Vedanta Ltd

Vedanta is principally engaged in the exploration, production and sale of aluminium, iron ore, copper, commercial power and oil and gas.

Pros:
Stock is trading at 0.98 times its book value
Stock is providing a good dividend yield of 11.88%.
Company has good consistent profit growth of 26.74% over 5 years
Company has been maintaining a healthy dividend payout of 50.27%
Cons:
Promoter's stake has decreased
Company has a low return on equity of -0.11% for last 3 years.
Contingent liabilities of Rs.39420.00 Cr.
Earnings include an other income of Rs.10719.00 Cr.

Peer Comparison Sector: Mining & Mineral products // Industry: Mining / Minerals / Metals

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
15,911 14,438 15,861 19,415 22,511 18,285 21,590 24,361 27,630 22,206 22,705 23,669
12,395 10,996 11,188 13,548 15,248 13,392 15,920 17,686 23,940 15,922 17,572 18,024
Operating Profit 3,516 3,442 4,673 5,867 7,263 4,893 5,670 6,675 3,690 6,284 5,133 5,645
OPM % 22% 24% 29% 30% 32% 27% 26% 27% 13% 28% 23% 24%
Other Income -32,337 1,271 1,375 1,014 894 1,089 1,105 323 8,009 418 894 1,398
Interest 1,562 1,393 1,451 1,508 1,503 1,626 1,427 1,125 1,424 1,546 1,478 1,358
Depreciation 2,082 1,550 1,557 1,581 1,604 1,448 1,507 1,645 1,683 1,796 1,931 2,207
Profit before tax -32,465 1,770 3,040 3,792 5,050 2,908 3,841 4,228 8,592 3,360 2,618 3,478
Tax % 35% 23% 18% 15% 16% 23% 24% 32% 34% 33% 27% 33%
Net Profit -21,104 1,358 2,495 2,133 2,647 1,501 2,045 1,994 4,802 1,533 1,343 1,574
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
2,238 3,821 5,263 6,670 10,136 8,978 2,749 66,152 73,710 64,262 72,225 91,866 96,210
1,296 1,548 2,749 3,557 4,945 5,544 2,286 46,757 52,822 82,741 51,094 71,007 75,458
Operating Profit 941 2,273 2,513 3,114 5,192 3,434 463 19,396 20,887 -18,479 21,131 20,859 20,752
OPM % 42% 59% 48% 47% 51% 38% 17% 29% 28% -29% 29% 23% 22%
Other Income 67 105 253 461 552 235 35 2,073 -17,994 4,290 4,668 10,776 10,719
Interest 3 3 4 56 87 433 475 5,094 5,659 5,778 5,855 5,783 5,806
Depreciation 39 50 52 74 96 106 197 6,882 7,159 8,572 6,292 6,283 7,617
Profit before tax 966 2,325 2,710 3,445 5,560 3,129 -174 9,493 -9,925 -28,540 13,652 19,569 18,048
Tax % 33% 33% 26% 23% 24% 33% 25% -9% -15% 37% 17% 30%
Net Profit 646 1,542 1,988 2,629 4,222 2,696 2,280 6,299 -15,646 -12,270 6,958 10,342 9,252
EPS in Rs 7.89 19.20 24.87 31.09 48.00 30.33 26.23 20.61 0.00 0.00 18.58 23.55
Dividend Payout % 24% 11% 9% 10% 7% 13% 0% 15% -8% -8% 83% 76%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:37.44%
5 Years:101.74%
3 Years:7.62%
TTM:10.91%
Compounded Profit Growth
10 Years:17.16%
5 Years:26.74%
3 Years:58.27%
TTM:13.01%
Return on Equity
10 Years:6.57%
5 Years:2.77%
3 Years:-0.11%
Last Year:12.11%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
39 39 79 83 87 87 87 296 296 296 372 372 372
Reserves 1,570 2,904 4,637 7,835 12,724 15,031 17,388 72,712 53,579 43,743 60,128 63,136 67,600
Borrowings 0 0 2 1,961 999 3,741 4,839 80,566 77,752 67,778 71,569 58,159 59,001
350 474 694 1,368 1,800 1,557 836 63,804 61,449 92,375 96,796 94,723 74,062
Total Liabilities 1,960 3,417 5,412 11,247 15,610 20,416 23,150 217,378 193,077 204,192 228,790 216,390 201,035
460 476 544 2,177 2,416 3,307 4,136 87,205 70,108 61,591 75,631 78,455 102,359
CWIP 20 21 49 79 544 837 723 43,128 38,748 38,461 27,557 32,055 18,712
Investments 845 2,051 3,125 4,565 8,800 14,167 16,059 37,910 39,606 53,386 46,962 28,700 31,927
634 869 1,693 4,426 3,851 2,106 2,232 49,136 44,615 50,754 78,640 77,180 48,037
Total Assets 1,960 3,417 5,412 11,247 15,610 20,416 23,150 217,378 193,077 204,192 228,790 216,390 201,035

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
614 1,386 2,134 2,571 3,541 2,215 22 15,601 17,805 20,377 18,083 18,037
-441 -1,203 -999 -5,234 -2,303 -4,724 -311 -2,890 -4,133 -7,868 2,681 15,480
-190 -184 -1,139 2,682 -400 1,726 238 -5,052 -13,956 -11,303 -12,425 -39,926
Net Cash Flow -16 -1 -4 20 837 -784 -51 7,659 -284 1,206 8,339 -6,409

Ratios Consolidated / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 70% 102% 70% 47% 47% 22% 2% 16% 12% -19% 14% 16%
Debtor Days 44 45 21 18 25 22 19 25 18 14 11 16
Inventory Turnover 7.10 12.52 18.27 17.40 16.35 11.14 2.99 13.24 8.30 7.68 8.19 8.51