V

Vedanta Power Ltd

VEDPOWER NSE

Key Fundamentals

MicrocapPower GenerationUtilities
Market Cap
₹14,054 Cr
Volatility
Moderate
P/E Ratio
-8.3
EBITDA
₹1,084 Cr
Debt to Equity
2.29
Book Value
₹10
52W High
₹49.88
52W Low
₹33.06

Insights

Beta

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

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28 extracted metrics + investor summaries across FY25–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Weaknesses

1
  • Company has low interest coverage ratio.

Growth Rate

Revenue Growth
4.82%
Net Income Growth
-5487.74%
Cash Flow Change
-27.60%
ROE
-10265.52%
ROCE
-469.13%
EBITDA Margin (Avg.)
-3.48%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 4d ago
AI opinion · based on fundamentals
Risk high

Vedanta Power Ltd (formerly Talwandi Sabo Power Ltd) operates a 1,980 MW supercritical coal-based thermal power plant in Punjab with a market cap of approximately ₹14,046 Cr. The company trades at a negative P/E of -8.2 reflecting recent losses, reported a Q1 FY27 net loss of ₹449 Cr, and carries a debt-to-equity ratio of 3.37 with low interest coverage, indicating significant financial stress despite a stable offtake arrangement with Punjab State Power Corporation Ltd.

Bull Case 8
  • Large-scale asset with 1,980 MW installed capacity (3x660 MW supercritical units), making it the largest private thermal power plant in North India
  • 100% offtake guaranteed under long-term PPA with Punjab State Power Corporation Ltd, providing revenue visibility on the entire 1,980 MW capacity
  • Annual revenue of approximately ₹5,224 Cr (FY25), demonstrating the plant's ability to generate substantial top-line cash flows
  • Supercritical technology results in higher thermal efficiency (~40%) compared to subcritical plants, offering lower fuel costs per unit of generation
  • Q1 FY27 power sales grew 38% year-on-year, indicating improving plant utilisation and generation volumes
  • Market cap of ₹14,046 Cr implies an EV/MW of roughly ₹7-8 Cr per MW installed — potentially reasonable versus replacement cost of ₹8-10 Cr per MW for new supercritical capacity
  • Biomass co-firing facility of 500 tonnes per day at Mansa reduces carbon intensity and aligns with regulatory mandates for renewable energy obligations
  • Freshly listed on NSE/BSE in June 2026, providing improved governance transparency and potential for institutional re-rating over time
Bear Case 8
  • Negative P/E of -8.2 and reported Q1 FY27 standalone net loss of ₹449 Cr indicate the company is not currently profitable
  • Debt-to-equity ratio of 3.37 signals a highly leveraged balance sheet, with low interest coverage flagged as a known risk
  • FY25 earnings collapsed 94.7% year-on-year to just ₹31.8 Cr net profit, showing severe margin compression
  • Revenue declined 0.77% in FY25 and 8.9% in FY24, with no positive compounded sales growth trend visible over recent years
  • ROE stands at -61.28% (TTM), reflecting deeply negative returns on shareholder equity and potential book value erosion
  • P/B ratio of 3.52 (screener data) to 5.80 (other sources) is elevated for a loss-making utility with negative ROE
  • Zero dividend yield despite being a utility, offering no income support to shareholders while the company services heavy debt
  • ₹127 Cr penalty imposed on the company by Punjab regulators (May 2026), adding regulatory risk and potential cash outflow

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 2
  • ₹423cr Q1 loss on penalty Jul 29

    Vedanta Power reported a consolidated net loss of ₹423 crore in Q1FY27, driven by a ₹487 crore exceptional item linked to a Supreme Court penalty.

  • 56% shares encumbered for bonds Jul 16

    Promoter group entities have encumbered 56.38% of Vedanta Power shares against $1.75 billion bonds issued by Vedanta Resources Finance II PLC, raising leverage and pledge risk.

Positives 2
  • Revenue up 31% YoY Jul 29

    Despite the net loss, Vedanta Power's Q1FY27 revenue rose 31% YoY to ₹2,607 crore, indicating strong operational momentum.

  • ESOP and ESPP schemes approved Jul 29

    Board approved VEDPOWER ESOP 2026 and ESPP 2026 covering up to 5% of paid-up capital via trust route, signaling employee retention focus and management confidence.

Neutral 1
  • Q1FY27 earnings call held Jul 30 Jul 30

    Vedanta Power made the audio recording of its Q1FY27 earnings conference call available on its website, complying with SEBI LODR Regulation 30.

TL;DR: Vedanta Power's Q1FY27 shows strong 31% revenue growth but a ₹423 crore net loss due to a one-off Supreme Court penalty of ₹487 crore clouds the quarter. The high promoter share encumbrance at 56.38% against $1.75 billion in bonds remains a structural overhang. Underlying operational performance is improving, but investors should watch for resolution of legal liabilities and any further pledge activity.

Quarterly Results

  Jun 2025Mar 2026Jun 2026
Sales
1,986
2,684
2,607
Expenses
1,569
2,090
2,316
Operating Profit
417
594
291
OPM %
21%
22%
11%
Other Income
5
-31
-478
Interest
151
190
196
Depreciation
169
223
225
PBT
102
150
-608
Tax %
14%
7%
-30%
Net Profit
88
139
-423
EPS in Rs
0.27
0.43
-1.08
Figures in ₹ Crores

Profit & Loss

  Mar 2026
Sales
8,799
Expenses
7,241
Operating Profit
1,558
OPM %
18%
Other Income
-2,295
Interest
705
Depreciation
829
PBT
-2,271
Tax %
-26%
Net Profit
-1,686
EPS in Rs
-5.26
Div. Payout %
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2025Mar 2026
Equity Capital
3,207
3,207
Reserves
448
-1,269
Borrowings
6,238
6,542
Other Liabilities
397
762
Total Liabilities
10,289
9,242
Fixed Assets
7,123
6,744
CWIP
1
0
Investments
0
0
Other Assets
3,165
2,498
Total Assets
10,289
9,242
Figures in ₹ Crores

Cash Flow

  Mar 2025Mar 2026
Operating
768
556
Investing
-26
-37
Financing
-876
-506
Net Cash Flow
-134
13
Free Cash Flow
738
477
CFO/OP
72
51
Figures in ₹ Crores

Ratios

  Mar 2025Mar 2026
Debtor Days
67
66
Cash Conversion Cycle
67
66
Working Capital Days
-70
-138
ROCE %
7%

Shareholding Pattern

As of Jun 2026
Promoters 56.38%
Public 16.34%
DIIs 13.00%
FIIs 8.51%
Others 5.70%
Government 0.06%
Total 99.99%
  May 2026Jun 2026
Promoters
56.38%
56.38%
FIIs
14.05%
8.51%
DIIs
12.96%
13.00%
Government
0.06%
0.06%
Public
11.72%
16.34%
Others
4.82%
5.70%
No. of Shareholders
21,78,550
21,78,550

Documents

Frequently Asked Questions about Vedanta Power Ltd

What does Vedanta Power Ltd do?
Vedanta Power is the power generation business of Vedanta Group. It operates large thermal power assets and supplies electricity to industries and state utilities across India.
Where is Vedanta Power Ltd (VEDPOWER) listed?
Vedanta Power Ltd is listed on the Indian stock exchanges. It is listed on NSE: VEDPOWER and BSE: 544781. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Vedanta Power Ltd belong to?
Vedanta Power Ltd operates in the Utilities sector within the Power industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Vedanta Power Ltd?
Vedanta Power Ltd has a market capitalisation of approximately ₹14053.93 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Vedanta Power Ltd?
The Price-to-Earnings (PE) ratio of Vedanta Power Ltd is -8.30. 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 Power Ltd?
Over the past 52 weeks, Vedanta Power Ltd has traded between a low of ₹33.06 and a high of ₹49.88. This range helps investors understand the stock's price volatility and recent trading levels.
How can I research Vedanta Power Ltd on Tapetide?
On Tapetide, you can view Vedanta Power 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 Power is the power generation business of Vedanta Group. It operates large thermal power assets and supplies electricity to industries and state utilities across India.

Face Value ₹ 10

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