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Vedanta Limited

Vedanta Limited

VEDL.NS
Vedanta LimitedIN flagNational Stock Exchange of India
328.20
INR
-5.35
- -
1.28TMarket Cap
Vedanta Limited
VEDL.NS
(National Stock Exchange of India)

Recent

price

328.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
106.49
95.62
31.63
244.6
247.41
215.68
242.01
231.21
238.03
225.66
234.49
353.97
391.96
381.38
160.18
- -
215.4
Revenue per Share
49.17
31.01
-1.51
5.22
-43.29
-42.21
18.57
3.47
13.03
-16.54
30.47
50.73
28.5
11.4
38.97
- -
39.92
Basic EPS, GAAP
29.63
16.99
0.26
13.81
35.17
34.24
71.15
88.1
31.07
28.14
61.31
65.65
51.97
50.84
58.65
- -
- -
Free Cash Flow per Basic Share
- -
6.43
2.32
2.96
3.5
5.85
1.75
36.53
18.28
3.9
9.5
45.01
80.76
49.95
43.61
- -
- -
Dividend per Share
1.01
1
1
160.67
114.81
66.76
125.9
77.43
74.64
55.87
75.03
12.65
-60.34
-78.38
-63.29
- -
1
Book Value per Share
149.18
151.9
176.04
423.39
344.69
259.68
238.7
188.42
189.64
182.08
196.14
221.13
131.64
111.09
137.99
- -
173.65
Tangible Book Value per Share
859
869
869
2,965
2,965
2,965
2,964
3,952
3,819
3,702
3,704
3,706
3,710
3,718
3,846
- -
3,906
Basic Weighted Avg Shares
91,441
83,101
27,489
725,243
733,579
639,493
717,207
913,720
909,012
835,446
868,630
1,311,920
1,454,040
1,417,930
616,050
766,720
841,440
Sales/Revenue/Turnover
61.79
43.11
11.59
17.58
-40.79
-42.04
21.3
24.46
15.98
-4.78
21.51
27.45
16.7
17.51
23.29
23.96
22.3
Operating Margin (%)
964
1,061
1,975
121,887
111,091
83,343
61,477
74,879
96,146
100,490
81,178
89,190
105,970
107,440
111,390
98,070
- -
Depreciation Expense
42,224
26,955
-1,310
15,466
-128,350
-125,153
55,033
13,705
49,775
-61,248
112,883
188,020
105,740
42,390
149,880
173,910
155,930
Net Income, GAAP
24.05
32.64
- -
35.76
- -
- -
27.84
58.61
35.25
- -
11.49
28.08
28.46
62.98
20.23
27.13
25.91
Effective Tax Rate (%)
46.18
32.44
-4.77
2.13
-17.5
-19.57
7.67
1.5
5.48
-7.33
13
14.33
7.27
2.99
24.33
22.68
18.53
Profit Margin (%)
19,340
-16,603
-25,472
281,231
268,429
213,237
-32,699
-104,630
-165,918
-48,727
-26,804
28,430
-265,400
-267,370
-218,100
1,510,270
1,510,270
Working Capital
9,994
11,162
11,792
547,375
517,852
493,784
332,654
267,888
347,209
369,277
381,225
363,300
436,100
511,680
532,830
165,350
165,350
LT Debt
128,104
151,182
174,754
1,262,343
1,028,608
776,258
713,788
752,930
731,946
681,895
734,049
827,040
494,270
420,690
537,530
685,770
685,770
Total Equity
36.23
14.76
- -
7.45
- -
- -
7.51
6.61
6.87
- -
12.81
19.3
13.69
7.86
9.25
11.75
12.2
Return on Invested Capital (%)
270.44
115.93
- -
0.4
- -
- -
3.77
0.05
5.41
- -
12.48
19.48
16.68
7.44
21.09
20.69
21.77
Return on Capital (%)
4,967.3
3,101.48
-150.77
6.48
-31.43
-46.49
19.27
4.04
16.84
-24.9
46.57
115.77
- -
- -
- -
- -
5,225.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
113,090
LT Borrowings
- -
- -
162,090
LT Finance Leases
- -
- -
3,260
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,905
- -
3,905
Market Capitalization
1,818,914
2,360,845
2,557,894

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
1,860,500
Cash, Cash Equivalents & STI
- -
- -
181,510
Accounts Receivable, Net
- -
- -
13,050
Inventories
- -
- -
54,140
Total Current Liabilities
- -
- -
350,230
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
113,090
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.83%
2.58%
27.58%
Free Cash Flow
19.9%
-2.74%
-17.44%
Net Income, GAAP
-23.07%
46.5%
16.03%
Sales/Revenue/Turnover
6.22%
5.46%
24.46%
Total Cash Common Dividend
300.95%
77.03%
-20.83%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
333,420
385,460
349,680
349,370
1,417,930
2025
352,390
371,710
167,420
164,130
616,050
2026
374,340
- -
229,790
237,310
766,720

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.11
-4.8
5.42
- -
11.4
2025
9.72
11.26
9.09
8.92
38.97
2026
8.15
- -
14.62
17.15
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
49.95
2025
- -
- -
- -
- -
43.61
2026
- -
- -
- -
- -
- -
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Business
Vedanta Limited is a diversified natural resources company engaged in the production of metals and minerals, including aluminium, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, ferro alloys, nickel, semiconductors and display glass. The company offers a broad portfolio of products such as aluminium ingots, primary foundry alloys, wire rods, billets and rolled products; zinc, lead and silver concentrates and refined metals; iron ore fines and lumps, pig iron, billets, TMT bars and structural steel; refined copper cathodes, continuous cast copper rods and copper alloys; ferrochrome and ferro alloys; crude oil and natural gas; and commercial power generated from thermal, wind and solar sources. It operates world-class strategic assets primarily in India, with additional operations in South Africa, Namibia and Liberia, serving industries including power, transportation, construction, packaging, defence, automotive, aerospace, steelmaking and infrastructure. Founded in 1965 and headquartered in Mumbai, India, Vedanta Limited functions as a subsidiary of Vedanta Resources plc and maintains significant stakes in key subsidiaries such as Hindustan Zinc Limited, Bharat Aluminium Company Limited (BALCO) and Sterlite Copper. The company targets global markets across Asia-Pacific, Europe, the Middle East, Africa and North America, with a focus on value-added products (VAP) and emerging sectors like critical minerals, electric vehicles (EV) and advanced technology materials. In recent developments, Vedanta Limited received Competition Commission of India (CCI) approval in October 2025 for its ₹17,000 crore acquisition of Jaiprakash Associates Limited under the Insolvency and Bankruptcy Code, expanding into cement and infrastructure with upfront payment of ₹3,800 crore and synergies in industrial operations. The company committed nearly USD 500 million (approximately ₹4,300 crore) in November 2024 to its subsidiary AvanStrate Inc., a display glass manufacturer, to enhance R&D, manufacturing capacity and product diversification for semiconductors, biotechnology and automotive displays following its acquisition of a 98% stake earlier that year. Additional strategic moves include a planned ₹30,000 crore investment in Odisha for job creation and economic growth, a ₹8,500 crore qualified institutional placement (QIP) in 2024, expansion of renewable energy to 1 GW, and initiatives in critical minerals and EV metals with over ₹12,500 crore allocated for aluminium smelter capacity, zinc alloys and value-added products. In 2023, Vedanta announced a demerger into separate listed entities for its business units and entered partnerships for semiconductors and display glass, aligning with India's manufacturing self-reliance goals.