IDEATelecommunication

Vodafone Idea Limited

Telecom - Cellular & Fixed line services · ISIN INE669E01016 · BSE 532822 · NSE EQ · FV ₹10
Last price
₹14
-0.28%today
What this company does

Vodafone Idea Limited operates in Telecom - Cellular & Fixed line services, part of the Telecommunication sector. It booked ₹11,689 cr of revenue in its latest quarter (Q1 FY27) and kept -32.1% of sales as profit. It is the largest of 6 Telecom - Cellular & Fixed line services companies we track, by market value.

38out of 100
Equitytale Health Score
Strained

Healthier than 38% of companies in Telecommunication, on the 5 of 6 measures we could read for it. Each measure is ranked against the 17–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns15

How much profit it earns on the money it employs

Balance sheet27

How much it owes, and whether earnings cover the interest

Cash quality60

Whether reported profit actually arrives as cash

Growth & consistency38

Whether sales and profit have grown, and how steadily

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 6% vs last year
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -32.1% net margin

What if I invest in IDEA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹14 -0.28%
latest close · 2026-09-17
1-year return
+141.0%
52-wk low ₹652-wk high ₹17
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
EV / EBITDA11.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on capital3.6%Weak
WeakFairStrong
Net margin-32.1%Loss
ThinDecentStrong
EBITDA margin58.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover0.3×Risky
RiskyOkayStrong ▸5×
Current ratio0.55Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1.54 L cr
Book value
₹-3
EPS
₹-0.35
latest quarter
Net debt
₹1.47 L cr
owes more than its cash
Enterprise value
₹3.01 L cr
EBITDA
₹27,360 cr
annualised
EBIT
₹5,492 cr
annualised
Operating margin
11.7%
Return on assets
-7.8%
Earnings yield
P/S
3.30
Sales / share
₹4.3
Tax rate
Face value
₹10
Shares
10,834.3 cr
Working capital
₹-17,813 cr
Current assets
₹21,876 cr
Current liabilities
₹39,689 cr
Delivery %
29.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹11,689 cr
Other Income₹195 cr
Total Income₹11,884 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹19 cr
Employee Benefit Expense₹542 cr
Finance Costs₹5,120 cr
Depreciation & Amortisation₹5,467 cr
Other Expenses₹6,094 cr
Total Expenses₹17,242 cr
Exceptional Items₹1,611 cr
Profit before Tax₹-3,747 cr
Tax Expense₹7 cr
Net Profit₹-3,754 cr
Net margin on total income-31.6%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹19 cr0.1%
Employee benefit expense₹542 cr3.1%
Finance costs₹5,120 cr29.7%
Depreciation & amortisation₹5,467 cr31.7%
Other expenses₹6,094 cr35.3%
Tax expense₹7 cr0.0%
Total income ₹11,884 cr

The company made a net loss of ₹3,754 cr this quarter — income covered only 69 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue11,323 cr11,332 cr11,689 cr
Total income11,516 cr11,436 cr11,884 cr
Expenses17,884 cr16,951 cr17,242 cr
Profit before tax-5,290 cr51,976 cr-3,747 cr
Tax-4 cr6 cr7 cr
Net profit (owners' share)-5,286 cr51,970 cr-3,754 cr
Net margin (owners' share, on revenue)-46.7%458.6%-32.1%
EPS (₹)-0.494.80-0.35
YoY (latest quarter): total income +6.4% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹1.92 L cr
Shareholder equity
₹-35,758 cr
parent shareholders
Total debt
₹1.49 L cr
Cash
₹2,106 cr
Cash flow · H1 FY26
Operating
₹10,472 cr
Investing
₹-1,792 cr
Financing
₹-8,069 cr
Peer comparison
Telecom - Cellular & Fixed line services · by market value
CompanyPriceMarket capP/E
Vodafone Idea Limitedthis company₹14₹1.54 L cr
Bharti Hexacom Limited₹1,481₹74,055 cr38.4
Tata Communications Limited₹1,792₹51,064 cr95.1
Reliance Communications Limited₹1₹19,416 cr
Tata Teleservices (Maharashtra) Limited₹37₹7,163 cr
Mahanagar Telephone Nigam Limited₹24₹1,498 cr
Bharti Airtel Limited₹1,83634.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.6
ex 22 Sep 2016
ActionDetailEx-date
Rights issue38:8729 Mar 2019
Dividend₹0.6 / share22 Sep 2016
Dividend₹0.6 / share18 Sep 2015
Dividend₹0.4 / share18 Sep 2014
Dividend₹0.3 / share5 Sep 2013
Who owns it · 2026-06-30
No pledge
Promoter
25.6%
FII / Foreign
6.2%
DII / Domestic
6.1%
Retail / others
62.1%
Promoter stake down 12.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtEuro Pacific Securities Ltd. · Promoters42.77 cr · ₹436.2 cr14 Feb 23
BoughtEuro Pacific Securities Ltd. · Promoters42.77 cr · ₹436.2 cr25 Jul 22
BoughtOriana Investments Pte. Ltd · Promoter Group84.59 cr · ₹1125.0 cr31 Mar 22
Bulk / block deals
short · NSE1816 Sep 26
short · NSE315 Sep 26
short · NSE5009 Sep 26
Stake changes
BoughtThe President of India (acting through and represented by the Department of Investment and Public Asset Management, Ministry of Finance, Government of India→ 48.99% · 3695.00 cr11 Apr 25
BoughtOmega Telecom Holdings Private Ltd · promoter→ 1.91% · 108.46 cr9 Jan 25
BoughtUsha Martin telematics Ltd · promoter→ 0.98% · 60.86 cr9 Jan 25
Promoter pledges
ReleasedHSBC Corporate Trustee Company (UK) Limited acting as the security trustee for Dynamo Finance Designated Activity Company, and such pledges of shares had been onassigned to HSBC Corporate Trustee CompanyUK) Limited acting as the security trustee for AlbaCore Partners II Investment Holdings D Designated Activity Company, Asia Opportunities (Singapore) Pte. Limited, Bank of America, N.A., London Branch, BNP Paribas, Burlington Loan Management98.05 cr · 1.41% held27 Dec 24
PledgedHSBC Corporate Trustee Company (UK) Limited acting as the security trustee for Dynamo Finance Designated Activity Company, and such security has been on-assigned to HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for BNP Paribas, HSBC plc, ING Bank N.V., Singapore Branch Standard Chartered Bank, Bank of America Merrill Lynch International Designated Activity Company and Morgan Stanley Senior Funding Inc.146.11 cr · 0.00% held8 May 19
PledgedHSBC Corporate Trustee Company (UK) Limited acting as the security trustee for Dynamo Finance Designated Activity Company, and such security has been on-assigned to HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for BNP Paribas, HSBC plc, ING Bank N.V., Singapore Branch Standard Chartered Bank, Bank of America Merrill Lynch International Designated Activity Company and Morgan Stanley Senior Funding Inc.218.55 cr · 0.00% held8 May 19
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 11 Nov 2025
See the official result
1
Appointment of Mr. Abhijit Kishore as the Chief Executive Officer of the Company
Backed by 98% of shareholders other than promotersneeded 75%
1040.68 cr votes for, 18.29 cr against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 19 named members
owning 25.6% between them · as of 2026-06-30
EURO PACIFIC SECURITIES LTD5.16%
ORIANA INVESTMENTS PTE LTD4.05%
GRASIM INDUSTRIES LTD3.06%
PRIME METALS LTD2.54%
MOBILVEST1.55%
VODAFONE TELECOMMUNICATIONS (INDIA) LIMITED1.50%
TRANS CRYSTAL LTD.1.35%
OMEGA TELECOM HOLDINGS PRIVATE LIMITED1.26%
Business done with them
FY2025 · 3 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹43,571 cr revenue and received ₹3,985 cr back from them.
Oriana Investments PTE Limited
Contribution received from them · Proceeds from allotment of equity shares
also owns 4.05% of the company
₹2,075 cr
company received
OMEGA TELECOM HOLDINGS PRIVATE LIMITED
Contribution received from them · Proceeds from allotment of equity shares
also owns 1.26% of the company
₹1,224 cr
company received
USHA MARTIN TELEMATICS LTD
Contribution received from them · Proceeds from allotment of equity shares
also owns 0.65% of the company
₹687 cr
company received

The company also transacted with 9 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,183 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside. Acuite Ratings and Research Limited watches the spending on the exchange’s behalf.

Capital Expenditure for expansion of network infrastructure
0%
of what was set aside
Repayment of loans availed for capital expenditure for expansion of network infrastructure
0%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹18,000 cr raised in Apr 2024 by selling shares to the public

As of Mar 2026, the company says it has spent 89% of what it set aside, leaving ₹2,258 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Purchase of equipment for the expansion of our network infrastructure by: (a) setting up new 4G sites; (b) expanding the capacity of existing 4G Sites and new 4G sites; and (c) setting up new 5G sites
82%
₹10,492 cr of ₹12,750 cr
Payment of certain deferred payments for spectrum to the DoT and the GST thereon
originally ₹2,175 cr
budget changed
100%
₹4,433 cr of ₹4,433 cr
General corporate purposes
100%
₹2,689 cr of ₹2,689 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.