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Sunday, May 26th 03:05 PM IST
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Tata Steel's net debt increased 5 percent to Rs 52,400 crore in 2011-12, despite the company witnessing free cash flows of Rs 2,200 crore, Motilal Oswal said in a note that maintained a sell rating for the stock as outlook is not very encouraging. The net worth of the Tata Steel group increased by Rs 7700 crore to Rs 43300 crore largely due to equity infusion, asset sales, goodwill and asset translation gains. Core profit from India business after paying dividend contributed Rs 4700 crore, but this was offset by Rs 4200 crore of after tax loss in overseas operations, the report said. emOther points from the report are as follows:/em [caption id=attachment_388530 align=alignleft width=380

Tata Steel's net debt increased 5 percent to Rs 52,400 crore in 2011-12, despite the company witnessing free cash flows of Rs 2,200 crore, Motilal Oswal said in a note that maintained a sell rating for the stock as outlook is not very encouraging. The net worth of the Tata Steel group increased by Rs 7700 crore to Rs 43300 crore largely due to equity infusion, asset sales, goodwill and asset translation gains. Core profit from India business after paying dividend contributed Rs 4700 crore, but this was offset by Rs 4200 crore of after tax loss in overseas operations, the report said. emOther points from the report are as follows:/em [caption id=attachment_388530 align=alignleft width=380