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Non-Energy Minerals

Sesa Sterlite Ltd.

  • 306.00 INR
  • -2.40
  • -0.78%
  • India
    Apr 20, 2018
  • Ticker
    BOM(500295)
  • Prev. close
    308.40
  • Market cap (INR)
    1,146.38B
  • Market cap (USD)
    17,359.90M
  • Shares
    3,717.19M

Company Background

Vedanta, formerly called Sesa Sterlite, is an Indian natural resources company that focuses on iron ore and non ferrous metals such as aluminum and copper. It is an Indian subsidiary of mining conglomerate Vedanta Resources which is headquartered in London.

Vedanta is the parent company of several listed Indian subsidiaries, including oil and gas unit Cairn India and Hindustan Zinc, which specializes in zinc operations. The company is engaged in the exploration of a wide range of minerals in India, and also has iron ore and zinc operations in Africa.

The Vedanta group has achieved tremendous success under the leadership of Anil Agarwal, the founder of the group and chairman emeritus of Vedanta. Since its entry into the copper market in 1979, Vedanta group has gradually expanded its operations. In 2002, the group bought the Indian government's shares in Hindustan Zinc, bringing the zinc producer under its umbrella. It acquired major iron ore miner Sesa Goa in 2007. These acquisitions have helped the group grow into India's largest natural resources major. In 2003, Vedanta Resources was listed on the London Stock Exchange. It supervises the management of its major Indian subsidiaries, such as Vedanta.

Navin Agarwal, Anil's brother, is chairman of Vedanta. In April 2015, former Sesa Sterlite renamed to Vedanta to enhance the group's brand identity.

Business Summary

Vedanta Ltd. is a diversified natural resource company, which engages in the exploration, extraction, and processing of minerals, oil, and gas. It operates through the following segments: Copper, Aluminum, Iron Ore, Power, Zinc India, Zinc International, Oil and Gas, and Other. The Copper segment engages in custom smelting and includes a copper smelter, a refinery, a phosphoric acid plant, a sulphuric acid plant, a copper rod plant and three captive power plants. The Aluminium segment engages in the operation of businesses in Chhattisgarh and Odisha. The Iron Ore segment explores, mines, and processes iron ore. The Power segment includes the operation of multiple power plants. The Zinc India segment operations include five lead-zinc mines, one rock phosphate mine, four hydrometallurgical zinc smelters, two lead smelters, one pyro metallurgical lead-zinc smelter, six sulphuric acid plants, a silver refinery and six captive power plants in State of Rajasthan in Northwest India and one zinc ingot melting and casting plant at Haridwar and one silver refinery, one zinc ingot melting and casting plant and one lead ingot melting and casting plant at Pantnagar in the State of Uttarakhand in North India. The Zinc International segment comprises Skorpion mine and refinery in Namibia. The Oil and Gas segment operates and owns Cairn India and its subsidiaries. The company was founded by Anil Kumar Agarwal on June 25, 1965 and is headquartered in Panaji, India.

Financial Highlights

Mar 2017 INRUSD
Revenue700,135.70M10,440.89M
Gross Profit186,848.70M2,786.41M
Operating income152,073.90M2,267.82M
Income before tax136,515.70M2,035.81M
Net income55,122.10M822.01M
EBITDA215,097.10M3,207.67M
Diluted EPS18.590.27
Dividends Per Share19.450.29
Total Assets1,990.29B30,650.58M
Total liabilities1,204.43B18,548.26M
Total equity605,001.10M9,317.02M
Operating cash flow129,720.40M1,934.47M
Currency in INRCurrency in USD

Historical Data

 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 25,544.20M 643,721.20M 701,923.10M 613,025.50M 700,135.70M
Gross Profit 9,294.50M 174,867.70M 190,586.50M 98,767.80M 186,848.70M
Operating income 3,185.30M 138,595.10M 154,978.30M 66,103.90M 152,073.90M
Income before tax -1,739.70M 94,925.30M -99,251.20M -285,401.70M 136,515.70M
Net income 22,802.50M 62,985.10M -156,457.70M -122,704.70M 55,122.10M
EBITDA 5,159.90M 207,418.30M 226,569.90M 151,828.30M 215,097.10M
Diluted EPS 26.24 21.46 -52.77 -41.38 18.59
Dividends Per Share 0.10 3.25 4.10 3.50 19.45
Total Assets 230,020.30M 2,141.43B 1,902.82B 1,952.31B 1,990.29B
Total liabilities 55,266.30M 1,073.37B 1,008.77B 1,104.35B 1,204.43B
Total equity 174,754M 730,086.60M 538,752.70M 440,391.70M 605,001.10M
Operating cash flow -136M 125,315.40M 130,741.40M 156,350.50M 129,720.40M
 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 469.34M 10,651.59M 11,479.93M 9,363.33M 10,440.89M
Gross Profit 170.77M 2,893.51M 3,117.03M 1,508.57M 2,786.41M
Operating income 58.52M 2,293.32M 2,534.66M 1,009.66M 2,267.82M
Income before tax -31.96M 1,570.72M -1,623.25M -4,359.21M 2,035.81M
Net income 418.96M 1,042.20M -2,558.86M -1,874.18M 822.01M
EBITDA 94.80M 3,432.13M 3,705.54M 2,319.02M 3,207.67M
Diluted EPS 0.48 0.35 -0.86 -0.63 0.27
Dividends Per Share 0.00 0.05 0.06 0.05 0.29
Total Assets 4,232.20M 35,856.43M 30,405.65M 29,481.08M 30,650.58M
Total liabilities 1,016.85M 17,972.70M 16,119.43M 16,676.45M 18,548.26M
Total equity 3,215.34M 12,224.64M 8,608.85M 6,650.18M 9,317.02M
Operating cash flow -2.49M 2,073.58M 2,138.27M 2,388.09M 1,934.47M

Valuation Measures

Mar 2017
PER14.76
ROA2.79%
ROE10.54%
Operating margin21.72%
Profit margin7.87%

Key executives

  • Chief Executive Officer: Kuldip Kumar Kaura
  • Finance Director & Executive Director: Tarun Jain
  • Chief Financial Officer & Director: G. R. Arun Kumar
  • Secretary & Compliance Officer: Bhumika Sood
  • Senior Vice President & Group Head-Treasury: Rashmi Mohanty

Shareholders

  • Vedanta Resources Plc (50.1%)
  • Life Insurance Corp. of India (6.5%)
  • Cairn Energy Plc (4.9%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.7%)
  • The Vanguard Group, Inc. (1.5%)
  • BlackRock Fund Advisors (1.2%)
  • Aditya Birla Sun Life AMC Ltd. (1.2%)
  • Ptc Cables Pvt Ltd. (1.1%)
  • Dimensional Fund Advisors LP (0.9%)
  • ICICI Prudential Asset Management Co. Ltd. (0.5%)

Contact Details

Related Companies

  • Sterlite Infraventures Ltd.
  • Phillips Carbon Black Ltd
  • Hindustan Zinc Limited

Competitors

  • Hindalco Industries Limited
  • Rio Tinto Limited
  • Rio Tinto plc
  • BHP Billiton Limited
  • BHP Billiton Plc
  • National Aluminium Co. Ltd.
  • Vale S.A.
  • Hindustan Copper Ltd
  • NMDC Limited
  • Oil & Natural Gas Corp. Ltd.
  • Arconic, Inc.
  • Fortescue Metals Group Ltd
  • Reliance Industries Limited
  • Trevali Mining Corporation
Last Updated on 20 Apr, 2018

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