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42% Buy

Vedanta Share Price

VEDL

₹461.20+₹0.40 (0.09%) TodayLast updated on 27 May, 2024 | 10:19 AM IST
₹456.85₹468.50
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,75,392 Crs

Open

₹461.90

Close

₹460.80

Circuit range

₹506.85 - ₹414.75

Day range

₹456.85 - ₹468.50

Year range

₹208.00 - ₹506.75

Volume

45,89,166

Avg. traded

₹462.96

Revenue (12m)

₹1,43,728 Crs

Vedanta

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.

Vedanta Key indicators

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52 week high

₹506.75

52 week low

₹208.00

P/E ratio

15.8

P/B ratio

5.01

ROE

37.69%

ROCE

25.74%

Dividend yield

2.66%

Debt/Equity ratio

0.78

EPS

73.54

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

42%

Hold

33%

Sell

25%

This analysis is based on the reviews of 12 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

45.1%

Net profit margin

40.18%

ROE

37.69%

ROA

18.17%

ROCE

25.74%

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Vedanta Shareholder returns

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1 day

-2.52%

1 week

+4.10%

1 month

+20.17%

3 months

+71.72%

1 year

+58.16%

3 years

+67.59%

5 years

+181.15%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Vedanta Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹463.90
₹460.80
-2.52%
Thu, May 23 2024
₹480.00
₹472.70
-2.94%
Wed, May 22 2024
₹498.00
₹487.00
-0.96%
Tue, May 21 2024
₹471.00
₹491.70
+7.22%
Sat, May 18 2024
₹446.00
₹458.60
+3.60%
Fri, May 17 2024
₹436.00
₹442.65
+2.22%
Thu, May 16 2024
₹445.00
₹433.05
-0.99%
Wed, May 15 2024
₹438.00
₹437.40
+1.12%

Shareholding info

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Promoters (61.95%)

Mutual Funds (3.55%)

Retail and other (16.06%)

Foreign institutions-FII (8.77%)

Other domestic institutions (9.68%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹11/share

    Ex date 27 Dec 2023

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  • Dividend • ₹18.5/share

    Ex date 30 May 2023

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  • Dividend • ₹20.5/share

    Ex date 06 Apr 2023

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  • Dividend • ₹12.5/share

    Ex date 03 Feb 2023

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  • Dividend • ₹17.5/share

    Ex date 29 Nov 2022

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  • Dividend • ₹19.5/share

    Ex date 26 Jul 2022

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  • Dividend • ₹31.5/share

    Ex date 06 May 2022

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  • Dividend • ₹13/share

    Ex date 09 Mar 2022

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  • Dividend • ₹13.5/share

    Ex date 17 Dec 2021

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Frequently asked questions