According to a news, Sterlite Power Transmission Limited (SPTL) which is an entity owned by private equity of mining firm Vedanta Limited (NSE: VEDL), is transferring three of its power transmission projects located in India into its joint partnership with Singapore-based sovereign wealth fund GIC Pte.
Three projects for power transmission in India are currently in development and have been approved, they will be handed over in the Sterlite Grid 32 Limited Joint Venture.
The report states that these projects are located in Kishtwar, Nangalbibra, and Fatehgarh.
In the year 2000, SPTL collaborated with GIC to create the joint venture of a $1 billion platform.
It was stated that the principal goal of this partnership is to capitalize on the growing need for energy evacuation systems in India.
Sterlite Power Projects
According to the company’s information, Sterlite Power, controlled by Anil Aggarwal, owns 34,000 kilometres of OPGW (Optical Ground Wire) based communications projects, that are either completed or in implementation under live line conditions across 108 major corridors in 15 states.
It is also a major producer of conductors, power cables, and OPGW and supplies every major state and private utility across India and exports its products to over 60 nations.
The company has manufacturing facilities at Silvassa, Jharsuguda, and Haridwar.
What Does Sterlite Power Do?
Sterlite Power’s Global Infrastructure business line bids for, designs, and constructs an infrastructure for power transmission.
The company’s operations currently are located in India as well as Brazil.
According to the data Sterlite Power is the sponsor of India’s first power sector InvIT, India Grid Trust (IndiGrid) which is listed.
Sterlite Power MD Prateek Agarwal is the cousin of Anil Agarwal.
The company announced in September 2022 the power firm announced that it was withdrawing its DRHP and delayed its plans for listing because of the market’s conditions.
About Vedanta
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 Limited
| Market Cap | ₹ 1,00,774 Cr. |
| Current Price | ₹ 267.75 |
| 52-wk High | ₹ 301 |
| 52-wk Low | ₹ 208 |
| Stock P/E | 20.2 |
| Book Value | ₹ 85.0 |
| Dividend | 37.4 % |
| ROCE | 21.2 % |
| ROE | 20.4 % |
| Face Value | ₹ 1.00 |
| P/B Value | 3.19 |
| OPM | 24.6 % |
| EPS | ₹ 12.8 |
| Debt | ₹ 75,064 Cr. |
| Debt to Equity | 2.38 |
Vedanta Share Price Target 2024 To 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 Limited Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 69.68% |
| Mar 2023 | 68.11% |
| June 2023 | 68.11% |
| Sept 2023 | 63.71% |
| Dec 2023 | 63.71% |
| FII Holding | |
| Dec 2022 | 7.90% |
| Mar 2023 | 7.89% |
| June 2023 | 7.48% |
| Sept 2023 | 7.82% |
| Dec 2023 | 7.74% |
| DII Holding | |
| Dec 2022 | 11.05% |
| Mar 2023 | 10.20% |
| June 2023 | 9.98% |
| Sept 2023 | 10.59% |
| Dec 2023 | 11.19% |
| Govt. Holding | |
| Dec 2022 | 0.07% |
| Mar 2023 | 0.07% |
| June 2023 | 0.07% |
| Sept 2023 | 0.07% |
| Dec 2023 | 0.07% |
| Public Holding | |
| Dec 2022 | 11.07% |
| Mar 2023 | 13.63% |
| June 2023 | 14.29% |
| Sept 2023 | 17.74% |
| Dec 2023 | 17.23% |
| Others Holding | |
| Dec 2022 | 0.22% |
| Mar 2023 | 0.11% |
| June 2023 | 0.08% |
| Sept 2023 | 0.08% |
| Dec 2023 | 0.06% |
Vedanta Limited 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 | ₹ 146,149 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 9,698 Cr |
| 2020 | ₹ -4,744 Cr |
| 2021 | ₹ 15,032 Cr |
| 2022 | ₹ 23,710 Cr |
| 2023 | ₹ 8,393 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 17% |
| 5 Years: | 4% |
| 3 Years: | -10% |
| Current Year: | -65% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 14% |
| 5 Years: | 21% |
| 3 Years: | 24% |
| Last Year: | 20% |
Last 10 Years’ Sales Growth:
| 10 Years: | 49% |
| 5 Years: | 10% |
| 3 Years: | 20% |
| Current Year: | -2% |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.93 |
| 2020 | 1.08 |
| 2021 | 0.8 |
| 2022 | 0.81 |
| 2023 | 1.68 |
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 in your further investment.
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