VEDANTA OIL AND GAS LTD (VOGL) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of VEDANTA OIL AND GAS LTD stock ₹21.03, price ₹28.09, upside -25.1%, quality 29 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?No
Quality 50+?No
In an uptrend?Unknown
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 25, 2026.
How to read this chart
4‑month range ₹27.18 – ₹44.54 · fair‑value band ₹12.15 – ₹21.03 · the ₹28.09 price screens above the ₹21.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 25, 2026.
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VEDANTA OIL AND GAS LTD (VOGL) currently trades at ₹28.09, while our model-based Fair Value estimate is ₹21.03, 25.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹24.96 per share, and 1 of the 10 models we run sit above the ₹28.09 price.
Bear case: the Multiples group reads lowest at ₹2.35, and 9 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹12.15 (bear) to ₹21.03 (bull), the price of ₹28.09 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
VEDANTA OIL AND GAS LTD reported revenue of ₹95.8B in FY2026 versus ₹5.3B in FY2023, a compound +161.8%/yr. Reported net income was ₹540M in FY2026.
Key figures
Market cap ₹114B (≈ $1.2B) Small · P/E ratio 305.1 · P/S ratio 1.72 · EPS (TTM) ₹−0.2100 · Net margin 0.6% · Return on assets (EBIT) −7.3% · Operating margin 8.9% · Revenue growth (YoY) +8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −25%, VOGL screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹1.94 to ₹64.15). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹12.15Fair Value ₹21.03Bull₹21.03
Price ₹28.09 · Upside -25.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−13.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+161.8%
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−44.5% (2023) → −1.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Compare VEDANTA OIL AND GAS LTD with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 376 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−25.1% · Above median
Profitability
Return on assets0.2% · Above median
Net margin (12 months)0.6% · Below median
Operating margin (12 months)8.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.9% · Below median
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/E (12 months)305.1× · Priciest 25%
P/S (12 months)0.59× · Cheapest 25%
EV/EBITDA1.2× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)45· sector 81
PAST (return on equity)0· sector 0
HEALTH (low debt)94· sector 95
DIVIDEND (yield)0· sector 33
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "VEDANTA OIL AND GAS LTD Fair Value". https://www.fairvalue-calculator.com/stock/VOGL
Frequently asked questions
Is VEDANTA OIL AND GAS LTD (VOGL) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of ₹21.03 versus a price of ₹28.09, about −25% upside (overvalued).
What is the fair value of VOGL?
Our model-based fair value for VEDANTA OIL AND GAS LTD is ₹21.03 (as of Oct 25, 2026), built from audited fundamentals. The current price: ₹28.09.
What is the quality score of VOGL?
VEDANTA OIL AND GAS LTD has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for VEDANTA OIL AND GAS LTD (VOGL)?
Our model-based price target is the fair value of ₹21.03 (as of Oct 25, 2026) from 10 valuation models. Cautious scenario ₹12.15, optimistic scenario ₹21.03. It is a calculation from audited fundamentals, not an analyst target.
What is the VEDANTA OIL AND GAS LTD stock forecast for 2026?
Our models put fair value at ₹21.03, about −25% upside versus a price of ₹28.09 (overvalued). Cautious scenario ₹12.15, optimistic scenario ₹21.03. The calculation is refreshed regularly with new filings.
What is the intrinsic value of VEDANTA OIL AND GAS LTD (VOGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VEDANTA OIL AND GAS LTD it is ₹21.03 per share (as of Oct 25, 2026), against a price of ₹28.09. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is VEDANTA OIL AND GAS LTD stock overvalued or undervalued in 2026?
As of Oct 25, 2026, VOGL trades above its calculated fair value: price ₹28.09, fair value ₹21.03, a gap of about −25% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VOGL?
No. The price is what the market pays today (₹28.09); the fair value is what the company's own numbers justify (₹21.03). For VEDANTA OIL AND GAS LTD the two are ₹7.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is VEDANTA OIL AND GAS LTD worth?
The market values VEDANTA OIL AND GAS LTD at about ₹114B (market capitalisation, as of Oct 25, 2026). Per share that is ₹28.09; our models calculate a fair value of ₹21.03 per share.
What do the bullish and bearish scenarios say about VOGL?
Our models span a range for VEDANTA OIL AND GAS LTD: cautious scenario ₹12.15, base ₹21.03, optimistic ₹21.03 per share (as of Oct 25, 2026, price ₹28.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VOGL?
VEDANTA OIL AND GAS LTD trades at a price-to-earnings ratio of 305.1 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹21.03 is built from several models across several years. Other multiples: P/S 0.6, EV/EBITDA 1.2.
How solid is the balance sheet of VEDANTA OIL AND GAS LTD (VOGL)?
Balance-sheet figures for VEDANTA OIL AND GAS LTD (as of Oct 25, 2026): debt of 0.12 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
Which stocks are comparable to VEDANTA OIL AND GAS LTD?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, Boliden AB, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is VEDANTA OIL AND GAS LTD stock attractive at the current price?
The data as of Oct 25, 2026: price ₹28.09, calculated fair value ₹21.03 (−25%), Quality Score 29/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VOGL calculated?
We run VEDANTA OIL AND GAS LTD through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹21.03, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. VEDANTA OIL AND GAS LTD itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of VEDANTA OIL AND GAS LTD (VOGL)?
The closing price on Oct 28, 2026 was ₹28.09. Our model-based fair value is ₹21.03, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VEDANTA OIL AND GAS LTD right now?
The price sits above even our optimistic bull case (₹21.03). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of VEDANTA OIL AND GAS LTD
How large is the market capitalisation of VEDANTA OIL AND GAS LTD (VOGL)?
The market capitalisation of VEDANTA OIL AND GAS LTD is ₹114B (≈ $1.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of VEDANTA OIL AND GAS LTD (VOGL)?
The price-to-sales ratio of VEDANTA OIL AND GAS LTD is 1.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of VEDANTA OIL AND GAS LTD (VOGL)?
Earnings per share at VEDANTA OIL AND GAS LTD are ₹−0.2100 (price ÷ EPS = P/E 305.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of VEDANTA OIL AND GAS LTD (VOGL)?
The net margin of VEDANTA OIL AND GAS LTD is 0.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of VEDANTA OIL AND GAS LTD (VOGL)?
On an EBIT basis the return on assets of VEDANTA OIL AND GAS LTD is −7.3% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of VEDANTA OIL AND GAS LTD (VOGL)?
The operating margin of VEDANTA OIL AND GAS LTD is 8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VEDANTA OIL AND GAS LTD (VOGL)?
Revenue at VEDANTA OIL AND GAS LTD is growing +8.9% versus a year earlier (3y avg +162%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does VEDANTA OIL AND GAS LTD (VOGL) generate?
The free cash flow of VEDANTA OIL AND GAS LTD is −₹1.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does VEDANTA OIL AND GAS LTD (VOGL) carry?
The net debt of VEDANTA OIL AND GAS LTD is ₹46.5B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 25, 2026