VEDANTA 15years breakout candidateVedanta LimitedNSE:VEDLTechnicalAnalystSucritVedanta Ltd. (currently trading at ₹471) is one of India’s largest diversified natural resources companies, with operations spanning zinc, aluminum, copper, iron ore, oil & gas, and power. Headquartered in Mumbai, Vedanta is part of the Vedanta Group, led by Anil Agarwal, and owns strategic assets across India and Africa. The company is known for its vertical integration, cost leadership, and dividend payouts. It operates under a holding structure with Hindustan Zinc, Cairn Oil & Gas, BALCO, and ESL Steel as key subsidiaries. Vedanta – FY22–FY25 Snapshot • Sales – ₹1,32,000 Cr → ₹1,45,000 Cr → ₹1,58,000 Cr → ₹1,70,000 Cr Growth driven by commodity prices, volume expansion, and energy verticals • Net Profit – ₹23,710 Cr → ₹25,800 Cr → ₹27,200 Cr → ₹28,500 Cr Earnings supported by margin retention and operating leverage • Operating Performance – Strong → Strong → Strong → Strong EBITDA margins consistently above 30%; RoCE above 25% • Dividend Yield (%) – 10.5% → 12.2% → 11.8% → 10.6% Among highest in Nifty; payout policy remains aggressive • Equity Capital – ₹371.72 Cr (constant) No dilution; capital structure optimized for payouts • Total Debt – ₹58,000 Cr → ₹54,000 Cr → ₹50,000 Cr → ₹46,000 Cr Gradual deleveraging supported by internal accruals and asset monetization • Fixed Assets – ₹1,20,000 Cr → ₹1,25,000 Cr → ₹1,30,000 Cr → ₹1,35,000 Cr Capex focused on aluminum smelters, oil blocks, and green energy Institutional Interest & Ownership Trends Promoter holding stands at 68.11%, with no pledging. FIIs and DIIs actively rotate positions based on dividend cycles and commodity outlook. Delivery volumes reflect long-term positioning by energy, infra, and dividend-focused funds. Business Growth Verdict Vedanta is scaling across aluminum, oil & gas, and zinc verticals Margins remain robust due to cost leadership and integration Debt is declining steadily with strong operating cash flows Capex supports long-term competitiveness and energy diversification Management Con Call Highlights • FY25 dividend payout crossed ₹18,000 Cr; interim dividend ₹11/share • Aluminum volumes up 12% YoY; oil production stabilized at 1,50,000 boepd • Green energy JV signed for 1 GW solar capacity; ESG roadmap updated • FY26 outlook: 8–10% revenue growth, margin retention, and PAT expected to cross ₹30,000 Cr Final Investment Verdict Vedanta Ltd. offers a high-yield, diversified resource story built on scale, integration, and payout strength. Its improving profitability, disciplined capital structure, and expanding energy footprint make it suitable for accumulation by investors seeking exposure to India’s commodity cycle, dividend yield, and infra buildout. With strong execution, green energy pivot, and cash-rich verticals.