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Motilal Oswal has given a neutral rating to Vedanta with a target price of Rs 148. The share price moved down by 1.07 per cent from its previous close of Rs 140.10. The stock’s last traded price is Rs 138.60.
Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 51464.59 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-03-2020, the company reported a Consolidated sales of Rs 19513.00 Crore, down 7.64 % from last quarter Sales of Rs 21126.00 Crore and down -15.50 % from last year same quarter Sales of Rs 23092.00 Crore. The Company reported net profit after tax of Rs -12083.00 Crore in latest quarter.
Investment Rationale
The brokerage has factored in the post-COVID recovery in commodity prices in the estimates. VEDL’s cost reduction in Aluminum, completion of capacity expansion in Zinc, and expected ramp-up in Oil & Gas should also support earnings growth in FY22. Over FY20–22E, it estimates an 11% CAGR in EBITDA and 32% CAGR in EPS.
Promoter/FII Holdings
Promoters held 50.1 per cent stake in the company as of June 30, 2020, while FIIs held 15.4 per cent, DIIs 19.1 per cent and public and others 15.4 per cent.
Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 51464.59 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-03-2020, the company reported a Consolidated sales of Rs 19513.00 Crore, down 7.64 % from last quarter Sales of Rs 21126.00 Crore and down -15.50 % from last year same quarter Sales of Rs 23092.00 Crore. The Company reported net profit after tax of Rs -12083.00 Crore in latest quarter.
Investment Rationale
The brokerage has factored in the post-COVID recovery in commodity prices in the estimates. VEDL’s cost reduction in Aluminum, completion of capacity expansion in Zinc, and expected ramp-up in Oil & Gas should also support earnings growth in FY22. Over FY20–22E, it estimates an 11% CAGR in EBITDA and 32% CAGR in EPS.
Promoter/FII Holdings
Promoters held 50.1 per cent stake in the company as of June 30, 2020, while FIIs held 15.4 per cent, DIIs 19.1 per cent and public and others 15.4 per cent.