Vedanta Limited

NSE: VEDL · Metals & Mining · sector

₹227.50NSE close 2026-10-26

Key numbers

Market cap₹88,952 cr

Price₹227.50

52w high / low₹795 / ₹228

P/E4.5xSector median 24.9x

P/B1.8xSector median 3.9x

Book value₹127.0

Dividend yield16.67%Sector median 8.51%

ROE43.3%Sector median 23.2%

ROCE35.6%Sector median 21.6%

OPM28.6%Sector median 6.8%

Debt / equity0.54xSector median 0.54x

EV/EBITDA3.1xSector median 14.2x

Interest cover6.1x

Current ratio0.77x

Sales growth 3y-18.9%Sector median +3.6%

Profit growth 3y+18.0%Sector median +19.2%

PEG0.28x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 4 companies in Metals & Mining (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹17,874 cr vs borrowings ₹26,995 cr (FY26): borrowings are higher by ₹9,121 cr.
Operating profit covered interest 6.1x in the last 12 months.
No promoter shares are pledged.
Promoter holding fell by 1.66 percentage points in a year, to 54.72% (2026-09-30).
Operating cash flow was below net profit in 0 of the last 5 years.
Revenue was higher than a year earlier in 1 of the last 4 quarters.
Other income was 10% of net profit in the last 12 months.
Dividend paid in 4 of the last 5 financial years.
Price ₹227.50 on 2026-10-26: -71.4% from the 52-week high, 0.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹787.50 · low ₹227.50

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	37,634	39,115	40,455	37,824	39,868	23,369	24,609	24,205
EBITDA	11,696	11,104	11,466	9,918	9,330	6,667	7,559	8,501
OPM %	31.1%	28.4%	28.3%	26.2%	23.4%	28.5%	30.7%	35.1%
Other income	1,300	680	761	985	596	492	418	542
Net profit	4,352	4,876	3,483	3,185	1,798	5,710	6,698	5,473
EPS (₹)	11.26	9.09	8.92	8.15	4.61	14.62	17.15	14.02
Revenue YoY					+5.9%	-40.3%	-39.2%	-36.0%
Profit YoY					-58.7%	+17.1%	+92.3%	+71.8%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	1,32,732	1,47,308	1,43,727	1,52,968	78,437	1,12,051
EBITDA	44,056	34,205	38,001	44,211	23,204	32,057
Net profit	18,802	10,574	4,239	14,988	17,391	19,679
EPS (₹)	50.73	28.50	11.42	38.97	44.58	50.40
Revenue growth		+11.0%	-2.4%	+6.4%	-48.7%	-27.7%
Profit growth		-43.8%	-59.9%	+253.6%	+16.0%	+23.8%
Dividend / share (₹)	–	81.00	50.00	43.50	34.00

Compounded growth	3 years	5 years	Last 12 months
Sales	-18.9%	-2.0%	-27.7%
Net profit	+18.0%	+8.4%	+23.8%
EPS	+16.1%	+7.3%	–
Share price	–	-29.4% (2y)	-50.2%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	39,423	30,722	41,212	49,652
Borrowings	–	66,182	71,758	73,853	26,995
Cash & equivalents	–	21,890	15,209	20,749	17,874
Total assets	–	1,96,356	1,90,807	2,03,293	2,33,237
Fixed assets	–	93,607	96,715	97,834	30,027
Capital work in progress	–	17,434	20,331	30,939	10,310
Investments	–	514	987	1,623	1,252
Receivables	–	4,014	3,607	3,636	1,305
Inventory	–	15,012	13,001	14,474	5,414
Payables	–	11,043	10,095	10,195	7,250

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	34,963	33,065	35,654	39,562	39,499
Cash from investing	-2,253	-693	-13,686	-19,190	-24,338
Cash from financing	-28,903	-34,142	-26,092	-19,223	-13,549
Capex	10,630	13,787	16,752	17,005	20,876
Free cash flow	24,333	19,278	18,902	22,557	18,623

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	26.8%	13.8%	36.4%	35.0%
ROCE %	–	25.1%	29.1%	32.0%	26.0%
Debtor days	–	10	9	9	6
Inventory days	–	124	107	108	66
Payable days	–	91	83	76	88
Cash conversion cycle (days)	–	43	33	41	-16
Working capital days	–	-68	-68	-52	-38

Shareholding

Holder	% (2026-09-30)
Promoters	54.72%
FIIs	15.78%
DIIs	10.69%
of which Mutual funds	5.09%
of which Insurance	5.00%
Government	0.06%
Public (non-institutions)	18.58%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	56.38%	56.38%	56.38%	56.38%	56.38%	56.38%	54.72%	54.72%

Promoter group	%
Twin Star Holdings Ltd	38.35%
Vedanta Holdings Mauritius II Limited	12.60%
Vedanta Holdings Mauritius Limited	2.75%
Welter Trading Limited	0.98%
Vedanta Netherlands Investments B.V.	0.04%
Pravin Agarwal	0.00%
Suman Didwania	0.00%
Ankit Agarwal	0.00%
Sakshi Mody	0.00%
Anil Agarwal	0.00%
Navin Agarwal	0.00%
Kiran Agarwal	0.00%
Priya Agarwal	0.00%
Pratik Agarwal	0.00%
Hare Krishna Packaging PVT Limited	0.00%

Public holders above 1%	%
Life Insurance Corporation of India	4.03%
PTC Cables Private Limited	2.10%
ICICI Prudential Fund	1.41%

25,93,300 shareholders. Pledged: 0.00% of promoter shares.

Peers in Metals & Mining

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
VEDL	₹88,952 cr	4.5x	1.8x	43.3%	35.6%	28.6%	-18.9%	16.67%
JAINREC	₹9,756 cr	26.5x	6.2x	23.2%	20.9%	5.4%	–	–
POCL	₹3,050 cr	24.9x	3.9x	20.6%	21.6%	6.8%	+26.1%	0.35%
ARDEE	₹1,096 cr	–	–	–	–	–	–	–

All 4 companies in Metals & Mining →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Aluminium	₹65,847 cr	36.9%	₹23,482 cr	35.7%
Zinc,Lead and Silver	₹39,057 cr	21.9%	₹18,258 cr	46.7%
Copper	₹31,069 cr	17.4%	₹-102 cr	-0.3%
Others	₹12,590 cr	7.1%	₹-252 cr	-2.0%
Oil & Gas	₹9,582 cr	5.4%	₹2,466 cr	25.7%
Power	₹9,026 cr	5.1%	₹1,042 cr	11.5%
Iron Ore	₹6,457 cr	3.6%	₹760 cr	11.8%
Zinc-International	₹4,860 cr	2.7%	₹548 cr	11.3%

Dividends & corporate actions

Ex-date	Action	Detail
2026-10-14	Dividend	Interim Dividend - Rs 5 Per Share
2026-04-30	Restructuring	Demerger
2026-03-27	Dividend	Interim Dividend - Rs 11 Per Share
2025-08-26	Dividend	Interim Dividend - Rs 16 Per Share
2025-06-24	Dividend	Interim Dividend - Rs 7 Per Share
2024-12-24	Dividend	Interim Dividend - Rs 8.50 Per Share
2024-09-10	Dividend	Interim Dividend - Rs 20 Per Share
2024-08-02	Dividend	Interim Dividend - Rs 4 Per Share
2024-07-04	Other	Annual General Meeting
2024-05-24	Dividend	Interim Dividend - Rs 11 Per Share
2023-12-27	Dividend	Interim Dividend - Rs 11 Per Share
2023-07-06	Other	Annual General Meeting
2023-05-30	Dividend	Interim Dividend - Rs 18.50 Per Share
2023-04-06	Dividend	Interim Dividend - Rs 20.50 Per Share
2023-02-03	Dividend	Interim Dividend - Rs 12.50 Per Share
2022-11-29	Dividend	Interim Dividend - Rs 17.50 Per Share
2022-08-03	Other	Annual General Meeting
2022-07-26	Dividend	Interim Dividend- Rs 19.50 Per Share
2022-05-06	Dividend	Interim Dividend - Rs 31.5 Per Share
2022-03-09	Dividend	Interim Dividend

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Metal and Metal products
Mining and quarrying: Extraction of Crude petroleum and natural gas
Mining and quarrying: Mining of metal ores


Sector	Commodities
Industry	Metals & Mining
Sub-industry	Diversified Metals
Symbol	VEDL
BSE code	500295
ISIN	INE205A01025
Face value	₹1.0
Incorporated	1965-06-25
Website	www.vedantalimited.com
Plants (India / abroad)	215 / 9

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.