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India's largest aluminium producer, a Vedanta Group subsidiary running smelters and alumina refining, recently listed separately.
India's largest aluminium producer, a Vedanta Group subsidiary running smelters and alumina refining, recently listed separately.
In one line: India's Alcoa.
Moat: narrow (scale, cost advantage). Large-scale domestic smelting capacity backed by captive power and bauxite/alumina supply within the Vedanta Group.
Headquarters: Mumbai, India
Size Vedanta Aluminium Metal (VAML.NS) is an India Materials company (Aluminum) with a market value of $15.6B, the 67th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹376.05 on 6 Nov 2026.
Valuation It trades at 6.7× forward earnings against a peer median of 7.4× (6th cheapest of 12).
Capital Return on invested capital runs 8.9 points below its cost of capital (8.9% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | n/a | ₹0 | ₹0 |
| Revenue growth | — | — | — |
| Gross profit | n/a | ₹0 | ₹0 |
| EBITDA | n/a | -₹301,000 | -₹234,000 |
| Net income | n/a | -₹366,000 | -₹285,000 |
| Free cash flow | n/a | -₹242,000 | -₹413,000 |
| Capital expenditure | n/a | ₹0 | ₹0 |
| Total debt | ₹328B | ₹623,000 | ₹389,000 |
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Vedanta Aluminium Metal VAML.NS | $15.6B | n/a | n/a | n/a | 6.7× | n/a |
| Hindalco Industries HINDALCO.NS | $22.7B | -9% | +20% | 11% | 8.6× | n/a |
| National Aluminium NATIONALUM.NS | $6.33B | -19% | +14% | 43% | 8.3× | -4.2% |
| Vedanta VEDL.NS | $10.8B | -14% | -37% | 28% | 6.0× | -9.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VAML.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | -3.6% | 6th lowest of 13 |
| Distance from 52-week high | -30.0% | -44.1% | 4th highest of 13 |
| Forward P/E | 6.7× | 7.4× | 6th cheapest of 12 |
| ROIC minus cost of capital | -8.9 pp | +12.4 pp | lowest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vedanta Aluminium Metal VAML.NS | India | $15.6B | n/a | n/a | n/a | 6.7× | n/a | n/a |
| Norsk Hydro NHY.OL | Norway | $14.4B | -34% | -4% | 10% | 8.3× | 0.4% | +12.7% |
| Yunnan Aluminium 000807.SZ | China | $12.8B | -23% | +16% | 26% | 5.8× | -16.1% | +15.2% |
| Inner Mongolia Dian Tou Energy 002128.SZ | China | $12.1B | -16% | +47% | 34% | 9.3× | -15.4% | +8.5% |
| Vedanta VEDL.NS | India | $10.8B | -14% | -37% | 28% | 6.0× | -9.5% | -3.1% |
| Alcoa AA | United States | $10.4B | -37% | +10% | 14% | 7.4× | -4.9% | +7.1% |
| Guangdong HEC Technology 600673.SS | China | $10.4B | -35% | +30% | 6% | 51.0× | n/a | n/a |
| Chinahongqiao 1378.HK | Hong Kong | $25.5B | -36% | +7% | 25% | 5.0× | -12.8% | +12.7% |
| Henan Shenhuo Coal Industary and Electricity Power 000933.SZ | China | $8.45B | -21% | +17% | 26% | 6.2× | -16.2% | +17.0% |
| Tianshan Aluminum 002532.SZ | China | $8.36B | -28% | +17% | 31% | 6.4× | -13.0% | +1.4% |
| Shandong Nanshan Aluminium 600219.SS | China | $7.53B | -19% | +4% | 13% | 10.7× | -5.7% | +9.4% |
| National Aluminium NATIONALUM.NS | India | $6.33B | -19% | +14% | 43% | 8.3× | -4.2% | +14.7% |
| United Company RUSAL international PJSC 0486.HK | Hong Kong | $4.26B | -34% | -4% | 6% | n/a | n/a | n/a |