One of the world’s foremost natural resources conglomerates that received a crisil rating of AA- for its Long-term debt instrument and bank facilities.
Vedanta Ltd is a Large-cap with a market capitalization of Rs 88,933.93 Crore. On Monday, the shares were trading at Rs 239.30 a share.
As per the company’s exchange filing, Crisil Rating has assigned/reaffirmed Vedanta Ltd ratings for Long-term debt and Bank Facilities From CRISIL AA to CRISIL AA-, and short-term debt facilities are assigned a rating of CRISIL A1+.
The domestic currency scale used to assign CRISIL’s ratings is based on the Government of India’s sovereign rating. A CRISIL credit rating expresses CRISIL’s current assessment of the rated instrument’s likelihood of default.
Looking into the company’s finances, Vedanta Ltd’s revenue increased by 6.25 percent from Rs 36,654 Crore in Q2FY23 to 38,945 Crore in Q2FY24. During the same period, net profits decreased from Rs 2,690 crore to a loss of Rs 915 crore.
Vedanta Ltd reported excellent return ratios in the recent financial year with a return on equity (ROE) of 27.76 percent and a return on capital employed (ROCE) of 21.29 percent.
Vedanta Ltd’s recent shareholding pattern, The Promoters of the company own 63.71 percent while Retail shareholders own a 17.81 percent stake in the company and Foreign Institutional Investors own a 7.82 percent stake.
Vedanta Ltd. is involved in the exploration, extraction, and processing of minerals as well as oil and gas. The group is involved in the exploration, production, and marketing of iron ore, zinc, lead, silver, copper, aluminum, and gas and oil.
Written By:- Abhishek Singh.
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