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Vedanta Limited VEDL.NS

IN · National Stock Exchange of India · XNSE · stock · Basic Materials · website

Vedanta Limited statistics & valuation

Market cap₹1.04T
P / E6.0×
P / S1.4×
P / B2.6×
P / FCF5.6×
Net margin22.7%
FCF margin24.3%
Net debt₹264.7B
Enterprise value USD$13.7B
Earnings yield EBIT/EV14.1%
Return on capital20%
Graham number +20.6%₹322.51

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹322.51); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.30% 3.00% 24.30% 22.70% 2023202420252026
Gross margin (%)
37.10% 40.10% 40.00% 39.10% 2023202420252026
Operating margin (%)
16.70% 17.50% 23.60% 24.10% 2023202420252026
Return on equity (%)
26.80% 13.80% 39.10% 42.60% 2023202420252026
Shares outstanding
3.90B 3.90B 3.90B 3.90B 2023202420252026
Net debt (₹)
₹596.92B ₹699.58B ₹711.92B ₹264.74B 2023202420252026
Share buybacks (₹)
₹0 ₹2.00B ₹420.0M 2023202420252026
Return on assets (%)
5.40% 2.20% 7.40% 7.50% 2023202420252026
Free cash flow margin (%)
13.30% 13.30% 36.60% 24.30% 2023202420252026
Debt / equity (×)
1.69× 2.37× 1.96× 0.68× 2023202420252026
EPS (₹)
₹28.32 ₹11.33 ₹38.65 ₹44.21 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Vedanta Limited trades at about 6.1× earnings — below its 10-year norm (10-year range 6.1×–35.1×, median 10.8×).

6.1× 35.1×

Shaded band = 10-year range (6.1×–35.1×); dot = today's 6.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin39.1%40.0%40.1%37.1%
Operating margin24.1%23.6%17.5%16.7%
Net margin22.7%24.3%3.0%7.3%
FCF margin24.3%36.6%13.3%13.3%
Return on assets7.5%7.4%2.2%5.4%
Return on equity42.6%39.1%13.8%26.8%
Debt / equity0.40×1.38×1.65×1.10×
Current ratio1.320.690.660.70

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.