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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 provides pan India voice and data services across 2G, 3G and 4G platform. The company was founded on March 14, 1995 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2021 INRUSD
Revenue419,476M5,650.64M
Gross Profit-51,035M-687.47M
Operating income-66,958M-901.97M
Income before tax-444,848M-5,992.42M
Net income-442,331M-5,958.52M
EBITDA169,420M2,282.21M
Diluted EPS-15.40-0.20
Dividends Per Share00
Total Assets2,034.80B27,830.68M
Total liabilities2,417.08B33,059.25M
Total equity-382,280M-5,228.56M
Operating cash flow131,053M1,765.37M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 355,606.11M 282,566.42M 370,273M 449,346M 419,476M
Gross Profit 37,942.99M -11,526.46M -84,945M -74,302M -51,035M
Operating income 24,513.88M -23,564.49M -104,799M -94,597M -66,958M
Income before tax -12,850.61M -68,215.81M -184,461M -621,523M -444,848M
Net income -4,420.13M -41,965.92M -146,286M -739,049M -442,331M
EBITDA 102,785.92M 60,526.47M 40,550M 148,955M 169,420M
Diluted EPS -0.74 -6.86 -21.16 -27.25 -15.40
Dividends Per Share 0 0 0 0 0
Total Assets 967,046.94M 985,771.65M 2,296.99B 2,269.19B 2,034.80B
Total liabilities 719,724.50M 713,147.05M 1,700.64B 2,209.39B 2,417.08B
Total equity 247,322.44M 272,624.60M 596,348M 59,799M -382,280M
Operating cash flow 76,807.30M 1,097.65M 6,101M -74,138M 131,053M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 5,303.03M 4,383.18M 5,293.94M 6,337.20M 5,650.64M
Gross Profit 565.83M -178.79M -1,214.49M -1,047.89M -687.47M
Operating income 365.56M -365.53M -1,498.35M -1,334.11M -901.97M
Income before tax -191.63M -1,058.16M -2,637.31M -8,765.45M -5,992.42M
Net income -65.91M -650.97M -2,091.51M -10,422.94M -5,958.52M
EBITDA 1,532.81M 938.88M 579.76M 2,100.73M 2,282.21M
Diluted EPS -0.01 -0.10 -0.30 -0.38 -0.20
Dividends Per Share 0 0 0 0 0
Total Assets 14,892.53M 15,114.16M 33,157.63M 29,995.48M 27,830.68M
Total liabilities 11,083.76M 10,934.19M 24,549.21M 29,205.02M 33,059.25M
Total equity 3,808.76M 4,179.96M 8,608.41M 790.45M -5,228.56M
Operating cash flow 1,145.40M 17.02M 87.22M -1,045.58M 1,765.37M

Valuation Measures

Mar 2021
PER--
ROA-20.55%
ROE--
Operating margin-15.96%
Profit margin-105.44%

Key executives

  • Chief Executive Officer, Director & MD: Ravinder Takkar
  • Chief Operating Officer: Abhijit Kishore
  • 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. (0.8%)
  • BlackRock Fund Advisors (0.3%)

Contact Details

  • Website:http://www.vodafoneidea.com
  • Address: Birla Centurion, 10th Floor, Century Mills Compound, Mumbai, 400030, India
  • Phone: +91 79 6671-4000

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

Competitors

  • RailTel Corp. of India Ltd.
Last Updated on 29 Nov, 2021

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