Vedanta Limited (IN:VEDL)
:VEDL
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Vedanta Limited
(VEDL)
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Rating:65Neutral
Price Target:
₹363.00
▼(-41.03% Downside)
Action:Reiterated
Date:05/05/26
The score is driven primarily by solid cash-flow generation but tempered by meaningful leverage and a sharp FY2026 revenue drop. Technicals are supportive with price trending above major moving averages and positive MACD, while valuation appears reasonable with a moderate P/E and a ~2.49% dividend yield.
Positive Factors
Cash generation
Consistently positive free cash flow and a notable FY2026 surge meaningfully strengthen liquidity and internal funding capacity. Over the medium term this improves ability to fund capex, service debt, and sustain operations through cycles, reducing reliance on external financing.
Negative Factors
Elevated leverage
Sustained high leverage limits financial flexibility and raises refinancing and covenant risks during downturns. With debt-to-equity above 1x historically, the company faces greater interest burden and constrained capacity for opportunistic investments or dividends if commodity headwinds persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistently positive free cash flow and a notable FY2026 surge meaningfully strengthen liquidity and internal funding capacity. Over the medium term this improves ability to fund capex, service debt, and sustain operations through cycles, reducing reliance on external financing.
Read all positive factors
Vedanta Limited (VEDL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.20T
Dividend Yield8.78%
Average Volume (3M)653.91K
Price to Earnings (P/E)6.9
Beta (1Y)1.31
Revenue Growth-17.85%
EPS Growth14.22%
CountryIN
Employees17,526
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)30.76
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)5.14
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
₹318.00Price Target Upside-48.34% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)18.19
Revenue Forecast (FY)₹1.92T
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.56T | 784.37B | 1.51T | 1.42T | 1.46T | 1.32T |
| Gross Profit | 734.05B | 383.04B | 752.54B | 701.62B | 669.65B | 719.34B |
| EBITDA | 422.32B | 247.53B | 423.11B | 356.27B | 351.66B | 451.42B |
| Net Income | 120.13B | 173.91B | 149.88B | 42.39B | 105.74B | 188.02B |
Balance Sheet | ||||||
| Total Assets | 2.17T | 2.33T | 2.03T | 1.91T | 1.95T | 1.98T |
| Cash, Cash Equivalents and Short-Term Investments | 218.59B | 178.74B | 210.54B | 174.23B | 185.15B | 324.95B |
| Total Debt | 1.03T | 329.47B | 751.86B | 727.59B | 666.28B | 535.83B |
| Total Liabilities | 1.62T | 1.65T | 1.50T | 1.49T | 1.46T | 1.16T |
| Stockholders Equity | 401.44B | 496.52B | 412.12B | 307.22B | 394.23B | 653.83B |
Cash Flow | ||||||
| Free Cash Flow | 59.71B | 156.87B | 225.57B | 189.02B | 192.78B | 243.33B |
| Operating Cash Flow | 162.26B | 365.63B | 395.62B | 356.54B | 330.65B | 349.63B |
| Investing Cash Flow | -104.99B | -264.86B | -191.90B | -136.86B | -6.93B | -22.53B |
| Financing Cash Flow | -50.94B | -84.66B | -192.23B | -260.92B | -341.42B | -289.03B |
Vedanta Limited Technical Analysis
Negative
615.60
Price Trends
307.09
Negative
281.40
Positive
236.07
Positive
Market Momentum
-2.94
Positive
43.13
Neutral
39.28
Neutral
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 319.84, above the 50-day MA of 307.09, and above the 200-day MA of 236.07, indicating a neutral trend. The MACD of -2.94 indicates Positive momentum. The RSI at 43.13 is Neutral, neither overbought nor oversold. The STOCH value of 39.28 is Neutral, 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹2.41T | 17.46 | ― | 4.64% | 19.84% | 33.60% | |
77 Outperform | ₹675.42B | 11.65 | ― | 3.62% | 6.29% | 10.05% | |
74 Outperform | ₹777.99B | 10.43 | ― | 4.05% | 34.16% | 13.94% | |
65 Neutral | ₹1.20T | 6.87 | ― | 8.78% | -17.85% | 14.22% | |
65 Neutral | ₹2.27T | 16.72 | ― | 0.58% | 15.28% | -16.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹1.15T | 34.19 | ― | 0.20% | 6.95% | 18.97% |
* Basic Materials Sector Average
IN:VEDL
Vedanta Limited
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143.94
91.79%
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Vedanta Limited Corporate Events
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...
Vedanta Raises ₹2,575 Crore via Private NCD Allotment
Mar 16, 2026
Vedanta Limited has approved the allotment of 257,500 Indian-rupee denominated, unsecured, redeemable, rated, listed non-convertible debentures with a face value of ₹1,00,000 each. The issue, placed on a private placement basis and aggregati...
Vedanta Raises ₹2,575 Crore via Non-Convertible Debenture Allotment
Mar 16, 2026
Vedanta Limited has approved the allotment of 257,500 Indian-rupee denominated, unsecured, redeemable, rated, listed non-convertible debentures of ₹100,000 each, raising a total of ₹2,575 crore via private placement. The move underscor...
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.