Vedanta Gets 'Neutral' Rating From Motilal Oswal After Q3 Results — Here's Why

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Motilal Oswal Report

Vedanta Ltd.’s Q3 FY25 performance came largely in line across segments. Capex plans are progressing well and will likely lead to further cost savings.

Management targets to maintain strong growth in earnings, led by the upcoming capacity, which will produce higher value added products products. Vedanta remains firm on its deleveraging plans, and going forward, higher cash flows will support both its expansion plan and deleveraging efforts.

The stock currently trades at 4.9x FY27E enterprise value/Ebitda. We largely maintain our estimates and reiterate our Neutral rating on the stock with a SoTP-based target price of Rs 500.

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