Vedanta Oil and Gas Limited
NSE: VOGLOil Exploration & Production
Share price
₹30.10
+0.77% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
30
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹11,770 Cr
P/E ratio
—
P/B ratio
—
ROCE
—
ROE
—
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
We do not have three full years of its sales yet, so there is nothing to compare with its sector.
Room to re-rate, or risk of de-rating
It has no earnings, so there is no price-to-earnings to compare.
Whether growth justifies the valuation
It has no earnings to weigh the price against.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Vedanta Oil and Gas Limited — this one | — | — | — |
| Oil & Natural Gas Corporation | 1%/yr | 6.4× | ₹6.4 |
| Oil India | -9%/yr | 8.6× | — |
| Antelopus Selan Energy Limited | 43%/yr | 29.2× | ₹0.68 |
| Prabha Energy Limited | -39%/yr | — | — |
| Hindustan Oil Exploration Company Limited | -48%/yr | 89.0× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Oil Exploration & Production), it ranks 5 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
It is losing money on the capital in the business, so there is no advantage to measure.
Whether its growth pays for itself
Only 1 years of matching accounts on file — too few to judge this yet.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 6 checks clear · 83%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 29 Jul 2026 · Consolidated
Revenue
₹2,507 Cr
Net profit
₹945 Cr
Net margin
37.7%
EPS
₹2.42
Earnings call transcript · 5 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹11,770 Cr
- Prev close
- ₹30.10
- 52w High
- ₹47.6
- 52w Low
- ₹29.1
- Enterprise value
- —
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- -85.3%
- PEG ratio
- —
- P/E ratio
- —
- P/B ratio
- —
- EV / EBITDA
- —
- Industry P/E
- 54.7
- ROCE
- —
- ROCE 5y average
- —
- ROE
- —
- Debt / Equity
- —
- Interest coverage
- 0.7
- Dividend yield
- 0.0%
- ROE 3y average
- —
- ROE last year
- —
Annual P&L
- Annual revenue
- ₹9,606 Cr
- Annual profit
- -₹493 Cr
- Operating margin
- 31.0%
- Net profit margin
- -5.1%
- EBITDA margin
- 30.6%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹-209
- Sales growth TTM
- -59.0%
- Profit growth TTM
- -2.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹2,507 Cr
- Profit latest quarter
- ₹945 Cr
- YoY quarterly sales growth
- 8.5%
- YoY quarterly profit growth
- —
- OPM latest quarter
- 32.5%
Balance Sheet
- Book Value
- —
- Face Value
- ₹1.0
- Total debt
- ₹0 Cr
- Total cash
- —
- Borrowings
- ₹0 Cr
- Reserves / Equity
- -95.8
Cash Flow
- Operating cash flow
- -₹168 Cr
- Free cash flow
- -₹176 Cr
- FCF yield
- -7.0%
- Net cash flow
- -₹83 Cr
Shareholding
- Promoter holding
- 56.4%
- FII holding
- 7.7%
- DII holding
- 8.6%
- Public holding
- 27.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| O N G C | 225.50 | 6.5 | 2,83,685 | 5.90 | 6,554.4 | 20.8 | 2,04,987.4 | 25.7 | 14.2 |
| Oil India | 444.40 | 8.7 | 72,286 | 2.60 | 4,026.8 | 91.4 | 12,503.3 | 57.7 | 11.5 |
| Vedanta Oil and Gas | 30.90 | 56.2 | 12,083 | 0.00 | 945.0 | 2691.6 | 2,507.0 | 8.5 | |
| Antelopus Selan | 1,100.00 | 27.7 | 3,882 | 0.00 | 54.3 | 450.7 | 131.0 | 158.8 | 19.9 |
| Prabha Energy | 214.70 | 3046.5 | 3,351 | 0.00 | 0.3 | 226.1 | 1.7 | 49.6 | -0.1 |
| Hind.Oil Explor. | 165.00 | 86.9 | 2,182 | 0.00 | 6.2 | -47.9 | 114.2 | 45.2 | 3.5 |
| Guj.Nat.Resour. | 96.50 | 76.7 | 1,480 | 0.00 | 11.4 | 488.1 | 5.7 | 70.8 | 7.3 |
| Median | 214.70 | 56.2 | 3,882 | 0.00 | 54.3 | 226.1 | 131.0 | 49.6 | 9.4 |
Competes with: Antelopus Selan Energy Limited, Gujarat Natural Resources Limited, Hindustan Oil Exploration Company Limited, Oil & Natural Gas Corporation, Oil India, Prabha Energy Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 2,311 | 2,588 | 2,507 |
| Expenses | 1,806 | 1,706 | 1,693 |
| Material Cost | 0 | ||
| Change in Inventories | -184 | ||
| Purchases of Stock-in-Trade | 0 | ||
| Employee Cost | 1 | ||
| Other Expenses | 1,876 | ||
| Operating Profit | 505 | 882 | 814 |
| OPM % | 22 | 34 | 32 |
| Other Income | 231 | -35 | 807 |
| Exceptional items (within Other Income) | -441 | ||
| Interest | 167 | 150 | 110 |
| Depreciation | 664 | 1,037 | 741 |
| Profit before tax | -95 | -340 | 770 |
| Tax % | 9 | 41 | -23 |
| Net Profit | -104 | -479 | 945 |
| EPS in Rs | -44 | -203 | 2.42 |
| Diluted EPS in Rs | 2.42 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2026 |
|---|---|
| Sales | 9,606 |
| Expenses | 6,665 |
| Operating Profit | 2,941 |
| OPM % | 31 |
| Other Income | 555 |
| Interest | 650 |
| Depreciation | 3,043 |
| Profit before tax | -197 |
| Tax % | 150 |
| Net Profit | -493 |
| EPS in Rs | -209 |
| Dividend Payout % | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- -59%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- -2%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity Capital | 5 | 5 |
| Reserves | -285 | -479 |
| Borrowings | 552 | 0 |
| Other Liabilities | 656 | 1,053 |
| Total Liabilities | 928 | 578 |
| Fixed Assets | 349 | 0 |
| CWIP | 5 | 0 |
| Investments | 0 | 0 |
| Other Assets | 575 | 578 |
| Total Assets | 928 | 578 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Cash from Operating Activity | -9 | -168 |
| Cash from Investing Activity | 20 | -8 |
| Cash from Financing Activity | 56 | 92 |
| Net Cash Flow | 66 | -83 |
| Free Cash Flow | -32 | -176 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor Days | 37 | 0 |
| Inventory Days | 0 | |
| Cash Conversion Cycle | 37 | 0 |
| Working Capital Days | -309 | 0 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
News
News and filings about Vedanta Oil and Gas Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Depends on the price of
- Crude Oil Brent
- Natural gas
Sells to
- Hindustan Petroleum Corporation Limited · crude oil
- Indian Oil Corporation · crude oil
- Mangalore Refinery and Petrochemicals Limited · crude oil
- Reliance Industries · crude oil
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Oil, Gas & Consumable Fuels
- Industry
- Oil Exploration & Production
- Classification
- Oil, Gas & Consumable Fuels › Oil Exploration & Production
- ISIN
- INE704J01044
Plants
- Cambay Fields (Lakshmi and Gauri, Block CB/OS-2)
- Mangala Processing Terminal (MPT)
- Ravva Field
News impact
Big market events that reach Vedanta Oil and Gas Limited, and how the effect spreads.
25 Sept, 12:20 IST · Market event · medium impact
Vedanta lines up FY's first rupee debt sale, bankers say
Vedanta plans a Rs 3,500 crore three-year bond sale at about 8.75%, giving bond buyers high income while Vedanta shareholders face higher debt costs and rivals see little change.
Who it hits first
- Vedanta Limited, a miner and metals maker, plans to borrow Rs 3,500 crore for three years at a coupon of about 8.75%.
- The new bonds add debt and yearly interest cost, which can weigh on near-term share sentiment.
- The cash gives Vedanta room to refinance older borrowings or fund operations.
Who may gain
- Bond investors who buy the new three-year paper lock in about 8.75% income.
- Vedanta Limited gets Rs 3,500 crore of fresh funds without selling shares.
- Rival metal makers see no direct gain — this is Vedanta's own funding, not a sector demand boost.
Along the supply chain
Downstream
No downstream change — buyers of Vedanta's metals, including Larsen and Toubro and JSW Steel, face the same prices and volumes; loan paperwork does not move metal.
Upstream
No direct supply-chain link — purely capital-flow event. Equipment, fuel and services suppliers to Vedanta Limited see no new orders from a bond sale.
Where demand moves
Business
No change in business demand — steel, aluminium and zinc buyers order the same; this bond sale does not create new metal sales.
Capital
Capital demand shifts to debt — bond funds absorb Rs 3,500 crore of Vedanta paper at about 8.75%, while equity investors turn cautious on higher leverage.
How it spreads across sectors
Metals & Mining
Neutral to mildly soft — Vedanta's 8.75% coupon sets a high funding benchmark but does not change metal demand for peers like Tata Steel and Hindalco.
Oil, Gas & Consumable Fuels
Negligible — Vedanta Oil and Gas operations see no volume or price readthrough from a parent bond sale.
Power
Negligible — Vedanta Power shares the group name but its power sales and tariffs are untouched.
A pattern seen before
Cascade chain
Pattern name
Rupee Cascade
Patterns
- Rupee Cascade
Sectors queried
- IT Services
- Oil & Gas
- Pharma
When it plays out
Immediate
Bond pricing and book-building dominate over 1-7 days; Vedanta shares stay muted on leverage talk.
Medium term
Higher interest payments run over 1-6 months while any refinancing benefit shows; peers stay unaffected.
Short term
Allotment and listing of the Rs 3,500 crore paper over 1-4 weeks; focus shifts to how Vedanta uses the cash.
21 Sept, 21:21 IST · Market event · high impact
ONGC strikes gas in Mahanadi deepwater under Samudra Manthan
ONGC found natural gas in a Mahanadi deepwater block under a government exploration push, lifting its outlook and future work for drillers, with no near-term gain for gas users.
Who it hits first
- ONGC (Oil and Natural Gas Corporation, India's state-run oil and gas explorer) struck natural gas in a deepwater block in the Mahanadi basin off the east coast.
- The find sits under Samudra Manthan, the government push to explore Indian offshore basins, with the Oil Ministry drafting a year-wise plan for drilling, seismic surveys and rig use across the KG, Mahanadi, Andaman and Cauvery basins.
- No discovery size, flow rate or production date was disclosed, so the near-term value is sentiment and a higher chance of future output, not current earnings.
Who may gain
- ONGC first: a commercial find would add gas volumes and revenue years down the line.
- Drilling and offshore service firms that supply ONGC (rig owners, seismic surveyors, pipe and engineering vendors) gain future work if appraisal drilling follows.
- Gas buyers and carriers over time: refiners and marketers ONGC already supplies (Indian Oil, Bharat Petroleum, Hindustan Petroleum, GAIL, MRPL) plus fertilizer, power and city-gas users of domestic gas.
- Fellow explorers with east-coast acreage benefit from proof that Mahanadi geology can deliver.
Along the supply chain
Downstream
Downstream, ONGC's customers (GAIL, Indian Oil, Bharat Petroleum, Hindustan Petroleum and MRPL) and gas-burning industries such as fertilizers, power and city-gas distribution would gain cheaper domestic supply only after appraisal, development and pipelines, which take years.
Upstream
Upstream, ONGC's listed suppliers — drillers, vessel and seismic operators, pipe makers and engineering contractors — stand to win appraisal and development work as the Ministry's basin roadmap turns into tenders.
Where demand moves
Business
Business demand flows first to the oilfield services chain — rigs, seismic surveys, pipes and engineering — once appraisal and development drilling is sanctioned; gas demand itself only shifts years later when any new volumes reach buyers such as GAIL, city-gas sellers and fertilizer and power plants.
Capital
Capital tilts toward ONGC and exploration peers as investors price in possible reserve additions, while lenders and equipment vendors see a longer order runway; with no sized find, flows should stay modest and news-driven rather than a broad re-rating.
How it spreads across sectors
Chemicals
Mildly positive over time: fertilizer and chemical makers that burn gas would welcome more domestic supply, but nothing changes near term.
Oil & Gas
Positive readthrough: discovery sentiment plus a multi-basin drilling roadmap supports explorers and service firms.
Power
Mildly positive over time: gas-based power producers gain a better long-run fuel outlook; no immediate earnings effect.
A pattern seen before
Cascade chain
- Mahanadi gas find de-risks east-coast geology -> appraisal drilling demand for rigs, seismic surveys and pipes
- Any future domestic gas volumes -> steadier long-run feedstock for fertilizer, power and city-gas users
Pattern name
Crude Oil Cascade
Patterns
- Crude Oil Cascade
Sectors queried
- Cement
- Chemicals
- FMCG
- Power
When it plays out
Immediate
ONGC and small exploration peers firm on discovery headlines; service stocks chatter on possible rig demand; no earnings change.
Medium term
Appraisal drilling updates and Ministry roadmap tenders set the real prize — confirmed volumes and service orders.
Short term
Follow-up detail (block location, early size hints, appraisal plan) decides whether the move sticks or fades.
17 Sept, 21:05 IST · Market event · high impact
Oil India bets big on deepwater drilling
Oil India will spend Rs 15,000 crore drilling eight deep-sea oil wells over three years, which could grow its future output and bring orders to drilling firms, while the big spending trims its near-term cash.
Who it hits first
- Oil India will spend about Rs 15,000 crore over three years drilling eight wells in deep-sea blocks, hunting for new oil and gas reserves to grow its future output.
- The flip side is cash: Rs 15,000 crore of spending over three years trims the money left for dividends and debt reduction until new oil actually flows, which takes years.
Who may gain
- Drilling and oilfield-service firms that hire out rigs and well services (Deep Industries, Jindal Drilling, Asian Energy Services) stand to win tendered work from the eight-well programme.
- Makers of seamless pipes and drilling tools could see orders if the wells need new casing and equipment.
Along the supply chain
Downstream
No near-term downstream effect: first oil from new deepwater finds is years away, so refiners and fuel sellers (Indian Oil, BPCL) see no change in crude supply or prices.
Upstream
Oil India's suppliers — drilling contractors, seismic surveyors, pipe makers and offshore support vessels — gain tender prospects from eight wells' worth of equipment and services.
Where demand moves
Business
Rs 15,000 crore of exploration spending creates fresh demand for deepwater rigs, well services, seismic surveys and pipes; contractors bid for the work while rival explorers see no change in their own order books.
Capital
Some investor money may rotate into small oilfield-service stocks on order hopes, while Oil India itself should attract growth buyers; no broad market rotation is expected from a single-company plan.
How it spreads across sectors
Capital Goods
Pipe makers (seamless and casing pipes) and drilling-tool suppliers see possible order spillover from eight wells.
Construction
Engineering and construction contractors that build drilling support infrastructure could see small tender spillover.
Oil, Gas & Consumable Fuels
Explorers mildly positive on the growth signal; oilfield services clearly positive on order hopes; refiners unaffected.
Commodity angle
Cc skip reason
no_commodity_link
When it plays out
Immediate
Oil India and oilfield-service stocks likely edge up 1-4% on sentiment within days as the market prices in growth and orders.
Medium term
Over 1-6 months, tender awards and drilling starts (plus any government drilling-cost support) set the pace; first drilling results are a year or more away.
Short term
Watch for details on blocks, tender timelines and rig contractors over 1-4 weeks; actual contractor awards decide whether service-stock gains hold.
17 Sept, 17:09 IST · Market event · high impact
Oil India seeks route to get $300 mn stuck in Russia
Oil India is trying to bring home a $300 million dividend stuck in Russia because of sanctions, which would help Oil India and other state oil firms owed similar money if a route is found.
Who it hits first
- Oil India, the state-owned oil explorer, may recover about $300 million (roughly Rs 2,600 crore) of dividend cash stuck in Russian banks, after its chairman said the company is exploring repatriation routes.
Who may gain
- Oil India first and most directly; then ONGC (via ONGC Videsh stranded Russian dividends), and co-holders Indian Oil and BPCL (via BPRL) with their own payouts stuck in the same Vankorneft and Taas-Yuryakh assets.
Along the supply chain
Downstream
No downstream link — refiners and fuel marketers buy crude on separate contracts that this dividend does not touch.
Upstream
No upstream link — a dividend transfer does not change drilling, oilfield services, or equipment demand in any way.
Where demand moves
Business
No physical oil supply or demand shift — this is purely a cash-recovery story, so no refiner gains or loses crude feedstock and no fuel buyer is affected.
Capital
A modest sentiment lift for state-owned upstream oil stocks (Oil India, ONGC) as investors price in recovery odds; too small and uncertain to pull money across sectors.
How it spreads across sectors
Oil, Gas & Consumable Fuels
Mild positive for state explorers with Russian exposure (Oil India, ONGC, Indian Oil, BPCL); neutral for pure refiners, gas utilities, and private upstream names.
When it plays out
Immediate
Oil India shares reprice modestly on recovery hopes within days; peers firm slightly on the precedent.
Medium term
Within months, actual cash repatriation (or an equity-oil swap) would confirm the gain and could unlock similar stuck dividends for ONGC, IOC, and BPCL.
Short term
Over coming weeks, watch for concrete route details, legal opinions, or India-Russia payment-channel announcements that confirm or kill the hope.
11 Sept, 04:38 IST · Market event · medium impact
Dilip Buildcon bags Rs 1,800 crore PNGRB LoI for Paradip-Raipur LPG pipeline
Dilip Buildcon won a Rs 1,800-crore pipeline to carry cooking gas from Odisha to Chhattisgarh, a big order for the road builder that also lifts pipeline peers.
Who it hits first
- Dilip Buildcon adds a multi-year build-plus-operate LPG pipeline asset
- PNGRB tariff rights give annuity-like cash flows after construction
- Peers (PNC, GR Infra, HG Infra) re-rate on pipeline-order optimism
Who may gain
- GAIL and Petronet gain long-term LPG logistics capacity on the east coast
- Hindustan Petroleum and other LPG marketers get cheaper inland LPG movement
Along the supply chain
Downstream
LPG marketers and city-gas firms eventually get lower logistics cost on the Paradip-Raipur leg.
Upstream
Pipe makers and EPC suppliers gain orders as DBL procures steel pipes and compressors.
Where demand moves
Business
DBL orders pipes (Jindal Saw, Maharashtra Seamless) and construction services; on completion, LPG flows cheaper inland, aiding marketers' margins.
Capital
Money rotates into mid-cap infra builders on order-book visibility; DBL's leverage keeps large institutions cautious.
How it spreads across sectors
Construction
pipeline EPC order flow validates diversification beyond roads
Oil, Gas & Consumable Fuels
new LPG artery aids east-India supply security
When it plays out
Immediate
DBL stock extends gains; pipe and infra peers firm on sympathy.
Medium term
Annuity tariffs de-risk DBL's road-heavy book if execution stays on track.
Short term
Watch financial closure, tariff finalisation and DBL's debt funding for the build.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 1 rows from NSE's archive (replace 0, delete 1, insert 0), 2026-06-26..2026-06-26 (docs/flat_day_repair.md)1× · 26 Jun 2026
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY275 Aug 2026
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.