Vedanta Ltd (VEDL) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.72%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 15.8%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 38.2%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹254.64

200-Day DMA ● Overlay

₹236.17

14-Day RSI ● Overlay

54.5 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹98,561 Cr

Large cap

Stock P/E (TTM) Valuation

9.0x

Price / EPS

Book Value (₹) Assets

₹127.0

P/B: 2.0x

ROE (%) Quality

38.2%

Net Profit / Equity

ROCE (%) Efficiency

16.1%

EBIT / Capital

Dividend Yield Yield

13.50%

Face Value: ₹10

Debt / Equity Solvency

0.66x

Manageable

EPS (TTM) Per Share

₹28.13

Trailing 12M

OPM (%) Spread

31.0%

EBITDA Margin

Free Cash Flow Cash

₹18,747 Cr

CFO - Capex

About Vedanta Ltd

Vedanta Ltd (VEDL) is a leading Indian enterprise operating in the Metals & Mining sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 22.3% × Turnover: 0.85x × Leverage: 1.66x = ROE: 38.2%

✓ Company Strengths (Pros)

• Company has a stellar track record of return on equity (ROE of 38.2%).
• Trading at an attractive valuation with a conservative P/E of 9.0x.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹88,898 Cr

Latest PAT

₹28,556 Cr

EPS (TTM)

₹28.13

OPM %

31.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹33,733 Cr	₹38,945 Cr	₹35,541 Cr	₹35,509 Cr	₹35,764 Cr	₹37,634 Cr	₹17,063 Cr	₹16,686 Cr	₹15,754 Cr	₹18,747 Cr	₹21,337 Cr	₹24,609 Cr	₹24,205 Cr
Operating Profit (EBITDA)	₹6,420 Cr	₹11,479 Cr	₹8,531 Cr	₹8,768 Cr	₹9,945 Cr	₹9,828 Cr	₹5,013 Cr	₹5,246 Cr	₹4,276 Cr	₹4,915 Cr	₹6,521 Cr	₹7,559 Cr	₹8,501 Cr
OPM %	19.0%	29.0%	24.0%	25.0%	28.0%	26.0%	29.0%	31.0%	27.0%	26.0%	31.0%	31.0%	35.0%
Interest Expense	₹2,110 Cr	₹2,523 Cr	₹2,417 Cr	₹2,415 Cr	₹2,222 Cr	₹2,667 Cr	₹1,073 Cr	₹1,071 Cr	₹609.00 Cr	₹1,033 Cr	₹547.00 Cr	₹694.00 Cr	₹662.00 Cr
Depreciation	₹2,550 Cr	₹2,642 Cr	₹2,788 Cr	₹2,743 Cr	₹2,731 Cr	₹2,696 Cr	₹1,238 Cr	₹1,191 Cr	₹1,116 Cr	₹1,303 Cr	₹1,239 Cr	₹1,332 Cr	₹1,192 Cr
Profit before Tax (PBT)	₹4,086 Cr	₹8,177 Cr	₹4,105 Cr	₹3,995 Cr	₹5,926 Cr	₹7,633 Cr	₹5,904 Cr	₹5,755 Cr	₹5,288 Cr	₹3,827 Cr	₹9,161 Cr	₹11,036 Cr	₹9,813 Cr
Net Profit (PAT)	₹3,308 Cr	-₹915.00 Cr	₹2,868 Cr	₹2,275 Cr	₹5,095 Cr	₹5,603 Cr	₹4,876 Cr	₹4,961 Cr	₹4,457 Cr	₹3,479 Cr	₹7,807 Cr	₹9,352 Cr	₹7,918 Cr
EPS in ₹	₹7.10	₹-4.80	₹5.42	₹3.68	₹9.70	₹11.13	₹9.07	₹8.91	₹8.14	₹4.60	₹14.60	₹17.13	₹14.00

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹73,710 Cr	₹64,262 Cr	₹72,225 Cr	₹91,866 Cr	₹92,048 Cr	₹84,447 Cr	₹88,021 Cr	₹1.33 Lakh Cr	₹1.47 Lakh Cr	₹1.44 Lakh Cr	₹62,717 Cr	₹78,437 Cr	₹88,898 Cr
Expenses	₹51,595 Cr	₹82,741 Cr	₹50,849 Cr	₹66,989 Cr	₹68,877 Cr	₹63,704 Cr	₹60,703 Cr	₹87,908 Cr	₹1.13 Lakh Cr	₹1.08 Lakh Cr	₹44,139 Cr	₹55,254 Cr	₹61,402 Cr
Operating Profit	₹22,114 Cr	-₹18,479 Cr	₹21,376 Cr	₹24,877 Cr	₹23,171 Cr	₹20,743 Cr	₹27,318 Cr	₹44,824 Cr	₹34,431 Cr	₹35,312 Cr	₹18,578 Cr	₹23,183 Cr	₹27,496 Cr
OPM %	30%	-29%	30%	27%	25%	25%	31%	34%	23%	25%	30%	30%	31%
Interest	₹5,659 Cr	₹5,778 Cr	₹5,855 Cr	₹5,112 Cr	₹5,689 Cr	₹4,977 Cr	₹5,210 Cr	₹4,797 Cr	₹6,225 Cr	₹9,465 Cr	₹4,197 Cr	₹2,817 Cr	₹2,936 Cr
Depreciation	₹7,159 Cr	₹8,572 Cr	₹6,292 Cr	₹6,283 Cr	₹8,192 Cr	₹9,093 Cr	₹7,638 Cr	₹8,895 Cr	₹10,555 Cr	₹10,723 Cr	₹4,233 Cr	₹4,810 Cr	₹5,066 Cr
Profit before Tax	-₹9,925 Cr	-₹28,540 Cr	₹13,652 Cr	₹19,569 Cr	₹13,560 Cr	-₹8,259 Cr	₹17,213 Cr	₹32,964 Cr	₹20,276 Cr	₹20,365 Cr	₹22,887 Cr	₹29,742 Cr	₹33,837 Cr
Net Profit	-₹11,369 Cr	-₹17,862 Cr	₹11,316 Cr	₹13,692 Cr	₹9,698 Cr	-₹4,744 Cr	₹15,032 Cr	₹23,710 Cr	₹14,503 Cr	₹7,539 Cr	₹20,535 Cr	₹25,096 Cr	₹28,556 Cr
EPS in Rs	-52.77	-41.39	23.47	27.82	19.01	-17.93	31.21	50.58	28.45	11.40	38.33	44.47	50.33

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹296.00 Cr	₹296.00 Cr	₹297.00 Cr	₹372.00 Cr	₹372.00 Cr	₹372.00 Cr	₹372.00 Cr	₹372.00 Cr	₹372.00 Cr	₹372.00 Cr	₹391.00 Cr	₹391.00 Cr
Reserves & Surplus	₹53,579 Cr	₹43,743 Cr	₹60,128 Cr	₹62,940 Cr	₹61,925 Cr	₹54,263 Cr	₹61,906 Cr	₹65,011 Cr	₹39,051 Cr	₹30,350 Cr	₹40,821 Cr	₹49,261 Cr
Borrowings (Debt)	₹77,752 Cr	₹67,778 Cr	₹71,569 Cr	₹58,159 Cr	₹66,226 Cr	₹59,187 Cr	₹57,669 Cr	₹53,583 Cr	₹80,329 Cr	₹87,706 Cr	₹91,479 Cr	₹32,947 Cr
Total Liabilities	₹1.90 Lakh Cr	₹1.92 Lakh Cr	₹1.97 Lakh Cr	₹1.80 Lakh Cr	₹1.99 Lakh Cr	₹1.81 Lakh Cr	₹1.83 Lakh Cr	₹1.94 Lakh Cr	₹1.89 Lakh Cr	₹1.88 Lakh Cr	₹2.00 Lakh Cr	₹2.32 Lakh Cr
Fixed Assets	₹70,108 Cr	₹67,231 Cr	₹76,756 Cr	₹80,279 Cr	₹96,397 Cr	₹88,904 Cr	₹90,470 Cr	₹93,466 Cr	₹95,744 Cr	₹98,963 Cr	₹99,905 Cr	₹30,548 Cr
Total Assets	₹1.90 Lakh Cr	₹1.92 Lakh Cr	₹1.97 Lakh Cr	₹1.80 Lakh Cr	₹1.99 Lakh Cr	₹1.81 Lakh Cr	₹1.83 Lakh Cr	₹1.94 Lakh Cr	₹1.89 Lakh Cr	₹1.88 Lakh Cr	₹2.00 Lakh Cr	₹2.32 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹17,805 Cr	₹20,377 Cr	₹18,083 Cr	₹17,366 Cr	₹23,754 Cr	₹19,300 Cr	₹23,980 Cr	₹34,963 Cr	₹33,065 Cr	₹35,654 Cr	₹39,562 Cr	₹39,499 Cr
Cash from Investing (CFI)	-₹4,133 Cr	-₹7,868 Cr	₹2,681 Cr	₹15,480 Cr	-₹10,594 Cr	-₹5,925 Cr	-₹6,678 Cr	-₹2,243 Cr	-₹668.00 Cr	-₹13,676 Cr	-₹19,158 Cr	-₹24,134 Cr
Cash from Financing (CFF)	-₹13,956 Cr	-₹11,303 Cr	-₹12,425 Cr	-₹39,255 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
Free Cash Flow (FCF)	₹7,231 Cr	₹14,965 Cr	₹12,648 Cr	₹10,070 Cr	₹14,937 Cr	₹11,631 Cr	₹17,262 Cr	₹24,658 Cr	₹19,411 Cr	₹19,097 Cr	₹22,848 Cr	₹18,747 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	18	14	11	16	16	12	14	14	10	9	21	6
Inventory Days	129	132	161	135	184	184	153	147	124	107	234	66
Cash Conversion Cycle (Days)	69	-120	-136	-51	-42	-80	-77	-61	43	33	90	-16
ROCE %	9%	-14%	11%	15%	14%	10%	17%	28%	20%	21%	12%	16%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹429.62 • Undervalued (Margin of Safety)

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹263.88

DCF Fair Value

₹429.62

Graham Number

₹283.52

Margin of Safety

+37.9%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹429.62

Undervalued (Margin of Safety) (Margin: +37.9%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹418	₹414	₹411	₹407
10%	₹426	₹422	₹418	₹414
12%	₹434	₹430	₹426	₹422
14%	₹441	₹437	₹433	₹429

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹430	Undervalued
Benjamin Graham Number	₹284	Margin of Safety
Historical Sector P/E	₹619	Discounted
EV / EBITDA Multiplier	₹277	In-Line
Free Cash Flow Yield Model	₹259	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 8/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

8 / 9 Pass

Altman Z-Score

4.22 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 0.66x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 31.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

54.72%

FIIs (Foreign)

15.78%

DIIs (Domestic)

10.83%

Government

0.15%

Public / Retail

18.45%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	63.71%	63.71%	61.95%	59.31%	56.38%	56.38%	56.38%	56.38%	56.38%	56.38%	56.38%	54.72%
+ FIIs (Foreign Portfolio)	7.82%	7.74%	8.77%	10.23%	11.45%	12.02%	11.15%	10.60%	11.08%	12.15%	13.93%	15.78%
+ DIIs (Mutual Funds / Insurance)	10.59%	11.19%	13.15%	14.78%	16.29%	15.49%	16.38%	16.47%	16.25%	15.31%	13.43%	10.83%
+ Public (Retail & HNIs)	17.74%	17.23%	15.86%	15.41%	15.64%	15.92%	15.89%	16.35%	16.09%	16.05%	16.05%	18.45%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Metals & Mining.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

VEDL Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

VEDL Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

VEDL Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹337.77

Accelerated market share capture in Metals & Mining, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹295.55

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 9x P/E.

🐻 Bear Case (15%) -12.0%

₹232.21

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Metals & Mining)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 19:18 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Vedanta Ltd (VEDL)	Target Stock	₹263.88	+0.72%	9.0x	38.2%	16.1%	0.66	₹98,561 Cr
JSW Steel Ltd (JSWSTEEL)	Integrated Steel Producer	₹1,353.30	+0.47%	25.0x	10.2%	11.0%	0.99	₹3.02 Lakh Cr
Coal India Ltd (COALINDIA)	Coal Mining & Power Coal	₹406.30	+1.20%	8.3x	28.2%	35.0%	0.12	₹2.59 Lakh Cr
HINDUSTAN ZINC Ltd (HINDZINC)	Metals & Mining Operations	₹579.00	+0.53%	13.8x	76.6%	69.5%	0.39	₹2.35 Lakh Cr
Tata Steel Ltd (TATASTEEL)	Iron & Steel Manufacturing	₹189.28	+2.40%	18.7x	11.7%	12.5%	0.90	₹2.21 Lakh Cr
Hindalco Industries Ltd (HINDALCO)	Aluminium & Copper Fabrication	₹962.30	+0.24%	10.2x	13.0%	13.2%	0.73	₹2.12 Lakh Cr
NMDC Ltd (NMDC)	Iron Ore Mining & Mineral Extraction	₹71.70	+0.28%	8.8x	23.4%	27.6%	0.19	₹65,622 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	19:18:52 IST	✓ Live Sync
Financial Statements (10Y)	Vedanta Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Vedanta Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Vedanta Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Metals & Mining)

Metric Explainer

Stock DNA Methodology

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