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Vodafone Idea Ltd

(IDEA)

₹6.981.69%

as on 02:16PM, 21 Nov 2024

🔔 Downgrade Alert

Goldman Sachs maintains a sell rating on Vodafone Idea, lowering its target price to Rs 2.40, citing ongoing subscriber losses and weak operational performance.

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Vodafone Idea Ltd Analyst Rating

based on 22 analysts

HOLD

22.73%

Buy

22.73%

Hold

54.55%

Sell

Based on 22 analysts offering long term price targets for Vodafone Idea Ltd. An average target of ₹10.22

Source: S&P Global Market Intelligence

Vodafone Idea Ltd Share analysis

Vodafone Idea Ltd price forecast by 22 analysts

Upside of43.94%

High

₹23

Target

₹10.22

Low

₹2.5

Vodafone Idea Ltd target price ₹10.22, a slight upside of 43.94% compared to current price of ₹6.98. According to 22 analysts rating.

Source: S&P Global Market Intelligence

Vodafone Idea Ltd Performance

  • Day's Low

    Day's High

    ₹6.81
    ₹7.18
  • 52 Week's Low

    52 Week's High

    ₹6.81
    ₹19.18
1 Month Return-16.47 %
3 Month Return-55.46 %
1 Year Return-48.74 %
Previous Close₹7.10
Open₹6.98
Volume33.86Cr
Upper Circuit-
Lower Circuit-
Market Cap₹49,486.87Cr

Vodafone Idea Ltd Key Statistics

P/E Ratio-1.41
PEG Ratio-0.6
Market Cap₹49,486.87 Cr
P/B Ratio-0.64
EPS-6.23
Dividend Yield0
SectorTelecomm-Service
ROE0

Vodafone Idea Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹49,486.87 Cr1.35%1.35-₹31,239 Cr₹42,651 Cr
NA₹13,363.90 Cr451.45%12.88NANA
BUY₹9,12,290.54 Cr52.91%0.82₹8,558 Cr₹1,49,982 Cr
BUY₹16,80,246.62 Cr15.92%0.65₹79,020 Cr₹9,01,064 Cr

About Vodafone Idea Ltd

Vodafone Idea Limited, commonly known as Vi, is a prominent player in India's telecommunications sector. The company was incorporated in 1996 through the merger of Vodafone India and Idea Cellular. Headquartered in Mumbai, Maharashtra, Vodafone Idea is registered under the Company Identification Number (CIN) L32100GJ1996PLC030976. Vi offers a wide range of services, including mobile voice and data services, broadband internet, and enterprise solutions, catering to individual consumers and businesses across India.

Vodafone Idea operates exclusively in India, focusing on providing comprehensive telecom services with a strong emphasis on enhancing network coverage and digital offerings. The company does not have specific sub-brands but provides services under the unified brand name "Vi," aiming to create a seamless experience for customers. A notable fact about Vodafone Idea is that it is one of the largest telecom operators in India, with a substantial subscriber base. Another interesting fact is that the merger between Vodafone India and Idea Cellular in 2018 was one of the largest consolidations in the Indian telecom sector, aimed at creating a stronger entity to compete in the market.

Vodafone Idea's parent companies are Vodafone Group Plc and Aditya Birla Group, which hold significant stakes in the company. The merger of Vodafone India and Idea Cellular was a strategic move to combine resources, improve operational efficiencies, and expand network capabilities in the highly competitive Indian telecom market.

Share Price: ₹6.98 per share as on 21 Nov, 2024 02:16 PM
Market Capitalisation: ₹49,486.87Cr as of today
Revenue: ₹10,918.20Cr as on September 2024 (Q3 24)
Net Profit: ₹-7175.90Cr as on September 2024 (Q3 24)
Listing date: 09 Mar, 2007
Chairperson Name: Ravinder Talwar
OrganisationVodafone Idea Ltd
HeadquartersMumbai
IndustryTelecomm-Service
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    00:16 AM

    -

    Vodafone Idea faces potential delays in network upgrades due to banks requiring extra collateral for letters of credit.

    08:48 AM

    -

    Supreme Court ruling allows Vodafone Idea to claim Input Tax Credit on infrastructure duties, benefiting the telecom sector.

    08:55 AM

    -

    Vodafone Idea reports weaker Q2 results; Goldman Sachs projects a 66% decline in share price, while Nomura suggests a buy.

  • img

    Today's Timeline - Invalid Date

    09:54 AM

    -

    Goldman Sachs reiterates sell rating on Vodafone Idea, lowering target price to Rs 2.4 due to missed earnings.

    10:46 AM

    -

    Vodafone Idea shares hit a 1.5-year low after Goldman Sachs cuts revenue and EBITDA forecasts, maintaining a sell rating.

Key events for Vodafone Idea Ltd

  • Vodafone Idea Faces Challenges Amid Market Pressures - 21 Nov, 2024

    Vodafone Idea's stock faces significant pressure as Goldman Sachs lowers forecasts, leading to a share price drop. However, a Supreme Court ruling offers some relief by allowing tax credits on infrastructure duties.

  • Vodafone Idea Faces Challenges Amid Tax Credit Ruling - 20 Nov, 2024

    Vodafone Idea faces significant challenges as Goldman Sachs reiterates a sell rating, citing weak performance. However, a Supreme Court ruling allows tax credits, potentially benefiting the company financially.

  • Vodafone Idea Faces Subscriber Loss Amid Funding Efforts - 19 Nov, 2024

    Vodafone Idea reports an increase in ARPU but loses 5.1 million subscribers. The company is raising funds for network expansion while managing high debt levels.

  • Vodafone Idea Faces Subscriber Loss Amid Price Target Cut - 18 Nov, 2024

    Vodafone Idea's stock has plummeted 55% in recent sessions, with a HOLD rating maintained by ICICI Securities. The company aims to grow its subscriber base from FY25, despite losing 2 million data subscribers. The target price has been reduced to Rs 7 from Rs 11, reflecting ongoing challenges in the telecom sector.

  • Vodafone Idea Faces Debt Funding Delays - 16 Nov, 2024

    Vodafone Idea's ₹25,000 crore debt-funding plan is delayed due to AGR dues, following the Supreme Court's rejection of its curative petition. This raises concerns about the company's financial recovery and ability to execute its capital expenditure plans for 4G and 5G expansion.

  • Vodafone Idea Faces Fundraising Delays Amid AGR Issues - 15 Nov, 2024

    Vodafone Idea's Rs 25,000-crore fundraising plan is delayed as lenders await clarity on AGR dues. CEO Akshaya Moondra emphasizes the need for government support to proceed with crucial investments for 4G and 5G expansion.

  • Vodafone Idea Reports Narrowed Losses and Future Plans - 14 Nov, 2024

    Vodafone Idea reported a narrowed net loss of ₹7,175 crore in Q2, with improved ARPU. CEO Moondra discussed future capex plans and lender expectations. JP Morgan remains neutral with a target of ₹10 per share, reflecting concerns over earnings performance.

  • Vodafone Idea Reports Wider Loss Despite Revenue Growth - 13 Nov, 2024

    Vodafone Idea's Q2 FY2024 results show a net loss of ₹7,176 crore, widening from the previous quarter. Revenue grew 4% to ₹10,932 crore, with ARPU rising to ₹166. The company continues to face customer losses despite operational improvements and a successful capital raise for 4G expansion.

  • Vodafone Idea Q2 Preview: Losses Narrow, ARPU Improves - 12 Nov, 2024

    Vodafone Idea is anticipated to narrow its Q2 losses while improving ARPU due to tariff hikes. The company repaid significant loans and seeks bank guarantee waivers.

  • Vodafone Idea Anticipates Narrowed Losses in Q3 - 11 Nov, 2024

    Vodafone Idea is projected to see a reduction in losses for the quarter ending September 2024, with sales growth expected in single digits. However, the stock has declined nearly 14% in the past month.

  • Vodafone Idea Shares Hit 52-Week Low - 08 Nov, 2024

    Vodafone Idea shares traded at Rs 7.95, near their 52-week low of Rs 7.58. The stock has declined 53% since January 1, 2024, and has faced continuous losses for eight quarters. Analysts suggest it is suitable for short-term trading but not for long-term investment due to its volatile nature.

  • Vodafone Idea Requests Government Aid Amid Financial Struggles - 05 Nov, 2024

    Vodafone Idea is facing financial difficulties and is requesting government assistance to waive bank guarantees of ₹24,700 crore for spectrum payments. The company aims to secure additional loans to enhance competitiveness against Airtel and Jio.

  • Vodafone Idea Faces Decline Amid 5G Plans - 04 Nov, 2024

    Vodafone Idea Limited is set to launch 5G services by March 2025 after raising Rs 24,000 crore. However, shares fell 6.63% today, prompting analysts to advise caution due to ongoing financial challenges.

  • Telecom Firms Seek Equal Treatment with Satcom - 02 Nov, 2024

    Telecom operators, including Vodafone Idea, are advocating for a level playing field between satellite communication and terrestrial services, as mandated by the Telecommunications Act 2023. They argue that satcom companies should face similar liabilities and obligations as traditional carriers due to their potential to offer comparable services in the future.

  • Vodafone Idea Launches Diwali Offers for Customers - 31 Oct, 2024

    Vodafone Idea has introduced Diwali festival offers for subscribers, including extra data, discount coupons, and rewards for recharges made via the Vi App. Customers can win rewards up to Rs 3,499 and enjoy various discounts and additional data on annual prepaid packs. These offers are valid until November 3, 2024, enhancing customer value and connectivity during the festive season.

  • DoT's Decision May Benefit Vodafone Idea Financially - 30 Oct, 2024

    The Department of Telecom's favorable view on waiving bank guarantees for spectrum could significantly aid Vodafone Idea, which faces substantial financial obligations. Additionally, changes in the board of directors were noted, with Mr. Sateesh Kamath resigning and Mr. Selcuk Karacay appointed as an additional director.

  • Vodafone Idea Shares Recover Amid Ongoing Challenges - 28 Oct, 2024

    Vodafone Idea's shares surged over 8% after a prolonged decline, despite losing wireless subscribers and facing cash constraints. The company also partnered with Sun NXT for OTT content, enhancing its service offerings.

  • Vodafone Idea Launches Major Capex for Network Expansion - 27 Oct, 2024

    Vodafone Idea has announced a Rs 30,000 crore capex program to enhance 4G and 5G capacity across 17 circles in India, partnering with Ericsson, Nokia, and Samsung. Ericsson will manage networks in 10 of these circles.

  • Telecom Providers Announce New Plans Amid Tariff Hikes - 26 Oct, 2024

    Major telecom operators, including Vodafone Idea, are launching new prepaid and postpaid plans in July 2024, advocating for tariff hikes to support 5G investments.

  • Vodafone Idea Faces Loan Rejection and Leadership Change - 25 Oct, 2024

    Vodafone Idea's shares dropped 4% after PFC and REC rejected its loan request. The company also announced leadership changes while pushing for 4G adoption among users.

Insights on Vodafone Idea Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 37.17% to 37.32% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 10.63K Cr → 11.23K Cr (in ₹), with an average increase of 2.7% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 19.92% to 21.95% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Bharti Airtel Ltd Partly Paidup has given 185.3% return, outperforming this stock by 218.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharti Airtel Ltd Partly Paidup has given 92.3% return, outperforming this stock by 141.0%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 6.12% to 4.10% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, IDEA stock has moved down by -16.5%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, -6.43K Cr → -7.17K Cr (in ₹), with an average decrease of 11.6% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.77% to 12.69% in Sep 2024 quarter

Vodafone Idea Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹10,715.40Cr (-)₹10,672.60Cr (↓0.40%)₹10,574.30Cr (↓0.92%)₹10,487.00Cr (↓0.83%)₹10,918.20Cr (↑4.11%)
Net Income-₹8,737.90Cr (-)-₹6,985.90Cr (↓20.05%)-₹7,674.60Cr (↑9.86%)-₹6,432.10Cr (↓16.19%)-₹7,175.90Cr (↑11.56%)
Net Profit Margin-81.55% (-)-65.46% (↓19.73%)-72.58% (↑10.88%)-61.33% (↓15.50%)-65.72% (↑7.16%)
Value in ₹ crore
Details2021202220232024
Total Assets₹2,03,131.40Cr (-)₹1,93,931.40Cr (↓4.53%)₹2,07,273.10Cr (↑6.88%)₹1,85,001.40Cr (↓10.75%)
Total Liabilities₹2,40,839.00Cr (-)₹2,55,367.60Cr (↑6.03%)₹2,81,111.90Cr (↑10.08%)₹2,88,645.40Cr (↑2.68%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹6,921.00Cr (-)₹15,125.70Cr (↑118.55%)₹16,860.90Cr (↑11.47%)₹18,366.10Cr (↑8.93%)₹20,164.40Cr (↑9.79%)

Index Inclusions

Nifty Midcap Sel

₹12,185.90

0.12 (14.25%)

Nifty Midcap 100

₹54,482.85

-0.12 (-65.4%)

Nifty Midcap 150

₹20,217.15

-0.2 (-40.95%)

Nifty LargeMidcap 250

₹15,252.20

-0.58 (-88.5%)

Nifty 200

₹13,136.55

-0.82 (-108.25%)

Nifty MidSmallcap 400

₹19,002.40

-0.39 (-73.6%)

Nifty 500

₹21,833.60

-0.78 (-170.75%)

Nifty Midcap 50

₹15,202.65

0.12 (17.65%)

Vodafone Idea Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
37.32%
0.38
Foreign Institutions
12.69%
-0.67
Mutual Funds
4.1%
-32.98
Retail Investors
21.95%
10.19
Others
23.94%
-0.27

Vodafone Idea Ltd Key Indicators

Details20202021202220232024
Return On Assets %-32.28-21.78-14.56-14.14-16.89
Details20202021202220232024
Book Value Per Share (₹)2.08-13.3-19.29-15.28-20.78
Details20202021202220232024
Earning Per Share (₹)-25.71-15.39-8.79-6.02-6.23

Vodafone Idea Ltd Valuation

Vodafone Idea Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-10.35x)

January 19, 2018

Industry (-32.01x)

November 19, 2024

Today (-1.41x)

November 19, 2024

Highest (-0.11x)

November 14, 2019

LowHigh

Vodafone Idea Ltd Earnings and Dividends

  • Vodafone Idea Ltd Earnings Results

    Vodafone Idea Ltd’s net profit jumped 17.88% since last year same period to ₹-7175.90Cr in the Q2 2024-2025. On a quarterly growth basis, Vodafone Idea Ltd has generated -11.56% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Vodafone Idea Ltd Dividends April,2016

    In the quarter ending March 2016, Vodafone Idea Ltd has declared dividend of ₹0.60 - translating a dividend yield of 16.90%.

    Read More about Dividends

Vodafone Idea Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Vodafone Idea Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Vodafone Idea Ltd

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Vodafone Idea Ltd (IDEA) share price today is ₹6.98

Vodafone Idea Ltd is listed on NSE

Vodafone Idea Ltd is listed on BSE

  • Today’s highest price of Vodafone Idea Ltd is ₹7.18.
  • Today’s lowest price of Vodafone Idea Ltd is ₹6.81.

PE Ratio of Vodafone Idea Ltd is -1.41

PE ratio = Vodafone Idea Ltd Market price per share / Vodafone Idea Ltd Earnings per share

Today’s traded volume of Vodafone Idea Ltd(IDEA) is 33.86Cr.

Today’s market capitalisation of Vodafone Idea Ltd(IDEA) is ₹49486.87Cr.

Vodafone Idea Ltd(IDEAPrice
52 Week High
₹19.18
52 Week Low
₹6.81

Vodafone Idea Ltd(IDEA) share price is ₹6.98. It is down -63.61% from its 52 Week High price of ₹19.18

Vodafone Idea Ltd(IDEA) share price is ₹6.98. It is up 2.50% from its 52 Week Low price of ₹6.81

Vodafone Idea Ltd(IDEAReturns
1 Day Returns
-0.12%
1 Month Returns
-16.47%
3 Month Returns
-55.46%
1 Year Returns
-48.74%