Vedanta Aluminium Metal
Vedanta Aluminium Metal
Metals & MiningKey Fundamentals
LargecapAluminiumMetals & MiningPrice-based figures as of 09 Oct 2026, 15:54 IST · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Growth Rate
change over 1 year
Operating margin 48% · Jun 2026
AI Analysis — Bull vs Bear
As of the 2026-10-09 close, Vedanta Aluminium Metal Ltd (VAML) traded at Rs 371.65, giving a market cap of Rs 145,329.57 crore. That price is a trailing P/E of 12.51x on TTM EPS of Rs 29.70, with a dividend yield of 2.14%. Reported ROE is 49.39% and ROCE is 40.62%, so returns are high, but the stock was only about 0.9% above its 52-week low of Rs 368.20 and about 30.8% below its 52-week high of Rs 537. Debt-to-equity and all historical growth metrics were missing from the dataset, and the reported P/B of 371.65 is the same as the share price, which suggests it is a data error.
- ROE of 49.39% and ROCE of 40.62% mean the business earns very high returns on shareholder equity and on total capital employed.
- A trailing P/E of 12.51x gives an earnings yield of about 8.0% (1/12.51), which is a modest multiple for a business earning returns above 40%.
- TTM EPS of Rs 29.70 across about 391 crore implied shares (Rs 145,329.57 crore / Rs 371.65) works out to roughly Rs 11,600 crore of trailing net profit, a large earnings base relative to the market cap.
- The 2.14% dividend yield implies about Rs 7.95 per share. Against EPS of Rs 29.70, that is a payout of roughly 27%, which leaves room to keep paying dividends even if earnings fall somewhat.
- At Rs 371.65 the stock was only 0.94% above its 52-week low of Rs 368.20 and 30.8% below its 52-week high of Rs 537. A lot of negative sentiment may already be in the price compared with where it traded earlier in the year.
- A market cap of Rs 145,329.57 crore puts VAML among the larger listed metals companies in India, which usually means good liquidity and wide institutional coverage.
- Aluminium earnings are cyclical. An ROE of 49.39% together with a P/E of only 12.51x can be a sign of peak-cycle profits that the market expects to fall, rather than a sign that the stock is cheap.
- Debt-to-equity is missing (null). ROE (49.39%) is about 8.8 percentage points higher than ROCE (40.62%), which suggests borrowing is boosting equity returns, but the balance-sheet risk can't be measured from this data.
- The stock was about 30.8% below its 52-week high of Rs 537 and within 1% of its 52-week low of Rs 368.20. That is a clearly negative price trend with no confirmed support level yet.
- Backing out book value from EPS of Rs 29.70 and ROE of 49.39% gives roughly Rs 60 per share, or a P/B of about 6.2x. That is a high multiple of book value for an asset-heavy commodity producer.
- Every growth field in the dataset (sales, profit, ROE history and stock CAGR over TTM, 3, 5 and 10 years) is blank. There is no way to check whether the TTM EPS of Rs 29.70 is a lasting earnings level or a one-off high.
- The reported P/B of 371.65 is identical to the share price of Rs 371.65, which points to a data error. Valuation checks based on book value can't be confirmed from the figures provided.
- The stock trades in a wide 52-week range, with the high of Rs 537 about 45.8% above the low of Rs 368.20. That level of volatility reflects how sensitive the stock is to aluminium prices and input costs.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Bauxite petition dismissed by HC Oct 1
The Orissa High Court dismissed Vedanta Aluminium Metal's writ petition challenging the bauxite linkage policy on October 1, 2026. The company is reviewing legal options, so raw material sourcing and costs remain uncertain.
- Record Q2FY27 aluminium, alumina output Oct 3
VAML reported record aluminium and alumina production for Q2FY27, with alumina output up 37% YoY. The growth came from the expansion ramp-up and new smelter volumes.
- Shareholders approve ESOPs, auditor Oct 1
Shareholders approved new ESOP plans, an auditor appointment and related party transactions by postal ballot with high majority support. This points to steady governance and shareholder backing.
- ₹20.07 crore block trade on BSE Oct 5
About 5,03,680 shares changed hands on BSE at ₹398.50 each, worth ₹20.07 crore in total. This is an unconfirmed trade-scanning signal, and official large-trade disclosures come from BSE/NSE after market close.
TL;DR: Operations are strong, with record Q2FY27 output and alumina production up 37% YoY as new capacity ramps up. The main risk is legal: the Orissa High Court dismissed VAML's bauxite linkage petition, which could affect raw material security and cost advantages if an appeal fails. Shareholder approvals show steady governance, and the ₹20.07 crore block trade has no clear direction yet. The near-term trend looks positive on volumes, but investors should watch how VAML pursues its legal options and whether bauxite sourcing affects Q3FY27 margins.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 14,654 | 19,124 | 21,393 |
| Expenses | 10,268 | 10,772 | 11,094 |
| Operating Profit | 4,386 | 8,352 | 10,299 |
| OPM % | 30% | 44% | 48% |
| Other Income | 208 | 47 | 309 |
| Interest | 1,000 | 922 | 1,001 |
| Depreciation | 701 | 751 | 775 |
| PBT | 2,893 | 6,726 | 8,832 |
| Tax % | 25% | 26% | 25% |
| Net Profit | 2,162 | 4,958 | 6,597 |
| EPS (₹) | 1,78,100 | 4,20,700 | 14.39 |
Profit & Loss
| Particulars | Mar 2026 |
|---|---|
| Sales | 66,891 |
| Expenses | 41,728 |
| Operating Profit | 25,163 |
| OPM % | 38% |
| Other Income | 693 |
| Interest | 3,905 |
| Depreciation | 2,890 |
| PBT | 19,061 |
| Tax % | 26% |
| Net Profit | 14,153 |
| EPS (₹) | 11,81,900 |
| Div. Payout % | 0% |
Balance Sheet
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity Capital | 0.01 | 0.01 |
| Reserves | -0.05 | -0.08 |
| Borrowings | 0.04 | 0.06 |
| Other Liabilities | 0.01 | 0.03 |
| Total Liabilities | 0.01 | 0.02 |
| Fixed Assets | 0 | 0 |
| CWIP | 0 | 0 |
| Investments | 0 | 0 |
| Other Assets | 0.01 | 0.02 |
| Total Assets | 0.01 | 0.02 |
Cash Flow
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | -0.04 | -0.02 |
| Investing | 0 | 0 |
| Financing | 0.04 | 0.02 |
| Net Cash Flow | 0 | 0 |
| Free Cash Flow | -0.04 | -0.02 |
| CFO/OP | 200 | 67 |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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31 extracted metrics + investor summaries across FY25–FY27.
Documents
Frequently Asked Questions about Vedanta Aluminium Metal
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Company Information
Vedanta Aluminium Metal Limited was incorporated on 06.10.2023 for the demerger of Vedanta Ltd.’s aluminium undertaking. It is a part of Vedanta group and is the primary aluminium undertaking of the group.
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