Tata Steel Limited (TTST.IL)

Tata Steel Limited (TTST.IL) — VMCI valuation read

Tata Steel Limited sits at VMCI 42/100, with the Basic Materials sector median at 50. That 8-point spread is the first thing to note on TTST.IL: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on TTST.IL are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on TTST.IL: TTST.IL trades at 14.0x earnings, 22% below the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of 3.5x is the binding constraint on the bear case, anchoring the bear scenario on a measurable balance-sheet metric.

TTST.IL fell 1.2% over the trailing 7 days, with a +6.9% read on a 30-day basis.