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Last Updated: April 2, 2026, 3:55 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532822 | NSE: IDEA

Vodafone Idea Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹13.97Undervalued by 61.69%vs CMP ₹8.64

P/E (15.0) × ROE (15.0%) × BV (₹7.61) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹14.74Undervalued by 70.60%vs CMP ₹8.64
MoS: +41.4% (Strong)Confidence: 38/100 (Low)Models: 2 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹20.7244%Under (+139.8%)
EV/EBITDAEnterprise₹15.4129%Under (+78.4%)
Revenue MultipleRevenue₹4.0226%Over (-53.5%)
Consensus (3 models)₹14.74100%Undervalued
Key Drivers: EPS CAGR 48.3% lifts DCF — verify sustainability. | Wide model spread (₹4–₹21) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 48.3% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

40
Vodafone Idea Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health26/100 · Weak
ROCE 1.9% WeakROE 0.0% WeakD/E -4.12 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money45/100 · Moderate
FII holding down -4.11% (6mo) SellingDII holding up 0.69% MF buyingPromoter holding at 25.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 41% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): 3% YoY Flat
Industry Rank35/100 · Weak
ROCE 1.9% vs industry 14.5% Below peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:55 am

Market Cap 93,608 Cr.
Current Price 8.64
Intrinsic Value₹14.74
High / Low 12.8/6.12
Stock P/E
Book Value 7.61
Dividend Yield0.00 %
ROCE1.93 %
ROE%
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Vodafone Idea Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Vodafone Idea Ltd 93,608 Cr. 8.64 12.8/6.12 7.610.00 %1.93 %% 10.0
Tata Communications Ltd 39,621 Cr. 1,390 2,004/1,34234.6 99.91.80 %14.8 %55.2 % 10.0
Tejas Networks Ltd 7,466 Cr. 420 914/294 1870.60 %15.5 %12.8 % 10.0
Tata Teleservices (Maharashtra) Ltd 6,879 Cr. 35.2 81.2/30.1 1010.00 %50.3 %% 10.0
Mahanagar Telephone Nigam Ltd 1,519 Cr. 24.1 58.2/20.3 4570.00 %6.76 %% 10.0
Industry Average154,437.75 Cr288.7835.80148.490.25%14.53%16.28%8.54

All Competitor Stocks of Vodafone Idea Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 10,62110,53210,65610,71610,67310,60710,50810,93211,11711,01411,02211,19511,323
Expenses 6,4406,3226,4996,4356,3246,2746,3046,3836,4056,3546,4106,5116,506
Operating Profit 4,1814,2104,1564,2824,3494,3334,2054,5504,7124,6604,6124,6844,817
OPM % 39%40%39%40%41%41%40%42%42%42%42%42%43%
Other Income 38712134780322563002502171421401,271
Interest 6,3235,0026,3986,5696,5186,2805,5196,6145,9406,4715,8934,7845,828
Depreciation 5,8865,7045,6165,6675,5985,7515,3695,4045,6295,5715,4725,5675,550
Profit before tax -7,990-6,424-7,837-7,920-6,987-7,666-6,427-7,168-6,607-7,166-6,611-5,527-5,290
Tax % 0%-0%0%10%-0%0%0%0%0%0%-0%-0%-0%
Net Profit -7,990-6,419-7,840-8,738-6,986-7,675-6,432-7,176-6,609-7,166-6,608-5,524-5,286
EPS in Rs -2.49-1.32-1.61-1.79-1.44-1.53-0.95-1.03-0.95-1.00-0.61-0.51-0.49

Last Updated: February 3, 2026, 3:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 26,51931,57135,94935,57628,27937,09244,95841,95238,51642,17742,65243,57144,554
Expenses 18,23720,77124,28125,34822,22432,97630,04225,00622,54725,42425,58025,52325,781
Operating Profit 8,28210,80011,66810,2276,0544,11614,91616,94615,96816,75317,07218,04918,773
OPM % 31%34%32%29%21%11%33%40%41%40%40%41%42%
Other Income 2474976417467031,789-36,964-19,5633633549171,1001,770
Interest 9661,0601,8034,0104,8479,54515,39317,99820,98123,35425,76624,54322,976
Depreciation 4,5195,3046,2567,8278,40914,53624,35623,63823,58423,05022,63421,97322,160
Profit before tax 3,0444,9334,250-863-6,499-18,175-61,797-44,253-28,234-29,298-30,410-27,368-24,594
Tax % 35%35%36%-54%-36%-20%20%-0%0%0%3%0%
Net Profit 1,9683,1932,728-400-4,168-14,604-73,878-44,233-28,245-29,301-31,238-27,383-24,584
EPS in Rs 1.802.702.30-0.34-2.91-5.08-25.71-15.39-8.79-6.02-6.23-3.84-2.61
Dividend Payout % 7%7%8%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)62.25%-14.56%-114.66%-942.00%-250.38%-405.88%40.13%36.14%-3.74%-6.61%12.34%
Change in YoY Net Profit Growth (%)0.00%-76.81%-100.10%-827.34%691.62%-155.49%446.00%-3.98%-39.88%-2.87%18.95%

Vodafone Idea Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:-1%
3 Years:4%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:6%
3 Years:1%
TTM:10%
Stock Price CAGR
10 Years:-23%
5 Years:-11%
3 Years:-10%
1 Year:-56%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: March 3, 2026, 12:19 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3,3203,5983,6013,6054,3598,73628,73528,73532,11948,68050,12071,393108,343
Reserves 13,20519,42919,95021,12722,90350,899-22,756-66,963-94,084-123,039-154,287-141,713-190,803
Borrowings 20,63726,85940,54155,05557,985125,940114,996201,720213,761237,766243,809233,229233,242
Other Liabilities 9,39610,58016,03416,88113,26444,078105,94239,98642,23343,83645,35534,94637,766
Total Liabilities 46,55760,46780,12696,66898,511229,652226,918203,478194,029207,243184,997197,855188,548
Fixed Assets 29,60235,54065,19076,76379,692177,800185,836167,490156,819156,255140,125141,320156,298
CWIP 11,4195,1416,0407,5353,5855,1031,13860636417,87618,18918,212946
Investments 21611,5273,4716,3787,2908,2391,9794560-0226
Other Assets 5,3218,2605,4255,9917,94438,51137,96435,37836,84133,10526,68338,32331,078
Total Assets 46,55760,46780,12696,66898,511229,652226,918203,478194,029207,243184,997197,855188,548

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8,21910,41810,94910,4765,3325,3487,32815,64017,38718,86920,8269,291
Cash from Investing Activity + -6,565-5,726-2,389-15,556-9,303-1,640-2,6981,075-5,730-5,414-1,907-16,248
Cash from Financing Activity + -2,4668,028-9,3304,5063,925-2,949-5,019-16,731-10,554-14,680-18,9807,047
Net Cash Flow -81112,720-770-574-46758-389-171,103-1,224-6189
Free Cash Flow 4,5746,2603,8245,144-3,269-2,238-47410,53411,39513,33219,296-931
CFO/OP 107%107%101%109%95%123%33%88%100%105%105%49%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-12.00-16.00-29.00-45.00-51.00-121.00-100.00-185.00-198.00-221.00-226.00-215.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 111112131132252223191917
Inventory Days
Days Payable
Cash Conversion Cycle 111112131132252223191917
Working Capital Days -91-174-134-148-92-430-667-474-453-407-358-294
ROCE %12%14%11%4%-2%-8%-5%-4%-5%-4%-4%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 50.36%50.36%50.36%50.36%48.91%38.17%37.32%37.32%38.80%25.57%25.57%25.57%
FIIs 2.28%2.29%2.46%2.27%1.97%12.67%12.69%10.17%10.10%5.98%5.99%5.99%
DIIs 0.54%0.73%1.80%3.05%2.20%7.44%4.86%4.28%4.90%4.14%4.74%5.59%
Government 33.18%33.18%33.18%33.18%32.23%23.80%23.18%23.18%22.63%49.02%49.02%49.02%
Public 13.64%13.44%12.19%11.14%14.69%17.89%21.94%25.05%23.55%15.28%14.69%13.83%
No. of Shareholders 31,38,33831,88,35631,04,41031,24,12836,79,06147,58,35453,69,11459,76,50760,54,75561,82,20861,55,52660,11,025

Shareholding Pattern Chart

No. of Shareholders

Vodafone Idea Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Arbitrage Fund 259,668,675 1.29 274.99246,874,6502026-03-11 06:26:475.18%
DSP Arbitrage Fund 142,306,725 2.18 150.7140,376,9002026-03-11 07:12:311.37%
UTI Arbitrage Fund 134,587,425 1.29 142.53143,879,1752026-03-11 07:12:31-6.46%
Edelweiss Mid Cap Fund 100,402,481 0.74 106.3388,513,5552026-02-22 00:12:3713.43%
ICICI Prudential Equity Savings Fund 99,993,525 0.59 105.89100,000,0002026-01-26 00:41:07-0.01%
Mahindra Manulife Small Cap Fund 70,350,000 1.83 74.5N/AN/AN/A
Mahindra Manulife Multi Cap Fund 61,500,000 1.05 65.13N/AN/AN/A
DSP Equity Savings Fund 54,321,000 1.53 57.535,280,0002025-11-03 14:29:15928.81%
HDFC Large and Mid Cap Fund 53,497,070 0.2 56.65N/AN/AN/A
Aditya Birla Sun Life Balanced Advantage Fund 47,888,250 0.56 50.71N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -4.01-6.41-8.43-9.83-15.40
Diluted EPS (Rs.) -4.01-6.41-8.43-9.83-15.40
Cash EPS (Rs.) -0.75-1.72-1.28-1.45-7.25
Book Value[Excl.RevalReserv]/Share (Rs.) -9.85-20.78-15.28-19.29-13.30
Book Value[Incl.RevalReserv]/Share (Rs.) -9.85-20.78-15.28-19.29-13.30
Revenue From Operations / Share (Rs.) 6.108.518.6611.9914.60
PBDIT / Share (Rs.) 2.683.443.525.035.96
PBIT / Share (Rs.) -0.39-1.08-1.22-2.31-2.27
PBT / Share (Rs.) -3.83-6.07-6.02-8.79-15.48
Net Profit / Share (Rs.) -3.84-6.23-6.02-8.79-15.47
NP After MI And SOA / Share (Rs.) -3.84-6.23-6.02-8.79-15.39
PBDIT Margin (%) 43.9440.4140.6141.9740.80
PBIT Margin (%) -6.48-12.64-14.03-19.26-15.53
PBT Margin (%) -62.81-71.28-69.46-73.30-106.03
Net Profit Margin (%) -62.85-73.22-69.47-73.33-105.98
NP After MI And SOA Margin (%) -62.84-73.24-69.47-73.33-105.43
Return on Capital Employeed (%) -1.98-4.12-4.02-5.58-4.75
Return On Assets (%) -13.83-16.88-14.13-14.55-21.73
Long Term Debt / Equity (X) -2.60-1.95-0.01-2.84-4.12
Total Debt / Equity (X) -2.79-1.99-0.17-3.08-4.12
Asset Turnover Ratio (%) 0.220.210.200.190.19
Current Ratio (X) 0.550.230.230.270.21
Quick Ratio (X) 0.550.230.230.270.21
Inventory Turnover Ratio (X) 37888.090.000.000.000.00
Interest Coverage Ratio (X) 0.780.660.730.770.95
Interest Coverage Ratio (Post Tax) (X) -0.11-0.24-0.25-0.35-0.36
Enterprise Value (Cr.) 234346.33273452.2240707.19218512.10181779.25
EV / Net Operating Revenue (X) 5.386.410.965.674.33
EV / EBITDA (X) 12.2415.862.3813.5210.62
MarketCap / Net Operating Revenue (X) 1.121.560.670.800.63
Price / BV (X) -0.69-0.63-0.38-0.50-0.69
Price / Net Operating Revenue (X) 1.121.560.670.800.63
EarningsYield -0.56-0.47-1.03-0.90-1.66

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Vodafone Idea Ltd. is a Public Limited Listed company incorporated on 14/03/1995 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L32100GJ1996PLC030976 and registration number is 030976. Currently Company is involved in the business activities of Wireless telecommunications activities. Company's Total Operating Revenue is Rs. 43157.30 Cr. and Equity Capital is Rs. 71393.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Telecom ServicesSuman Tower, Plot No. 18, Gandhinagar Gujarat 382011Contact not found
Management
NamePosition Held
Mr. Ravinder TakkarNon Executive Chairman
Mr. Himanshu KapaniaNon Executive Director
Mr. Sunil SoodNon Executive Director
Mr. Sushil AgarwalNon Executive Director
Mr. Selcuk KaracayNon Executive Director
Mr. Kumar Mangalam BirlaNon Executive Director
Mr. Anjani AgrawalIndependent Director
Mr. Sunirmal TalukdarIndependent Director
Mr. Ashwani WindlassIndependent Director
Ms. Neena GuptaIndependent Director
Mr. Rajat JainIndependent Director
Mr. Suresh VaswaniIndependent Director

FAQ

What is the intrinsic value of Vodafone Idea Ltd and is it undervalued?

As of 13 April 2026, Vodafone Idea Ltd's intrinsic value is ₹14.74, which is 70.60% higher than the current market price of ₹8.64, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹7.61), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vodafone Idea Ltd?

Vodafone Idea Ltd is trading at ₹8.64 as of 13 April 2026, with a FY2026-2027 high of ₹12.8 and low of ₹6.12. The stock is currently in the middle of its 52-week range. Market cap stands at ₹93,608 Cr..

How does Vodafone Idea Ltd's P/E ratio compare to its industry?

Vodafone Idea Ltd has a P/E ratio of , which is below the industry average of 35.80. This is broadly in line with or below the industry average.

Is Vodafone Idea Ltd financially healthy?

Key indicators for Vodafone Idea Ltd: ROCE of 1.93 % is on the lower side compared to the industry average of 14.53%; ROE of % is below ideal levels (industry average: 16.28%). Dividend yield is 0.00 %.

Is Vodafone Idea Ltd profitable and how is the profit trend?

Vodafone Idea Ltd reported a net profit of ₹-27,383 Cr in Mar 2025 on revenue of ₹43,571 Cr. Compared to ₹-28,245 Cr in Mar 2022, the net profit shows a mixed trend.

Does Vodafone Idea Ltd pay dividends?

Vodafone Idea Ltd has a dividend yield of 0.00 % at the current price of ₹8.64. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vodafone Idea Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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