Vedanta Ltd - Stock Valuation and Financial Performance

BSE: 500295 | NSE: VEDL | Metal - Non Ferrous | Large Cap

Vedanta Share Price

468.35 8.05 1.75%
as on 03-Dec'24 16:59

DeciZen - make an informed investing decision on Vedanta

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Vedanta stock performance -

mw4me loader
P/E Ratio (CD):
15.87
Market Cap:
1,79,995.2 Cr.
52-wk low:
239
52-wk high:
523.6

Is Vedanta Ltd an attractive stock to invest in?

1. Is Vedanta Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vedanta Ltd is a good quality company.

2. Is Vedanta Ltd undervalued or overvalued?

The key valuation ratios of Vedanta Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Vedanta Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Vedanta Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vedanta:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vedanta Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -3%-18.7%16%19.5%15.4%-2.6%17.9%29.4%21.3%25.2%-
Value Creation
Index
-1.3-2.70.40.70.4-1.20.61.60.91.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 73,71064,26272,22591,86692,04884,44788,0211,32,7321,47,3081,43,7271,42,315
Sales YoY Gr.--12.8%12.4%27.2%0.2%-8.3%4.2%50.8%11%-2.4%-
Adj EPS -51.9-41.31932.120.5-16.631.457.131.18.729
YoY Gr.-NANA69.5%-36.1%-180.8%NA82.1%-45.6%-72%-
BVPS (₹) 181.1148.5162.2169.7166.8146.2167175.4105.58295.9
Adj Net
Profit
-15,381-12,2367,05011,9477,638-6,16911,66721,24711,5713,24211,340
Cash Flow from Ops. 17,80520,37718,08317,36623,75419,30023,98034,96333,06535,654-
Debt/CF from Ops. 4.43.343.42.83.52.71.82.42.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.7%9.3%17.8%-2.4%
Adj EPS NA-15.8%-34.8%-72%
BVPS-8.4%-13.2%-21.1%-22.3%
Share Price 7.3% 27.4% 11.6% 95.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-24.2-2513.519.312.2-10.62033.322.19.232.6
Op. Profit
Mgn %
3023.529.727.42625.431.133.923.824.826.1
Net Profit
Mgn %
-15.1-27.715.816.711.2-517.219.710.54.68
Debt to
Equity
1.51.51.20.91.11.31.1122.81.3
Working Cap
Days
17516112011713714614912512612870
Cash Conv.
Cycle
28-13-65-46-26-5118139-32

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 32.60%

Sales growth is growing at healthy rate in last 3 years 17.76%

Net Profit has been subdued in last 3 years -34.75%

Debt to equity has increased versus last 3 years average to 2.84

Sales growth is not so good in last 4 quarters at -0.06%

Latest Financials - Vedanta Ltd.

Standalone Consolidated
TTM EPS (₹) 45.9 29
TTM Sales (₹ Cr.) 69,377 1,42,315
BVPS (₹.) 192.7 95.9
Reserves (₹ Cr.) 74,950 37,097
P/BV 2.39 4.80
PE 10.04 15.87
From the Market
52 Week Low / High (₹) 239.00 / 523.60
All Time Low / High (₹) 0.96 / 523.60
Market Cap (₹ Cr.) 1,79,995
Equity (₹ Cr.) 391
Face Value (₹) 1
Industry PE 17.9

Management X-Ray of Vedanta:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *99.9999.9999.9999.9999.9999.9999.9999.9999.9999.99
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vedanta

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales73,71064,26272,22591,86692,04884,44788,0211,32,7321,47,3081,43,727
Operating Expenses 51,59549,19850,89467,00468,97863,76060,70387,9081,12,8861,08,529
Manufacturing Costs16,39018,29020,80923,11530,24829,45226,01237,38551,15744,570
Material Costs24,67522,19321,88132,25226,15022,50323,68235,48144,15044,407
Employee Cost 2,8452,4582,3392,4963,0232,6722,8612,8113,0983,300
Other Costs 7,6856,2575,8659,1419,5579,1338,14812,23114,48116,252
Operating Profit 22,11415,06421,33124,86223,07020,68727,31844,82434,42235,198
Operating Profit Margin (%) 30.0%23.4%29.5%27.1%25.1%24.5%31.0%33.8%23.4%24.5%
Other Income 2,9774,5314,5823,2054,0512,5103,4212,6002,8512,550
Interest 5,6595,7785,8555,1125,6894,9775,2104,7976,2259,465
Depreciation 7,1598,5726,2926,2838,1929,0937,6388,89510,55510,723
Exceptional Items -22,199-33,785-1142,897320-17,386-678-768-2172,803
Profit Before Tax -9,925-28,54013,65219,56913,560-8,25917,21332,96420,27620,363
Tax 1,448-10,6782,3335,8773,862-3,5162,1809,2555,77012,826
Profit After Tax -11,373-17,86311,31913,6929,698-4,74315,03323,70914,5067,537
PAT Margin (%) -15.4%-27.8%15.7%14.9%10.5%-5.6%17.1%17.9%9.8%5.2%
Adjusted EPS (₹)-52.8-41.418.727.819.0-17.931.250.528.411.4
Dividend Payout Ratio (%)-8%-8%104%76%99%-22%30%89%357%259%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 53,87544,03960,34563,13562,04854,38662,10765,24739,25530,509
Share Capital 297297372372372372372372372372
Reserves 53,57943,74359,97362,76361,67654,01461,73564,87538,88330,137
Minority Interest35530365611392815961152271711215138173211000411347
Debt71,96661,66862,50048,74057,70358,74549,94254,79069,63569,832
Long Term Debt52,02549,37830,25526,78934,72136,72437,96236,20543,47650,633
Short Term Debt19,94112,29032,24521,95122,98222,02111,98018,58526,15919,199
Trade Payables5,27816,16218,45917,84317,3528,0277,62410,38011,04310,095
Others Liabilities 23,63228,28236,30633,97246,23838,46345,04045,55958,36666,335
Total Liabilities 1,90,2811,86,7131,91,5381,79,6511,98,5681,76,7331,79,8511,93,2971,88,3031,88,118

Fixed Assets

Gross Block1,05,9311,40,0681,54,2491,65,0522,14,8802,30,7692,38,6272,52,5212,72,3322,85,372
Accumulated Depreciation35,75972,83877,49384,7731,18,4831,41,8651,48,1571,59,0551,76,5881,86,953
Net Fixed Assets70,17267,23176,75680,27996,39788,90490,47093,46695,74498,419
CWIP 38,74838,46127,55732,05524,95918,58516,31415,87919,52922,889
Investments 39,60653,38646,96228,70033,06524,75316,66017,29113,15011,869
Inventories8,7258,0129,62811,96713,19811,3359,92314,31315,01213,001
Trade Receivables3,6052,4942,2403,9693,9822,6973,4914,9464,0143,607
Cash Equivalents 5,6963,70914,1235,2168,36912,50216,62915,3559,2544,327
Others Assets23,72913,42014,27217,46518,59817,95726,36432,04731,60034,006
Total Assets 1,90,2811,86,7131,91,5381,79,6511,98,5681,76,7331,79,8511,93,2971,88,3031,88,118

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 17,80520,37718,08317,36623,75419,30023,98034,96333,06535,654
PBT -9,921-28,54013,65219,56913,560-8,25917,21332,96420,27620,363
Adjustment 33,64043,6667,8385,77010,67929,63110,44612,50114,54716,424
Changes in Working Capital -253477021794-47752128-937-1571-476645991552
Tax Paid -3,380-2,451-5,201-3,198-2,613-1,135-2,108-5,736-6,357-2,685
Cash Flow From Investing Activity -4,160-7,8632,71115,396-10,530-5,894-6,750-2,253-693-13,686
Capex -10,574-5,412-5,435-7,296-8,817-7,669-6,718-10,305-13,654-16,557
Net Investments -203-3,3557,07122,2072,5039974,6934,7078,9901,006
Others 6,6179051,075485-4,216778-4,7253,3453,9711,865
Cash Flow From Financing Activity -13,956-11,303-12,425-39,255-10,242-15,547-17,565-28,903-34,142-26,092
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1,0252,0651,656-8,2717,0752,8307,130-7,8428,16012,963
Interest Paid -6,290-5,797-6,150-5,006-6,009-5,322-5,348-5,274-5,530-9,825
Dividend Paid -3,106-3,221822-14,881-11,792-1,444-9,122-16,681-29,959-18,572
Others -5,585-4,351-8,753-11,097484-11,611-10,225894-6,813-10,658
Net Cash Flow -3111,2118,369-6,4932,982-2,141-3353,807-1,770-4,124
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-17.98-36.5521.6922.1815.49-8.1525.8137.2327.7621.61
ROCE (%)-3-18.711619.4715.4-2.6117.9129.3621.2925.2
Asset Turnover Ratio0.380.360.40.50.490.450.490.710.770.76
PAT to CFO Conversion(x)N/AN/A1.61.272.45N/A1.61.472.284.73
Working Capital Days
Receivable Days19161112161413121110
Inventory Days42454242505344333636
Payable Days70176289205246206121938987

Vedanta Ltd Stock News

Vedanta Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vedanta on 03-Dec-2024 16:59 is ₹468.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of Vedanta stood at ₹1,79,995.2.
The latest P/E ratio of Vedanta as of 03-Dec-2024 16:59 is 10.04.
The latest P/B ratio of Vedanta as of 03-Dec-2024 16:59 is 2.39.
The 52-week high of Vedanta is ₹523.6 and the 52-week low is ₹239.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedanta is ₹69,377 ( Cr.) .

About Vedanta Ltd

Vedanta is a globally diversified natural resources company with interests in zinc-lead-silver, Iron ore, Steel, Copper, Aluminium, Power, Oil and Gas. The company strive for a positive impact on the communities it operate in and leave a legacy of pride. Operating responsibly and ethically is an integral part of Vedanta’s core values. The company deliver on its commitments to all internal and external stakeholders by demonstrating these values through its actions, processes, systems and interactions. Vedanta constantly learn and develop; and endeavour to improve its operations. Vedanta are fully committed to working with integrity and have upheld ‘uncompromising business ethics’. While The Company’s business has expanded into many locations around the world, its operations have positively impacted the communities it operate in.

Business area of the company

The company supplies natural resources that help the world grow. The company’s major products are zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas. The company’s strategic capabilities and alliances are singularly focused on creating and preserving value for its wide stakeholder groups and its clientele. It has a portfolio of world-class, low-cost, scalable assets that consistently generate strong profitability and have robust cash flows. The company holds industry-leading market shares across its core divisions.

The company’s verticals

  • Aluminium
  • Power
  • Iron Ore & Steel
  • Copper
  • Zinc
  • Silver
  • Oil & Gas

Awards

  • Sesa Goa was honored as “Sustainable Asian Mining Project of the year” by Asian Mining Congress-2008
  • The company was awarded in the best Value Creator (Large cap) category at The Outlook Money NDTV Profit Awards 2008.
  • The company was selected as top Indian company in the mining sector category at Dun & Bradstreet American Express Corporate Awards 2007.
  • Sesa Goa has won Overall first prize award for Corporate Social Responsibility (CSR) during the 7th National conference on Occupational Safety, Health and Environment, organised by Inspectorate of Factories and Boilers , Govt. of Goa - Feb,10.
  • Sesa Industires has won first prize award for Corporate Social Responsibility (CSR) in environment category during the 7th National conference on Occupational Safety, Health and Environment, organised by Inspectorate of Factories and Boilers , Govt. of Goa - Feb,10.
  • Sesa Goa received the Runners up Award for Best Corporate Social Responsibility Practice at the 6th Social and Corporate Governance Awards 2010 by Bombay Stock Exchange, Mumbai.
  • Sesa Goa Limited, Codli Mine - Workshop & Stores has received the 5S certification from the Certificate Body of Quality Circle Forum of India in January 2011.
  • Sesa Goa mines in Goa have been selected for the prestigious British Safety Council’s International Safety Award for the year 2011. Five units of the company; Sonshi, Codli and Bicholim mines in Goa, the Pig Iron Plant and Met Coke Division in Amona, Goa bagged the top international award for the company.
  • Dun & Bradstreet Corporate Awards 2019.
  • IEI Centenary Industry Excellence Award 2019.
  • Silver in the Internal Communications, IPRCCA 2019 Awards.
  • ET Now Business Leader of the Year 2020, Ajay Kapur.
  • Bronze at the India Public Relations and Corporate Communications Awards 2019.
  • Excellence in trade finance- 2nd Financial leadership award.
  • People Business Great Managers Award by Economic Times and People Business.
  • Customs Department Best Importor Award.
  • ET Now CEO of the Year Award.
  • QCFI – NCQC.
  • IMEA Future Factory Ready Award.
  • Vedanta Sesa Goa Iron Ore Karnataka Unit won 46 awards at the Mines Safety Association Karnataka Zone - 3.
  • Legal Summit and Awards 2019 .
  • India Procurement Leadership Forum & Awards 2020.

Milestones

  • 1954: Baron Ludovic Toeplitz lands in Goa. With the financial backing of an enterprising Italian, Alessandro, he acquires the Orosso Dongor Mining Concession in North Goa and starts a company called Scambi Economici S.A. Goa.
  • 1955: The company renamed Sesa Goa is bought over jointly by Gewerkeshaft Exploration a Bergbau represented by Eugene Plotzki and by Ferromin S.p.A. of Italy (a subsidiary of Finsider S.p.A. of the IRI group) represented by Paolo Tradardi, both parties having equal shareholding.
  • 1957: Another company started in Goa, Mingoa Sociedade Mineral Goesal S.a.r.l. is incorporated with Fiat of Torino as the principal shareholder.
  • 1963: Finsider S.p.A. acquires the West German interest in Sesa Goa Limitada and also all the shares of Mingoa.
  • 1965: Sesa Goa and Mingoa are incorporated as Private Limited Companies under Indian Companies Act 1956.
  • 1979: A single company Sesa Goa Private Limited is formed with amalgamation of Sesa Goa and Mingoa fully owned by Finsider S.p.A.
  • 1981: Sesa Goa goes public with 42,000 Indian shareholders holding 60% of its shares and the remaining 40% held by Finsider International (later became ILVA INTERNATIONAL).
  • 1984: Sesa Goa starts a barge construction unit at Sirsaim which has since developed into a Ship Building division.
  • 1992: First phase of 150,000 tons per year Pig Iron plant is commissioned and manufacture of low phosphorus foundry grade pig iron starts.
  • 1994: Second blast furnace is commissioned in July.
  • 1995: Sesa Shipping is launched in January with acquisition of Transhipper M.V. Orissa. 84 coke ovens are commissioned in April.
  • 1996: On 11 October, MITSUI & CO. of Japan, through Earlyguard, UK, buys Finsider International with its 51% stake in Sesa Goa Ltd.
  • 1997: Sesa Kembla becomes 100% subsidiary of Sesa Goa.  Karnataka mining developments commence.
  • 1998: Sesa Community development Foundation is established to encompass NCM Sesa Technical School and a new Sesa Football Academy.
  • 1999: Sesa Goa commences mining operations at Barbil in Orissa producing high grade iron ore and exporting from the nearby ports of Haldia and Paradip.
  • 2000: Sesa Kembla Coke completes the development of an indigenous and environment friendly technology for producing high quality Metallurgical Coke and generating power as a by-product. Sesa Kembla applies for international patents for its technology.
  • 2002: Sesa Group becomes the first business of its kind to be certified with OHSAS 18001.
  • 2003: Sesa Goa equity in Sesa Industries raised to 88.25%
  • 2004: Sesa Group completes 50 years of operations.
  • 2007: Vedanta Resources Plc, a diversified metals and mining group, listed on the London Stock Exchange acquires 51% controlling stake in Sesa Goa Ltd. from Mitsui & Co. Ltd.
  • 2009: Sesa Goa Limited and Dempo Group have signed a definitive share purchase agreement under which Sesa has acquired all the outstanding common shares of VS Dempo & Co. Pvt. Ltd. along with its 100% equity shares of Dempo Mining Corporation Pvt. Ltd. and 50% equity shares of Goa Maritime Pvt. Ltd.
  • 2011: Sesa Goa Codli Mine - Workshop & Stores receives the 5S certification from the Certificate Body of Quality Circle Forum of India.
  • 2013: Sesa Goa All Share Merger of Sesa Goa And Sterlite Industries becomes Effective -Change in Name of Sesa Goa Limited to Sesa Sterlite Limited.
  • 2014: SSL- Kitchen Waste Producing Cooking Gas and Creating Greenery in Lanjigarh - CSR and Competitiveness Magazine.
  • 2014:Sesa Sterlite receives the Community Development Award at the Asian CSR Leadership Awards.
  • 2014:Sesa Sterlite, Jharsuguda bags two National Awards at ‘15th National Award for Excellence in Energy Management 2014’ -Sesa Sterlite Announces Development of Gamsberg-Skorpion Integrated Zinc Project.
  • 2015: Sesa Sterlite arm gets approval for starting power plant.
  • 2015: Sesa Sterlite restarts mining in Karnataka.
  • 2015: Sesa Sterlite had approved Scheme of Amalgamation of Goa Energy Limited with Sesa Sterlite Limited.
  • 2015: Sesa Sterlite Ltd has completed the merger of its subsidiary Sterlite Infra with itself.
  • 2015: Sesa Sterlite Limited renamed Vedanta Limited.
  • 2015: Vedanta unveiled its new logo as the firm tries to present a uniform brand identity.
  • 2015: Vedanta Ltd has acquired a 4.98 per cent stake in Cairn India Ltd.
  • 2015: Vedanta Ltd has approved the merger of Cairn India Ltd into Vedanta Ltd.
  • 2016: Vedanta Successful bidder of Gold Mine.
  • 2017: Vedanta-Cairn Merger Effective.
  • 2017: Vedanta lays the foundation stone for the first Nandghar in Karnataka.
  • 2017: Vedanta lays the foundation stone for the second ‘Nandghar’ in Karnataka.
  • 2018: Acquisition of Electrosteel Steels Limited.
  • 2018: Vedanta Medical Research Foundation (VMRF) Launches World-Class Oncology Facility, Balco Medical Centre, in Raipur.
  • 2019: Vedanta fully unwinds the CIHL Structured Investment with superior gains.
  • 2019: Vedanta sets up 500th Nand Ghar; Reaches out to over 17,000 children.
  • 2020: Vedanta Inaugurates 1700th Nand Ghar in Karnataka.
  • 2020: Vedanta launches Global Accelerator Program 'Vedanta Spark'
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