VedantaFunding
VedantaVedanta VEDL (NSE), 500295 (BSE) · BSE, NSE (VEDANTA LIMITED)

Vedanta Funding: rounds, investors and valuation

Reviewed by the editorial team · Updated 5 Nov 2026 · Last verified 5 Nov 2026 · 1 min read
Quick answer

Vedanta Limited earned ₹25,096 crore in FY26, and its parent cut debt to $5.2 billion, earning a Moody's upgrade to Ba3 2234.

Founded1976, Mumbai (then Bombay)
StatusListed
Listed onBSE, NSE (Vedanta Limited): VEDL (NSE), 500295 (BSE)

How Vedanta is financed

Vedanta Limited and its demerged companies are listed on the NSE and BSE. Its parent, Vedanta Resources, borrows in international bond markets 347.

Results before the demerger

Year Revenue EBITDA Profit
FY24 ₹1,36,985 crore ₹31,818 crore ₹7,539 crore 32
FY25 ₹1,50,725 crore ₹43,541 crore ₹20,535 crore 32
FY26 ₹1,74,075 crore ₹55,976 crore ₹25,096 crore 22

Vedanta paid dividends of ₹34 a share for FY26, and net debt was 0.95 times EBITDA 22.

After the demerger

In April-June 2026 Vedanta Limited reported revenue of ₹24,205 crore and profit of ₹5,473 crore, with net debt of ₹8,299 crore 16. For July-September 2026 Kotak Neo reported revenue of ₹25,812 crore and profit of ₹6,202 crore, while Upstox reported revenue of ₹26,356 crore and profit of ₹3,650 crore, so the figures need checking against the filing 2515.

The parent's debt

Vedanta Resources' debt fell to $5.2 billion in March 2026 from $9.1 billion in March 2022, and Moody's upgraded it from B1 to Ba3 34. In July 2026 its subsidiaries encumbered their Vedanta Limited shares for a $1.75 billion bond issue 7.

Credit ratings

ICRA and CRISIL reaffirmed Vedanta Limited at AA+ with a stable outlook 35.

Viceroy report

In July 2025 Viceroy Research said the parent's finances were unsustainable and that it was draining Vedanta Limited. Vedanta rejected the report as baseless 365.

Frequently asked questions

₹25,096 crore on revenue of ₹1,74,075 crore, before the demerger.
$5.2 billion in March 2026, down from $9.1 billion in March 2022.
Sources✓ Verified 5 Nov 2026
1 Forbes, Anil Agarwal & family (Real-Time Billionaires), 5 Nov 2026, family holdings 2 Wikipedia, Anil Agarwal (industrialist), 5 Nov 2026, founder 3 BSE, Notice 20260611-17: Listing of equity shares of Vedanta Aluminium Metal Limited, 11 Jun 2026, listing 4 Business Standard, Vedanta's demerged entities debut on bourses, 15 Jun 2026, demerged entities listing 5 Business Standard, Who is Viceroy Research? The short-seller targeting Vedanta's parent, 9 Jul 2025, Viceroy background 6 Trendlyne, Vedanta Ltd shareholding pattern, 5 Nov 2026, shareholding Sep 2026 7 FilingReader, Vedanta Resources subsidiaries encumber 54.7% stake for $1.75bn bond issuance, 16 Jul 2026, encumbrance 8 Angel One, Vedanta share price falls after promoter Twin Star sells 1.8 percent stake worth Rs 1,896 crore, 24 Jun 2026, promoter sale 9 Business Today, Hindustan Zinc OFS: Vedanta to offload 1.59% stake, 28 Jan 2026, Hindustan Zinc OFS 10 Wikipedia, Vedanta Resources, 5 Nov 2026, history 11 Wikipedia, Hindustan Zinc, 5 Nov 2026, Hindustan Zinc history 12 Business Standard, SC dismisses Vedanta's plea against closure of Sterlite copper unit in TN, 29 Feb 2024, Tuticorin ruling 13 Business Today, Vedanta shares in focus as Foxconn pulls out of $19.5 billion JV, 11 Jul 2023, Foxconn exit 14 Bajaj Broking, Vedanta demerger complete: aluminium lists at ₹527, 15 Jun 2026, demerger, listing prices 15 Upstox, Vedanta Q2 FY27 result: net profit drops 33% QoQ, 28 Oct 2026, Q2 FY27 16 Outlook Business, Vedanta Q1 profit rises 72% to ₹5,473 crore; Arun Misra named CEO, 30 Jul 2026, Q1 FY27, CEO, CFO 17 Blinkx, Vedanta Ltd board of directors, 5 Nov 2026, board 18 People Matters, Vedanta Resources appoints Deshnee Naidoo as CEO, 29 Jan 2025, Vedanta Resources CEO 19 Hindustan Zinc, Board of directors, 5 Nov 2026, Hindustan Zinc board 20 Angel One, Vedanta names CEO of aluminium division for three-year term, 27 Mar 2025, aluminium CEO 21 Vedanta Aluminium, Vedanta Aluminium delivers strong debut, 30 Jul 2026, Vedanta Aluminium Q1 22 Angel One, Vedanta share price gains after Q4 FY26 earnings: PAT jumps 89% YoY, 29 Apr 2026, FY26 results, production 23 AlCircle, Decoding Vedanta's FY26, 26 May 2026, FY26 operations 24 AlCircle, Vedanta chairman Anil Agarwal's letter to shareholders, 6 May 2026, chairman's letter 25 Kotak Neo, Vedanta Q2 FY27 results, 28 Oct 2026, Q2 FY27 segments 26 Hindalco, Hindalco results Q4 FY26, 22 May 2026, Hindalco FY26 27 The Machine Maker, NALCO achieves record-breaking performance in FY26, 4 Apr 2026, NALCO FY26 28 S&P Global, India's ONGC sees modest output growth, 6 Aug 2026, ONGC FY26 29 Glencore, Full year 2025 production report, 29 Jan 2026, Glencore zinc 30 Engineering News, Vedanta gets back Zambia copper mines after paying $246m, 19 Jul 2024, Konkola 31 NewsBytes, Adani's ₹14,500cr Jaiprakash Associates bid clears Supreme Court hurdle, 6 Apr 2026, Jaiprakash Associates bid 32 Vedanta, Press release, Q4 FY25, 30 Apr 2025, FY24, FY25 results 33 Upstox, Vedanta Aluminium to Vedanta Oil and Gas: how demerged firms performed in Q1, 1 Aug 2026, demerged companies Q1 34 BondBlox, Vedanta upgraded to Ba3 by Moody's, 6 May 2026, Moody's upgrade, debt 35 Arthneeti, Vedanta Ltd press release, 28 October 2026, 29 Oct 2026, ICRA, CRISIL ratings 36 Business Standard, Vedanta stock tanks as Viceroy Research shorts parent's debt, 9 Jul 2025, Viceroy report, response Report a correction

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