Tata Steel revenue and financials

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Close · October 7, 2026

In the fiscal year ended March 2026, Tata Steel reported revenue of ₹2.32T (+6.22% year over year). Net income was ₹107.94B, a net margin of 4.6%.

Annual revenue · 2026: ₹2.32T
  1. ₹2.44T2022
  2. ₹2.43T2023
  3. ₹2.29T2024
  4. ₹2.19T2025
  5. ₹2.32T2026

Fiscal year ending in March. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+6.22%
FY to Mar 2026 vs FY to Mar 2025
Net income growth
+215.56%
FY to Mar 2026 vs FY to Mar 2025
Net margin
4.6%
FY to Mar 2025: 1.6%

Financial data

Amounts in millions of INR; per-share values in INR; shares in millions.

Balance sheet · Annual
ItemFY to Mar 2026FY to Mar 2025FY to Mar 2024FY to Mar 2023FY to Mar 2022
Total assets3,012,5412,793,9482,734,2352,880,2172,854,456
Current assets725,202683,915705,483866,655922,561
Cash and equivalents88,85096,05070,808121,299156,047
Short-term investments90616,94817,74249,726—
Receivables50,69954,91364,20584,117123,427
Inventory472,492445,899491,575544,153488,244
Net property, plant and equipment1,874,6121,739,0501,644,9421,582,2721,457,318
Goodwill75,33859,58557,45356,01743,112
Other intangible assets134,097126,729129,304140,05752,904
Long-term investments61,05957,76055,45047,92246,154
Current liabilities969,176860,936984,035972,951905,880
Accounts payable348,101293,144302,276324,546310,687
Long-term debt637,537685,518515,767514,463447,641
Total debt923,817948,011870,821848,931—
Total liabilities1,974,7371,880,4201,809,9081,828,4651,683,471
Total equity (incl. minority)1,037,805913,528924,3271,051,7521,170,985
Retained earnings525,873466,110477,274603,599678,402
Minority interest16,1281,8323,97020,93126,554