Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Tata Steel Long Products Limited manufactures and sells steel and allied products in India. It provides sponge iron, special bar quality steel, and wire rod products. The company also offers a range of steel products, including forgings, bearings, fasteners, and free-cutting products for various industries, such as construction, railways, power, auto, general engineering, defense, and other infrastructure projects. In addition, the company is involved in the generation of power from waste heat and thermal coal. Further, Tata Steel Long Products Limited exports its products. The company was formerly known as Tata Sponge Iron Limited and changed its name to Tata Steel Long Products Limited in August 2019. Tata Steel Long Products Limited was incorporated in 1982 and is based in Kolkata, India. Tata Steel Long Products Limited is a subsidiary of Tata Steel Limited.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on