Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, operates across multiple sectors including oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium, and power, with a presence in India and globally.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, operates across multiple sectors including oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium, and power, with a presence in India and globally.
OUTLOOK & VALUATION
Vedanta’s financial performance was moderate in Q1FY26, characterised by commodity price volatility and changing global trade dynamics. Despite the macro headwinds, domestic demand was strong, helping support market premiums. Margins were strong across key businesses, driven by operational excellence and cost discipline. The company’s commitment to deleveraging and improving its capital efficiency, along with a robust business model, strong governance framework and transparent disclosures, positions Vedanta well to address challenges and capitalise on opportunities in the industry. Hence, we upgrade our rating on the stock to BUY with a revised target price of Rs. 485, based on 4.6x FY27E EV/EBITDA.
