VODAFONE IDEA LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.7 INR | +0.40% |
|
-3.79% | -20.62% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 159,424 | 89,080 | 265,802 | 309,947 | 282,342 | 844,340 | - | - |
| Enterprise Value (EV) 1 | 1,166,984 | 997,995 | 2,044,623 | 2,183,402 | 2,289,254 | 3,188,245 | 3,198,437 | 3,251,840 |
| P/E ratio | -0.86 x | -0.11 x | -0.6 x | -0.98 x | -0.69 x | -1.76 x | -2.23 x | -2.54 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.43 x | 0.2 x | 0.63 x | 0.8 x | 0.67 x | 1.97 x | 1.8 x | 1.61 x |
| EV / Revenue | 3.15 x | 2.22 x | 4.87 x | 5.67 x | 5.43 x | 7.45 x | 6.8 x | 6.2 x |
| EV / EBITDA | 28.9 x | 6.69 x | 12.1 x | 13.6 x | 13.4 x | 18.6 x | 16.1 x | 14 x |
| EV / FCF | -49 x | -156 x | 18.7 x | 16.9 x | 15.3 x | 13.2 x | 14.2 x | 18.4 x |
| FCF Yield | -2.04% | -0.64% | 5.35% | 5.91% | 6.52% | 7.56% | 7.02% | 5.43% |
| Price to Book | 0.27 x | 1.49 x | -0.7 x | -0.5 x | -0.38 x | -0.52 x | -0.49 x | -0.44 x |
| Nbr of stocks (in thousands) | 8,735,558 | 28,735,389 | 28,735,389 | 32,118,848 | 48,679,689 | 66,483,457 | - | - |
| Reference price 2 | 18.25 | 3.100 | 9.250 | 9.650 | 5.800 | 12.70 | 12.70 | 12.70 |
| Announcement Date | 5/13/19 | 6/30/20 | 6/30/21 | 5/10/22 | 5/25/23 | - | - | - |
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 | 428,184 | 470,281 | 524,802 |
| EBITDA 1 | 40,430 | 149,125 | 169,500 | 160,361 | 171,288 | 171,077 | 199,231 | 232,366 |
| EBIT 1 | -104,926 | -94,439 | -66,928 | -75,482 | -59,209 | -55,575 | -21,045 | 10,928 |
| Operating Margin | -28.29% | -21.01% | -15.95% | -19.6% | -14.04% | -12.98% | -4.47% | 2.08% |
| Earnings before Tax (EBT) 1 | -181,754 | -617,970 | -442,534 | -282,341 | -292,976 | -306,424 | -266,711 | -233,004 |
| Net income 1 | -146,039 | -738,781 | -442,331 | -282,454 | -293,011 | -312,334 | -268,049 | -229,725 |
| Net margin | -39.37% | -164.33% | -105.44% | -73.34% | -69.47% | -72.94% | -57% | -43.77% |
| EPS 2 | -21.16 | -27.26 | -15.40 | -9.830 | -8.430 | -7.229 | -5.697 | -5.002 |
| Free Cash Flow 1 | -23,838 | -6,387 | 109,300 | 128,970 | 149,265 | 241,126 | 224,496 | 176,645 |
| FCF margin | -6.43% | -1.42% | 26.05% | 33.49% | 35.39% | 56.31% | 47.74% | 33.66% |
| FCF Conversion (EBITDA) | - | - | 64.48% | 80.42% | 87.14% | 140.95% | 112.68% | 76.02% |
| 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 | - | - | - |
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 | 107,294 | - | - | - | - | - |
| EBITDA 1 | 38,629 | 38,165 | 46,490 | 43,284 | 40,975 | 41,808 | 43,041 | 41,570 | 42,828 | 43,504 | 43,333 | 43,506 | 43,881 | 45,802 | 47,504 | 104,000 |
| EBIT 1 | -20,598 | -19,223 | -12,640 | -14,759 | -15,582 | -17,052 | -13,996 | -14,595 | -13,845 | -12,480 | -14,012 | - | - | - | - | - |
| Operating Margin | -21.9% | -19.78% | -12.34% | -14.18% | -14.68% | -16.06% | -13.29% | -13.7% | -12.92% | -11.69% | -13.06% | - | - | - | - | - |
| 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 | -76,500 | - | - | - | - | - |
| Net income 1 | -71,323 | -72,309 | -65,631 | -72,967 | -75,955 | -79,900 | -64,189 | -78,400 | -87,379 | -69,859 | -76,674 | - | - | - | - | - |
| Net margin | -75.82% | -74.41% | -64.1% | -70.09% | -71.56% | -75.23% | -60.95% | -73.58% | -81.54% | -65.45% | -71.46% | - | - | - | - | - |
| EPS 2 | -2.480 | -2.520 | -2.280 | -2.270 | -2.340 | -2.488 | -1.530 | -1.610 | -1.790 | -1.435 | -1.943 | - | - | - | - | - |
| 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 | - | - | - | - | - | - |
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 | 2,343,905 | 2,354,097 | 2,407,500 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 24.92 x | 6.095 x | 10.49 x | 11.68 x | 11.72 x | 13.7 x | 11.82 x | 10.36 x |
| Free Cash Flow 1 | -23,838 | -6,387 | 109,300 | 128,970 | 149,265 | 241,126 | 224,496 | 176,645 |
| ROE (net income / shareholders' equity) | -33.6% | -225% | 150% | 56.7% | - | -35.5% | -20.1% | -21.6% |
| ROA (Net income/ Total Assets) | -8.9% | -32.4% | -20.6% | -14.2% | -14.6% | -11.1% | -12.2% | -10.8% |
| Assets 1 | 1,641,386 | 2,283,099 | 2,152,043 | 1,987,545 | 2,006,361 | 2,815,940 | 2,205,721 | 2,129,198 |
| Book Value Per Share 2 | 68.30 | 2.080 | -13.30 | -19.30 | -15.30 | -24.30 | -25.80 | -29.00 |
| Cash Flow per Share 2 | 7.620 | 2.700 | 5.440 | 5.410 | 5.430 | 3.390 | 3.870 | 2.960 |
| Capex 1 | 76,519 | 79,662 | 41,500 | 44,900 | 39,422 | 28,518 | 103,477 | 87,279 |
| Capex / Sales | 20.63% | 17.72% | 9.89% | 11.66% | 9.35% | 6.66% | 22% | 16.63% |
| Announcement Date | 5/13/19 | 6/30/20 | 6/30/21 | 5/10/22 | 5/25/23 | - | - | - |
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
17
Last Close Price
12.7
INR
Average target price
8.4
INR
Spread / Average Target
-33.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.62% | 10.11B | |
| +11.03% | 59.52B | |
| -6.11% | 25.44B | |
| -12.85% | 21.26B | |
| +3.36% | 10.41B | |
| +0.74% | 10.17B | |
| +6.14% | 9.41B | |
| -18.63% | 9.21B | |
| +20.81% | 6.68B | |
| 0.00% | 5.4B |
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- Financials Vodafone Idea Limited