2,000 Figure 1. Tata Steel Financial Data for the Decade From 2010 to 2020 2,200 TATA STEEL LIMITED -Total_income PAT 200 1,800 1,600 1,400 1,200 1,000 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Financial Year ending Mar-17 Mar-18 Mar-19 Mar-20 150 100 50 -50 -100 PAT (INR bn) (b) D/E ratio Figure 2. Financial Information for Indian Steel Companies: (a) Trend in debt- to-equity ratio for 20072020; (b) Steel (hot rolled coil) price for 2012-2020 (a) 2.5 15 2.0 3.5 3.0 Indian Steel Industry - Average Debt-Equity ratio 1.5 1.0 0.5 0.0 ||| 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 60,000 55,000 HR Coil Price - India 50,000 45,000 40,000 35,000 30,000 2008-09 2007-08 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20