Vedanta Oil and Gas Ltd
Vedanta Oil and Gas Limited is a private sector
oil and gas exploration & production company.
It operates under the brand ‘Cairn’. The company
holds interests in 44 blocks spanning over 47,000
sq km of acreage across India, with gross 2P (proved
plus probable) and 2C (contingent) resources of 1.4 bnboe. Its producing assets span key hydrocarbon basins in Rajasthan, AP, Gujarat, and Assam.
- Market Cap ₹ 12,110 Cr.
- Current Price ₹ 31.0
- High / Low ₹ 47.7 / 26.4
- Stock P/E
- Book Value ₹ 46.0
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.67 times its book value
Cons
- Company has low interest coverage ratio.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 888 | 366 | |
| Sales growth | -59% | |
| 981 | 468 | |
| Operating Profit | -93 | -102 |
| OPM % | -10% | -28% |
| 0 | 13 | |
| Interest | 53 | 57 |
| Depreciation | 43 | 45 |
| Profit before tax | -188 | -191 |
| Tax % | 0% | 0% |
| -188 | -191 | |
| EPS in Rs | -40.28 | -40.79 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | -59% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|
| Equity Capital | 5 | 5 | 391 |
| Reserves | -285 | -479 | 17,600 |
| 552 | 0 | 1,334 | |
| 656 | 1,053 | 10,320 | |
| Total Liabilities | 928 | 578 | 29,645 |
| 349 | 0 | 6,268 | |
| CWIP | 5 | 0 | 3,455 |
| Investments | 0 | 0 | 9,242 |
| 575 | 578 | 10,680 | |
| Total Assets | 928 | 578 | 29,645 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2025 | Mar 2026 | |
|---|---|---|
| -9 | -168 | |
| 20 | -8 | |
| 56 | 92 | |
| Net Cash Flow | 66 | -83 |
| Free Cash Flow | -32 | -176 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 11% | 105% |
Ratios
Standalone / View Consolidated
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 37 | 0 |
| Inventory Days | 0 | |
| Days Payable | ||
| Cash Conversion Cycle | 37 | 0 |
| Working Capital Days | -309 | 0 |
| ROCE % |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL reaffirmed Vedanta Oil and Gas at AA+/Stable, updating bank-wise facility details.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
-
Announcement Under Regulation 30 (LODR) - Vesting Of Performance-Based Grants
- 1.84 crore options vested on November 4, 2026; 55.16 lakh vested across VOGL and other entities.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 and H1 FY2026 earnings conference call posted online.
Annual reports
No data available.
Concalls
-
Oct 2026PPT REC
-
Aug 2026Transcript PPT REC
Demerged Entity:[1]
Vedanta Oil and Gas Ltd. is the
former Malco Energy Ltd. and
should not be confused with
erstwhile listed Cairn India Ltd.
or Vedanta Ltd. Malco’s name
changed to Vedanta Oil and
Gas Ltd. from June 9, 2026.
Vedanta shareholders received
1 VOGL share for every Vedanta
Ltd. share held.