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Communications

Idea Cellular Ltd.

  • 51.00 INR
  • +0.05
  • +0.10%
  • India
    Aug 17, 2018
  • Ticker
    BOM(532822)
  • Prev. close
    50.95
  • Market cap (INR)
    222,139M
  • Market cap (USD)
    3,160.04M
  • Shares
    4,359.94M

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.

Business Summary

Idea Cellular Ltd. engages in the provision of telecommunication services. It operates through the following business segments: Mobility Services, International Long Distance, and Passive Infrastructure. The Mobility Services segment provides global system for mobile communications based mobile and related telephony services. The International Long Distance segment gives international long distance services. The Passive Infrastructure offers passive infrastructure services. The company was founded on March 14, 1995 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2018 INRUSD
Revenue282,789M4,386.63M
Gross Profit-14,254M-221.10M
Operating income-23,616M-366.33M
Income before tax-68,216M-1,058.16M
Net income-41,682M-646.57M
EBITDA60,475M938.09M
Diluted EPS-11.36-0.17
Dividends Per Share00
Total Assets985,772M15,114.17M
Total liabilities713,148M10,934.21M
Total equity272,624M4,179.95M
Operating cash flow----
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 264,319.68M 315,268.74M 359,357.24M 355,663.89M 282,789M
Gross Profit 47,951.87M 66,629.59M 70,197.63M 38,000.77M -14,254M
Operating income 37,068.19M 54,782.54M 57,735.06M 24,571.66M -23,616M
Income before tax 30,442.65M 49,325.32M 38,284.47M -12,850.61M -68,216M
Net income 19,678.20M 31,929.06M 26,711.23M -4,420.13M -41,682M
EBITDA 82,262.19M 107,818.76M 120,295.80M 102,843.70M 60,475M
Diluted EPS 5.92 8.99 7.40 -1.23 -11.36
Dividends Per Share 0.40 0.60 0.60 0 0
Total Assets 468,028.55M 607,555.54M 801,255.02M 967,046.94M 985,772M
Total liabilities 302,758.81M 377,263.15M 565,750.15M 719,724.50M 713,148M
Total equity 165,269.74M 230,292.39M 235,504.87M 247,322.44M 272,624M
Operating cash flow 74,510.06M 97,522.24M 106,411.61M 76,807.30M --
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 4,373.67M 5,156.21M 5,488.81M 5,303.89M 4,386.63M
Gross Profit 793.45M 1,089.72M 1,072.19M 566.69M -221.10M
Operating income 613.36M 895.96M 881.84M 366.42M -366.33M
Income before tax 503.73M 806.71M 584.75M -191.63M -1,058.16M
Net income 325.61M 522.19M 407.98M -65.91M -646.57M
EBITDA 1,361.18M 1,763.37M 1,837.39M 1,533.67M 938.09M
Diluted EPS 0.09 0.14 0.11 -0.01 -0.17
Dividends Per Share 0.00 0.00 0.00 0 0
Total Assets 7,836.72M 9,708.26M 12,099.43M 14,892.53M 15,114.17M
Total liabilities 5,069.42M 6,028.37M 8,543.17M 11,083.76M 10,934.21M
Total equity 2,767.29M 3,679.89M 3,556.26M 3,808.76M 4,179.95M
Operating cash flow 1,232.91M 1,594.97M 1,625.32M 1,145.40M --

Valuation Measures

Mar 2018
PER--
ROA-4.26%
ROE-16.03%
Operating margin-8.35%
Profit margin-14.73%

Key executives

  • Managing Director & Director: Himanshu Kapania
  • Chief Operating Officer: P. Lakshminarayana
  • Chief Financial Officer & Director: Akshaya Moondra
  • Chief Technology Officer: Anil K. Tandan
  • Chief Information Technology Officer: Prakash K. Paranjape

Shareholders

  • Grasim Industries Ltd. (23.1%)
  • Axiata Group Bhd. (16.3%)
  • Aditya Birla Group (6.5%)
  • Hindalco Industries Ltd. (5.2%)
  • First State Investment Management (UK) Ltd. (4.6%)
  • Elaine Investments Pte Ltd. (3.7%)
  • Oriana Investments Pte Ltd. (3.7%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (3.0%)
  • ICICI Prudential Asset Management Co. Ltd. (2.8%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (2.7%)

Contact Details

  • Website:http://www.ideacellular.com
  • Address: Birla Centurion, 10th Floor, Century Mills Compound, Mumbai, 400030, India
  • Phone: +91.95.94003434

Related Companies

  • Idea Cellular Ltd. /Cellular Towers/
  • Idea Telesystems Ltd.
  • Idea Mobile Commerce Services Ltd.
  • Swinder Singh Satara & Co. Ltd.
  • Idea Cellular Services Ltd.
  • Idea Cellular Towers Infrastructure Services Ltd.
  • Idea Cellular Towers Infrastructure Ltd.
  • Spice Communications Ltd.
  • Escorts Telecom Ltd
  • RPG Cellcom
  • Escotel Mobile Communications Ltd.

Competitors

  • Reliance Communications Limited
  • Hathway Cable & Datacom Ltd.
Last Updated on 17 Aug, 2018

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