Vedanta Ltd
Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE.
Its other businesses includes commercial power generation, steel manufacturing & port operations in India and manufacturing of glass substrate in South Korea and Taiwan.[1]
Presently, India accounts for ~65% of total revenues, followed by Malaysia (9%), China (3%), UAE (1%) and others (22%).[2]
- Market Cap ₹ 1,43,318 Cr.
- Current Price ₹ 386
- High / Low ₹ 397 / 208
- Stock P/E 7.72
- Book Value ₹ 179
- Dividend Yield 26.3 %
- ROCE 24.1 %
- ROE 32.5 %
- Face Value ₹ 1.00
Pros
- Stock is providing a good dividend yield of 26.3%.
- Company has delivered good profit growth of 56.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 89.6%
Cons
- Tax rate seems low
- Promoters have pledged 100.0% of their holding.
- Earnings include an other income of Rs.19,238 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7,025 | 2,348 | 28,537 | 32,502 | 34,094 | 36,663 | 45,524 | 38,644 | 35,858 | 37,440 | 63,277 | 68,080 | 70,313 | |
4,519 | 2,006 | 26,440 | 27,873 | 45,424 | 29,990 | 39,049 | 33,097 | 29,954 | 28,752 | 45,599 | 58,619 | 58,323 | |
Operating Profit | 2,507 | 342 | 2,096 | 4,630 | -11,329 | 6,673 | 6,475 | 5,547 | 5,904 | 8,688 | 17,678 | 9,461 | 11,990 |
OPM % | 36% | 15% | 7% | 14% | -33% | 18% | 14% | 14% | 16% | 23% | 28% | 14% | 17% |
418 | 332 | 1,902 | 2,005 | 1,457 | 11,007 | 8,944 | 6,400 | -9,775 | 10,688 | 8,029 | 25,594 | 19,238 | |
Interest | 420 | 469 | 3,565 | 3,656 | 3,600 | 3,896 | 3,353 | 3,757 | 3,328 | 3,193 | 3,146 | 4,384 | 5,421 |
Depreciation | 84 | 148 | 1,505 | 1,012 | 4,287 | 2,986 | 2,842 | 3,243 | 3,264 | 2,519 | 2,945 | 3,661 | 3,668 |
Profit before tax | 2,421 | 57 | -1,072 | 1,967 | -17,760 | 10,798 | 9,224 | 4,947 | -10,463 | 13,664 | 19,616 | 27,010 | 22,139 |
Tax % | 31% | -112% | 200% | 2% | 33% | -3% | 21% | -3% | 36% | 23% | 12% | -1% | |
1,680 | 121 | 1,076 | 1,927 | -11,906 | 11,069 | 7,256 | 5,075 | -6,732 | 10,503 | 17,245 | 27,356 | 21,386 | |
EPS in Rs | 19.33 | 1.39 | 3.63 | 6.50 | -40.16 | 37.34 | 19.52 | 13.65 | -18.11 | 28.26 | 46.39 | 73.59 | 57.54 |
Dividend Payout % | 21% | 7% | 90% | 63% | -9% | 52% | 109% | 138% | -22% | 34% | 97% | 138% |
Compounded Sales Growth | |
---|---|
10 Years: | 40% |
5 Years: | 8% |
3 Years: | 24% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 70% |
5 Years: | 56% |
3 Years: | 59% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 17% |
3 Years: | 20% |
1 Year: | 38% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 17% |
3 Years: | 23% |
Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 87 | 87 | 296 | 296 | 296 | 297 | 372 | 372 | 372 | 372 | 372 | 372 | 372 |
Reserves | 12,826 | 12,937 | 33,382 | 33,761 | 78,866 | 79,396 | 78,941 | 77,508 | 69,523 | 76,418 | 77,277 | 67,440 | 66,071 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 0 | 0 | |
3,599 | 4,831 | 38,943 | 37,644 | 33,468 | 43,233 | 40,713 | 42,202 | 38,935 | 32,299 | 36,778 | 42,120 | 42,580 | |
1,326 | 580 | 10,868 | 6,833 | 69,994 | 43,258 | 27,143 | 30,785 | 30,620 | 28,642 | 34,314 | 48,851 | 42,299 | |
Total Liabilities | 17,838 | 18,435 | 83,490 | 78,534 | 182,624 | 166,184 | 147,169 | 150,867 | 139,450 | 137,731 | 148,741 | 158,783 | 151,322 |
993 | 1,555 | 22,584 | 22,126 | 32,039 | 35,065 | 35,747 | 35,525 | 35,457 | 36,768 | 37,211 | 38,348 | 44,038 | |
CWIP | 681 | 363 | 17,327 | 17,422 | 21,158 | 17,243 | 18,369 | 15,731 | 12,086 | 10,701 | 10,714 | 12,184 | 11,764 |
Investments | 14,421 | 14,694 | 22,767 | 26,465 | 101,047 | 86,085 | 68,010 | 68,582 | 62,905 | 62,903 | 61,466 | 64,845 | 59,859 |
1,743 | 1,824 | 20,811 | 12,522 | 28,381 | 27,791 | 25,043 | 31,029 | 29,002 | 27,359 | 39,350 | 43,406 | 35,661 | |
Total Assets | 17,838 | 18,435 | 83,490 | 78,534 | 182,624 | 166,184 | 147,169 | 150,867 | 139,450 | 137,731 | 148,741 | 158,783 | 151,322 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,539 | -128 | 2,832 | 4,240 | 9,845 | 8,139 | 2,740 | 7,699 | 7,199 | 6,047 | 12,564 | 12,491 | |
-4,035 | -303 | -232 | 1,878 | -7,422 | -13,606 | 21,033 | 3,954 | 887 | 8,768 | 6,408 | 16,312 | |
1,693 | 394 | -506 | -6,194 | -1,223 | 4,817 | -23,545 | -9,600 | -9,449 | -13,800 | -16,315 | -29,174 | |
Net Cash Flow | -804 | -38 | 2,095 | -76 | 1,200 | -650 | 228 | 2,053 | -1,363 | 1,015 | 2,657 | -371 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 24 | 22 | 17 | 13 | 21 | 15 | 16 | 19 | 8 | 11 | 13 | 9 |
Inventory Days | 280 | 2,215 | 114 | 99 | 106 | 107 | 116 | 171 | 147 | 142 | 136 | 106 |
Days Payable | 272 | 716 | 49 | 52 | 273 | 288 | 200 | 252 | 274 | 252 | 234 | 208 |
Cash Conversion Cycle | 31 | 1,521 | 81 | 60 | -146 | -166 | -69 | -62 | -119 | -98 | -85 | -93 |
Working Capital Days | 14 | 121 | -89 | -8 | -453 | -249 | -122 | -162 | -189 | -103 | -46 | -120 |
ROCE % | 19% | 3% | 5% | 8% | -6% | 10% | 5% | 7% | 5% | 16% | 21% | 24% |
Documents
Announcements
- Board Meeting Intimation for Notice Of Board Meeting, Closure Of Trading Window And Schedule Of Investor Call On Financial Results 2h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2h
- Closure of Trading Window 2h
- Intimation Under Regulation 30(9) Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') 8h
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015, As Amended ('SEBI Listing Regulations') 16 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
Concalls
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Jan 2024Transcript PPT
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Oct 2016TranscriptNotesPPT
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Market Leader
With the successful acquisition of a Nickel and Cobalt plant at Goa, Vedanta has become the sole producer of Nickel in India. [1]