VEDLMetals & Mining

Vedanta Limited

Diversified Metals · ISIN INE205A01025 · BSE 500295 · NSE EQ · FV ₹1
Last price
₹257
+0.57%today
What this company does

Vedanta Limited operates in Diversified Metals, part of the Metals & Mining sector. It booked ₹24,205 cr of revenue in its latest quarter (Q1 FY27) and kept 22.6% of sales as profit. It is the largest of 4 Diversified Metals companies we track, by market value.

64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 12–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet46

How much it owes, and whether earnings cover the interest

Cash quality93

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation55

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 23% net margin
Profit up 72% vs last year
Promoters hold 55%
No promoter shares pledged
Strong 44% return on equity
Turns profit into real cash
Watch-outs
! Sales down 36% vs last year

What if I invest in VEDL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹257 +0.57%
latest close · 2026-09-17
1-year return
-10.5%
52-wk low ₹21652-wk high ₹441
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.1Low
LowAverageHigh
P/B ratio5.16High
Below bookModerateHigh
EV / EBITDA7.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity44.1%Strong
WeakFairStrong ▸15%
Return on capital15.8%Strong
WeakFairStrong
Net margin22.6%Strong
ThinDecentStrong
EBITDA margin37.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.39Comfortable
LowModerateHigh ▸1
Interest cover11.9×Strong
RiskyOkayStrong ▸5×
Current ratio0.77Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹2.56 L cr
Book value
₹50
EPS
₹7.95
latest quarter
Net debt
₹25,625 cr
owes more than its cash
Enterprise value
₹2.82 L cr
EBITDA
₹36,172 cr
annualised
EBIT
₹31,404 cr
annualised
Operating margin
32.4%
Return on assets
9.4%
Earnings yield
12.35%
P/S
2.65
Sales / share
₹97.2
Tax rate
26.4%
Face value
₹1
Shares
996.0 cr
Working capital
₹-8,213 cr
Current assets
₹26,810 cr
Current liabilities
₹35,023 cr
Delivery %
49.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹174 vs market price ₹257 — price is 48% above it
Safety cushion-48.2%(target ≥ +20%)
Models span ₹157₹278, midpoint ₹174
Model ₹174
Price ₹257
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹24,205 cr
Other Income₹542 cr
Total Income₹24,747 cr
Cost of Materials₹8,670 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-523 cr
Employee Benefit Expense₹413 cr
Finance Costs₹662 cr
Depreciation & Amortisation₹1,192 cr
Other Expenses₹7,144 cr
Total Expenses₹17,558 cr
Profit before Tax₹7,189 cr
Tax Expense₹1,895 cr
Net Profit₹7,918 cr
Net margin on total income32.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹8,147 cr29.8%
Employee benefit expense₹413 cr1.5%
Finance costs₹662 cr2.4%
Depreciation & amortisation₹1,192 cr4.4%
Other expenses₹7,144 cr26.1%
Tax expense₹1,895 cr6.9%
Profit for the period₹7,918 cr28.9%
Total income ₹24,747 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue23,369 cr24,609 cr24,205 cr
Total income23,861 cr25,027 cr24,747 cr
Expenses18,916 cr19,119 cr17,558 cr
Profit before tax4,746 cr5,908 cr7,189 cr
Tax1,074 cr1,658 cr1,895 cr
Net profit (owners' share)5,710 cr6,698 cr5,473 cr
Net margin (owners' share, on revenue)24.4%27.2%22.6%
EPS (₹)5.455.957.95
YoY (latest quarter): total income -36.2% · net profit +71.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2.33 L cr
Shareholder equity
₹49,652 cr
parent shareholders
Total debt
₹26,995 cr
Cash
₹1,370 cr
Cash flow · H1 FY26
Operating
₹16,226 cr
Investing
₹-10,499 cr
Financing
₹-5,094 cr
Peer comparison
Diversified Metals · by market value
CompanyPriceMarket capP/E
Vedanta Limitedthis company₹257₹2.56 L cr8.1
Jain Resource Recycling Limited₹274₹9,457 cr33.9
Pondy Oxides & Chemicals Limited₹470₹3,587 cr25.0
Ardee Industries Limited₹49₹1,248 cr15.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
4.27%
trailing 12 months
Dividend / share (TTM)
₹11
Last dividend
₹11
ex 27 Mar 2026
ActionDetailEx-date
Dividend₹11 / share27 Mar 2026
Dividend₹16 / share26 Aug 2025
Dividend₹7 / share24 Jun 2025
Dividend₹8.5 / share24 Dec 2024
Dividend₹20 / share10 Sep 2024
Dividend₹4 / share2 Aug 2024
Who owns it · 2026-06-30
No pledge
Promoter
54.7%
FII / Foreign
15.8%
DII / Domestic
10.8%
Retail / others
18.5%
Promoter stake down 9.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtTarun Jain · Employees/Designated Employees3,995 · ₹10.7 L26 Jul 21
SoldSatyapriya · Employees/Designated Employees2,667 · ₹7.1 L31 May 21
BoughtSatyapriya · Employees/Designated Employees2,667 · ₹7.0 L28 May 21
Bulk / block deals
short · NSE2515 Sep 26
short · NSE3989 Sep 26
short · NSE2008 Sep 26
Stake changes
SoldKroll Trustee Services (HK) Limited (formerly, Madison Pacific Trust Limited) (in its capacity as the Agent under the Facilities Agreements, acting for the benefit of the lenders)→ 0.00% · 213.97 cr21 Aug 26
BoughtCiticorp International Ltd→ 51.93%7 Aug 26
SoldAxis Trustee Services Limited (in its capacity as the offshore security agent under the Facility Agreement, appointed pursuant to the Offshore Security Agent Agreement, acting for the benefit of the secured parties)→ 0.00% · 213.97 cr7 Aug 26
Promoter pledges
ReleasedKroll Trustee Services (HK) Limited (formerly, Madison Pacific Trust Limited), acting as Agent for the benefit of the Lenders10.73 cr · 2.75% held21 Aug 26
ReleasedAxis Trustee Service Limited10.73 cr · 2.75% held7 Aug 26
ReleasedCiticorp International Limited3.82 cr · 0.98% held7 Aug 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 10 Jul 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2025, and the reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
103.60 cr votes for, 14.94 L against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2025, and the report of the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
103.60 cr votes for, 14.95 L against · 0% of mutual funds and other big investors said no
3
To confirm the interim dividend(s) for the financial year ended 31 March 2025
Backed by 100% of shareholders other than promotersneeded 50%
103.73 cr votes for, 3.28 L against · 0% of mutual funds and other big investors said no
4
To re-appoint Ms. Priya Agarwal Hebbar (DIN: 05162177), who retires by rotation and being eligible, offers herself for re-appointment, as a Director
Backed by 85% of shareholders other than promotersneeded 50%
88.42 cr votes for, 15.34 cr against · 16% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 30 named members
owning 54.7% between them · as of 2026-06-30
TWIN STAR HOLDINGS LTD38.35%
VEDANTA HOLDINGS MAURITIUS II LIMITED12.60%
VEDANTA HOLDINGS MAURITIUS LIMITED2.75%
WELTER TRADING LIMITED0.98%
VEDANTA NETHERLANDS INVESTMENTS B.V.0.04%
ANIL AGARWALno shares
ANIL AGARWAL DISCRETIONARY TRUSTno shares
ANKIT AGARWALno shares
Business done with them
FY2026 · 4 of the group
The company paid ₹7,321 cr to companies in the promoter group last year — about 9.3% of its ₹78,437 cr revenue and received ₹458 cr back from them.
Twin Star Holdings Limited
Other payments to them · Other income-Interest and guarantee commission, Dividend paid, Long term borrowings repaid during the year
also owns 38.35% of the company
₹5,320 cr
company paid
Twin Star Holdings Limited
Transfers Under Finance Agreements To Entity · Other income-Interest and guarantee commission, Dividend paid, Long term borrowings repaid during the year
also owns 38.35% of the company
₹1,856 cr
company paid
Twin Star Holdings Limited
Other income from them · Other income-Interest and guarantee commission, Dividend paid, Long term borrowings repaid during the year
also owns 38.35% of the company
₹458 cr
company received
Welter Trading Limited
Other payments to them · Dividend paid
also owns 0.98% of the company
₹130 cr
company paid
Agnivesh Agarwal
Other payments to them · Remuneration to relatives of key management personnel
₹13 cr
company paid
Priya Agarwal
Other payments to them · Commission/ Sitting Fees
₹2 cr
company paid

The company also transacted with 48 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹8,500 cr raised in Jul 2024 by selling shares to large investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. ICRA Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.