In Week of Mar 28, 2026, Vedanta Ltd (Mining/Minerals) is outperforming Nifty 500 with +19.7% relative strength. Fundamentals: Strong. On a 12-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Ramp-up completion will reduce alumina costs by 15-20% as captive production becomes economical
Impact: +₹2500 Cr revenue
“CFO stated captive production to be 60% in Q3, 70% in Q4, and 80% in following quarters”
What: NCLT approved demerger to unlock $10-12 billion in value through separate listings
“Management confirmed NCLT approval for demerger scheme with April 1 as effective date”
What: Athena power plant operating at 72% PLF will exceed annual guidance
Impact: +₹1800 Cr revenue
“Power business on track to outperform annual guidance with Athena recording 72% PLF in Q3”
Earnings deceleration risks from management commentary
Trigger: Market prices remain below production costs
Impact: -700 bps margin impact
Management view: Aluminum business's alumina cost remains higher than market prices, impacting cost efficiency
Monitor: Alumina market price vs production cost
Trigger: Further safety incidents occur
Impact: -200 bps margin impact
Management view: Lost three colleagues in Q3, redoubling safety efforts
Monitor: TFIR and safety incident rates
Key quotes from recent conference calls
“We delivered our best ever quarterly EBITDA of 15,171 crores growing 34% YoY with EBITDA margins expanding sharply by 629 basis points YoY to 41% — Sunil Duggal”
“As they ramp up Lanjigarh, they expect captive production to be 60% in Q3, 70% in Q4, and 80% in the following quarters. The main driver for cost reduction remains the increase in captive production — Anup Agarwal”
“The Power business is on track to outperform annual guidance, with Athena recording a PLF of 72% in quarter three — Sunil Duggal”
“We are on track to deliver what will become a lifetime high annual EBITDA of over $6 billion, surpassing the guidance given at the time of the Q1 results — Sunil Duggal”
Forward-looking targets from management for FY26
Revenue Growth Target
15%
Implied PAT Growth
45%
OPM Guidance
40%
Capex Plan
₹22500 Cr
Credit Growth Target
-5%
Key Milestones
• Demerger completion by April 1
• Lanjigarh alumina at 80% captive production by Q1 FY27
• Net debt/EBITDA to 1x by FY26 end
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +37% | +5% | Stable |
| PAT (Net Profit) | +60% | -5% | Stable |
| OPM | 29.0% | 0 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Vedanta Ltd's latest quarterly results (Dec 2025) show
Vedanta Ltd's profit is growing with an stable trend.
Vedanta Ltd's revenue growth trend is stable.
Vedanta Ltd's operating margin is stable.
Vedanta Ltd's long-term compounding rates
Vedanta Ltd's earnings growth is stable with mixed signals on a sequential basis.
Vedanta Ltd's trailing twelve month (TTM) performance
Vedanta Ltd appears overvalued based on our fair value analysis.
Vedanta Ltd's current PE ratio is 23.1x.
Vedanta Ltd's current PE is 23.1x.
Vedanta Ltd's price-to-book ratio is 6.3x.
Vedanta Ltd is rated Strong with a fundamental score of 63/100. This score is calculated from objective financial metrics
Vedanta Ltd has a debt-to-equity ratio of N/A.
Vedanta Ltd's return ratios over recent years
Vedanta Ltd's operating cash flow is positive (FY2025).
Vedanta Ltd's current dividend yield is 6.70%.
Vedanta Ltd's shareholding pattern (Dec 2025)
Vedanta Ltd's promoter holding has remained stable recently.
Vedanta Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Vedanta Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
Vedanta Ltd has 3 key growth catalysts identified from recent earnings analysis
Vedanta Ltd has 2 key risks worth monitoring
In Q3 FY26, Vedanta Ltd's management highlighted
Vedanta Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why Vedanta Ltd may be worth studying
Vedanta Ltd investment thesis summary:
Vedanta Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
