Vedanta share rate

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• Home • Karnataka Election 2023 • Budget 2023 • Market • Stock Stats • Top Gainers • Top Losers • Indices • Nifty 50 • Sensex • CaFE Invest • Commodities • IPO NEWS • Investing Abroad • IPOs • Economy • Tech • Auto • SME • Mobility • Industry • Banking & Finance • Education • Money • Insurance • Income Tax • Mutual Funds • Blockchain • Infrastructure • Railways • Aviation • Roadways • India • Defence • Lifestyle • Travel & Tourism • Health • Science • Healthcare • Brand Wagon • Entertainment • Events • Jobs • Sports • IPL 2023 • Multimedia • Photos • Videos • Audio • Web Stories • Auto Web Stories • Infographics • ePaper • Today’s Paper • From The Print • International • Edits & Columns • Opinion • FE 360 • Politics • Economy • Personal Finance Print • Front Page • FE Insight • Fe@Campus • archive VRL has $1.7 billion of short-term investments in various bank deposits, quoted bonds and mutual funds as of March 31, 2023, which it could liquidate if the need arises. VRL has $1.7 billion of short-term investments in various bank deposits, quoted bonds and mutual funds as of March 31, 2023, which it could liquidate if the need arises. Patanjali Foods aims Rs 5K crore profit at EBIDTA level; sees huge growth potential in FMCG business The funding channels include stake pledging, dividend upstreaming, domestic bond private placement of up to Rs 2,100 crore ($255 million) recently approved, it said. The $1.3-billion fundraising efforts are expected to provide “greater” financial...

Vedanta share price soared nearly 3% on Tuesday morning to hit a fresh 52-week high as the mining major extended its year-to-date gains to more than 13%. In a recent analyst meeting, the company’s management shed light on its debt reduction plans at the parent level and said that they remain upbeat on demand for metals and minerals on the back of a surge in demand for EVs and renewable energy. Analysts see further upside in Vedanta’s share price while advising investors to buy more shares of the company. Vedanta shares were trading 2.9% higher at Rs 412.75 per share on Tuesday morning. Upside potential Analysts at Systematix Institutional Equities have a ‘Buy’ rating on the stock with a target price of Rs 567 per share. “We note that Vedanta has demonstrated strong execution capabilities over the last few years. It has been in the lowest decile cost curve across businesses (except oil & gas),” they added in a note. The brokerage firm highlighted that institutional investors have steered clear of Vedanta owing to various reasons such as high debt at the promoter level, unrelated investments and the cyclical nature of its business. “We believe the investor aversion on Vedanta stock is unwarranted. Notably, Jindal Steel & Power and JSW Steel have high levels of debt at promoter entities and related party transactions, but the stocks have elicited investor participation,” they said. Logistics firm Western Carriers files IPO papers with Sebi Meanwhile, Technical analysts at Mot...

During FY2023, Vedanta’s revenue saw a meagre 3% growth to $18.14 billion as compared to $17.62 billion in FY2022. The growth could have been higher, had aluminium, copper, lead, and silver prices not fallen. The company’s consolidated operating profit slipped by 26% to $ 4.6 billion in FY2023 from $ 6.3 billion in FY2022; operating profit margin down at 29% from 40% in FY2022; return on capital employed down to 20% from 32% in FY2022; liquidity position weakening with cash and cash equivalents down at $ 2.6 billion from $ 4.4 billion in FY2022; and net debt increasing to $ 12.7 billion from $ 11.7 billion in FY2022, primarily due to dividend payment and capex outflow. The company’s net debt increased primarily due to dividend payment and capex outflow, partially offset by strong cash flow from operations and working capital release. “The macroeconomic factors and risks faced by advanced economies going into recession may pose potential challenges to metal demand," said Agarwal. While announcing the group’s lackadaisical performance, the company said its profit (attributable to equity holders) has come down to merely $ 49 million from $ 825 million in FY2022. The company’s free cash flow too has come down to $ 1.6 billion from $ 2.1 billion in FY2022, primarily due to capex payments during FY2023. Vedanta’s leverage ratio (net debt to operating profit) has worsened during FY2023 at 2.8 times as compared to 1.9 times for FY2022. The company said that during FY2023, it has i...

• The company has shown a good profit growth of 50.3404055265233% for the Past 3 years. • The company has shown a good revenue growth of 17.8656408661638% for the Past 3 years. • Company’s PEG ratio is 0.0595363804148775. • The company has an efficient Cash Conversion Cycle of -23.9249685529525 days. • The company has a good cash flow management; CFO/PAT stands at 1.08702432002879. • The company has a strong degree of Operating leverage, Average Operating leverage stands at 33.9886136823618. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 19009 17913 16998 15832 17337 Total Expenditure 13769 15016 15133 13888 14603 Operating Profit 5240 2897 1865 1944 2734 Other Income 1218 174 5889 4393 10806 Interest 868 858 1057 1197 1272 Depreciation 742 873 950 1040 816 Exceptional Items -96 0 502 487 3382 Profit Before Tax 4752 1340 6249 4587 14834 Tax 595 -334 123 -97 -38 Profit After Tax 4157 1674 6126 4684 14872 Adjusted EPS (Rs) 11.17 4.5 16.47 12.59 39.98 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 45524 38644 35858 37440 63277 Total Expenditure 39071 33179 30031 28780 45599 Operating Profit 6453 5465 5827 8660 17678 Other Income 3559 6158 2870 10948 8347 Interest 3353 3757 3328 3193 3146 Depreciation 2842 3243 3264 2519 2945 Exceptional Items 5407 324 -12568 -232 -318 Profit Before Tax 9224 4947 -10463 13664 19616 Tax 1968 -128 -3731 3161 2371...

The brokerage believes that weakness in China's export prices will dent the company, leading to an EBITDA cut by 32-34 per cent on the back of lower realizations. Tata Steel is trading at a P/B value of 0.8x, which is not below its mean of 0.7x. However, the stock may not hit 2020 levels of 0.5x, given the expectations of a stimulus from China. Hong Kong-based brokerage CLSA is bullish on select pharma counters as it believes that Indian pharma firms with global footprints are set to gain. "Companies have expanded their product offering through both organic and inorganic routes," said CLSA. It sees a gradual margin expansion, leading to an improvement in return ratios. It has initiated its coverage on It has also initiated coverage on (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. • 851.85 10:48 AM | 14 Jun 2023 31.95 (3.90%) 774.60 10:48 AM | 14 Jun 2023 17.95 (2.37%) 113.15 10:48 AM | 14 Jun 2023 2.00 (1.80%) 426.50 10:48 AM | 14 Jun 2023 5.10 (1.21%) • 820.00 10:48 AM | 14 Jun 2023 -14.35 (-1.72%) 1,473.40 10:48 AM | 14 Jun 2023 -12.80 (-0.86%) 2,932.25 10:48 AM | 14 Jun 2023 -20.20 (-0.68%) 979.55 10:48 AM | 14 Jun 2023 -6.30 (-0.64%)