TATA STEEL BALANCE SHEET

As on march 2025 As on march 2024 As on march 2023

ASSETS
A) NON- CURRENT ASSETS
1 Property, plant & equipment 125,215.17 123,538.14 118,696.74
2 Capital work- in -progress 40,601.88 33,370.19 30,307.90
3 Right-of-use assets 8,087.95 7,585.89 9,222.52
4 Goodwill on consolidation 5,958.53 5,745.30 5,601.65
5 other Intangible assets 11,652.41 11,945.05 13,100.55
6 Intangible assets under development 1,020.47 985.34 905.12
7 Equity accounted investments 2,970.86 2,947.15 3,233.33
8 Financial assets 0.00 (advance against eq
9 Investments 2,780.60 2,579.19 1,546.92
10 Loans 114.66 73.14 64.74
11 Derivative assets 0.05 265.86 403.4
12 Other financial assets 1,662.34 1,608.32 510.88
13 Retirement benefit assets 12.67 23.26 6,990.83
14 Non-current tax assets 3,824.52 4,754.11 4,369.03
15 Deferred tax assets 3,936.22 4,111.08 2,625.96
16 Other assets 3,164.93 3,343.23 3,776.63
Total non-current assets 211,003.26 202,875.25 201,356.20

B) CURRENT ASSETS
1 Inventories 44,589.94 49,157.51 54,415.33
2 Financial assets
3 Investments 442.65 731.23 3,630.06
4 Trade receivables 5,260.06 6,263.53 8,257.24
5 Cash and cash equivalents 9,604.96 7,080.84 12,129.90
6 Other balances with banks 2,042.02 1,596.88 1,227.36
7 Loans 4.98 1.6 1.84
8 Derivative assets 370.5 201.33 561.46
9 Other financial assets 1,456.14 1,172.58 1,435.51
10 Retirement benefit assets 2.33 0.00 0.00
11 Current tax assets 79.52 79.68 117.69
12 Other assets 4,538.44 4,218.41 4,829.75
Total current assets 68,391.54 70,503.59 86,606.14
Assets held for sale 0 44.66 59.4
Total assets 279,394.80 273,423.50 288,021.74

C) EQUITY & LIABILITIES

Equity
1 Equity share capital 1,247.44 1,247.44 1,221.24
2 Hybrid perpetual securities 0.00 0.00 0.00
3 Other equity 89,922.19 90,788.32 101,860.86
 4 Equity attributable to owners of the Compan 91,169.63 92,035.76 103,082.10
5 Non-controlling interests 183.15 396.98 2,093.11
Total equity 91,352.78 92,432.74 105,175.21

D) NON CURRENT LIABILITIES

Financial liabilities
1 Borrowings 68,551.81 51,576.73 51,446.33
2 Lease liabilities 4,832.71 4,538.70 5,811.08
3 Derivative liabilities 206.38 0.11 0
4 Other financial liabilities 1,294.17 1,491.83 1,871.51
5 Provisions 5,806.50 5,424.03 4,775.84
6 Retirement benefit obligations 3,272.01 3,219.48 2,931.37
7 Deferred income 764.91 433.65 132.36
8 Deferred tax liabilities 14,430.15 12,992.34 14,115.64
9 Other liabilities 2,789.83 2,910.41 4,467.27
Total non-current liabilities 101,948.47 82,587.28 85,551.40

E) CURRENT LIABILITIES
1 Financial liabilities
2 Borrowings 20,412.00 29,997.19 26,571.37
3 Lease liabilities 1,004.53 969.5 1,064.27
4 Trade payables 29,314.38 30,227.64 37,832.54
5 Derivative liabilities 391.18 214.38 1,630.53
6 Other financial liabilities 15,820.51 15,652.68 9,590.21
7 Provisions 3,888.29 3,779.08 3,882.73
8 Retirement benefit obligations 154.62 146.72 162.47
9 Deferred income 30.71 63.71 91.93
10 Current tax liabilities 1,775.52 2,166.85 1,923.98
11 Other liabilities 13,301.81 15,185.73 14,545.10
Total current liabilities 86,093.55 98,403.48 97,295.13
Total Liabilities 188,042.02 180,990.76 182,846.53
Liabilities held for sale 0 0 0
Total equity and liabilities 279,394.80 273,423.50 288,021.74
0.00 0.00 0.00
 (In crores)
As on march 2022 As on march 2021

116,166.46 119,003.50
21,227.62 18,128.74
8,337.70 9,450.95
4,311.20 4,344.69
4,472.47 2,976.04
817.93 878.66
2,961.65 2,475.66
1,210.00
1,653.78 987.38
72.44 91.93
318.15 162.66
442.64 459.57
20,397.96 20,019.47
3,785.01 1,845.34
3,023.93 1,578.02
3,690.05 2,872.70
192,888.99 185,275.31

48,824.39 33,276.38

8,524.42 7,218.89
12,246.43 9,539.84
15,604.68 5,532.08
294.25 250.1
5.84 5.59
1,172.74 498.79
2,011.62 1,480.10
1.25 0.42
61.63 156.74
3,508.82 2,153.44
92,256.07 60,112.37
300.54 99.53
285,445.60 245,487.21

1,221.21 1,197.61
0.00 775
113,221.83 72,266.16
114,443.04 74,238.77
2,655.42 3,269.68
117,098.46 77,508.45

44,764.07 65,698.01
5,696.46 6,710.78
10.35 71.41
989.57 522.7
4,825.98 4,691.92
3,413.71 3,499.79
137.16 144.26
12,325.78 9,241.42
5,596.06 6,531.34
77,759.14 97,111.63

24,064.61 14,968.97
1,036.21 1,123.65
36,764.87 25967.49
196.91 510.01
8,381.41 7,802.60
2,768.49 4,725.32
158.22 166.84
130.45 63.98
1,382.70 4,424.44
15,513.02 11,113.83
90,396.89 70,867.13
168,156.03 167,978.76
191.11 0.00
285,445.60 245,487.21
0.00 0.00
 PROFIT & LOSS STATEMENT

as on march 2025 as on march 2024 as on march 2023

A) Revenue from operations 218,542.51 229,170.78 243,352.69
B) Other income 1,540.53 1,808.85 1,037.48
C) Total income 220083.04 230979.63 244390.17
Expenses:
cost of goods sold 95000.65 101915.74 113238.3
Employee benefits expense 24,888.99 24,509.58 22,419.32
Finance costs 7,340.95 7,507.57 6,298.70
Depreciation and amortisation expense 10,421.33 9,882.16 9,335.20
Other expenses 74,699.99 82,354.89 80,518.87
212,351.91 226,169.94 231,810.39
Less: Expenditure (other than interest) 1,345.57 1,915.33 5,123.96
D) Total expenses 211,006.34 224,254.61 226,686.43
Share of profit/(loss) of joint ventures
and associates 190.81 -57.98 418.12
Profit/(loss) before exceptional items and
tax 9,267.51 6,667.04 18,121.86
Total exceptional items -854.64 -7,814.08 113.26
E) Profit/(loss) before tax 8,412.87 -1,147.04 18,235.12
Tax expense:
Current tax 3,563.77 5,368.91 5,361.33
MAT credit -7.79 -78.77 0.00
Deferred tax 1,683.11 -1,527.57 4,798.44
F) Total tax expense 5,239.09 3,762.57 10,159.77
Profit/(loss) after tax from continuing
operations 3,173.78 -4,909.61 8,075.35
Profit/(loss) after tax from discontinued
operations 0 0 0.00
G) Profit/(loss) for the year 3,173.78 -4,909.61 8,075.35
Less- Profit/loss attributable to non
I) controlling interests -246.73 -472.17 -685.05
profit/loss attributable to owner of the
H) company 3,420.51 -4,437.44 8,760.40

K) EPS
Basic 2.74 -3.62 7.17
Diluted 2.74 -3.62 7.17
L) Nominal Value per Share 1 1 1
M) No of equity shares 12,471,847,611 12,209,853,070 12,210,098,132
 (In crores)
as on march 2022 as on march 2021
243,959.17 156,477.40
784.89 895.6
244744.06 157373

83478.74 56617.58
23,264.10 19,908.81
5,462.20 7,606.71
9,100.87 9,233.64
76,616.28 51,212.44
197,922.19 144,579.18
2,889.90 1,765.69
195,032.29 142,813.49

649.16 327.34

50,360.93 14,886.85
-134.06 -1,043.16
50,226.87 13,843.69

7,049.88 4,288.27
0.00 0.00
1,427.67 1,365.63
8,477.55 5,653.90

41,749.32 8,189.79

0.00 0.00
41,749.32 8,189.79

1,595.39 699.57

40,153.93 7,490.22

33.24 63.78
33.21 63.78
1 10
12,081,428,595 1,145,902,736
Cash flow

Particulars as on march 2025 as on march 2024 as on march 2023

Cashflow from operatrions

Profit/(loss) for the year 3,173.78
ADD - non cash expense
Depreciation and amortisation expense 10,421.33
Share of profit/(loss) of joint ventures and associates -190.81
Other income 1,540.53
Finance costs 7,340.95
22,285.78
CashFlow befor WC changes
Change in assets
Inventories -4,567.57
Trade receivables 1,003.47
Loans -3.38
Derivative assets -169.17
Other financial assets -283.56
Retirement benefit assets -2.33
Current tax assets 0.16
Other assets -320.03
Loans -41.52
Derivative assets 265.81
Other financial assets -54.02
Retirement benefit assets 10.59
Non-current tax assets 929.59
Other assets 178.30
Deferred tax assets 174.86
Change in Liabilities
Derivative liabilities 206.27
Other financial liabilities -197.66
Provisions 382.47
Retirement benefit obligations 52.53
Deferred income 331.26
Deferred tax liabilities 1437.81
Other liabilities -120.58
Trade payables -913.26
Derivative liabilities 176.80
Other financial liabilities 167.83
Provisions 109.21
Retirement benefit obligations 7.90
Deferred income -33.00
Current tax liabilities -391.33
Other liabilities -1,883.92
Cashflow from WC changes -3,546.47

Cashflow form Operations 18,739.31

Cashflow from Investing activity

Property, plant & equipment -12,098.36
Capital work- in -progress -7,231.69
Goodwill on consolidation -213.23
other Intangible assets 292.64
Intangible assets under development -35.13
Equity accounted investments -23.71
Financial assets 0.00
Investments -201.41
Investments 288.58
Other income 1,540.53
Share of profit/(loss) of joint ventures and associates 190.81
Assets held for sale 44.66

Cashflow from Investing activity -17,446.31

Cashflow from Financing Activity

Equity share capital 0.00
Hybrid perpetual securities 0.00
Other equity -4,286.64
Non-controlling interests 32.9
Borrowings 16,975.08
Borrowings -9,585.19
Liabilities held for sale 0
Finance costs -7,340.95

Cashflow from Investing activity -4,204.80

Total Cash generated for the year -2,911.80

Opeaning Cash for the year 8,677.72

Closing Balance for the year 5,765.92

Closing Balance as per balancesheet 11,646.98 5,881.06

as on march 2022 as on march 2021