Motilal Oswal Financial Services neutral on Vedanta, target price: Rs 280

Motilal Oswal Financial Services has neutral call on Vedanta with a target price of Rs 280 The current market price of Vedanta is Rs 276.3.

Vedanta, incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 102761.97 Crore) operating in Diversified sector.

Vedanta key Products/Revenue Segments include Aluminium, Copper Cathodes, Oils, Pig iron, Iron Ore, Others, Power, Other Operating Revenue, Metallurgical Coke, Export Incentives, Scrap for the year ending 31-Mar-2023.


Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 38635.00 Crore, up 10.96 % from last quarter Total Income of Rs 34818.00 Crore and down -4.45 % from last year same quarter Total Income of Rs 40433.00 Crore. Company has reported net profit after tax of Rs 3132.00 Crore in latest quarter.

Investment Rationale
Any delay in repayment or failure to raise further capital at holding company will adversely impact the company. Almost 100% of the promoter holding is pledged and any negative scenario will have an adverse impact on the company.

Promoter/FII Holdings
Promoters held 69.69 per cent stake in the company as of 31-Dec-2022, while FIIs owned 7.9 per cent, DIIs 11.04 per cent.