Vedanta Limited is a leading global conglomerate operating in India, South Africa, Liberia, and Namibia. With 20 years of growth, it contributes 65% of its revenues from India, 9% from Malaysia, 3% from China, 1% from the UAE, and 22% from other regions. The company’s diversified portfolio covers 10 sectors, including Oil and gas, Zinc-Lead-Silver, Aluminium, Iron Ore, Steel, Copper, Ferro Alloys, Power, Nickel, Semiconductor, and Glass.
Committed to sustainability, Vedanta pledges $5 billion over 10 years to achieve net-zero carbon emissions by 2050 or sooner, while maintaining top-notch governance, safety, and social responsibility standards. Listed on BSE and NSE, it strives for long-term stakeholder value.
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Vedanta Q3 2023-24 Financial Performance Highlights
- Vedanta Ltd witnessed an 18% YoY decline in net profit during Q3 FY 2023-24, totaling Rs 2,013 crore.
- This marked a notable shift from the Rs 2,464 crore profit reported in the same quarter of the previous year and a recovery from a Rs 1,783 crore loss in Q2 FY24.
- Revenue from operations showed a 3.8% YoY increase to Rs 34,968 crore but experienced a sequential decline of 9%.
- Consolidated quarterly EBITDA demonstrated positive momentum, reaching Rs 8,677 crore, with a 21% QoQ increase and a 22% YoY rise.
- Finance costs rose over 50% to Rs 2,417 crore, attributed to higher borrowing costs and debt refinance expenses influenced by global macroeconomic factors.
- Vedanta achieved a 7% YoY growth in mined metal production and a significant 22% YoY increase in saleable silver output during Q3.
- The company proudly announced achieving its “highest-ever” production levels in the initial nine months of the fiscal year.
- Debt restructuring of $3.2 billion occurred in Q3, receiving approval from over 97% of bondholders, and as of December 31, 2023, net debt stood at Rs 62,493 crore.
- Despite challenges, Vedanta strategically leveraged strong domestic demand within a subdued pricing environment, emphasizing cost compression and impressive production ramp-up.
- Successfully securing $1.25 billion from private credit lenders on December 14, 2023, Vedanta aims at debt refinancing and establishing a new credit facility for a sustainable long-term capital structure.
- The company expresses confidence in its strategic measures and overall performance, acknowledging the complexities of the global economic landscape.
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- Zerodha (Most recommended)
- Olymp Trade
- ICICI Direct
- Groww
- AngelOne
| When | Maximum Price | Minimum Price |
| January 2024 | 285.12 | 247.93 |
| February 2024 | 290.94 | 252.99 |
| March 2024 | 296.88 | 258.15 |
| April 2024 | 288.23 | 250.63 |
| May 2024 | 283.97 | 246.93 |
| June 2024 | 294.19 | 255.82 |
| July 2024 | 291.25 | 253.26 |
| August 2024 | 302.90 | 263.39 |
| September 2024 | 315.02 | 273.93 |
| October 2024 | 308.84 | 268.56 |
| November 2024 | 318.11 | 276.61 |
| December 2024 | 326.06 | 283.53 |
As of January 25, 2024, Vedanta’s share price stands at ₹264. The projected share price targets for 2024 indicate a potential uptrend, with the minimum and maximum prices ranging from ₹247.93 to ₹326.06 in December.
Notably, the current price reflects a deviation from the projected high of ₹338 and low of ₹208. With a stock P/E of 19.7, book value at ₹85.0, and robust financial metrics including a 38.5% dividend yield, 21.2% ROCE, and 20.4% ROE, Vedanta’s market performance appears dynamic in the coming months, providing investors with potential opportunities.
| When | Maximum Price | Minimum Price |
| January 2025 | 332.58 | 255.83 |
| February 2025 | 341.11 | 262.39 |
| March 2025 | 354.41 | 272.62 |
| April 2025 | 347.46 | 267.28 |
| May 2025 | 337.34 | 259.49 |
| June 2025 | 352.52 | 271.17 |
| July 2025 | 345.61 | 265.85 |
| August 2025 | 356.30 | 274.08 |
| September 2025 | 368.77 | 283.67 |
| October 2025 | 378.36 | 291.04 |
| November 2025 | 387.81 | 298.32 |
| December 2025 | 397.51 | 305.78 |
In 2025, Vedanta’s share price targets suggest a potential upward trajectory, with projections ranging from a minimum of ₹255.83 in January to a maximum of ₹397.51 in December. This forecast indicates a favorable outlook, providing investors with expectations of positive market performance and potential growth opportunities throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 409.44 | 314.95 |
| February 2026 | 419.93 | 323.03 |
| March 2026 | 436.31 | 335.62 |
| April 2026 | 427.76 | 329.04 |
| May 2026 | 415.30 | 319.46 |
| June 2026 | 433.99 | 333.84 |
| July 2026 | 425.48 | 327.29 |
| August 2026 | 438.64 | 337.41 |
| September 2026 | 453.99 | 349.22 |
| October 2026 | 465.79 | 358.30 |
| November 2026 | 477.44 | 367.26 |
| December 2026 | 489.37 | 376.44 |
In 2026, Vedanta’s share price targets continue to showcase a positive trend, with anticipated fluctuations ranging from a minimum of ₹314.95 in January to a maximum of ₹489.37 in December. These projections suggest a favorable outlook, presenting potential growth opportunities for investors throughout the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 499.16 | 383.97 |
| February 2027 | 511.96 | 393.81 |
| March 2027 | 531.92 | 409.17 |
| April 2027 | 521.49 | 401.15 |
| May 2027 | 506.31 | 389.47 |
| June 2027 | 529.09 | 406.99 |
| July 2027 | 518.71 | 399.01 |
| August 2027 | 534.76 | 411.35 |
| September 2027 | 553.47 | 425.75 |
| October 2027 | 567.86 | 436.82 |
| November 2027 | 582.06 | 447.74 |
| December 2027 | 596.61 | 458.93 |
| When | Maximum Price | Minimum Price |
| January 2028 | 608.54 | 468.11 |
| February 2028 | 624.15 | 480.11 |
| March 2028 | 648.49 | 498.84 |
| April 2028 | 635.77 | 489.06 |
| May 2028 | 617.26 | 474.81 |
| June 2028 | 645.03 | 496.18 |
| July 2028 | 632.39 | 486.45 |
| August 2028 | 651.94 | 501.50 |
| September 2028 | 674.76 | 519.05 |
| October 2028 | 692.31 | 532.54 |
| November 2028 | 709.61 | 545.86 |
| December 2028 | 727.35 | 559.50 |
| When | Maximum Price | Minimum Price |
| January 2029 | 741.90 | 570.69 |
| February 2029 | 760.92 | 585.33 |
| March 2029 | 790.60 | 608.15 |
| April 2029 | 775.10 | 596.23 |
| May 2029 | 752.52 | 578.86 |
| June 2029 | 786.39 | 604.91 |
| July 2029 | 770.97 | 593.05 |
| August 2029 | 794.81 | 611.39 |
| September 2029 | 822.63 | 632.79 |
| October 2029 | 844.02 | 649.24 |
| November 2029 | 865.12 | 665.48 |
| December 2029 | 886.75 | 682.11 |
| When | Maximum Price | Minimum Price |
| January 2030 | 904.48 | 695.76 |
| February 2030 | 927.67 | 713.59 |
| March 2030 | 963.85 | 741.43 |
| April 2030 | 944.95 | 726.89 |
| May 2030 | 917.43 | 705.72 |
| June 2030 | 958.72 | 737.47 |
| July 2030 | 939.92 | 723.01 |
| August 2030 | 968.99 | 745.37 |
| September 2030 | 1,002.90 | 771.46 |
| October 2030 | 1,028.98 | 791.52 |
| November 2030 | 1,054.70 | 811.31 |
| December 2030 | 1,081.07 | 831.59 |
Vedanta Financial Condition: Last Five Years
| Narration | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales | 92,048 | 84,447 | 88,021 | 132,732 | 147,308 |
| Expenses | 68,877 | 63,704 | 60,703 | 87,908 | 112,877 |
| Operating Profit | 23,171 | 20,743 | 27,318 | 44,824 | 34,431 |
| OPM % | 25% | 25% | 31% | 34% | 23% |
| Other Income | 4,270 | -14,932 | 2,743 | 1,832 | 2,625 |
| Interest | 5,689 | 4,977 | 5,210 | 4,797 | 6,225 |
| Depreciation | 8,192 | 9,093 | 7,638 | 8,895 | 10,555 |
| Profit before tax | 13,560 | -8,259 | 17,213 | 32,964 | 20,276 |
| Tax % | 28% | 43% | 13% | 28% | 28% |
| Net Profit | 9,698 | -4,744 | 15,032 | 23,710 | 14,503 |
| EPS in Rs | 19.01 | -17.93 | 31.21 | 50.58 | 28.45 |
| Dividend Payout % | 99% | -22% | 30% | 89% | 357% |
The financial data for Vedanta over the years 2019 to 2023 presents a mixed performance for the company.
Sales experienced fluctuations, reaching a peak of 147,308 Crores in 2023 after a slight dip in 2019 to 2021. Sales mostly went up in the last 2 years.
The company’s expenses also varied but generally remained below sales figures. Operating profit demonstrated growth over the years, reaching 44,824 Crores in 2022, but experienced a decline in 2023.
The Operating Profit Margin (OPM) remained relatively stable, hovering around 25% to 34%. Other Income showed significant volatility, with a major drop in 2020 but a recovery in the subsequent years. Interest expenses and Depreciation remained relatively consistent over the years.
Profit before tax had its challenges, experiencing a loss in 2020 but rebounding in the following years. Net profit showcased fluctuations but generally displayed a positive trend. However, investors should be cautious of the fluctuating dividend payout percentage, which peaked at 357% in 2023.
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FAQs
How much money does Vedanta’s market capitalization total?
The market capitalization of the outstanding shares of a publicly traded firm, commonly referred to as the “market cap,” is what determines its market value. Vedanta’s market worth as of January 25th, 2024, is ₹ 97,986 Cr.
In 2024, what do you predict the share price of Vedanta will be?
The pricing objectives of Vedanta are broken down into two ranges: the lowest is ₹247.93 and the maximum is ₹326.06 for the year 2024.
What is the Vedanta Share Price Target for 2025?
Vedanta’s price targets for 2025 are ₹397.51 and ₹255.83 respectively, with the former being the highest and the latter being the lowest.
What will Vedanta’s share price be in 2030?
The target prices set by Vedanta for 2030 range from ₹1,081.07 to ₹695.76 with ₹1,081.07 being the highest.
In conclusion, Vedanta Limited stands as a resilient global conglomerate, weathering challenges and steering toward sustainability and growth. Despite a setback in Q3 FY 2023-24, the company strategically addresses concerns through debt restructuring and cost compression, backed by a $1.25 billion infusion. The ambitious $5 billion commitment to net-zero carbon emissions by 2050 aligns with Vedanta’s dedication to sustainability. Share price targets for 2024-2030 depict an optimistic trajectory, signaling growth potential for investors. However, vigilance is advised considering fluctuations in dividend payouts. Vedanta’s financial landscape reflects resilience, with sales rebounding and consistent operating margins. As Vedanta charts its course, the commitment to sustainability and strategic objectives positions it for sustained growth and value creation for stakeholders.
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