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Vedanta Aluminium Metal

VAML NSE
₹376.85 No trade today
P/E
0.00
View as Markdown
MCP
Close 4 Nov 2026 ₹376.85 −119.05 −24.0% since 15 Jun 2026
Start ₹495.90

Key Fundamentals

LargecapNon - Ferrous MetalsMetals & Mining

Price-based figures as of · TTM

ROCE
—
Debt to Equity
Not meaningful: shareholders’ equity is negative
EPS (TTM)
₹3,45,838.40
Book Value
—
Market Cap
—
P/E (TTM)
0.00
P/B
Not meaningful: book value is negative
ROE
Not meaningful: shareholders’ equity is negative
Dividend Yield
2.22%
EBITDA
₹0.00
52W High
₹537.00
52W Low
₹334.00
Volume
0

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish496
OscillatorsNeutral252
Moving AveragesBullish244

Key readings

RSI (14)
50.36
Neutral
MACD (12,26,9)
−12.10
Bullish
SMA (50)
402.96
Bearish
SMA (200)
—
Neutral

As of

Analyst Rating

Based on 13 analysts
BUY92%

12 of 13 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
12
92%
HOLD
0
0%
SELL
1
8%

Growth Rate

From the financial statements below. 1Y: fiscal year to Mar 2026 against Mar 2025.

Operating cash flow

Operating cash flow growth by window
1YOutflow narrowed by ₹0.02 Cr

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹9,570 Cr −2.7% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

Vedanta Aluminium Metal Ltd trades at ₹360.10 as of 2026-11-02 with a market cap of ₹139,855 crore. The company exhibits a strong return profile with ROE of 49.39% and ROCE of 40.62%, while trading at a price-to-book ratio of 6.11 and offering a dividend yield of 2.24%. The stock sits closer to its 52-week low of ₹334 than its 52-week high of ₹537.

Bull Case 7
  • ROE of 49.39% is exceptionally high for a metals and mining company, indicating very efficient use of shareholder equity to generate profits
  • ROCE of 40.62% suggests the company generates strong returns on total capital employed, well above typical cost of capital in the sector
  • Dividend yield of 2.24% provides a meaningful income component for shareholders, which is notable in the metals space where payouts can be inconsistent
  • The stock is trading at ₹360.10, only about 7.8% above its 52-week low of ₹334, which may represent a compressed valuation entry zone relative to recent trading history
  • A market cap of ₹139,855 crore positions VAML as a large-cap metals producer, offering institutional-grade liquidity and scale advantages in aluminium production
  • The spread between ROE (49.39%) and ROCE (40.62%) is relatively narrow at roughly 9 percentage points, suggesting the company is not excessively reliant on leverage to boost equity returns
  • India's aluminium sector benefits from rising domestic demand driven by infrastructure spending, power transmission, and automotive lightweighting trends, which supports volumes for a large domestic producer
Bear Case 8
  • The stock has fallen approximately 32.9% from its 52-week high of ₹537 to ₹360.10, reflecting significant negative momentum or deteriorating market sentiment
  • A price-to-book ratio of 6.11 is elevated for a metals and mining company, where asset-heavy businesses typically trade at lower multiples, raising questions about valuation sustainability
  • Aluminium is a globally traded commodity subject to international price cycles, trade tariffs, and Chinese supply dynamics, exposing earnings to factors outside management control
  • The metals and mining sector is inherently cyclical — high current ROE of 49.39% and ROCE of 40.62% may reflect a cyclical peak rather than a sustainable baseline
  • Aluminium smelting is extremely energy-intensive, and any increase in power or coal costs in India could compress margins significantly from current levels
  • Environmental and regulatory risks are rising for metals producers globally, with potential carbon border adjustments and stricter emission norms that could increase compliance costs
  • A P/B of 6.11 combined with a trailing EPS of ₹345,838.40 results in a reported trailing PE of effectively zero, which suggests potential data anomalies or a corporate restructuring that makes historical earnings an unreliable guide to future valuation
  • Commodity producers face persistent currency risk — a strengthening rupee against the US dollar can reduce realised revenue on export volumes without a corresponding decline in domestic input costs

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago

TL;DR: Limited recent news flow for Vedanta Aluminium Metal. The only notable development is a sizable block trade of ~₹20 crore on BSE, which by itself does not signal a clear directional bias. With no confirmed headwinds or positives in the current cycle, the near-term outlook hinges on upcoming aluminium price trends and any corporate announcements.

Quarterly Results

₹ Cr
VAML quarterly results, ₹ crore
Particulars Jun 2025Mar 2026Jun 2026
Sales
14,654
19,124
21,393
Expenses
10,268
10,772
11,094
Operating Profit
4,386
8,352
10,299
OPM %
30%
44%
48%
Other Income
208
47
309
Interest
1,000
922
1,001
Depreciation
701
751
775
PBT
2,893
6,726
8,832
Tax %
25%
26%
25%
Net Profit
2,162
4,958
6,597
EPS (₹)
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
14.39

Profit & Loss

₹ Cr
VAML profit and loss, annual, ₹ crore
Particulars Mar 2026
Sales
66,891
Expenses
41,728
Operating Profit
25,163
OPM %
38%
Other Income
693
Interest
3,905
Depreciation
2,890
PBT
19,061
Tax %
26%
Net Profit
14,153
EPS (₹)
11,81,900
Div. Payout %
0%

Balance Sheet

₹ Cr
VAML balance sheet, annual, ₹ crore
Particulars Mar 2025Mar 2026
Equity Capital
0.01
0.01
Reserves
−0.05
−0.08
Borrowings
0.04
0.06
Other Liabilities
0.01
0.03
Total Liabilities
0.01
0.02
Fixed Assets
0
0
CWIP
0
0
Investments
0
0
Other Assets
0.01
0.02
Total Assets
0.01
0.02

Cash Flow

₹ Cr
VAML cash flow, annual, ₹ crore
Particulars Mar 2025Mar 2026
Operating
−0.04
−0.02
Investing
0
0
Financing
0.04
0.02
Net Cash Flow
0
0
Free Cash Flow
−0.04
−0.02
CFO/OP
200
67

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Vedanta Aluminium Metal insights

31 extracted metrics across FY25–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.38%
  • DIIs 15.34%
  • Public 12.00%
  • FIIs 11.04%
  • Others 5.16%
  • Government 0.07%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Vedanta Aluminium Metal

What does Vedanta Aluminium Metal Ltd do?
⁠Vedanta Aluminium Metal Limited was incorporated on 06.10.2023 for the demerger of Vedanta Ltd.’s aluminium undertaking. It is a part of Vedanta group and is the primary aluminium undertaking of the group.
Where is Vedanta Aluminium Metal Ltd (VAML) listed?
Vedanta Aluminium Metal Ltd trades as VAML on the NSE and under code 544780 on the BSE.
Which sector does Vedanta Aluminium Metal Ltd belong to?
Vedanta Aluminium Metal Ltd is classified under the Metals & Mining sector, in the Aluminium industry.
What is the PE ratio of Vedanta Aluminium Metal Ltd?
Vedanta Aluminium Metal Ltd trades at a PE ratio of 0.00 as of 4 Nov 2026, on earnings per share of ₹3,45,838.4.
What is the 52-week high and low of Vedanta Aluminium Metal Ltd?
Over the last 52 weeks Vedanta Aluminium Metal Ltd has traded between ₹334 and ₹537 as of 4 Nov 2026.
Does Vedanta Aluminium Metal Ltd pay dividends?
Vedanta Aluminium Metal Ltd has a dividend yield of 2.22%.

Company Information

⁠Vedanta Aluminium Metal Limited was incorporated on 06.10.2023 for the demerger of Vedanta Ltd.’s aluminium undertaking. It is a part of Vedanta group and is the primary aluminium undertaking of the group.

Listed 15 Jun 2026
Face Value ₹1

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