Vedanta Aluminium Metal
Vedanta Aluminium Metal
Metals & MiningKey Fundamentals
LargecapAluminiumMetals & MiningTapetide Score
Data-driven rating, 0–100. How it works →
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2h agoVedanta Aluminium Metal Ltd (VAML), demerged from Vedanta Ltd effective May 2026, is India's largest primary aluminium producer with record Q1 FY27 revenue of ₹21,393 crore (+46% YoY) and PAT of ₹6,597 crore (+205% YoY). The stock trades at a P/E of ~12.1x on a market cap of ~₹1,64,315 crore, with a P/B of ~437x reflecting a thin equity base inherited from the demerger structure, while net debt-to-EBITDA has improved to 0.9x.
- Record Q1 FY27 revenue of ₹21,393 crore, up 46% YoY, driven by higher aluminium volumes and improved realizations
- PAT surged 205% YoY to ₹6,597 crore in Q1 FY27, with net profit margin expanding from ~15% to ~31% year-on-year
- EBITDA hit an all-time high of ₹10,499 crore in Q1 FY27 (+134% YoY), with EBITDA margin reaching a record ~50%, up from ~26% in Q1 FY26
- Record aluminium production of 620 kt in 9M FY26 (+1% YoY) with ongoing ramp-up including India's largest 525 kA smelter at BALCO, supporting future volume growth
- Net debt-to-EBITDA improved to 0.9x from 1.3x in the prior quarter, and credit rating upgraded to AA+ (Stable) by both CRISIL and ICRA
- P/E of ~12.1x is relatively undemanding for a commodity company delivering 50% EBITDA margins and 200%+ profit growth
- Dividend yield of ~1.83% provides some income return, with ₹8/share interim dividend declared in Q1 FY27
- P/B ratio of ~437x signals an extremely thin equity base relative to ₹41,860 crore of total debt inherited from the demerger, raising leverage concerns
- Total debt of ~₹41,860 crore is substantial; while net debt-to-EBITDA is 0.9x at current peak earnings, any downturn in aluminium prices would sharply worsen this ratio
- Aluminium is a highly cyclical commodity — current record margins of ~50% are at or near cycle peaks; LME aluminium price declines would compress earnings rapidly
- VAML is a newly demerged entity (effective May 2026) with no independent operating track record, limited historical financial comparability, and evolving corporate governance structures
- Concentrated single-commodity exposure to aluminium with limited product diversification compared to the former integrated Vedanta Ltd structure
- Vedanta group's complex corporate structure and history of related-party transactions and inter-company fund flows remain a governance overhang for minority shareholders
- ROE and ROCE data are not yet meaningfully available given the demerger-distorted equity base, making it difficult to assess true capital efficiency
- Energy costs (coal, power) form a major input cost; any spike in domestic coal prices or disruption in captive power could erode margins from current peak levels
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago- ESOP and RPT approval sought Aug 31
Vedanta Aluminium Metal issued a postal ballot seeking shareholder approval for its 2026 ESOP and ESPP plans, along with material related party transactions with group entities.
- Investor meet scheduled Sep 1 Aug 27
VAML will host an investor conference on September 1, 2026, in Mumbai as part of the Ashwamedh - Elara India Dialogue 2026.
TL;DR: Recent newsflow for Vedanta Aluminium Metal is limited and procedural in nature, with no material positives or headwinds emerging. The company is seeking standard shareholder approvals for employee stock plans and related party transactions, while engaging investors at an upcoming conference. No operational or financial catalysts are visible in the current cycle. The Sep 1 investor meet could provide forward guidance worth monitoring.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 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 in Rs | 1,78,100 | 4,20,700 | 14.39 |
Profit & Loss
| 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 in Rs | 11,81,900 |
| Div. Payout % | 0% |
Balance Sheet
| Particulars | Mar 2025 | Mar 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
| Particulars | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Vedanta Aluminium Metal insights
30 extracted metrics + investor summaries across FY25–FY27.
Documents
Frequently Asked Questions about Vedanta Aluminium Metal
What does Vedanta Aluminium Metal Ltd do?
Where is Vedanta Aluminium Metal Ltd (VAML) listed?
Which sector does Vedanta Aluminium Metal Ltd belong to?
What is the market capitalisation of Vedanta Aluminium Metal Ltd?
What is the PE ratio of Vedanta Aluminium Metal Ltd?
What is the 52-week high and low of Vedanta Aluminium Metal Ltd?
Does Vedanta Aluminium Metal Ltd pay dividends?
What is the Return on Equity (ROE) of Vedanta Aluminium Metal Ltd?
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.
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/VAML.md for Vedanta Aluminium Metal Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.