Vodafone Idea Ltd.
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- India cannot afford to squeeze its telecom companies out of existence Mar 19, 2020
- India's support to telecom industry unlikely to sustain Vodafone Idea Mar 18, 2020 See more articles on Vodafone Idea Ltd.
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
Financial Highlights
| Mar 2020 | INR | USD |
| Revenue | 449,346M | 6,337.20M |
| Gross Profit | -74,302M | -1,047.89M |
| Operating income | -94,597M | -1,334.11M |
| Income before tax | -621,523M | -8,765.45M |
| Net income | -739,049M | -10,422.94M |
| EBITDA | 148,955M | 2,100.73M |
| Diluted EPS | -27.25 | -0.38 |
| Dividends Per Share | -- | -- |
| Total Assets | 2,269.19B | 29,995.48M |
| Total liabilities | 2,209.39B | 29,205.02M |
| Total equity | 59,799M | 790.45M |
| Operating cash flow | -74,138M | -1,045.58M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
| Revenue | 359,357.24M | 355,606.11M | 282,566.42M | 370,273M | 449,346M |
| Gross Profit | 70,197.63M | 37,942.99M | -11,526.46M | -84,945M | -74,302M |
| Operating income | 57,735.06M | 24,513.88M | -23,564.49M | -104,799M | -94,597M |
| Income before tax | 38,284.47M | -12,850.61M | -68,215.81M | -184,461M | -621,523M |
| Net income | 26,711.23M | -4,420.13M | -41,965.92M | -146,286M | -739,049M |
| EBITDA | 120,295.80M | 102,785.92M | 60,526.47M | 40,550M | 148,955M |
| Diluted EPS | 4.46 | -0.74 | -6.86 | -21.16 | -27.25 |
| Dividends Per Share | 0.36 | 0 | 0 | 0 | -- |
| Total Assets | 801,255.02M | 967,046.94M | 985,771.65M | 2,296.99B | 2,269.19B |
| Total liabilities | 565,750.15M | 719,724.50M | 713,147.05M | 1,700.64B | 2,209.39B |
| Total equity | 235,504.87M | 247,322.44M | 272,624.60M | 596,348M | 59,799M |
| Operating cash flow | 106,411.61M | 76,807.30M | 1,097.65M | 6,101M | -74,138M |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
| Revenue | 5,488.81M | 5,303.03M | 4,383.18M | 5,293.94M | 6,337.20M |
| Gross Profit | 1,072.19M | 565.83M | -178.79M | -1,214.49M | -1,047.89M |
| Operating income | 881.84M | 365.56M | -365.53M | -1,498.35M | -1,334.11M |
| Income before tax | 584.75M | -191.63M | -1,058.16M | -2,637.31M | -8,765.45M |
| Net income | 407.98M | -65.91M | -650.97M | -2,091.51M | -10,422.94M |
| EBITDA | 1,837.39M | 1,532.81M | 938.88M | 579.76M | 2,100.73M |
| Diluted EPS | 0.06 | -0.01 | -0.10 | -0.30 | -0.38 |
| Dividends Per Share | 0.00 | 0 | 0 | 0 | -- |
| Total Assets | 12,099.43M | 14,892.53M | 15,114.16M | 33,157.63M | 29,995.48M |
| Total liabilities | 8,543.17M | 11,083.76M | 10,934.19M | 24,549.21M | 29,205.02M |
| Total equity | 3,556.26M | 3,808.76M | 4,179.96M | 8,608.41M | 790.45M |
| Operating cash flow | 1,625.32M | 1,145.40M | 17.02M | 87.22M | -1,045.58M |
Valuation Measures
| Mar 2020 | |
| PER | -- |
| ROA | -32.37% |
| ROE | -225.26% |
| Operating margin | -21.05% |
| Profit margin | -164.47% |
Key executives
- Chief Executive Officer, Director & MD: Ravinder Takkar
- Chief Operating Officer: Ambrish Pandey Jain
- Chief Financial Officer: Akshaya Moondra
- Chief Technology Officer: Jagbir Singh
- Secretary & Compliance Officer: Pankaj Kapdeo
Shareholders
- Vodafone Group Plc (24.4%)
- Grasim Industries Ltd. (11.5%)
- CK Hutchison Holdings Ltd. (8.4%)
- Oriana Investments Pte Ltd. (7.4%)
- Elaine Investments Pte Ltd. (2.9%)
- Hindalco Industries Ltd. (2.6%)
- IGH Holdings Pvt Ltd. (1.4%)
- Aditya Birla Group (1.2%)
- The Vanguard Group, Inc. (0.9%)
- Dimensional Fund Advisors LP (0.6%)
Contact Details
- Website:http://www.vodafoneidea.com
- Address: Birla Centurion, 10th Floor, Century Mills Compound, Mumbai, 400030, India
- Phone: +91.95.94003434
Related Companies
- Vodafone Idea Technology Solutions Ltd.
- Vodafone Business Services Ltd.
- You System Integration Pvt Ltd.
- Vodafone Idea Shared Services Ltd.
- Vodafone m-pesa Ltd.
- Idea Cellular Ltd. /Cellular Towers/
- Idea Telesystems Ltd.
- Swinder Singh Satara & Co. Ltd.
- Vodafone India Foundation
- Idea Cellular Services Ltd.
- Idea Cellular Towers Infrastructure Services Ltd.
- Idea Cellular Towers Infrastructure Ltd.
- Vodafone Idea Communication Systems Ltd.
- Vodafone India Ltd.
- YOU Broadband India Ltd.
- Spice Communications Ltd.
- Escorts Telecom Ltd
- RPG Cellcom
- Escotel Mobile Communications Ltd.
Competitors
- GTL Infrastructure Ltd
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 3 Dec, 2020
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