IDEA · NSE

Vodafone Idea Limited

₹13.92

-2.11% (-₹0.3)

Prev. close

₹14.22

Volume

35,03,66,817

Delivery %

48.9%

As of

18 Sept 2026

Price history

Neutral

Piyush Pandey · Centrum India · 09 Jan 2026

Piyush Pandey of Centrum India maintains a neutral rating on Vodafone Idea, setting a target price of ₹10 per share. He believes much of the optimism regarding government relief is already reflected in the stock's recent run-up. While the relief provides breathing room, significant challenges remain, including hefty spectrum dues and the need for substantial fund-raising and potential tariff hikes. Future stock performance hinges on the company's execution in raising capital, ramping up 4G/5G capex, and stemming customer losses, which could act as triggers for re-rating.

Published mid-session at 13:24 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.

Target ₹10HITCall pageClear
₹13.92+₹2.66 (+23.62%) · CALL
12 Jan 202618 Sept 2026
₹15.6₹8.53Target ₹10Entry ₹11.2612 Jan13 Mar18 May15 Jul18 Sept
Piyush Pandey's call · 09 Jan 2026

Analyst sentiment

Analysts are split

4 analyst stances · last 90 days · one per analyst

Trackable

2 · 1 bull / 1 neutral / 0 bear

Long-Horizon

none in window

Commentary

2 · 2 bull / 0 neutral / 0 bear

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 75% (3)Neutral 25% (1)Bearish 0% (0)
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Analyst opinions

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Market commentary · 2 · levels, conditionals, previews, macro & hedged views — context, not graded
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Fundamentals

About Vodafone Idea Limited

Vodafone Idea Limited, together with its subsidiaries, provides telecommunication services to individuals, communities, and businesses in India. The company offers voice services, such as 4G VoLTE and Voice over WIFI calling; broadband data services on 4G and/or 5G technology; and content and digital products and services, including subscription, digital advertising, gaming, digital marketplace, and utility bill payment app, as well as other value-added services (VAS), caller tunes, missed call alert, and voice and short messaging services; and long distance and internet service provider services. It also engages in renting of passive infrastructure to telecommunication service providers; business of prepaid payment instruments (PPI) and business correspondence; outsourcing backend IT support, data centre operations, and hosting; and provision of high-speed broadband internet access through cable network and high bandwidth internet broadband, and manpower services. In addition, the company trades in mobile handsets, data cards, telecommunication hardware, and related accessories and services; provision of outsourcing services for finance and accounts, human resources, supply chain management, credit and collection support, and customer support; and caters to the information technology (IT) needs for data consolidation. Further, it offers technology, software, hardware, value added services (VAS), application software, and contents and related products and services, which facilitate and develop access to IT enabled VAS products and services on single or multiple platforms or operating systems; mobile wallet and money transfer services; and data centre related services and IT solutions, including E-SIMs activation, as well as prepaid and postpaid plans. The company was formerly known as Idea Cellular Limited and changed its name to Vodafone Idea Limited in August 2018. Vodafone Idea Limited was incorporated in 1995 and is based in Mumbai, India.

Details

Sector

Communication Services

Industry

Telecom Services

CEO

Mr. Abhijit Kishore

Headquarters

Mumbai

Employees

9,500

Website

myvi.in

Key stats

Market cap

₹1.54 L Cr

P/E ratio (TTM)

4.1

EPS (TTM)

₹3.48

Beta (1Y · daily vs NIFTY 50)

1.29

Beta (5Y · monthly vs NIFTY 50)

1.24

Shares float

2,674.77 Cr

EPS · quarter ended Jun 2026

₹-0.35

Upcoming earnings

13 Nov 2026

Financial Performance

01 · Financials

-1 L Cr0 L Cr1 L Cr-10%-5%0%5%10%FY21FY22FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.1% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

-20-10010FY21FY22FY23FY24FY25FY26

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-1000%0%1000%2000%FY21FY22FY23FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 L Cr1 L Cr2 L Cr3 L Cr0.1×0.2×0.3×FY21FY22FY23FY24FY25FY26
Total assetsTotal debtAsset turnover

Debt/equity omitted where reported equity was zero or negative. Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 L Cr1 L Cr2 L Cr3 L CrFY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-2 L Cr0 L Cr2 L Cr4 L CrFY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹41,952.20 Cr₹38,515.50 Cr₹42,177.20 Cr₹42,554.90 Cr₹43,571.30 Cr₹44,873.00 Cr
EBITDA₹17,119.90 Cr₹16,165.50 Cr₹16,549.40 Cr₹17,766.70 Cr₹18,919.00 Cr₹78,183.00 Cr
₹-44,233.10 Cr₹-28,245.40 Cr₹-29,301.10 Cr₹-31,238.40 Cr₹-27,383.40 Cr₹34,552.00 Cr
Diluted EPS₹-15.4₹-9.83₹-8.43₹-6.41₹-4.01₹3.21

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹2.03 L Cr₹1.94 L Cr₹2.07 L Cr₹1.85 L Cr₹1.98 L Cr₹1.92 L Cr
₹2.38 L Cr₹2.44 L Cr₹2.33 L Cr₹1.93 L Cr
Stockholders' equity₹-38,228.00 Cr₹-61,965.00 Cr₹-74,359.00 Cr₹-1.04 L Cr₹-70,320.00 Cr₹-35,758.00 Cr

Current assets, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹15,640.00 Cr₹17,387.00 Cr₹18,869.00 Cr₹20,826.00 Cr₹9,290.00 Cr₹19,411.00 Cr
Investing cash flow₹1,075.10 Cr₹-5,730.30 Cr₹-5,413.60 Cr₹-1,906.80 Cr₹-15,285.00 Cr₹-1,948.00 Cr
₹-16,731.00 Cr₹-10,554.00 Cr₹-14,680.00 Cr₹-18,980.00 Cr₹7,047.00 Cr₹-11,458.00 Cr
Capital expenditure₹-4,709.70 Cr₹-6,008.90 Cr₹-5,622.20 Cr₹-1,613.90 Cr₹-10,250.00 Cr₹-10,979.00 Cr
End cash position₹350.30 Cr₹1,453.20 Cr₹228.80 Cr₹167.80 Cr₹219.00 Cr₹2,058.00 Cr

Annual only — the data source has no quarterly cash-flow-statement coverage.

11 · Shareholding Pattern

NSE, quarterly

Line itemSep 21Dec 21(2Q)Mar 22Dec 22(4Q)Feb 23Mar 23Dec 23(4Q)Mar 24Mar 24(2Q)Apr 24May 24Jun 24(2Q)Jul 24Sep 24Dec 24(2Q)Jan 25Mar 25(2Q)Apr 25Dec 25(4Q)Mar 26Jun 26(2Q)
Promoter72.05%74.99%49.92%50.36%48.91%36.87%38.17%37.17%37.32%38.80%25.57%25.64%
Public27.95%25.01%50.08%49.64%51.09%63.13%61.83%62.83%62.68%61.20%74.43%74.36%
Employee trusts0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.

12 · Peer Comparison

Communication Services

Company
Bharti Airtel Limited₹11.45 L Cr₹1,893.338.37.6817.9%1.31+22.0%-2.5%
Vodafone Idea Limited₹1.62 L Cr₹14.974.3+3.1%+83.9%
Indus Towers Limited₹99,053.33 Cr₹381.3514.02.5018.0%0.53+7.9%+7.6%
Info Edge (India) Limited₹81,938.81 Cr₹1,251.251.42.163.8%0.01+15.3%-9.6%
Bharti Hexacom Limited₹73,965.00 Cr₹1,481.140.610.3224.2%0.82+9.4%-14.2%
Tata Communications Limited₹51,013.22 Cr₹1,791.652.314.8029.1%3.55+7.8%+5.8%
Prime Focus Limited₹24,955.81 Cr₹334.95228.911.9510.5%2.74+29.7%+78.4%
Affle 3i Limited₹21,603.66 Cr₹1,545.645.45.9212.5%0.00+19.6%-28.0%
Sun TV Network Limited₹18,458.92 Cr₹451.712.11.4611.4%0.01+7.8%-19.3%
Nazara Technologies Limited₹13,947.15 Cr₹369.3515.74.022.8%0.06+12.6%-66.6%
PVR INOX Limited₹12,497.91 Cr₹1,324.744.71.694.5%0.92+16.8%+17.5%
Saregama India Limited₹9,597.97 Cr₹489.2543.45.6712.2%0.04-18.2%-0.9%

Ranked by market cap within Communication Services, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.

Index membership

49 indices

NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.

IDEA

Vodafone Idea Fined Rs 2 Lakh By Trai For QoS Breach

Vodafone Idea (Vi) was fined Rs 2 lakh by the Telecom Regulatory Authority of India (Trai) for failing to meet Quality of Service standards in October 2025. The company disclosed the order on September 15, stating the financial impact is limited to the disincentive. This comes amid broader regulatory scrutiny of service quality in India's telecom sector.

IDEA

Vodafone Idea shares drop 3%: TRAI to examine Airtel, Jio concerns over customer switching

Vodafone Idea shares dropped 3% after TRAI announced it would examine concerns from Bharti Airtel and Reliance Jio. The rival operators allege Vodafone Idea is nudging customers to switch networks through specific tariff benefits. TRAI stated it will review the representations received from the operators.

4 days ago·Read at Upstox