Vedanta Ltd

Vedanta Ltd

₹ 264 -0.57%
27 Feb 3:50 p.m.
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 98,041 Cr.
  • Current Price 264
  • High / Low 301 / 208
  • Stock P/E 19.6
  • Book Value 85.0
  • Dividend Yield 38.5 %
  • ROCE 21.2 %
  • ROE 20.4 %
  • Face Value 1.00

Pros

  • Stock is providing a good dividend yield of 38.5%.
  • Company has been maintaining a healthy dividend payout of 159%

Cons

  • 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
22,735 28,206 28,412 30,401 34,097 39,822 38,622 36,654 34,102 37,930 33,733 38,945 35,541
14,978 19,169 18,541 19,987 23,287 26,189 28,425 28,955 27,035 28,471 27,313 27,466 27,010
Operating Profit 7,757 9,037 9,871 10,414 10,810 13,633 10,197 7,699 7,067 9,459 6,420 11,479 8,531
OPM % 34% 32% 35% 34% 32% 34% 26% 21% 21% 25% 19% 29% 24%
886 86 605 576 472 275 733 931 1,619 -631 2,326 1,863 779
Interest 1,321 1,325 1,182 1,066 1,216 1,333 1,206 1,642 1,572 1,805 2,110 2,523 2,417
Depreciation 1,912 2,055 2,124 2,118 2,274 2,379 2,464 2,624 2,720 2,765 2,550 2,642 2,788
Profit before tax 5,410 5,743 7,170 7,806 7,792 10,196 7,260 4,364 4,394 4,258 4,086 8,177 4,105
Tax % 22% -33% 26% 26% 31% 29% 23% 38% 30% 26% 19% 111% 30%
4,224 7,628 5,283 5,812 5,354 7,261 5,593 2,687 3,091 3,132 3,308 -915 2,868
EPS in Rs 8.87 17.30 11.36 12.42 11.20 15.60 11.89 4.86 6.63 5.06 7.10 -4.80 5.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
8,978 2,749 66,152 73,710 64,262 72,225 91,866 92,048 84,447 88,021 132,732 147,308 146,149
5,478 2,283 46,557 51,595 82,741 50,849 66,989 68,877 63,704 60,703 87,908 112,877 110,260
Operating Profit 3,500 465 19,595 22,114 -18,479 21,376 24,877 23,171 20,743 27,318 44,824 34,431 35,889
OPM % 39% 17% 30% 30% -29% 30% 27% 25% 25% 31% 34% 23% 25%
168 33 1,874 -19,222 4,290 4,423 6,087 4,270 -14,932 2,743 1,832 2,625 4,337
Interest 433 475 5,094 5,659 5,778 5,855 5,112 5,689 4,977 5,210 4,797 6,225 8,855
Depreciation 106 197 6,882 7,159 8,572 6,292 6,283 8,192 9,093 7,638 8,895 10,555 10,745
Profit before tax 3,129 -174 9,493 -9,925 -28,540 13,652 19,569 13,560 -8,259 17,213 32,964 20,276 20,626
Tax % 33% 25% -9% -15% 37% 17% 30% 28% 43% 13% 28% 28%
2,696 2,280 11,421 -11,369 -17,862 11,316 13,692 9,698 -4,744 15,032 23,710 14,503 8,393
EPS in Rs 31.01 26.24 21.25 -52.77 -41.39 23.47 27.82 19.01 -17.93 31.21 50.58 28.45 12.78
Dividend Payout % 13% 0% 15% -8% -8% 83% 76% 99% -22% 30% 89% 357%
Compounded Sales Growth
10 Years: 49%
5 Years: 10%
3 Years: 20%
TTM: -2%
Compounded Profit Growth
10 Years: 17%
5 Years: 4%
3 Years: -10%
TTM: -65%
Stock Price CAGR
10 Years: 4%
5 Years: 9%
3 Years: 9%
1 Year: -8%
Return on Equity
10 Years: 14%
5 Years: 21%
3 Years: 24%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 15,031 17,388 72,712 53,579 43,743 60,128 62,940 61,925 54,263 61,906 65,011 39,051 31,211
Preference Capital 0 0 0 0 0 0 0 0 2 2 0 0
3,741 4,839 80,566 77,752 67,778 71,569 58,159 66,226 59,185 57,667 53,583 66,628 75,064
1,542 723 60,545 58,654 80,163 64,952 58,896 70,045 66,917 63,551 74,981 84,383 86,925
Total Liabilities 20,401 23,037 214,120 190,281 191,980 196,946 180,367 198,568 180,737 183,496 193,947 190,434 193,572
3,307 4,136 87,205 70,108 61,591 75,631 78,455 86,327 86,127 88,002 89,498 90,322 99,274
CWIP 837 723 43,128 38,748 38,461 27,557 32,055 24,959 18,585 16,314 15,879 19,690 19,636
Investments 14,167 16,059 37,910 39,606 53,386 46,962 28,700 33,065 24,753 16,660 17,291 13,150 12,855
2,090 2,119 45,877 41,819 38,542 46,796 41,157 54,217 51,272 62,520 71,279 67,272 61,807
Total Assets 20,401 23,037 214,120 190,281 191,980 196,946 180,367 198,568 180,737 183,496 193,947 190,434 193,572

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,215 22 15,601 17,805 20,377 18,083 17,366 23,754 19,300 23,980 34,963 33,065
-4,724 -311 -2,890 -4,133 -7,868 2,681 15,480 -10,594 -5,925 -6,678 -2,243 -668
1,726 238 -5,052 -13,956 -11,303 -12,425 -39,255 -10,242 -15,547 -17,565 -28,903 -34,142
Net Cash Flow -784 -51 7,659 -284 1,206 8,339 -6,409 2,918 -2,172 -263 3,817 -1,745

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 22 19 25 18 14 11 16 16 12 14 14 10
Inventory Days 328 143 129 132 161 135 184 184 153 147 124
Days Payable 333 66 78 267 308 202 242 275 245 221 205
Cash Conversion Cycle 18 19 102 69 -120 -136 -51 -42 -80 -77 -61 -71
Working Capital Days 14 118 -47 -22 -149 -175 -95 -120 -129 -68 -34 -65
ROCE % 22% 2% 13% 9% -14% 11% 15% 14% 10% 17% 28% 21%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
55.11% 65.18% 65.18% 69.69% 69.69% 69.69% 69.68% 69.68% 68.11% 68.11% 63.71% 63.71%
16.27% 10.29% 8.69% 8.67% 9.35% 8.68% 8.09% 7.90% 7.89% 7.48% 7.82% 7.74%
11.62% 10.60% 11.93% 10.84% 11.60% 11.57% 10.37% 11.05% 10.20% 9.98% 10.59% 11.19%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
16.67% 13.61% 13.88% 10.56% 9.13% 9.84% 11.57% 11.07% 13.63% 14.29% 17.74% 17.23%
0.33% 0.32% 0.32% 0.25% 0.23% 0.22% 0.22% 0.22% 0.11% 0.08% 0.08% 0.06%
No. of Shareholders 5,86,5576,21,0576,69,9667,15,4467,43,5829,51,22813,26,95312,98,59914,11,55115,65,26419,42,80019,09,460

* 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.

Click on the line-items to see the names of individual entities.

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