Whalesbook
Analyst Targets Aur Demerger Ka Dhamaka!
Badi khabar yeh hai ki kai bade broking firms ne Vedanta Limited ke liye apna outlook ekdum se upar kar diya hai. Inhone share ka target price lagbhag ₹1,000 set kiya hai. Yeh sab ho raha hai company ke March quarter ke mazboot performance aur unke business units ko alag karne ke strategic plan ki wajah se. Logon ko lagta hai ki is demerger se shareholders ki value kaafi unlock hogi.
Demerger Kab Hoga Aur Kya Hoga?
Nuvama ka kehna hai ki Vedanta ke aluminium, steel, iron ore, oil & gas, aur power businesses June tak alag list ho sakte hain. Brokerage ko umeed hai ki yeh demerged companies strong commodity prices aur volume growth ka fayda uthayengi. Woh expect karte hain ki fiscal year 2026 se 2028 ke beech inka EBITDA compound annual growth rate 19% se 42% tak ja sakta hai.
Q4 Aur FY26 Ke Results Kaise Rahe?
Vedanta ne fiscal year 2026 mein financial performance mein bhi tagda jump dikhaya hai. Company ki annual revenue 15% badh kar ₹1,74,075 crore ho gayi hai. Waise hi, EBITDA mein bhi 29% ka izafa hua hai, jo ₹55,976 crore tak pahunch gaya. Yeh sab operational efficiency, margin improvement aur group mein debt kam karne ki wajah se hua hai.
Brokerages Ki Nazar Mein Vedanta
Investec ne toh demerger se pehle ki entity ka target price ₹1,000 rakha hai, jo Q4 earnings beat aur aluminium business ki strength ko highlight karta hai. Woh 'Buy' rating de rahe hain aur investors ko demerger ke process mein invested rehne ki salah de rahe hain. Unhone aluminium business ko ₹606 per share aur flagship Vedanta (base metals ke saath) ko ₹319 per share value kiya hai.
Kotak Institutional Equities ne apna target price ₹940 maintain rakha hai. Woh Vedanta ke aluminium segment par focus kar rahe hain, jahan volume expansion aur cost efficiencies ki kaafi chances hain. Unhone captive coal mines (Kurloi: 8 mtpa, Ghogharapalli: 20 mtpa) aur Sijimali bauxite mine (12 mtpa) ke launch hone se FY 2027-2028 tak cost aur kam hone ki umeed jatayi hai.
CLSA ne 12-month price target ₹835 set kiya hai, aur woh company ki cost trajectory, capacity expansion, aur debt kam hone ko stock price ke liye positive maante hain. CLSA ka yeh bhi kehna hai ki restructuring se investors ko har business segment ki finances saaf-saaf dikhegi. Emkay Global Financial Services ne kaha hai ki alag hone se diversified miners ke muqable zyada valuation mil sakta hai aur management bhi zyada focused rahega.