Vedanta Limited (VEDL) Margin Analysis

Vedanta Limited

VEDL (NYSE)

(%)

Models
Vedanta Limited Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 09	2021 Mar 31	2020 Mar 31	2019 Mar 31	2018 Mar 31
Revenue	11,797	11,863	11,086	13,081	14,026
Revenue Growth Rate	-0.558%	7%	-15.25%	-6.74%	26.9%
Cost of Revenue	5,710	8,675	11,007	10,474	10,068
Gross Profit	6,086	3,188	79.42	2,607	3,957
Gross Margin	51.59%	26.87%	0.716%	19.93%	28.22%
Operating Income	5,896	2,552	-529.9	2,090	3,431
Operating Margin	49.98%	21.51%	-4.78%	15.98%	24.46%
Net Income	2,149	1,542	-812.8	716.3	210.4
Net Margin	18.21%	13%	-7.33%	5.48%	1.5%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 09	2021 Mar 31	2020 Mar 31	2019 Mar 31	2018 Mar 31
Revenue	11,797	11,863	11,086	13,081	14,026
Cash from Operating Activities		3,275	2,420	2,999	5,348
Cash from Operating Activities Margin		27.61%	21.83%	22.93%	38.13%
Free Cash Flow		2,335	1,382	1,708	4,235
Free Cash Flow Margin		19.68%	12.47%	13.05%	30.2%
Depreciation and Amortization		1,109	1,334	1,384	1,149
Depreciation and Amortization Margin		9.35%	12.03%	10.58%	8.2%
Capital Expenditure		-940.4	-1,038	-1,292	-1,113
Capital Expenditure Margin		-7.93%	-9.36%	-9.87%	-7.93%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2018", "x": "2018-03-31", "y": 28.22}, {"l": "2019", "x": "2019-03-31", "y": 19.93}, {"l": "2020", "x": "2020-03-31", "y": 0.716}, {"l": "2021", "x": "2021-03-31", "y": 26.87}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2018", "x": "2018-03-31", "y": 24.46}, {"l": "2019", "x": "2019-03-31", "y": 15.98}, {"l": "2020", "x": "2020-03-31", "y": -4.78}, {"l": "2021", "x": "2021-03-31", "y": 21.51}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2018", "x": "2018-03-31", "y": 1.5}, {"l": "2019", "x": "2019-03-31", "y": 5.48}, {"l": "2020", "x": "2020-03-31", "y": -7.33}, {"l": "2021", "x": "2021-03-31", "y": 13}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2018", "x": "2018-03-31", "y": 30.2}, {"l": "2019", "x": "2019-03-31", "y": 13.05}, {"l": "2020", "x": "2020-03-31", "y": 12.47}, {"l": "2021", "x": "2021-03-31", "y": 19.68}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2022 (Q2) Sep 30	2022 (Q1) Jun 30	2021 (Q4) Mar 31	2021 (Q3) Dec 31	2021 (Q2) Sep 30	2021 (Q1) Jun 30
Revenue	4,046	3,779	3,807	3,079	2,824	2,075
Revenue Growth Rate	7.06%	-0.729%	23.62%	9.04%	36.07%
Cost of Revenue	1,952	1,825	1,846	1,498	2,601	1,177
Gross Profit	2,094	1,954	1,960	1,581	223	898.3
Gross Margin	51.75%	51.71%	51.5%	51.35%	7.9%	43.28%
Operating Income	2,048	1,904	1,909	1,491	44.56	849
Operating Margin	50.62%	50.38%	50.15%	48.41%	1.58%	40.91%
Net Income	782.5	568	878.4	451.5	83.05	136.7
Net Margin	19.34%	15.03%	23.08%	14.66%	2.94%	6.59%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2022 (Q2) Sep 30	2022 (Q1) Jun 30	2021 (Q4) Mar 31	2021 (Q3) Dec 31	2021 (Q2) Sep 30	2021 (Q1) Jun 30
Revenue	4,046	3,779	3,807	3,079	2,824	2,075
Cash from Operating Activities				0	0
Cash from Operating Activities Margin				0%	0%
Free Cash Flow				0	0
Free Cash Flow Margin				0%	0%
Depreciation and Amortization				0	0
Depreciation and Amortization Margin				0%	0%
Capital Expenditure				0	0
Capital Expenditure Margin				0%	0%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2021 (Q1)", "x": "2020-06-30", "y": 43.28}, {"l": "2021 (Q2)", "x": "2020-09-30", "y": 7.9}, {"l": "2021 (Q3)", "x": "2020-12-31", "y": 51.35}, {"l": "2021 (Q4)", "x": "2021-03-31", "y": 51.5}, {"l": "2022 (Q1)", "x": "2021-06-30", "y": 51.71}, {"l": "2022 (Q2)", "x": "2021-09-30", "y": 51.75}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2021 (Q1)", "x": "2020-06-30", "y": 40.91}, {"l": "2021 (Q2)", "x": "2020-09-30", "y": 1.58}, {"l": "2021 (Q3)", "x": "2020-12-31", "y": 48.41}, {"l": "2021 (Q4)", "x": "2021-03-31", "y": 50.15}, {"l": "2022 (Q1)", "x": "2021-06-30", "y": 50.38}, {"l": "2022 (Q2)", "x": "2021-09-30", "y": 50.62}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2021 (Q1)", "x": "2020-06-30", "y": 6.59}, {"l": "2021 (Q2)", "x": "2020-09-30", "y": 2.94}, {"l": "2021 (Q3)", "x": "2020-12-31", "y": 14.66}, {"l": "2021 (Q4)", "x": "2021-03-31", "y": 23.08}, {"l": "2022 (Q1)", "x": "2021-06-30", "y": 15.03}, {"l": "2022 (Q2)", "x": "2021-09-30", "y": 19.34}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2021 (Q2)", "x": "2020-09-30", "y": 0}, {"l": "2021 (Q3)", "x": "2020-12-31", "y": 0}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}