Asia300

Idea Cellular Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 26, 2017
Prev close: 79.65
May 26, 2017
Market cap:
Market cap(USD):
287,203M
4,457.59M
Shares: 3,605.81M

Currency in INR

Company profile

Market(Ticker): BOM(532822)
Sector:
Industry:
Communications
Wireless Telecommunications
Full time employees: --

Business summary

Idea Cellular Ltd. is a mobile services operator. It operates through two business segments: Mobility Services and International Long Distance. The Mobility Services segment provides global system for mobile communications based mobile and related telephony services. The International Long Distance segment provides international long distance services. It provides voice services, such as Hosted IVR solution, Idea Concall; connectivity services, such as Field Force Automation and Secured Connectivity Solutions; and location services. The company was founded on March 14, 1995 and is headquartered in Mumbai, India.

Company background

Idea Cellular is a major mobile phone service operator in India and ranked third in the country by subscriber numbers. It belongs to the Aditya Birla Group, one of the three largest conglomerates in India.

Founded in 1995, Idea was managed for some time as a company jointly owned by Birla, the Tata Group, another top Indian conglomerate, and the AT&T Group of the U.S. AT&T subsequently withdrew its capital from Idea and Tata sold its equity stake in 2006 because it established a telecom company.

As a result, Birla has placed Idea under its management. Idea acquired its rival Spice Communications in 2008 and has kept expanding its market presence to become India's third largest mobile carrier after Bharti Airtel and Vodafone. It has been winning new subscribers by promoting third-generation mobile phone services in rural areas.

Aditya Birla Nuvo, the core company of the Birla group, is Idea's biggest shareholder. Other group companies, such as Hindalco Industries and Grasim Industries, are also major stakeholders. The Birla group as a whole owns a nearly 40% stake in Idea.

Nearly 20% of Idea is also owned by the Axiata Group, a Malaysia telecom company.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 355,758M
Gross profit 34,450M
Operating income 24,491M
Income before tax -12,851M
Net income -3,997M
EBITDA 102,763M
Diluted EPS -1.23
Dividends per share --
Total assets 967,047M
Total liabilities 719,725M
Total equity 247,322M
Operating cash flow --

Currency in INR

Revenue 5,305.30M
Gross profit 513.74M
Operating income 365.22M
Income before tax -191.64M
Net income -59.60M
EBITDA 1,532.47M
Diluted EPS -0.01
Dividends per share --
Total assets 14,892.53M
Total liabilities 11,083.77M
Total equity 3,808.76M
Operating cash flow --

Currency in USD

Valuation measures

Mar 2017

PER --
ROA -0.44%
ROE -1.58%
Operating margin 6.88%
Profit margin -1.12%

Key executive

  • Chief Executive Officer, MD & Director: Himanshu Kapania
  • Chief Operating Officer: P. Lakshminarayana
  • Chief Financial Officer & Whole Time Director: Akshaya Moondra
  • Chief Technology Officer: Anil K. Tandan
  • Chief Information Technology Officer: Prakash K. Paranjape

Share holders

  • Aditya Birla Nuvo Ltd.(23.2%)
  • Axiata Group Bhd.(19.7%)
  • Aditya Birla Group(7.8%)
  • Hindalco Industries Ltd.(6.3%)
  • First State Investment Management (UK) Ltd.(6.3%)
  • Grasim Industries Ltd.(4.7%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(2.8%)
  • Goldman Sachs Asset Management International Ltd.(1.7%)
  • Schroder Investment Management Ltd.(1.4%)
  • The Vanguard Group, Inc.(1.2%)

Address

  • Website: http://www.ideacellular.com
  • Address: Windsor, 5th Floor, Off CST Road, Near Vidya Nagari, Mumbai, 400098, India
  • Phone: +91.95.94004000

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