VEDL

Vedanta Limited

Diversified natural resources company with zinc, copper, ferrochrome and port operations

Commodities›Metals & Mining›Diversified Metals›Diversified Metals

vedantalimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹246.10
Market cap
96,225 Cr
Stock P/E
4.9
P/B
1.94
Dividend yield
15.4%
ROE (FY26)
25.4%
ROCE (FY26)
40.0%
Operating margin (FY26)
23.4%
Debt / equity (FY26)
0.54
OCF / EBITDA (FY26)
170.4%
OCF / EBITDA (3Y)
113.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Vedanta mines and sells zinc, lead and silver and also makes copper and ferrochrome, after its aluminium, oil and gas, iron ore and power businesses were demerged with effect from 1 May 2026.

Company snapshot

1stBy market cap

Ranked among 4 companies in Diversified Metals.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 37.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Aluminium
37.8%
42,555 Cr13,140 Cr—
Copper
15.0%
16,913 Cr-63 Cr—
Iron Ore
4.1%
4,559 Cr695 Cr—
Oil & Gas
7.5%
8,386 Cr3,452 Cr—
Others
6.6%
7,423 Cr623 Cr—
Power
4.2%
4,735 Cr606 Cr—
Zinc,Lead and Silver
21.4%
24,098 Cr12,554 Cr—
Zinc-International
2.5%
2,810 Cr917 Cr—

What we see

Positives
  • ✓Net margin of 32.0% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales38,945 Cr35,541 Cr35,509 Cr35,764 Cr37,634 Cr39,115 Cr40,455 Cr37,824 Cr39,868 Cr23,369 Cr24,609 Cr24,205 Cr
Operating expenses (approx.)27,466 Cr27,010 Cr26,741 Cr25,819 Cr27,806 Cr28,011 Cr28,989 Cr27,906 Cr28,471 Cr16,503 Cr17,050 Cr15,704 Cr
EBITDA11,479 Cr8,531 Cr8,768 Cr9,945 Cr9,828 Cr11,104 Cr11,466 Cr9,918 Cr11,397 Cr6,866 Cr7,559 Cr8,501 Cr
OPM %29.5%24.0%24.7%27.8%26.1%28.4%28.3%26.2%28.6%29.4%30.7%35.1%
Other income640 Cr779 Cr584 Cr934 Cr1,300 Cr680 Cr761 Cr985 Cr596 Cr492 Cr418 Cr542 Cr
Interest2,523 Cr2,417 Cr2,415 Cr2,222 Cr2,667 Cr2,442 Cr2,583 Cr2,026 Cr2,110 Cr989 Cr737 Cr662 Cr
Depreciation2,642 Cr2,788 Cr2,743 Cr2,731 Cr2,696 Cr2,681 Cr2,988 Cr2,824 Cr2,868 Cr1,424 Cr1,332 Cr1,192 Cr
Profit before tax8,177 Cr4,105 Cr3,995 Cr5,926 Cr7,633 Cr6,661 Cr6,657 Cr6,053 Cr4,947 Cr10,719 Cr13,709 Cr10,630 Cr
Tax %111.2%30.1%43.1%14.0%26.6%26.8%25.5%26.4%29.7%27.2%31.8%25.5%
Net profit-915 Cr2,868 Cr2,275 Cr5,095 Cr5,603 Cr4,876 Cr4,961 Cr4,457 Cr3,479 Cr7,807 Cr9,352 Cr7,918 Cr
EPS (₹)₹-4.80₹5.42₹3.69₹9.72₹11.26₹9.09₹8.92₹8.15₹4.61₹14.62₹17.15₹14.02

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales72,225 Cr92,923 Cr92,048 Cr83,545 Cr86,863 Cr1,32,732 Cr1,47,308 Cr1,43,727 Cr1,52,968 Cr78,437 CrSign in free for the trailing twelve months
Operating expenses (approx.)50,893 Cr67,759 Cr68,945 Cr63,760 Cr60,703 Cr87,908 Cr1,12,886 Cr1,08,529 Cr1,10,625 Cr55,253 CrSign in free for the trailing twelve months
EBITDA21,332 Cr25,164 Cr23,103 Cr19,785 Cr26,160 Cr44,824 Cr34,422 Cr35,198 Cr42,343 Cr23,184 CrSign in free for the trailing twelve months
OPM %29.5%27.1%25.1%23.7%30.1%33.8%23.4%24.5%27.7%29.6%Sign in free for the trailing twelve months
Other income4,581 Cr3,574 Cr4,018 Cr3,412 Cr4,579 Cr2,600 Cr2,851 Cr2,550 Cr3,675 Cr1,550 CrSign in free for the trailing twelve months
Interest5,855 Cr5,783 Cr5,689 Cr4,977 Cr5,210 Cr4,797 Cr6,225 Cr9,465 Cr9,914 Cr2,817 CrSign in free for the trailing twelve months
Depreciation6,292 Cr6,283 Cr8,192 Cr9,093 Cr7,638 Cr8,895 Cr10,555 Cr10,723 Cr11,096 Cr4,810 CrSign in free for the trailing twelve months
Profit before tax13,652 Cr19,569 Cr13,560 Cr-8,260 Cr17,212 Cr32,965 Cr20,273 Cr20,365 Cr26,877 Cr35,426 CrSign in free for the trailing twelve months
Tax %17.1%30.0%28.5%42.6%12.7%28.1%28.5%63.0%23.6%29.2%Sign in free for the trailing twelve months
Net profit11,316 Cr13,692 Cr9,698 Cr-4,744 Cr15,032 Cr23,710 Cr14,503 Cr7,539 Cr20,535 Cr25,096 CrSign in free for the trailing twelve months
EPS (₹)₹23.47₹28.30₹19.07₹-18.00₹31.32₹50.73₹28.50₹11.42₹38.97₹44.58Sign in free for the trailing twelve months
Dividend payout %————60.7%81.6%283.7%271.9%103.2%59.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital372 Cr372 Cr372 Cr372 Cr372 Cr372 Cr372 Cr372 Cr391 Cr391 Cr
Reserves60,128 Cr63,136 Cr61,925 Cr54,263 Cr61,906 Cr65,011 Cr39,051 Cr30,350 Cr40,821 Cr49,261 Cr
Borrowings62,500 Cr48,740 Cr57,703 Cr49,800 Cr41,677 Cr53,109 Cr66,182 Cr71,758 Cr73,853 Cr26,995 Cr
Other liabilities62,102 Cr56,593 Cr66,816 Cr62,075 Cr66,604 Cr62,787 Cr80,747 Cr76,980 Cr75,687 Cr1,37,665 Cr
Total liabilities1,99,030 Cr1,84,798 Cr2,02,043 Cr1,83,622 Cr1,85,697 Cr1,98,600 Cr1,96,356 Cr1,90,807 Cr2,03,293 Cr2,33,237 Cr
Fixed assets (net)75,835 Cr79,330 Cr95,515 Cr88,022 Cr89,429 Cr91,990 Cr93,607 Cr96,715 Cr97,834 Cr30,027 Cr
CWIP17,671 Cr16,140 Cr22,236 Cr16,837 Cr13,880 Cr14,230 Cr17,434 Cr20,331 Cr30,939 Cr10,310 Cr
Investments46,962 Cr28,700 Cr33,065 Cr24,753 Cr16,660 Cr17,291 Cr13,150 Cr11,869 Cr14,532 Cr15,418 Cr
Loans & advances——82 Cr85 Cr2,019 Cr2,304 Cr3,760 Cr3,364 Cr1,840 Cr1 Cr
Inventories9,628 Cr11,967 Cr13,198 Cr11,335 Cr9,923 Cr14,313 Cr15,012 Cr13,001 Cr14,474 Cr5,414 Cr
Trade receivables2,240 Cr3,969 Cr3,982 Cr2,697 Cr3,491 Cr4,946 Cr4,014 Cr3,607 Cr3,636 Cr1,305 Cr
Cash & bank9,864 Cr4,236 Cr7,289 Cr5,117 Cr4,854 Cr8,671 Cr6,926 Cr2,812 Cr3,993 Cr1,370 Cr
Other assets36,830 Cr40,456 Cr26,676 Cr34,776 Cr45,441 Cr44,855 Cr42,453 Cr39,108 Cr36,045 Cr1,69,392 Cr
Total assets1,99,030 Cr1,84,798 Cr2,02,043 Cr1,83,622 Cr1,85,697 Cr1,98,600 Cr1,96,356 Cr1,90,807 Cr2,03,293 Cr2,33,237 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity18,083 Cr18,037 Cr23,754 Cr19,298 Cr23,980 Cr34,963 Cr33,065 Cr35,654 Cr39,562 Cr39,499 Cr
Cash from investing2,711 Cr15,396 Cr-10,530 Cr-5,894 Cr-6,750 Cr-2,253 Cr-693 Cr-13,686 Cr-19,190 Cr-24,338 Cr
Cash from financing-12,425 Cr-39,926 Cr-10,242 Cr-15,547 Cr-17,565 Cr-28,903 Cr-34,142 Cr-26,092 Cr-19,223 Cr-13,549 Cr
Net cash flow8,339 Cr-6,409 Cr2,918 Cr-2,174 Cr-263 Cr3,817 Cr-1,745 Cr-4,114 Cr1,181 Cr1,816 Cr
Free cash flow (OCF − Capex)12,567 Cr10,703 Cr14,812 Cr11,484 Cr17,094 Cr24,333 Cr19,278 Cr18,902 Cr22,557 Cr18,623 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.2%19.8%14.2%-2.7%18.8%27.8%22.9%26.2%28.8%40.0%
ROE %9.3%17.2%9.1%-9.3%15.0%22.7%21.4%10.1%27.9%25.4%
Debtor days11161612151410996
Inventory days15613818819515814012310810566
Days payable29920624829125310390847488
Cash conversion cycle-132-52-44-85-8051423340-16
OCF / EBITDA %84.8%71.7%102.8%97.5%91.7%78.0%96.1%101.3%93.4%170.4%
OCF / EBITDA % (3 years)——86.0%89.8%97.1%86.2%87.3%90.6%96.7%113.9%
Debt / equity1.030.770.930.910.670.811.682.341.790.54
Current ratio0.930.820.780.910.951.040.690.660.700.77
Net debt / EBITDA2.47—2.182.261.410.991.721.961.651.11