research paper on tata steel company financial performance

Financial Reportings and Analysis Practices in Tata Steel and Corus Acquisition: Their Association with Growth Rate and Financial Performance

• Conference paper
• First Online: 28 March 2023
• Cite this conference paper

• F. Lourdunathan 13 ,
• Deenu Nadayil 13 &
• Swati Saxena 14  

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 621))

Included in the following conference series:

• International Conference on Business and Technology

847 Accesses

This research article examined the financial reporting and analysis practices in Tata steel and Corus acquisition: Their association with growth rate and financial performance. This article analyzes the reasons and the effect of the Acquisition of Corus by paying 12.33 billion dollars to buy which is one of the biggest acquisitions by an Indian Company at the cross border. This paper also emphasizes this acquisition led to global growth in Steel Industry. The sample size of this research consists of Tata Steel and Corus Company which underwent acquisitions during 2007–08. This paper also emphasizes the significance of developing skills in analyzing and interpreting financial statements to maintain financial position and progress. To understand the distinguishing characteristics, problems and needs of the organization's growth performance, the published audited report from 2002–2022 was studied and interpreted. To measure the significance of the organization’s performance the author adopted comparative, ratio analysis and other statistical tools were adopted. The study shows that there is important growth in income and financial position of companies after the merger, the growth can result in financial stresses and excessive use of debts as such cash flow difficulties. But the coronavirus (Lockdown) the company faced a downfall in their profits.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save.

• Get 10 units per month
• Download Article/Chapter or eBook
• 1 Unit = 1 Article or 1 Chapter
• Cancel anytime
• Available as PDF
• Read on any device
• Instant download
• Own it forever
• Available as EPUB and PDF
• Compact, lightweight edition
• Dispatched in 3 to 5 business days
• Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

Rational Influence of Debt Structure Patterns on Sustainable Profitability: A Pragmatic Evidence from Tata Steel

The Impact of IFRS 16 “Leases” on the Financial Performance on Jordanian Industrial Companies

The impact of corporate governance and ownership structure on the capital structure decisions of Saudi listed firms

Anonymous Battle for Corus. Financial Times (2006)

Google Scholar  

Anonymous. Tata Steel ratings cut to ‘BB’ with positive outlook after Corus buy (2007) AFX News Limited, [email protected] at Forbes.com

Anonymous. Moody’s marks down Tata Steel. Business line Chennai (2007)

Anonymous. The Indian steel industry is characterized by fragmentation, particularly in the downstream segment, with a large number of unorganized players. Business Wire (2007)

Anonymous. Notice on merger moves may be made mandatory. Business line Chennai (2007)

Anonymous. Metal Producing & Processing, vol. 45, no. 3, pp. 10 (2007)

Anonymous. Daily mail, London, business briefs column. Knight Ridder Tribune. Business News Washington (2007)

Anonymous. Tatas investments driven by trust, stakeholder value. Business line Chennai (2007)

Anonymous. Budget has little for corporate restructuring. Business line Chennai (2007)

Download references

Author information

Authors and affiliations.

Department of Professional Accounting and Finance, Kristu Jayanti College (Autonomous), Bangalore, India

F. Lourdunathan & Deenu Nadayil

Department of Commerce and Management, Mangalayatan University, Jabalpur, India

Swati Saxena

You can also search for this author in PubMed   Google Scholar

Corresponding author

Correspondence to F. Lourdunathan .

Editor information

Editors and affiliations.

Northern Cyprus Campus, Middle East Technical University, Kalkanlı, Türkiye

Bahaaeddin Alareeni

College of Business and Finance, Ahlia University, Manama, Bahrain

Allam Hamdan

University College of Bahrain, Manama, Bahrain

Reem Khamis

Lebanese American University, Beirut, Lebanon

Rim El Khoury

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Cite this paper.

Lourdunathan, F., Nadayil, D., Saxena, S. (2023). Financial Reportings and Analysis Practices in Tata Steel and Corus Acquisition: Their Association with Growth Rate and Financial Performance. In: Alareeni, B., Hamdan, A., Khamis, R., Khoury, R.E. (eds) Digitalisation: Opportunities and Challenges for Business. ICBT 2022. Lecture Notes in Networks and Systems, vol 621. Springer, Cham. https://doi.org/10.1007/978-3-031-26956-1_22

Download citation

DOI : https://doi.org/10.1007/978-3-031-26956-1_22

Published : 28 March 2023

Publisher Name : Springer, Cham

Print ISBN : 978-3-031-26955-4

Online ISBN : 978-3-031-26956-1

eBook Packages : Engineering Engineering (R0)

Share this paper

Anyone you share the following link with will be able to read this content:

Sorry, a shareable link is not currently available for this article.

Provided by the Springer Nature SharedIt content-sharing initiative

• Publish with us

Policies and ethics

• Find a journal
• Track your research

EPRA International Journal of Multidisciplinary Research (IJMR)

• Vol. 7 Issue. 8 (August-2021) EPRA International Journal of Multidisciplinary Research (IJMR)

A STUDY ON FINANCIAL PERFORMANCE OF TATA STEEL LIMITED

Dr. d. sivasakthi , ms. r. nithya.

ABOUT EPRA JOURNALS

Quick links.

• Submit Your Paper
• Track Your Paper Status
• Certificate Download

FOR AUTHORS

• Impact Factor
• Plagiarism Policy
• Retraction Policy
• Publication Policy
• Terms & Conditions
• Refund Policy
• Privacy Policy
• Cancellation Policy
• Shipping Policy

Bajaj Finance Limited

Electronics & Smartphones

Deals & Saving

• Investments

Bajaj Prime

Share Market

Calculators

Credit Pass

Loan Payments

Mandate Management

Do Not Call Service

Your Things

We are sorry.

There's nothing here yet.

TATA STEEL LIMITED

Performance

Fundamentals

Technical summary

Shareholding pattern

About {Company_Name}

Subscription plans

Similar stocks

Trade stocks with ease

Open a free* Demat account and start trading with Bajaj Broking

stock performance

Today’s low

Today’s high

52 week low

52 week high

Previous close

Share volume

3.0709532E7

Total traded value (Lakh)

Upper circuit

Lower circuit

Stock performance

This data indicates the stock's performance over a specific period, measured by tracking its price movements.

fundamentals

Understand the common terms associated with a company's stock fundamentals

technical summary

EMA and SMA

Resistance and support

Price change analysis

shareholding pattern

Shareholding summary

Historical promoter holding

Historical MF holding

Historical FII holding

Promoter holdings

Promoter shares

Tata sons private limited, life insurance corporation of india, sbi-various mutual funds, nps trust- a/c lic pension fund scheme - state govt, government of singapore, icici -various mutual funds, government pension fund global, uti-various mutual funds, tata motors limited, tata investment corporation limited, tata chemicals ltd, ewart investments limited, rujuvalika investments limited, tata industries limited, tata motors finance limited (formerly tata motors finance solutions limited), sir ratan tata trust(mr. r. n. tata, mr. vijay singh, mr. venu srinivasan , mr. j. n. tata, mr. n. n, sir dorabji tata trust(mr. r. n. tata , mr. vijay singh, mr. venu srinivasan, mr. n. n. tata , mr. m, tmf business services limited (formerly tata motors finance limited), tata capital financial services ltd, titan company limited, tata capital ltd.

3965081420 (31.76)%

Shareholding of Promoter and Promoter Group

952531650 (7.63)%

Public Shareholding

410032627 (3.28)%

163592876 (1.31)%

142914100 (1.14)%

141431976 (1.13)%

126736361 (1.02)%

127678558 (1.02)%

54962950 (0.44)%

41984940 (0.34)%

30900510 (0.25)%

22259750 (0.18)%

11683930 (0.09)%

10425450 (0.08)%

6095110 (0.05)%

175610 (0)%

Parent Organisation

Bajaj Broking subscription plans

Freedom pack.

Get 1 year free

Features and benefits

Brokerage fee

₹20/Order (₹0 on Delivery Trades)

MTF interest rate

Dedicated dealer

Annual maintenance charge

Professional Pack

Intermediate

₹2,500/ year

Save 50% on all orders

₹10/Order (₹0 on Delivery Trades)

50% on all orders.

RAMA STEEL TUBES LIMITED

KAMDHENU LIMITED

JAY BEE LAMINATIONS LTD

MSP STEEL & POWER LTD.

MAHAMAYA STEEL INDS LTD

USHA MARTIN LTD.

KATARIA INDUSTRIES LTD

MAN COAT METAL & IND LTD

RATNAMANI MET & TUB LTD.

VILAS TRANSCORE LIMITED

Related articles

How to Buy Shares

Share Market Timings in India

What are Bonus Shares?

What is Demat Account: Meaning, Types & Benefits

Related Videos

Things to consider before investing in IPO

Features and Benefits of a Trading account

Tax implications of stock trading and investments

Diversifying your portfolio - Strategies for balanced investing

Frequently asked questions

Stock trading business is carried by Bajaj Financial Securities Limited ("Bajaj Broking"), a Stock Broker, Deposit Participant and Research Analyst registered under Securities and Exchange Board of India and offers various Products/services related to Securities market (Securities market products/services). BFL merely facilitates display of weblink/mobile app of BFSL on its webpage/mobile application [email protected] or Toll Free: 1800 833 8888.

When you opt to avail the Securities market products/services of Bajaj Broking by clicking on the Bajaj Broking weblink/mobile app, you will be redirected to Bajaj Broking's web page/mobile app for initiation and completion of the transaction. You are supposed to exercise independent diligence by reading all the related documents carefully before deciding to invest in Securities market Products/services. Securities market Products/services are made available only at the discretion of Bajaj Broking and subject to the individual contractual terms and conditions of therespective Securities market products/services. You shall be the sole owner of any decision to invest in any Bajaj Broking's Securities market products/services.

Securities market products/services may be withdrawn or amended at any time by Bajaj Broking without notice and your recourse in such case would be directly to reach out to Bajaj Broking at [email protected] or 1800 833 8888. Bajaj Finance Limited ("BFL") is a Non-Banking Financial Company carrying the business of acceptance of deposits and providing lending solutions to Retail and Corporate customers. BFL does not offer nor advice on Securities market products/services and shall not be liable or responsible for any of your investment decisions."

**Disclaimer: **Bajaj Broking is only a distributor of Bonds & Thematics: These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. Investments in securities market are subject to market risk, read all the related documents carefully before investing. Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS(Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403.| Research Analyst SEBI Registration No: INH000010043.

Website: https://www.bajajbroking.in/

Brokerage will not exceed the SEBI prescribed limit. All leveraged intraday positions will be squared off the same day. There is no restriction on withdrawal of unutilised margin amount. Trade Recommendations are research-calls provided under the SEBI Research Analyst guidelines.

#Yearly subscription charge in 1st year is nil, 2nd year onwards: Rs.431. **Yearly Subscription charges are non-refundable and inclusive of taxes. As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in rights and obligations statement issued by the TM (if applicable).

Powered by Bajaj Broking

You are here

Related links.

• Brokerage calculator
• Demat account
• Trading account

Download App

Now request money from your friends and family and make instant payments.

• Make instant payments using with the Bajaj Pay UPI
• Earn instant cashback on bill payments
• Collect and redeem Bajaj Coins

Academia.edu no longer supports Internet Explorer.

To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to  upgrade your browser .

Enter the email address you signed up with and we'll email you a reset link.

• We're Hiring!
• Help Center

A COMPARATIVE STUDY OF FINANCIAL PERFORMANCE OF SAIL AND TATA STEEL LTD A COMPARATIVE STUDY OF FINANCIAL PERFORMANCE OF SAIL AND TATA STEEL LTD Introduction

Related Papers

International Journal of Latest Technology in Engineering, Management & Applied Science -IJLTEMAS (www.ijltemas.in)

This study is conducted purely based on secondary data obtained through website of the specified private industry. By using the ratio analysis tool we can analyze the performance of both the steel industries in India and we can easily find out the strength and weakness of the companies and their position in the market. Different ratios are used in this study and particularly those which are related to the financial statement for this purpose balance sheet of year 2009-2014 of both the industries are used and from then ratios are calculated so according to which we can easily compare the company performance and tell which company grows faster and whose position is better than the other one. After comparing the financial position it is clear that position of Tata steels is much better than the Jindal steels.

Euro Asia International Journals

This research paper has studied to explain about impact of liquidity on a company profitability that how can liquidity effect on profitability either negatively or positively. The liquidity ratio includes current ratio, quick ratio and absolute liquidity ratio which measure the company's profitability or efficiency of return on assets and return on equity also. This research has been conducted on Navratna company of India,i,e. ONGC.The data has been collected from different reliable sources such as annual reports, financial statements etc. on.Liquidity plays an important role in every organization because every organization wants to increase their profitability Liquidity refers to the ability of a concern to meet its current obligations as and when these become due. The current assets should either be liquid or near liquidity. The sufficiency or insufficiency of current assets should be assessed by comparing them with short-term (current) liabilities. If current assets can pay off current liabilities, then liquidity position will be satisfactory. On the other hand, if current liabilities may not be easily met out of current assets then liquidity position will be weak. The bankers, suppliers of goods and other short-term creditors are interested in the liquidity of the concern. So financial tools for calculating liquidity are used current ratio, quick ratio and absolute liquidity ratio.Profitability refers to the ability of a company to use its resources up to best possible way to generate revenue in excess of its expenses. It shows how efficiently the management can make profit by using all the resources available in the market. Profitability is the ability of a given investment to earn a return from its use.Financial tools for calculating profitability are used Gross Profit Ratio, Net Profit Ratio and operating Profit Ratio.

Indus Foundation International Journals UGC Approved

Business firms exist in a world of rapid changes. In 21st century, business and economic environment is characterized by various changes like High-growth markets, financial crisis, technological advances, stiff competition, innovation etc. In such a complex and rapidly changing corporate environment, a firm will not be able to survive in the long-run if its financial performance is not sound in all respects. The present study is an attempt to analyze financial performance of Steel Authority of India Limited, a Public Sector Undertaking in India enjoying the status of Maharatna, for a period of ten years from 2005 to 2014 using various financial ratios. The analysis of the present study revealed that there was a decline in the financial performance of SAIL during the study period i.e. between 2005 and 2014.

SKIREC Publication- UGC Approved Journals

For a flourishing working of a business organization fixed and current assets play a crucial role as organization commonly invests in these options. An effort has been made in this paper to study the various working capital components and the outcome of working capital management policies on profitability of 4 steel companies. This paper also tries to study the correlation between liquidity, profitability and profit before tax (PBT) of selected steel companies. The study is based on secondary data collected which had been collected from annual reports of different steel companies and prowess (CMIE database) for the period 2012 to 2016. In this paper there is an application of correlation analysis to identify the considerable effects of working capital management on the profitability. The management of operating capital is essential as it might persuade a direct impact on profitability and liquidity. In the present study, four steel sector companies operating in India has been selected. For analysis accounting ratios and appropriate statistical tool had been used. Keeping in this view, a study of an analysis of working capital management in steel companies is undertaken in the present work.

IAEME Publication

The stakeholders of the company especially the shareholders and creditors often want to know financial soundness of the company in short and long term and to take the necessary steps at present accordingly so as to maintain an ideal situation. To supportthe same, a business organisation should have certain analytical models and using itfor predicting unwanted financial and business risks or bankruptcy. In this back ground the Researchers have made an attempt to predict the bankruptcy for the Indian Steel Industry by considering two objectives. They are to identify the company’s degree of closeness to bankruptcy and to deduce the various parameters involved in influencing the inferred values to a large extent. This study has been undertaken for ten sample companies form Indian steel industry by applying Altman Z score model which consists of working capital / total assets ratio, retained earnings/ total assets ratio, profit beforeinterest and tax / total assets ratio, market value of equity / debt book value ratio and sales / total assets ratio. It was found that only two of ten companies were in the safe zone that too they just entered the safe zone during the FY 2017-18. The two large scale companies which are the oldest in the industry are also in distress zone but one can see the rise of JSW steel which will soon overtake the two big giants. S.A.L Steel and Hisar Metal Industries are the two safe companies, though they don’t work at a scale as large as other but still it is able to look after its liquidity and profitability which drives the company towards growth.

Sathishkumar Ramasamy

The short-term obligations are met by the firm by realizing from current, floating or circulating assets. These should be convertible into cash for paying obligations of short-term nature. The sufficiency or insufficiency of current should be assessed by comparing them with short-term liabilities. Therefore, a firm must ensure that it does not suffer from lack of liquidity or the capacity to pay its current obligations. The main objective of the present study is to assess the short-term liquidity position of Tata Steel Limited. For analysis, case study method followed and the study covers 15 financial years from 2000-01 to 2014-15. It concluded that the working capital of the company is not satisfactory level; the company should concentrate on their working capital because it shows a negative value.

Saransh Gupta

Efficient management of finance is very important for the success of an enterprise. Term financial performance is very dynamic term. The subject matter of financial performance has been changing very rapidly. In present time greater importance is given to financial performance. So, here an attempt is made by me to compare the financial performance of the selected units i.e. Surya Roshni Ltd. and APL Apollo. While analyzing the financial performance of the selected units, we include the analysis of working capital and analysis of profitability.

ashwani pandian

Journal ijmr.net.in(UGC Approved)

The Indian Iron and Steel industry contributes significantly to the overall growth and development of the economy. As per the estimation of the ministry of steel, the industry today directly contributes to 2% of India's GDP. Payment of dividend is desirable because the shareholders contribute in the capital of the company to earn higher returns from their investment and to maximize their wealth. In this, retained earnings are the major sources of internal finance for financing future requirement such as expansion and modernisation of the company. Hence, both business growth and dividends are desirable. On the contrary, higher dividend leads to less provision of funds for growth and higher retained earnings leads to low dividends which majority of shareholders dissatisfies from return on investment, from the analysis it found that the dividend ratios such as Dividend Payout Ratio, Dividend Per Share,Earning Per Share differ significally between large cap companies and midcap companies.

Shubham Sharma

Loading Preview

Sorry, preview is currently unavailable. You can download the paper by clicking the button above.

RELATED PAPERS

Debasish Sur

titilayo oladimeji

JRIM JOURNAL

RELATED TOPICS

•   We're Hiring!
•   Help Center
• Find new research papers in:
• Health Sciences
• Earth Sciences
• Cognitive Science
• Mathematics
• Computer Science
• Academia ©2024