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Vedanta Ltd

(VEDL)

₹4751.22%

as on 04:01PM, 21 Oct 2024

🔔 Investment Alert

Vedanta to invest over Rs 1 lakh crore in Rajasthan, including Rs 30,000 crore by Hindustan Zinc to double zinc capacity.

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Vedanta Ltd Analyst Rating

based on 16 analysts

BUY

62.50%

Buy

31.25%

Hold

6.25%

Sell

Based on 16 analysts offering long term price targets for Vedanta Ltd. An average target of ₹510.12

Source: S&P Global Market Intelligence

Vedanta Ltd Share analysis

Vedanta Ltd price forecast by 16 analysts

Upside of6.09%

High

₹608

Target

₹510.12

Low

₹390

Vedanta Ltd target price ₹510.12, a slight upside of 6.09% compared to current price of ₹475. According to 16 analysts rating.

Source: S&P Global Market Intelligence

Vedanta Ltd Performance

  • Day's Low

    Day's High

    ₹474
    ₹489.5
  • 52 Week's Low

    52 Week's High

    ₹211.2
    ₹523.65
1 Month Return+ 6.12 %
3 Month Return+ 7.15 %
1 Year Return+ 123.6 %
Previous Close₹480.85
Open₹484.50
Volume55.67L
Upper Circuit-
Lower Circuit-
Market Cap₹1,88,031.01Cr

Vedanta Ltd Key Statistics

P/E Ratio34.27
PEG Ratio-3.54
Market Cap₹1,88,031.01 Cr
P/B Ratio1.54
EPS20.26
Dividend Yield10.87
SectorMining & Mineral products
ROE6.56

Vedanta Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹1,88,031.01 Cr44.48%0.74₹7,537 Cr₹1,43,727 Cr
BUY₹1,69,327.77 Cr61.13%0.57₹10,155 Cr₹2,15,962 Cr
HOLD₹1,93,981.53 Cr67.67%0.64-₹4,910 Cr₹2,29,170 Cr
BUY₹2,42,735.76 Cr70.36%0.73₹8,973 Cr₹1,75,006 Cr
SELL₹53,296.17 Cr52.49%0.73₹3,066 Cr₹1,05,378 Cr

About Vedanta Ltd

Vedanta Limited is a diversified natural resources company operating in the mining and metals sector. The company was incorporated in 1965 by Anil Agarwal and is headquartered in Mumbai, Maharashtra. Vedanta is registered under the Company Identification Number (CIN) L13209MH1965PLC291394. The company’s lines of business include the exploration and production of zinc, lead, silver, iron ore, copper, aluminum, and oil & gas, catering to both domestic and international markets.

Vedanta operates across multiple countries, including India, South Africa, Namibia, and Australia, highlighting its global reach in the mining and metals industry. The company has several sub-brands such as Hindustan Zinc, Cairn Oil & Gas, and Bharat Aluminium Company Limited (BALCO), which focus on specific resource extraction and production. A notable fact about Vedanta is that it is one of the largest producers of zinc and aluminum in India. Another significant fact is its commitment to sustainability, with various initiatives to reduce its environmental impact.

Vedanta Limited's parent company is Vedanta Resources Limited, a globally diversified natural resources company. Over the years, Vedanta has been actively involved in mergers and acquisitions to expand its portfolio, including acquiring Cairn India, a major player in the oil and gas sector. These strategic acquisitions have strengthened Vedanta's position as a leader in the natural resources sector, both in India and globally.

Share Price: ₹475.00 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹1,88,031.01Cr as of today
Revenue: ₹35,239.00Cr as on June 2024 (Q2 24)
Net Profit: ₹5,095.00Cr as on June 2024 (Q2 24)
Listing date: 09 Nov, 1994
Chairperson Name: Anil Agarwal
OrganisationVedanta Ltd
Headquarters
IndustryMining & Mineral products
E-voting on sharesClick here to vote

Key events for Vedanta Ltd

  • Vedanta Announces Major Investment Plans in Rajasthan - 21 Oct, 2024

    Vedanta Ltd has announced an investment exceeding Rs 1 lakh crore in Rajasthan, focusing on expanding zinc capacity and developing renewable energy projects.

  • Vedanta Unveils Massive Investment Plans in India - 20 Oct, 2024

    Vedanta plans to invest Rs 1 lakh crore in Rajasthan for oil, gas, zinc, and renewable energy, and another Rs 1 lakh crore in Odisha for alumina and aluminium production, creating 4 lakh jobs in total.

  • Vedanta Plans Major Investments in Rajasthan - 19 Oct, 2024

    Vedanta Limited plans to invest over Rs 1 lakh crore in Rajasthan across various sectors, including zinc and oil & gas, creating over 2 lakh jobs and supporting economic development.

  • Vedanta Announces Major Investment and Dividend Declaration - 18 Oct, 2024

    Vedanta declared a fourth interim dividend of Rs 29.5 per share and announced a ₹1 lakh crore investment in Odisha for an alumina refinery and aluminium plant, expected to create 2 lakh jobs. This reflects Vedanta's commitment to industrial growth and community development in the region.

  • Vedanta Stock Volume Surges Amid Price Decline - 17 Oct, 2024

    Vedanta Ltd experienced a significant increase in trading volume, reaching 15.32 lakh shares, although the stock price fell by 0.93% to Rs.482.25.

  • Vedanta Resources Secures $125 Million Facility Agreement - 16 Oct, 2024

    Vedanta Resources, the promoter entity of Vedanta Ltd., signed a $125 million facility agreement to support cashflow needs. The agreement does not directly impact Vedanta Ltd.'s management or control.

  • Vedanta Resources Secures $125 Million Facility Agreement - 15 Oct, 2024

    Vedanta Resources Ltd. entered a $125 million facility agreement to support its funding requirements. Vedanta Ltd. holds no shareholding in the agreement's entities. Standard Chartered Bank is the lender.

  • Emkay Initiates Buy Rating on Vedanta Stock - 14 Oct, 2024

    Emkay has initiated a Buy rating on Vedanta Ltd with a target price of ₹600, highlighting the positive impact of the ongoing demerger and expected project completions on the company's valuation and balance sheet.

  • Emkay Issues Buy Rating for Vedanta Stock - 13 Oct, 2024

    Emkay has given Vedanta a Buy rating with a target price of Rs 600, highlighting the positive effects of its demerger and expected project completions. The stock closed at Rs 497.40, reflecting a 1.04% increase.

  • Vedanta Cancels Dividend Record Date Amid Board Meeting Cancellation - 12 Oct, 2024

    Vedanta Limited has canceled the record date of October 16 for its fourth interim dividend due to unforeseen circumstances, along with the board meeting scheduled for October 9. The company's shares rose 1.04% to Rs 497.40 on October 11. Vedanta has previously announced multiple dividends this year and a bonus issue in August.

  • Vedanta Competes for Hiranmaye Energy Acquisition - 11 Oct, 2024

    Vedanta is among eight companies, including Jindal Power and CESC, vying to acquire Hiranmaye Energy, enhancing its position in the thermal power sector.

  • Vedanta Faces Stock Drop Amid Key Developments - 10 Oct, 2024

    Vedanta repaid $869 million to bondholders, but its stock fell 2% after the cancellation of a board meeting. Vedanta Aluminium also linked its quality system with LME.

  • Vedanta Faces Penalties, Cancels Dividend Meeting - 09 Oct, 2024

    Vedanta Ltd faces a Rs 92.03 crore penalty from customs but expects no impact. The company repaid $869 million to bondholders and canceled its board meeting for a fourth interim dividend due to unforeseen circumstances.

  • Vedanta Reschedules Board Meeting for Dividend Discussion - 08 Oct, 2024

    Vedanta Ltd's board meeting to discuss the fourth interim dividend has been rescheduled to October 9, 2024. The record date for the dividend is October 16, 2024. Shares remain in focus as the company has a history of significant dividend payouts.

  • Vedanta Receives Positive Coverage Amid Mixed Production Results - 07 Oct, 2024

    ICICI Securities has initiated a Buy rating on Vedanta, targeting ₹600, citing strong growth potential in aluminum and zinc divisions. Despite a decline in oil and gas production, the company aims for significant volume growth and cost reductions. The stock has shown resilience, with a notable upside projected. Additionally, Vedanta appointed a new Director of Talent Acquisition, further strengthening its management team.

  • Vedanta Acquires Kalinga Lancers to Boost Indian Hockey - 06 Oct, 2024

    Vedanta Limited has acquired full ownership of the Kalinga Lancers hockey team, aiming to enhance sports development in Odisha and improve the team's performance in future Hockey India League seasons.

  • Vedanta Plans Fourth Interim Dividend Announcement - 05 Oct, 2024

    Vedanta Limited will hold a board meeting on October 8 to consider the fourth interim dividend for FY24-25, with a record date of October 16. The stock has shown significant gains over the past year.

  • Vedanta Reports Record Production, Acquires Hockey Team - 04 Oct, 2024

    Vedanta Ltd announced record aluminium production in H1 FY25, despite a 2% stock drop. The company also acquired Kalinga Lancers, reinforcing its commitment to sports in Odisha.

  • Vedanta Hits Record High Amid Dividend Announcement - 30 Sep, 2024

    Vedanta shares surged over 2% to a record high, surpassing CLSA's price target. The company is set to announce a fourth interim dividend for FY25.

  • Vedanta Ltd Announces Fourth Interim Dividend Plans - 29 Sep, 2024

    Vedanta Ltd has set October 16 as the record date for its fourth interim dividend for FY25. The stock reached a 52-week high of Rs 514.85, reflecting strong performance with significant returns over various time frames. The company has already paid three dividends this fiscal year, totaling Rs 35. The upcoming board meeting on October 8 will consider the fourth dividend.

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

    Price Rise

    img

    In the last 1 year, VEDL stock has moved up by 123.6%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 14.92% to 15.54% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 36.09K Cr → 36.69K Cr (in ₹), with an average increase of 1.6% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 6.72% to 7.62% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 1.36K Cr → 3.60K Cr (in ₹), with an average increase of 62.0% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Gravita India Ltd has given 160.6% return, outperforming this stock by 37.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Gravita India Ltd has given 1118.8% return, outperforming this stock by 1081.5%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 56.38% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.61% to 11.45% in Sep 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.

Vedanta Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹33,342.00Cr (-)₹38,546.00Cr (↑15.61%)₹34,968.00Cr (↓9.28%)₹34,937.00Cr (↓0.09%)₹35,239.00Cr (↑0.86%)
Net Income₹3,308.00Cr (-)-₹915.00Cr (↓127.66%)₹2,868.00Cr (↓413.44%)₹2,275.00Cr (↓20.68%)₹5,095.00Cr (↑123.96%)
Net Profit Margin9.92% (-)-2.37% (↓123.89%)8.20% (↓445.99%)6.51% (↓20.61%)14.46% (↑122.12%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,37,731.00Cr (-)₹1,48,741.00Cr (↑7.99%)₹1,62,538.00Cr (↑9.28%)₹1,51,030.00Cr (↓7.08%)
Total Liabilities₹60,941.00Cr (-)₹71,092.00Cr (↑16.66%)₹92,690.00Cr (↑30.38%)₹85,494.00Cr (↓7.76%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹7,199.00Cr (-)₹6,047.00Cr (↓16.00%)₹12,564.00Cr (↑107.77%)₹12,491.00Cr (↓0.58%)₹13,535.00Cr (↑8.36%)

Index Inclusions

Nifty MNC

₹30,593.70

-1.33 (-412.3%)

Nifty Commodities

₹9,176.85

-1.19 (-110.8%)

NIFTY 100

₹25,739.50

-0.44 (-114.3%)

S&P BSE 100 ESG

₹410.27

-0.21 (-0.86%)

S&P BSE Commodities

₹7,661.06

-1.4 (-108.53%)

Nifty LargeMidcap 250

₹16,213.95

-0.98 (-159.85%)

S&P BSE Metal

₹32,664.95

-1.44 (-476.76%)

BSE 100

₹26,196.60

-0.43 (-113.18%)

Nifty Metal

₹9,606.80

-1.51 (-147.1%)

S&P BSE Largecap

₹9,659.81

-0.43 (-41.7%)

S&P BSE SEN. N50

₹84,316.14

-1.15 (-977.92%)

Nifty Next 50

₹73,285.35

-1.35 (-1002.75%)

BSE 200

₹11,421.17

-0.61 (-70.27%)

S&P BSE 250 LargeMidCap

₹10,836.09

-0.63 (-68.92%)

Nifty 200

₹13,989.40

-0.65 (-91.1%)

BSE 500

₹36,661.79

-0.72 (-265.21%)

Nifty100 Eq Weig

₹33,461.55

-1.07 (-360.9%)

S&P BSE AllCap

₹10,734.78

-0.78 (-84.78%)

Nifty 500

₹23,263.25

-0.76 (-177.45%)

S&P BSE 100 LargeCap TMC

₹9,268.50

-0.41 (-37.77%)

Vedanta Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
56.38%
0.00
Foreign Institutions
11.45%
-9.17
Mutual Funds
7.62%
13.33
Retail Investors
15.54%
4.14
Others
9.01%
-3.81

Vedanta Ltd Key Indicators

Details20202021202220232024
Return On Assets %-4.788.4212.646.512.81
Details20202021202220232024
Book Value Per Share (₹)147.89167.41175.76105.9882.59
Details20202021202220232024
Earning Per Share (₹)-12.7540.4163.7338.9920.26
Details20202021202220232024
Return On Equity %8.0114.3222.3333.356.56

Vedanta Ltd Valuation

Vedanta Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-11.59x)

March 30, 2021

Industry (23.63x)

October 18, 2024

Today (34.27x)

October 18, 2024

Highest (43.06x)

May 21, 2024

LowHigh

Vedanta Ltd Earnings and Dividends

  • Vedanta Ltd Earnings Results

    Vedanta Ltd’s net profit jumped 36.59% since last year same period to ₹3,606Cr in the Q1 2024-2025. On a quarterly growth basis, Vedanta Ltd has generated 163.4% jump in its net profits since last 3-months.

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

    In the quarter ending June 2024, Vedanta Ltd has declared dividend of ₹20 - translating a dividend yield of 9.68%.

    Read More about Dividends

Vedanta Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

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Vedanta Ltd (VEDL) share price today is ₹475

Vedanta Ltd is listed on NSE

Vedanta Ltd is listed on BSE

  • Today’s highest price of Vedanta Ltd is ₹489.5.
  • Today’s lowest price of Vedanta Ltd is ₹474.

PE Ratio of Vedanta Ltd is 34.27

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

Today’s traded volume of Vedanta Ltd(VEDL) is 55.67L.

Today’s market capitalisation of Vedanta Ltd(VEDL) is ₹188031.01Cr.

Vedanta Ltd(VEDLPrice
52 Week High
₹523.65
52 Week Low
₹211.2

Vedanta Ltd(VEDL) share price is ₹475. It is down -9.29% from its 52 Week High price of ₹523.65

Vedanta Ltd(VEDL) share price is ₹475. It is up 124.91% from its 52 Week Low price of ₹211.2

Vedanta Ltd(VEDLReturns
1 Day Returns
-5.85%
1 Month Returns
6.12%
3 Month Returns
7.15%
1 Year Returns
123.6%