VAML

VAML share price & financials

Price: ₹404.3
Market cap: ₹1.6L Cr
Sector: Metals & Mining

Quarterly results

₹ Cr · quarterly

Line item	Q1 FY26	Q4 FY26	Q1 FY27
Revenue	10,911	14,610	15,692
Expenses	7,670	8,498	8,246
EBITDA	3,241	6,112	7,446
Margin	30%	42%	47%
Other income	94	-57	226
Interest	955	851	891
Depreciation	519	554	577
Profit before tax	1,861	4,650	6,204
Tax rate	25%	27%	25%
Net profit	1,390	3,412	4,641
EPS	139000.00	341200.00	11.87

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −18.5% YTD

YTD: ₹495.9 on 15 Jun 2026 → ₹404.3. High ₹495.9 (15 Jun 2026), low ₹404.3 (17 Sept 2026).

Valuation and ratios

Current values use the same calculations as the financial screener. Compare FY and TTM where available. Each ratio shows its reporting period.

Return on capital employed: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ average capital employed, including minority equity and deposits.; —; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
Return on equity: —; TTM · period unavailable; How it is calculated

Adjusted profit attributable to owners ÷ average owners’ equity.; —; FY ending Mar 2026; How it is calculated

Adjusted profit attributable to owners ÷ average owners’ equity.
Return on assets: —; TTM · period unavailable; How it is calculated

Total profit excluding exceptional items after tax ÷ average total assets.; —; FY ending Mar 2026; How it is calculated

Total profit excluding exceptional items after tax ÷ average total assets.
Operating margin (EBITDA): —; TTM · period unavailable; How it is calculated

Operating profit ÷ revenue.; 37.62%; FY ending Mar 2026; How it is calculated

Operating profit ÷ revenue.
Net margin: —; TTM · period unavailable; How it is calculated

Total profit excluding exceptional items after tax ÷ revenue.; 21.45%; FY ending Mar 2026; How it is calculated

Total profit excluding exceptional items after tax ÷ revenue.
Free cash flow margin: —; FY ending Mar 2026; How it is calculated

(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Cash conversion (CFO/PAT): —; FY ending Mar 2026; How it is calculated

Operating cash flow ÷ reported total net profit.
Capex intensity: —; FY ending Mar 2026; How it is calculated

Fixed-asset purchases ÷ revenue.
Revenue growth (YoY): —; TTM · period unavailable; How it is calculated

Revenue change against the same period one year earlier.; —; FY ending Mar 2026; How it is calculated

Revenue change against the same period one year earlier.
PAT growth (YoY): —; TTM · period unavailable; How it is calculated

Adjusted profit attributable to owners vs the same period one year earlier.; —; FY ending Mar 2026; How it is calculated

Adjusted profit attributable to owners vs the same period one year earlier.
EBITDA growth (YoY): —; TTM · period unavailable; How it is calculated

Operating profit vs the same period one year earlier.; —; FY ending Mar 2026; How it is calculated

Operating profit vs the same period one year earlier.
Debt to equity: —; FY ending Mar 2026; How it is calculated

Borrowings ÷ owners’ equity.
Interest coverage: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ interest expense.; 5.96×; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ interest expense.
Asset turnover: —; TTM · period unavailable; How it is calculated

Revenue ÷ average total assets.; —; FY ending Mar 2026; How it is calculated

Revenue ÷ average total assets.
Net debt: —; FY ending Mar 2026; How it is calculated

Borrowings less cash equivalents.
Net debt / EBITDA: —; TTM · period unavailable; How it is calculated

(Borrowings − cash equivalents) ÷ adjusted EBITDA.; —; FY ending Mar 2026; How it is calculated

(Borrowings − cash equivalents) ÷ adjusted EBITDA.
Financial leverage (average assets/equity): —; FY ending Mar 2026; How it is calculated

Average total assets ÷ closing owners’ equity.
Net interest income: —; TTM · period unavailable; How it is calculated

Interest earned less interest expense.; —; FY ending Mar 2026; How it is calculated

Interest earned less interest expense.
Deposit growth: —; FY ending Mar 2026; How it is calculated

Deposits vs the same period one year earlier.
Price to earnings: —; TTM · period unavailable; How it is calculated

Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.; 13.36×; FY ending Mar 2026; How it is calculated

Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
Price to book: —; TTM · period unavailable; How it is calculated

Market cap ÷ owners’ equity from the balance sheet selected for the TTM inputs. Uses current market cap, not the share price at the period end.
EV / EBITDA: —; TTM · period unavailable; How it is calculated

(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.; —; FY ending Mar 2026; How it is calculated

(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
Earnings yield: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.; —; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
Debtor days: —; FY ending Mar 2026; How it is calculated

Reported receivable days from the annual accounts.
Inventory days: —; FY ending Mar 2026; How it is calculated

Reported inventory days, using material cost / cost of goods sold.
Days payable: —; FY ending Mar 2026; How it is calculated

Reported payable days, using material cost / cost of goods sold.
Cash conversion cycle: —; FY ending Mar 2026; How it is calculated

Reported debtor days plus inventory days less payable days.
Working capital days: —; FY ending Mar 2026; How it is calculated

Reported net working capital days from the annual accounts.
Dividend payout: 0.00%; FY ending Mar 2026; How it is calculated

Reported dividend payout as a percentage of annual profit.
Market cap: ₹1,60,072.00 Cr; Current market cap; How it is calculated

Market capitalisation from the current stock record.

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside our supported range. FY uses the reported fiscal period; TTM uses the latest twelve months. Valuations use current market cap with the selected earnings period.

Screen Indian stocks using these ratios →

Annual ratio history

Period ending	Mar 2026
Return on capital employed	—
Return on equity	—
Return on assets	—
Operating margin (EBITDA)	37.62%
Net margin	21.45%
Free cash flow margin	—
Cash conversion (CFO/PAT)	—
Capex intensity	—
Revenue growth (YoY)	—
PAT growth (YoY)	—
EBITDA growth (YoY)	—
Debt to equity	—
Interest coverage	5.96×
Asset turnover	—
Net debt	—
Net debt / EBITDA	—
Financial leverage (average assets/equity)	—
Net interest income	—
Deposit growth	—
Debtor days	—
Inventory days	—
Days payable	—
Cash conversion cycle	—
Working capital days	—
Dividend payout	0.00%

The same formulas applied to each reported year. Periods longer or shorter than twelve months are labelled and are not annualised. Current prices are not used for historical valuations.

Balance sheet

Year ending	Mar 2025	Mar 2026
Equity capital	₹0 Cr	₹0 Cr
Reserves	₹-0 Cr	₹-0 Cr
Borrowings	₹0 Cr	₹0 Cr
Other liabilities	₹0 Cr	₹0 Cr
Total liabilities	₹0 Cr	₹0 Cr
Fixed assets	₹0 Cr	₹0 Cr
Capital work in progress	₹0 Cr	₹0 Cr
Investments	₹0 Cr	₹0 Cr
Other assets	₹0 Cr	₹0 Cr
Total assets	₹0 Cr	₹0 Cr

How to read this

As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Promoters: 56.4%
FIIs: 12.6%
DIIs: 13.9%
Government: 0.1%
Public: 16.9%
Others: 0.2%

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of VAML above SEBI's 1% disclosure line.

Holder	Stake
Twin Star Holdings Ltd	40.02%
Vedanta Holdings Mauritius Ii Limited	12.60%
LICI Pension Plus Non Unit Fund Insurer	4.55%
Vedanta Holdings Mauritius Limited	2.75%
ICICI Prudential Balanced Advantage Fund Mutual fund	2.13%
Ptc Cables Private Limited	1.91%
Mirae Asset Large Cap Fund Mutual fund	1.13%
SBI Large & Midcap Fund Mutual fund	1.03%
Welter Trading Limited	0.98%
Vedanta Netherlands Investments B.V.	0.04%
Finsider International Company Limited	0.00%
Westglobe Limited	0.00%

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in VAML

Filings to Aug 2026

1 new, 5 added, 1 trimmed, 0 sold out — net +81.57 L shares (+10.7%).

Held by funds: ₹3.7k Cr; 21 schemes
Biggest holder: SBI Large Cap Fund; ₹753 Cr · 1.4% of that fund

Scheme	Holding	Last month	Held since
SBI Large Cap Fund SBI Mutual Fund	₹753 Cr	held	Apr '26
SBI Flexicap Fund SBI Mutual Fund	₹447 Cr	+42.67 L	Apr '26
Nippon India Large Cap Fund Nippon India Mutual Fund	₹344 Cr	held	Apr '26
Nippon India Multi Cap Fund Nippon India Mutual Fund	₹316 Cr	+10.00 L	Jun '26
Nippon India Small Cap Fund Nippon India Mutual Fund	₹305 Cr	held	Apr '26
SBI MNC Fund SBI Mutual Fund	₹261 Cr	held	Apr '26
SBI Dividend Yield Fund SBI Mutual Fund	₹209 Cr	held	Apr '26
HDFC Manufacturing Fund HDFC Mutual Fund	₹187 Cr	held	Jun '26

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 1 trimmed — net +81.57 L shares (+10.7%)

Funds are sitting on: +19%; vs est. average cost
Held by funds: ₹3.7k Cr; 21 schemes · ≈ 2.1% of the company
Biggest holder: SBI Large Cap Fund; ₹753 Cr · 1.4% of that fund

Shares held by these funds +40%

Apr '26 7.58 cr shares Jul '26

Learn to analyse VAML

Guides on how to read this kind of business and the numbers that matter.