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Vedanta Ltd (VEDL)

₹439.82.57%

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🔔 Fundraising and Mining Alert

Vedanta raises Rs 8,500 crore through QIP, declares preferred bidder for two mining blocks in Karnataka and Bihar

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 14 analysts

BUY

38.46%

Buy

53.85%

Hold

7.69%

Sell

Based on 14 analysts offering long term price targets for Vedanta Ltd. An average target of ₹468.29

Source: S&P Global Market Intelligence

Vedanta Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹438
    ₹454.25
  • 52 Week's Low

    52 Week's High

    ₹208
    ₹506.75
1 Month Return-6.42 %
3 Month Return+ 15.43 %
1 Year Return+ 55.85 %
Previous Close₹451.40
Open₹453.00
Volume1.46Cr
Upper Circuit-
Lower Circuit-
Market Cap₹1,67,794.69Cr

Key Statistics

P/E Ratio38.51
PEG Ratio-2.25
Market Cap₹1,67,794.69 Cr
P/B Ratio1.54
EPS-12.75

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth1.19%
ICICI Prudential Equity Arbitrage Fund Direct Plan GrowthICICI Prudential Equity Arbitrage Fund Direct Plan Growth2.51%
HDFC Arbitrage Fund -Direct Plan - Growth OptionHDFC Arbitrage Fund -Direct Plan - Growth Option4.22%
HDFC Arbitrage Fund Wholesale Plan Growth Option Direct PlanHDFC Arbitrage Fund Wholesale Plan Growth Option Direct Plan4.22%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth1.32%

Company Information

Vedanta Ltd. is a global diversified natural resources company founded in 1976 and headquartered in Mumbai, India. It is one of the world's largest producers of aluminum, copper, zinc, lead, and iron ore. The company operates in four core business lines: Metals & Mining, Energy, Copper, and Iron Ore. It produces a wide range of products, including aluminum, copper, zinc, lead, iron ore, and crude oil. Its popular brands include Hindustan Zinc, Bharat Aluminium Company, and Sterlite Copper. Vedanta is one of the world's largest producers of zinc, lead, and iron ore, and has significant operations in India, South Africa, Namibia, and Ireland. It is the largest private sector producer of aluminum in India and has operations in Australia, Zambia, and South Africa.

Share Price: ₹439.80 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,67,794.69Cr as of today
Revenue: ₹34,937.00Cr as on March 2024 (Q1 24)
Net Profit: ₹2,273.00Cr as on March 2024 (Q1 24)
Listing date: 09 Nov, 1994
Chairperson Name: Anil Agarwal
OrganisationVedanta Ltd
Headquarters
IndustryMining & Mineral products
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    11:29 AM

    -

    Vedanta declared preferred bidder for Gollarahatti-Mallenahalli Nickel Chromium and PGE Block, and Genjana Nickel, Chromium, and PGE Block.

    02:31 PM

    -

    Vedanta raises Rs 8,500 crore through QIP; Nippon Mutual Fund, Morgan Stanley, SBI MF top subscribers.

Key events for Vedanta Ltd

  • Vedanta Wins Mining Blocks & Raises Funds Through QIP - 21 Jul, 2024

    Vedanta Limited has been declared the preferred bidder for two significant mining blocks in Karnataka and Bihar. The company also raised over $1 billion through a Qualified Institutions Placement (QIP) of equity shares at an issue price of Rs 440 per share. Some of the marquee investors that have been allotted equity shares include Abu Dhabi Investment Authority, Goldman Sachs AMC, Nippon Mutual Fund, SBI Mutual Fund, UTI Mutual Fund, ICICI Mutual Fund, Aditya Birla Mutual Fund, and Mirae Mutual Fund.

  • Vedanta Regains Control of KCM, Raises Funds Through QIP - 19 Jul, 2024

    Vedanta settles dues worth $245.75 million to regain control of Zambia's Konkola Copper Mines and raises Rs 8,500 crore through QIP with significant interest from investors. The company plans to expand production at KCM and deleverage its balance sheet.

  • Vedanta Receives Strong Interest in QIP and Dividend Bounty from Subsidiary - 18 Jul, 2024

    Vedanta's qualified institutions placement (QIP) received strong interest from various investors, while its subsidiary Hindustan Zinc transferred general reserves worth Rs 10,380 crore. Lombard Odier Investment Managers expanded exposure to Vedanta bonds. Vedanta also aims to increase nickel production capacity to support India's EV drive.

  • Vedanta Upsizes QIP to $1.02 Billion - 16 Jul, 2024

    Vedanta aims to reduce standalone debt by $3 billion over the next three years and has launched a QIP to raise up to Rs 6,688 crore. Technical analyst Manas Jaiswal advises holding positions in Vedanta with a stop loss at ₹360.

  • Vedanta Sets Floor Price for QIP Issue - 15 Jul, 2024

    Mining conglomerate Vedanta Ltd has set the floor price for its Qualified Institutional Placement (QIP) issue at Rs 461.26 per equity share and aims to raise up to Rs 7,000 crore. The fundraising is aimed at reducing debt and meeting certain capital expenditure requirements.

  • Vedanta to Raise Funds Through QIP Route - 13 Jul, 2024

    Vedanta Ltd is set to raise funds through a qualified institutional placement (QIP) route, aiming to reduce debt and fulfil capital expenditure obligations. The company could raise up to ₹6,000 crore, which may be used to retire high-cost debt and increase dividends.

  • Vedanta Confirms Demerger Plans and Approves Debenture Issuance - 12 Jul, 2024

    Vedanta confirms its plan to demerge businesses into six independent verticals by December 2024. The company's directors have approved the issuance of Rs 1,000 crore debentures on a private placement basis. Axis Capital downgraded Vedant Fashions due to weaker-than-expected Q1 results. Hindustan Zinc, a Vedanta subsidiary, has entered Power Delivery Agreements for 450 MW renewable power from Serentica Renewables.

  • Vedanta Plans Fund Raise via Share Sale & Debentures; Hindustan Zinc Invests in Solar Power Capacity - 11 Jul, 2024

    Vedanta plans to raise funds through share sale and debentures while Hindustan Zinc invests in solar power capacity. An analyst sees an upside potential in Vedanta Group stock before Budget 2024.

  • Vedanta Confirms Demerger Plan and Growth Strategy - 10 Jul, 2024

    Vedanta Ltd is set to split its business into six separate listed entities in the current financial year. The company's chairman, Anil Agarwal, has confirmed that the demerger will go ahead, unlocking significant value for shareholders. Additionally, he outlined a growth strategy focused on expanding alumina refinery capacity, operationalising mines, commencing oilfield production, and doubling merchant power capacity.

  • Vedanta arranges finances to pay off creditors of Zambian copper mine - 06 Jul, 2024

    Vedanta Resources has arranged the necessary finances to start paying off the creditors of its Zambian copper mine, Konkola Copper Mines (KCM), as they take steps to take back control of its assets. Vedanta still needs to raise an additional $1bn to revive mining operations and invest in the Konkola Deep Mining Project. The company is committed to exploring all funding options, including through debt or selling a stake in the copper assets.

  • Vedanta Arranges Financing to Pay Creditors; Stock Rises - 05 Jul, 2024

    Vedanta Resources arranges financing to pay creditors of its Konkola Copper Mines in Zambia. ICICI Direct Research recommends Vedanta stock in the portfolio at Rs 466-473 with a target price at Rs 510 and Stop Loss at Rs 430. The stock rises for three consecutive sessions.

  • Vedanta Reports Rise in Production for Q1 FY24 - 04 Jul, 2024

    Vedanta Ltd reported a rise in production of various metals including aluminium, zinc, iron ore, and steel during the first quarter of FY24. Additionally, Vedanta's saleable steel output jumped 10% to 356 KT while cast metal aluminum production was up 3% YoY to 596 KT.

  • Vedanta Reports Rise in Production; Promoters Sell Equity - 03 Jul, 2024

    Vedanta reports increased production of key metals in Q1 FY25 but saw a decline in consolidated net profit for Q4 FY24. The company's promoters have sold nearly 10% of equity starting December 2022.

  • Vedanta's Q1 Business Update Shows Mixed Performance - 02 Jul, 2024

    Hindustan Zinc, a Vedanta Group firm, released its Q1 business update, reporting a 2% YoY increase in mined metal production and a 1% rise in saleable metal production. However, there was a 12% QoQ decrease in mined metal production and a 4% dip in saleable metal production.

  • Vedanta Shares Rise as Parent Regains Control of Copper Project - 01 Jul, 2024

    Vedanta Ltd's shares rose after its London-headquartered parent regained control of the Konkola copper project in Zambia by settling debt with creditors. Chartists from JM Financial predict that Vedanta shares have the potential to double in the next two years.

  • Vedanta Identified as Top Pick by Religare Broking - 30 Jun, 2024

    According to Religare Broking, Vedanta is one of the top picks for the Nifty 50 July series due to its high rollover rate and good cash-based accumulation. The stock is anticipated to rise in value with a recommended stop at ₹415.

  • Vedanta Maintains Capital Allocation Policy - 28 Jun, 2024

    Vedanta Ltd announces that it will not undertake any corporate restructuring and maintains its capital allocation policy. The company also raises Rs 2,500 crore through issuing non-convertible debentures.

  • Vedanta Reports Soft Profit Numbers and Sells Stake - 27 Jun, 2024

    Vedanta Ltd reports soft profit numbers but accrual ratio from cashflow was negative indicating free cash flow exceeded statutory profit. Vedanta Resources sold a 2.63% stake in Vedanta for ₹4,184 crore. Government may consider OFS of Hindustan Zinc stake worth over Rs 81,000 crore.

  • Vedanta Sells Stake in Vedanta Ltd to Cut Debt - 26 Jun, 2024

    Vedanta Resources has sold a 2.6% stake in Vedanta Ltd for Rs 7,967.8 crore to reduce its debt by over USD 650 million since the start of FY 2025. Additionally, Vedanta Resources is expected to sell a minority stake in Vedanta Ltd this week through block deals to raise Rs 4,000 crore.

  • Vedanta Ltd Trading Below Estimated Fair Value - 25 Jun, 2024

    Despite lower profit margins and high debt levels, Vedanta's earnings are forecast to grow robustly at 42.8% annually over the next three years, outpacing the Indian market's growth rate. Recent strategic moves include plans to divest its steel business to reduce debt.

Insights on Vedanta Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 8.77% to 10.23% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.55% to 5.34% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, VEDL stock has moved up by 66.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, MOIL Ltd has given 163.8% return, outperforming this stock by 107.9%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, MOIL Ltd has given 171.3% return, outperforming this stock by 99.6%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 15.87% to 15.43% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 2.01K Cr → 1.36K Cr (in ₹), with an average decrease of 32.0% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 40.80K Cr → 36.09K Cr (in ₹), with an average decrease of 5.8% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 61.95% to 59.32% in Jun 2024 quarter

Vedanta Ltd Infographics

Vedanta shares drop to their lowest in nearly 3 years!

Vedanta share price fell and was the top loser on Indian exchanges on September 27, 2023. International credit rating agency Moody's cut down its ratings on the company's bonds over rising risks of the company defaulting on its credit.

  • Vedanta share price fell and was the top loser on Indian exchanges on September 27, 2023. International credit rating agency Moody's cut down its ratings on the company's bonds over rising risks of the company defaulting on its credit.
  • Vedanta is a mining stock and is among the largest miners of aluminium, zinc and iron ore in the world!
  • Vedanta's profit for the latest quarter ended June 2023 dropped 40% YoY to Rs 3308 crore! A sudden drop in commodity prices and lower sales numbers affected the company's earnings
  • According to a Moody's report, Vedanta stands the risk of not being able to repay its loans due to its weak cash flow and falling revenue and profits.
  • According to Kotak Institutional Equities, Vedanta has to repay about $2.7 billion by March 2024 and $3.6 billion by the end of FY25.

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹34,937.00Cr
↓0.09%
Net Income
₹2,273.00Cr
↓20.75%
Net Profit Margin
6.51%
↓20.61%
2024Y/Y Change
Revenue
₹1,43,727.00Cr
↓2.43%
Net Income
₹7,537.00Cr
↓48.04%
Net Profit Margin
5.24%
↓46.80%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹1,51,030.00Cr
↓7.08%
Total Liabilities
₹85,494.00Cr
↓7.76%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹13,535.00Cr
↑8.36%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
59.32%
-4.25
Foreign Institutions
10.23%
16.59
Mutual Funds
5.34%
50.42
Retail Investors
15.43%
-2.82
Others
9.69%
-1.64

Key Indicators

Vedanta Ltd Valuation

Vedanta Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-11.59x)

March 30, 2021

Industry (25.37x)

July 19, 2024

Today (38.51x)

July 19, 2024

Highest (43.06x)

May 21, 2024

LowHigh

Earnings and Dividends

  • Vedanta Ltd Earnings Results

    Vedanta Ltd’s net profit fell -27.22% since last year same period to ₹1,369Cr in the Q4 2023-2024. On a quarterly growth basis, Vedanta Ltd has generated -31.99% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Vedanta Ltd Dividends May,2024

    In the quarter ending March 2024, Vedanta Ltd has declared dividend of ₹11 - translating a dividend yield of 9.21%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Vedanta Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Vedanta Ltd (VEDL) share price today is ₹439.8

Vedanta Ltd is listed on NSE

Vedanta Ltd is listed on BSE

  • Today’s highest price of Vedanta Ltd is ₹454.25.
  • Today’s lowest price of Vedanta Ltd is ₹438.

PE Ratio of Vedanta Ltd is 38.51

PE ratio = Vedanta Ltd Market price per share / Vedanta Ltd Earnings per share

Today’s traded volume of Vedanta Ltd(VEDL) is 1.46Cr.

Today’s market capitalisation of Vedanta Ltd(VEDL) is ₹167794.69Cr.

Vedanta Ltd(VEDLPrice
52 Week High
₹506.75
52 Week Low
₹208

Vedanta Ltd(VEDL) share price is ₹439.8. It is down -13.21% from its 52 Week High price of ₹506.75

Vedanta Ltd(VEDL) share price is ₹439.8. It is up 111.44% from its 52 Week Low price of ₹208

Vedanta Ltd(VEDLReturns
1 Day Returns
-11.6%
1 Month Returns
-6.42%
3 Month Returns
15.43%
1 Year Returns
55.85%