The Vedanta Limited is a large-cap company belonging to the Nifty 50 group. For this reason, Vedanta share price influences the benchmark index as per the weightage.
Vedanta Share Price Graph
Vedanta Limited was incorporated in 1965 as a mining company. In 2007, Vedanta acquired 51% controlling stake in Sesa Goa Limited, a global top name in iron and copper mining. Today Vedanta Limited is a large-cap company in the mining sector.
Vedanta Limited has risen to this leading position after it took over the controlling stake of Sesa Goa. But high debt made the company balance sheet stagger at some points. Vedanta had a cash-rich subsidiary, the Cairn India Limited. On June 2016, management of the two companies made a joint statement saying that Cairn India will be merged with its parent company Vedanta Limited. This merger would help Vedanta gain access to cash-rich accounts of Cairn and help to recover Vedanta Limited’s debt-ridden state.
The record date for the swap of shares was set at April 27, 2017. Vedanta Limited made a statement on this saying “Cairn India shareholders as on said record date, who will become shareholders of Vedanta, would also receive an interim dividend of Rs 17.70 per equity share as approved by the Board of Vedanta on March 30, 2017,”. A joint statement made by the two companies also added that “this merger consolidates Vedanta’s position as one of the world’s largest diversified natural resources companies, with world-class, low-cost assets in metals and mining and oil and gas”.
It has been decided that Vedanta Limited or any of its subsidiaries will not receive any share for their holding in Cairn India. But Cairn India’s shareholders will get 1 share of Vedanta of Face Value Rs 1 for each share held in Cairn India and 7.5% of 4 nos. of redeemable preferential shares of Face Value of Rs 10 each of Vedanta Limited.
After the takeover, Vedanta Limited will have a market capitalization of $15.6 and will also have a higher percentage of free-floating shares at 49.9%.
Vedanta has been a leader and one of the top global companies. It has been awarded many awards for excellence in its sector and awards for CSR.
Vedanta share price is Rs 249.05 (as on 30.06.17, EOD) in BSE. As per the latest data, the standalone basis P/E is 08.36 versus average industry P/E of 12.08, EPS is Rs 29.78. Market cap is Rs 93,245.82 crores. The face value of a share is Rs 1.
Vedanta share price was Rs 206.80 at the end of 16 November 2018 in the National Stock Exchange. The present market cap is Rs 76834.45 crores. The earning per share or EPS is Rs 18.58 as per the average share price of the trailing 12 months data. The price over earning ratio or P/E stands at 11.13. The Book Value per share is Rs 213.62. The price over book value ratio or P/BV is 0.97. The Dividend yield is 10.24%. The 52 weeks high price is Rs 355.70 and 52 weeks low is Rs 198.25.
The quarter ending 30 September 2018 reported a sales figure of Rs 22,705.00 crores. Other operating income stands at Rs 0.00 crores. The operating profit stands at Rs 5,208.00 crores. Other income is Rs 592.00 crores. The EBITDA is Rs 5,800.00 crores. The net profit stands at Rs 1343.00 crores. The earning per share or EPS of this quarter stands at Rs 3.05.
Vedanta Ltd. is a Large Cap company operating in the Indian mining sector. It is a large-cap company having a market cap of over Rs 76 thousand crores.
Vedanta Ltd. earns its revenue primarily from the sale of minerals extracted from different mines in India and abroad. The audited financial report of the fiscal 2017 – 2018 ending 31 March 2018 shows that the company earned its revenue from Rs 37344.67 crores from the sale of minerals amounting to 96.89% of total sales value, income from job work from contributed Rs 752.65 crores or 1.95% of total sales value, income from export incentives contributed Rs 155.14 crores equivalent to 0.40% of total sales, revenue from other operating income contributed Rs 148.89 crores equivalent to 0.38% of total sales, income from sale of services contributed Rs 92.41 crores equivalent to 0.23% of total sales, sale of scraps contributed Rs 31.58 crores or 0.08% of total sales, sale of slag contributed Rs 11.96 crores equivalent to 0.03% of total sales and service charges contributed Rs 3.12 crores equivalent to 0.00% of total sales value.
For the quarter ended 30 September 2018, the company reported a consolidated sales of Rs 22705.00 crores which shows an increase of 2.25% from last quarter sales and the same increased by 5.16% from the previous year same quarter sales of Rs 21590.00 crores. The company has reported a net profit after tax of Rs 1900.00 crores in the quarter ending 30 September 2018.
The company’s top management includes Mr Anil Agarwal, Mr Aman Mehta, Mr G R Arun Kumar, Mr Navin Agarwal, Mr K Venkataramanan, Mr Ravi Kant, Mr U K Sinha, Mr Tarun Jain, Ms Priya Agarwal, Ms Lalita Gupte.
The company has S R Batliboi & Co. LLP as its auditors.
As on 30 September 2018, the company has a total of 3,717,196,639 nos of shares outstanding.
The Vedanta Share Price shareholding pattern of the company currently has different shareholders in the manner as mentioned below.
- The promoters and promoter group of the company hold 160,656 nos of shares which is equivalent to 0.00% of total shares.
- The foreign promoters hold 1,863,458,132 nos of shares or 50.13% of shares.
- The foreign institutions or FIIs hold 617,693,835 nos of shares or 16.62% of total shares.
- The NBFCs and mutual funds together hold 387,653,774 nos of shares or 10.43% of total shares.
- Other financial institutions hold 273,343,994 nos of shares amounting to 7.35% of total shares.
- General public holds 202,616,641 nos of shares which is equivalent to 5.45% of total shares.
- Others hold 363,270,805 nos or shares or 9.77% of total shares.
- In addition, a total number of 8,998,802 nos shares which are equivalent to 0.24% of total shares are subscribed to GDR.
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