Vedanta Ltd

Vedanta Ltd

₹ 463 -1.47%
24 Jun - close price
About

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]

Key Points

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]

  • Market Cap 1,72,237 Cr.
  • Current Price 463
  • High / Low 507 / 208
  • Stock P/E 46.8
  • Book Value 82.6
  • Dividend Yield 6.37 %
  • ROCE 20.9 %
  • ROE 10.5 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 235%

Cons

  • Promoter holding has decreased over last quarter: -1.76%
  • Promoters have pledged 100.0% of their holding.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
28,206 28,412 30,401 34,097 39,822 38,622 36,654 34,102 37,930 33,733 38,945 35,541 35,509
19,169 18,541 19,987 23,287 26,189 28,425 28,955 27,035 28,471 27,313 27,466 27,010 26,741
Operating Profit 9,037 9,871 10,414 10,810 13,633 10,197 7,699 7,067 9,459 6,420 11,479 8,531 8,768
OPM % 32% 35% 34% 32% 34% 26% 21% 21% 25% 19% 29% 24% 25%
86 605 576 472 275 733 931 1,619 -631 2,326 1,863 779 383
Interest 1,325 1,182 1,066 1,216 1,333 1,206 1,642 1,572 1,805 2,110 2,523 2,417 2,415
Depreciation 2,055 2,124 2,118 2,274 2,379 2,464 2,624 2,720 2,765 2,550 2,642 2,788 2,743
Profit before tax 5,743 7,170 7,806 7,792 10,196 7,260 4,364 4,394 4,258 4,086 8,177 4,105 3,993
Tax % -33% 26% 26% 31% 29% 23% 38% 30% 26% 19% 111% 30% 43%
7,628 5,283 5,812 5,354 7,261 5,593 2,687 3,091 3,132 3,308 -915 2,868 2,275
EPS in Rs 17.30 11.36 12.42 11.20 15.60 11.89 4.86 6.63 5.06 7.10 -4.80 5.42 3.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,749 66,152 73,710 64,262 72,225 91,866 92,048 84,447 88,021 132,732 147,308 143,727
2,283 46,557 51,595 82,741 50,849 66,989 68,877 63,704 60,703 87,908 112,877 108,415
Operating Profit 465 19,595 22,114 -18,479 21,376 24,877 23,171 20,743 27,318 44,824 34,431 35,312
OPM % 17% 30% 30% -29% 30% 27% 25% 25% 31% 34% 23% 25%
33 1,874 -19,222 4,290 4,423 6,087 4,270 -14,932 2,743 1,832 2,625 5,239
Interest 475 5,094 5,659 5,778 5,855 5,112 5,689 4,977 5,210 4,797 6,225 9,465
Depreciation 197 6,882 7,159 8,572 6,292 6,283 8,192 9,093 7,638 8,895 10,555 10,723
Profit before tax -174 9,493 -9,925 -28,540 13,652 19,569 13,560 -8,259 17,213 32,964 20,276 20,363
Tax % 25% -9% -15% 37% 17% 30% 28% 43% 13% 28% 28% 63%
2,280 11,421 -11,369 -17,862 11,316 13,692 9,698 -4,744 15,032 23,710 14,503 7,539
EPS in Rs 26.24 21.25 -52.77 -41.39 23.47 27.82 19.01 -17.93 31.21 50.58 28.45 11.40
Dividend Payout % 0% 15% -8% -8% 83% 76% 99% -22% 30% 89% 357% 259%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 18%
TTM: -2%
Compounded Profit Growth
10 Years: -5%
5 Years: -12%
3 Years: -33%
TTM: -66%
Stock Price CAGR
10 Years: 5%
5 Years: 21%
3 Years: 21%
1 Year: 66%
Return on Equity
10 Years: 14%
5 Years: 22%
3 Years: 22%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 87 296 296 296 297 372 372 372 372 372 372 372
Reserves 17,388 72,712 53,579 43,743 60,128 62,940 61,925 54,263 61,906 65,011 39,051 30,350
Preference Capital 0 0 0 0 0 0 0 2 2 0 0 0
4,839 80,566 77,752 67,778 71,569 58,159 66,226 59,185 57,667 53,583 80,329 87,706
723 60,545 58,654 80,163 64,952 58,896 70,045 66,917 63,551 74,981 69,703 69,690
Total Liabilities 23,037 214,120 190,281 191,980 196,946 180,367 198,568 180,737 183,496 193,947 189,455 188,118
4,136 87,205 70,108 61,591 75,631 78,455 86,327 86,127 88,002 89,498 90,483 92,551
CWIP 723 43,128 38,748 38,461 27,557 32,055 24,959 18,585 16,314 15,879 19,529 22,889
Investments 16,059 37,910 39,606 53,386 46,962 28,700 33,065 24,753 16,660 17,291 13,150 11,869
2,119 45,877 41,819 38,542 46,796 41,157 54,217 51,272 62,520 71,279 66,293 60,809
Total Assets 23,037 214,120 190,281 191,980 196,946 180,367 198,568 180,737 183,496 193,947 189,455 188,118

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
22 15,601 17,805 20,377 18,083 17,366 23,754 19,300 23,980 34,963 33,065 35,654
-311 -2,890 -4,133 -7,868 2,681 15,480 -10,594 -5,925 -6,678 -2,243 -668 -13,676
238 -5,052 -13,956 -11,303 -12,425 -39,255 -10,242 -15,547 -17,565 -28,903 -34,142 -26,092
Net Cash Flow -51 7,659 -284 1,206 8,339 -6,409 2,918 -2,172 -263 3,817 -1,745 -4,114

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 25 18 14 11 16 16 12 14 14 10 9
Inventory Days 143 129 132 161 135 184 184 153 147 124 107
Days Payable 66 78 267 308 202 242 275 245 221 91 83
Cash Conversion Cycle 19 102 69 -120 -136 -51 -42 -80 -77 -61 43 33
Working Capital Days 118 -47 -22 -149 -175 -95 -120 -129 -68 -34 -29 -14
ROCE % 2% 13% 9% -14% 11% 15% 14% 10% 17% 28% 20% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.18% 65.18% 69.69% 69.69% 69.69% 69.68% 69.68% 68.11% 68.11% 63.71% 63.71% 61.95%
10.29% 8.69% 8.67% 9.35% 8.68% 8.09% 7.90% 7.89% 7.48% 7.82% 7.74% 8.77%
10.60% 11.93% 10.84% 11.60% 11.57% 10.37% 11.05% 10.20% 9.98% 10.59% 11.19% 13.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
13.61% 13.88% 10.56% 9.13% 9.84% 11.57% 11.07% 13.63% 14.29% 17.74% 17.23% 15.86%
0.32% 0.32% 0.25% 0.23% 0.22% 0.22% 0.22% 0.11% 0.08% 0.08% 0.06% 0.18%
No. of Shareholders 6,21,0576,69,9667,15,4467,43,5829,51,22813,26,95312,98,59914,11,55115,65,26419,42,80019,09,46017,85,798

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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