Metal sector company Tata Metaliks (NSE: TATAMETALI) has set a record date for its proposed merger with Tata Steel.
The company has given information about this to the stock market. According to the company, a meeting was held on January 24 to decide the record date on which this decision was taken.
It has been decided by Tata Group to merge 7 metal companies of the group with Tata Steel. Under this plan, Tata Metaliks is to be merged with Tata Steel and now its record date has also been announced.
What Information Has Been Given?
The company has said in the information sent to the stock market that the company’s board, in its meeting held on January 24, 2024, has fixed February 6, 2024, as the record date to decide the eligible shareholders to be included in the merger plan with Tata Steel.
Tata Metalik shareholders who join the company after this date receive 79 Tata Steel Shares for every 10 Tata Metalik shares.
In Thursday’s trading, the stock of Tata Metalik closed at the level of Rs 1047. Whereas Tata Steel stock closed at the level of Rs 134.
What Is The Plan For The Merger?
Tata Steel Board announced that it would merge its seven subsidiaries.
The company had then said that this merger was being done to increase business efficiency, improve coordination, and reduce costs.
The seven subsidiaries are Tata Steel Long Products (TSP), Tinplate Company (TPC), Tata Metallics (TRF), Indian Steel and Wires Company, Tata Steel Mining, and S&T Mining Company.
According to the September merger plan, Tata Steel Long Products and Tinplate Company will be merged in a ratio of 67/10, Tata Metaliks, 79/10, and TARF, 17/10.
Tata Steel issuing shares based on a ratio of 10 Tata Steel for every 10 Tata Metaliks.
Tata Metaliks Limited, a company based in India, is engaged in manufacturing and selling pig iron and ductile Iron Pipes (DIP).
The company’s manufacturing plant is located in Kharagpur, West Bengal. The PI, a commodity-type intermediate product, is used by foundries to produce iron castings.
The PI can be used for various castings such as those in the automotive, agricultural, engineering, industrial, power, decorative, and sanitary castings, railroads, and aluminum smelters.
They are used to transmit potable water, wastewater, and irrigation water. The Company’s ductile-iron pipes are used for various applications including potable water supply and irrigation, sewerage, industrial use, and wastewater.
| Market Cap | ₹ 3,350 Cr. |
| Current Price | ₹ 1,047 |
| 52-wk High | ₹ 1,094 |
| 52-wk Low | ₹ 721 |
| Stock P/E | 29.4 |
| Book Value | ₹ 510 |
| Dividend | 0.48 % |
| ROCE | 7.91 % |
| ROE | 5.18 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.09 |
| OPM | 8.24 % |
| EPS | ₹ 36.0 |
| Debt | ₹ 142 Cr. |
| Debt to Equity | 0.09 |
| Promoters Holding | |
| Dec 2022 | 60.03% |
| Mar 2023 | 60.03% |
| June 2023 | 60.03% |
| Sept 2023 | 60.03% |
| Dec 2023 | 60.03% |
| FII Holding | |
| Dec 2022 | 1.45% |
| Mar 2023 | 4.19% |
| June 2023 | 3.53% |
| Sept 2023 | 3.44% |
| Dec 2023 | 3.83% |
| DII Holding | |
| Dec 2022 | 8.63% |
| Mar 2023 | 6.81% |
| June 2023 | 6.72% |
| Sept 2023 | 6.75% |
| Dec 2023 | 6.37% |
| Govt. Holding | |
| Dec 2022 | 0.79% |
| Mar 2023 | 0.79% |
| June 2023 | 0.79% |
| Sept 2023 | 0.79% |
| Dec 2023 | 0.79% |
| Public Holding | |
| Dec 2022 | 29.08% |
| Mar 2023 | 28.18% |
| June 2023 | 28.93% |
| Sept 2023 | 28.98% |
| Dec 2023 | 28.98% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹2,155 Cr |
| 2020 | ₹2,051 Cr |
| 2021 | ₹1,917 Cr |
| 2022 | ₹2,746 Cr |
| 2023 | ₹3,121 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹182 Cr |
| 2020 | ₹166 Cr |
| 2021 | ₹220 Cr |
| 2022 | ₹237 Cr |
| 2023 | ₹114 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.05 |
| 2020 | 0.23 |
| 2021 | 0.01 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 15% |
| 5 Years: | -13% |
| 3 Years: | -21% |
| Current Year: | 39% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 16% |
| 3 Years: | 13% |
| Last Year: | 5% |
Last 10 Years’ Sales Growth:
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | 17% |
| Current Year: | 3% |
Conclusion
This article is a complete guide about Tata Metaliks Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
