Asia300

Vedanta Ltd.

India

  • 1m
  • 3m
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  • 1y
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Jul 27, 2017
Prev close: 280
Jul 27, 2017
Market cap:
Market cap(USD):
1,040.81B
16,236.08M
Shares: 3,717.19M

Currency in INR

Company profile

Market(Ticker): BOM(500295)
Sector:
Industry:
Non-Energy Minerals
Other Metals/Minerals
Full time employees: 29,080

Business summary

Vedanta Ltd. is a a diversified natural resource company, which engages in the exploration, extraction, and processing of minerals, oil, and gas. The firm operates through the following business segments: Zinc India; Zinc International; Oil and Gas; Iron Ore; Copper; Aluminium; Power; and Othesr. The Zinc India segment covers production of zinc ore to zinc metal. The Zinc International segment consists of Skorpion mine and refinery in Namibia; and Black Mountain mine in South Africa. The Oil and Gas segment operates and owns Cairn India and its subsidiaries. The Iron Ore segment explores, mines, and processes iron ore. The Copper segment involves custom smelting. The Aluminium segment engages in the operation of businesses in Chhattisgarh and Odisha. The Power segment includes the operation of multiple power plants. The Others segment involves other activities. Its products includes oil, gas, zinc, lead, silver copper, iron ore, aluminium, and commercial power. The company was founded by Anil Kumar Agarwal on June 25, 1965 and is headquartered in Panaji, India.

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.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 700,135.7M
Gross profit 186,848.7M
Operating income 152,073.9M
Income before tax 136,515.7M
Net income 55,122.1M
EBITDA 215,097.1M
Diluted EPS 18.59
Dividends per share 19.45
Total assets 1,990.29B
Total liabilities 1,204.43B
Total equity 605,001.1M
Operating cash flow 129,720.4M

Currency in INR

Revenue 10,440.89M
Gross profit 2,786.41M
Operating income 2,267.82M
Income before tax 2,035.81M
Net income 822.01M
EBITDA 3,207.67M
Diluted EPS 0.27
Dividends per share 0.29
Total assets 30,650.58M
Total liabilities 18,548.26M
Total equity 9,317.02M
Operating cash flow 1,934.47M

Currency in USD

Valuation measures

Mar 2017

PER 14.76
ROA 2.79%
ROE 10.54%
Operating margin 21.72%
Profit margin 7.87%

Key executive

  • Chief Executive Officer & Executive Director: Tom Albanese
  • Finance Director & Executive Director: Tarun Jain
  • Chief Financial Officer & Director: Arun Kumar
  • Secretary & Compliance Officer: Bhumika Sood
  • Senior Vice President & Group Head-Treasury: Rashmi Mohanty

Share holders

  • Vedanta Resources Plc(47.4%)
  • Life Insurance Corp. of India(7.2%)
  • The Vanguard Group, Inc.(1.4%)
  • Franklin Templeton Asset Management (India) Pvt Ltd.(1.4%)
  • HDFC Asset Management Co. Ltd.(1.3%)
  • Birla Sun Life Asset Management Co. Ltd.(1.2%)
  • BlackRock Fund Advisors(1.1%)
  • SHALIKA BHADRAM JANHIT(1.1%)
  • APG Asset Management NV(0.8%)
  • Dimensional Fund Advisors LP(0.7%)

Address

  • Website: http://www.vedantalimited.com
  • Address: Sesa Ghor, 20 EDC Complex, Panaji, 403001, India
  • Phone: +91.83.22460601

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