Hold Tata Metaliks; target of Rs 690: ICICI Direct

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26 Aug, 2025 12:21

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ICICI Direct's research report on Tata Metaliks

Tata Metaliks (TML) is a subsidiary of Tata Steel, which was established in 1990. TML has manufacturing facilities in Kharagpur, West Bengal, which produces pig iron and ductile iron (DI) pipes. • TML is currently in the process of expanding its ductile iron pipe capacity • TML has healthy cash flows and a strong balance-sheet. It is one of the few players in the steel pipe sector having net cash position on its balance sheet.

Outlook

We maintain our HOLD rating on the stock. We value TML at Rs 690 i.e. 5x FY24E EV/EBITDA.

More Info

At 14:32 hrs Tata Metaliks was quoting at Rs 702.70, up Rs 3.85, or 0.55 percent.

It has touched an intraday high of Rs 720.60 and an intraday low of Rs 698.20.

It was trading with volumes of 4,233 shares, compared to its thirty day average of 7,646 shares, a decrease of -44.64 percent.

In the previous trading session, the share closed down 1.47 percent or Rs 10.45 at Rs 698.85.

The share touched its 52-week high Rs 1,364.90 and 52-week low Rs 622.45 on 30 July, 2021 and 20 June, 2022, respectively.

Currently, it is trading 48.52 percent below its 52-week high and 12.89 percent above its 52-week low.

Market capitalisation stands at Rs 2,218.95 crore.

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Tata Metaliks - 180722 - icici