Vedanta Aluminium Metal share price
NSE: VAMLBSE: 544780Non - Ferrous MetalsLarge Cap
Vedanta Aluminium Metal Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jun 2026
Last close ₹354.10up ₹3.90 (1.11%)BSE ₹354.55
Share price at the NSE close on 27 Oct 2026. Previous close ₹350.20.
27 Oct: open ₹351.00, high ₹357.10, low ₹350.85
Range of traded prices from listing on 15 Jun 2026 to 27 Oct 2026
₹334.00Low, 26 Oct 2026₹537.00High, 15 Jun 2026
- Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,38,467 Cr47th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- No full year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.26%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 27,74,69746.5% delivered
About Vedanta Aluminium Metal
Vedanta Aluminium Metal Limited produces aluminium and alumina (the refined powder that is smelted into aluminium) in India.12 It runs an alumina refinery at Lanjigarh, an aluminium smelter complex in Odisha and Bharat Aluminium Company (BALCO).12 The company says it aims to supply the energy transition, infrastructure, transportation, packaging and advanced manufacturing sectors in India and abroad.3
Its customers are in more than 60 countries.1 The company was incorporated in 2023.4 On 29 Sep 2023, the board of Vedanta Limited approved a scheme to demerge several of its businesses into separate listed companies with mirrored shareholding (each Vedanta Limited shareholder getting shares of each new company in the same proportion).5 The National Company Law Tribunal approved the updated scheme, which left out the base metals business, on 16 Dec 2025, and the demerger took effect on 1 May 2026.6 In the year to Mar 2026, before the demerger took effect, the company was a wholly owned subsidiary of Vedanta Limited, with no employees.78
Its promoter group includes Twin Star Holdings Ltd, which held 40.02% of its shares, and Vedanta Holdings Mauritius II Limited, which held 12.60%, as disclosed on 23 Jul 2026.9 Vedanta Resources Limited, also in the promoter group, holds no shares in the company directly.10
Vedanta Aluminium Metal key points
Results
- Consolidated revenue was ₹21,105 crore in the quarter to Jun 2026, up 45% from ₹14,557 crore a year earlier.11
- EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹10,499 crore, up 134% from ₹4,479 crore, and the EBITDA margin was 50%, against 31% a year earlier.12
- Profit after tax was ₹6,597 crore, up 205% from ₹2,162 crore a year earlier.13
- These figures include April 2026, before the demerger took effect; the company itself had no revenue from operations in the year to Mar 2026, as its business had yet to begin.1415
Plants and capacity
- Aluminium production by smelter, kilotonnes (kt)16Total aluminium production was 632 kt, up 5% from a year earlier, mainly from the new BALCO smelter.
Item quarter to Jun 2026 quarter to Jun 2025 Jharsuguda 464 460 BALCO 168 144 - Output of value-added products (aluminium made into billets, alloys and other forms, not plain ingots) was 389 kt, up 14% from a year earlier.17
- The Lanjigarh refinery produced 826 kt of alumina, up 41% from a year earlier but 6% lower than the previous quarter, due to stabilisation issues in the power plant, red mud filtration and bauxite handling.1819
- The hot metal cost (the cost of producing molten aluminium) was $1,698 a tonne, down 3% from the previous quarter and 4% from a year earlier.20
Coal and bauxite mines
- In its presentation of 30 Jul 2026, the company said it had the mining lease and opening permission for the Kuraloi coal mine and targeted commissioning in the quarter to Sep 2026; its documents give no outcome.21
- In its presentation of 30 Jul 2026, the company said it targets commissioning in the half year to Mar 2027 for the Sijimali bauxite mine, which has environmental and stage II forest clearance (the final approval to use forest land), and the Ghogharpalli coal mine.222324
Expansion and capital spending
- Approved spending on projects under way totals ₹27,203 crore, of which ₹20,057 crore had been spent by the end of June 2026.2526
- Of the approved spending, ₹11,816 crore is for the BALCO smelter and value-added products expansion, ₹7,146 crore for coal and bauxite mines and ₹6,585 crore for Lanjigarh refinery.27
- As of its presentation of 30 Jul 2026, commissioning had begun at the BALCO smelter expansion of 435 kt a year.28
What the company expects
- In its presentation of 30 Jul 2026, the company said it expects to produce 4.0 to 4.1 million tonnes of alumina and 2.6 to 2.7 million tonnes of aluminium (including trial runs) in the year to Mar 2027.29
- On its earnings call of 30 Jul 2026, the company said its hot metal cost guidance for the year remains $1,650 to $1,700 a tonne; its presentation adds an expected $50 to $100 a tonne from the war in the first half.3031
- On its earnings call of 30 Jul 2026, the company said it expects more than 371 megawatts (MW) of green power by the end of the year to Mar 2027; renewable power supply from Serentica rose to 198 MW in the quarter to Jun 2026.32
Debt and cash
- Consolidated net debt (borrowings less cash) was ₹29,532 crore at the end of June 2026, from ₹33,013 crore at the end of March 2026.33
- Net debt was 0.9 times EBITDA over the trailing year, against 1.3 times at the end of March 2026.3435
- Cash and cash equivalents were ₹6,068 crore, and the average term debt maturity was about 3.5 years.36
Price and currency sensitivity
- The company estimates that each ₹1 fall in the rupee against the dollar adds about ₹675 to ₹725 crore a year to EBITDA.37
- Each $100 a tonne move in the aluminium price on the London Metal Exchange (LME) changes EBITDA by about ₹2,000 crore a year, the company estimates.38
- The company had hedged (fixed in advance the price of) 28% of its volumes for the rest of the year at $3,062 on average.39
Recent events
- On 30 Sep 2026, ICRA and CRISIL reaffirmed the company's AA+/Stable credit ratings (an agency's view of its ability to repay debt); on 13 Aug 2026, India Ratings upgraded its long-term rating to IND AA+/Stable from IND AA-.404142
- On 30 Jul 2026, the board approved the company's first interim dividend (paid during the year), of ₹8 a share.43
- On 30 Jul 2026, the board approved agreements with Serentica Renewable India 9 Private Limited to add battery storage to an existing 600 MW solar supply agreement; the company proposes to invest ₹165 crore for 26% of the project.44
- On 20 Jul 2026, promoter group companies signed a loan facility of up to $2,250,000,000, with encumbrances (charges securing a loan) created over shares of the company; no liabilities were imposed on the company.454647
Last updated
All 47 sources, each with its page
- 1. Investor presentation, 30 Jul 2026, page 6
- 2. Investor presentation, 30 Jul 2026, page 21
- 3. Investor presentation, 30 Jul 2026, page 3
- 4. Annual report, 11 Jun 2026, page 1
- 5. Annual report, 11 Jun 2026, page 1
- 6. Annual report, 11 Jun 2026, page 2
- 7. Annual report, 11 Jun 2026, page 2
- 8. Annual report, 11 Jun 2026, page 5
- 9. Exchange filing, 23 Jul 2026, page 2
- 10. Exchange filing, 23 Jul 2026, page 2
- 11. Investor presentation, 30 Jul 2026, page 4
- 12. Investor presentation, 30 Jul 2026, page 4
- 13. Investor presentation, 30 Jul 2026, page 4
- 14. Investor presentation, 30 Jul 2026, page 4
- 15. Annual report, 11 Jun 2026, page 1
- 16. Investor presentation, 30 Jul 2026, page 20
- 17. Investor presentation, 30 Jul 2026, page 2
- 18. Investor presentation, 30 Jul 2026, page 21
- 19. Earnings call, 30 Jul 2026, page 7
- 20. Investor presentation, 30 Jul 2026, page 10
- 21. Investor presentation, 30 Jul 2026, page 22
- 22. Investor presentation, 30 Jul 2026, page 22
- 23. Investor presentation, 30 Jul 2026, page 22
- 24. Investor presentation, 30 Jul 2026, page 31
- 25. Investor presentation, 30 Jul 2026, page 31
- 26. Investor presentation, 30 Jul 2026, page 31
- 27. Investor presentation, 30 Jul 2026, page 31
- 28. Investor presentation, 30 Jul 2026, page 31
- 29. Investor presentation, 30 Jul 2026, page 32
- 30. Earnings call, 30 Jul 2026, page 8
- 31. Investor presentation, 30 Jul 2026, page 32
- 32. Earnings call, 30 Jul 2026, page 7
- 33. Investor presentation, 30 Jul 2026, page 26
- 34. Earnings call, 30 Jul 2026, page 8
- 35. Investor presentation, 30 Jul 2026, page 10
- 36. Investor presentation, 30 Jul 2026, page 27
- 37. Investor presentation, 30 Jul 2026, page 32
- 38. Investor presentation, 30 Jul 2026, page 32
- 39. Earnings call, 30 Jul 2026, page 8
- 40. Exchange filing, 30 Sep 2026, page 1
- 41. Exchange filing, 30 Sep 2026, page 1
- 42. Exchange filing, 13 Aug 2026, page 1
- 43. Investor presentation, 30 Jul 2026, page 2
- 44. Exchange filing, 30 Jul 2026, page 1
- 45. Exchange filing, 23 Jul 2026, page 4
- 46. Exchange filing, 23 Jul 2026, page 5
- 47. Exchange filing, 23 Jul 2026, page 2
Results
Standalone; ₹ crore.Vedanta Aluminium Metal quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. Under it, revenue in the quarter before. A change in per cent is not worked out where either period is a loss or nothing.
- ₹15,692 CrQuarter to Mar 2026: ₹0.00 Cr
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- ₹4,641 CrQuarter to Mar 2026: −₹0.01 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 29.6%
Revenue by quarter
Peak revenue ₹15,692 Cr, quarter to Jun 2026; lowest ₹0.00 Cr, quarter to Mar 2026
Net profit by quarter, a loss in red
- Net profit
- Loss
Back to profit in the quarter to Jun 2026, ₹4,641 Cr
| ₹ crore | Mar 2026 | Jun 2026 |
|---|---|---|
| Revenue | 0 | 15,692 |
| Net profit | 0 | 4,641 |
| Net margin | – | 29.6% |
Standalone. The 2 quarters from Mar 2026, the first on record. The latest is shaded.
Year to Mar 2026
- Revenue
- ₹0.00 Cr
- Net profit
- −₹0.04 Cr
| ₹ crore | Mar 2026 |
|---|---|
| Revenue | 0.00 |
| Net profit | −0.04 |
Standalone. Years to March.
Business segments
In the year to Mar 2026 the company reports one business segment, VAML, which carries all its revenue.
Mutual fund holdings
274 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 4 of the 48 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 274 funds holding Vedanta Aluminium Metal
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 33
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 64
- AddedAdded. Funds that held more shares than at the end of the month before.
- 38
- CutCut. Funds that held fewer shares than at the end of the month before.
- 10
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 129
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
 SBI Large Cap FundSBI Mutual Fund | 1,73,00,000 | 1.36% | ₹714.3 Cr |
 ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 1,42,86,269 | 1.87% | ₹589.9 Cr |
 Mirae Asset Large & Midcap FundMirae Asset Mutual Fund | 1,41,09,998 | 1.36% | ₹582.6 Cr |
| ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund | 1,28,52,245 | 2.84% | ₹530.7 Cr |
| Mirae Asset Large Cap FundMirae Asset Mutual Fund | 1,20,32,505 | 1.40% | ₹496.8 Cr |
| SBI Flexicap FundSBI Mutual Fund | 1,02,68,959 | 1.92% | ₹424.0 Cr |
| ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 93,90,181 | 0.51% | ₹387.7 Cr |
| ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | 92,35,854 | 0.45% | ₹381.3 Cr |
| ICICI Prudential India Opportunities FundICICI Prudential Mutual Fund | 86,50,859 | 0.98% | ₹357.2 Cr |
| Mirae Asset Midcap FundMirae Asset Mutual Fund | 82,59,270 | 1.75% | ₹341.0 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Vedanta Aluminium Metal insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Vedanta Aluminium Metal competitors and peers
Aluminium, 17 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Vedanta Aluminium Metal in market cap.Metal stocks
Vedanta Aluminium Metal is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Hindalco IndustriesHINDALCO | 2,00,273 | 12.21 | 1.47 | +20.3% | −3.1% | 12.6% | 13.6% | 0.56% |
 National Aluminium CompanyNATIONALUM | 56,605 | 8.39 | 2.62 | +9.0% | +17.8% | 34.3% | 38.9% | 3.73% |
 Arfin IndiaARFIN | 1,507 | 81.71 | 8.85 | – | – | 11.3% | 15.0% | 0.13% |
 MMP IndustriesMMP | 1,129 | – | 3.26 | +21.4% | – | – | 11.5% | 0.45% |
 Maan AluminiumMAANALU | 555 | 39.52 | 2.02 | −1.8% | −5.5% | 6.2% | 3.9% | 0.00% |
 Msafe EquipmentsMSAFE | 525 | – | 5.35 | – | – | – | – | 0.00% |
 Jainik Power CablesJAINIK | 234 | 16.68 | 2.75 | – | – | 16.5% | – | 0.00% |
 P.G.FoilsPGFOILQ | 215 | – | 0.65 | −18.6% | −114.6% | −1.0% | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Vedanta Aluminium Metal dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹8.00 a share, year to Mar 2027 so far.
| Ex-date | Type | Per share |
|---|---|---|
| 5 Aug 2026 | Interim | ₹8.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Vedanta Aluminium Metal announcements
Oct 2026
22 Oct · Board meeting
3 Oct · Updates
Sep 2026
30 Sep · Rating
30 Sep · Rating
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 340.00 | 351.40 | 334.00 | 350.20 | 348.28 | 73,12,097 | 52.7% |
| 23 Oct 2026 | 356.40 | 356.50 | 336.55 | 344.35 | 342.68 | 77,58,836 | 51.5% |
| 22 Oct 2026 | 355.65 | 361.75 | 346.60 | 359.40 | 355.95 | 63,06,189 | 55.1% |
| 21 Oct 2026 | 371.45 | 371.45 | 353.35 | 355.80 | 358.05 | 52,19,177 | 58.9% |
| 19 Oct 2026 | 372.00 | 376.90 | 362.30 | 371.45 | 372.21 | 43,89,105 | 57.5% |
| 16 Oct 2026 | 361.55 | 375.10 | 361.55 | 371.85 | 370.76 | 57,75,766 | 55.3% |
| 15 Oct 2026 | 367.00 | 367.25 | 356.00 | 359.55 | 360.09 | 1,05,24,680 | 65.7% |
| 14 Oct 2026 | 374.50 | 376.75 | 365.50 | 367.55 | 369.76 | 65,21,382 | 57.9% |
| 13 Oct 2026 | 371.20 | 375.80 | 367.00 | 373.80 | 371.71 | 32,23,814 | 59.5% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- VAML
- BSE code
- 544780
- ISIN
- INE1CDF01017
- Industry
- Non - Ferrous Metals
- Website
- vedantaaluminium.com
- CIN
- L24202MH2023PLC411663
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2023
- Registered office
- C-103, Atul Projects, Corporate Avenue New Link, Chakala MIDC, Mumbai 400093, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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