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Vedanta Power (VEDPOWER) is loss-making over the last 12 months, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹35.33, 29% below its 52-week high. Sales grew 16% a year over 3 years. Debt is 0.65× equity. It is a small-cap company with a market cap of ₹13,793 Cr, ranked 6th of 15 Utilities (Independent Power Producers) companies by market cap; the shares fell 14% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹36.30
Day high
₹36.30
Day low
₹34.90
Prev. close
₹36.45
Volume
2.3 Cr

Health check

6 to check
  • ReturnsBehind

    −13.7% over a year, better than 2 of 7 peers.

  • Price tagLoss-making

    Earnings were negative over the last 12 months.

  • GrowthUnder pressure

    Sales +15.7% a year over 3 years, but loss-making now.

  • ProfitabilityNegative

    ROCE -7.7% vs peer median 8.4%.

  • Balance sheetStretched

    Debt 0.65× equity, operating profit doesn’t cover interest, Piotroski 6 of 9.

  • Red flags3 to check

    Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Independent Power Producers

14 listed peers. Screen the industry

Small cap

₹13,793 Cr, #6 of 15 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹5,224 Cr · profit ₹32 Cr
Market cap
₹13,793 Cr
Small cap
P/E
n/a
Industry 21.6
Price to book
1.06
Peers 2.85
Dividend yield
0.00%
ROE
0.9%
Peers 10.0%
ROCE
−7.7%
Peers 8.4%
Debt to equity
0.65
Debt ₹8,540 Cr
EPS (TTM)
−₹1.09
Face value ₹10
OPM (TTM)
13.9%
Net margin 0.6%
Sales growth
+34.5%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
2.64
EV/EBITDA 20.1

Strengths and risks

Strengths

  • Quarterly sales up 34.5% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Loss-making over the last twelve months.
  • Return on equity is low at 0.9%.
  • Interest coverage of only 1.7×.

Derived automatically from reported figures. Not a recommendation.

About Vedanta Power

Vedanta Power Limited builds, owns, and operates a coal based thermal power plant in Punjab. Vedanta Power Limited was formerly known as Talwandi Sabo Power Limited and changed its name to Vedanta Power Limited in June 2026. The company was incorporated in 2007 and is based in Mumbai, India. Vedanta Power Limited operates independently of Vedanta Limited as of May 1, 2026. Vedanta Power Limited operates as a subsidiary of Vedanta Resources Limited.

Headquarters
Mumbai
Sector
Utilities
ISIN
INE694L01019

Price range

52 weeks

₹27.50₹49.88

Today

₹34.90₹36.30
Avg volume (3M)
2.9 Cr
1-year return
minus 13.7%
From 52-week high
minus 29.2%

Peers · Utilities - Independent Power Producers

Capital-heavy industry columns

Company
ADANIPOWERAdani Power204.29plus 0.14%3,93,96721.622.015.1%38.7%0.8012.5%plus 28.8%
ADANIENSOLAdani Energy Solutions1,457.40plus 0.74%1,78,23347.224.38.4%31.2%1.7027.7%plus 46.7%
TATAPOWERTata Power Co.352.50minus 3.31%1,12,63629.214.08.5%20.4%1.684.1%minus 9.0%
JSWENERGYJSW Energy524.95plus 0.31%96,22441.315.97.3%53.4%2.0723.5%minus 0.9%
TORNTPOWERTorrent Power1,271.10plus 0.45%64,05126.513.311.9%19.2%1.084.0%minus 3.0%
VEDPOWERVedanta Power35.33minus 3.07%13,793–19.0−7.7%13.9%0.6515.7%minus 13.7%
JPPOWERJaiprakash Power Ventures13.86minus 0.29%9,49925.28.86.7%29.3%0.23−1.3%minus 22.3%
RPOWERReliance Power18.43minus 1.44%7,622–9.64.5%30.7%0.920.8%minus 54.1%
Median of 7 peers–0.14%96,22427.814.08.4%30.7%1.084.1%−3.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Jun 26Sep 26
1,9812,0972,5952,820
––+31.0%+34.5%
1,5641,9072,3042,399
417190291421
21.0%9.1%11.2%14.9%
52911
151172196200
169210225130
–−2,067−487−23
102−2,257−60879
13.7%25.2%30.4%−5.1%
88−1,688−42383
0.23-4.32-1.080.21

Dec 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+15.7%
ROE
0.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5,7465,2676,0218,891
–minus 8.3%+14.3%+47.7%
4,6554,1935,5897,715
1,0911,0744321,176
19.0%20.4%7.2%13.2%
−41.2−20.91629
683635642707
460456442445
0.4795–−2,323
−93.2756−636−2,270
24.6%20.3%20.4%25.8%
−70.3602−506−1,685
-0.181.54-1.29-4.31

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,2073,207––
−186416––
6,7986,4298,6629,409
1,4902488311,220
11,30810,30023,12623,820
8,3867,49216,61817,584
1.63.17,3991,693
––6131
39.9206320839
2,8812,599−1,2723,673
11,30810,30023,12623,820

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,3881,121768556
−16.4−19.9−26−37.4
−1,382−973−876−506
−10.7128−13412.6
−19.6−22.9−30−78.5
1,3681,098738477

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 10.6% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you