Vedanta Share Price: Vedanta share (NSE: VEDL) was active during the closing hours of trading on Wednesday, and then the shares ended at 267 rupees (Vedanta shares today’s price) with an increase of two and a half percent.
A local company Nuvama Institutional Equities recommended BUY in this stock and set an ambitious goal.
In its annual report, the company claimed that the company has completed debt restructuring, and as a result, the company has got time of two years.
In the past, Moody’s had reduced the corporate family rating of Vedanta Resources.
Why BUY Advice For Vedanta Share?
The brokerage stated in its annual report Vedanta Limited has executed its debt restructuring within the company’s parent Vedanta Resources very well.
This is why the company will have two years. In this time, the firm will have the ability to invest in capital expenses for the zinc and aluminum businesses.
Additionally, making money from iron and steel assets is also feasible promptly. Due to these measures money flow for a business will improve, bringing numerous advantages.
Vedanta Share Price Target
The company has also decided to create different business verticals distinct companies. Large assets will be sold. As a result of restructuring debt and cash flow improvement, cash flow will improve which will increase margins.
Each of these elements can lead to unlocking value. The brokerage has raised its target from Rs 265 to 370 rupees.
The target is 40% more than the present level. The rating was changed from HOLD to Buy.
Asset Monetization Could Yield Many Crores In Rupees
Vedanta Limited is hoping to bring in Rs 12100 crore through the sale of iron ore and steel assets.
This can be used to cut down on costs for capex as well as debt. Capex on the aluminum or zinc segment is scheduled to be completed at the end of FY25.
The business will earn annual revenues of $1 billion during the second quarter of FY26. This will also aid the flow of cash.
Vedanta Is Expected To Pay An Amount Of Rs 50 As A Dividend In FY24
Because of these measures, Vedanta Resources Limited will now be in a position to increase dividends which could result in a higher rate of repayment of the debts that are owed to Vedanta Resources Limited.
Vedanta Limited can pay more costs to Vedanta Resources starting in FY27.
The brokerage believes the company Vedanta Limited is likely to pay dividends of between Rs 50 and 40 per share for FY25 as well as FY26.
This yield of dividends is predicted to be 15 percent. The company can pay an amount of 50 rupees in FY24.
Vedanta Share Price History
Vedanta Limited’s share is the price of Rs 267. Its 52-week peak is Rs 334 and its lowest is 208.
The record is 495. In 2023, the stock reached a peak of Rs 340 before the lowest point was Rs 208.
The price has risen by 9 percent within a single month, and 20 percent over three months. The return for one year is -16 percent.
About Vedanta Ltd
Vedanta Ltd. is a company that deals in natural resources that focuses on mining, exploration, and processing of oil, minerals, or gas-related properties.
It is a company that operates in four segments: Copper Aluminum, Iron Ore, Power as well as Oil and Gas.
The segment for Copper concentrates on custom smelting and includes a copper smelter refinery, a phosphoric acid plant sulfuric acid plant as well as a copper rod facility, and three captive power plants.
This segment consists of a refinery as well as an electric power plant that is captive at Lanjigarh as well as a smelter. an energy-based thermal coal captive power facility in Jharsuguda located inside Odisha, a State of Odisha in India.
This Iron Ore segment explores, mines, and refines iron ore, pig iron, and coke that is metallurgical.
The Power section is comprised of 600 MW of thermal commercial power facility based on coal located at Jharsuguda within Odisha, a State of Odisha in Eastern India.
The Oil and Gas segment is involved in the development, exploration, and extraction of gas, and oil.
This company was established on the initiative of Anil Kumar Agarwal, who was born on the 25th of June 25, 1965. It is located in Panaji, India.
Fundamental Analysis of Vedanta Ltd
| Market Cap | ₹ 99,268 Cr. |
| Current Price | ₹ 266.45 |
| 52-wk High | ₹ 340.75 |
| 52-wk Low | ₹208 |
| Stock P/E | 19.19 |
| Book Value | ₹ 85.0 |
| Dividend | 38.0 % |
| ROCE | 21.2 % |
| ROE | 20.4 % |
| Face Value | ₹ 1.00 |
| P/B Value | 3.14 |
| OPM | 23.8 % |
| EPS | ₹ 14.0 |
| Debt | ₹ 75,064 Cr. |
| Debt to Equity | 2.38 |
Vedanta Share Price Target 2024 – 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹312 | ₹395 |
| 2025 | ₹440 | ₹520 |
| 2026 | ₹585 | ₹632 |
| 2027 | ₹700 | ₹742 |
| 2028 | ₹800 | ₹841 |
| 2029 | ₹890 | ₹940 |
| 2030 | ₹1025 | ₹1124 |
Vedanta Ltd Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 69.68% |
| Dec 2022 | 69.68% |
| Mar 2023 | 68.11% |
| June 2023 | 68.11% |
| Sept 2023 | 63.71% |
| FII Holding | |
| Sept 2022 | 8.09% |
| Dec 2022 | 7.90% |
| Mar 2023 | 7.89% |
| June 2023 | 7.48% |
| Sept 2023 | 7.82% |
| DII Holding | |
| Sept 2022 | 10.37% |
| Dec 2022 | 11.05% |
| Mar 2023 | 10.20% |
| June 2023 | 9.98% |
| Sept 2023 | 10.59% |
| Govt. Holding | |
| Sept 2022 | 0.07% |
| Dec 2022 | 0.07% |
| Mar 2023 | 0.07% |
| June 2023 | 0.07% |
| Sept 2023 | 0.07% |
| Public Holding | |
| Sept 2022 | 11.57% |
| Dec 2022 | 11.07% |
| Mar 2023 | 13.63% |
| June 2023 | 14.29% |
| Sept 2023 | 17.74% |
| Others | |
| Sept 2022 | 0.22% |
| Dec 2022 | 0.22% |
| Mar 2023 | 0.11% |
| June 2023 | 0.08% |
| Sept 2023 | 0.08% |
Vedanta Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹92,048 Cr |
| 2020 | ₹84,447 Cr |
| 2021 | ₹88,021 Cr |
| 2022 | ₹132,732 Cr |
| 2023 | ₹144,710 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹9,698 Cr |
| 2020 | ₹-4,744 Cr |
| 2021 | ₹15,032 Cr |
| 2022 | ₹23,710 Cr |
| 2023 | ₹8,616 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.93 |
| 2020 | 1.08 |
| 2021 | 0.8 |
| 2022 | 081 |
| 2023 | 1.68 |
Last 10 Years’ Profit Growth:
| 10 Years: | 17% |
| 5 Years: | 4% |
| 3 Years: | -10% |
| Current Year: | -70% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 14% |
| 5 Years: | 21% |
| 3 Years: | 24% |
| Last Year: | 20% |
Sales Growth Over 10 Years:
| 10 Years: | 49% |
| 5 Years: | 10% |
| 3 Years: | 20% |
| Current Year: | -3% |
Conclusion
This article is a complete guide about Vedanta Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you for your further investment.
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