Vedanta Limited is a diversified natural resources company spanning zinc, aluminium, copper, oil and gas, iron and steel, and power. It generates the bulk of its earnings from cost-advantaged metal production: Zinc India achieved a 56% EBITDA margin in FY26 with a five-year low cost of $959 per ton, while Aluminium posted a 38% margin on a $1,752 per ton hot metal cost, also a five-year low. The group's FY26 consolidated EBITDA margin was 32% on revenue of INR 1.74 lakh crore. The business sits at the low end of global cost curves in both zinc and aluminium, and its scale is substantial, with aluminium production near 3 million tons annually and zinc at roughly 1.3 million tons. The competitive structure is dominated by a handful of global players in each metal, and Vedanta's cost position, not its market share, is what makes the economics durable. The de-merger into five independent pure-plays, effective May 1, 2026, with listing by mid-June 2026, re-frames each business as a standalone entity with its own capital structure and growth mandate.
companyname: Vedanta Limited ticker: VEDL sector: Natural Resources / Metals & Mining Vedanta Limited is a diversified natural resources conglomerate, a subsidiary of Vedanta Resources Limited. It operates across zinc-lead-silver, aluminium, oil and gas, power, iron ore, steel, copper, and ferrochrome, with assets in India, South Africa, Namibia, and the Middle East. As of the FY26 annual report, Vedanta described itself as "India's largest diversified natural resources company" and "among the ...
Read the full report →capex, margin expansion, debt reduction
Record EBITDA >$6 billion in FY26 at Vedanta India consol level
Guidance upgradedmixed
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