The Discounted Cash Flow (DCF) valuation of Vedanta Ltd (VEDL.NS) is 506.20 INR. With the latest stock price at 442.75 INR, the upside of Vedanta Ltd based on DCF is 14.3%.

Is VEDL.NS a buy or a sell?

Based on the latest price of 442.75 INR and our DCF valuation, Vedanta Ltd (VEDL.NS) is a buy. Buying VEDL.NS stocks now will result in a potential gain of 14.3%.

	Range	Selected
WACC / Discount Rate	13.5% - 17.1%	15.3%
Long-term Growth Rate	2.0% - 4.0%	3.0%
Fair Price	399.51 - 674.7	506.20
Upside	-9.8% - 52.4%	14.3%

442.75 INR

Stock Price

506.20 INR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

VEDL.NS DCF Valuation: Revenue & Expenses Forecast

(INR in millions)		Projections

	03-2025	03-2026	03-2027	03-2028	03-2029	03-2030

Revenue	1,529,680	1,627,687	1,763,089	1,878,451	2,005,227	2,128,164
% Growth	6%	6%	8%	7%	7%	6%

Cost of goods sold	(490,220)	(521,628)	(565,021)	(601,992)	(642,620)	(682,018)
% of Revenue	32%	32%	32%	32%	32%	32%

Selling, G&A expenses	(261,020)	(277,744)	(300,848)	(320,533)	(342,166)	(363,144)
% of Revenue	17%	17%	17%	17%	17%	17%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(509,670)	(542,325)	(587,439)	(625,876)	(668,116)	(709,077)
% of Revenue	33%	33%	33%	33%	33%	33%

Tax expense	(56,100)	(80,295)	(86,974)	(92,665)	(98,919)	(104,984)
Tax rate	21%	28%	28%	28%	28%	28%

Net profit	212,670	205,695	222,806	237,385	253,406	268,942
% Margin	14%	13%	13%	13%	13%	13%