Vedanta is an Indian multinational mining company which is founded in 1979 based in Mumbai, India. Vedanta main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha. In the 1980s, D.P. Agarwal started a company called Sterlite Industries (India) Limited in Mumbai. He began buying mining rights in different parts of India. Soon after, his two sons, Navin Agarwal and Anil Agarwal, joined him in running the business. In 1992, they set up a holding company called Volcan Investments in Nassau, Bahamas, to manage their mining assets.
Current Price of Vedanta Share :-
Category
Price
Today’s High
₹ 525
Today’s Low
₹ 498.50
52 Week High
₹ 523.65
52 Week Low
₹ 243.65
Current Fundamentals of Vedanta Share :-
Metric
Value
Market Cap
₹ 2,03,633.46 Cr.
Enterprise Value
₹ 2,74,262.46 Cr.
No. of Shares
391.04 Cr.
P/E
17.96
P/B
5.43
Face Value
₹ 1
Dividend Yield
5.67 %
Book Value (TTM)
₹ 95.87
Cash
₹ 9,254 Cr.
Debt
₹ 79,883 Cr.
Promoter Holding
56.38 %
EPS (TTM)
₹ 29
Sales Growth
-2.43 %
ROE
21.61 %
ROCE
25.20 %
Profit Growth
-48.04 %
Target in Vedanta Share for 2025-2030 :-
Year
Target
2025
620
2026
680
2027
780
2028
920
2029
950
2030
1050
Shareholding of Vedanta Share :-
Category
Sep 2024
Jul 2024
Jun 2024
Promoter
56.4%
56.4%
59.3%
FII
11.5%
12.6%
10.2%
DII
16.5%
15.9%
14.9%
Public
15.5%
14.9%
15.4%
Others
0.2%
0.2%
0.2%
Vedanta Share is a metals and mining company working on several major projects :
Gamsberg Phase 2: This project will be fully operational by FY2025.
Skorpion Refinery Conversion: This project will be completed by FY2025.
Gergarub Mining and Concentrator Plant: The plant is expected to start production by FY2025.
Gamsberg Smelter: The first production from this smelter will begin in FY2026.
Iron Ore Phase 2: A new plant will be built to process 2 million tons of current tailings (waste material from mining).
Jharsuguda Smelter: Vedanta has signed a five-year deal with GAIL Gas to secure natural gas supplies.
Hindustan Zinc: The company is investing Rs 30,000 crore to double its zinc production, increase silver output, and build a fertilizer plant.
AvanStrate Inc: Vedanta is investing almost USD 500 million to enhance research, development, and manufacturing capabilities at AvanStrate Inc.
Vedanta has big plans for the future, including:-
Capacity Expansion:
Vedanta is increasing its refinery capacity at Lanjigarh, which will be ready by the end of FY2025.
They are also expanding the Balco smelter, increasing production of rolled products, and opening three new coal mines.
Demerger:
Vedanta plans to split into five separate companies. Shareholders will receive one share in each new company for every share they hold in Vedanta. This will be completed by the end of the first quarter of FY2025.
Investment in AvanStrate:
Vedanta plans to invest around $550 million in AvanStrate Inc., a company known for advanced manufacturing.
Investment in Rajasthan:
Vedanta will invest ₹1 lakh crore in Rajasthan to boost zinc and oil production and create 500,000 new jobs.
Industrial Park:
Vedanta plans to develop a new industrial park with investment opportunities ranging from ₹5 crore to ₹50 crore.
Housing:
Vedanta plans to build 25,000 houses over the next two years.
Debt Reduction:
Vedanta aims to lower its debt-to-operating profit ratio to less than 1 in the next two years.
