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HomeINVESTMENTVedanta Big Update: Brokerage Upgraded Stock; Target Increased; Know Details

Vedanta Big Update: Brokerage Upgraded Stock; Target Increased; Know Details

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Vedanta Ltd (NSE: VEDL) share price: Vedanta stocks are back in focus. After Analyst Day, global brokerage house has upgraded Vedanta. Also, the target price has been increased. 

The brokerage says that improvement in the operational performance of the company will be important for re-rating the stock. Vedanta’s share is currently trading at about a 12 percent discount from its 52-week high.

Vedanta: Rating Upgraded, Target Raised

Global brokerage house has upgraded Vedanta’s target from Sell to Reduce. Additionally, the price target was increased from Rs 265 to 278 rupees per share. 

The share closed at Rs 262 on 28 February 2024. This stock has been flat in the last year. Whereas there has been an increase of 10 percent in 6 months. Vedanta’s 52-week high is 300.95 and the low is 208.

Vedanta: What Is The Brokerage’s Opinion?

There are many important things in the Analyst Day takeaway. EBITDA target by FY25/27 is $6bn/US$7.5bn. In FY24 it was US$5bn. 

Capacity expansion, integration, and value addition (especially in aluminum, base metals, and power) will help in achieving the EBITDA target. 

Capital allocation and corporate structure, along with deleveraging, have been a focal point in the last few years. Therefore, improvement in operational parameters will be very important for re-rating.

About Vedanta Ltd Company 

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 Ltd

Market Cap₹ 98,766 Cr.
Current Price₹ 262
52-wk High₹ 301 
52-wk Low₹ 208
Stock P/E19.8
Book Value₹ 85.0
Dividend38.1 %
ROCE21.2 %
ROE20.4 %
Face Value₹ 1.00
P/B Value3.17
OPM24.6 %
EPS₹ 12.8
Debt₹ 75,064 Cr.
Debt to Equity2.38

Vedanta Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 312₹ 395
2025₹ 440₹ 520
2026₹ 586₹ 632
2027₹ 700₹ 742
2028₹ 800₹ 841
2029₹ 890₹ 940
2030₹ 1025₹ 1124
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Vedanta Ltd Shareholding Pattern

Promoters Holding
Dec 202269.68%
Mar 202368.11%
June 202368.11%
Sept 202363.71%
Dec 202363.71%
FII Holding
Dec 20227.90%
Mar 20237.89%
June 20237.48%
Sept 20237.82%
Dec 20237.74%
DII Holding
Dec 202211.05%
Mar 202310.20%
June 20239.98%
Sept 202310.59%
Dec 202311.19%
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Govt. Holding
Dec 20220.07%
Mar 20230.07%
June 20230.07%
Sept 20230.07%
Dec 20230.07%
Public Holding
Dec 202211.07%
Mar 202313.63%
June 202314.29%
Sept 202317.74%
Dec 202317.23%
Others Holding
Dec 20220.22%
Mar 20230.11%
June 20230.08%
Sept 20230.08%
Dec 20230.06%
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Vedanta Ltd Share: Last 5 Years’ Financial Condition

To better understand 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 5 Years’ Debt-To-Equity Ratio:

20190.93
20201.08
20210.8
20220.81
20231.68

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%

Sales Growth Over 10 Years:

10 Years:49%
5 Years:10%
3 Years:20%
Current Year:-2%

Conclusion

This article is a complete guide about Vedanta Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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