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Last Updated: April 2, 2026, 3:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500295 | NSE: VEDL

Vedanta Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹813.63Undervalued by 20.18%vs CMP ₹677.00

P/E (24.1) × ROE (38.5%) × BV (₹103.00) × DY (6.42%)

₹442.53Overvalued by 34.63%vs CMP ₹677.00
MoS: -53% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹761.1922%Under (+12.4%)
Graham NumberEarnings₹289.8416%Over (-57.2%)
Earnings PowerEarnings₹88.2011%Over (-87%)
DCFCash Flow₹304.5213%Over (-55%)
Net Asset ValueAssets₹102.637%Over (-84.8%)
EV/EBITDAEnterprise₹875.489%Under (+29.3%)
Earnings YieldEarnings₹362.507%Over (-46.5%)
ROCE CapitalReturns₹486.829%Over (-28.1%)
Revenue MultipleRevenue₹391.075%Over (-42.2%)
Consensus (9 models)₹442.53100%Overvalued
Key Drivers: Wide model spread (₹88–₹875) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.4%

*Investments are subject to market risks

Investment Snapshot

59
Vedanta Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health71/100 · Strong
ROCE 25.3% ExcellentROE 38.5% ExcellentD/E 0.79 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 1.00% (6mo) Slight increaseDII holding down 1.07% MF sellingPromoter holding at 56.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 27% Steady
Quarterly Momentum58/100 · Moderate
Revenue (4Q): -4% YoY FlatProfit (4Q): +16% YoY Positive
Industry Rank60/100 · Moderate
P/E 24.1 vs industry 15.4 Premium to peersROCE 25.3% vs industry 19.6% Above peersROE 38.5% vs industry 16.9% Above peers3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:54 am

Market Cap 2,64,811 Cr.
Current Price 677
Intrinsic Value₹442.53
High / Low 770/362
Stock P/E24.1
Book Value 103
Dividend Yield6.42 %
ROCE25.3 %
ROE38.5 %
Face Value 1.00
PEG Ratio-3.74

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Vedanta Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Vedanta Ltd 2,64,811 Cr. 677 770/36224.1 1036.42 %25.3 %38.5 % 1.00
Coal India Ltd 2,76,953 Cr. 449 476/3509.28 1715.90 %48.0 %38.9 % 10.0
NMDC Ltd 68,726 Cr. 78.2 86.8/59.59.96 36.94.22 %29.6 %23.6 % 1.00
Gujarat Mineral Development Corporation Ltd 18,454 Cr. 580 651/25128.8 2111.74 %14.1 %10.9 % 2.00
Redington Ltd 15,827 Cr. 202 335/17711.3 1153.36 %18.9 %14.4 % 2.00
Industry Average51,564.31 Cr471.3415.4197.991.59%19.57%16.87%5.18

All Competitor Stocks of Vedanta Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 34,10237,93033,73338,94535,54135,50935,76437,63417,06340,45537,82418,74723,369
Expenses 27,03528,47127,31327,46627,01026,74125,81927,80612,05028,98927,90613,83216,503
Operating Profit 7,0679,4596,42011,4798,5318,7689,9459,8285,01311,4669,9184,9156,866
OPM % 21%25%19%29%24%25%28%26%29%28%26%26%29%
Other Income 1,619-6312,3261,8637793859343,1683,2027629851,2484,428
Interest 1,5721,8052,1102,5232,4172,4152,2222,6671,0732,5832,0261,033989
Depreciation 2,7202,7652,5502,6422,7882,7432,7312,6961,2382,9882,8241,3031,424
Profit before tax 4,3944,2584,0868,1774,1053,9955,9267,6335,9046,6576,0533,8278,881
Tax % 30%26%19%111%30%43%14%27%17%25%26%9%12%
Net Profit 3,0913,1323,308-9152,8682,2755,0955,6034,8764,9614,4573,4797,807
EPS in Rs 6.635.067.10-4.805.423.689.7011.139.078.918.144.6014.60

Last Updated: February 3, 2026, 4:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 66,15273,71064,26272,22591,86692,04884,44788,021132,732147,308143,727152,968120,395
Expenses 46,55751,59582,74150,84966,98968,87763,70460,70387,908112,877108,415110,62587,230
Operating Profit 19,59522,114-18,47921,37624,87723,17120,74327,31844,82434,43135,31242,34333,165
OPM % 30%30%-29%30%27%25%25%31%34%23%25%28%28%
Other Income 1,874-19,2224,2904,4236,0874,270-14,9322,7431,8322,6255,2415,5447,423
Interest 5,0945,6595,7785,8555,1125,6894,9775,2104,7976,2259,4659,9146,631
Depreciation 6,8827,1598,5726,2926,2838,1929,0937,6388,89510,55510,72311,0968,539
Profit before tax 9,493-9,925-28,54013,65219,56913,560-8,25917,21332,96420,27620,36526,87725,418
Tax % -9%15%-37%17%30%28%-43%13%28%28%63%24%
Net Profit 11,421-11,369-17,86211,31613,6929,698-4,74415,03223,71014,5037,53920,53520,704
EPS in Rs 21.25-52.77-41.3923.4727.8219.01-17.9331.2150.5828.4511.4038.3336.25
Dividend Payout % 15%-8%-8%83%76%99%-22%30%89%357%259%113%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-199.54%-57.11%163.35%21.00%-29.17%-148.92%416.86%57.73%-38.83%-48.02%172.38%
Change in YoY Net Profit Growth (%)0.00%142.43%220.46%-142.36%-50.17%-119.75%565.78%-359.13%-96.56%-9.19%220.40%

Vedanta Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:13%
3 Years:5%
TTM:6%
Compounded Profit Growth
10 Years:22%
5 Years:2%
3 Years:-10%
TTM:150%
Stock Price CAGR
10 Years:17%
5 Years:28%
3 Years:18%
1 Year:-7%
Return on Equity
10 Years:15%
5 Years:24%
3 Years:23%
Last Year:38%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:11 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 296296296297372372372372372372372391391
Reserves 72,71253,57943,74360,12862,94061,92554,26361,90665,01139,05130,35040,82139,753
Borrowings 80,56677,75267,77871,56958,15966,22659,18757,66953,58380,32987,70691,47985,065
Other Liabilities 60,54558,65480,16364,95258,89670,04566,91563,54974,98169,70369,69067,24991,383
Total Liabilities 214,120190,281191,980196,946180,367198,568180,737183,496193,947189,455188,118199,940216,592
Fixed Assets 87,20570,10867,23176,75680,27996,39788,90490,47093,46695,74498,96399,905110,238
CWIP 43,12838,74838,46127,55732,05524,95918,58516,31415,87919,52922,88933,89630,450
Investments 37,91039,60653,38646,96228,70033,06524,75316,66017,29113,15011,86914,53212,386
Other Assets 45,87741,81932,90345,67139,33344,14748,49560,05267,31161,03254,39751,60763,518
Total Assets 214,120190,281191,980196,946180,367198,568180,737183,496193,947189,455188,118199,940216,592

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 15,60117,80520,37718,08317,36623,75419,30023,98034,96333,06535,65439,562
Cash from Investing Activity + -2,890-4,133-7,8682,68115,480-10,594-5,925-6,678-2,243-668-13,676-19,158
Cash from Financing Activity + -5,052-13,956-11,303-12,425-39,255-10,242-15,547-17,565-28,903-34,142-26,092-19,223
Net Cash Flow 7,659-2841,2068,339-6,4092,918-2,172-2633,817-1,745-4,1141,181
Free Cash Flow 8,3697,23114,96512,64810,07014,93711,63117,26224,65819,41119,09722,848
CFO/OP 102%96%-124%109%83%114%99%96%91%114%109%101%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-61.00-55.00-85.00-50.00-34.00-43.00-39.00-30.00-9.00-46.00-52.00-49.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2518141116161214141099
Inventory Days 143129132161135184184153147124107108
Days Payable 6678267308202242275245221918376
Cash Conversion Cycle 10269-120-136-51-42-80-77-61433341
Working Capital Days -143-121-219-338-182-212-186-150-82-120-107-102
ROCE %13%9%-14%11%15%14%10%17%28%20%21%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.11%68.11%63.71%63.71%61.95%59.31%56.38%56.38%56.38%56.38%56.38%56.38%
FIIs 7.89%7.48%7.82%7.74%8.77%10.23%11.45%12.02%11.15%10.60%11.08%12.15%
DIIs 10.20%9.98%10.59%11.19%13.15%14.78%16.29%15.49%16.38%16.47%16.25%15.31%
Government 0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.06%0.06%0.06%
Public 13.63%14.29%17.74%17.23%15.86%15.41%15.64%15.92%15.89%16.35%16.09%16.05%
Others 0.11%0.08%0.08%0.06%0.18%0.18%0.16%0.11%0.13%0.13%0.13%0.06%
No. of Shareholders 14,11,55115,65,26419,42,80019,09,46017,85,79817,92,82118,66,93919,99,97520,46,98820,87,74520,74,95620,31,537

Shareholding Pattern Chart

No. of Shareholders

Vedanta Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multicap Fund 11,352,245 5 815.5510,352,2452026-01-26 00:01:319.66%
SBI Large Cap Fund 10,511,424 1.37 755.1412,495,1742025-12-15 04:17:13-15.88%
ICICI Prudential Multi Asset Fund 10,223,930 0.88 734.4910,523,9302026-03-24 00:47:54-2.85%
ICICI Prudential Balanced Advantage Fund 7,839,178 0.79 563.177,103,6782026-03-24 00:47:5410.35%
Nippon India Small Cap Fund 6,944,141 0.74 498.87N/AN/AN/A
Nippon India Large Cap Fund 6,610,833 0.92 474.927,191,3512026-03-24 00:47:54-8.07%
ICICI Prudential Large Cap Fund 5,822,192 0.54 418.27N/AN/AN/A
ICICI Prudential India Opportunities Fund 5,680,350 1.14 408.085,880,3502026-03-24 00:22:07-3.4%
SBI MNC Fund 5,000,000 6.15 359.2N/AN/AN/A
SBI Large & Midcap Fund 4,988,576 0.92 358.38N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 38.9711.4228.5050.7331.32
Diluted EPS (Rs.) 38.6511.3328.5050.7331.13
Cash EPS (Rs.) 80.9049.0967.3787.6560.94
Book Value[Excl.RevalReserv]/Share (Rs.) 105.40113.09132.87222.32208.11
Book Value[Incl.RevalReserv]/Share (Rs.) 105.40113.09132.87222.32208.11
Revenue From Operations / Share (Rs.) 391.22386.36395.99356.81236.62
PBDIT / Share (Rs.) 117.69101.47100.20127.4882.63
PBIT / Share (Rs.) 89.3172.6571.82103.5762.10
PBT / Share (Rs.) 68.7454.7454.5188.6146.27
Net Profit / Share (Rs.) 52.5220.2638.9963.7340.41
NP After MI And SOA / Share (Rs.) 38.3311.4028.4250.5431.19
PBDIT Margin (%) 30.0826.2625.3035.7234.92
PBIT Margin (%) 22.8218.8018.1329.0226.24
PBT Margin (%) 17.5614.1613.7624.8319.55
Net Profit Margin (%) 13.425.249.8417.8617.07
NP After MI And SOA Margin (%) 9.792.947.1714.1613.18
Return on Networth / Equity (%) 36.3613.7926.8228.7518.62
Return on Capital Employeed (%) 26.9224.0924.6628.9918.25
Return On Assets (%) 7.372.225.389.466.24
Long Term Debt / Equity (X) 1.281.651.100.550.60
Total Debt / Equity (X) 1.792.341.680.810.79
Asset Turnover Ratio (%) 0.770.740.740.370.23
Current Ratio (X) 0.700.660.681.040.95
Quick Ratio (X) 0.500.490.510.820.78
Inventory Turnover Ratio (X) 11.143.153.032.571.66
Dividend Payout Ratio (NP) (%) 111.90258.52355.3288.7130.33
Dividend Payout Ratio (CP) (%) 64.2973.24177.8260.2218.29
Earning Retention Ratio (%) -11.90-158.52-255.3211.2969.67
Cash Earning Retention Ratio (%) 35.7126.76-77.8239.7881.71
Interest Coverage Ratio (X) 4.643.995.999.895.90
Interest Coverage Ratio (Post Tax) (X) 2.881.503.376.104.02
Enterprise Value (Cr.) 260017.10179831.80169120.40204921.40133226.80
EV / Net Operating Revenue (X) 1.701.251.151.541.51
EV / EBITDA (X) 5.654.764.544.324.33
MarketCap / Net Operating Revenue (X) 1.190.700.691.130.96
Retention Ratios (%) -11.90-158.52-255.3211.2869.66
Price / BV (X) 4.403.292.592.301.37
Price / Net Operating Revenue (X) 1.190.700.691.130.96
EarningsYield 0.080.040.100.120.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Vedanta Ltd. is a Public Limited Listed company incorporated on 25/06/1965 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L13209MH1965PLC291394 and registration number is 291394. Currently Company is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company's Total Operating Revenue is Rs. 74295.00 Cr. and Equity Capital is Rs. 391.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Mining/Minerals1st Floor, 'C' Wing, Unit 103, Mumbai Maharashtra 400093Contact not found
Management
NamePosition Held
Mr. Anil AgarwalNon Executive Chairman
Mr. Navin AgarwalExecutive Vice Chairman
Mr. Arun MisraExecutive Director
Ms. Priya Agarwal HebbarNon Exe.Non Ind.Director
Mr. Dindayal JalanInd. Non-Executive Director
Mr. Prasun Kumar MukherjeeInd. Non-Executive Director
Ms. Pallavi Joshi BakhruInd. Non-Executive Director
Mr. R GopalanInd. Non-Executive Director

FAQ

What is the intrinsic value of Vedanta Ltd and is it undervalued?

As of 10 April 2026, Vedanta Ltd's intrinsic value is ₹442.53, which is 34.63% lower than the current market price of ₹677.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (38.5 %), book value (₹103), dividend yield (6.42 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vedanta Ltd?

Vedanta Ltd is trading at ₹677.00 as of 10 April 2026, with a FY2026-2027 high of ₹770 and low of ₹362. The stock is currently near its 52-week high. Market cap stands at ₹2,64,811 Cr..

How does Vedanta Ltd's P/E ratio compare to its industry?

Vedanta Ltd has a P/E ratio of 24.1, which is above the industry average of 15.41. The premium over industry average may reflect growth expectations or speculative interest.

Is Vedanta Ltd financially healthy?

Key indicators for Vedanta Ltd: ROCE of 25.3 % indicates efficient capital utilization; ROE of 38.5 % shows strong shareholder returns. Dividend yield is 6.42 %.

Is Vedanta Ltd profitable and how is the profit trend?

Vedanta Ltd reported a net profit of ₹20,535 Cr in Mar 2025 on revenue of ₹152,968 Cr. Compared to ₹23,710 Cr in Mar 2022, the net profit shows a declining trend.

Does Vedanta Ltd pay dividends?

Vedanta Ltd has a dividend yield of 6.42 % at the current price of ₹677.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vedanta Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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