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Communications

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

Vodafone Idea 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 a system for mobile communications based mobile and related telephony services. The International Long Distance segment offers international long distance services. The Passive Infrastructure covers the passive infrastructure services. The company was founded on March 14, 1995 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2019 INRUSD
Revenue370,273M5,293.94M
Gross Profit-84,945M-1,214.49M
Operating income-104,799M-1,498.35M
Income before tax-184,461M-2,637.31M
Net income-146,286M-2,091.51M
EBITDA40,550M579.76M
Diluted EPS-21.16-0.30
Dividends Per Share----
Total Assets2,296.99B33,157.63M
Total liabilities1,700.64B24,549.21M
Total equity596,348M8,608.41M
Operating cash flow6,101M87.22M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 315,268.74M 359,357.24M 355,606.11M 282,566.42M 370,273M
Gross Profit 66,629.59M 70,197.63M 37,942.99M -11,526.46M -84,945M
Operating income 54,782.54M 57,735.06M 24,513.88M -23,564.49M -104,799M
Income before tax 49,325.32M 38,284.47M -12,850.61M -68,215.81M -184,461M
Net income 31,929.06M 26,711.23M -4,420.13M -41,965.92M -146,286M
EBITDA 107,818.76M 120,295.80M 102,785.92M 60,526.47M 40,550M
Diluted EPS 5.43 4.46 -0.74 -6.86 -21.16
Dividends Per Share 0.36 0.36 0 0 --
Total Assets 607,555.54M 801,255.02M 967,046.94M 985,771.65M 2,296.99B
Total liabilities 377,263.15M 565,750.15M 719,724.50M 713,147.05M 1,700.64B
Total equity 230,292.39M 235,504.87M 247,322.44M 272,624.60M 596,348M
Operating cash flow 97,522.24M 106,411.61M 76,807.30M 1,097.65M 6,101M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 5,156.21M 5,488.81M 5,303.03M 4,383.18M 5,293.94M
Gross Profit 1,089.72M 1,072.19M 565.83M -178.79M -1,214.49M
Operating income 895.96M 881.84M 365.56M -365.53M -1,498.35M
Income before tax 806.71M 584.75M -191.63M -1,058.16M -2,637.31M
Net income 522.19M 407.98M -65.91M -650.97M -2,091.51M
EBITDA 1,763.37M 1,837.39M 1,532.81M 938.88M 579.76M
Diluted EPS 0.08 0.06 -0.01 -0.10 -0.30
Dividends Per Share 0.00 0.00 0 0 --
Total Assets 9,708.26M 12,099.43M 14,892.53M 15,114.16M 33,157.63M
Total liabilities 6,028.37M 8,543.17M 11,083.76M 10,934.19M 24,549.21M
Total equity 3,679.89M 3,556.26M 3,808.76M 4,179.96M 8,608.41M
Operating cash flow 1,594.97M 1,625.32M 1,145.40M 17.02M 87.22M

Valuation Measures

Mar 2019
PER--
ROA-8.91%
ROE-33.66%
Operating margin-28.30%
Profit margin-39.50%

Key executives

  • Chief Executive Officer, Director & MD: Ravinder Takkar
  • Chief Operating Officer: Ambrish Pandey Jain
  • Chief Financial Officer: Akshaya Moondra
  • Chief Information Technology Officer: Prakash K. Paranjape
  • Chief Technology Officer: Vishant Vora

Shareholders

  • Vodafone Group Plc (26.9%)
  • Grasim Industries Ltd. (11.5%)
  • CK Hutchison Holdings Ltd. (8.4%)
  • Prime Metals Ltd. (7.6%)
  • Oriana Investments Pte Ltd. (7.4%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (3.7%)
  • Elaine Investments Pte Ltd. (2.9%)
  • Hindalco Industries Ltd. (2.6%)
  • First State Investment Management (UK) Ltd. (1.8%)
  • ICICI Prudential Asset Management Co. Ltd. (1.7%)

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 Technology Solutions Ltd.
  • Vodafone Business Services Ltd.
  • Idea Cellular Ltd. /Cellular Towers/
  • Idea Telesystems Ltd.
  • Swinder Singh Satara & Co. Ltd.
  • Idea Cellular Services Ltd.
  • Idea Cellular Towers Infrastructure Services Ltd.
  • Idea Cellular Towers Infrastructure Ltd.
  • Vodafone Idea Communication Systems Ltd.
  • Vodafone India Ltd.
  • Spice Communications Ltd.
  • Escorts Telecom Ltd
  • RPG Cellcom
  • Escotel Mobile Communications Ltd.

Competitors

  • Mahanagar Telephone Nigam Limited
  • Bharti Airtel Limited
  • Tata Communications Limited
  • Reliance Industries Limited
  • Axiata Group Bhd.
  • GTL Infrastructure Ltd
Last Updated on 6 Dec, 2019

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