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Vedanta Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹294.74Fairly Valued by 0.09%vs CMP ₹295.00

P/E (13.3) × ROE (19.0%) × BV (₹127.00) × DY (14.80%)

₹373.21Undervalued by 26.51%vs CMP ₹295.00
MoS: +21% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 3 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹275.7422%Fair (-6.5%)
Graham NumberEarnings₹321.8516%Fair (+9.1%)
Earnings PowerEarnings₹234.8811%Over (-20.4%)
DCFCash Flow₹451.5613%Under (+53.1%)
Net Asset ValueAssets₹127.157%Over (-56.9%)
EV/EBITDAEnterprise₹1,023.479%Under (+246.9%)
Earnings YieldEarnings₹362.507%Under (+22.9%)
ROCE CapitalReturns₹301.819%Fair (+2.3%)
Revenue MultipleRevenue₹391.725%Under (+32.8%)
Consensus (9 models)₹373.21100%Undervalued
Key Drivers: Wide model spread (₹127–₹1,023) — 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

Analyst Summary

Vedanta Ltd operates in the Mining/Minerals segment, NSE: VEDL | BSE: 500295, current market price is ₹295.00, market cap is 1,15,198 Cr.. At a glance, stock P/E is 13.3, ROE is 19.0 %, ROCE is 16.5 %, book value is 127, dividend yield is 14.8 %. The latest intrinsic value estimate is ₹373.21, which is about 26.5% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹152,968 Cr versus the prior period change of 6.4%, while latest net profit is about ₹20,535 Cr with a prior-period change of 172.4%. The 52-week range shown on this page is 296/144, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisVedanta 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 L13209MH1…

This summary is generated from the stock page data available for Vedanta Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

58
Vedanta Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 16.5% GoodROE 19.0% 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 Rank55/100 · Moderate
P/E 13.3 vs industry 17.1 In-lineROCE 16.5% vs industry 18.4% AverageROE 19.0% vs industry 15.2% 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.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 1:56 am

Market Cap 1,15,198 Cr.
Current Price 295
Intrinsic Value₹373.21
High / Low 296/144
Stock P/E13.3
Book Value 127
Dividend Yield14.8 %
ROCE16.5 %
ROE19.0 %
Face Value 1.00
PEG Ratio-2.06

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 1,15,198 Cr. 295 296/14413.3 12714.8 %16.5 %19.0 % 1.00
NMDC Ltd 78,361 Cr. 89.1 92.8/61.611.4 36.93.70 %29.6 %23.6 % 1.00
Gujarat Mineral Development Corporation Ltd 23,142 Cr. 728 772/28936.2 2111.39 %14.1 %10.9 % 2.00
Redington Ltd 17,334 Cr. 222 335/19112.4 1153.07 %18.9 %14.4 % 2.00
Gravita India Ltd 12,341 Cr. 1,671 2,170/1,26732.3 3060.38 %21.5 %21.2 % 2.00
Industry Average43,182.62 Cr548.8617.08100.701.94%18.42%15.16%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: May 19, 2026, 3:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 296296297372372372372372372372391391
Reserves 53,57943,74360,12862,94061,92554,26361,90665,01139,05130,35040,82149,261
Borrowings 77,75267,77871,56958,15966,22659,18757,66953,58380,32987,70691,47927,844
Other Liabilities 58,65480,16364,95258,89670,04566,91563,54974,98169,70369,69067,249155,741
Total Liabilities 190,281191,980196,946180,367198,568180,737183,496193,947189,455188,118199,940233,237
Fixed Assets 70,10867,23176,75680,27996,39788,90490,47093,46695,74498,96399,90530,769
CWIP 38,74838,46127,55732,05524,95918,58516,31415,87919,52922,88933,89610,310
Investments 39,60653,38646,96228,70033,06524,75316,66017,29113,15011,86914,53215,418
Other Assets 41,81932,90345,67139,33344,14748,49560,05267,31161,03254,39751,607176,740
Total Assets 190,281191,980196,946180,367198,568180,737183,496193,947189,455188,118199,940233,237

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 17,80520,37718,08317,36623,75419,30023,98034,96333,06535,65439,56239,499
Cash from Investing Activity + -4,133-7,8682,68115,480-10,594-5,925-6,678-2,243-668-13,676-19,158-24,338
Cash from Financing Activity + -13,956-11,303-12,425-39,255-10,242-15,547-17,565-28,903-34,142-26,092-19,223-13,549
Net Cash Flow -2841,2068,339-6,4092,918-2,172-2633,817-1,745-4,1141,1811,612
Free Cash Flow 7,23114,96512,64810,07014,93711,63117,26224,65819,41119,09722,84818,747
CFO/OP 96%-124%109%83%114%99%96%91%114%109%101%205%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow19.00-55.00-85.00-50.00-34.00-43.00-39.00-30.00-9.00-46.00-52.00-49.00

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. 24252.00 Cr. and Equity Capital is Rs. 391.00 Cr. for the Year ended 31/03/2026.
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 20 May 2026, Vedanta Ltd's intrinsic value is ₹373.21, which is 26.51% higher than the current market price of ₹295.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (19.0 %), book value (₹127), dividend yield (14.8 %), and 5-year EPS CAGR.

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

Vedanta Ltd is trading at ₹295.00 as of 20 May 2026, with a FY2026-2027 high of ₹296 and low of ₹144. The stock is currently near its 52-week high. Market cap stands at ₹1,15,198 Cr..

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

Vedanta Ltd has a P/E ratio of 13.3, which is below the industry average of 17.08. This is broadly in line with or below the industry average.

Is Vedanta Ltd financially healthy?

Key indicators for Vedanta Ltd: ROCE of 16.5 % indicates efficient capital utilization; ROE of 19.0 % shows strong shareholder returns. Dividend yield is 14.8 %.

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 14.8 % at the current price of ₹295.00. This is a relatively attractive yield for income-seeking investors.

Last Updated: May 5, 2026, 1:56 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500295 | NSE: VEDL
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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