వేదాంత స్టాక్‌లో 34% పెరుగుదల? నువామా 'బై' రేటింగ్ & ₹686 లక్ష్యం పెట్టుబడిదారుల ఆసక్తిని రేకెత్తించాయి!

Commodities

Published on 21st November 2025, 9:57 AM

Author

Aditi Singh | Whalesbook News Team

Overview

నువామా ఇన్‌స్టిట్యూషనల్ ఈక్విటీస్, వేదాంతపై 'బై' రేటింగ్‌ను పునరుద్ఘాటించింది, ₹686 లక్ష్య ధరను నిర్దేశించింది, ఇది 34% సంభావ్య అప్‌సైడ్‌ను సూచిస్తుంది. ప్రధాన కారణాలలో కంపెనీ యొక్క '3D' వ్యూహం (Demerger, Delivery, Deleveraging) ఉన్నాయి, ఇది వస్తువుల ధరల మద్దతుతో ఉంది. 26 FY యొక్క Q4 నాటికి డీమెర్జర్ కోసం అనుకూలమైన NCLT ఫలితం, JP Associates స్వాధీన ఓవర్‌హ్యాంగ్ తొలగింపు, మరియు జనవరి 2026 నాటికి ₹20 డివిడెండ్ పర్ షేర్ (DPS) వచ్చే అవకాశం వంటి అదనపు ఉత్ప్రేరకాలు (catalysts).

Vedanta Ltd

₹ 496-2.62%

21 Nov – close price

🔗vedantalimited.com•BSE: 500295•NSE: VEDL

Market Cap₹ 1,94,131 Cr.

Current Price₹ 496

High / Low₹ 536

Stock P/E20.6

Book Value₹ 189

Dividend Yield8.76 %

ROCE18.5 %

ROE21.8 %

Face Value₹ 1.00

Sales₹ 78,109 Cr.

OPM20.3 %

Mar Cap₹ 1,94,131 Cr.

ABOUT

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]

KEY POINTS

Business Segments1) Aluminium (38% in 9M FY25 vs 36% in FY23):[1][2]The company isIndia’s 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]

Peer Comparision

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	–	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
–	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

Quarterly Results

Standalone figures in ₹ 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

Profit & Loss

Standalone Figures in ₹ 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%	–

Compounded Sales Growth

10 Years:9%

5 Years:16%

3 Years:6%

TTM:11%

Compounded Profit Growth

10 Years:23%

5 Years:21%

3 Years:-4%

TTM:-39%

Stock Price CAGR

10 Years:19%

5 Years:34%

3 Years:17%

1 Year:11%

Return on Equity

10 Years:12%

5 Years:20%

3 Years:21%

Last Year:22%

Balance Sheet

Standalone figures in ₹ 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	–
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	–
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

Cash Flows

Standalone Figures in ₹ 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

Ratios

Standalone Figures in ₹ 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%

Shareholding Pattern
Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	69.68%	68.11%	68.11%	63.71%	63.71%	61.95%	59.31%	56.38%	56.38%	56.38%	56.38%	56.38%
FIIs	7.90%	7.89%	7.48%	7.82%	7.74%	8.77%	10.23%	11.45%	12.02%	11.15%	10.60%	11.08%
DIIs	11.05%	10.20%	9.98%	10.59%	11.19%	13.15%	14.78%	16.29%	15.49%	16.38%	16.47%	16.25%
Public	11.07%	13.63%	14.29%	17.74%	17.23%	15.86%	15.41%	15.64%	15.92%	15.89%	16.35%	16.09%