Added to YB: 2026-07-07
Pitch date: 2026-07-03
VOGL.NS [bullish]
Vedanta Oil and Gas Limited
-5.05%
current return
Author Info
Nine One Capital is an India-focused investment manager. We are value-conscious investors in Indian listed companies. Sign up for the newsletter.
Company Info
Vedanta Oil and Gas Limited engages in the exploration and production of oil and gas. It holds interests in 44 blocks covering an area of approximately 47,000 square kilometers in India.
Market Cap
INR 167.3B
Pitch Price
INR 41.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Vedanta Oil & Gas: Paid to Wait for Price Discovery
VOGL.NS: Cairn oil&gas spun out of Vedanta 5-way demerger; forced index/passive selling + T-group friction + optical negative P/E from ₹1,493cr non-cash impairment created price-discovery gap. Bought at ₹33 (~1.5-2x FY28 EBITDA vs 4-5x PSU peers), net cash, $14-16/bbl opex. Even $50 Brent stress: ~₹6,800cr EBITDA, no downside. Tier-one asset, India import-substitution tailwind, funded growth (ASP flood, Barmer-Hill). Risks: levered parent cash draw, Cambay licence, royalty disputes. Two lives: re-rating trade + long-term hold optionality.
Read full article (7 min)