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VEDL Share Price Target

Vedanta Ltd.
Sector: Mining
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VEDL Share Price *
150.2 +4.8 (3.3%)
* (quote may be delayed)
VEDL Share Price Forecast - Consensus
No. of reports in last year
6
No. of analysts
3
Average Consensus Forecast
217.67
Consensus Potential
28.42%

VEDL Share Price Target - Broker Reports - 2019

Edelweiss
18-Jun-19
Price @ Call: 167.51
Target: 175
HOLD
We expect Vedanta to benefit from cost control at aluminium (Al) division and higher volumes at oil & gas division in FY20, despite lower base metal prices, due to: 1) Q1FY20 hot metal cost expected at INR1,700-1,750/t compared to USD1,935/t in Q1FY18 and USD1,776/t in Q4FY19; and 2) 15koepd additional volume Q2FY20 onwards from commissioning of the RDG early gas facility. Additionally, integration of shaft at SK mine will add 3.75mtpa of hauling capacity, thus boosting the mine’s capacity to 6mtpa. On the flip side, lower LME zinc and steel prices are expected to keep performance muted. Maintain ‘HOLD’ with TP of INR175/share. The stock is currently trading at 3.8x FY21E EBITDA.
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Investec Securities
29-May-19
Price @ Call: 169.1
Target: 233
BUY

Edelweiss
12-Feb-19
Price @ Call: 152.1
Target: 175
BUY
We view the related-party transaction between Volcan Resources (Volcan) and Vedanta (VEDL) as imprudent capital allocation as it: 1) neither confers voting rights nor ownership of underlying Anglo American (AAL) shares to VEDL shareholders; 2) amounts to VEDL shareholders funding the ultimate parent; and 3) raises concerns on further relatedparty transactions in the future given that VEDL is the major cashgenerating entity in the group. In this light, we are pruning the target multiples for all divisions (except Zinc-India and Oil & Gas) by 30%, discounting cash ex-Zinc India by 25% and raising conglomerate discount to 35% (from 20%). Maintain ‘BUY/SO’ with a revised TP of INR175 (versus INR250 earlier), implying an exit multiple of 4.6x FY21E EBITDA.
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ICICIdirect.com
1-Feb-19
Price @ Call: 163.58
Target: 145
SELL
Challenging operating environment to sustain; downgrade to SELL... Vedanta’s earnings remain sensitive to nonferrous and crude oil prices. Nonferrous prices have witnessed volatility and declined primarily on account of uncertainty over global trade due to trade friction between the US and China. Crude oil prices have also witnessed a declining trend from November 2018, which would have a negative impact on the company’s future earnings. We value the stock on an SOTP basis and arrive at a target price of | 145 with a SELL rating on the stock.
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VEDL Share Price Target - Broker Reports - 2018

Edelweiss
17-Dec-18
Price @ Call: 201.2
Target: 285
BUY

Edelweiss
16-Oct-18
Price @ Call: 210.95
Target: 293
BUY

ICICIdirect.com
2-Aug-18
Price @ Call: 214.44
Target: 235
HOLD

Motilal Oswal
1-Aug-18
Price @ Call: 222.25
Target: 269
BUY

Edelweiss
1-Aug-18
Price @ Call: 222.25
Target: 293
BUY

ICICIdirect.com
25-May-18
Price @ Call: 250.4
Target: 315
BUY

ICICIdirect.com
8-May-18
Price @ Call: 283.85
Target: 350
BUY

Motilal Oswal
4-May-18
Price @ Call: 286.35
Target: 345
BUY

Edelweiss
4-May-18
Price @ Call: 286.35
Target: 410
BUY

ICICIdirect.com
19-Apr-18
Price @ Call: 307.42
Target: 375
BUY

Edelweiss
18-Apr-18
Price @ Call: 289.65
Target: 425
BUY

Edelweiss
2-Apr-18
Price @ Call: 278.3
Target: 425
BUY

Edelweiss
1-Feb-18
Price @ Call: 339.5
Target: 425
BUY

Motilal Oswal
31-Jan-18
Price @ Call: 340.48
Target: 416
BUY

Investment Imperative
8-Jan-18
Price @ Call: 339.25
Target: 396
BUY

VEDL Share Price Target - Broker Reports - 2017

Shahina Mukadam
29-Nov-17
Price @ Call: 303.15
Target: 340
HOLD

Motilal Oswal
3-Nov-17
Price @ Call: 340.5
Target: 394
BUY

Edelweiss
3-Nov-17
Price @ Call: 340.5
Target: 425
BUY

Axis Direct
22-Sep-17
Price @ Call: 322.6
Target: 362
BUY

Edelweiss
20-Sep-17
Price @ Call: 323.15
Target: 350
BUY

Axis Direct
8-Sep-17
Price @ Call: 326.15
Target: 362
BUY

ICICIdirect.com
4-Sep-17
Price @ Call: 314.35
Target: 325
HOLD

Motilal Oswal
2-Sep-17
Price @ Call: 312.04
Target: 361
BUY

Axis Direct
31-Jul-17
Price @ Call: 274
Target: 310
BUY

ICICIdirect.com
26-Jul-17
Price @ Call: 274
Target: 285
HOLD

Edelweiss
25-Jul-17
Price @ Call: 274
Target: 309
BUY

Motilal Oswal
14-Jul-17
Price @ Call: 263
Target: 311
BUY

Edelweiss
12-Jul-17
Price @ Call: 260
Target: 315
BUY

ICICIdirect.com
17-May-17
Price @ Call: 242
Target: 260
HOLD

Kotak Securities
16-May-17
Price @ Call: 241.3
Target: 300
BUY

Edelweiss
15-May-17
Price @ Call: 241
Target: 288
BUY

Edelweiss
12-Apr-17
Price @ Call: 259
Target: 300
BUY

Axis Direct
21-Feb-17
Price @ Call: 271
Target: 289
BUY

Centrum
15-Feb-17
Price @ Call: 254.6
Target: 325
BUY

Edelweiss
15-Feb-17
Price @ Call: 248
Target: 310
BUY

VEDL Share Price Target - Broker Reports - 2016

Edelweiss
3-Nov-16
Price @ Call: 218
Target: 300
BUY

Centrum
1-Nov-16
Price @ Call: 202.6
Target: 250
BUY

Powermywealth.com
24-Aug-16
Price @ Call: 175.85
Target: 215
HOLD

Axis Direct
1-Jul-16
Price @ Call: 127
Target: 200
BUY

  • VEDL - Share Price Target Potential

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    BrokerageTargetPotential
    Edelweiss17516.91%
    Investec Securities23337.60%
    ICICIdirect.com145-0.28%