Vedanta Limited (VEDL) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Vedanta Limited ₹382, price ₹250, upside +52.8%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
60‑month range ₹120.26 – ₹787.50 · fair‑value band ₹214.64 – ₹746.13 · the ₹250.00 price screens below the ₹382.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 14, 2026.
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Vedanta Limited, a diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.
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The company operates through seven reportable segments: Copper, Iron Ore, Power, Zinc India, Zinc International, Oil and Gas, and Others. It explores, produces, and sells oil and gas, zinc, lead, silver, copper, aluminum, steel, pig iron, chrome ores, and metallurgical coke.
The company also operates a thermal coal-based commercial power facility of 600 megawatts (MW) at Jharsuguda in Odisha; a 1,200 MW thermal coal-based power plants in the Chhattisgarh; 1,980 MW thermal coal- based commercial power facilities in Punjab; wind power plants; a 1,000 MW coal-based power plant at Nellore, Andhra Pradesh; and power plants located at Mettur Dam in the state of Tamil Nadu in southern India.
In addition, it manufactures and supplies billets, TMT bars, wire rods, and ductile iron pipes; mechanizes coal handling facilities and upgrades general cargo berth for handling coal at the outer harbor of Visakhapatnam Port on the east coast of India; offers port/berth services; and manufactures glass substrates, semiconductor, display glass panels, ferro alloys, and slag cements.
The company was formerly known as Sesa Sterlite Limited and changed its name to Vedanta Limited in March 2015. The company was founded in 1954 and is headquartered in Mumbai, India.
Stock analysis
Vedanta Limited (VEDL) currently trades at ₹250.00, while our model-based Fair Value estimate is ₹382.05, implying the stock looks roughly 34.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,918 per share, and 22 of the 26 models we run sit above the ₹250.00 price.
Bear case: the Asset-Based group reads lowest at ₹70.06, and 4 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹214.64 (bear) to ₹746.13 (bull), the price of ₹250.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Vedanta Limited reported revenue of ₹784B in FY2026 versus ₹1.3T in FY2022, a compound −12.1%/yr. Reported net income was ₹174B in FY2026, compounding −1.9%/yr from FY2022.
Key figures
Market cap ₹983B (≈ $10.3B) · P/E ratio 11.0 · P/S ratio 2.44 · EPS (TTM) ₹22.76 · Dividend yield 10.8% · Net margin 22.2% · Return on equity 20.4% · Return on assets (EBIT) 29.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).
What moves the price
The share trades about 68% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 53%, VEDL screens cheaper than that median.
Fair Value models
Bear₹214.64Fair Value ₹382.05Bull₹746.13
Price ₹250.00 · Upside +52.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−48.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
Start year 2021 (pandemic). Over 10 years: +2.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.8%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.6%
Dividend (yield on the price)10.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.6% vs 6.5%, slowing
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.44% → 24%
2026 sits 56% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−8.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −11.9% a year for the price and +4.7% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 375 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+52.8% · Top 25%
Profitability
Return on equity (12 months)20.4% · Top 25%
Return on assets10.8% · Top 25%
Net margin (12 months)33.5% · Top 25%
Operating margin (12 months)31.2% · Top 25%
Growth and dividend
Revenue growth−37.3% · Bottom 25%
Dividend yield (12 months)10.8% · Top 25%
Balance sheet
Debt / equity0.40× · Highest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Vedanta Limited Fair Value". https://www.fairvalue-calculator.com/stock/VEDL
Frequently asked questions
Is Vedanta Limited (VEDL) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of ₹382.05 versus a price of ₹250.00, about +53% upside (undervalued).
What is the fair value of VEDL?
Our model-based fair value for Vedanta Limited is ₹382.05 (as of Oct 14, 2026), built from audited fundamentals. The current price: ₹250.00.
What is the quality score of VEDL?
Vedanta Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Vedanta Limited (VEDL)?
Our model-based price target is the fair value of ₹382.05 (as of Oct 14, 2026) from 26 valuation models. Cautious scenario ₹214.64, optimistic scenario ₹746.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Vedanta Limited stock forecast for 2026?
Our models put fair value at ₹382.05, about +53% upside versus a price of ₹250.00 (undervalued). Cautious scenario ₹214.64, optimistic scenario ₹746.13. The calculation is refreshed regularly with new filings.
What is the revenue of Vedanta Limited (VEDL)?
Vedanta Limited reported trailing-twelve-month revenue of about ₹848B (latest available figure, as of Oct 14, 2026).
Does Vedanta Limited pay a dividend?
Vedanta Limited currently shows a dividend yield of about 10.80% relative to its recent price (as of Oct 14, 2026).
What growth is priced into Vedanta Limited (VEDL)?
For today's price to be fair in a discounted-cash-flow model, Vedanta Limited would have to grow free cash flow by -8.3 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.1 % per year. As of Oct 14, 2026.
What discount rate (WACC) does the fair value of VEDL use?
Our models discount Vedanta Limited at 10.4 %: a base by market capitalisation (large), damped by beta 0.37, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Vedanta Limited that is -8.3 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Vedanta Limited (VEDL) delivered so far?
Over the past 5 years revenue at Vedanta Limited grew -2.1 % a year. The price currently implies -8.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Vedanta Limited (VEDL) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Vedanta Limited (-8.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Vedanta Limited (VEDL)?
The free-cash-flow yield on the price is 15.95 %: that much free cash flow Vedanta Limited produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Vedanta Limited (VEDL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vedanta Limited it is ₹382.05 per share (as of Oct 14, 2026), against a price of ₹250.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Vedanta Limited stock overvalued or undervalued in 2026?
As of Oct 14, 2026, VEDL trades below its calculated fair value: price ₹250.00, fair value ₹382.05, a gap of about +53% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VEDL?
No. The price is what the market pays today (₹250.00); the fair value is what the company's own numbers justify (₹382.05). For Vedanta Limited the two are ₹132.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vedanta Limited worth?
The market values Vedanta Limited at about ₹983B (market capitalisation, as of Oct 14, 2026). Per share that is ₹250.00; our models calculate a fair value of ₹382.05 per share.
What do the bullish and bearish scenarios say about VEDL?
Our models span a range for Vedanta Limited: cautious scenario ₹214.64, base ₹382.05, optimistic ₹746.13 per share (as of Oct 14, 2026, price ₹250.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VEDL?
Vedanta Limited trades at a price-to-earnings ratio of 11.0 (as of Oct 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹382.05 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 9.8. Other multiples: P/B 2.4, P/S 1.7, EV/EBITDA 5.1.
How solid is the balance sheet of Vedanta Limited (VEDL)?
Balance-sheet figures for Vedanta Limited (as of Oct 14, 2026): return on equity 20.4%, debt of 0.40 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is VEDL from its 52-week high?
Vedanta Limited trades at ₹250.00, about 68% below its 52-week high of ₹787.50 and at the low of ₹250.00 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of ₹382.05 is for.
Which stocks are comparable to Vedanta Limited?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, Korea Zinc Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Vedanta Limited stock attractive at the current price?
The data as of Oct 14, 2026: price ₹250.00, calculated fair value ₹382.05 (+53%), Quality Score 53/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VEDL calculated?
We run Vedanta Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹382.05, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Vedanta Limited currently trades 35 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Vedanta Limited (VEDL)?
The closing price on Oct 14, 2026 was ₹250.00. Our model-based fair value is ₹382.05, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vedanta Limited right now?
The model range is unusually wide (₹214.64 to ₹746.13). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Vedanta Limited
How large is the market capitalisation of Vedanta Limited (VEDL)?
The market capitalisation of Vedanta Limited is ₹983B (≈ $10.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Vedanta Limited (VEDL)?
The price-to-sales ratio of Vedanta Limited is 2.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vedanta Limited (VEDL)?
Earnings per share at Vedanta Limited are ₹22.76 (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vedanta Limited (VEDL)?
The dividend yield of Vedanta Limited is 10.8% (payout 119%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Vedanta Limited (VEDL)?
The net margin of Vedanta Limited is 22.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Vedanta Limited (VEDL)?
The return on equity (ROE) of Vedanta Limited is 20.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Vedanta Limited (VEDL)?
On an EBIT basis the return on assets of Vedanta Limited is 29.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Vedanta Limited (VEDL)?
The operating margin of Vedanta Limited is 31.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vedanta Limited (VEDL)?
Revenue at Vedanta Limited is growing −37.3% versus a year earlier (3y avg −18.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Vedanta Limited (VEDL)?
Earnings per share at Vedanta Limited are growing +72.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Vedanta Limited (VEDL) carry?
The net debt of Vedanta Limited is ₹292B (fiscal year 2026, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 14, 2026