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Vedanta Ltd share Price Today

Company details

451.15
462.30
208.00
506.75
6M Return 93.79%
1Y Return 51.24%
Mkt Cap.(Cr) 168,854.08
Volume 11,526,945
Div Yield 6.50%
OI
-
OI Chg %
-
Volume 11,526,945

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Aluminium & Aluminium Products company Vedanta announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Consolidated Revenue of Rs 34,937 crore, flat QoQ.
  • Consolidated EBITDA of Rs 8,969 crore, up 3% QoQ with EBITDA margin of 30%.
  • PAT (excluding exceptional items) at Rs 2,453 crore.
  • Strong double-digit return on capital employed ~23%, improved QoQ.
  • Net debt/ EBITDA improved to ~1.5x vs 1.7x in Dec’23.
  • Net debt at Rs 56,338 crore, reduced 10% QoQ.
  • Liquidity improved by 21% QoQ with Strong Cash and Cash Equivalent of Rs 15,421 crore.
  • Generated robust Free cash flow (pre capex) of Rs 9,948 crore, up 131% QoQ.

FY24 Financial Highlights:

  • Second ever highest annual consolidated Revenue of Rs 1,41,793 crore.
  • Second ever highest annual EBITDA of Rs 36,455 crore, up 3%.
  • EBITDA margin improved to 30%, up ~240 bps.
  • Strong double-digit return on capital employed 23%, up ~240 bps YoY.
  • Successful liability management exercise at Hold Co., resulting in a structural improvement in capital structure.
  • Highest Dividend yield ~17% p.a. (5 Year avg), 10x vs Nifty 50 Cos, Dividend of Rs 18,572 crore paid in FY24.

Arun Executive Director of Vedanta said, “FY 2023-24 has been a remarkable year for Vedanta. We have achieved record production across our key businesses, a testament to our consistent focus on operational excellence. This focus, coupled with our commitment to cost leadership, ensured strong margins even during a challenging commodity market. We're especially proud of the Lanjigarh refinery expansion to 3.5 MTPA, taking us closer to a fully integrated 3 MTPA aluminum operation. The commencement of operations at the new Bicholim mine in Goa marks a significant step in our growth journey. HZL is now the world's 3rd largest silver producer. Our commitment to sustainability has been recognized globally – we topped the ESG rankings in India and ranked 3rd worldwide. This focus is further strengthened by securing 1,826 MW of renewable power through PDAs, with the first power delivery scheduled for Q1FY25. As we move forward, operational excellence, continued growth, and ESG leadership remains our strategic priorities. With this commitment, we are confident in delivering significant value for our shareholders in the coming year.”

Ajay Goel, Chief Financial Officer, Vedanta, said “Driven by operational excellence, Vedanta achieved outstanding financial results, marking the second highest annual revenue and EBITDA in our history, reaching Rs 1,41,793 crore and Rs 36,455 crore respectively. Through continued cost optimization, we achieved a remarkable EBITDA margin of 30% in FY24 with ~240 basis points annual margin expansion, underscoring our efficiency and agility. Moreover, our net debt/EBITDA ratio improved to 1.5x from 1.7x in December 2023. At Holdco, we deleveraged by USD 1.6 billion in FY24 & through successful liabilities management, Vedanta has a balanced capital structure, and will remain committed towards value creation.”

Result PDF

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Vedanta Ltd shares SWOT Analysis

Strengths (2)

  • Strong Momentum: Price above short, medium and long term moving averages
  • FII / FPI or Institutions increasing their shareholding

Weakness (15)

  • Companies with High Debt
  • Negative profit growth, promoters decreasing shareholding QoQ
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases

Resistance and support

R1 460.7
R2 467.1
R3 471.8
Pivot

455.90

S1 449.5
S2 444.8
S3 438.4
EMA SMA
437.4
388.2
343.0
308.7
437.1
371.8
320.8
278.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
FINSIDER INTERNATIONAL COMPANY LIMITED Bulk Sell 2024-02-15 265.14 65518600 BSE
SOCIETE GENERALE Block Purchase 2024-01-25 262.55 606297 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 262.55 606297 BSE
Name Category Shares
TWIN STAR HOLDINGS LTD PROMOTER 42.1%
VEDANTA HOLDINGS MAURITIUS II LIMITED PROMOTER 13.26%
VEDANTA HOLDINGS MAURITIUS LIMITED PROMOTER 2.89%
FINSIDER INTERNATIONAL COMPANY LIMITED PROMOTER 2.63%
WELTER TRADING LIMITED PROMOTER 1.03%

OUR RESEARCH VIEW

Investment recommendation
Call Date
18 May 2021
Entry Price 279.00
Target Price 300.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Vedanta Ltd Stocks COMPARISON

Financials( in Cr) Vedanta Ltd Coal India Ltd NMDC Ltd Lloyds Metals & Energy Ltd KIOCL Ltd
Price 454.25 486.45 258.15 691.55 450.45
% Change -0.15 -0.25 -0.27 0.09 1.76
Mcap Cr 168,854.08 299,785.90 75,653.59 34,940.84 27,376.14
Revenue TTM Cr 147,308.00 138,251.91 17,666.88 3,392.31 1,543.42
Net Profit TTM Cr 14,506.00 28,124.94 5,537.72 -288.54 -97.67
PE TTM 52.73 8.01 13.10 28.09 0.00
1 Year Return 51.24 97.66 141.49 22.77 137.64
ROCE 19.89 29.53 28.47 0.00 -4.37
ROE 22.74 56.03 22.69 0.00 -4.71
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 39,423.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17
Vedanta Limited - Copy of Newspaper Publication

May 29, 2024 l NSE Announcement

Vedanta Limited - Other General Purpose

May 28, 2024 l NSE Announcement

Vedanta Limited - Copy of Newspaper Publication

May 24, 2024 l NSE Announcement

Date Action Type Ratio
May 24, 2024 Dividend 1100
Dec 27, 2023 Dividend 1100
May 30, 2023 Dividend 1850

Vedanta Ltd Information

Stock PE (TTM)
52.73
Promoter Holding
61.95%
Book Value
82.6473
ROCE
19.89%
ROE
22.74%
Description
  • Vedanta Ltd is a mining company that began its operations in the year 1980s. It is a global natural resources and technology conglomerate operating across India, South Africa, Liberia, and Namibia. Its operations mainly in products like oil & gas, zinc-lead-silver, aluminum, iron ore, steel, copper, ferroalloys, power, nickel, semiconductor, and glass. Its mining operations take place in states like Goa, Karnataka, Rajasthan, and Odisha. 

    With its mission to create a leading global natural resources company, Vedanta Ltd is creating a comprehensive framework to become an ESG leader in the natural resources sector. For this, the company Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner. The organization has also pledged an amount of $5 billion for the next 10 years to accelerate the transition to net-zero operations.

    In FY 2022-2023, Vedanta Ltd reported an annual income of Rs. 89,342 crores and PAT of Rs. 27,356 crores. The companys PAT grew by 58.6% as compared to FY 2021-2022. The companys net profit margin grew from 28% in FY 21-22 to 34% in FY 22-23. Vedanta has recently acquired Nicomet and became the sole producer of nickel also known as the mineral of the future in India. 

    The history of Vedanta share price is as follows:

    Particulars Details
    5-Year % Change +56.93%
    5-Year Highest Vedanta Share Price Rs. 430.3
    5-Year Lowest Vedanta Share Price Rs. 62.8
    1-Year % Change -3.79%
    1-Year Highest Vedanta Share Price Rs. 300.35
    1-Year Lowest Vedanta Share Price Rs. 208.35


    The latest details of Vedanta share price are:

Registered Address

1-Fl C-Wing Unit-103 Atul Proj, Corporate Ave Chakala Andher-E, Mumbai, Maharashtra, 400093

Tel : 91-22-66434500
Email : comp.sect:vedanta.co.in
Website : http://www.vedantalimited.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500295
NSE Code : VEDL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE205A01025

FAQ’s on Vedanta Ltd Shares

You can buy Vedanta Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Vedanta Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 29, 2024 03:59 PM the closing price of Vedanta Ltd was Rs.454.25.

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 May 29, 2024 03:59 PM, the market cap of Vedanta Ltd stood at Rs. 168,854.08.

The latest PE ratio of Vedanta Ltd as of May 29, 2024 03:59 PM is 52.73

The latest PB ratio of Vedanta Ltd as of May 29, 2024 03:59 PM is 0.18

The 52-week high of Vedanta Ltd share price is Rs. 506.75 while the 52-week low is Rs. 208.00

According to analyst recommendations, Vedanta Ltd Share has a "Buy" rating for the long term.

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