Financials Vedanta Limited Bombay S.E.

Equities

500295

INE205A01025

Diversified Mining

Market Closed - Bombay S.E. 03:58:49 03/05/2024 pm IST 5-day change 1st Jan Change
415.2 INR +1.08% Intraday chart for Vedanta Limited +9.02% +60.60%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,83,934 2,39,532 8,47,245 14,94,414 10,17,894 15,43,389 - -
Enterprise Value (EV) 1 9,53,494 4,52,262 10,97,725 17,02,924 14,65,274 10,08,689 22,12,285 21,96,446
P/E ratio 9.67 x -3.59 x 7.3 x 8.01 x 9.69 x 24 x 11.7 x 10.2 x
Yield 10.2% 6.03% 4.15% 11.2% 37% 8.56% 8.32% 8.1%
Capitalization / Revenue 0.75 x 0.29 x 0.98 x 1.13 x 0.69 x 0.7 x 1.04 x 0.97 x
EV / Revenue 1.05 x 0.54 x 1.26 x 1.28 x 0.99 x 0.7 x 1.49 x 1.38 x
EV / EBITDA 3.97 x 2.19 x 4.02 x 3.8 x 4.26 x 2.87 x 5.3 x 4.76 x
EV / FCF 6.44 x 3.94 x 6.42 x 7 x 7.6 x 41.8 x 13.3 x 10.2 x
FCF Yield 15.5% 25.4% 15.6% 14.3% 13.2% 2.39% 7.52% 9.78%
Price to Book 1.1 x 0.44 x 1.37 x 2.29 x 2.59 x 4.44 x 4.52 x 4.17 x
Nbr of stocks (in thousands) 37,07,963 37,02,198 37,03,804 37,05,006 37,08,850 37,13,194 - -
Reference price 2 184.4 64.70 228.8 403.4 274.4 415.6 415.6 415.6
Announcement Date 07/05/19 06/06/20 13/05/21 28/04/22 12/05/23 25/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,09,010 8,35,450 8,68,630 13,27,320 14,73,080 14,37,270 14,83,375 15,97,385
EBITDA 1 2,40,120 2,06,870 2,73,180 4,48,240 3,44,220 3,51,980 4,17,472 4,61,853
EBIT 1 1,58,200 1,15,940 1,96,800 3,59,290 2,38,670 2,44,750 3,06,643 3,45,750
Operating Margin 17.4% 13.88% 22.66% 27.07% 16.2% 17.03% 20.67% 21.64%
Earnings before Tax (EBT) 1 1,35,600 -82,590 1,72,130 3,29,640 2,02,760 2,03,630 2,40,046 2,76,563
Net income 1 70,650 -66,640 1,16,020 1,88,020 1,05,740 42,390 1,34,160 1,58,380
Net margin 7.77% -7.98% 13.36% 14.17% 7.18% 2.95% 9.04% 9.91%
EPS 2 19.07 -18.00 31.32 50.38 28.32 11.33 35.38 40.89
Free Cash Flow 1 1,48,120 1,14,840 1,70,940 2,43,330 1,92,780 53,022 1,66,314 2,14,896
FCF margin 16.29% 13.75% 19.68% 18.33% 13.09% 3.82% 11.21% 13.45%
FCF Conversion (EBITDA) 61.69% 55.51% 62.57% 54.29% 56% 15.86% 39.84% 46.53%
FCF Conversion (Net income) 209.65% - 147.34% 129.42% 182.32% 76.64% 123.97% 135.68%
Dividend per Share 2 18.85 3.900 9.500 45.00 101.5 35.59 34.58 33.67
Announcement Date 07/05/19 06/06/20 13/05/21 28/04/22 12/05/23 25/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,81,050 3,00,480 3,36,970 3,98,220 3,86,220 3,66,540 3,48,180 3,79,300 3,37,330 3,89,450 3,55,410 3,44,504
EBITDA 1 98,710 1,03,630 1,09,380 1,36,330 1,01,970 76,990 70,670 94,590 64,200 1,18,340 85,310 84,547
EBIT 77,470 82,450 84,680 1,12,540 77,330 50,750 43,470 - 38,700 88,370 - 56,774
Operating Margin 27.56% 27.44% 25.13% 28.26% 20.02% 13.85% 12.48% - 11.47% 22.69% - 16.48%
Earnings before Tax (EBT) 1 71,700 78,060 77,920 1,01,960 72,600 43,640 43,940 42,580 40,860 81,770 41,050 39,189
Net income 1 42,240 46,150 41,640 57,990 44,210 18,080 24,640 18,810 26,400 -17,830 20,130 20,336
Net margin 15.03% 15.36% 12.36% 14.56% 11.45% 4.93% 7.08% 4.96% 7.83% -4.58% 5.66% 5.9%
EPS 2 11.31 12.38 11.17 15.56 11.84 4.850 6.600 - 7.060 -4.800 5.380 5.500
Dividend per Share - - - - - - - - - - - -
Announcement Date 26/07/21 29/10/21 28/01/22 28/04/22 28/07/22 28/10/22 27/01/23 12/05/23 21/07/23 04/11/23 25/01/24 -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,69,560 2,12,730 2,50,480 2,08,510 4,47,380 6,73,764 6,68,896 6,53,057
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.123 x 1.028 x 0.9169 x 0.4652 x 1.3 x 2.015 x 1.602 x 1.414 x
Free Cash Flow 1 1,48,120 1,14,840 1,70,940 2,43,330 1,92,780 53,022 1,66,314 2,14,896
ROE (net income / shareholders' equity) 10.9% 5.68% 19.8% 29.5% 20.2% 15.2% 39.9% 44.8%
ROA (Net income/ Total Assets) 3.65% 1.72% 6.28% 9.78% 5.36% 6.41% 10.5% 11.7%
Assets 1 19,33,138 -38,70,143 18,46,600 19,21,552 19,73,682 10,79,761 12,73,353 13,59,018
Book Value Per Share 2 167.0 147.0 167.0 176.0 106.0 93.50 91.90 99.80
Cash Flow per Share 2 63.80 52.10 64.70 93.70 88.90 45.70 86.80 102.0
Capex 1 89,420 78,140 68,860 1,06,300 1,37,870 1,41,717 1,71,657 1,56,965
Capex / Sales 9.84% 9.35% 7.93% 8.01% 9.36% 10.22% 11.57% 9.83%
Announcement Date 07/05/19 06/06/20 13/05/21 28/04/22 12/05/23 25/04/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
415.6 INR
Average target price
375.3 INR
Spread / Average Target
-9.71%
Consensus