Details for (VED) / Market data / Selftrade

VEDANTA

(VED GB0033277061 GBX)

Value 998.000

Change Today +39.50

Updated21/05 09:05

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PROFILE

Registered Number	4740415
Registered Address	2nd Floor Vintners Place 68 Upper Thames Street London EC4V 3BJ
Head Office	5th Floor 16 Berkeley Street London EC4V 3BJ
Phone Number	+44 (0) 207 4995900
Fax Number
Website	http://www.vedantaresources.com
Activities	Produces copper zinc aluminum and iron ore metals
Country of Register	GB
Currency	GBX
Short Name	VEDANTA
First Day Traded	19/06/2006
Industrial Sector	General Mining
Number of shares	273m

Key People

Anil Agarwal	Chairman
MS Mehta	Chief Executive Officer
Navin Agarwal	Director

Major Shareholders

AGARWAL ANIL KUMAR /STERLITE TECHNOLOGIES/	56.57%
Standard Life Investments Ltd.	3.78%

Director Deals

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Income Statements £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Sales/Revenue	3,436.80	4,086.67	3,895.91	4,974.59	7,349.99
Cost of Goods Sold (COGS) incl. D&A	2,029.88	2,649.06	3,041.51	3,629.84	5,214.43
COGS excluding D&A	1,926.60	2,435.31	2,761.29	3,276.69	4,655.49
Depreciation & Amortization Expense	103.28	213.76	280.22	353.15	558.94
Depreciation	103.28	213.76	280.22	353.15	558.94
Amortization of Intangibles	0	0	0	0	0
Amortization of Deferred Charges	0	0	0	0	0
Gross Income	1,406.92	1,437.61	854.40	1,344.75	2,135.56
Selling, General & Administrative Expense	135.47	194.98	248.60	312.82	447.86
Research & Development	0.26	0.25	0.47	0.88	0.45
Other Selling, General & Administrative	135.21	194.73	248.12	311.94	447.41
Other Operating Expense	0	0	0	0	8.04
Non Operating Income/Expense	59.15	152.88	193.35	278.32	209.49
Non-Operating Interest Income	72.10	38.46	59.28	58.15	97.32
Equity in Affiliates (Pretax)	0	0	0	0	0
EBIT	0	0	0	0	0
Unusual Expense	10.78	9.32	15.93	71.26	-73.97
EBIT after Unusual Expense	-10.78	-9.32	-15.93	-71.26	0
Interest Expense	78.07	48.17	143.13	141.95	334.53
Gross Interest Expense	111.53	83.29	209.46	330.95	452.43
Interest Capitalized	33.46	35.12	66.32	189.00	117.90
Pretax Income	1,313.84	1,376.49	699.37	1,155.19	1,725.90
Income Tax	355.56	377.45	166.11	207.25	417.76
Income Tax - Current Domestic	0	0	0	0	0
Income Tax - Current Foreign	271.79	310.70	224.61	269.35	469.15
Income Tax - Deferred Domestic	83.78	66.75	-58.51	-62.10	-51.39
Income Tax - Deferred Foreign	0	0	0	0	0
Income Tax Credits	0	0	0	0	0
Minority Interest Expense	463.81	561.17	403.34	570.13	812.36
Equity in Affiliates	-0.69	0	0	0	0
Other After Tax Income (Expense)	0	0	0	0	0
Net Income	493.78	437.87	129.92	377.81	495.78
Extraordinaries & Discontinued Operations	0	0	0	0	0
Extra Items & Gain/Loss Sale Of Assets	0	0	0	0	0
Cumulative Effect - Accounting Chg	0	0	0	0	0
Discontinued Operations	0	0	0	0	0
Net Income After Extraordinaries	493.78	437.87	129.92	377.81	495.78
Preferred Dividends	0	0	0	0	0
Net Income available to Common	493.78	437.87	129.92	377.81	495.78
Operational EPS	163.80	144.84	48.75	142.85	143.83
EPS (basic)	172.10	152.13	45.24	137.75	182.15
EPS (diluted)	161.43	142.80	44.89	127.48	160.60
EBITDA	1,374.73	1,456.39	886.02	1,385.08	2,238.60
EBIT	0	0	0	0	0
+Depreciation & Amortization Expense	103.28	213.76	280.22	353.15	558.94

Balance Sheet £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Cash & Short Term Investments	1,140.39	2,592.00	3,484.56	4,779.35	4,877.19
Cash Only	808.01	230.54	265.46	257.10	208.86
Short-Term Investments	332.37	2,361.46	3,219.10	4,522.25	4,668.33
Total Accounts Receivable	475.23	515.67	499.39	581.91	782.18
Accounts Receivables, Net	222.55	244.03	192.70	136.26	475.00
Accounts Receivables, Gross	222.55	244.03	192.70	136.26	475.00
Bad Debt/Doubtful Accounts	0	0	0	0	0
Other Receivables	252.68	271.65	306.69	445.65	307.18
Inventories	448.52	653.48	634.39	831.04	1,200.66
Finished Goods	77.65	69.43	68.16	96.18	138.37
Work in Progress	120.89	234.26	246.49	315.25	431.02
Raw Materials	249.98	331.67	319.74	419.61	631.27
Progress Payments & Other	0	18.11	0	0	0
Other Current Assets	5.51	11.62	13.40	36.85	58.27
Prepaid Expenses	5.51	11.62	13.40	36.85	58.27
Miscellaneous Current Assets	0	0	0	0	0
Total Current Assets	2,069.65	3,772.78	4,631.74	6,229.15	6,918.31
Net Property, Plant & Equipment	1,956.82	4,203.52	6,522.06	9,444.72	10,723.67
Property, Plant & Equipment - Gross	2,574.71	5,057.76	7,831.72	11,198.30	12,950.56
Buildings	426.44	1,622.79	206.02	414.00	551.11
Land & Improvements	4.28	9.36	13.88	24.39	90.02
Machinery & Equipment	1,388.43	1,827.22	2,971.29	4,876.39	5,877.48
Construction in Progress	720.98	1,555.12	2,893.71	3,732.41	4,050.53
Leases	7.19	11.77	75.21	80.49	81.91
Computer Software and Equipment	0	0	0	0	0
Leased Property	0	0	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	27.38	31.50	1,671.61	2,070.60	2,299.51
Accumulated Depreciation	617.89	854.24	1,309.66	1,753.58	2,226.89
Buildings	120.48	240.10	44.86	55.90	69.00
Land & Improvements	0	0	0	0	0
Machinery & Equipment	466.01	580.38	845.57	1,117.61	1,403.23
Construction in Progress	9.08	8.96	12.42	11.73	0
Leases	0	0	0	0	0
Computer Software and Equipment	0	0	0	0	0
Leased Property	0	0	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	19.17	21.13	382.81	538.99	722.29
Total Investments and Advances	54.40	62.89	100.74	161.45	251.79
LT Investment - Affiliate Companies	0	0	0	0	0
Other Long-Term Investments	54.40	62.89	100.74	161.45	251.79
Long-Term Note Receivable	0	14.99	14.93	12.06	15.35
Intangible Assets	6.17	6.69	8.51	8.04	108.74
Net Goodwill	6.17	6.69	8.51	8.04	7.61
Net Other Intangibles	0	0	0	0	101.13
Other Assets	13.92	0	0	0	0
Deferred Charges	0	0	0	0	0
Tangible Other Assets	13.92	0	0	0	0
Total Assets	4,115.38	8,068.48	11,285.80	15,861.30	18,029.20
ST Debt & Curr. Portion LT Debt	127.00	713.06	905.92	667.55	1,899.68
Short Term Debt	0	0	0	0	0
Current Portion of Long Term Debt	127.00	713.06	905.92	667.55	1,899.68
Accounts Payable	437.35	600.45	1,162.38	1,425.14	1,737.80
Income Tax Payable	32.12	16.86	33.21	47.27	42.55
Other Current Liabilities	212.10	440.55	295.25	287.96	408.00
Dividends Payable	0	0	0	0	0
Accrued Payroll	0	0	0	0	0
Miscellaneous Current Liabilities	212.10	440.55	295.25	287.96	408.00
Total Current Liabilities	808.58	1,770.92	2,396.76	2,427.91	4,088.03
Long-Term Debt	814.34	841.56	2,740.36	4,922.47	4,467.20
Long-Term Debt excl. Capitalized Leases	814.34	841.56	2,740.36	4,922.47	4,467.20
Non-Convertible Debt	448.31	481.01	2,241.11	2,889.58	2,767.34
Convertible Debt	366.02	360.55	499.25	2,032.90	1,699.87
Capitalized Lease Obligations	0	0	0	0	0
Provision for Risks & Charges	135.42	114.57	135.91	134.62	223.53
Deferred Taxes	202.41	687.14	697.25	791.35	829.66
Deferred Taxes - Credit	216.84	694.74	705.06	797.22	841.01
Deferred Taxes - Debit	-14.43	-7.60	-7.81	-5.87	-11.35
Accumulated Minority Interest	930.23	2,697.16	3,118.99	4,443.93	5,017.00
Other Liabilities	84.53	72.10	94.95	231.46	151.16
Deferred Tax Liability-Untaxed Reserves	0	0	0	0	0
Other Liabilities (excl. Deferred Income)	84.53	72.10	94.95	231.46	151.16
Deferred Income	0	0	0	0	0
Total Liabilities	2,059.70	3,493.89	6,073.05	8,513.68	9,770.92
Non-Equity Reserves	0	0	0	0	0
Preferred Stock (Carrying Value)	0	0	0	0	0
Redeemable Preferred Stock	0	0	0	0	0
Non-Redeemable Preferred Stock	0	0	0	0	0
Preferred Stock issues for ESOP	0	0	0	0	0
ESOP Guarantees - Preferred Stock	0	0	0	0	0
Common Equity (total)	1,125.45	1,877.43	2,093.77	2,903.69	3,241.27
Common Stock Par/Carry Value	14.68	14.49	20.16	19.51	18.53
Additional Paid-In Capital/Capital Surplus	9.53	10.06	14.72	129.74	122.77
Retained Earnings	777.88	879.45	1,320.33	1,380.71	2,507.44
ESOP Debt Guarantee	0	0	0	0	0
Cumulative Translation Adjustment/Unrealized For. Exch. Gain	9.69	135.09	-548.23	-61.24	-22.40
Unrealized Gain/Loss Marketable Securities	0	0	-8.79	64.87	98.26
Revaluation Reserves	1.73	0.10	0	0	0
Other Appropriated Reserves	3.72	7.85	9.77	16.81	12.79
Unappropriated Reserves	308.21	830.39	1,341.82	1,636.03	851.31
Treasury Stock	0	0	-56.02	-282.75	-347.42
Total Shareholders' Equity	1,125.45	1,877.43	2,093.77	2,903.69	3,241.27
Liabilities & Shareholders' Equity	4,115.38	8,068.48	11,285.80	15,861.30	18,029.20

Cash Flow £1K

	AR 2007	AR 2008	AR 2009	AR 2010	AR 2011
Fiscal Year End	31/03/2007	31/03/2008	31/03/2009	31/03/2010	31/03/2011
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Net Income before Extraordinaries	1,313.15	1,376.49	699.37	1,155.19	1,725.90
Depreciation, Depletion & Amortization	103.28	213.76	280.22	353.15	558.94
Depreciation and Depletion	103.28	213.76	280.22	353.15	558.94
Amortization of Intangible Assets	0	0	0	0	0
Deferred Taxes & Investment Tax Credit	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Investment Tax Credit	0	0	0	0	0
Other Funds	-276.60	-399.42	-194.18	-430.75	-673.50
Funds from Operations	1,139.84	1,190.83	785.41	1,077.59	1,611.35
Extraordinaries	0	0	0	0	0
Changes in Working Capital	-290.55	-26.55	368.16	-17.44	-223.38
Receivables	-216.92	-32.23	99.43	10.29	-256.32
Inventories	-191.23	-137.49	41.39	-156.44	-343.79
Accounts Payable	117.60	143.17	227.34	128.72	376.72
Income Taxes Payable	0	0	0	0	0
Other Accruals	0	0	0	0	0
Other Assets/Liabilities	0	0	0	0	0
Net Operating Cash Flow	849.29	1,164.28	1,153.57	1,060.15	1,387.96
Capital Expenditures	610.22	869.17	1,657.87	1,481.68	1,602.47
Capital Expenditures (Fixed Assets)	610.22	869.17	1,657.87	1,481.68	1,602.47
Capital Expenditures (Other Assets)	0	0	0	0	0
Net Assets from Acquisitions	-28.70	-491.13	-187.60	-307.43	-723.22
Sale of Fixed Assets & Businesses	15.70	42.74	4.68	7.59	18.20
Purchase/Sale of Investments	-182.41	-1,801.91	-620.19	-1,032.18	98.09
Purchase of Investments	-182.41	-1,801.91	-620.19	-1,043.41	-16.66
Sale/Maturity of Investments	0	0	0	11.23	114.75
Other Uses	-22.31	-26.70	-47.55	-218.67	0
Other Sources	17.07	0	0	0	0
Net Investing Cash Flow	-810.86	-3,146.17	-2,508.55	-3,032.36	-2,209.40
Cash Dividends Paid - Total	-44.56	-51.96	-70.35	-73.96	-83.55
Common Dividends	-44.56	-51.96	-70.35	-73.96	-83.55
Preferred Dividends	0	0	0	0	0
Change in Capital Stock	0.11	0.05	0.06	0.44	-82.27
Repurchase of Common & Preferred Stk.	0	0	0	0	-82.33
Sale of Common & Preferred Stock	0.11	0.05	0.06	0.44	0.06
Proceeds from Stock Options	0.11	0.05	0.06	0.44	0.06
Other Proceeds from Sale of Stock	0	0	0	0	0
Issuance/Reduction of Debt, Net	-158.46	473.39	1,307.60	1,567.18	1,302.35
Change in Current Debt	13.21	548.16	123.77	-226.19	1,198.41
Change in Long-Term Debt	-171.68	-74.77	1,183.83	1,793.37	103.94
Issuance of Long-Term Debt	0	0	1,183.83	1,793.37	103.94
Reduction in Long-Term Debt	-171.68	-74.77	0	0	0
Other Funds	0	981.06	-33.22	640.88	-134.75
Other Uses	0	0	-33.22	-42.91	-134.75
Other Sources	0	981.06	0	683.79	0
Net Financing Cash Flow	-202.91	1,402.54	1,204.09	2,134.55	1,001.79
Exchange Rate Effect	25.74	18.13	104.88	-156.38	155.14
Miscellaneous Funds	0.00	0.00	-0.00	-0.00	0.00
Net Change in Cash	-138.75	-561.22	-46.01	5.96	335.49
Free Cash Flow	194.51	243.15	-574.65	-495.48	-298.06

Analysis Data

	2007	2008	2009	2010	2011
Fiscal Year End	2007-03-31	2008-03-31	2009-03-31	2010-03-31	2011-03-31
Valuation
Market Capitalisation	3,840.79	6,028.97	1,872.36	7,634.56	6,486.08
Price/Earnings	7.76	13.75	14.82	20.15	13.06
Price/Sales	1.12	1.47	0.49	1.53	0.88
Price/Book Value	3.41	3.21	0.89	2.63	2.00
Price/Cash Flow	5.00	5.74	1.68	8.50	5.29
Enterprise Value/EBIT	3.92	6.72	8.62	13.83	8.25
Enterprise Value/EBITDA	3.62	5.73	5.89	10.30	6.19
Enterprise Value/Sales	1.45	2.04	1.34	2.87	1.88
Total Debt/Enterprise Value	0.19	0.19	0.70	0.39	0.46
Total Debt/EBITDA	0.68	1.07	4.12	4.04	2.84
EPS (basic)	172.10	152.13	45.24	137.75	182.15
EPS (diluted) as stated	161.43	142.80	44.89	127.48	160.60
Profitability
Gross Margin (%)	40.94	35.18	21.93	27.03	29.06
Operating Margin (%)	37.00	30.41	15.55	20.74	22.85
Pretax Margin (%)	38.23	33.68	17.95	23.22	23.48
Net Margin (%)	14.37	10.71	3.33	7.59	6.75
Return on Assets (%)	12.81	7.19	1.34	2.78	2.93
Return on Equity (%)	52.77	29.16	6.54	15.12	16.14
Return on Avg. Total Capital (%)	24.20	15.93	2.83	5.31	5.48
Return on Avg. Invested Capital (%)	25.88	18.80	3.44	5.97	6.38
Efficiency
Revenue/Employee	0.14	0.15	0.13	0.17	0.24
Receivables Turnover	8.43	8.25	7.68	9.20	10.78
Days of Sales Outstanding (DSO) (%)	43.29	44.25	47.55	39.67	33.87
Inventory Turnover	5.36	4.81	4.72	4.95	5.13
Days of Inventory on Hand (DIO)	68.06	75.92	77.28	73.68	71.11
Total Asset Turnover	0.89	0.67	0.40	0.37	0.43
Working Capital Turnover	2.73	2.04	1.74	1.31	2.60
Liquidity
Current Ratio	2.56	2.13	1.93	2.57	1.69
Quick Ratio	2.00	1.76	1.67	2.22	1.40
Capital Structure
Debt-to-Total Equity (%)	83.64	82.81	174.15	192.51	196.43
Debt-to-Total Capital (%)	45.55	45.30	63.52	65.81	66.27
Debt-to-Total Assets (%)	22.87	19.27	32.31	35.24	35.31
Interest Coverage	11.40	14.92	2.89	3.12	3.71

Market data

Name	Latest	Var
FTSE 100	5,300.69	+0.63%
FTSE 250	10,476.20	+0.42%
DOW INDUSTRIALS	12,369.38(c)	-0.59%
HONG KONG HANG SENG INDIC	18,922.32	-0.16%
Nikkei 225	8,633.89(c)	+0.26%

Name	Latest	Var
MAN GROUP	80.15	+6.44%
VEDANTA	998.00	+4.12%
GKN	187.90	+2.96%
ROYAL BANK SCOT	20.53	+2.70%
IMI	878.00	+2.27%

Name	Latest	Var
LAND SECS.	711.50	-0.84%
UTD. UTILITIES	620.50	-0.32%
POLYMETAL INTL	796.50	-0.31%
BR.LAND	487.30	-0.29%
SAGE GRP.	248.70	-0.24%

Buys

Name	Latest	Var
AVIVA	264.90(c)	-1.05%
RED EMPEROR RES	14.88(c)	-17.36%
LLOYDS GRP.	25.95(c)	-6.15%
BP	391.95(c)	-1.18%
VODAFONE GRP.	164.30(c)	-0.96%

Sells

Name	Latest	Var
LLOYDS GRP.	25.95(c)	-6.15%
RED EMPEROR RES	14.88(c)	-17.36%
PV CRYSTALOX	9.45(c)	+121.31%
BARCLAYS	176.10(c)	-3.19%
AVIVA	264.90(c)	-1.05%

Selftrade is a trading name and Selftrade® a registered trademark of Talos Securities Limited, which is authorised and regulated by the Financial Services Authority (FSA Register number 208271) and is a member of the London Stock Exchange and PLUS Markets. Talos Securities Ltd is incorporated in England and Wales (Registration No. 4196325, Registered Address: Boatman's House, 2 Selsdon Way, London E14 9LA). VAT No. 629 2807 22.

Data: include Bondscape, Dow Jones, Factset, FTSE, Morningstar. Conditions may apply.

VEDANTA

PROFILE

Key People

Major Shareholders

Director Deals

Income Statements £1K

Balance Sheet £1K

Cash Flow £1K

Analysis Data

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