VEDL.NS Vedanta Limited
INR·Price 299.45·Mkt cap 1.17TComputed from the latest reported financials and the current market price.
Who's the real player?
Partly exposed — some of its business rides this theme, the rest is elsewhere.
Is the business healthy?
Healthy business: it turns profit into real cash and earns solid returns on capital.
- High cash flow quality
- Strong FCF conversion
- Negative accrual ratio indicates solid cash generation
- Healthy returns on invested capital
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
- High promoter or insider stake
- Significant capex growth
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 469.70 vs price 299.45 — screens cheap on a cash-flow DCF (56.9% to intrinsic). The base FCF growth assumption is 0%, which may be unrealistic unless the company is in a mature or declining phase.
| Intrinsic / share | 469.70 |
| Price | 299.45 |
| Upside to intrinsic | 56.9% |
| Reverse-DCF implied g | -5.5% |
Base FCF 200.27B · growth 0.0% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | -4% | -2% | 0% | 2% | 4% |
| 10% | 469.83 | 558.41 | 662.61 | 785 | 928.54 |
| 11% | 393.75 | 465.86 | 550.36 | 649.26 | 764.87 |
| 12% | 338.74 | 399.17 | ★ 469.7 | 551.97 | 647.85 |
| 13% | 296.95 | 348.67 | 408.82 | 478.74 | 559.98 |
| 14% | 264 | 308.99 | 361.14 | 421.56 | 491.55 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 5 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 35%
- Net margin ≥ 10% — now 22.7%
- Positive free cash flow — now 24.3%
- Conservative leverage (D/E ≤ 1.0) — now 0.56
- Trades below intrinsic value (margin of safety ≥ 0) — now 36.2%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 2 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.56
- Solid liquidity (current ratio ≥ 1.5) — now 5.31
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
▶
Passes 3 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 18% — now 35%
- Net margin ≥ 10% — now 22.7%
- Conservative leverage (D/E ≤ 1.0) — now 0.56
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
▶
Passes 2 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 35%
- Manageable debt (D/E ≤ 1.0) — now 0.56
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 3 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 35%
- Conservative leverage (D/E ≤ 1.0) — now 0.56
- Trades below intrinsic value (margin of safety ≥ 0) — now 36.2%
- High returns on capital (ROCE ≥ 15%) — now 9.3%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 4 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- P/E ≤ 15 — now 6.69
- Graham number: P/E × P/B ≤ 22.5 — now 15.7
- Strong liquidity (current ratio ≥ 1.5) — now 5.31
- Debt below equity (D/E ≤ 1.0) — now 0.56
- P/B ≤ 1.5 — now 2.34
- Financially safe (Altman Z ≥ 3) — now 2.77
- A long record of stable earnings
- An uninterrupted dividend history
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Passes 1 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Positive net margin — now 22.7%
- High returns on capital (ROCE ≥ 18%) — now 9.3%
- Very low debt (D/E ≤ 0.5) — now 0.56
- Consistent revenue (consistency ≥ 80%) — now 66.3%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 0 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Quality: ROCE ≥ 18% — now 9.3%
- Longevity: revenue consistency ≥ 70% — now 66.3%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 766.72B | 616.05B | 1.42T | 1.45T | — |
| Operating income | 183.74B | 143.45B | 248.28B | 242.85B | — |
| EBITDA | 297.50B | 269.64B | 395.42B | 367.19B | — |
| Net income | 173.91B | 149.88B | 42.39B | 105.74B | — |
| Operating cash flow | 394.99B | 395.62B | 356.54B | 330.65B | — |
| Capex | -208.76B | -170.05B | -167.52B | -137.87B | — |
| Free cash flow | 186.23B | 225.57B | 189.02B | 192.78B | — |
| Total assets | 2.33T | 2.03T | 1.91T | 1.95T | — |
| Total equity | 496.52B | 382.99B | 307.22B | 394.23B | — |
| Total debt | 278.44B | 751.85B | 727.70B | 666.18B | — |
| Cash & equivalents | 13.70B | 39.93B | 28.12B | 69.26B | — |