The document discusses the steel industry in India. It notes that India is the third largest producer of crude steel globally, with strong growth opportunities driven by rising domestic and international investments. The steel market in India is expected to grow significantly from $87.8 billion in 2015 to $300 billion by 2025, supported by robust demand and increasing investments. The document provides an overview of the structure and key players in the Indian steel sector, as well as notable trends such as growing investments, entry of international companies, and increased emphasis on technological innovation.

1. STEEL

2. Financial Statement Analysis
Steel Industry
STEEL
CMA Sahil Dargan

4. STEEL
Third-largest producer
of crude steel
Strong growth
opportunities
Technological
Advancement
Rising domestic and international investments
Advantage India

5. Advantage India
Market Value :
USD 87.8
Billion
Robust Demand
Increasing
Investment
Competitive Advantage
Policy Support
2015E 2025E
Market Value :
USD300
billion
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6. MARKET OVERVIEW
&
TRENDS
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7. 1907-1918
1954-1964
1973-1992
2015
1993-2014
Production
of steel
started in
India (TISCO)
•HSL & Bokaro
Steel were
setup.
•Public sector
dominated
steel
production
SAIL was
created
as a holding
company to
oversee most
of India‘s
production
• Foreign
players
entered
• Decontrol of
domestic steel
Prices
• Reduction
in basic
custom duty
for initial set
up
•Government
is
implementing
many
infra projects
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8. Structure of Steel Sector
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9. Total Finished Steel Production
(MT)
13.25 12.52 12.82 13.44 9.38
55.37 63.18 68.86 74.24
55.82
Private Sector
Public Sector
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10. Key Market Players
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11. STEEL
Growing Investments Entry of Intl Cos.
Strategic Alliances
Increased Emphasis on Technological Innovation
Notable Trends

12. Key Steel Plants in India
Key Steel
Plants
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13. Rising Investments
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14. Analysis Stories
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15. 0
0.1
0.2
0.3
0.4
0.5
Quick Ratio
Quick Ratio
2015
(Q3)
2015
(Q2)
2015
(Q1)
2014
(Q4)
2014
(Q3)
Quick Ratio 0.47 0.38 0.38 0.38 0.39
Ranking # 37 # 51 # 53 # 52 # 53
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16. 2015
(Q3)
2015
(Q2)
2015
(Q1)
2014
(Q4)
2014
(Q3)
Working Capital Ratio 2.47 2.36 2.37 2.32 2.3
Ranking # 9 # 13 # 12 # 13 # 14
2.2
2.25
2.3
2.35
2.4
2.45
2.5
WC Ratio
WC Ratio
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17. 2015
(Q3)
2015
(Q2)
2015
(Q1)
2014
(Q4)
2014
(Q3)
Leverage Ratio 1.42 1.76 1.74 1.74 1.73
Ranking # 27 # 41 # 41 # 44 # 45
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
Leverage Ratio
Leverage Ratio
STEEL

18. 2015
(Q3)
2015
(Q2)
2015
(Q1)
2014
(Q4)
2014
(Q3)
Total Debt to Equity 0.74 0.9 0.87 0.85 0.84
Ranking # 41 # 54 # 53 # 50 # 53
0
0.5
1
1.5
2
Total Debt to Equity
Total Debt to
Equity
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19. 2015
(Q3)
2015
(Q2)
2015
(Q1)
2014
(Q4)
2014
(Q3)
Interest Coverage 4.29 3.9 4.6 5.54 4.68
Ranking # 70 # 78 # 77 # 69 # 75
0
1
2
3
4
5
6
Interest Coverage
Interest Coverage
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20. 0
0.1
0.2
0.3
Debt Coverage
Debt Coverage
2015
(Q3)
2015
(Q2)
2015
(Q1)
2014
(Q4)
2014
(Q3)
Debt Coverage 0.23 0.22 0.26 0.3 0.26
Ranking # 66 # 74 # 67 # 63 # 67
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21. STEEL

22. Business ModelSTEEL

23. STEEL

24. STEEL

25. STEEL

26. STEEL

27. STEEL

28. STEEL

29. Financial Performance
Tata Steel
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30. STEEL

31. STEEL

32. STEEL

33. STEEL

34. HIGHLIGHTS
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35. Reaping Benefits Of
Prudent Investments
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36. STEEL Reaping Benefits Of
Prudent Investments

37. STEEL

38. Transition Into Integrated
Steel Producer
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39. STEEL

40. STEEL

41. STEEL

42. STEEL

43. STEEL
Industry
Thank You 
CMA Sahil Dargan