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Vedanta Limited
(VEDL)
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Rating:60Neutral
Price Target:
₹296.00
▼(-51.92% Downside)
Action:Reiterated
Date:06/24/26
The score is supported primarily by strong cash generation and an attractive valuation (low P/E and ~4.5% yield). However, elevated leverage and a sharp FY2026 revenue decline increase fundamental risk, and technical indicators show bearish momentum with the stock trading well below key moving averages.
Positive Factors
Diversified asset base
Vedanta's mix of zinc, aluminum, copper, iron ore, oil & gas and captive power creates multiple durable revenue streams. That structural diversification reduces single-commodity exposure, helps smooth cash flows across cycles and lets captive power lower smelting energy costs over the medium term.
Negative Factors
Elevated leverage
Sustained high leverage limits balance-sheet flexibility and increases fixed financing costs, making the company more vulnerable during commodity downturns. Even with good cash flow, elevated debt ratios constrain capacity for opportunistic investments, acquisitions, or absorbing prolonged price weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified asset base
Vedanta's mix of zinc, aluminum, copper, iron ore, oil & gas and captive power creates multiple durable revenue streams. That structural diversification reduces single-commodity exposure, helps smooth cash flows across cycles and lets captive power lower smelting energy costs over the medium term.
Read all positive factors
Vedanta Limited (VEDL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.05T
Dividend Yield8.78%
Average Volume (3M)653.91K
Price to Earnings (P/E)5.9
Beta (1Y)1.26
Revenue Growth-17.85%
EPS Growth14.23%
CountryIN
Employees16,090
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)44.52
Shares Outstanding3,910,388,000
10 Day Avg. Volume582,681
30 Day Avg. Volume653,909
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)6.26
Price to Sales (P/S)3.26
P/FCF Ratio16.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹312.00Price Target Upside-49.32% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)21.99
Revenue Forecast (FY)₹928.83B
Vedanta Limited Business Overview & Revenue Model
Company Description
Vedanta Limited is an extensive Indian natural resources conglomerate involved in the entire lifecycle from discovery and extraction to the processing and global sale of a diverse array of commodities. These include crude oil and natural gas, alon...
How the Company Makes Money
Vedanta primarily makes money by producing and selling commodities derived from its mining, smelting, and hydrocarbon operations. Its key revenue streams typically include: (1) Zinc-lead-silver: revenue from mining and processing ore into refined ...
Vedanta Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 784.37B | 1.51T | 1.42T | 1.46T | 1.32T |
| Gross Profit | 383.04B | 752.54B | 701.62B | 669.65B | 719.34B |
| EBITDA | 247.53B | 423.11B | 356.27B | 351.66B | 451.42B |
| Net Income | 173.91B | 149.88B | 42.39B | 105.74B | 188.02B |
Balance Sheet | |||||
| Total Assets | 2.33T | 2.03T | 1.91T | 1.95T | 1.98T |
| Cash, Cash Equivalents and Short-Term Investments | 160.67B | 210.54B | 174.23B | 185.15B | 324.95B |
| Total Debt | 329.47B | 751.86B | 727.59B | 666.28B | 535.83B |
| Total Liabilities | 1.65T | 1.50T | 1.49T | 1.46T | 1.16T |
| Stockholders Equity | 408.31B | 412.12B | 307.22B | 394.23B | 653.83B |
Cash Flow | |||||
| Free Cash Flow | 156.87B | 225.57B | 189.02B | 192.78B | 243.33B |
| Operating Cash Flow | 365.63B | 395.62B | 356.54B | 330.65B | 349.63B |
| Investing Cash Flow | -264.86B | -191.90B | -136.86B | -6.93B | -22.53B |
| Financing Cash Flow | -84.66B | -192.23B | -260.92B | -341.42B | -289.03B |
Vedanta Limited Technical Analysis
Negative
615.60
Price Trends
305.09
Negative
285.17
Negative
245.82
Positive
Market Momentum
-10.59
Positive
30.76
Neutral
6.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VEDL, the sentiment is Negative. The current price of 615.6 is above the 20-day moving average (MA) of 281.21, above the 50-day MA of 305.09, and above the 200-day MA of 245.82, indicating a neutral trend. The MACD of -10.59 indicates Positive momentum. The RSI at 30.76 is Neutral, neither overbought nor oversold. The STOCH value of 6.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VEDL.
Vedanta Limited Risk Analysis
Vedanta Limited disclosed 59 risk factors in its most recent earnings report. Vedanta Limited reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vedanta Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹2.23T | 16.12 | ― | 4.64% | 19.84% | 33.60% | |
77 Outperform | ₹670.00B | 11.45 | ― | 3.62% | 6.29% | 10.05% | |
74 Outperform | ₹747.22B | 10.01 | ― | 4.05% | 34.16% | 13.94% | |
65 Neutral | ₹2.19T | 15.85 | ― | 0.58% | 15.28% | -16.31% | |
60 Neutral | ₹1.05T | 5.85 | ― | 8.78% | -17.85% | 14.23% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹1.06T | 31.45 | ― | 0.20% | 6.95% | 18.97% |
* General Sector Average
IN:VEDL
Vedanta Limited
260.60
102.28
64.60%
IN:HINDALCO
Hindalco Industries Limited
955.50
289.44
43.45%
IN:HINDZINC
Hindustan Zinc Limited
527.40
98.19
22.88%
IN:JINDALSTEL
Jindal Steel Limited
1,042.95
95.13
10.04%
IN:NATIONALUM
National Aluminium Co. Ltd.
361.45
180.61
99.88%
IN:NMDC
NMDC Limited
84.91
18.34
27.55%
Vedanta Limited Corporate Events
Vedanta schedules 61st virtual AGM, details e-voting and compliance steps
Jun 21, 2026
Vedanta Limited has notified stock exchanges that its 61st Annual General Meeting will be held on July 14, 2026, at 3:00 p.m. IST through video conferencing and other audio-visual means, with remote e-voting and book closure arrangements in place....
Vedanta Oil and Gas to Host Sell-Side Analyst Meet in Mumbai
Jun 21, 2026
Vedanta Oil and Gas Limited has announced it will host a physical group meeting in Mumbai on June 24, 2026, as part of a sell-side analyst engagement event. The company has made its latest analyst presentations available on its website and noted t...
Vedanta Discloses Downward Revision in Independent ESG Rating
May 1, 2026
Vedanta Limited disclosed that its environmental, social and governance rating assigned by NSE Sustainability Ratings and Analytics has been revised to 54 from the previously disclosed score of 57. The change, communicated by BSE at the end of Apr...
Vedanta publishes FY26 audited results in newspapers and online
Apr 30, 2026
Vedanta Limited has published its audited financial results for the fourth quarter and full year ended 31 March 2026 in leading newspapers Financial Express and Loksatta, in line with Indian securities listing regulations. The company has also upl...
Vedanta posts record FY26 profit and revenue as margins and balance sheet strengthen
Apr 29, 2026
Vedanta Limited reported its best-ever financial performance for the quarter and year ended 31 March 2026, driven by record revenue, EBITDA and profit after tax, alongside stronger margins. Quarterly PAT surged 89% year-on-year to ₹9,352 cro...
Vedanta posts record FY26 results and sharp profit surge as demerger nears
Apr 29, 2026
Vedanta Limited reported its strongest-ever annual and quarterly performance, with record revenue, EBITDA and profit after tax for the fourth quarter and full year ended 31 March 2026. The company also delivered robust free cash flow, improved its...
Vedanta Revamps Board, Auditor Line-Up and Dividend Policy
Apr 29, 2026
Vedanta Limited’s board has approved the appointment of M S K A Associates LLP as its new statutory auditor for a five-year term, replacing S.R. Batliboi Co. LLP upon completion of the latter’s mandated tenure. The change underscores...
Vedanta Reshapes Audit, Board and Dividend Policy Amid Demerger
Apr 29, 2026
Vedanta Limited’s board has approved the appointment of M S K A Associates LLP as statutory auditors for a five-year term, replacing S.R. Batliboi Co. LLP following completion of their permissible tenure under Indian company law. The move ...
Vedanta Revamps Board, Auditor Line-Up and Dividend Policy Ahead of Demerger
Apr 29, 2026
Vedanta’s board has approved the appointment of M S K A Associates LLP as its new statutory auditor for a five-year term starting after the 61st annual general meeting, replacing S.R. Batliboi Co. upon completion of their mandated tenure. ...
Vedanta Revamps Dividend Policy, Auditor Line-up and Board Amid Demerger
Apr 29, 2026
Vedanta Limited’s board has approved several governance and capital-allocation changes alongside its latest annual results, including the appointment of M S K A Associates LLP as statutory auditors for a five-year term, replacing S.R. Batli...
Vedanta Reports Fatal Accident at Athena Power Plant in Chhattisgarh
Apr 14, 2026
Vedanta Limited reported a serious industrial accident at the Unit-1 boiler of its Athena Power plant in Singhitarai, Chhattisgarh, involving personnel from subcontractor NGSL. The incident has affected 24 subcontracted workers, with 10 fatalities...
Vedanta Promoter Confirms No New Share Encumbrances in FY 2025-26
Apr 9, 2026
Vedanta Netherlands Investments B.V., a promoter entity of Vedanta Limited, has notified Indian stock exchanges under takeover regulations that it has not created any new encumbrances on its shareholding in Vedanta during the 2025-26 financial yea...
Vedanta publishes March 2026 ‘Insights’ update for stakeholders
Apr 2, 2026
Vedanta Limited has notified the stock exchanges that it has released its March 2026 edition of “Insights by Vedanta,” a periodic communication providing updates on the group’s performance, portfolio and purpose-driven initiative...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.