Stock Name : Vedanta Limited/Tips Open Buy : 136.95 Posted Date : Oct 3, 2020
Stopless/Horizon : 110 Target : 156.95 Results Achieved (Yes/No) :

Overview: Vedanta Limited is one of the world’s leading diversified natural resources company with interests in zinc-lead-silver, Iron ore, Steel, Copper, Aluminium, Power, Oil and Gas. Vedanta limited was incorporated in 1965, it is a Large Cap company with a market capital of Rs 50944.18 Crore.

About the company: Vedanta Limited is the Indian subsidiary of London listed, Vedanta Resources Plc. The company’s operations span across India, South Africa, Namibia, Ireland and Australia.

Vedanta’s businesses span across zinc, lead, silver, aluminium, oil and gas, iron ore, power, and steel. The group is among the largest producers in all these segments, commanding a strong market position in India.

Aluminium is Vedanta Limited’s key product asit contributed Rs 21000.00 Crore to Sales Value (54.34 % of Total Sales)for the year ending 31-Mar-2019.Following Oil & Gas contributed Rs 7104.00 Crore to Sales Value (18.38 % of Total Sales), Copper contributed Rs 6833.00 Crore to Sales Value (17.68 % of Total Sales), Iron Ore contributed Rs 2909.00 Crore to Sales Value (7.52 % of Total Sales) for the same period.

Production in the zinc and oil and gas businesses has improved, although slower than expected.

Subsidiaries:Vedanta has several wholly-owned and overseas subsidiaries and has managing skate in few companies as well. Vedanta Limited’s subsidiaries include: Bharat Aluminium Company, Lanjigarh Alumina Refinery, Hindustan Zinc, Sterlite Copper, Cairn India, Electrosteel Steels, Talwandi Sabo Power Limited, Sesa Goa Iron Ore, Gamsberg, Black Mountain Mining, Skorpion Zinc.

Management: Mr. Sunil Duggal is the CEO and Mr. Anil Agarwal is the Chairman.

Shareholding Pattern (As on June 2020):
• Promoters (Foreign): 50.13
• Foreign Institutions: 15.00
• NBFC and Mutual Funds : 11.32
• Others: 8.02
• General Public: 7.41
• Financial Institutions: 7.74
• GDR: 0.37

Dividend: Vedanta declared an equity dividend of 390.00% amounting to Rs 3.9 per share for the year ending March 2020.

Sales Report:For the quarter ended on 31st March of 2020, Vedanta limited reported a consolidated sale of Rs 19513.00 Crore, which is down by -7.64 % from last quarter sales of Rs 21126.00 Crore and down by -15.50 % from correspondingyear’s same quarter sales of Rs 23092.00 Crore.

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