Asia300

Idea Cellular Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 28, 2017
Prev close: 88.45
Mar 28, 2017
Market cap:
Market cap(USD):
318,729.31M
4,896.37M
Shares: 3,603.49M

Currency in INR

Company profile

Market(Ticker): BOM(532822)
Sector:
Industry:
Communications
Wireless Telecommunications
Full time employees: 22,797

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 2016

  • Local currency
  • US Dollar
Revenue 359,352.88M
Gross profit 77,044.75M
Operating income 63,825.07M
Income before tax 47,246.56M
Net income 30,799.29M
EBITDA 130,332.85M
Diluted EPS 8.53
Dividends per share 0.6
Total assets 829,922.51M
Total liabilities 572,247.1M
Total equity 257,675.41M
Operating cash flow 109,642.59M

Currency in INR

Revenue 5,488.74M
Gross profit 1,176.77M
Operating income 974.86M
Income before tax 721.64M
Net income 470.42M
EBITDA 1,990.70M
Diluted EPS 0.13
Dividends per share 0.00
Total assets 12,532.33M
Total liabilities 8,641.27M
Total equity 3,891.05M
Operating cash flow 1,674.67M

Currency in USD

Valuation measures

Mar 2016

PER 12.82
ROA 4.28%
ROE 12.62%
Operating margin 17.76%
Profit margin 8.57%

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.(5.0%)
  • Grasim Industries Ltd.(4.7%)
  • Providence Equity Partners LLC(3.3%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(2.7%)
  • Capital Research & Management Co. (World Investors)(2.2%)
  • Schroder Investment Management Ltd.(1.4%)

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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