Vedanta Oil and Gas Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Vedanta Oil and Gas Ltd trades at ₹34.3, in a confirmed uptrend and 5 weeks into that stage. That is −5.9% against its own 200-day average. It sits at 0% of a 52-week range of ₹34 to ₹43. On relative strength it has no relative-strength read yet.

Today the stock is in a confirmed uptrend — week 5 of stage 2. At ₹34.3 it trades −5.9% versus its 200-day average and sits at 0% of its 52-week range (₹34–₹43).

Against the market, two honest reads. Cumulative: over the last 2 months the stock moved −20% while the NIFTY 500 moved −2% — behind the index over the full window. Recent form: no trailing-13-week read yet — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Vedanta Oil and Gas Ltd trades at 62.3× P/E, against too little history to rank. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 62.3× is against too little history to rank. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Vedanta Oil and Gas Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The return-on-capital curve is not shown — net worth is negative, so a return on capital is not a meaningful number in any basis. This is a distressed balance sheet, and the stage is read from the growth curves alone.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Vedanta Oil and Gas Ltd reported ₹2,507 Cr of revenue in the Jun 26 quarter, +8.5% year on year. Over 1 years it has compounded at 981.8% a year. The last full year, FY26, came in at ₹9,606 Cr.

FY26 revenue came in at ₹9,606 Cr (+981.8% on the year), capping 1 years at 981.8% compound. The latest quarter (Jun 26) printed ₹2,507 Cr, +8.5% year on year.

Pace check: the last four quarters averaged +8.5% growth against the decade's 981.8% — the current year is running slower than its own long-run rate.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Vedanta Oil and Gas Ltd's operating margin is 32.0% in the Jun 26 quarter, +10.0 percentage points against the same quarter a year ago.

The latest quarter's operating margin is 32.0%, +10.0 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged −10.0%–31.0%.

Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Vedanta Oil and Gas Ltd earned ₹945 Cr of net profit in the Jun 26 quarter. The full FY26 year was a loss of ₹493 Cr. That is 37.7% of the quarter's revenue.

Jun 26 profit was ₹945 Cr, null year on year. On the full year, FY26 printed ₹−493 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Vedanta Oil and Gas Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹−168 Cr of operating cash against ₹−493 Cr of profit. After ₹2,689 Cr of capital spending, ₹−2,857 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹−168 Cr against reported profit of ₹−493 Cr, leaving free cash of ₹−2,857 Cr after ₹2,689 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Vedanta Oil and Gas Ltd's cash conversion cycle runs 0 days in FY26, down from 37 days in FY25. Capital spending ran ₹2,689 Cr over the last 1 years. At FY26 sales of ₹9,606 Cr each day of that cycle holds about ₹26.3 Cr, so roughly ₹0.0 Cr sits inside the business at any moment.

FY26: debtors at 0 days, inventory at 0 days — roughly 0.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 0 days, tighter than FY25's 37.

In money terms: at FY26 sales of ₹9,606 Cr, each day of the cycle holds about ₹26.3 Cr — so the 0-day loop keeps roughly ₹0.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹2,689 Cr over the last 1 fiscal years against ₹3,043 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Returns on capital ROE is the profit the business earns on the money invested in it — the single best test of whether growth creates value or just size.

An annual ROE ladder is not held for Vedanta Oil and Gas Ltd.

We do not hold an annual ROE series for Vedanta Oil and Gas Ltd. Its filings carry the return lines we would need as blanks rather than numbers, so this page does not estimate one. The revenue, margin, cash-flow and ownership sections are the reads we stand behind.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Vedanta Oil and Gas Ltd's net worth is negative — it owes more than it owns — so a debt-to-equity ratio is not meaningful here. Operating profit covers the interest bill 5×. Over 1 years borrowings went from ₹552 Cr to ₹0.0 Cr. Capital spending ran ₹2,689 Cr across the last 1 of those years.

FY26: borrowings of ₹0.0 Cr against equity of ₹−474 Cr — net worth is NEGATIVE: the company owes more than it owns, so a debt-to-equity ratio is not meaningful (it just goes negative). This is a balance sheet under water. Operating profit covers the interest bill 5×. Over 1 years borrowings went from ₹552 Cr to ₹0.0 Cr while capital spending ran ₹2,689 Cr in just the last 1 — the build-out is being paid for out of cash, not debt.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Vedanta Oil and Gas Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Vedanta Oil and Gas Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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