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Vedanta Power Ltd (VEDPOWER)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544781 NSE: VEDPOWER Power Generation/Distribution | Small Cap | Vedanta Power Share Price

₹48.60 4.35 (9.83%)

As on 02-Jul'26 16:59

Vedanta Power Ltd (VEDPOWER)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544781 NSE: VEDPOWER Power Generation/Distribution | Small Cap | Vedanta Power Share Price

₹48.60 4.35 (9.83%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹19,004 Cr.
Current Price
₹48.6
52-Week Low / High
₹39 / 50
TTM EPS
₹-4.4
TTM Sales
₹5,486 Cr.
Book Value per Share
₹-2.3
P/E Ratio
0.00
Industry PE
29.7
Price to Book (P/B)
-21.63
Lower than its 5-year historical median
Price to Sales (P/S)
3.46
Higher than its 5-year historical median
EV/EBITDA
23.51
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-61.28%
Return on Capital Employed (ROCE)
-18.34%
Return on Assets (ROA)
-18.33%
Operating Profit Margin
19.7%
Net Profit Margin
-31.23%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.69%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
0.52%
Net Profit Growth (1 Year)
-
-5480.84%
Asset Quality
Promoter Holding
56.38%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-1,269 Cr.
Equity
₹391 Cr.
Face Value
₹1
All Time Low / High
₹38.95 / 47.20

Vedanta Power stock performance

Key Ratios
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10 Year X-Ray : Login to view analysis.

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 Power Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 1.7%7.5%7.4%9.9%6%5.6%6.1%14.3%6.3%-18.3%-
Value Creation
Index
-0.9-0.4-0.5-0.3-0.6-0.6-0.60.1-0.5-2.4-

Growth Parameters

Sales 3,5914,2025,2854,8173,8534,4065,8015,2935,2415,4865,486
Sales YoY Gr.-17%25.8%-8.8%-20%14.4%31.7%-8.8%-1%4.7%-
Adj EPS -1.2-0.2-0.12.2-0.2-0.3-0.20.20.1-0.3-4.4
YoY Gr.-NANANA-108.4%NANANA-26.7%-336.4%-
BVPS (₹) 8.48.1810.3109.69.411.311.46-2.3
Adj Net
Profit
-396-75.3-37.6690-57.7-102-57.949.335.2-83.3-1,713
Cash Flow from Ops. 27774.29271,7341,4526841,3881,121768556-
Debt/CF from Ops. 29116.69.34.3510.64.95.78.111.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.8%7.3%-1.8%4.7%
Adj EPS NANANA-336.4%
BVPS-3.6%-9.6%-13.8%-47%
Share Price - - - -

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-13.6-2.8-1.523.6-1.8-3.2-1.91.51-3-231.1
Op. Profit
Mgn %
30.72824.82828.823.718.820.320.519.7NAN
Net Profit
Mgn %
-11-1.8-0.714.3-1.5-2.3-10.90.7-1.5-31.2
Debt to
Equity
33.33.42.32.22.42.31.81.73.4-
Working Cap
Days
1051772012252492161691761911580
Cash Conv.
Cycle
527959395547496165710

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,5914,2025,2854,8173,8534,4065,8015,2935,2415,486
Operating Expenses + 2,5053,0513,9973,4932,7643,3904,7284,2234,1734,413
Manufacturing Costs2,4202,9493,9123,4122,6233,2564,5814,1054,0604,291
Material Costs0000000000
Employee Cost 32342623202326262424
Other Costs 53685957121111121938998
Operating Profit 1,0861,1521,2881,3251,0891,0161,0731,0701,0681,073
Operating Profit Margin (%) 30.2%27.4%24.4%27.5%28.3%23.1%18.5%20.2%20.4%19.6%
Other Income + 142140518616411
Exceptional Items 000820007940-2,322
Interest 587741836765733741712668619607
Depreciation 908328455459457455460456442445
Profit Before Tax -40887-1323-97-162-9375610-2,290
Tax 018154-408-24-40-23154-22-576
Profit After Tax -408-94-55730-73-122-7060232-1,713
PAT Margin (%) -11.4%-2.2%-1.0%15.2%-1.9%-2.8%-1.2%11.4%0.6%-31.2%
Adjusted EPS (₹)-1.3-0.3-0.22.3-0.2-0.4-0.21.90.1-5.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Vedanta Power - 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 + 2,7042,6112,5563,2863,2133,0913,0203,6233,6551,937
Share Capital 3,2073,2073,2073,2073,2073,2073,2073,2073,2073,207
Reserves -502-596-651796-116-186416448-1,269
Debt +6,7477,2027,6916,5574,9616,9306,1175,6815,6915,946
Long Term Debt5,0204,6765,8994,8694,9126,1725,4964,8724,3343,848
Short Term Debt1,7272,5261,7921,688497586218091,3572,098
Minority Interest0000000000
Trade Payables1373273923021211345138125206
Others Liabilities 2,6232,8962,7232,3343,7851,4341,859852690446
Total Liabilities 12,21113,03513,36212,47912,08111,58911,04810,19410,1618,536

Fixed Assets

Net Fixed Assets +10,60910,3429,9439,5479,1498,7748,3847,4927,1236,744
Gross Block11,76311,82311,87911,94312,00112,07512,13511,69511,76011,819
Accumulated Depreciation1,1541,4821,9362,3952,8533,3013,7514,2034,6375,075
CWIP 5897362310
Investments 144000000000
Inventories296253442533277162225292249312
Trade Receivables4091,440448463402582812547960992
Cash Equivalents 472326213546052402063446
Others Assets 6999692,2581,7941,7892,0151,5861,6531,795442
Total Assets 12,21113,03513,36212,47912,08111,58911,04810,19410,1618,536

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 277749271,7341,4526841,3881,121768556
PBT -40887-1323-97-162-9375610-2,290
Adjustment 1,5131,0571,3199691,2351,1841,1423291,0622,379
Changes in Working Capital -828-1070-390443313-32034019-300461
Tax Paid -0-0-1-10-18-117-45
Cash Flow From Investing Activity + -38939-12-10617-78-16-20-26-37
Capex -246-109-12-54-6-90-20-23-30-78
Net Investments -1441440-5819110038
Others 14064122343
Cash Flow From Financing Activity + 119-137-677-1,815-1,123-977-1,382-973-876-506
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1,520-254727-1,0341,305-652-401-560-748-439
Interest Paid -499-564-672-684-786-862-670-636-595-539
Dividend Paid 0000000000
Others -901681-732-98-1,642538-310224467472
Net Cash Flow 7-24239-187346-370-11128-13413

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-14.04-3.53-2.1125-2.25-3.86-2.318.130.88-61.28
ROCE (%)1.697.547.439.8765.586.1414.346.31-18.34
Asset Turnover Ratio0.30.330.40.370.310.370.510.50.510.59
PAT to CFO Conversion(x)N/AN/AN/A2.38N/AN/AN/A1.8624N/A
Working Capital Days
Receivable Days38.7080.3065.2034.504140.7043.8046.9052.5064.90
Inventory Days24.1023.902436.9038.4018.2012.2017.8018.9018.60
Payable Days0000000000

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 Power Ltd FAQs

The current trading price of Vedanta Power on 02-Jul-2026 16:59 is ₹48.60.

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 Power stood at ₹19,004.5 Cr

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

The latest P/B ratio of Vedanta Power as of 01-Jul-2026 is -21.63.

The 52-week high of Vedanta Power is ₹49.50 and the 52-week low is ₹38.95.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedanta Power is ₹5,486 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vedanta Power Ltd is a average quality company.

The key valuation ratios of Vedanta Power 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 Power Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vedanta Power Ltd

Vedanta Power Limited, part of the diversified Vedanta Resources Limited, is among India’s leading private power producers, delivering reliable and affordable power that lights homes, touches lives, and drives transformation across the nation. The company supplies power to discoms nationwide through long-term partnerships, while supporting emerging grid requirements. With a multi-state footprint and long-term offtake commitments, Vedanta Power is reinforcing grid stability as a cornerstone of India’s energy security.

The company has several plants located in different states. Through operational excellence, technological leadership, and strategic capacity expansion, Vedanta Power is reinforcing grid stability as a cornerstone of India’s energy security. Anchored in environmental stewardship, with 100% fly ash utilisation, and initiatives such as biomass cofiring, and zero freshwater use, alongside community progress, and a people-first culture, the company remains committed to delivering long-term stakeholder value while powering everyday life.

Business area of the company

The company is one of the largest private sector power generators in India.

Businesses

  • Talwandi Sabo Thermal Plant: Vedanta Power’s Talwandi Sabo Thermal Plant is a super-critical coal-based thermal power plant located at Banawala in Mansa district, Punjab. The asset supplies 100% of its generated power to Punjab State Power Corporation Limited (PSPCL), playing a critical role in supporting Punjab’s energy requirements through dependable, large-scale electricity generation.
  • Meenakshi Energy Limited: Vedanta Power’s Meenakshi Energy Limited is a coal-based thermal power plant located at Thamminapatnam in Tirupati district, Andhra Pradesh. Strategically positioned near Krishnapatnam Port, the plant supports dependable baseload electricity supply to utilities and industrial consumers across southern India. Supported by secured domestic coal linkages and proximity to port-based logistics, Meenakshi Energy Ltd., Andhra Pradesh operates with strong raw material sourcing flexibility and fuel security, enabling stable and reliable generation.
  • Sakti Thermal Plant: Vedanta Power’s Sakti Thermal Plant is a coal-based thermal power facility located at Sakti district, Chhattisgarh. The plant comprises two units and forms a key part of Vedanta Power’s expanding thermal generation portfolio. Positioned in one of India’s major coal-bearing regions, Sakti Thermal Plant benefits from strong domestic coal linkages and proximity to fuel sources, ensuring reliable raw material sourcing and long-term fuel security. 
  • Jharsuguda Thermal Plant: Vedanta Power’s Jharsuguda Thermal Plant is a coal-based thermal power facility located in Jharsuguda district, Odisha. The plant forms part of Vedanta Power’s diversified generation portfolio and contributes to reliable baseload electricity supply across eastern India. Strategically located in a coal-rich region, it benefits from strong domestic coal linkages and proximity to fuel sources, ensuring reliable raw material sourcing and long-term fuel security.

Awards

2023

  • Best Energy Efficient Unit (IPP > 500 MW) to TSPL by CEE National Energy Awards – 2023.

2024

  • India CSR Award for Gram Nirman Project by India CSR Network – 2024.
  • CSR Health Impact Award for Project SEHAT by IHW Council – 2024.

2025

  • Excellence in Women Empowerment for Project TARA at India CSR Awards – 2025.
  • Great Place to Work in India among Best Workplaces in the Energy, Oil & Gas Sector – 2025.
  • International Safety Award for outstanding safety performance to TSPL by British Safety Council – 2025.
  • Great Place to Work Certification in Mid-sized Organisations Category – 2025.
  • Top 50 Companies with Great Managers at The Great Manager Awards – 2024 & 2025.

2026

  • Biomass Co-firing Excellence Award to TSPL by Mission Energy Foundation – 2026.

Milestones/ Major events

  • 2006: Jharsuguda Independent Power Plant (IPP) initiated - MoU signed with the Government of Odisha
  • 2008: Talwandi Sabo Power Limited (TSPL)Incorporated - Power Purchase Agreement (PPA) signed with Punjab State Power Corporation Limited (PSPCL); ownership transferred to Vedanta
  • 2010: Jharsuguda IPP became operational - Power supply to Odisha state discom Grid Corporation of Odisha Limited (GRIDCO) commences
  • 2016: TSPL became Operational - All units begin power supply to Punjab discom PSPCL
  • 2022-23: Vedanta Independent Power Producer (IPP) Portfolio Expands - Vedanta acquires distressed assets Athena Power (now, Sakti Thermal Plant) & Meenakshi Energy
  • 2025: Rapid Turnaround - Vedanta operationalises full 1,000 MW in Meenakshi Energy & first 600 MW unit in Sakti Thermal Plant
  • 2026: New IPPs begin PPA-Backed Power Supply - Meenakshi Energy & Sakti Thermal Plant begin supply of 300 MW & 200 MW power to Tamil Nadu discom Tamil Nadu Power Distribution Corporation Limited (TNPDCL).
  • 2026: Demerger of Vedanta Power.
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