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Swing Capital

Vodafone Idea Ltd

NSE: IDEA BSE: 532822Telecom

Vodafone Idea is one of the leading telecom service providers in India. The Company is engaged in the business of Mobility and Long Distance services, trading of handsets and data cards.[1]

₹12.7
52W: ₹6.12 — ₹13.3
PE 0 · Book ₹3.26 · +290% vs book
Market Cap₹1,38,029 Cr
Stock P/E—Price to Earnings
ROCE1.81%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 1.27% over past five years.
  • −Earnings include an other income of Rs.59,248 Cr.
  • −Promoter holding has decreased over last 3 years: -24.7%

Shareholding Pattern

Promoters25.64%
FIIs5.56%
DIIs6.19%
Public13.57%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters38.17%37.32%▼0.937.32%38.8%▲1.525.57%▼13.225.57%25.57%25.64%▲0.1
FIIs12.67%12.69%▲0.010.17%▼2.510.1%▼0.15.98%▼4.15.99%▲0.05.99%5.56%▼0.4
DIIs7.44%4.86%▼2.64.28%▼0.64.9%▲0.64.14%▼0.84.74%▲0.65.59%▲0.86.19%▲0.6
Public17.89%21.94%▲4.125.05%▲3.123.55%▼1.515.28%▼8.314.69%▼0.613.83%▼0.913.57%▼0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales10,59410,50010,41210,84111,02410,88010,90611,06811,21411,197
Expenses6,3946,3386,4046,4916,4716,4606,5506,6116,6126,544
Operating Profit4,2004,1624,0084,3514,5534,4204,3554,4574,6024,653
OPM %40%40%38%40%41%41%40%40%41%42%
Net Profit-6,991-7,679-6,471-7,210-6,493-7,268-6,633-5,584-5,32452,022
EPS ₹-1.44-1.53-0.95-1.03-0.93-1.02-0.61-0.52-0.494.8

AI Insights

Revenue Trend

Mar 2026 revenue at ₹44,385Cr, up 2.8% YoY. OPM at 41%.

Debt Position

Borrowings at ₹1,89,337Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.

Capex Cycle

CWIP at ₹1,172Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 6.19% (+5.46pp change). FIIs: 5.56% (+3.27pp change). Promoters hold 25.64%.

Margin & Efficiency

ROCE declining from 12% (Mar 2015) to -2% (Mar 2026). Working capital days: -190.

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