VODAFONE IDEA LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.95 INR | +0.67% |
|
+2.74% | -6.25% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 159,424 | 89,080 | 265,802 | 309,947 | 282,342 | 1,008,001 | - | - |
| Enterprise Value (EV) 1 | 1,166,984 | 997,995 | 2,044,623 | 2,183,402 | 2,289,254 | 664,088 | 3,350,204 | 3,405,587 |
| P/E ratio | -0.86 x | -0.11 x | -0.6 x | -0.98 x | -0.69 x | -2.07 x | -3.39 x | -3.62 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.43 x | 0.2 x | 0.63 x | 0.8 x | 0.67 x | 1.56 x | 2.13 x | 1.88 x |
| EV / Revenue | 3.15 x | 2.22 x | 4.87 x | 5.67 x | 5.43 x | 1.56 x | 7.08 x | 6.36 x |
| EV / EBITDA | 28.9 x | 6.69 x | 12.1 x | 13.6 x | 13.4 x | 3.88 x | 16.5 x | 14.2 x |
| EV / FCF | -49 x | -156 x | 18.7 x | 16.9 x | 15.3 x | 13.9 x | 192 x | 195 x |
| FCF Yield | -2.04% | -0.64% | 5.35% | 5.91% | 6.52% | 7.2% | 0.52% | 0.51% |
| Price to Book | 0.27 x | 1.49 x | -0.7 x | -0.5 x | -0.38 x | -0.61 x | -0.67 x | -0.55 x |
| Nbr of stocks (in thousands) | 8,735,558 | 28,735,389 | 28,735,389 | 32,118,848 | 48,679,689 | 67,878,884 | - | - |
| Reference price 2 | 18.25 | 3.100 | 9.250 | 9.650 | 5.800 | 14.85 | 14.85 | 14.85 |
| Announcement Date | 5/13/19 | 6/30/20 | 6/30/21 | 5/10/22 | 5/25/23 | 5/16/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 370,925 | 449,575 | 419,500 | 385,155 | 421,772 | 426,517 | 473,402 | 535,112 |
| EBITDA 1 | 40,430 | 149,125 | 169,500 | 160,361 | 171,288 | 171,260 | 203,170 | 240,150 |
| EBIT 1 | -104,926 | -94,439 | -66,928 | -75,482 | -59,209 | -55,075 | -23,850 | 11,637 |
| Operating Margin | -28.29% | -21.01% | -15.95% | -19.6% | -14.04% | -12.91% | -5.04% | 2.17% |
| Earnings before Tax (EBT) 1 | -181,754 | -617,970 | -442,534 | -282,341 | -292,976 | -304,098 | -269,997 | -232,275 |
| Net income 1 | -146,039 | -738,781 | -442,331 | -282,454 | -293,011 | -312,384 | -270,452 | -233,491 |
| Net margin | -39.37% | -164.33% | -105.44% | -73.34% | -69.47% | -73.24% | -57.13% | -43.63% |
| EPS 2 | -21.16 | -27.26 | -15.40 | -9.830 | -8.430 | -6.410 | -4.379 | -4.106 |
| Free Cash Flow 1 | -23,838 | -6,387 | 109,300 | 128,970 | 149,265 | 241,126 | 17,414 | 17,497 |
| FCF margin | -6.43% | -1.42% | 26.05% | 33.49% | 35.39% | 56.31% | 3.68% | 3.27% |
| FCF Conversion (EBITDA) | - | - | 64.48% | 80.42% | 87.14% | 140.95% | 8.57% | 7.29% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 5/13/19 | 6/30/20 | 6/30/21 | 5/10/22 | 5/25/23 | 5/16/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 94,064 | 97,173 | 102,395 | 104,101 | 106,146 | 106,206 | 105,319 | 106,555 | 107,163 | 106,731 | 106,068 | - | - | - | - | - |
| EBITDA 1 | 38,629 | 38,165 | 46,490 | 43,284 | 40,975 | 41,808 | 43,041 | 41,570 | 42,828 | 43,504 | 43,358 | 44,785 | 51,452 | 55,673 | 56,370 | 104,000 |
| EBIT 1 | -20,598 | -19,223 | -12,640 | -14,759 | -15,582 | -17,052 | -13,996 | -14,595 | -13,845 | -12,480 | -14,155 | - | - | - | - | - |
| Operating Margin | -21.9% | -19.78% | -12.34% | -14.18% | -14.68% | -16.06% | -13.29% | -13.7% | -12.92% | -11.69% | -13.35% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | -71,283 | -72,259 | -65,613 | -72,929 | -75,914 | -79,897 | -64,236 | -78,370 | -79,202 | -69,867 | -76,659 | - | - | - | - | - |
| Net income 1 | -71,323 | -72,309 | -65,631 | -72,967 | -75,955 | -79,900 | -64,189 | -78,400 | -87,379 | -69,859 | -76,746 | - | - | - | - | - |
| Net margin | -75.82% | -74.41% | -64.1% | -70.09% | -71.56% | -75.23% | -60.95% | -73.58% | -81.54% | -65.45% | -72.36% | - | - | - | - | - |
| EPS 2 | -2.480 | -2.520 | -2.280 | -2.270 | -2.340 | -2.488 | -1.530 | -1.610 | -1.790 | -1.435 | -1.570 | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 1/21/22 | 5/10/22 | 8/3/22 | 11/3/22 | 2/14/23 | 5/25/23 | 8/14/23 | 10/26/23 | 1/29/24 | 5/16/24 | - | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,007,560 | 908,915 | 1,778,821 | 1,873,455 | 2,006,912 | 2,338,874 | 2,342,203 | 2,397,586 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 24.92 x | 6.095 x | 10.49 x | 11.68 x | 11.72 x | 13.67 x | 11.53 x | 9.984 x |
| Free Cash Flow 1 | -23,838 | -6,387 | 109,300 | 128,970 | 149,265 | 241,126 | 17,414 | 17,497 |
| ROE (net income / shareholders' equity) | -33.6% | -225% | 150% | 56.7% | - | -35.5% | - | - |
| ROA (Net income/ Total Assets) | -8.9% | -32.4% | -20.6% | -14.2% | -14.6% | -11.1% | -14% | -11.8% |
| Assets 1 | 1,641,386 | 2,283,099 | 2,152,043 | 1,987,545 | 2,006,361 | 2,820,481 | 1,927,217 | 1,976,160 |
| Book Value Per Share 2 | 68.30 | 2.080 | -13.30 | -19.30 | -15.30 | -24.50 | -22.00 | -27.10 |
| Cash Flow per Share 2 | 7.620 | 2.700 | 5.440 | 5.410 | 5.430 | 3.390 | 3.470 | 2.510 |
| Capex 1 | 76,519 | 79,662 | 41,500 | 44,900 | 39,422 | 29,523 | 177,357 | 172,443 |
| Capex / Sales | 20.63% | 17.72% | 9.89% | 11.66% | 9.35% | 6.89% | 37.46% | 32.23% |
| Announcement Date | 5/13/19 | 6/30/20 | 6/30/21 | 5/10/22 | 5/25/23 | 5/16/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
19
Last Close Price
14.85
INR
Average target price
10.29
INR
Spread / Average Target
-30.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.25% | 12.09B | |
| +32.75% | 96.14B | |
| +10.54% | 58.8B | |
| -3.00% | 26.41B | |
| -11.72% | 21.74B | |
| +1.83% | 10.16B | |
| -4.66% | 9.71B | |
| +5.51% | 9.38B | |
| +20.18% | 6.91B | |
| 0.00% | 6.12B |
- Stock Market
- Equities
- IDEA Stock
- Financials Vodafone Idea Limited
