Is Vedanta in debt? (2024)

Is Vedanta in debt?


Anil Agarwal (born 1953 or 1954), known professionally as "metal king," is an Indian billionaire businessman who is the founder and chairman of Vedanta Resources Limited. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business. › wiki › Anil_Agarwal_(industrialist)
has renamed Volcan Investments Ltd. to Vedanta
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha. › wiki › Vedanta_Limited
Inc. It is this acquisition spree that led the conglomerate's debt to balloon. Vedanta Resources' total debt stood at $6.4 billion at the end of June.

Is Vedanta profitable?

Vedanta Q3 earnings: Net profit fell to Rs 2,868 crore in the December 2023 quarter against Rs 3,092 crore in the December 2022 quarter. Vedanta shares ended 0.40% higher at Rs 263.55 on BSE. Market cap of the firm stood at Rs 97,966 crore. Profit after tax before exceptional items zoomed 8% YoY to Rs 2,868 crore.

What is the financial position of Vedanta?

Balance Sheet of Vedanta (in Rs. Cr.)Mar 23Mar 21
Fixed Assets53,506.0048,950.00
Non-Current Investments59,872.0060,887.00
Deferred Tax Assets [Net]5,295.00333.00
Long Term Loans And Advances126.00180.00
61 more rows

What is the target price for Vedanta?

For now, the brokerage has reiterated its 'BUY' rating on the Vedanta stock with a revised target price of Rs 394 from Rs 371 earlier. After successful bonds restructuring by parent VRL in January, the parent's net debt is expected to reduce to $6.2 billion by end-FY24.

What is the target price of Vedanta share in 2025?

The initial price target for Vedanta Ltd in 2025 is projected to be ₹330.4. With favorable market conditions, the mid-year price target for Vedanta Ltd could reach ₹328.12. By the end of 2025, the price target for Vedanta Ltd is expected to potentially reach ₹328.12, considering bullish market trends.

Is it safe to invest in Vedanta?

Vedanta has TTM P/E ratio 8.50 as compared to the sector P/E of 13.71.There are 12 analysts who have initiated coverage on Vedanta. There are 4 analysts who have given it a strong buy rating & 2 analysts have given it a buy rating. 0 analysts have given the stock a sell rating.

Is Vedanta debt free?

The Group has $1.2 billion debt due by the second half of 2022-23, $4.1 billion by 2023-24, $3.9 billion by 2024-25, and $4.7 billion by 2025-26 and beyond. The group's debt is divided into two parts: Vedanta Resources has about $8 billion and the remaining $7 billion-plus is for Vedanta Ltd.

What is total debt on Vedanta?

Vedanta has a total shareholder equity of ₹419.9B and total debt of ₹750.6B, which brings its debt-to-equity ratio to 178.8%. Its total assets and total liabilities are ₹1,935.7B and ₹1,515.9B respectively. Vedanta's EBIT is ₹258.8B making its interest coverage ratio 4.3.

Is Vedanta in profit or loss?

Mining major Vedanta Ltd reported a net loss of Rs 1,783 crore in the quarter ended September, according to an exchange filing on Saturday. The consolidated revenue from operations rose 6.3 per cent year-on-year (YoY) to Rs 38,945 crore.

What is the salary of Vedanta CEO in India?

Vedanta Resources CEO salary in India ranges between ₹ 90.9 Lakhs to ₹ 116.2 Lakhs.

Is Vedanta going to have a future?

Future Growth

Vedanta is forecast to grow earnings and revenue by 36.1% and 3.7% per annum respectively. EPS is expected to grow by 40.4% per annum. Return on equity is forecast to be 31.9% in 3 years.

Is Vedanta Ltd a buy or sell?

According to analyst recommendations, Vedanta Ltd has a “Buy” rating for the long term.

Which company did Vedanta buy?

In 2011, Vedanta acquired 58.5% controlling stake in Cairn India, India's largest private sector oil & gas company and in 2013, Sterlite Industries and Sesa Goa announced a merger. The merger took place in August 2013 and the consolidated group was then called Sesa Sterlite Ltd (now Vedanta Limited).

Why Vedanta profit is falling?

Mining major Vedanta Ltd on January 25 posted an 18 percent fall in its net profit at Rs 2,013 crore for the third quarter of 2023-24, due to higher finance and raw materials cost amid muted sales.

Why Vedanta share price is low?

"The downgrade reflects elevated risk of debt restructuring over the next few months, because Vedanta Resources Ltd. has not made any meaningful progress on refinancing its upcoming debt maturities, particularly the $1 billion bonds that mature in January 2024 and August 2024," Kaustubh Chaubal, a Moody's Senior Vice ...

What is the price of Vedanta in 2040?

Vedanta share price target 2040

The share price of Vedanta is expected to rise to around 2100 in 2040, generating enormous profits for the company's shareholders. This is achievable due to the ability of the company to sustain long-term, consistent growth in its business.

Is Vedanta worth buying?

No doubt Vedanta Ltd gives very good dividend as well as it's growth also good. I purchased Vedanta in the price range 210–220.

Is Vedanta overvalued?

Is VEDL stock undervalued or overvalued? Compared to the current market price of 264.15 INR, Vedanta Ltd is Undervalued by 33%.

Why is Vedanta paying so much dividend?

The sharp rise in dividend payments have been seen amid concerns over persisting delays in the refinancing of Vedanta parent Vedanta Resources' (VRL) debt, which are due to mature in coming months. The Vedanta stock is down 17.56 per cent year-to-date.

Why is Vedanta in debt?

bought out minority investors as part of efforts to streamline the group's structure. Agarwal has renamed Volcan Investments Ltd. to Vedanta Inc. It is this acquisition spree that led the conglomerate's debt to balloon. Vedanta Resources' total debt stood at $6.4 billion at the end of June.

Can Vedanta pay debt?

Billionaire Anil Agarwal's Vedanta Resources last year proposed restructuring , opens new tab four series of bonds, including two due for maturity in 2024, one in 2025 and another in 2026, to ease its massive debt burden.

Is Vedanta a loss making company?

MUMBAI - Vedanta slipped into the red in the quarter ended September 2023 as the mining major reported a consolidated net loss of Rs 1,783 crore, against a profit of Rs 1,808 crore a year ago, and Rs 2,640 crore a quarter ago.

How much dividend Vedanta will pay?

Basic Materials stocks do not always pay a dividend but as Vedanta Ltd pays dividends to reward its shareholders. In the quarter ending September 2023, Vedanta Ltd has declared dividend of ₹11 - translating a dividend yield of 23.29%.

What is the highest dividend of Vedanta?

Vedanta Ltd.

For the year ending March 2023 Vedanta has declared an equity dividend of 10150.00% amounting to Rs 101.5 per share. At the current share price of Rs 268.35 this results in a dividend yield of 37.82%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

How big is Vedanta?

Vedanta Limited
Company typePublic
Net income₹14,506 crore (US$1.8 billion) (2023)
Total assets₹196,356 crore (US$25 billion) (2023)
Total equity₹49,427 crore (US$6.2 billion) (2023)
Number of employees1,50,000(2022) direct and indirect
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