NSE: VAML· MaterialsCore · Aug 26Large cap
Vedanta Aluminium Metal
Lowest-cost aluminium in a deficit
- Last close
- ₹434.45
- 29 Sept 2026 · reference
- 1D · 1M
- +3.4% · −4.8%
- price-only
- Weight
- 2.2%
- 31 Jul 2026 · Aug rank 17
- Thesis review
- 8 Sep 2026
- Why We Own, p63
Where the price sits
52-week range, house target and street targets
52w low ₹40452w high ₹496
- Reference close₹434
- JM Financial · BUY₹560
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹439
Price (2026-09-07)
n.m. / n.m.
FY27E / FY28E P/E (Buoyant sheet)
n.a.
FY27E ROE (Buoyant sheet)
10.8x
Trailing P/E
n.m.
Price / book
23%
EPS CAGR FY26–28E
No own history (listed Jun-2026); trades at 10.8x TTM vs Hindalco 11.0x and NALCO 9.9x; Nuvama values it at 6.5x FY28E EV/EBITDA. EV/EBITDA n.m.; dividend yield 1.8%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY24 | FY25 | FY26 |
|---|---|---|---|
| P/E | — | n.m. | n.m. |
| Price to Book | n.m. | n.m. | n.m. |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Vedanta Aluminium Metal plus a reference price. Missing inputs are not substituted.