• OPEN AN ACCOUNT
Indian Indices
Nifty
16,328.75 62.60
(0.38%)
Sensex
54,621.59 295.20
( 0.54%)
Bank Nifty
34,590.85 314.45
( 0.92%)
Nifty IT
29,030.65 241.25
( 0.84%)
Global Indices
Nasdaq
11,354.62 -33.88
(-0.30%)
Dow Jones
31,261.90 8.77
(0.03%)
Hang Seng
20,717.24 596.56
(2.96%)
Nikkei 225
26,739.03 336.19
(1.27%)
Forex
USD-INR
77.39 -0.06
(-0.07%)
EUR-INR
81.54 0.16
(0.20%)
GBP-INR
96.18 0.07
(0.07%)
JPY-INR
0.60 0.00
(0.56%)

EQUITY - MARKET SCREENER

Gulshan Polyols Ltd
Industry :  Chemicals
BSE Code
ISIN Demat
Book Value()
532457
INE255D01024
95.730358
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
GULPOLY
15.46
1473.51
EPS(TTM)
Face Value()
Div & Yield %
18.34
1
0.32
 

tata steel ltd
India Ratings upgrades Tata Steel to 'IND AA+'; outlook 'stable'
Dec 16,2021

India Ratings said that the upgrade reflects its expectation that, despite likely aggregate capex of about Rs 220 billion, TSL's consolidated adjusted net leverage (adjusted debt net of cash/EBITDAR) would improve and hover between 1.0x-2.0x in FY22 and FY23 (FY21: 2.7x; FY20: 6.0x), as significant cash flow generation would lead to a reduction in its consolidated gross debt.

The ratings agency said that reducing exposure to loss-making overseas units, sustained positive free cash flows at European operations, leading to lower refinancing requirements at overseas group entities, and the consolidated adjusted net leverage falling below 2.0x, on a sustained basis, may lead to a positive rating action.

However, sustained weak profitability of the European operations, substantial debt-led acquisitions and or higher-than-expected capex outflows, leading to the consolidated adjusted net leverage exceeding 3.0x, on a sustained basis, would lead to a negative rating action.

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum.

The company recorded a consolidated net profit of Rs 12,548 crore in Q2 FY22 as against a net profit of Rs 9,768 crore in Q1 FY22, registering a growth of 28.5% on QoQ basis. Total revenue from operations rose by 12.9% QoQ to Rs 60,283 crore during the quarter. The steel maker's net profit and revenue have risen by 7.5 times and 54.8%, respectively, in Q2 FY22 as compared with Q2 FY21.

The scrip rose 0.21% to currently trade at Rs 1156.30 on the BSE.