Vedanta Ltd - Stock Valuation and Financial Performance

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

Vedanta Share Price

373.10 11.40 3.15%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Vedanta

Overall Rating
Bole Toh

1. Quality

2. Valuation


3. Price Trend

Vedanta stock performance -

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P/E Ratio (CD):
Market Cap:
1,38,688.7 Cr.
52-wk low:
52-wk high:

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 average 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 Fair zone.

3. Is Vedanta Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vedanta Ltd is likely to Rise 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 9.6%-6.4%-5.2%7.6%11%8.3%-1.9%10.8%15.3%11.1%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 66,15273,71064,26272,22591,86692,04884,44788,0211,32,7321,47,3081,44,081
Sales YoY Gr.-11.4%-12.8%12.4%27.2%0.2%-8.3%4.2%50.8%11%-
Adj EPS 21.8-51.9-41.31932.120.5-16.631.450.629.512.8
YoY Gr.--338.3%NANA69.5%-36.1%-180.8%NA61.4%-41.7%-
BVPS (₹) 245.7181.1148.5162.2169.7166.8146.2167175.4105.592.7
Adj Net
Cash Flow from Ops. 15,60117,80520,37718,08317,36623,75419,30023,98034,96333,065-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%9.9%20.4%11%
Adj EPS 3.4%-1.7%NA-41.7%
Share Price 6.7% 15.2% 19.6% 35.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.38%

Return on Equity has declined versus last 3 years average to 12.90%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 2.04

Sales growth is not so good in last 4 quarters at -2.01%

Latest Financials - Vedanta Ltd.

Standalone Consolidated
TTM EPS (₹) 57.5 12.8
TTM Sales (₹ Cr.) 69,146 1,44,081
BVPS (₹.) 187 92.7
Reserves (₹ Cr.) 69,155 34,079
P/BV 1.99 4.03
PE 6.49 29.19
From the Market
52 Week Low / High (₹) 207.85 / 375.00
All Time Low / High (₹) 0.96 / 494.30
Market Cap (₹ Cr.) 1,38,689
Equity (₹ Cr.) 371.7
Face Value (₹) 1
Industry PE 15.1

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

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 46,59051,59549,19850,89467,00468,97863,76060,70387,9081,12,886
Manufacturing Costs14,20116,39018,29020,80923,11530,24829,45226,01237,38551,157
Material Costs23,09824,67522,19321,88132,25226,15022,50323,68235,48144,150
Employee Cost 2,7642,8452,4582,3392,4963,0232,6722,8612,8113,098
Other Costs 6,5277,6856,2575,8659,1419,5579,1338,14812,23114,481
Operating Profit 19,56322,11415,06421,33124,86223,07020,68727,31844,82434,422
Operating Profit Margin (%) 29.6%30.0%23.4%29.5%27.1%25.1%24.5%31.0%33.8%23.4%
Other Income 2,0732,9774,5314,5823,2054,0512,5103,4212,6002,851
Interest 5,0945,6595,7785,8555,1125,6894,9775,2104,7976,225
Depreciation 6,8827,1598,5726,2926,2838,1929,0937,6388,89510,555
Exceptional Items -167-22,199-33,785-1142,897320-17,386-678-768-217
Profit Before Tax 9,493-9,925-28,54013,65219,56913,560-8,25917,21332,96420,276
Tax -8471,448-10,6782,3335,8773,862-3,5162,1809,2555,770
Profit After Tax 10,339-11,373-17,86311,31913,6929,698-4,74315,03323,70914,506
PAT Margin (%) 15.6%-15.4%-27.8%15.7%14.9%10.5%-5.6%17.1%17.9%9.8%
Adjusted EPS (₹)21.2-52.8-41.418.727.819.0-17.931.250.528.4
Dividend Payout Ratio (%)15%-8%-8%104%76%99%-22%30%89%357%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 73,00953,87544,03960,34563,13562,04854,38662,10765,24739,255
Share Capital 297297297372372372372372372372
Reserves 72,71253,57943,74359,97362,76361,67654,01461,73564,87538,883
Minority Interest33797355303656113928159611522717112151381732110004
Long Term Debt54,96652,02549,37830,25526,78934,72136,72437,96236,20543,476
Short Term Debt17,39519,94112,29032,24521,95122,98222,02111,98018,58526,159
Trade Payables4,1675,27816,16218,45917,84317,3528,0277,62410,38011,043
Others Liabilities 30,78623,63228,28236,30633,97246,23838,46345,04045,55957,924
Total Liabilities 2,14,1201,90,2811,86,7131,91,5381,79,6511,98,5681,76,7331,79,8511,93,2971,87,861

Fixed Assets

Gross Block1,16,3251,05,9311,40,0681,54,2491,65,0522,14,8802,30,7692,38,6272,52,5212,72,171
Accumulated Depreciation29,05635,75972,83877,49384,7731,18,4831,41,8651,48,1571,59,0551,76,588
Net Fixed Assets87,27070,17267,23176,75680,27996,39788,90490,47093,46695,583
CWIP 43,12838,74838,46127,55732,05524,95918,58516,31415,87919,690
Investments 37,91039,60653,38646,96228,70033,06524,75316,66017,29113,150
Trade Receivables4,6203,6052,4942,2403,9693,9822,6973,4914,9464,014
Cash Equivalents 7,6865,6963,70914,1235,2168,36912,50216,62915,3559,254
Others Assets24,47423,72913,42014,27217,46518,59817,95726,36432,04731,158
Total Assets 2,14,1201,90,2811,86,7131,91,5381,79,6511,98,5681,76,7331,79,8511,93,2971,87,861

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 15,60117,80520,37718,08317,36623,75419,30023,98034,96333,065
PBT 10,574-9,921-28,54013,65219,56913,560-8,25917,21332,96420,276
Adjustment 10,42433,64043,6667,8385,77010,67929,63110,44612,50114,547
Changes in Working Capital -1024-253477021794-47752128-937-1571-47664599
Tax Paid -4,374-3,380-2,451-5,201-3,198-2,613-1,135-2,108-5,736-6,357
Cash Flow From Investing Activity -11,347-4,160-7,8632,71115,396-10,530-5,894-6,750-2,253-693
Capex -7,232-10,574-5,412-5,435-7,296-8,817-7,669-6,718-10,305-13,654
Net Investments -7,821-203-3,3557,07122,2072,5039974,6934,7078,990
Others 3,7066,6179051,075485-4,216778-4,7253,3453,971
Cash Flow From Financing Activity -5,052-13,956-11,303-12,425-39,255-10,242-15,547-17,565-28,903-34,142
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 6681,0252,0651,656-8,2717,0752,8307,130-7,8428,160
Interest Paid -4,675-6,290-5,797-6,150-5,006-6,009-5,322-5,348-5,274-5,530
Dividend Paid -2,214-3,106-3,221822-14,881-11,792-1,444-9,122-16,681-29,959
Others 1,170-5,585-4,351-8,753-11,097484-11,611-10,225894-6,813
Net Cash Flow -798-3111,2118,369-6,4932,982-2,141-3353,807-1,770
ROE (%)22.9-17.98-36.5521.6922.1815.49-8.1525.8137.2327.76
ROCE (%)16.6-3-18.711619.4715.4-2.6117.9129.3621.29
Asset Turnover Ratio0.590.380.360.40.50.490.450.490.710.77
PAT to CFO Conversion(x)1.51N/AN/A1.61.272.45N/A1.61.472.28
Working Capital Days
Receivable Days13191611121614131211
Inventory Days26424542425053443336
Payable Days35701762892052462061219389

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 12-Apr-2024 16:59 is ₹373.1.
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 12-Apr-2024 16:59 the market cap of Vedanta stood at ₹1,38,688.7.
The latest P/E ratio of Vedanta as of 12-Apr-2024 16:59 is 6.49.
The latest P/B ratio of Vedanta as of 12-Apr-2024 16:59 is 1.99.
The 52-week high of Vedanta is ₹375.0 and the 52-week low is ₹207.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedanta is ₹69,146 ( 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


  • 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.


  • 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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