Vedanta VEDL
After its 1 May 2026 demerger the parent keeps base metals - zinc and silver through Hindustan Zinc, plus copper (Silvassa refinery) - and bids actively for critical-mineral blocks
Mapped in 1 theme: Critical Minerals & Rare Earths.
Where Vedanta sits in the supply chain
Vedanta appears in 2 supply-chain layers in one theme, Critical Minerals & Rare Earths.
Critical Minerals & Rare Earths › Copper & base-metal smelting
OperatorOther companies in this layer
Critical Minerals & Rare Earths › Critical-mineral block auctions
Emerging entrantOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,32,732 | 1,47,308 | 1,43,727 | 62,717 | 78,437 |
| Net profit | 23,710 | 14,503 | 7,539 | 20,535 | 25,096 |
Latest-year revenue ₹78,437 Cr (FY26, company-wide).
Note: Base metals parent after the May 2026 demerger; critical-mineral block winner.
Strengths
- Won the Genjana nickel, chromium and PGE block (Dec 2025) and other blocks in earlier tranches - one of the most active private winners
- Controls Hindustan Zinc, the other big group winner in the auctions
Risks
- Its Thoothukudi copper smelter has stayed shut since 2018 (closure upheld by the Supreme Court in Feb 2024), so copper is a small refining business today
- Group debt and the demerger's moving parts make the critical-minerals piece hard to value
Common questions
What does Vedanta do?
After its 1 May 2026 demerger the parent keeps base metals - zinc and silver through Hindustan Zinc, plus copper (Silvassa refinery) - and bids actively for critical-mineral blocks.
Where does Vedanta sit in the supply chain?
Vedanta (NSE: VEDL) is mapped in 2 supply-chain layers: Copper & base-metal smelting (Critical Minerals & Rare Earths) and Critical-mineral block auctions (Critical Minerals & Rare Earths).
Who are Vedanta's peers?
In the Copper & base-metal smelting layer of Critical Minerals & Rare Earths: Hindalco Industries, Hindustan Copper and Adani Enterprises.
What is Vedanta's market cap and valuation?
As of 6 Nov 2026: market cap ₹1.02L Cr, P/E 7.8x, ROCE 16.1%, ROE 38.2%, dividend yield 13.00%.