Vedanta Oil and Gas Ltd
Vedanta Oil and Gas Ltd
EnergyKey Fundamentals
SmallcapOil Exploration & ProductionEnergyInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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27 extracted metrics + investor summaries across FY25–FY26.
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Technical Indicators
Key Insights
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoVedanta Oil and Gas Ltd (VOGL) is a recently demerged entity (listed June 2026) that houses the legacy Cairn India upstream assets. It trades at a market cap of approximately ₹14,781 Cr with a negative P/E of -29.1, reflecting current losses, while operating 44 blocks across 47,000+ sq km with proven reserves of 1.32 billion barrels of oil equivalent.
- Largest private upstream oil and gas producer in India, contributing ~25% of domestic crude oil production historically — strategic asset with national importance
- Proven reserves and resources of 1.321 billion barrels of oil equivalent with additional resource potential of 2.9 billion barrels, providing long reserve life
- Ambitious production target of 150,000+ boepd by FY29, up from 87,000 boepd in FY26 — nearly doubling output in 3 years
- Planned $5 billion capex investment to boost output fivefold from current levels, signalling strong growth commitment
- Operates 44 blocks across 47,000+ sq km, providing diversified exploration and production portfolio within India
- Demerger eliminates conglomerate discount — standalone listing reportedly unlocked part of ₹63,500 Cr value across all Vedanta entities
- Market cap of ₹14,781 Cr with P/B of 6.13 reflects market willingness to pay a premium for asset base, suggesting confidence in future cash flows
- India's oil demand expected to grow at 2.4% CAGR through 2030, providing structural tailwind for domestic producers
- Negative P/E of -29.1 indicates the company is currently loss-making, with no visibility on near-term profitability
- Low interest coverage ratio flagged as a known concern, suggesting debt servicing strain relative to operating earnings
- Zero dividend yield — no income return for shareholders despite being in a cash-generative sector historically
- ROE, ROCE, EPS, and debt-to-equity data are unavailable or null, making fundamental valuation extremely difficult
- Legacy Cairn assets are mature declining fields — Mangala field required targeted redevelopment just to add 2,000 bpd, highlighting natural depletion risk
- Production declined from ~161,000 boepd in FY22 to 87,000 boepd in FY26, a ~46% drop over four years
- $5 billion debt-funded capex plan raises leverage concerns for a company already flagged for low interest coverage
- No historical compounded sales or profit growth data available (all growth metrics blank), making trend analysis impossible for investors
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 4h ago- ₹379cr Cambay Block impairment Jul 29
Company booked a ₹379 crore impairment charge related to the Cambay Block litigation in Q1FY27, indicating ongoing legal/asset risks.
- ₹945cr Q1 profit on slump sale Jul 29
Vedanta Oil & Gas reported ₹945 crore consolidated net profit in Q1FY27, driven by a ₹1,056 crore exceptional gain from slump sale of non-core businesses.
- ESOP/ESPP schemes adopted Jul 29
Board approved 2026 Employee Stock Option and Purchase Plans covering up to 5% of paid-up capital, signaling focus on talent retention. Pulak Modi designated as Vice Chairman.
- Q1FY27 results call on Jul 30 Jul 25
Vedanta Oil and Gas scheduled its earnings call for July 30, 2026 to present unaudited standalone and consolidated results for quarter ended June 30, 2026.
TL;DR: Vedanta Oil & Gas posted a strong Q1FY27 profit of ₹945 crore, though this was largely driven by a one-time slump sale gain rather than operational performance. The ₹379 crore Cambay Block impairment flags lingering litigation risk. ESOP adoption signals confidence in long-term growth, but investors should watch for recurring earnings quality in coming quarters.
Quarterly Results
| Jun 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Sales | 2,311 | 2,588 | 2,507 |
| Expenses | 1,806 | 1,706 | 1,693 |
| Operating Profit | 505 | 882 | 814 |
| OPM % | 22% | 34% | 32% |
| Other Income | 231 | -35 | 807 |
| Interest | 167 | 150 | 110 |
| Depreciation | 664 | 1,037 | 741 |
| PBT | -95 | -340 | 770 |
| Tax % | 9% | 41% | -23% |
| Net Profit | -104 | -479 | 945 |
| EPS in Rs | -44.08 | -203 | 2.42 |
Profit & Loss
| Mar 2026 | |
|---|---|
| Sales | 9,606 |
| Expenses | 6,665 |
| Operating Profit | 2,941 |
| OPM % | 31% |
| Other Income | 555 |
| Interest | 650 |
| Depreciation | 3,043 |
| PBT | -197 |
| Tax % | 150% |
| Net Profit | -493 |
| EPS in Rs | -209 |
| Div. Payout % | 0% |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 5 | 5 |
| Reserves | -285 | -479 |
| Borrowings | 552 | 0 |
| Other Liabilities | 656 | 1,053 |
| Total Liabilities | 928 | 578 |
| Fixed Assets | 349 | 0 |
| CWIP | 5 | 0 |
| Investments | 0 | 0 |
| Other Assets | 575 | 578 |
| Total Assets | 928 | 578 |
Cash Flow
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Operating | -9 | -168 |
| Investing | 20 | -8 |
| Financing | 56 | 92 |
| Net Cash Flow | 66 | -83 |
| Free Cash Flow | -32 | -176 |
| CFO/OP | 11 | 105 |
Ratios
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 37 | 0 |
| Inventory Days | — | 0 |
| Cash Conversion Cycle | 37 | 0 |
| Working Capital Days | -309 | 0 |
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Company Information
Vedanta Oil and Gas Limited is a private sector oil and gas exploration & production company. It operates under the brand ‘Cairn’. The company holds interests in 44 blocks spanning over 47,000 sq km of acreage across India, with gross 2P (proved plus probable) and 2C (contingent) resources of 1.4 bnboe. Its producing assets span key hydrocarbon basins in Rajasthan, AP, Gujarat, and Assam.