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Vedanta Oil and Gas Ltd (VOGL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544782 NSE: VOGL Metal - Non Ferrous | Small Cap | Vedanta Oil & Gas Share Price

₹44.54 5.78 (14.91%)

As on 02-Jul'26 16:59

Vedanta Oil and Gas Ltd (VOGL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544782 NSE: VOGL Metal - Non Ferrous | Small Cap | Vedanta Oil & Gas Share Price

₹44.54 5.78 (14.91%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹17,417 Cr.
Current Price
₹44.5
52-Week Low / High
₹31 / 46
TTM EPS
₹0
TTM Sales
₹0 Cr.
Book Value per Share
₹-0.2
P/E Ratio
0.00
Industry PE
19.8
Price to Book (P/B)
-198.31
Lower than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
0.00
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
0.00%
Return on Assets (ROA)
0.00%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Steady versus 3-year growth rate
-100%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
56.38%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-479 Cr.
Equity
₹391 Cr.
Face Value
₹1
All Time Low / High
₹30.50 / 40.95

Vedanta Oil and Gas stock performance

Key Ratios
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vedanta Oil and Gas Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 0.5%-4.6%0.2%-66.9%17.9%5.7%-43.3%-12.9%-41.5%0%-
Value Creation
Index
-1.0-1.3-1.0-6.00.3-0.6-4.2NANANA-

Growth Parameters

Sales 16121.600021453864788800
Sales YoY Gr.--86.6%-100%NANANA151.1%20.2%37.3%-100%-
Adj EPS 5.4-9.9-2.6-3219.46.7-114.2-50.3-79.500
YoY Gr.--283.7%NANANA-65.4%-1799%NANANA-
BVPS (₹) 198.8196.9197.498.4117.8124.58.4-40.3-120-203.1-0.2
Adj Net
Profit
12.6-23.2-6.2-74.845.315.7-267-117-18600
Cash Flow from Ops. -21.982.132.1-1.35.4-32.7-298171-9.5-168-
Debt/CF from Ops. 00000-4.5-2.12.8-570-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%NA-100%-100%
Adj EPS -100%-100%NANA
BVPS-200.2%-211.5%-388.8%NA
Share Price - - - -

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
3.6-5-1.3-21.7185.6-171.8316.199.30-0
Op. Profit
Mgn %
10.7-92.700015-39.9-8.5-10.30NAN
Net Profit
Mgn %
7.8-107.30007.3-49.6-18.2-20.90NAN
Debt to
Equity
000000.531.4-5.2-1.90-
Working Cap
Days
5322,81400034227428617500
Cash Conv.
Cycle
4152,403000301101-3300

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales161220002145386478880
Operating Expenses + 144425491827537039830
Manufacturing Costs84272112869891110
Material Costs4000001316305558130
Employee Cost 8621161521210
Other Costs 129117183938380
Operating Profit 17-20-5-4-932-215-56-950
Operating Profit Margin (%) 10.7%-92.7%---15.0%-40.0%-8.7%-10.7%-
Other Income + 2310959452230
Exceptional Items 000-232000000
Interest 1000043451530
Depreciation 44444162332430
Profit Before Tax 14-211-2314516-267-117-1880
Tax 0000000000
Profit After Tax 14-211-2314516-267-117-1880
PAT Margin (%) 8.5%-98.3%---7.3%-49.6%-18.2%-21.2%-
Adjusted EPS (₹)5.9-9.10.3-99.019.46.7-114.0-50.3-80.60.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Vedanta Oil & Gas - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 46446046123027529120-94-280-474
Share Capital 5555555555
Reserves 46045545622527028615-99-285-479
Debt +000001476194875390
Long Term Debt0000000000
Short Term Debt000001476194875390
Minority Interest0000000000
Trade Payables241111633012684670
Others Liabilities 10460565556761131412021,053
Total Liabilities 5925215172863325761,053802928578

Fixed Assets

Net Fixed Assets +10710510197923063413503490
Gross Block1451481481471483774344765170
Accumulated Depreciation384247515571941251680
CWIP 3000046231150
Investments 232333375148210163700
Inventories252222584391832020
Trade Receivables206652315037628900
Cash Equivalents 00133483133930
Others Assets 2015172223371198161191578
Total Assets 5925215172863325761,053802928578

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -228232-15-33-298171-9-168
PBT 14-211-2314516-267-117-188-191
Adjustment 47-5228-541655619693
Changes in Working Capital -409637715-64-8522882-9
Tax Paid -000-5-1-0-1-11-61
Cash Flow From Investing Activity + -84-99-323-5-69-43-3520-8
Capex -3-1000-275-33-31-22-8
Net Investments 26-98-323147-7-6-20380
Others -10800-0-153213-41740
Cash Flow From Financing Activity + 10617000147318-1355692
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-00000-12-18-16-12
Dividend Paid 0000000000
Others 10717000147330-11772105
Net Cash Flow 0002046-23166-83

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)3.92-4.590.15-66.9317.945.55-171.9N/AN/AN/A
ROCE (%)0.45-4.590.15-66.9317.945.67-43.27N/AN/AN/A
Asset Turnover Ratio0.050.040000.470.660.71.030
PAT to CFO Conversion(x)-1.57N/A32N/A0.11-2.06N/AN/AN/AN/A
Working Capital Days
Receivable Days4492,295.1000063.6014.809.5024.100
Inventory Days44.50224.5000050.50168.30175.3078.900
Payable Days267.40000088.40105.40187.30165.100

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vedanta Oil and Gas Ltd FAQs

The current trading price of Vedanta Oil & Gas on 02-Jul-2026 16:59 is ₹44.54.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Vedanta Oil & Gas stood at ₹17,416.9 Cr

The latest P/E ratio of Vedanta Oil & Gas as of 01-Jul-2026 is 0.00.

The latest P/B ratio of Vedanta Oil & Gas as of 01-Jul-2026 is -198.31.

The 52-week high of Vedanta Oil & Gas is ₹45.65 and the 52-week low is ₹30.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedanta Oil & Gas is ₹0.00 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vedanta Oil and Gas Ltd is a below average quality company.

The key valuation ratios of Vedanta Oil and Gas Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vedanta Oil and Gas Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vedanta Oil and Gas Ltd

Vedanta Oil and Gas (VOGL) (formerly known as MALCO Energy) is India’s leading private sector oil and gas exploration and production company, unlocking the nation’s hydrocarbon potential to strengthen energy security. Operating under the brand ‘Cairn’, the company holds interests in several blocks across India. The company’s producing assets span key hydrocarbon basins in Rajasthan, Andhra Pradesh, Gujarat, and Assam, supported by technology-led exploration, advanced subsurface expertise, and world-class engineering capabilities. The company has a diverse portfolio of conventional and unconventional resources and a strong pipeline of projects. Over the years, the company has unlocked some frontier basins and made numerous discoveries, shaping India’s energy future. The company is committed to achieving Net Zero, advancing responsible energy development while creating sustainable value for the nation, communities, and shareholders.

Technologies of the company

  • 3D Seismic: 3D seismic is a powerful method of geophysics used for hydrocarbon exploration and field development. It provides detailed insights into subsurface structures, fault geometries, and potential hydrocarbon prospects.
  • Hydraulic Fracturing: Hydraulic Fracturing, or Fracking, is the process of creating a conducive path for hydrocarbons to flow from the reservoir to the wellbore in low-permeability reservoirs through the high-pressure injection of fracking fluid, primarily water containing sand or other proppants.
  • Enhanced Oil Recovery (Polymer Flooding): Enhanced Oil Recovery (EOR) through Polymer Flooding is an advanced technology deployed to boost oil recovery, especially in mature and declining oil reservoirs containing highly viscous crude. The addition of polymers to the water enhances oil displacement and significantly improves the recovery factor.
  • Artificial Lift: Artificial Lift provides the necessary energy to bring fluids to the surface, significantly enhancing well productivity. Globally, majority of oil and gas wells utilise artificial lift techniques.
  • Skin Effect Heat Management System: Skin Effect Heat Management System (SEHMS) technology is a proven electrical heating solution used for long-distance piping and pipelines. SEHMS generates heat on the inner surface of a carbon steel heat tube welded to the carrier pipe.
  • Enhanced Oil Recovery (ASP Flooding): Alkaline-Surfactant-Polymer (ASP) flooding is an advanced Enhanced Oil Recovery (EOR) technique, where alkali, surfactant, and polymer are injected into the reservoir to displace crude oil.

Business area of the company 

The company is engaged in oil and gas exploration and production.

Awards/ Recognitions 

2020

  • FIPI Oil & Gas Awards - Company of the Year for Excellence in Human Resource Management and Oil/Petroleum Products Pipeline Transportation
  • HR Association of India DE&I (Diversity, Equity & Inclusion) Award

2021

  • Golden Peacock Occupational Health & Safety Award
  • Economic Times Future Ready Organisation
  • Business World People HR Excellence Award for Best HR Strategy

2022

  • Silver - Kaleido Award for Regional Communication
  • British Safety Council International Safety Award
  • Economic Times Future Ready Organisation
  • Runner Up - People First HR Excellence Award for Impactful HR Strategy Champion and Leading Practices in Technology Deployment in HR

2023

  • CII Award for Best Practices in Waste Management (RJ-North)
  • Silver - Fulcrum Award for Public Relations Excellence
  • Gold - Sabre Asia-Pacific Award for Regional Communication
  • 21st Greentech Award 2023
  • Gold - RoSPA Award
  • Brandon Hall Excellence Award

2024

  • 18th Position - India's Top 20 Corporate Communication Teams
  • Gold - RoSPA Award for Occupational Health Safety
  • People First HR Excellence Awards for Leading Practices in Benefits Administration and Leading Practices in HR Transformation
  • Champion HR Excellence Awards for Leading Practices in Benefits Administration
  • Champion HR Excellence Awards for Leading Practices in HR Transformation
  • W.E. Global Employees’ Choice Award 2024 in Large Size Category
  • Second - DGMS Mines Safety Week Award for Large Oil Mine Category Across India
  • Best CSR in the District Level (The award recognises the work carried out by Cairn CSR in various sectors across the Viramgam region.)
  • 28th State-level Bhamashah Awards for Best Education at the State Level
  • Second - Jhanki Representation of 'Dharohar' for Best CSR Social Initiative
  • Gold - 35th Annual Convention of Quality Circle of India, Vadodara Chapter (VCCQC-2024) - Drone-based UT Measurement of Storage Tanks at RGT and RDG Flare Gas Reduction
  • Top 10 Best Companies for Women in India by Avtar & Seramount
  • The Great Manager Awards by People Business
  • Ravva - First Among Oil and Gas Companies in India to Achieve Accreditation in Accordance with ISO/IEC 17025:2017 Standards in the Field of Testing
  • 8 Awards at 38th DGMS Mines Safety Week - Welfare Amenities, Protective Equipment, Safety Equipment, Firefighting Equipment Operation, Emergency Response Planning, and Waste Management
  • Excellence Award - 37th National Convention on Quality Concepts (NCQC) 2023 for Feed Booster Compressor Reliability Improvement through IIoT Sensor Installation and Installation of Ejector to Reduce Flare Gas and Enhance RGT Gas Sales
  • First Position - Overall Performance in Oil & Gas Mines at the 37th Directorate General of Mines Safety (DGMS) Mines Safety Week
  • Brandon Hall Excellence Award

2025

  • Top 10 Best Companies for Women in India by Avtar & Seramount
  • 5 Awards – 3 Gold, 1 Silver and 1 Broze for the industry leading Learning & Development programmes

2026

  • Indian Television PRCA Award: PR and Communication Aces 2025
  • TITAN Business Awards 2026 - Gold Award – Outstanding Learning & Development Strategy
  • TITAN Business Awards 2026 - Silver Award – Outstanding Leadership Development Program

Milestones/ Major events

  • 1994: PSC signed between Government of India (Gol) and consortium of ONGC, Videocon Petroleum Limited, Ravva Oil and Command Petroleum.
  • 1998: PSC signed between GoI and CB/OS-2 Joint Venture (JV) comprising Cairn Energy India Pvt Ltd, ONGC and Tata Petrodyne Limited
  • 2000: First success Lakshmi Field, Cambay Basin (CB/OS-2) – gas discoveries in Babaguru and oil in Tarkeshwar levels
  • 2004: Struck gold with Mangala in Rajasthan-touted to be the biggest global onshore discovery of the year and the largest for India in 25 years
  • 2007: Commenced construction of 670-km long Mangala pipeline-the world's longest continuously heated and insulated pipeline-to transport crude from fields in Rajasthan to refineries in Gujarat
  • 2008: Began construction of Mangala Processing Terminal (MPT)
  • 2009: Production of first oil from Mangala - inaugurated by Prime Minster Dr Manmohan Singh
  • 2010: CB/OS-2 – crossed 10 million barrels of crude oil production
  • 2011: Vedanta Resource acquired a 58.5% stake in Cairn India
  • 2011: Saraswati Field commenced production
  • 2012: 150,000 boepd (barrels of oil equivalent per day)
  • 2012: Bhagyam field and marginal oilfield Raageshwari commenced production
  • 2013: First gat sale from Rajasthan – fastest growing energy company in the world for two consecutive years – 2012 & 2013 as per Platts 250 rankings.
  • 2014: Completed six years of operations in Rajasthan.
  • 2014: 20 years of operations in India 
  • 2014: 200 million barrels of production from Rajasthan
  • 2015: Cumulative oil production crossed 300 million barrels
  • 2015: 38 discoveries in Rajasthan increased HIIP (Hydrocarbons initially-in-place) by around 1.4 billion boe
  • 2016: Executed Mangala EOR (Enhanced Oil Recovery) world’s largest polymer flood
  • 2017: 15th anniversary of CB/OS-2 – transformed from gas field to oil field 
  • 2018: Awarded 41 new exploration blocks in Open Acreage Licensing Policy (OALP) bidding round 1; additionally, more than a million lives touched through CSR interventions across assets.
  • 2019: OALP II & III success – won 10 priority blocks, taking the total to 51 blocks crossed cumulative oil production of 500 million barrels
  • 2019: completed 10 years since first oil through Mangala pipeline and discovery of oil from offshore KG Basin
  • 2020: Raageshwari Deep Gas development accomplished 10 years of safe operations
  • 2021: Began production of tight oil from NA #01 facility in Aishwarya Barmer Hill
  • 2021: Completed 8 years of production from Aishwariya field
  • 2022: Durga oil discovery in the RJ-ONHP-2017/1 block located in Bermer basin
  • 2022: Won 8 DSF blocke and 1 CBM block
  • 2023: Commencement of gas flow from Hazarigaon field in North-Esat India
  • 2024: 1st FDP submission in OALP to commence gas production from Jaya
  • 2024: India's largest commercial ASP injection in Mangala
  • 2024: Fist Indian Company to Join UNEP'S OGMP 2.0 for Methane Management
  • 2025: India's first one-of-a-kind 3D CSEM Survey in East Coast
  • 2025: India's first SST installation in West Coast
  • 2025: Rudra 1 - Firat Oil Discovery from Naginijan-W well in North East
  • 2025: Awarded 7 new blocks in OALP IX
  • 2026: Gas discovery in Ambe block, West Coast
  • 2026: Name of the company changed from MALCO Energy Limited to Vedanta Oil and Gas Limited
  • 2026: Independed, pure play oil & gas operator as Vedanta Oil and Gas Limited.

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