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Vedanta Group's power generation business (thermal power plants), demerged from Vedanta Limited into a separate listed entity.
Vedanta Group's power generation business (thermal power plants), demerged from Vedanta Limited into a separate listed entity.
Moat: narrow (installed base, scale). Large captive power capacity tied to Vedanta's metals plants gives assured offtake, but merchant power is a competitive, price-volatile market.
Headquarters: Mumbai, India
Size Vedanta Power (VEDPOWER.NS) is an India Utilities company (Electric Utilities) with a market value of $1.46B, the 479th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹35.33 on 6 Nov 2026.
Growth Revenue grew 4.7% over the last twelve months (peer median +1.9%); the operating margin is -13.0% (peer median 11.7%).
Valuation It trades at 3.9× enterprise value to sales against a peer median of 2.2× (6th most expensive of 21).
Capital Return on invested capital runs 11.0 points below its cost of capital (8.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹54.9B | ₹52.4B | ₹52.9B | ₹58.0B |
| Revenue growth | — | +5% | -1% | -9% | — |
| Gross profit | n/a | ₹9.19B | ₹8.93B | ₹8.79B | ₹8.95B |
| EBITDA | n/a | -₹2.68B | ₹10.7B | ₹10.8B | ₹10.9B |
| Net income | n/a | -₹17.1B | ₹318M | ₹6.02B | -₹703M |
| Free cash flow | n/a | -₹593M | ₹1.46B | ₹4.64B | ₹6.99B |
| Capital expenditure | n/a | ₹785M | ₹300M | ₹229M | ₹196M |
| Total debt | ₹85.4B | ₹58.7B | ₹58.3B | ₹60.5B | ₹63.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Vedanta Power VEDPOWER.NS | $1.46B | n/a | +5% | -13% | 3.9× | n/a |
| NTPC NTPC.NS | $33.2B | -19% | +7% | 20% | 3.0× | n/a |
| Adani Power ADANIPOWER.NS | $41.6B | -11% | +8% | 23% | 7.6× | n/a |
| JSW Energy JSWENERGY.NS | $10.1B | -9% | +26% | 36% | 8.5× | n/a |
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 | VEDPOWER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.0% | -4.9% | 2nd highest of 21 |
| Distance from 52-week high | -29.2% | -36.8% | 9th highest of 21 |
| Revenue growth (TTM) | +4.7% | +1.9% | 9th highest of 21 |
| Operating margin | -13.0% | 11.7% | 2nd lowest of 21 |
| EV / Sales | 3.9× | 2.2× | 6th most expensive of 21 |
| ROIC minus cost of capital | -11.0 pp | +0.6 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vedanta Power VEDPOWER.NS | India | $1.46B | n/a | +5% | -13% | 3.9× | n/a | n/a |
| Hawaiian Electric Industries HE | United States | $1.45B | -43% | +2% | 11% | 1.2× | n/a | n/a |
| Jinneng Holding Shanxi Electric Power 000767.SZ | China | $1.40B | -20% | -6% | 6% | 3.2× | 2.5% | +5.6% |
| Xinjiang Tianfu Energy 600509.SS | China | $1.40B | -16% | +9% | 7% | 2.5× | -4.3% | +11.5% |
| Hokkaido Electric Power Company,Incorporated 9509.T | Japan | $1.38B | +5% | -1% | 4% | 2.0× | n/a | n/a |
| Harbin Hatou Investment 600864.SS | China | $1.56B | -18% | 0% | -17% | 1.0× | -17.2% | -3.8% |
| Jiangsu New Energy Development 603693.SS | China | $1.56B | -21% | -3% | 35% | 9.1× | 0.7% | +6.1% |
| Nava NAVA.NS | India | $1.59B | -26% | +9% | 29% | 3.5× | 19.8% | +11.0% |
| Dynagreen Environmental Protection 1330.HK | Hong Kong | $1.59B | +8% | +17% | 31% | 5.6× | -2.7% | +8.4% |
| Hokuriku Electric Power 9505.T | Japan | $1.34B | +16% | -5% | 7% | 1.5× | 8.4% | +3.7% |
| Central Puerto SA Sponsored ADR CEPU | United States | $1.64B | -29% | +51% | 29% | 1.9× | -5.0% | +10.3% |
| Electricite de Strasbourg ELEC.PA | France | $1.29B | -34% | -10% | 8% | 0.7× | -10.7% | +11.1% |
| Romande Energie REHN.SW | Switzerland | $1.68B | -1% | +2% | 8% | 2.0× | 7.4% | +7.2% |
| Jiangxi Ganneng 000899.SZ | China | $1.26B | -31% | +24% | 13% | 2.5× | -4.4% | +22.6% |
| Chongqing Three Gorges Water Conservancy and Electric Power 600116.SS | China | $1.73B | -8% | +4% | 6% | 1.9× | -2.5% | +14.1% |
| Beijing Jingneng Clean Energy 0579.HK | Hong Kong | $1.74B | -27% | -1% | 18% | 3.2× | -1.0% | +3.5% |
| CESC CESC.NS | India | $1.77B | -32% | +9% | 12% | 0.9× | n/a | n/a |
| Guizhou Qianyuan Power 002039.SZ | China | $1.19B | -8% | +14% | 45% | 5.7× | -10.1% | +4.4% |
| Hunan Energy Group Development 000722.SZ | China | $1.19B | -13% | +126% | 48% | 9.9× | 0.8% | +2.4% |
| naturenergie NEAG.SW | Switzerland | $1.17B | -12% | -16% | 13% | 0.7× | -15.5% | +5.6% |
| Datang Huayin Electric Power 600744.SS | China | $1.83B | -30% | -10% | 6% | 5.0× | n/a | n/a |