WinstonWınston
Back
Vedanta Limited logo

Vedanta Limited

VEDL.NS
67
Industrial Materials · Basic Materials
Price
₹279.00
+11.00 (+4.10%)
Market Cap
₹1.09T
Exchange
National Stock Exchange of India
Winston Score
67
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Good
Cash Flow
Good
Stability
Mixed
Valuation
Good
Dividends
Good

Share count rising — dilution

+5.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 3.73B (2022) → 3.93B (2026)

Winston Score History

The full picture

Vedanta Limited is one of India's largest natural resources companies. It mines and processes metals and minerals including zinc, lead, silver, aluminum, copper, and iron ore. It also produces oil and gas. Its customers include manufacturers, construction companies, and industrial buyers across India and around the world.

Vedanta makes money by selling these commodities at market prices, so its revenue rises and falls with global metal and energy prices. The company operates mainly in India, with some assets in Africa and other regions, and it is one of the largest producers of zinc and aluminum in Asia. Vedanta's scale and low-cost mining operations give it a competitive edge, but its high debt load is a significant risk — the parent company, Vedanta Resources, has carried heavy borrowings for years. Commodity price swings and the ongoing challenge of managing debt repayments remain the key risks investors watch closely.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
55.0%
Premium pricing power — 55.0% gross margin
Profit after running costs
Operating Margin
30.2%
Excellent — 30.2% operating margin
Return on the money invested
ROCE
38.1%
Exceptional — 38.1% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-27.0%
Shrinking sales (-27.0% YoY)
Profit growth
EPS YoY
+34.7%
Earnings growing fast (+34.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
82%
Modest — 82% of profit becomes cash
Spare cash per sale
FCF Margin
5.3%
Thin free cash flow (5.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
5.82x
Adequate interest coverage (5.8x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
5.5x
Attractive valuation — P/E 5.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-4.4
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
10.03%
Healthy income — 10.03% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
-7.6%
Dividend cut (-7.6% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial