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Vedanta Oil and Gas (VOGL) had a P/E of 18.0× on 6 Nov 2026, above the industry P/E of 11.5×, and the shares are 35% below their 52-week high. It earns ROCE of 4.1% and ROE of 0.4%, and sales grew 162% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. Debt is 0.15× equity. It is a small-cap company with a market cap of ₹12,001 Cr, ranked 4th of 22 Other Industrial Metals & Mining companies by market cap; the shares fell 15% 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
₹31.13
Day high
₹31.25
Day low
₹30.21
Prev. close
₹31.45
Volume
1.3 Cr

Health check

1 good · 2 fair · 2 to check
  • ReturnsIn line

    −14.8% over a year, better than 4 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthStrong

    Sales +161.8% a year over 3 years.

  • ProfitabilityWeak

    ROCE 4.1% vs peer median 27.9%.

  • Balance sheetFair

    Debt 0.15× equity, interest covered 1.5×, Piotroski 4 of 9.

  • Red flags5 to check

    Return on equity is low at 0.4%.

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

Other Industrial Metals & Mining

21 listed peers. Screen the industry

Small cap

₹12,001 Cr, #4 of 22 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹360 Cr · profit ₹614 Cr
Market cap
₹12,001 Cr
Small cap
P/E
18.0
Industry 11.5
Price to book
0.65
Peers 5.18
Dividend yield
0.00%
ROE
0.4%
Peers 28.4%
ROCE
4.1%
Peers 27.9%
Debt to equity
0.15
Debt ₹2,787 Cr
EPS (TTM)
₹1.71
Face value ₹1
OPM (TTM)
7.3%
Net margin 470.4%
Sales growth
+6.7%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
33.34
EV/EBITDA 31.1

Strengths and risks

Risks to check

  • Return on equity is low at 0.4%.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • P/E of 18.0 against an industry P/E of 11.5.
  • 35% below its 52-week high.
  • Interest coverage of only −0.2×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Vedanta Oil and Gas

Vedanta Oil and Gas Limited engages in the exploration and production of oil and gas. It holds interests in 44 blocks covering an area of approximately 47,000 square kilometers in India. The company was formerly known as MALCO Energy Limited and changed its name to Vedanta Oil and Gas Limited in June 2026. The company was incorporated in 2001 and is based in Gurugram, India. Vedanta Oil and Gas Limited operates as a subsidiary of Vedanta Resources Limited.

Headquarters
Gurugram
Sector
Basic Materials
ISIN
INE704J01044
Website
vedantaoilandgas.com

Price range

52 weeks

₹26.41₹47.60

Today

₹30.21₹31.25
Avg volume (3M)
3.7 Cr
1-year return
minus 14.8%
From 52-week high
minus 35.4%

Peers · Other Industrial Metals & Mining

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HINDZINCHindustan Zinc568.10minus 0.46%2,40,04011.510.662.0%53.4%0.225.6%plus 20.6%
VEDLVedanta261.75minus 0.78%1,02,2089.24.021.3%28.7%1.34−19.2%minus 48.1%
CMPDICentral Mine Planning & Design Institute177.28minus 3.82%12,65318.814.434.6%34.2%0.0018.7%plus 15.1%
VOGLVedanta Oil and Gas30.74minus 2.26%12,00118.0–4.1%7.3%0.15161.8%minus 14.8%
JAINRECJain Resource Recycling286.50plus 2.23%9,88727.819.435.5%4.5%0.8245.4%minus 25.7%
IMFAIndian Metals & Ferro Alloys1,106.50minus 2.22%5,97010.410.218.5%23.8%0.351.9%minus 8.0%
MOILMOIL215.71minus 1.41%4,38914.98.7–20.0%–3.2%minus 39.9%
ASHAPURMINAshapura Minechem416.30minus 3.90%3,9779.89.120.1%7.6%0.8842.4%minus 34.9%
Median of 7 peers–−1.41%9,88711.510.227.9%23.8%0.595.6%−25.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Jun 26Sep 26
2,3032,3302,5072,486
––+8.9%+6.7%
2,4622,2482,4341,782
−1598273704
−6.9%3.5%2.9%28.3%
320202151140
16717111069
––−441–
−6113−327775
−150.0%107.1%53.5%3.7%
−103−91945746
-0.26-0.232.421.91

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

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+161.8%
ROE
0.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
53461611,0439,582
–+15.4%+1693.4%minus 13.2%
7496719,4019,714
−215−551,642−132
−40.3%−8.9%14.9%−1.4%
2.218.21,2051,128
31.7481,464613
22.831.843.145.4
0.4−0.8913−26
−267−1172,253312
––13.9%82.7%
−267−1171,94054
-0.68-0.304.970.14

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
4.74.7––
15−98.7––
4783719,8155,927
55652515,50913,305
1,05380234,12235,738
36436514,62515,183
23.614.85,1105,834
––1,6822,559
75.37510,71612,335
5903471,989−173
1,05380234,12235,738

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−298171−9.5−168
−43.3−34.919.6−8
318−13556.192.5
−23.41.266.2−83.1
−33.2−32.3−22.4−8.3
−331139−31.8−176

Shareholding pattern

Source: NSE filings
56.4%
promoters
  • Promoters56.38%
  • Public43.46%
  • Employee trusts0.16%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202656.38%43.46%0.00
30 Jun 202656.38%43.46%0.00
12 Jun 202656.38%43.46%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you