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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500295 | NSE: VEDL

Vedanta Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:38 am

Market Cap 1,86,623 Cr.
Current Price 477
High / Low 527/250
Stock P/E18.0
Book Value 95.9
Dividend Yield9.11 %
ROCE20.9 %
ROE10.5 %
Face Value 1.00
PEG Ratio-1.22

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ganesha Ecoverse Ltd 114 Cr. 46.2 71.9/42.820.9 4.290.00 %28.2 %39.4 % 10.0
Foundry Fuel Products Ltd 5.71 Cr. 7.12 14.6/5.10 1.350.00 %%% 10.0
Deccan Gold Mines Ltd 1,781 Cr. 116 179/88.5 14.30.00 %8.77 %34.8 % 1.00
Asi Industries Ltd 482 Cr. 53.5 65.9/20.217.9 35.90.65 %10.1 %7.47 % 1.00
Anmol India Ltd 152 Cr. 26.6 65.9/26.511.3 18.40.00 %14.9 %23.6 % 10.0
Industry Average36,392.80 Cr750.6140.6178.771.70%21.11%21.07%5.18

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales28,41230,40134,09739,82238,62236,65434,10237,93033,73338,94535,54135,50935,764
Expenses18,54119,98723,28726,18928,42528,95527,03528,47127,31327,46627,01026,74125,819
Operating Profit9,87110,41410,81013,63310,1977,6997,0679,4596,42011,4798,5318,7689,945
OPM %35%34%32%34%26%21%21%25%19%29%24%25%28%
Other Income6055764722757339311,619-6312,3261,863779385934
Interest1,1821,0661,2161,3331,2061,6421,5721,8052,1102,5232,4172,4152,222
Depreciation2,1242,1182,2742,3792,4642,6242,7202,7652,5502,6422,7882,7432,731
Profit before tax7,1707,8067,79210,1967,2604,3644,3944,2584,0868,1774,1053,9955,926
Tax %26%26%31%29%23%38%30%26%19%111%30%43%14%
Net Profit5,2835,8125,3547,2615,5932,6873,0913,1323,308-9152,8682,2755,095
EPS in Rs11.3612.4211.2015.6011.894.866.635.067.10-4.805.423.689.70

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales2,74966,15273,71064,26272,22591,86692,04884,44788,021132,732147,308143,727145,759
Expenses2,28346,55751,59582,74150,84966,98968,87763,70460,70387,908112,877108,415107,036
Operating Profit46519,59522,114-18,47921,37624,87723,17120,74327,31844,82434,43135,31238,723
OPM %17%30%30%-29%30%27%25%25%31%34%23%25%27%
Other Income331,874-19,2224,2904,4236,0874,270-14,9322,7431,8322,6255,2393,961
Interest4755,0945,6595,7785,8555,1125,6894,9775,2104,7976,2259,4659,577
Depreciation1976,8827,1598,5726,2926,2838,1929,0937,6388,89510,55510,72310,904
Profit before tax-1749,493-9,925-28,54013,65219,56913,560-8,25917,21332,96420,27620,36322,203
Tax %-25%-9%15%-37%17%30%28%-43%13%28%28%63%
Net Profit2,28011,421-11,369-17,86211,31613,6929,698-4,74415,03223,71014,5037,5399,323
EPS in Rs26.2421.25-52.77-41.3923.4727.8219.01-17.9331.2150.5828.4511.4014.00
Dividend Payout %0%15%-8%-8%83%76%99%-22%30%89%357%259%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)400.92%-199.54%-57.11%163.35%21.00%-29.17%-148.92%416.86%57.73%-38.83%-48.02%
Change in YoY Net Profit Growth (%)0.00%-600.47%142.43%220.46%-142.36%-50.17%-119.75%565.78%-359.13%-96.56%-9.19%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:9%
3 Years:18%
TTM:0%
Compounded Profit Growth
10 Years:-5%
5 Years:-12%
3 Years:-33%
TTM:109%
Stock Price CAGR
10 Years:9%
5 Years:26%
3 Years:12%
1 Year:84%
Return on Equity
10 Years:14%
5 Years:22%
3 Years:22%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:36 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital87296296296297372372372372372372372391
Reserves17,38872,71253,57943,74360,12862,94061,92554,26361,90665,01139,05130,35037,097
Borrowings4,83980,56677,75267,77871,56958,15966,22659,18757,66953,58380,32987,70679,808
Other Liabilities72360,54558,65480,16364,95258,89670,04566,91563,54974,98169,70369,69087,879
Total Liabilities23,037214,120190,281191,980196,946180,367198,568180,737183,496193,947189,455188,118205,175
Fixed Assets4,13687,20570,10861,59175,63178,45586,32786,12788,00289,49890,48392,551100,699
CWIP72343,12838,74838,46127,55732,05524,95918,58516,31415,87919,52922,88927,719
Investments16,05937,91039,60653,38646,96228,70033,06524,75316,66017,29113,15011,86912,823
Other Assets2,11945,87741,81938,54246,79641,15754,21751,27262,52071,27966,29360,80963,934
Total Assets23,037214,120190,281191,980196,946180,367198,568180,737183,496193,947189,455188,118205,175

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2215,60117,80520,37718,08317,36623,75419,30023,98034,96333,06535,654
Cash from Investing Activity +-311-2,890-4,133-7,8682,68115,480-10,594-5,925-6,678-2,243-668-13,676
Cash from Financing Activity +238-5,052-13,956-11,303-12,425-39,255-10,242-15,547-17,565-28,903-34,142-26,092
Net Cash Flow-517,659-2841,2068,339-6,4092,918-2,172-2633,817-1,745-4,114

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow461.00-61.00-55.00-85.00-50.00-34.00-43.00-39.00-30.00-9.00-46.00-52.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days19251814111616121414109
Inventory Days143129132161135184184153147124107
Days Payable66782673082022422752452219183
Cash Conversion Cycle1910269-120-136-51-42-80-77-614333
Working Capital Days118-47-22-149-175-95-120-129-68-34-29-14
ROCE %2%13%9%-14%11%15%14%10%17%28%20%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024
Promoters69.69%69.69%69.69%69.68%69.68%68.11%68.11%63.71%63.71%61.95%59.31%56.38%
FIIs8.67%9.35%8.68%8.09%7.90%7.89%7.48%7.82%7.74%8.77%10.23%12.61%
DIIs10.84%11.60%11.57%10.37%11.05%10.20%9.98%10.59%11.19%13.15%14.78%15.65%
Government0.00%0.00%0.00%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public10.56%9.13%9.84%11.57%11.07%13.63%14.29%17.74%17.23%15.86%15.41%15.11%
Others0.25%0.23%0.22%0.22%0.22%0.11%0.08%0.08%0.06%0.18%0.18%0.17%
No. of Shareholders7,15,4467,43,5829,51,22813,26,95312,98,59914,11,55115,65,26419,42,80019,09,46017,85,79817,92,82117,81,268

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Arbitrage Opportunities Fund11,221,7001.15307.313,386,3552024-12-20231.38%
Kotak Equity Arbitrage Fund - Regular Plan10,207,4000.78279.533,386,3552024-12-20201.43%
Aditya Birla Sun Life Arbitrage Fund6,732,1001.88184.363,386,3552024-12-2098.8%
Tata Arbitrage Fund4,266,5001.21116.843,386,3552024-12-2025.99%
Nippon India Arbitrage Fund3,937,6000.82107.833,386,3552024-12-2016.28%
Nippon India ETF Nifty Next 50 Junior BeES3,386,3552.292.743,386,3552024-12-200%
Axis Arbitrage Fund3,275,2002.3589.693,386,3552024-12-20-3.28%
ICICI Prudential Nifty Next 50 Index Fund3,120,9952.285.473,386,3552024-12-20-7.84%
ICICI Prudential Equity - Arbitrage Fund3,095,8000.5284.783,386,3552024-12-20-8.58%
ICICI Prudential Bluechip Fund3,029,7060.1782.973,386,3552024-12-20-10.53%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)11.4228.5050.7331.32-18.00
Diluted EPS (Rs.)11.3328.5050.7331.13-18.00
Cash EPS (Rs.)49.0967.3787.6560.9411.69
Book Value[Excl.RevalReserv]/Share (Rs.)113.09132.87222.32208.11192.87
Book Value[Incl.RevalReserv]/Share (Rs.)113.09132.87222.32208.11192.87
Revenue From Operations / Share (Rs.)386.36395.99356.81236.62227.01
PBDIT / Share (Rs.)101.47100.20127.4882.6362.36
PBIT / Share (Rs.)72.6571.82103.5762.1037.91
PBT / Share (Rs.)54.7454.5188.6146.27-22.20
Net Profit / Share (Rs.)20.2638.9963.7340.41-12.75
NP After MI And SOA / Share (Rs.)11.4028.4250.5431.19-17.91
PBDIT Margin (%)26.2625.3035.7234.9227.46
PBIT Margin (%)18.8018.1329.0226.2416.70
PBT Margin (%)14.1613.7624.8319.55-9.78
Net Profit Margin (%)5.249.8417.8617.07-5.61
NP After MI And SOA Margin (%)2.947.1714.1613.18-7.89
Return on Networth / Equity (%)13.7926.8228.7518.62-12.19
Return on Capital Employeed (%)24.0924.6628.9918.2511.72
Return On Assets (%)2.225.389.466.24-3.62
Long Term Debt / Equity (X)1.651.100.550.600.67
Total Debt / Equity (X)2.341.680.810.791.08
Asset Turnover Ratio (%)0.740.740.370.230.21
Current Ratio (X)0.660.681.040.950.90
Quick Ratio (X)0.490.510.820.780.72
Inventory Turnover Ratio (X)3.153.032.571.661.32
Dividend Payout Ratio (NP) (%)258.52355.3288.7130.33-25.45
Dividend Payout Ratio (CP) (%)73.24177.8260.2218.2969.82
Earning Retention Ratio (%)-158.52-255.3211.2969.67125.45
Cash Earning Retention Ratio (%)26.76-77.8239.7881.7130.18
Interest Coverage Ratio (X)3.995.999.895.904.66
Interest Coverage Ratio (Post Tax) (X)1.503.376.104.023.54
Enterprise Value (Cr.)179831.80169120.40204921.40133226.8087442.00
EV / Net Operating Revenue (X)1.251.151.541.511.04
EV / EBITDA (X)4.764.544.324.333.77
MarketCap / Net Operating Revenue (X)0.700.691.130.960.28
Retention Ratios (%)-158.52-255.3211.2869.66125.45
Price / BV (X)3.292.592.301.370.44
Price / Net Operating Revenue (X)0.700.691.130.960.28
EarningsYield0.040.100.120.13-0.27

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 197.76

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 58.54% compared to the current share price 477.00

Intrinsic Value of as of December 21, 2024 is: 168.46

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Overvalued by 64.68% compared to the current share price 477.00

Last 5 Year EPS CAGR: -14.81%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -63.67, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -25.08, which is a positive sign.
  1. The stock has a low average ROCE of 12.17%, which may not be favorable.
  2. The company has higher borrowings (65,013.15) compared to reserves (50,776.38), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (92.23) and profit (-4.15).
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 5.24%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.09% (Industry Average ROCE: 19.86%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.79% (Industry Average ROE: 18.59%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.5
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.49
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 18 (Industry average Stock P/E: 35.83)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 2.34
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Vedanta Ltd. is a Public Limited Listed company incorporated on 25/06/1965 and has its registered office in the State of Goa, India. Company’s Corporate Identification Number(CIN) is L13209MH1965PLC291394 and registration number is 291394. Currently Company is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company’s Total Operating Revenue is Rs. 63277.00 Cr. and Equity Capital is Rs. 372.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Mining/Minerals1st Floor, 'C' Wing, Unit 103, Mumbai Maharashtra 400093comp.sect@vedanta.co.in
http://www.vedantalimited.com
Management
NamePosition Held
Mr. Anil AgarwalNon Executive Chairman
Mr. Navin AgarwalExecutive Vice Chairman
Mr. Arun MisraExecutive Director
Ms. Priya AgarwalNon Exe.Non Ind.Director
Mr. Dindayal JalanInd. Non-Executive Director
Mr. Akhilesh JoshiInd. Non-Executive Director
Ms. Padmini SekhsariaInd. Non-Executive Director
Mr. Upendra Kumar SinhaInd. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹197.76, which is 58.54% lower than the current market price of ₹477.00. The stock has a market capitalization of 1,86,623 Cr. and recorded a high/low of 527/250 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹37,097 Cr and total liabilities of ₹205,175 Cr.

What is the Market Cap of ?

The Market Cap of is 1,86,623 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 477.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 527/250.

What is the Stock P/E of ?

The Stock P/E of is 18.0.

What is the Book Value of ?

The Book Value of is 95.9.

What is the Dividend Yield of ?

The Dividend Yield of is 9.11 %.

What is the ROCE of ?

The ROCE of is 20.9 %.

What is the ROE of ?

The ROE of is 10.5 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE