V

Vedanta Limited

VEDLNSE
Market snapshot · 2026-08-11 11:38 UTC

275.00

₹-8.65 (-3.05%)

MARKET CAP

₹1.07L Cr

STOCK P/E

12.1x

52W HIGH

₹795.00

52W LOW

₹249.70

BOOK VALUE

₹127.16

EPS

₹22.78

ROE

SECTOR

Materials

DEBT/EQUITY

48.04

VOLUME

1.35Cr

P/B RATIO

2.16x

PEG RATIO

0.17

Sector

Materials

Themes

Metals - DiversifiedSemiconductorSilver StocksLithium
D
Dividend
E
Earnings
₹787.50₹653.89₹520.28₹386.66₹253.05VolumeDEEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Vedanta Limited is a diversified natural-resources company producing oil and gas, zinc, lead, silver, copper, aluminum, iron ore, and metallurgical coke. Power generation, including coal-based facilities, supports the mining and metals portfolio, while billets, TMT bars, wire rods, and ductile iron pipes add downstream revenue. Revenue grew 24.5% year-on-year, while profit increased 16%, indicating operating leverage was limited despite higher sales. Margins remained stable, but ROE is unavailable; debt/equity of 48.04 materially increases financial leverage and can amplify reported shareholder returns. At 12.2 times earnings, the stock appears undervalued versus diversified-materials peers, though leverage remains the central structural risk. Neutral sentiment reflects uncertainty around debt sustainability, commodity prices, and capital allocation.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for VEDL.

9.00 analysts

Price Forecast

Current
₹275.00
High Target
₹350.00
▲ +27.3%
Median Target
₹319.00
▲ +16.0%
Low Target
₹235.00
▼ -14.5%
Now₹275.00High ₹350.00Median ₹319.00Low ₹235.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
9 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹113.30 - ₹472.4680%
6M₹70.92 - ₹534.2880%
12M₹33.04 - ₹574.5780%
Realized vol: +111.4% · Drift: -7.0%

Revenue Forecast

₹ Cr
Mar '26Current₹7,691.0
Sep 2026 ETrend estimate range
High₹6,328.9Base₹5,860.1Low₹5,391.3
Jun '25: ₹18,829.0 · Sep '25: ₹5,219.0 · Dec '25: ₹6,616.0 · Mar '26: ₹7,691.0 · Sep '26: ₹5,860.1 · Dec '26: ₹7,428.7
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E18,829.05,219.06,616.07,691.05,860.17,428.7
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹17.60
Sep 2026 ETrend estimate range
High₹9.42Base₹8.42Low₹7.41
Jun '25: ₹14.69 · Sep '25: ₹5.61 · Dec '25: ₹7.43 · Mar '26: ₹17.60 · Sep '26: ₹8.42 · Dec '26: ₹11.15
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E14.695.617.4317.608.4211.15
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Supportive
78%
Analyst Consensus
Weakening

From 9 analysts

Mean upside+14.5%

Fundamentals

Strong

Fundamentals institutional score is 90 using growth durability 90.4.

Valuation

Attractive relative to peers

Valuation institutional score is 86 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 64 using mean target upside 14.5%; dispersion penalty 14.6; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 63 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 9 recent ticker-linked news items.

Signal Summary

Market intelligence remains Supportive. fundamentals and valuation provide support.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price314.9 target
Mean Upside+14.5%
Technical Score63%
Fundamental Score90%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 31.8% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.82). Confidence: 64%.

Live forward EPS implies next-12-month EPS of ₹32.15. Applying the stock's normalized valuation corridor produces a fair range of ₹384.84 to ₹620.17, with base value near ₹569.05 (+106.9% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹32.15

Forward P/E

8.6x

Base Fair Value

₹569.05

Fair Range

₹384.84 - ₹620.17

Upside To Base

+106.9%

Estimate Source

Live forward EPS

Growth Estimate

+72.2%

P/E
Strongly Undervalued

5Y Average

13.54

Current

12.07

Overvalued

19.29

Undervalued

11.97

EV/EBITDA
Undervalued

5Y Average

5.18

Current

4.62

Overvalued

6.90

Undervalued

3.20

P/B
Strongly Undervalued

5Y Average

4.49

Current

2.16

Overvalued

5.27

Undervalued

3.37

Peers & Comparison

Sector: Materials · Theme: Metals - Diversified

Metals - Diversified Peers5 peers
Avg P/E: 20.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
NLC INDIA LIMITED
NLCINDIAMetals - Diversified
-0.3%17.6%
12.0x
Undervalued
-43% vs avg
+22.6%
HINDUSTAN ZINC LIMITED
HINDZINCMining - Diversified
+71.7%38.1%
14.5x
Undervalued
-31% vs avg
+40.5%
SHREE CEMENT LIMITED
SHREECEMCement
+5.2%14.5%
56.3x
Premium
+169% vs avg
-15.1%
NMDC LTD.
NMDCMining - Iron Ore
+61.9%23.2%
10.0x
Undervalued
-52% vs avg
+20.5%
NATIONAL ALUMINIUM CO LTD
NATIONALUMMetals - Aluminium
+39.3%34.9%
11.5x
Undervalued
-45% vs avg
+104.6%
WHY THESE PEERS

VEDANTA LIMITED trades at a discount (12.1x vs peer avg 20.9x), suggesting potential undervaluation relative to the Metals - Diversified cohort. Peers include NLC INDIA LIMITED, HINDUSTAN ZINC LIMITED, SHREE CEMENT LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹7.69K CrMar 2026

Latest net profit

₹-370 CrMar 2026

Latest EPS

₹17.60Mar 2026

Net margin

-0.6%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26-6.0%0.0%6.0%12.0%18.0%-6.50K Cr0.00 Cr6.50K Cr13.00K Cr19.50K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr5.00K Cr10.00K Cr15.00K Cr20.00K Cr₹0₹5₹10₹15₹20
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit-3.00K Cr0.00 Cr3.00K Cr6.00K Cr9.00K Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
202120222023202420250.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales17,33715,90719,23617,83317,78116,71518,2884,3624,91018,8295,2196,6167,691
Expenses14,60314,10714,95914,65414,45812,95114,5644,4984,97315,3745,4336,5907,729
Operating Profit1,9189193,3022,1832,3862,7382,673-177-712,446-26717-49
OPM %11.06%5.78%17.17%12.24%13.42%16.38%14.62%-4.06%-1.45%12.99%-5.12%0.26%-0.64%
Other Income11,0591073,0722,3661853,4186,9632761813,074155123137
Interest1,2721,3351,4051,4091,5301,5841,6222594971,332428243453
Depreciation8168819759969371,0261,0514181,00953911
Profit before tax11,705-3094,9693,1401,0414,5728,014-160-3874,188-540-103-365
Tax %2.11%-12.62%10.85%8.28%26.51%8.51%8.91%-90.62%-11.37%9.12%-19.44%-42.72%-1.37%
Net Profit11,458-3484,4302,8807654,1837,300-305-4313,806-645-147-370
EPS in Rs39.989.160.068.290.2911.2427.264.563.6014.695.617.4317.60

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.38%56.38%56.38%56.38%56.38%
FII11.15%10.60%11.08%12.15%13.93%
DII16.46%16.55%16.33%15.32%13.63%
Government0.07%0.06%0.06%0.06%0.06%
Public11.71%12.02%11.83%11.65%11.62%
Others4.23%4.39%4.32%4.44%4.38%
Mar 2026
Promoters
FII
DII
Government
Public
Others

Events Timeline

Concall Transcript - FY2027

Jul 24, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 20, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 27, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 18, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 18, 2026PDFKnowledge Base Open