Valuation Vedanta Limited

Equities

VEDL

INE205A01025

Diversified Mining

Delayed NSE India S.E. Other stock markets 02:38:04 09/02/2026 pm IST			5-day change	1st Jan Change
681.00 ^INR	+1.48%		+3.06%	+12.65%

30/01	ICICI Securities Downgrades Vedanta to Add from Buy, Price Target is INR850	MT
30/01	Vedanta Ltd CFO targets mid-May India listings of demerged units	RE

Company Valuation: Vedanta Limited

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	8,47,245	14,94,414	10,17,894	10,08,689	18,08,567	26,20,855	-	-
Change	-	76.39%	-31.89%	-0.9%	79.3%	44.91%	-	-
Enterprise Value (EV) ¹	10,97,725	17,02,924	14,65,274	15,84,309	24,82,027	32,72,467	32,34,580	30,34,074
Change	-	55.13%	-13.96%	8.12%	56.66%	31.85%	-1.16%	-6.2%
P/E ratio	7.3x	8.01x	9.69x	24x	12x	13x	9.4x	8.52x
PBR	1.37x	2.29x	2.59x	3.29x	4.18x	5.51x	4.54x	3.58x
PEG	-	0.1x	-0.2x	-0.4x	0x	0.4x	0.2x	0.8x
Capitalization / Revenue	0.98x	1.13x	0.69x	0.7x	1.18x	1.55x	1.37x	1.28x
EV / Revenue	1.26x	1.28x	0.99x	1.1x	1.62x	1.94x	1.68x	1.48x
EV / EBITDA	4.02x	3.8x	4.26x	4.5x	5.86x	5.95x	4.71x	4.12x
EV / EBIT	5.58x	4.74x	6.14x	6.47x	7.94x	7.48x	5.63x	4.94x
EV / FCF	6.42x	7x	7.6x	8.38x	11x	13.4x	9.14x	7.42x
FCF Yield	15.6%	14.3%	13.2%	11.9%	9.09%	7.46%	10.9%	13.5%
Dividend per Share ²	9.5	45	101.5	29.5	43.5	35.31	39.16	38.25
Rate of return	4.15%	11.2%	37%	10.9%	9.39%	5.26%	5.84%	5.7%
EPS ²	31.32	50.38	28.32	11.33	38.65	51.71	71.41	78.8
Distribution rate	30.3%	89.3%	358%	260%	113%	68.3%	54.8%	48.5%
Net sales ¹	8,68,630	13,27,320	14,73,080	14,37,270	15,29,680	16,89,939	19,20,029	20,55,296
EBITDA ¹	2,73,180	4,48,240	3,44,220	3,51,980	4,23,440	5,50,313	6,87,141	7,35,741
EBIT ¹	1,96,800	3,59,290	2,38,670	2,44,750	3,12,480	4,37,466	5,74,625	6,14,668
Net income ¹	1,16,020	1,88,020	1,05,740	42,390	1,49,880	2,00,372	2,79,452	3,08,297
Net Debt ¹	2,50,480	2,08,510	4,47,380	5,75,620	6,73,460	6,51,612	6,13,725	4,13,219
Reference price ²	228.75	403.35	274.45	271.65	463.40	671.05	671.05	671.05
Nbr of stocks (in thousands)	37,03,804	37,05,006	37,08,850	37,13,194	39,02,820	39,05,603	-	-
Announcement Date	13/05/21	28/04/22	12/05/23	25/04/24	30/04/25	-	-	-

¹INR in Million²INR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
VEDANTA LIMITED	12.98x	1.94x	5.95x	5.26%	2.89TCr
BHP GROUP LIMITED	13.08x	3.38x	5.94x	4.01%	17TCr
RIO TINTO PLC	14.57x	3.05x	6.93x	4.21%	16TCr
GRUPO MÉXICO, S.A.B. DE C.V.	20.45x	5.17x	9.41x	2.53%	9.31TCr
GLENCORE PLC	63.51x	0.49x	8.53x	1.51%	7.62TCr
SAUDI ARABIAN MINING COMPANY (MAADEN)	35.92x	8.07x	19.58x	-.--%	7.62TCr
ANGLO AMERICAN PLC	-41.22x	3.12x	9.49x	0.49%	5.04TCr
FRESNILLO PLC	32.28x	8.18x	13.8x	2.09%	3.7TCr
HINDUSTAN ZINC LIMITED	19.81x	6.6x	12.1x	3.66%	2.84TCr
TECK RESOURCES LIMITED	31.72x	3.83x	10.01x	0.67%	2.69TCr
Average	20.31x	4.38x	10.17x	2.44%	7.49TCr
Weighted average by Cap.	19.98x	4.02x	9.24x	2.79%