Vedanta Limited is a leading natural resources company in India, with operations spanning mining, oil & gas, and electric utilities. Established in 1979 by D.P. Agarwal as Sterlite Industries, the company has grown into a major player in the mining sector. Headquartered in Mumbai, Vedanta operates in several states, including Goa, Rajasthan, Karnataka, and Odisha. The company’s key subsidiaries include Bharat Aluminium Company, Hindustan Zinc, and Cairn India. In this blog, we will delve into the Vedanta Limited share price target for 2024, 2025, 2027, and 2030, providing insights into its potential market performance and future growth prospects.
Financial Highlights (2023)
Financial Metric
Value
Market Capitalisation
₹93,636.43 Crores
Reserves and Borrowings
₹67,440.00 Cr, ₹32,604.00 Cr
52-Week High-Low
₹300.95 – ₹208.00
Revenue
₹1.46 Billion INR (up 10.79% YOY)
Operating Expense
₹423.79 Billion INR (up 18.70% YOY)
Net Income
₹105.74 Billion INR (down 43.66% YOY)
Net Profit Margin
7.25% (down 49.75% YOY)
Earnings Per Share (EPS)
₹28.84 (down 44.96% YOY)
EBITDA
₹351.66 Billion INR (down 22.10% YOY)
Effective Tax Rate
28.46%
Total Assets
₹1.96 Trillion INR (down 1.02% YOY)
Total Liabilities
₹1.47 Trillion INR (up 27.02% YOY)
Total Equity
₹494.27 Billion INR
Return on Assets (ROA)
7.79%
Return on Capital
12.18%
P/E Ratio
19.82
Dividend Yield
24.90%
Shareholding Pattern
Shareholder
Percentage
Promoters
63.71%
Foreign Institutional Investors (FII)
7.74%
Domestic Institutional Investors (DII)
9.77%
Retail & Others
17.36%
Mutual Funds
1.42%
Competitors
Competitor
Market Cap (₹ crores)
Hindustan Zinc
127,520.13
Hindustan Copper
22,729.90
Gravita India
5,115.02
Bharat Wire Rop
1,819.10
Ram Ratna Wires
1,107.26
Recent Developments
SEBI Order: Vedanta Ltd. has been ordered by SEBI to pay ₹78 crores to Cairn UK over a delayed dividend payment issue, leading to a 7% drop in the stock price.
Debt Reduction: Vedanta Resources aims to reduce its outstanding debt by $3 billion over the next three years.
Women’s Empowerment Initiative: Launched #TheFutureOfMetal campaign on Women’s Day to encourage women to join the metals and mining sector.
EBIDTA Goals: Vedanta Group aims for an EBIDTA of $6 billion in the next financial year and $7-7.5 billion the following year.
No, Vedanta Limited is not government-owned; it is a public company with significant promoter and institutional holdings.
Conclusion
Vedanta Limited’s share price is projected to steadily increase over the next several years, reflecting the company’s strategic initiatives and market conditions. Investors should consider the broader economic and industry-specific trends when making investment decisions. Regular monitoring of financial reports and market news related to Vedanta is recommended for a well-informed investment strategy.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. The stock market carries inherent risks, and it is crucial to perform your own research or consult with a certified financial advisor before making any investment decisions.
