VEDL

Current Share Price ₹ 450.90 Market Cap ₹ 1,76,319 Crore P/E Ratio (TTM, consolidated)** 13.1× Book Value per Share ₹ 105.39 Price/Book (P/B) 4.15× Dividend Yield 9-10% ROE (Return on Equity) 38-39% ROCE (Return on Capital Employed) 25-28% Tax & Regulatory Risks Changes in effective tax rates (domestic or foreign subsidiaries), trade policy (tariffs etc.), environmental regulations, and regulatory approvals for expansions are all potential risk areas. Capex & Execution Risk New projects (e.g. new smelter) require large capex, time, regulatory, environmental clearances, stable power / raw materials etc. Delays or cost overruns could hurt returns. Promoter Share / Governance / Pledge Some sources mention promoter pledging / encumbrance. Promoter risk could affect market sentiment. Also, the effect of parent group debt or capital flows matters.