Vedanta Oil and Gas Limited

: VOGL · Oil Exploration & Production

52W Range₹30 ₹48

Snapshot

Unlock Vedanta Oil and Gas Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Vedanta Oil and Gas, operating through Cairn Oil & Gas, is India's largest private sector crude oil and gas producer. The company focuses on the exploration, development, and production of hydrocarbons across key domestic basins.

Business Model

The company generates revenue by exploring, developing, and producing crude oil and natural gas from its diverse asset portfolio. It supplies approximately one-quarter of India's domestic crude oil production to the energy market.

  • Domestic Production Share:~25%

Management Commentary

Management emphasizes the company's critical role in enhancing India's energy security through advanced extraction technologies and strategic portfolio expansion. The leadership is committed to scaling up domestic output significantly.

Growth Outlook

Growth is driven by advanced enhanced oil recovery techniques, horizontal drilling in mature assets, and the development of newer blocks acquired under the Open Acreage Licensing Policy. The long-term strategic goal is to contribute half of India's total domestic oil and gas output.

  • Target Domestic Output Share:50%

Key Risks

  • Commodity Price Volatility. Fluctuations in global crude oil and natural gas prices directly impact the company's revenue and profitability.
  • Regulatory and Policy Risk. Changes in government policies, fiscal regimes, or licensing terms can affect operational continuity and expansion plans.
  • Asset Concentration Risk. A significant portion of production relies heavily on the flagship Rajasthan block, making the company vulnerable to localized disruptions.

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Peers · Oil Exploration & Production

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Vedanta Oil and Gas LimitedVOGL
₹14,355 Cr31.0%
Oil India Ltd.OIL
₹79,671 Cr9.547.1815.8%38.6%17.7%13.4%+24.0%
Antelopus Selan Energy LimitedANTELOPUS
₹4,006 Cr30.1817.3246.5%64.3%23.6%27.2%
Prabha EnergyPRABHA
₹3,349 Cr2718.222310.8622.8%0.3%0.2%+4.4%
Hindustan Oil Exploration Company LimitedHINDOILEXP
₹2,450 Cr97.4823.81-17.8%34.9%1.9%1.9%+8.8%
Gujarat Natural Resources LimitedGNRL
₹1,339 Cr36.0%+65.8%

As of Mar 2026

Financials