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.
- ₹36.30
- ₹36.30
- ₹34.90
- ₹36.45
- 2.3 Cr
Health 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.
Small cap
Market sensitivity
Key metrics
- 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×.
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
- Website
- vedantapower.com
Price range
- Avg volume (3M)
- 2.9 Cr
- 1-year return
- minus 13.7%
- From 52-week high
- minus 29.2%
Peers · Utilities - Independent Power Producers
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWERAdani Power | 204.29 | plus 0.14% | 3,93,967 | 21.6 | 22.0 | 15.1% | 38.7% | 0.80 | 12.5% | plus 28.8% |
| ADANIENSOLAdani Energy Solutions | 1,457.40 | plus 0.74% | 1,78,233 | 47.2 | 24.3 | 8.4% | 31.2% | 1.70 | 27.7% | plus 46.7% |
| TATAPOWERTata Power Co. | 352.50 | minus 3.31% | 1,12,636 | 29.2 | 14.0 | 8.5% | 20.4% | 1.68 | 4.1% | minus 9.0% |
| JSWENERGYJSW Energy | 524.95 | plus 0.31% | 96,224 | 41.3 | 15.9 | 7.3% | 53.4% | 2.07 | 23.5% | minus 0.9% |
| TORNTPOWERTorrent Power | 1,271.10 | plus 0.45% | 64,051 | 26.5 | 13.3 | 11.9% | 19.2% | 1.08 | 4.0% | minus 3.0% |
| VEDPOWERVedanta Power | 35.33 | minus 3.07% | 13,793 | – | 19.0 | −7.7% | 13.9% | 0.65 | 15.7% | minus 13.7% |
| JPPOWERJaiprakash Power Ventures | 13.86 | minus 0.29% | 9,499 | 25.2 | 8.8 | 6.7% | 29.3% | 0.23 | −1.3% | minus 22.3% |
| RPOWERReliance Power | 18.43 | minus 1.44% | 7,622 | – | 9.6 | 4.5% | 30.7% | 0.92 | 0.8% | minus 54.1% |
| Median of 7 peers | – | 0.14% | 96,224 | 27.8 | 14.0 | 8.4% | 30.7% | 1.08 | 4.1% | −3.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 | Sep 26 |
|---|---|---|---|---|
| 1,981 | 2,097 | 2,595 | 2,820 | |
| – | – | +31.0% | +34.5% | |
| 1,564 | 1,907 | 2,304 | 2,399 | |
| 417 | 190 | 291 | 421 | |
| 21.0% | 9.1% | 11.2% | 14.9% | |
| 5 | 2 | 9 | 11 | |
| 151 | 172 | 196 | 200 | |
| 169 | 210 | 225 | 130 | |
| – | −2,067 | −487 | −23 | |
| 102 | −2,257 | −608 | 79 | |
| 13.7% | 25.2% | 30.4% | −5.1% | |
| 88 | −1,688 | −423 | 83 | |
| 0.23 | -4.32 | -1.08 | 0.21 |
Profit & loss
- Sales CAGR 3Y
- +15.7%
- ROE
- 0.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5,746 | 5,267 | 6,021 | 8,891 | |
| – | minus 8.3% | +14.3% | +47.7% | |
| 4,655 | 4,193 | 5,589 | 7,715 | |
| 1,091 | 1,074 | 432 | 1,176 | |
| 19.0% | 20.4% | 7.2% | 13.2% | |
| −41.2 | −20.9 | 16 | 29 | |
| 683 | 635 | 642 | 707 | |
| 460 | 456 | 442 | 445 | |
| 0.4 | 795 | – | −2,323 | |
| −93.2 | 756 | −636 | −2,270 | |
| 24.6% | 20.3% | 20.4% | 25.8% | |
| −70.3 | 602 | −506 | −1,685 | |
| -0.18 | 1.54 | -1.29 | -4.31 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,207 | 3,207 | – | – | |
| −186 | 416 | – | – | |
| 6,798 | 6,429 | 8,662 | 9,409 | |
| 1,490 | 248 | 831 | 1,220 | |
| 11,308 | 10,300 | 23,126 | 23,820 | |
| 8,386 | 7,492 | 16,618 | 17,584 | |
| 1.6 | 3.1 | 7,399 | 1,693 | |
| – | – | 61 | 31 | |
| 39.9 | 206 | 320 | 839 | |
| 2,881 | 2,599 | −1,272 | 3,673 | |
| 11,308 | 10,300 | 23,126 | 23,820 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,388 | 1,121 | 768 | 556 | |
| −16.4 | −19.9 | −26 | −37.4 | |
| −1,382 | −973 | −876 | −506 | |
| −10.7 | 128 | −134 | 12.6 | |
| −19.6 | −22.9 | −30 | −78.5 | |
| 1,368 | 1,098 | 738 | 477 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 10.6% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.