VEDANTANSE: VEDLBSE: 500295Metals & Mining · Diversified Metals

₹234.551.50 (0.64%)

Mkt Cap: ₹91,855.01 Cr.
P/E (TTM): 4.27
Open: ₹236.00
Day's Range: ₹232.00 – ₹237.80
52W Range: ₹221.60 – ₹795.00
Div Yield: 6.88%
EPS (TTM): ₹14.00
Book Value: ₹175.37

VEDANTA Financial Statements

Name: VEDANTA Financials — historical data
Creator: StockeZee

For Apr 2026, VEDANTA reported revenue of ₹78,437 crore and net profit of ₹17,391 crore. Return on equity stands at 23.12%. Profit & loss, balance sheet and cash flow across 18 reported years are below.

Updated 30 Oct 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹78,437 Cr
EBITDA: ₹23,184 Cr
Operating margin: 29.56%
Profit after tax: ₹17,391 Cr
Net margin: 22.17%
EPS: ₹44.47
Latest year: Apr 2026
Years reported: 18

VEDANTA revenue and profit trend

The quickest view of reported annual business performance. Revenue and profit use separate scales.

VEDANTA profit & loss

Reported annual performance for VEDANTA, oldest to newest. Figures in ₹ crore unless a row states otherwise.

VEDANTA annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Apr 2022	Mar 2023	May 2023	Mar 2024	Apr 2024	Mar 2025	Apr 2025	Mar 2026	Apr 2026
Revenue from Operations	1,32,732	1,32,732	1,47,308	1,47,308	1,43,727	1,43,727	1,52,968	1,52,968	78,437	78,437
Sales Growth YoY %	52.81%	—	10.98%	—	-2.43%	—	6.43%	6.43%	-48.72%	-48.72%
Other Income	2,600	2,600	2,851	2,851	2,550	2,550	3,675	3,675	1,550	1,550
Total Income	1,35,332	1,35,332	1,50,159	1,50,159	1,46,277	1,46,277	1,56,643	1,56,643	79,987	79,987
Cost of Goods Sold (COGS)	35,256	35,256	44,150	44,150	44,407	44,407	49,022	49,022	29,924	29,924
Cost of Materials Consumed	37,172	37,172	44,470	44,470	44,115	44,115	50,286	50,286	29,891	29,891
Purchases of Stock-in-Trade	133	133	57	57	116	116	184	184	260	260
Changes in Inventories	-2,049	-2,049	-377	-377	176	176	-1,448	-1,448	-227	-227
Gross Profit	97,476	97,476	1,03,158	1,03,158	99,320	99,320	1,03,946	1,03,946	48,513	48,513
Gross Margin %	73.44%	73.44%	70.03%	70.03%	69.1%	69.1%	67.95%	67.95%	61.85%	61.85%
Total Operating Expenses	52,652	52,652	68,736	68,736	64,122	64,122	61,603	61,603	25,329	25,329
Employee Benefit Expense	2,811	2,811	3,098	3,098	3,300	3,300	3,503	3,503	1,748	1,748
Other Expenses	49,841	49,841	65,638	65,638	60,822	60,822	58,100	58,100	23,581	23,581
EBITDA	44,824	44,824	34,422	34,422	35,198	35,198	42,343	42,343	23,184	23,184
OPM %	33.77%	33.77%	23.37%	23.37%	24.49%	24.49%	27.68%	27.68%	29.56%	29.56%
Total Non-Operating Expenses	12,924	12,924	16,563	16,563	22,991	22,991	22,878	22,878	7,647	7,647
Depreciation & Amortisation	8,895	8,895	10,555	10,555	10,723	10,723	11,096	11,096	4,810	4,810
Finance Costs	4,797	4,797	6,225	6,225	9,465	9,465	9,914	9,914	2,817	2,817
Exceptional Items (Before Tax)	-768	-768	-217	-217	2,803	2,803	1,868	1,868	20	20
Profit Before Tax (PBT)	32,964	32,964	20,276	20,276	20,363	20,363	26,876	26,876	17,127	17,127
Tax Expense	9,255	9,255	5,770	5,770	12,826	12,826	6,342	6,342	4,646	4,646
Current Tax	6,309	6,309	7,502	7,502	4,087	4,087	4,327	4,327	4,355	4,355
Deferred Tax	2,946	2,946	-1,732	-1,732	8,739	8,739	2,015	2,015	291	291
Effective Tax %	28.08%	28.08%	28.46%	28.46%	62.99%	62.99%	23.6%	23.6%	27.13%	27.13%
Profit/Loss from Discontinued Operations	0	0	0	0	0	0	0	0	12,616	12,616
Total Profit for Period	23,710	23,710	14,503	14,503	7,539	7,539	20,535	20,535	25,096	25,096
Less: Non-controlling Interests	4,908	4,908	3,929	3,929	3,300	3,300	5,547	5,547	7,705	7,705
Net Profit (Owner's PAT)	18,802	18,802	10,574	10,574	4,239	4,239	14,988	14,988	17,391	17,391
Net Profit Margin %	14.17%	14.17%	7.18%	7.18%	2.95%	2.95%	9.8%	9.8%	22.17%	22.17%
PAT Growth YoY %	62.06%	—	-43.76%	—	-59.91%	—	253.57%	253.57%	16.03%	16.03%
Earnings Per Share (EPS)	₹50.58	₹50.58	₹28.45	₹28.45	₹11.4	₹11.4	₹38.33	₹38.33	₹44.47	₹44.47
Diluted Shares Outstanding (Cr.)	372	372	372	372	372	372	391	391	391	391
Profit/Loss from Associates	1	1	-3	-3	2	2	1	1	-1	-1
Other Comprehensive Income (Net of Tax)	863	863	921	921	-1,888	-1,888	526	526	-1,431	-1,431
Expenses	1,02,368	1,02,368	1,29,883	1,29,883	1,25,914	1,25,914	1,29,767	1,29,767	62,860	62,860
Material Cost %	28.01%	28.01%	30.19%	30.19%	30.69%	30.69%	32.87%	32.87%	38.11%	38.11%
Employee Cost %	2.12%	2.12%	2.1%	2.1%	2.3%	2.3%	2.29%	2.29%	2.23%	2.23%
Other Cost %	37.55%	37.55%	44.56%	44.56%	42.32%	42.32%	37.98%	37.98%	30.06%	30.06%
Interest Coverage (x)	7.49	7.49	3.83	3.83	2.59	2.59	3.15	3.15	6.52	6.52

Showing the most recent 10 of 18 reported periods.

VEDANTA balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

VEDANTA annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	77,524	71,747	77,416	82,704	49,427	42,069	53,753	68,577
Equity Share Capital	372	372	372	372	372	372	391	391
Reserves & Surplus	61,925	54,263	61,906	65,011	39,051	30,350	40,821	49,261
Equity Method Investments	—	—	—	—	—	—	—	31
Total Equity	77,524	71,747	77,416	82,704	49,427	42,069	53,753	68,577
Non-Current Liabilities	47,878	48,553	49,157	50,183	58,903	70,077	75,965	23,722
Long-term Borrowings	34,721	36,724	37,962	36,205	43,476	50,633	52,712	16,209
Deferred Tax Liabilities	4,484	2,885	2,215	4,435	5,922	10,152	13,043	4,901
Non-Current Provisions	2,596	2,828	3,132	3,386	3,426	3,105	3,223	746
Other Non-Current Liabilities	4,409	4,570	4,327	4,674	4,309	950	1,161	1,168
Non-Current Financial Liabilities	36,389	38,270	39,483	37,688	45,246	51,662	54,315	16,907
Current Liabilities	76,641	63,322	59,124	65,713	88,026	78,661	73,575	35,023
Short-term Borrowings	22,982	13,076	3,715	16,904	22,706	21,125	21,141	10,786
Trade Payables	17,352	16,972	15,875	10,538	11,043	10,095	10,195	7,250
Current Financial Liabilities	63,073	51,306	48,672	56,602	72,806	64,345	64,675	31,220
Other Current Financial Liabilities	22,739	21,258	29,082	29,160	39,057	33,125	33,339	13,184
Other Current Liabilities	12,772	11,473	9,822	7,777	13,238	11,477	7,061	2,276
Current Provisions	387	355	353	417	381	341	372	76
Liabilities Held for Sale	—	—	—	—	—	—	—	1,05,915
Current Tax Liabilities	409	188	277	917	1,601	2,210	1,158	1,451
Total Liabilities	1,24,519	1,11,875	1,08,281	1,15,896	1,46,929	1,48,738	1,49,540	1,64,660
Total Non-Current Assets	1,42,215	1,26,102	1,29,505	1,30,025	1,35,849	1,38,883	1,51,528	47,187
Property, Plant & Equipment (PPE)	95,515	88,022	89,429	91,990	93,607	96,715	97,834	30,027
Capital Work-in-Progress	22,236	16,837	13,880	14,230	17,434	20,331	30,939	10,310
Intangible Assets	882	882	1,041	1,476	1,976	2,248	2,071	521
Non-Current Investments	4,891	95	156	151	514	987	1,623	1,252
Loans – Non-Current	20	17	5,069	3,166	10	5	1,799	39
Other Non-Current Assets	7,702	5,975	5,958	6,204	5,241	8,268	5,486	2,930
Non-Current Financial Assets	9,682	5,749	10,903	9,391	6,840	6,074	8,888	2,221
Net Fixed Assets	1,18,633	1,05,741	1,04,350	1,07,696	1,13,017	1,19,294	1,30,844	40,858
Total Current Assets	59,828	57,520	56,192	68,575	60,507	51,924	51,765	26,810
Inventories	13,198	11,335	9,923	14,313	15,012	13,001	14,474	5,414
Trade Receivables	3,982	2,697	3,491	4,946	4,014	3,607	3,636	1,305
Cash & Cash Equivalents	7,289	5,117	4,854	8,671	6,926	2,812	3,993	1,370
Current Investments	28,174	24,658	16,504	17,140	12,636	10,882	12,909	14,135
Loans – Current	82	85	2,019	2,304	3,760	3,364	1,840	1
Current Financial Assets	43,167	43,040	42,958	48,964	37,746	35,105	33,386	19,868
Other Current Assets	3,455	3,138	3,304	5,273	6,493	3,770	3,817	1,479
Other Current Financial Assets	2,560	3,098	4,315	8,982	8,082	12,925	7,161	688
Assets Held for Sale	—	—	—	—	—	—	—	1,59,240
Current Tax Assets	8	7	7	25	1,256	48	88	49
Net Working Capital	-16,813	-5,802	-2,932	2,862	-27,519	-26,737	-21,810	-8,213
Additional Asset Fields	18,702	24,001	20,998	22,406	18,499	18,532	20,426	19,851
Def Govt Grants Curr	—	—	—	—	—	288	309	—
Def Govt Grants Nc	—	—	—	—	—	4,208	4,223	—
Def Tax Assets	3,475	6,889	5,860	5,085	8,495	2,689	3,353	926
Non Controlling Int	15,227	17,112	15,138	17,321	10,004	11,347	12,541	18,925
Total Assets	2,02,043	1,83,622	1,85,697	1,98,600	1,96,356	1,90,807	2,03,293	2,33,237
Total Borrowings	57,703	49,800	41,677	53,109	66,182	71,758	73,853	26,995
Net Debt	50,414	44,683	36,823	44,438	59,256	68,946	69,860	25,625
Debt to Equity (x)	0.74	0.69	0.54	0.64	1.34	1.71	1.37	0.39
Current Ratio (x)	0.78	0.91	0.95	1.04	0.69	0.66	0.7	0.77

VEDANTA cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

VEDANTA annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	34,963	33,065	35,654	39,562	39,499
Profit Before Tax	32,964	20,276	20,363	26,876	17,127
Depreciation & Amortisation	8,919	10,597	10,744	11,139	9,807
Finance Costs	4,712	6,129	9,330	9,772	8,199
Working Capital Changes	-4,766	4,599	1,813	-322	-7,210
Tax Paid	-5,736	-6,357	-2,685	-3,083	-8,136
Net Cash from Investing Activities	-2,253	-693	-13,686	-19,190	-24,338
Purchase of PPE	-10,630	-13,787	-16,752	-17,005	-20,876
Sale of Fixed Assets	325	133	195	291	124
Interest Received	1,868	1,674	1,678	2,390	2,115
Net Cash from Financing Activities	-28,903	-34,142	-26,092	-19,223	-13,549
Proceeds from Borrowings	35,047	42,470	36,248	39,677	36,080
Repayment of Borrowings	-39,095	-29,734	-31,433	-38,309	-31,134
Interest Paid	-5,274	-5,530	-9,825	-10,458	-9,124
Dividend Paid	-19,349	-41,149	-20,500	-21,191	-14,825
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-232	-182	-382	-468	-544
Net Change in Cash	3,817	-1,745	-4,114	1,181	1,816
Effect of Foreign Exchange Changes	10	25	10	32	204
Free Cash Flow	24,333	19,278	18,902	22,557	18,623
CFO / PBT (x)	1.06	1.63	1.75	1.47	2.31

VEDANTA key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

VEDANTA trades at a P/E of 4.27× against a sector median of 14.93× — a 71% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

VEDANTA valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	4.27
Forward P/E	Valuation	12.23
P/B	Valuation	7.2
PEG (TTM)	Valuation	0.96
EV / EBITDA (TTM)	Valuation	20.47
P/S (TTM)	Valuation	1.38
Operating margin	Profitability	21.9%
Net margin (TTM)	Profitability	22.68%
Return on equity	Return ratios	23.12%
Return on capital employed	Return ratios	21.01%
Return on assets	Return ratios	5.26%
Debt to equity	Leverage & liquidity	0.39
Beta	Leverage & liquidity	1.39
EPS (TTM)	Per share	₹14
Book value	Per share	₹175.37
Revenue / share (TTM)	Per share	₹196.54
Cash flow / share	Per share	₹101.15
Dividend yield	Shareholder returns	6.88%
Dividend payout (TTM)	Shareholder returns	189.52%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

VEDANTA: frequently asked questions

What is VEDANTA's annual revenue?

VEDANTA reported revenue of ₹78,437 crore in Apr 2026, up 0.0% on the previous financial year.

Is VEDANTA profitable?

VEDANTA reported a net profit of ₹17,391 crore in Apr 2026, up 0.0% on the previous financial year.

What is VEDANTA's EPS?

VEDANTA reported earnings per share of ₹44.47 for Apr 2026.

What is VEDANTA's operating margin?

VEDANTA's operating margin for Apr 2026 was 29.56%.

What is VEDANTA's return on equity?

VEDANTA's return on equity stands at 23.12%. ROE measures profit generated per rupee of shareholder equity.

How many years of VEDANTA financials are shown?

18 reported financial years are tabulated on this page, the most recent being Apr 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about VEDANTA (VEDL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.