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рдиреБрд╡рд╛рдорд╛ рдЗрдиреНрд╕реНрдЯрд┐рдЯреНрдпреВрд╢рдирд▓ рдЗрдХреНрд╡рд┐рдЯреАрдЬрдиреЗ рд╡реЗрджрд╛рдВрддрд╛рд╡рд░ 'рдмрд╛рдп' рд░реЗрдЯрд┐рдВрдЧ рдХрд╛рдпрдо рдареЗрд╡рд▓реА рдЖрд╣реЗ, тВ╣686 рдЪреЗ рд▓рдХреНрд╖реНрдп рдХрд┐рдВрдордд рдареЗрд╡рд▓реЗ рдЖрд╣реЗ, рдЬреНрдпрд╛рдореБрд│реЗ 34% рдЪреА рд╕рдВрднрд╛рд╡реНрдп рд╡рд╛рдв рджрд┐рд╕реВрди рдпреЗрддреЗ. рдореБрдЦреНрдп рдХрд╛рд░рдгрд╛рдВрдордзреНрдпреЗ рдХрдВрдкрдиреАрдЪреА '3D' рд░рдгрдиреАрддреА (Demerger, Delivery, Deleveraging) рд╕рдорд╛рд╡рд┐рд╖реНрдЯ рдЖрд╣реЗ, рдЬреНрдпрд╛рд▓рд╛ рд╡рд╕реНрддреВрдВрдЪреНрдпрд╛ рдХрд┐рдорддреАрддреАрд▓ рд╡рд╛рдвреАрдЪрд╛рд╣реА рдЖрдзрд╛рд░ рдЖрд╣реЗ. рдкреБрдвреАрд▓ рдЙрддреНрдкреНрд░реЗрд░рдХ (catalysts) рдореНрд╣рдгрдЬреЗ Q4 FY26 рдкрд░реНрдпрдВрдд рдбреАрдорд░реНрдЬрд░рд╕рд╛рдареА NCLT рдЪрд╛ рдЕрдиреБрдХреВрд▓ рдирд┐рдХрд╛рд▓, JP Associates рдЕрдзрд┐рдЧреНрд░рд╣рдгрд╛рдЪрд╛ рдУрд╡реНрд╣рд░рд╣рдБрдЧ рджреВрд░ рд╣реЛрдгреЗ, рдЖрдгрд┐ рдЬрд╛рдиреЗрд╡рд╛рд░реА 2026 рдкрд░реНрдпрдВрдд рдкреНрд░рддрд┐ рд╢реЗрдЕрд░ тВ╣20 рдбрд┐рд╡реНрд╣рд┐рдбрдВрдб рдорд┐рд│рдгреНрдпрд╛рдЪреА рд╢рдХреНрдпрддрд╛.
Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE.Its other businesses includes commercial power generation, steel manufacturing & port operations in India and manufacturing of glass substrate in South Korea and Taiwan.[1]Presently, India accounts for ~65% of total revenues, followed by Malaysia (9%), China (3%), UAE (1%) and others (22%).[2]
Business Segments1) Aluminium (38% in 9M FY25 vs 36% in FY23):[1][2]The company isIndiaтАЩs largest primary aluminium producer with a 46% domestic market share. It has an annual smelter capacity of 2.4 MnT and operates a 3.5 MTPA alumina refinery in Lanjigarh, Odisha. Its product portfolio includes ingots, alloys, wire rods, billets, and rolled products.[3][4]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Vedanta | 496.40 | 20.63 | 194130.70 | 8.76 | 2195.00 | -71.99 | 19988.00 | 9.30 | 18.53 | 78109.00 | 20.27 | 9408.36 | 2195.00 | 2.62 | 9.90 | 0.71 |
| 2. | Jain Resource | 427.75 | 58.32 | 14776.66 | 0.00 | 98.64 | 80.53 | 2054.91 | 52.96 | 27.20 | 6143.25 | 5.61 | 209.36 | 98.64 | тАУ | 13.29 | 0.90 |
| 3. | Pondy Oxides | 1344.20 | 42.50 | 4092.23 | 0.26 | 35.58 | 104.60 | 634.51 | 10.84 | 16.88 | 2249.73 | 6.54 | 96.28 | 35.58 | 5.90 | 10.83 | 0.05 |
| 4. | Innomet Advanced | 115.90 | 68.79 | 149.97 | 0.00 | 2.02 | 18.13 | 23.53 | 60.72 | 8.51 | 41.41 | 14.32 | 2.18 | 2.02 | 3.46 | 3.93 | 0.27 |
| 5. | Bonlon Industrie | 42.88 | 39.90 | 112.51 | 0.00 | -2.12 | -551.06 | 242.00 | 18.25 | 5.04 | 706.76 | 0.90 | 2.82 | -2.12 | 0.73 | 2.07 | 0.50 |
| тАУ | Median: 5 Co. | 427.75 | 42.5 | 4092.23 | 0.0 | 35.58 | 18.13 | 634.51 | 18.25 | 16.88 | 2249.73 | 6.54 | 96.28 | 35.58 | 3.04 | 9.9 | 0.5 |
Standalone figures in тВ╣ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 16,998 | 15,832 | 17,337 | 15,907 | 19,236 | 17,833 | 17,781 | 16,715 | 18,288 | 19,194 | 20,098 | 18,829 | 19,988 |
Expenses | 15,133 | 13,888 | 14,603 | 14,107 | 14,959 | 14,654 | 14,458 | 12,951 | 14,564 | 14,911 | 15,913 | 15,374 | 16,082 |
Operating Profit | 1,865 | 1,944 | 2,734 | 1,800 | 4,277 | 3,179 | 3,323 | 3,764 | 3,724 | 4,283 | 4,185 | 3,455 | 3,906 |
Other Income | 381 | 4,611 | 14,473 | 3,816 | -1,336 | 2,570 | -471 | 3,418 | 9,881 | 454 | 510 | 5,010 | 1,221 |
Profit before tax | 239 | 4,318 | 15,119 | 3,400 | 561 | 3,344 | 385 | 4,572 | 10,932 | 2,337 | 2,019 | 6,124 | 2,705 |
Tax % | 88% | -8% | 2% | -0% | 96% | 8% | 72% | 9% | 3% | 24% | 30% | 6% | 19% |
Net Profit | 29 | 4,684 | 14,872 | 3,408 | 22 | 3,084 | 109 | 4,183 | 10,553 | 1,783 | 1,409 | 5,742 | 2,195 |
EPS in Rs | 0.08 | 12.60 | 40.01 | 9.17 | 0.06 | 8.30 | 0.29 | 11.25 | 26.99 | 4.56 | 3.60 | 14.68 | 5.61 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 28,537 | 32,502 | 34,094 | 36,663 | 45,524 | 38,644 | 35,858 | 37,440 | 63,277 | 68,080 | 70,757 | 74,295 | 78,109 |
Expenses | 26,440 | 27,873 | 45,424 | 29,990 | 39,049 | 33,097 | 29,954 | 28,752 | 45,599 | 58,619 | 58,126 | 58,295 | 62,280 |
Operating Profit | 2,096 | 4,630 | -11,329 | 6,673 | 6,475 | 5,547 | 5,904 | 8,688 | 17,678 | 9,461 | 12,631 | 16,000 | 15,829 |
Other Income | 1,902 | 2,005 | 1,457 | 11,007 | 8,944 | 6,400 | -9,775 | 10,688 | 8,029 | 17,461 | 10,572 | 14,368 | 7,195 |
Interest | 3,565 | 3,656 | 3,600 | 3,896 | 3,353 | 3,757 | 3,328 | 3,193 | 3,146 | 4,384 | 5,679 | 6,328 | 5,835 |
Depreciation | 1,505 | 1,012 | 4,287 | 2,986 | 2,842 | 3,243 | 3,264 | 2,519 | 2,945 | 3,661 | 3,789 | 4,031 | 4,004 |
Profit before tax | -1,072 | 1,967 | -17,760 | 10,798 | 9,224 | 4,947 | -10,463 | 13,664 | 19,616 | 18,877 | 13,735 | 20,009 | 13,185 |
Net Profit | 1,076 | 1,927 | -11,906 | 11,069 | 7,256 | 5,075 | -6,732 | 10,503 | 17,245 | 21,259 | 6,623 | 17,928 | 11,129 |
EPS in Rs | 3.63 | 6.50 | -40.16 | 37.34 | 19.52 | 13.65 | -18.11 | 28.26 | 46.39 | 57.19 | 17.82 | 45.85 | 28.45 |
Dividend Payout % | 90% | 63% | -9% | 52% | 109% | 138% | -22% | 34% | 97% | 178% | 166% | 95% | тАУ |
Standalone figures in тВ╣ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 296 | 296 | 296 | 297 | 372 | 372 | 372 | 372 | 372 | 372 | 372 | 391 | 391 |
Reserves | 33,382 | 33,761 | 78,866 | 79,396 | 78,941 | 77,508 | 69,523 | 76,418 | 77,277 | 69,476 | 65,164 | 75,008 | 73,641 |
Borrowings | 38,943 | 37,644 | 33,468 | 43,233 | 40,713 | 42,204 | 38,937 | 32,299 | 36,778 | 52,651 | 55,253 | 57,193 | 52,240 |
Other Liabilities | 10,868 | 6,833 | 69,994 | 43,258 | 27,143 | 30,783 | 30,618 | 28,642 | 34,314 | 37,341 | 29,724 | 27,398 | 42,451 |
Total Liabilities | 83,490 | 78,534 | 182,624 | 166,184 | 147,169 | 150,867 | 139,450 | 137,731 | 148,741 | 159,840 | 150,513 | 159,990 | 168,723 |
Fixed Assets | 22,584 | 22,126 | 33,853 | 36,197 | 37,176 | 41,006 | 37,118 | 38,249 | 39,516 | 41,483 | 44,818 | 45,071 | 51,612 |
Gross Block | 29,287 | 29,848 | 41,854 | 46,178 | 49,327 | 55,265 | 53,980 | 56,862 | 60,915 | 65,557 | 72,290 | 75,327 | тАУ |
Accumulated Depreciation | 6,703 | 7,723 | 8,001 | 9,981 | 12,151 | 14,259 | 16,862 | 18,613 | 21,399 | 24,074 | 27,472 | 30,256 | тАУ |
CWIP | 17,327 | 17,422 | 21,158 | 17,243 | 18,369 | 15,731 | 12,086 | 10,701 | 10,714 | 12,588 | 11,133 | 14,205 | 8,858 |
Investments | 22,767 | 26,465 | 101,047 | 86,085 | 68,010 | 68,582 | 62,905 | 62,903 | 61,466 | 64,845 | 60,158 | 66,766 | 66,441 |
Other Assets | 20,811 | 12,522 | 26,567 | 26,659 | 23,614 | 25,548 | 27,341 | 25,878 | 37,045 | 40,924 | 34,404 | 33,948 | 41,812 |
Total Assets | 83,490 | 78,534 | 182,624 | 166,184 | 147,169 | 150,867 | 139,450 | 137,731 | 148,741 | 159,840 | 150,513 | 159,990 | 168,723 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 2,832 | 4,240 | 9,845 | 8,139 | 2,740 | 7,699 | 7,199 | 6,047 | 12,564 | 12,491 | 13,535 | 17,011 |
Cash from Investing Activity | -232 | 1,878 | -7,422 | -13,606 | 21,033 | 3,954 | 887 | 8,768 | 6,408 | 16,312 | 6,173 | -1,228 |
Cash from Financing Activity | -506 | -6,194 | -1,223 | 4,817 | -23,545 | -9,600 | -9,449 | -13,800 | -16,315 | -29,174 | -23,367 | -14,649 |
Net Cash Flow | 2,095 | -76 | 1,200 | -650 | 228 | 2,053 | -1,363 | 1,015 | 2,657 | -371 | -3,659 | 1,134 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 17 | 13 | 21 | 15 | 16 | 19 | 8 | 11 | 13 | 9 | 10 | 10 |
Inventory Days | 114 | 99 | 106 | 107 | 116 | 171 | 147 | 142 | 136 | 106 | 83 | 93 |
Days Payable | 49 | 52 | 273 | 288 | 200 | 252 | 274 | 252 | 234 | 73 | 60 | 58 |
Cash Conversion Cycle | 81 | 60 | -146 | -166 | -69 | -62 | -119 | -98 | -85 | 42 | 33 | 45 |
Working Capital Days | -258 | -155 | -532 | -391 | -269 | -324 | -299 | -214 | -123 | -166 | -139 | -126 |
ROCE % | 5% | 8% | -6% | 10% | 5% | 7% | 5% | 16% | 21% | 23% | 12% | 19% |
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