Tata Steel’s share price fell by over 4% on the NSE in Monday’s trading session despite the company posting a strong set of numbers in the March quarter for the financial year 2025-26.
The Tata Group stock opened at ₹211 apiece today, as compared to the previous close of ₹216.84 on Friday, and touched an intraday low of ₹207.50 per share today.
share price has remained volatile in the near-term. The stock has fallen less than a per cent in a month; however, it has gained 16% on a year-to-date (YTD) basis. The Tata Group stock has almost delivered multibagger returns of 99% in three years.
Tata Steel Q4 results 2026 snapshot
reported a consolidated net profit of ₹2,965 crore for the quarter ended March, marking a 147% year-on-year (YoY) rise from ₹1,201 crore in the corresponding period last year.
The steelmaker’s revenue grew 13% to ₹63,270 crore in Q4FY26, compared with ₹56,218 crore recorded in the same quarter of the previous financial year.
While the company’s profit after tax (PAT) came in slightly below Street estimates of ₹3,065 crore, revenue surpassed analysts’ expectations of ₹62,440 crore.
On a sequential basis, PAT increased 9% from ₹2,730 crore reported in Q3FY26, while revenue climbed 11% from ₹57,002 crore posted in the October-December quarter.
EBITDA for the quarter stood at ₹9,953 crore, registering a 47% increase from ₹6,762 crore reported in Q4FY25.
The board also recommended a dividend of ₹4 per equity share for FY26, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for July 2, 2026. According to the company’s exchange filing, the dividend will be paid from July 6, 2026, onwards.
“FY2026 was characterised by elevated geoeconomic uncertainty, with supply-chain and tariff-led trade disruptions impacting global steel markets. Against this backdrop, our sustained focus on operational discipline and cost transformation continued to deliver performance across our global businesses. Tata Steel India reported ‘best ever’ deliveries of ~22.5 million tons,” said T V Narendran, Chief Executive Officer & Managing Director.
Tata Steel share price: Should you buy or sell?
Brokerage firm Motilal Oswal has reiterated its ‘buy’ rating on the share price, with a target price of ₹250, saying the company posted a strong performance in 4QFY26 as anticipated, primarily driven by healthy volume and NSR in the India business.
“There are near-term uncertainties related to price volatility and emission challenges in Europe; the long-term outlook remains strong for TATA. We maintain our FY27/28 earnings estimates, considering better volume and an improved pricing environment. At CMP, TATA is trading at 7.1x EV/EBITDA and 2x P/BV on FY28E. We reiterate our BUY rating with an SOTP-based TP of INR250 on FY28E EPS,” the brokerage firm said.
Meanwhile, brokerage firm Nuvama Institutional Equities has also maintained its ‘hold’ rating but with a revised target price of ₹209.
“We expect Q1FY27 EBITDA/t to increase by ~INR2,600/t QoQ amid higher prices, offset by higher RM cost and lower volume. Europe operations may slip into losses in Q1 due to lower profits from Netherlands. We increase FY27E/28E EBITDA by 9%/6% to factor in higher steel prices. TP revised to INR209 (from INR189) on 7x India and 5x Europe FY28E EV/EBITDA; ‘HOLD’. Trades at 6.8x FY28E EV/EBITDA,” the firm said in a report.
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