Vedanta Share Price
VEDL
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Company overview
About
Market cap
| Open₹383.20 | Close₹381.00 |
Circuit range₹419.10 - ₹342.90 | Day range₹371.10 - ₹383.20 | Year range₹208.00 - ₹396.75 |
Volume1,44,34,838 | Avg. traded₹377.14 | Revenue (12m)₹1,46,149 Cr |
Vedanta Limited is a multinational mining company primarily involved in exploring, extracting and processing minerals, oil and gas. The company deals in aluminium, zinc, lead, silver, iron ore, steel, copper, power and ferrochrome mining. It operates mines in Goa, Karnataka, Rajasthan and Odisha.
London-based Vedanta Resources is its parent company. Vedanta Limited has subsidiaries such as Hindustan Zinc Limited, Bharat Aluminium, Sterlite Copper and Cairn Oil. Vedanta began its journey as Sterlite Industries in the 1980s. The company was founded by Anil Agarwal 44 years ago in 1979. In late 2003, the parent company Vedanta Resources went public with the listing on the London Stock Exchange (LSE). This initial public offering (IPO) was the second-largest in the United Kingdom that year.
Vedanta Ltd is listed both on the National Stock Exchange and BSE in India. The company’s market capitalisation stood at over ₹94,658 crore as of December 14, 2023. Vedanta Ltd shares have surged over 73% in the last three years.
Vedanta business operations
It serves a vast network of customers in nearly 50 countries. In the financial year 2022-23, Vedanta Limited's subsidiary Vedanta Aluminium produced half of India's total output with 2.29 million tonnes. Vedanta's aluminium segment consists of a refinery and a dedicated power plant situated in Odisha’s Lanjigarh, and a smelter and a captive power facility fuelled by thermal coal in Jharsuguda, also in Odisha. Bharat Aluminium Company Limited (BALCO), an arm of Vedanta Aluminium, operates an aluminium smelter in Korba, Chhattisgarh.
In April 2007, Vedanta Limited, which was primarily focused on mining and manufacturing copper, zinc and aluminium, expanded into the iron ore segment through the acquisition of Sesa Goa. The company acquired a 51% controlling stake in Sesa Goa from Japan's Mitsui & Company for $981 million (or roughly Rs 4,900 crore).
Vedanta Limited's copper segment specialises in custom smelting and consists of a comprehensive infrastructure, including a copper smelter, refinery, phosphoric and sulfuric acid plants, a copper rod plant and three captive power plants.
Its other notable subsidiary is Hindustan Zinc Limited (HZL). The company's integrated zinc operations have a market share of 75% in India's primary zinc market. Vedanta holds a 64.9% stake in HZL, which is the fifth largest silver producer globally with an annual production of 714 tonnes in FY23. In the international market, Vedanta Zinc International (VZI) operates across three key locations: Skorpion Zinc mine and refinery in Namibia, Lisheen mine in Ireland, and Black Mountain Mining (BMM) Limited in South Africa. VZI operates the largest single-stream zinc beneficiation plant in the world based on ore throughput.
Earlier this year, in a bid to unlock better value, Vedanta Limited announced a plan to separate its business into six listed companies: aluminium, oil and gas, power, steel and ferrous, base metals and an incubator for new businesses including semiconductors.
Financial Highlights
Consolidated revenue for FY 2022-23 stood at ₹1,47,308 crore, up 10.9% year-on-year compared to ₹1,32,732 crore in FY 2021-22. The company reported 63% year-on-year growth in net loss at ₹14,506 crore in FY23. Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at ₹35,341 crore in FY23, falling 22% as compared to Rs 45,678 in the previous fiscal. The company’s earnings per share (EPS) fell 44% to ₹28.50 in FY23 compared to ₹50.73 in the last fiscal year.
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Vedanta Key indicators
52 week high₹396.75 | 52 week low₹208.00 | P/E ratio12.58 |
P/B ratio4.11 | ROE37.69% | ROCE25.74% |
Dividend yield26.66% | Debt/Equity ratio0.78 | EPS73.54 |
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Analyst ratings:
Analyst ratings:
42%
Hold
33%
Sell
25%
This analysis is based on the reviews of 12 experts in the last 7 days
Fundamentals
Financial ratios
Operating profit margin45.1% | Net profit margin40.18% |
ROE37.69% | ROA18.17% |
ROCE25.74% |
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Revenue statement
All values are in ₹ Crores (Cr)No data available at the moment
Cash flow
All values are in ₹ Crores (Cr)No data available at the moment
Balance sheet
All values are in ₹ Crores (Cr)No data available at the moment
Vedanta Share Price history
Day | Open | Close | Day’s change |
---|---|---|---|
Mon, Apr 22 2024 | ₹392.15 | ₹381.00 | -2.93% |
Fri, Apr 19 2024 | ₹388.20 | ₹385.95 | -0.58% |
Thu, Apr 18 2024 | ₹385.05 | ₹388.50 | |
Tue, Apr 16 2024 | ₹370.10 | ₹378.20 | |
Mon, Apr 15 2024 | ₹374.00 | ₹370.55 | -0.93% |
Fri, Apr 12 2024 | ₹365.55 | ₹372.95 | |
Wed, Apr 10 2024 | ₹347.00 | ₹361.80 | |
Tue, Apr 9 2024 | ₹324.10 | ₹338.00 |
Events
Corporate actions
Dividend • ₹11/share
Ex date 27 Dec 2023
Dividend • ₹18.5/share
Ex date 30 May 2023
Dividend • ₹20.5/share
Ex date 06 Apr 2023
Dividend • ₹12.5/share
Ex date 03 Feb 2023
Dividend • ₹17.5/share
Ex date 29 Nov 2022
Dividend • ₹19.5/share
Ex date 26 Jul 2022
Dividend • ₹31.5/share
Ex date 06 May 2022
Dividend • ₹13/share
Ex date 09 Mar 2022
Dividend • ₹13.5/share
Ex date 17 Dec 2021
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Vedanta Futures & Options
Expiry dates | Current price | Change % |
---|---|---|
VEDL 320 CE 25 APR 24 | ₹56.35 | -₹3.65 (-6.08%) |
VEDL 330 CE 25 APR 24 | ₹48.00 | -₹3.70 (-7.16%) |
VEDL 310 CE 25 APR 24 | ₹66.50 | -₹3.50 (-5%) |
VEDL 340 CE 25 APR 24 | ₹37.60 | -₹4.35 (-10.37%) |