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Vedanta Ltd

VEDL NSE

Key Fundamentals

Volatility
Moderate
P/E Ratio
5.54
EBITDA
₹24,734 Cr
Return on Equity
18.2%
Debt to Equity
0.66
EPS
₹13.95
52W High
₹360
52W Low
₹157.17

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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51 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.0%
  • Company has been maintaining a healthy dividend payout of 150%

Weaknesses

4
  • Promoter holding has decreased over last quarter: -1.66%
  • The company has delivered a poor sales growth of -2.28% over past five years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.14,343 Cr.

Growth Rate

Revenue Growth
23.92% ↗
Net Income Growth
34.54% ↗
Cash Flow Change
-0.16% ↘
ROE
5.45% ↗
ROCE
-17.54% ↘
EBITDA Margin (Avg.)
-2.21% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Vedanta Ltd trades at a PE of 3.6x with a market cap of ₹1,05,835 Cr, offering a dividend yield of 12.72%. The company has delivered strong profitability growth (TTM profit growth of 37%) and maintains a 3-year ROE of 31%, but revenue growth has been negative at -2.28% over five years with significant contingent liabilities of ₹31,673 Cr.

Bull Case 8
  • Exceptionally low PE ratio of 3.6x suggests the stock is trading at a deep discount to earnings relative to broader market valuations
  • Dividend yield of 12.72% with a historical payout ratio of 150% provides substantial income return to shareholders
  • Last year ROE of 38% and 3-year average ROE of 31% demonstrate consistently high capital efficiency
  • TTM profit growth of 37% indicates strong earnings recovery and operational leverage kicking in
  • Company has reduced debt levels, improving balance sheet resilience in a cyclical commodity business
  • Stock CAGR of 71% over 1 year and 44% over 3 years reflects strong market re-rating momentum
  • Compounded profit growth of 17% over 3 years and 13% over 10 years shows long-term earnings compounding despite commodity cycles
  • Company is expected to deliver a good upcoming quarter, suggesting near-term operational momentum remains intact
Bear Case 8
  • Compounded sales growth of -2.28% over 5 years and -19% over 3 years indicates persistent top-line weakness and volume/pricing challenges
  • Contingent liabilities of ₹31,673 Cr represent a material risk relative to the ₹1,05,835 Cr market cap if any portion crystallizes
  • Earnings include other income of ₹14,343 Cr, suggesting core operating profit may be significantly lower than headline numbers indicate
  • Promoter holding decreased by 1.66% in the last quarter, signaling potential dilution or reduced promoter confidence
  • Company might be capitalizing interest costs, which could overstate reported profitability and asset quality
  • TTM sales growth of only 2% despite commodity price recovery suggests structural volume constraints or asset maturity
  • 10-year sales CAGR of just 2% shows the business has barely grown its top line over a full commodity cycle
  • As a diversified commodities producer, earnings remain highly vulnerable to global commodity price downturns and China demand slowdowns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2d ago
Headwinds 2
  • $35M DGH demand on OALP block Jul 21

    DGH issued ~USD 35 million plus interest demand over an OALP block extension dispute related to Vedanta's upstream oil & gas operations under HELP policy.

  • Promoter shares encumbered for bonds Jul 17

    Vedanta disclosed encumbrance over 2.14 billion promoter group shares due to bond issuance terms, signaling continued leverage at the parent level.

Positives 5
  • Q1FY27 net profit surges 78% Jul 30

    Consolidated net profit jumped to ₹7,918 crore in Q1FY27 vs ₹4,457 crore YoY, with revenue rising to ₹24,205 crore and EBITDA hitting ₹8,469 crore; credit rating upgraded to AA+.

  • Hindustan Zinc profit up 145% Jul 26

    Subsidiary HZL reported Q1FY27 net profit of ₹5,469 crore, up 145% YoY, driven by higher zinc and silver revenues.

  • ₹8 interim dividend from aluminium arm Jul 30

    Vedanta Aluminium Metal declared ₹8/share interim dividend (~₹3,129 crore payout) backed by consolidated EBITDA of ₹10,499 crore and net profit of ₹5,629 crore in Q1FY27.

  • ESOP & ESPP 2026 launched Jul 30

    Board launched ESOP 2026 and ESPP 2026 covering up to 5% of paid-up capital, alongside board revamp with new SMP designations.

  • Record FY26 revenue at AGM Jul 15

    61st AGM confirmed record FY2025-26 revenue of ₹1,74,075 crore and EBITDA of ₹55,976 crore; all resolutions passed including chairman re-appointment.

Neutral 4
  • Real estate demerger approved Jul 30

    Board approved demerger of ~2,200 acres into Vedanta Property Platforms Limited (VPPL); shareholders to receive 1 VPPL share per 20 Vedanta shares held.

  • Aluminium to drive 50% of dividends Jul 30

    Executive stated aluminium metal project expected to contribute about 50% of overall dividend distribution, underscoring segment's strategic weight.

  • ESG rating updated to 57 Jul 22

    ESGRisk.ai updated Vedanta's ESG score to 57 (Adequate Category) on July 21, 2026.

  • Q1FY27 results call scheduled Jul 25

    Earnings conference call held July 30 at 5:00 PM IST; trading window closed for designated persons until August 1, 2026.

TL;DR: Vedanta delivered a blowout Q1FY27 with consolidated profit nearly doubling YoY, supported by strong LME prices, volume growth across aluminium and zinc, and a credit upgrade to AA+. Key risks remain at the parent level with 2.14 billion shares encumbered and a USD 35 million regulatory demand from DGH. The demerger strategy continues to unlock value with the real estate carve-out. The earnings momentum and dividend trajectory are clearly improving, though promoter leverage warrants monitoring.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
33,733
38,945
35,541
35,509
35,764
37,634
17,063
16,686
15,754
18,747
21,337
24,609
24,205
Expenses
27,313
27,466
27,010
26,741
25,819
27,806
12,050
11,440
11,478
13,832
14,816
17,050
15,704
Operating Profit
6,420
11,479
8,531
8,768
9,945
9,828
5,013
5,246
4,276
4,915
6,521
7,559
8,501
OPM %
19%
29%
24%
25%
28%
26%
29%
31%
27%
26%
31%
31%
35%
Other Income
2,326
1,863
779
385
934
3,168
3,202
2,771
2,737
1,248
4,426
5,503
3,166
Interest
2,110
2,523
2,417
2,415
2,222
2,667
1,073
1,071
609
1,033
547
694
662
Depreciation
2,550
2,642
2,788
2,743
2,731
2,696
1,238
1,191
1,116
1,303
1,239
1,332
1,192
PBT
4,086
8,177
4,105
3,995
5,926
7,633
5,904
5,755
5,288
3,827
9,161
11,036
9,813
Tax %
19%
111%
30%
43%
14%
27%
17%
14%
16%
9%
15%
15%
19%
Net Profit
3,308
-915
2,868
2,275
5,095
5,603
4,876
4,961
4,457
3,479
7,807
9,352
7,918
EPS in Rs
7.1
-4.8
5.42
3.68
9.7
11.13
9.07
8.91
8.14
4.6
14.6
17.13
14
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
73,710
64,262
72,225
91,866
92,048
84,447
88,021
1,32,732
1,47,308
1,43,727
62,717
78,437
88,898
Expenses
51,595
82,741
50,849
66,989
68,877
63,704
60,703
87,908
1,12,877
1,08,415
44,139
55,254
61,402
Operating Profit
22,114
-18,479
21,376
24,877
23,171
20,743
27,318
44,824
34,431
35,312
18,578
23,183
27,496
OPM %
30%
-29%
30%
27%
25%
25%
31%
34%
23%
25%
30%
30%
31%
Other Income
-19,222
4,290
4,423
6,087
4,270
-14,932
2,743
1,832
2,625
5,241
12,739
14,186
14,343
Interest
5,659
5,778
5,855
5,112
5,689
4,977
5,210
4,797
6,225
9,465
4,197
2,817
2,936
Depreciation
7,159
8,572
6,292
6,283
8,192
9,093
7,638
8,895
10,555
10,723
4,233
4,810
5,066
PBT
-9,925
-28,540
13,652
19,569
13,560
-8,259
17,213
32,964
20,276
20,365
22,887
29,742
33,837
Tax %
15%
-37%
17%
30%
28%
-43%
13%
28%
28%
63%
10%
16%
—
Net Profit
-11,369
-17,862
11,316
13,692
9,698
-4,744
15,032
23,710
14,503
7,539
20,535
25,096
28,556
EPS in Rs
-52.77
-41.39
23.47
27.82
19.01
-17.93
31.21
50.58
28.45
11.4
38.33
44.47
50.33
Div. Payout %
-8%
-8%
83%
76%
99%
-22%
30%
89%
357%
259%
113%
76%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
296
296
297
372
372
372
372
372
372
372
391
391
Reserves
53,579
43,743
60,128
62,940
61,925
54,263
61,906
65,011
39,051
30,350
40,821
49,261
Borrowings
77,752
67,778
71,569
58,159
66,226
59,187
57,669
53,583
80,329
87,706
91,479
32,947
Other Liabilities
58,654
80,163
64,952
58,896
70,045
66,915
63,549
74,981
69,703
69,690
67,249
1,49,712
Total Liabilities
1,90,281
1,91,980
1,96,946
1,80,367
1,98,568
1,80,737
1,83,496
1,93,947
1,89,455
1,88,118
1,99,940
2,32,311
Fixed Assets
70,108
67,231
76,756
80,279
96,397
88,904
90,470
93,466
95,744
98,963
99,905
30,548
CWIP
38,748
38,461
27,557
32,055
24,959
18,585
16,314
15,879
19,529
22,889
33,896
10,531
Investments
39,606
53,386
46,962
28,700
33,065
24,753
16,660
17,291
13,150
11,869
14,532
15,418
Other Assets
41,819
32,903
45,671
39,333
44,147
48,495
60,052
67,311
61,032
54,397
51,607
1,75,814
Total Assets
1,90,281
1,91,980
1,96,946
1,80,367
1,98,568
1,80,737
1,83,496
1,93,947
1,89,455
1,88,118
1,99,940
2,32,311
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
17,805
20,377
18,083
17,366
23,754
19,300
23,980
34,963
33,065
35,654
39,562
39,499
Investing
-4,133
-7,868
2,681
15,480
-10,594
-5,925
-6,678
-2,243
-668
-13,676
-19,158
-24,134
Financing
-13,956
-11,303
-12,425
-39,255
-10,242
-15,547
-17,565
-28,903
-34,142
-26,092
-19,223
-13,549
Net Cash Flow
-284
1,206
8,339
-6,409
2,918
-2,172
-263
3,817
-1,745
-4,114
1,181
1,816
Free Cash Flow
7,231
14,965
12,648
10,070
14,937
11,631
17,262
24,658
19,411
19,097
22,848
18,747
CFO/OP
96
-124
109
83
114
99
96
91
114
109
230
205
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
18
14
11
16
16
12
14
14
10
9
21
6
Inventory Days
129
132
161
135
184
184
153
147
124
107
234
66
Days Payable
78
267
308
202
242
275
245
221
91
83
165
88
Cash Conversion Cycle
69
-120
-136
-51
-42
-80
-77
-61
43
33
90
-16
Working Capital Days
-121
-219
-338
-182
-212
-186
-150
-82
-120
-107
-243
-121
ROCE %
9%
-14%
11%
15%
14%
10%
17%
28%
20%
21%
12%
16%

Shareholding Pattern

As of Jun 2026
Promoters 54.72%
Public 18.45%
FIIs 15.78%
DIIs 10.83%
Others 0.16%
Government 0.06%
Total 100.00%
  Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
63.71%
63.71%
61.95%
59.31%
56.38%
56.38%
56.38%
56.38%
56.38%
56.38%
56.38%
54.72%
FIIs
7.82%
7.74%
8.77%
10.23%
11.45%
12.02%
11.15%
10.60%
11.08%
12.15%
13.93%
15.78%
DIIs
10.59%
11.19%
13.15%
14.78%
16.29%
15.49%
16.38%
16.47%
16.25%
15.31%
13.43%
10.83%
Government
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.06%
0.06%
0.06%
0.06%
0.06%
Public
17.74%
17.23%
15.86%
15.41%
15.64%
15.92%
15.89%
16.35%
16.09%
16.05%
16.05%
18.45%
Others
0.08%
0.06%
0.18%
0.18%
0.16%
0.11%
0.13%
0.13%
0.13%
0.06%
0.14%
0.16%
No. of Shareholders
19,42,800
19,09,460
17,85,798
17,92,821
18,66,939
19,99,975
20,46,988
20,87,745
20,74,956
20,31,537
21,10,601
26,01,130

Documents

Frequently Asked Questions about Vedanta Ltd

What does Vedanta Ltd do?
Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namib...
Where is Vedanta Ltd (VEDL) listed?
Vedanta Ltd is listed on the Indian stock exchanges. It is listed on NSE: VEDL and BSE: 500295. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Vedanta Ltd belong to?
Vedanta Ltd operates in the Commodities sector within the Diversified Metals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the PE ratio of Vedanta Ltd?
The Price-to-Earnings (PE) ratio of Vedanta Ltd is 5.54. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Vedanta Ltd?
Over the past 52 weeks, Vedanta Ltd has traded between a low of ₹157.17 and a high of ₹360. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Vedanta Ltd?
Vedanta Ltd has a Return on Equity (ROE) of 18.20%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Vedanta Ltd on Tapetide?
On Tapetide, you can view Vedanta Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE. Its other businesses includes commercial power generation, steel manufacturing & port operations in India and manufacturing of glass substrate in South Korea and Taiwan.[1] Presently, India accounts for ~65% of total revenues, followed by Malaysia (9%), China (3%), UAE (1%) and others (22%).[2]

Website vedantalimited.com
CEO Mr. Navin Kumar Agarwal
Employees 17,332
Listed 1998-05-13
Face Value ₹ 1
Issued Size 3,91,03,88,057

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