Company File · BSE 532822 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Vodafone Idea Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE669E01016 · IDEA · Telecommunication › Telecom - Services
About the business
What does Vodafone Idea do? It is a mobile telecom company that sells services under the Vi brand. It was formed in 2018 by merging Vodafone India & Idea Cellular, & is promoted by the UK's Vodafone group & the Aditya Birla group. The Government of India is now its largest shareholder after converting dues owed to it into equity.
Price & valuation · BSE close, 19 Oct 2026
- Sales growth
- +6.0%
- Op. margin
- 43.1%
- ROCE
- 46.8%
- Promoter
- 25.64%
- Pledged
- 0.00%
From the latest earnings call · Apr to Jun 2026 · transcript filed 18 Aug 2026
Vodafone Idea reported Apr–Jun 2026 revenue of ₹11,689 crore (up 6.0% from a year earlier) & cash EBITDA of ₹2,475 crore (up 13.5%), with positive net subscriber additions for the first time since merger & ARPU growth of 10.2% to ₹195. The company is executing a ₹45,000 crore capex plan over 3 years & targets 3x cash EBITDA growth with 16.8% revenue CAGR.
Guidance on this call: revenue CAGR, 4G tower sites target & 5G tower sites target. The numbers are in the full notes, with Premium.
Is it expensive, and is it a good business?
Key ratios
In short Earns high returns on capital (ROCE 46.8%).
What you pay Valuation
Loss-making over the last 12 months once one-off items are left out.
Loss-making without one-off gains of ₹60,218 crore over the last 12 months, so no P/E.
Latest BSE close ÷ last four quarters' EPS without one-off items: profit before tax & exceptional items, taxed at 25%, for the company's own shareholders, on the share count behind its reported EPS. Used when one-off items come to more than a quarter of 12-month pre-tax profit. As of 19th October 2026.
Share count is not reported in the filings we hold.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 2.9 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 14.3 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
Needs a P/E first.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid no dividend in the last 12 months.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹46.8 before interest & tax.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
Needs four consecutive quarters.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 31st March 2026.
The money actually tied up in running the business (leaving out spare cash) earned about 50.2% after tax.
This company holds a lot of cash, so ROIC (which leaves cash out) is much higher than ROCE.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Every ₹1 of assets generated about ₹0.23 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 31st March 2026.
Operating profit covered interest costs about 3 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th June 2026.
Borrowings not reported separately.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 25.64% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th June 2026.
Promoter holding did not change over the last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th June 2026.
Promoter holding, quarter by quarter
- Jun 202625.64%
- Mar 202625.64%
- Dec 202525.57%
- Sep 202525.57%
Promoters reported no pledged shares.
A further 11.81% of the promoter group's shares is otherwise encumbered (11.81% in all).
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th June 2026.
Pledged, quarter by quarter
- Jun 20260.00%
- Mar 20260.00%
- Dec 20250.00%
- Sep 20250.00%
After paying for new plant & equipment, operations left ₹8,432 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Free cash flow, year by year
- FY26₹8,432 Cr
- FY25₹-714 Cr
Each share has a face (nominal) value of ₹10. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 10834.30 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹1,33,695 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹2,77,419 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹37,406 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th June 2026.
Each share earned about ₹3.45 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 30th June 2026.
Each share is backed by about ₹-3 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹42.7 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th June 2026.
It lost about ₹32.1 on every ₹100 of sales last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Sales were 6.0% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Needs the same quarter from last year with a positive profit.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
Short-term assets cover short-term bills 0.55 times.
Current assets ÷ current liabilities. As of 31st March 2026.
Customers take about 16 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 0 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
1.6% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹0.56 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹1,43,724 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
The company paid about 0.0% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Everything the company owns earned 17.7% in a year.
Last 12 months' profit ÷ average total assets. As of 31st March 2026.
Operating profit before interest, depreciation & tax was ₹19,425 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹10,979 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹1,49,455 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 6.17%.
Foreign institutional holding from the latest shareholding pattern. As of 30th June 2026.
Domestic institutions own 6.07%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th June 2026.
The highest price in the last year was ₹15.78.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 9th September 2026.
The lowest price in the last year was ₹8.14.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 2nd April 2026.
The share price moved 37.9% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 0% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 10834.30 crore, from paid-up capital in the 19th October 2026 filing. Figures are consolidated.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Consolidated
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue from operations | 11,195 | 11,323 | 11,332 | 11,689 |
| EBITDA | 4,685 | 4,817 | 4,889 | 5,034 |
| Operating margin | 41.9% | 42.5% | 43.1% | 43.1% |
| One-off items | +37.6 | +1,078 | +57,491 | +1,611 |
| Profit after tax | -5,524 | -5,286 | 51,970 | -3,754 |
| Profit after tax without one-offs | -5,552 | -6,094 | -5,515 | -4,962 |
| Basic EPS (₹) | -0.51 | -0.49 | 4.80 | -0.35 |
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 24
- 16 Oct 2026Change in Management
- 7 Oct 2026Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
- 7 Oct 2026Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
Quarterly results 3
- 10 Aug 2026Unaudited Financial Results For The First Quarter Ended 30 June 2026
- 10 Aug 2026Board Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results For The First Quarter Ended 30 June 2026Outcome of Board Meeting
- 5 Aug 2026Board Meeting Intimation for Considering The Unaudited Financial Results Of The Company For The First Quarter Ended 30 June 2026
Conference calls 4
- 18 Aug 2026Earnings Call TranscriptOpens the call notes & transcript
- 12 Aug 2026Analyst / Investor Meet - Intimation
- 11 Aug 2026Analyst / Investor Meet - Outcome
Investor presentations 1
- 15 Sep 2026Investor Presentation
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