Current asset turnover ratio 6 fluctuates during the study period.
The retained earnings of the company shows highly increasing trend.
Management Discussion and Analysis The Management Discussion and Analysis as required in terms of the Listing Regulations is annexed to the report Annexure 2 and is incorporated herein by reference and forms an integral part of this report. Changing trade flows in the global steel market have caused an increase in the amount of anti-dumping measures.
Capex and Liquidity During the year under review, the Company, on a consolidated basis spent Rs.
The cost component of the company increased but low overall borrowing strengthen the company to mobilize the recourses while keeping the leverage at managing level so it concludes that, the financial health shown by Z score analysis during that period reveals better management of the solvency position of the company.
Kandasamy, S. Operations and Performance 1. The efficiency of the firm earning return on assets is not satisfactory level. The turnover increased from Rs.
It fluctuates during the study period. The Policy is annexed to this report Annexure 1 and is also available on our website www. The total assets turnover ratio and fixed assets turnover ratio have fluctuating trend over the study period. Such a situation forces to import better quality steel from abroad.
While the slow paced growth in the second half of is likely to continue in the first half of , growth in the second half of is expected to gain momentum, owing to an ongoing build-up of policy stimulus in China, improvements in global financial market sentiment, waning of some temporary drags on growth in the euro area, and a gradual stabilisation of conditions in stressed emerging market economies. The automotive sector is expected to grow at about 7. During the year under review, the Group reported a consolidated profit after tax including discontinued operations of Rs.
Surely, unique problems of Indian steel industriy namely high conversion cost, underutilization of installed capacity, limited availability of coking coal, low productivity may have some influence in Tata Steel and that may be reflected in its financial position. While the first half of witnessed strong growth at 3. The findings and suggestions are given in the end of the paper. Normally, the growth in steel is directly related to GDP. The cost component of the company increased but low overall borrowing strengthen the company to mobilize the recourses while keeping the leverage at managing level so it concludes that, the financial health shown by Z score analysis during that period reveals better management of the solvency position of the company. Steel demand in developing Asia excluding China is expected to grow by 6.
The gross profit ratio also is known as gross margin ratio. The high cost of material result in decrease the gross profit margin of the company. The highest growth shows in the year and the year shows a decreases when compared with base year Steel demand in developing Asia excluding China is expected to grow by 6. The net profit ratio ranges from
Total deliveries at Tata Steel India were at The results for the current period of NSH and TSTH have been disclosed within discontinued operations and results for the previous periods have been restated accordingly.