.67

369.18

Reserves and surplus

23,501.15

21,097.43

13,368.42

9,201.63

6,506.25

4,146.68

Secured loans

39,13.05

3,520.58

3,758.92

2,191.74

2,468.18

3,010.16

Unsecured loans

23,033.13

14,501.11

5,886.41

324.41

271.52

363.12

45000

40000

35000

30000

25000

Share capital
Reserves and surplus

20000

Secured loans
Unsecured loans

15000

10000

5000

COST OF EQUITY SHARE

Mar 2009

Mar 2008

Mar 2007

Mar2006

Mar 2005

Mar 2004

Earnings Per Share

(Rs)

69.70

63.85

72.74

63.35

62.77

47.48

Equity Dividend (%)

Book Value (Rs)

160.00
331.68

160.00
298.78

155.00
240.31

130.00
176.26

130.00
127.56

100.00
122.79

350
300
250
200

Earnings Per Share (Rs)

Equity Dividend (%)

150

Book Value (Rs)

100
50
0
Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

CAPITAL STRUCTURE
Instrument

2009
2008
2007
2006
2005
2004

Authorized
Capital

Equity
Share
Equity
Share
Equity
Share
Equity
Share
Equity
Share
Equity
Share

Issued
Capital

Shares
(nos)-

Face Value

(Rs. cr)

(Rs. cr)

214.75

214.75

730592471

10

214.75

214.75

214.75

730584320

10

214.75

214.75

214.75

580472856

10

214.75

214.75

214.75

553472856

10

214.75

214.75

214.75

553472856

10

214.75

214.75

214.75

367771901

10

214.75

CAPITAL STRUCTURE
Instrument

Authorized Capital (Rs. cr)

Issued Capital (Rs. cr)

Shares (nos)- (Rs. cr)

Face Value (Rs. cr)

Capital (Rs. cr)

214.75
214.75

10

730592471

10

730584320

Capital

214.75
10

214.75

214.75

214.75

10

10

10

580472856

553472856

553472856

367771901

214.75
0

214.75
0

214.75
0

214.75
0

214.75
0

214.75
0

2009

2008

2007

2006

2005

2004

RATIO ANALYSIS
Mar 09

Mar - 08

Mar - 07

Mar - 06

Mar 05

Mar 04

Debt equity ratio

0.45

0.33

0.34

0.13

0.19

0.33

Liquidity ratio

0.18

0.10

1.004

0.11

0.12

O.12

Proprietary ratio

0.99

1.20

1.18

1.56

1.41

1.14

Current ratio

2.08

0.37

1.28

0.43

0.39

0.29

2.08

Ration analysis
1.56
1.28
1.18

1.2

1.41
1.14

0.99
0.43

0.37

0.39

0.29

0 0 0
Liquidity
ratio

0.18

0.1

1.004

0.11

0.12

O.12

Debt equity
ratio

0.45

0.33

0.34

0.13

0.19

0.33

9-Mar

8-Mar

7-Mar

6-Mar

5-Mar

4-Mar

COST OF CAPITAL
Cost of equity
(d/np)ke
Cost of debt

Mar - 09
0.18

Mar - 08
0.18

Mar - 07
1.29

Mar - 06
1.29

Mar 05
1.29

Mar 04
0.99

0.24

0.17

0.04

0.04

0.06

0.04

1.4
1.2
1
0.8
Cost of equity (d/np)ke
0.6

Cost of debt

0.4
0.2
0
9-Mar 8-Mar 7-Mar 6-Mar Mar Mar
05
04