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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532822 | NSE: IDEA

Fundamental Analysis of Vodafone Idea Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:16 pm

Market Cap 64,655 Cr.
Current Price 12.9
High / Low18.4/6.14
Stock P/E
Book Value 18.7
Dividend Yield0.00 %
ROCE3.82 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Vodafone Idea Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Reliance Communications Ltd 470 Cr. 1.702.49/1.00 2820.00 %%% 5.00
Tejas Networks Ltd 13,251 Cr. 776940/618 1770.00 %1.20 %1.62 % 10.0
Bharti Airtel Ltd 7,06,021 Cr. 1,1941,245/75361.9 1380.34 %12.3 %12.0 % 5.00
Uniinfo Telecom Services Ltd 37.6 Cr. 35.257.0/19.014.7 31.00.00 %3.09 %1.91 % 10.0
Mahanagar Telephone Nigam Ltd 2,192 Cr. 34.852.4/18.2 3530.00 %7.04 %% 10.0
Industry Average144,394.32 Cr408.3415.32196.200.07%4.73%3.11%8.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales10,8949,6089,1529,4069,71710,24010,41010,61510,62110,53210,65610,71610,673
Expenses6,6085,1995,4455,5445,9015,5906,0826,5176,4406,3226,4996,4356,324
Operating Profit4,2864,4083,7083,8633,8164,6494,3284,0974,1814,2104,1564,2824,349
OPM %39%46%41%41%39%45%42%39%39%40%39%40%41%
Other Income1,793-934212432119849638712134780
Interest4,7874,7075,2285,1115,3255,3165,9016,1296,3235,0026,3986,5696,518
Depreciation5,8245,8106,0105,9235,7395,9135,8045,6565,8865,7045,6165,6675,598
Profit before tax-4,532-7,042-7,319-7,128-7,226-6,561-7,293-7,591-7,990-6,424-7,837-7,920-6,987
Tax %0%0%-0%-0%-0%-0%-0%-0%-0%0%-0%-10%0%
Net Profit-4,532-7,023-7,319-7,132-7,231-6,563-7,297-7,596-7,990-6,419-7,840-8,738-6,986
EPS in Rs-1.58-2.44-2.55-2.48-2.52-2.04-2.27-2.36-2.49-1.32-1.61-1.79-1.44

Last Updated: April 10, 2024, 5:20 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 4:42 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales19,48922,40726,51931,57135,94935,57628,27937,09244,95841,95238,51642,17742,577
Expenses14,44016,43918,23720,77124,28125,34822,22432,97630,04225,00622,54725,42425,579
Operating Profit5,0485,9698,28210,80011,66810,2276,0544,11614,91616,94615,96816,75316,998
OPM %26%27%31%34%32%29%21%11%33%40%41%40%40%
Other Income441312474976417467031,789-36,964-19,563363354908
Interest1,0561,0459661,0601,8034,0104,8479,54515,39317,99820,98123,35424,487
Depreciation2,9813,4784,5195,3046,2567,8278,40914,53624,35623,63823,58423,05022,586
Profit before tax1,0551,5773,0444,9334,250-863-6,499-18,175-61,797-44,253-28,234-29,298-29,168
Tax %31%36%35%35%36%54%36%20%-20%0%-0%-0%
Net Profit7231,0111,9683,1932,728-400-4,168-14,604-73,878-44,233-28,245-29,301-29,983
EPS in Rs0.660.931.802.702.30-0.34-2.91-5.08-25.71-15.39-8.79-6.02-6.16
Dividend Payout %0%10%7%7%8%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)39.83%94.66%62.25%-14.56%-114.66%-942.00%-250.38%-405.88%40.13%36.14%-3.74%
Change in YoY Net Profit Growth (%)0.00%54.82%-32.41%-76.81%-100.10%-827.34%691.62%-155.49%446.00%-3.98%-39.88%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:-2%
TTM:2%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:10%
TTM:-4%
Stock Price CAGR
10 Years:-17%
5 Years:-6%
3 Years:14%
1 Year:114%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: April 16, 2024, 6:13 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3,3093,3143,3203,5983,6013,6054,3598,73628,73528,73532,11948,68048,680
Reserves9,73910,98913,20519,42919,95021,12722,90350,899-22,756-66,963-94,084-123,039-139,623
Preference Capital222000000000
Borrowings13,33714,04420,63526,85940,54155,05557,985125,940114,996201,720213,761237,766240,651
Other Liabilities6,2508,0319,39710,58016,03416,88113,26444,078105,94239,98642,23343,83647,720
Total Liabilities32,63536,37846,55760,46780,12696,66898,511229,652226,918203,478194,029207,243197,429
Fixed Assets26,99429,16029,60235,54065,19076,76379,692177,800185,836167,490156,819156,255166,169
CWIP68088111,4195,1416,0407,5353,5855,1031,13860636417,876494
Investments981,02821611,5273,4716,3787,2908,2391,9794564
Other Assets4,8645,3095,3218,2605,4255,9917,94438,51137,96435,37836,84133,10530,762
Total Assets32,63536,37846,55760,46780,12696,66898,511229,652226,918203,478194,029207,243197,429

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3,8186,2978,21910,41810,94910,4765,3325,3487,32815,64017,38718,869
Cash from Investing Activity -4,685-3,411-6,565-5,726-2,389-15,556-9,303-1,640-2,6981,075-5,730-5,414
Cash from Financing Activity -361-1,965-2,4668,028-9,3304,5063,925-2,949-5,019-16,731-10,554-14,680
Net Cash Flow-1,228921-81112,720-770-574-46758-389-171,103-1,224

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow3.003.006.0010.0011.0010.006.004.0014.0016.0015.0016.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days151611111213113225222319
Inventory Days
Days Payable
Cash Conversion Cycle151611111213113225222319
Working Capital Days-83-89-82-171-117-148-91-389-667-184-203-204
ROCE %8%10%12%14%11%4%-2%-8%-5%-4%-5%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters72.05%72.05%72.05%72.05%74.99%74.99%74.99%74.99%50.36%50.36%50.36%50.36%
FIIs4.60%4.29%4.04%4.20%3.57%3.48%3.53%3.59%2.28%2.29%2.46%2.27%
DIIs1.07%1.30%1.54%1.37%1.71%1.56%0.62%1.21%0.54%0.73%1.80%3.05%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.06%33.18%33.18%33.18%33.18%
Public22.28%22.36%22.37%22.38%19.72%19.97%20.80%20.14%13.64%13.44%12.19%11.14%
No. of Shareholders15,91,98617,48,69718,91,87721,47,65326,85,98728,22,60329,21,87129,68,30831,38,33831,88,35631,04,41031,24,128

Shareholding Pattern Chart

No. of Shareholders

Vodafone Idea Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Invesco India Arbitrage Fund1828800002.46292.61
SBI Arbitrage Opportunities Fund1908000001.03273.8
Nippon India Arbitrage Fund1348800001.48193.55
Edelweiss Arbitrage Fund865600001.53124.21
UTI Arbitrage Fund572800001.8482.2
Axis Arbitrage Fund468800001.7667.27
HSBC Arbitrage Fund184000001.2826.4
DSP Arbitrage Fund141600000.5420.32
SBI Equity Savings Fund96000000.3513.78
DSP Equity Savings Fund52800000.957.58

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-8.43-9.83-15.40-27.26-21.16
Diluted EPS (Rs.)-8.43-9.83-15.40-27.26-21.16
Cash EPS (Rs.)-1.28-1.45-7.25-17.36-0.30
Book Value[Excl.RevalReserv]/Share (Rs.)-15.28-19.29-13.302.0868.27
Book Value[Incl.RevalReserv]/Share (Rs.)-15.28-19.29-13.302.0868.27
Revenue From Operations / Share (Rs.)8.6611.9914.6015.6542.46
PBDIT / Share (Rs.)3.525.035.965.555.46
PBIT / Share (Rs.)-1.22-2.31-2.27-2.92-11.17
PBT / Share (Rs.)-6.02-8.79-15.48-21.63-21.03
Net Profit / Share (Rs.)-6.02-8.79-15.47-25.83-16.94
NP After MI And SOA / Share (Rs.)-6.02-8.79-15.39-25.71-16.72
PBDIT Margin (%)40.6141.9740.8035.4812.87
PBIT Margin (%)-14.03-19.26-15.53-18.69-26.31
PBT Margin (%)-69.46-73.30-106.03-138.24-49.53
Net Profit Margin (%)-69.47-73.33-105.98-165.11-39.90
NP After MI And SOA Margin (%)-69.47-73.33-105.43-164.32-39.37
Return on Networth / Equity (%)0.000.000.00-1235.44-24.48
Return on Capital Employeed (%)-4.02-5.58-4.75-6.40-5.56
Return On Assets (%)-14.13-14.55-21.73-32.55-6.35
Long Term Debt / Equity (X)-0.01-2.84-4.1216.101.75
Total Debt / Equity (X)-0.17-3.08-4.1216.111.82
Asset Turnover Ratio (%)0.200.190.190.190.22
Current Ratio (X)0.230.270.210.170.33
Quick Ratio (X)0.230.270.210.170.33
Interest Coverage Ratio (X)0.730.770.951.040.50
Interest Coverage Ratio (Post Tax) (X)-0.25-0.35-0.36-1.33-0.65
Enterprise Value (Cr.)40707.19218512.10181779.25102586.31123387.91
EV / Net Operating Revenue (X)0.965.674.332.283.33
EV / EBITDA (X)2.3813.5210.626.4325.85
MarketCap / Net Operating Revenue (X)0.670.800.630.190.42
Price / BV (X)-0.38-0.50-0.691.490.26
Price / Net Operating Revenue (X)0.670.800.630.190.42
EarningsYield-1.03-0.90-1.66-8.27-0.92

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 42.92

The stock is undervalued by 232.69% compared to the current price ₹12.9

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -202.33, which is a positive sign.
  1. The stock has a low average ROCE of 2.58%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 17.50, which may not be favorable.
  3. The company has higher borrowings (0.46) compared to reserves (-21,401.85), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (33.85) and profit (-81.92).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Vodafone Idea Ltd:
    1. Net Profit Margin: -69.47%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -4.02% (Industry Average ROCE: 4.87%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0.00% (Industry Average ROE: 3.02%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.25
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.23
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E of N/A (Industry average Stock P/E: 24)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: -0.17
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★☆☆☆☆

About the Company

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 Telecommunications. Company’s Total Operating Revenue is Rs. 38220.70 Cr. and Equity Capital is Rs. 32118.80 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Telecom ServicesSuman Tower, Plot No. 18, Gandhinagar Gujarat 382011shs@vodafoneidea.com
https://www.myvi.in
Management
NamePosition Held
Mr. Ravinder TakkarNon Executive Chairman
Mr. Himanshu KapaniaNon Executive Director
Mr. Sunil SoodNon Executive Director
Mr. Sushil AgarwalNon Executive Director
Mr. Sateesh KamathNon Executive Director
Mr. Kumar Mangalam BirlaNon Executive Director
Mr. Anjani AgrawalIndependent Director
Mr. Arun Kumar AdhikariIndependent Director
Mr. Ashwani WindlassIndependent Director
Ms. Neena GuptaIndependent Director
Mr. Krishnan RamachandranIndependent Director
Mr. Suresh Choithram VaswaniIndependent Director

Vodafone Idea Ltd. Share Price Update

Share PriceValue
Today₹12.92
Previous Day₹13.20

FAQ

What is the latest fair value of Vodafone Idea Ltd?

The latest fair value of Vodafone Idea Ltd is 42.92.

What is the Market Cap of Vodafone Idea Ltd?

The Market Cap of Vodafone Idea Ltd is 64,655 Cr..

What is the current Stock Price of Vodafone Idea Ltd as on 19 April 2024?

The current stock price of Vodafone Idea Ltd as on 19 April 2024 is 12.9.

What is the High / Low of Vodafone Idea Ltd stocks in FY 2024?

In FY 2024, the High / Low of Vodafone Idea Ltd stocks is ₹18.4/6.14.

What is the Stock P/E of Vodafone Idea Ltd?

The Stock P/E of Vodafone Idea Ltd is .

What is the Book Value of Vodafone Idea Ltd?

The Book Value of Vodafone Idea Ltd is 18.7.

What is the Dividend Yield of Vodafone Idea Ltd?

The Dividend Yield of Vodafone Idea Ltd is 0.00 %.

What is the ROCE of Vodafone Idea Ltd?

The ROCE of Vodafone Idea Ltd is 3.82 %.

What is the ROE of Vodafone Idea Ltd?

The ROE of Vodafone Idea Ltd is %.

What is the Face Value of Vodafone Idea Ltd?

The Face Value of Vodafone Idea Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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