Tata Sponge Iron Ltd - 513010

Name of Company	Tata Sponge Iron Ltd
BSE Code	513010
NSE Code	TATASPONGE
ICICI Code	TATSPO
Established
My Take	Like
Headquarters	Keonjhar
Promoters	Tata group
Story
Sector	Steel
Sub-sector	Sponge Iron
Website	http://www.tatasponge.com/
Positives	43% promoter holding(mainly by TISCO), DII/FII hold this as well. Mostly around 12% NPM, has been > 7% in last 5 years. Can expect 1-2% dividend each year (regular). Zero Debt
Negatives	Revenues are volatile, but not much. Revenues have tended to increase overall.
Peers
News
Price @ blogged	357 (25-Dec-10)
Cost of company	549 Cr for a FY10 profit of 84 Cr = 6.5 times. For a company with 400 Cr reserves and no debt, this is cheap.