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 2023 | INR | USD |
| Revenue | 421,597M | 5,245.95M |
| Gross Profit | -50,945M | -633.91M |
| Operating income | -63,140M | -785.65M |
| Income before tax | -292,981M | -3,645.58M |
| Net income | -293,011M | -3,645.95M |
| EBITDA | 167,357M | 2,082.43M |
| Diluted EPS | -8.43 | -0.10 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 2,300.40B | 27,991.36M |
| Total liabilities | 3,043.99B | 37,039.40M |
| Total equity | -743,591M | -9,048.04M |
| Operating cash flow | 168,688M | 2,098.99M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Revenue | 370,273M | 449,346M | 419,476M | 385,085M | 421,597M |
| Gross Profit | -84,945M | -74,302M | -51,035M | -63,542M | -50,945M |
| Operating income | -104,799M | -94,597M | -66,958M | -76,224M | -63,140M |
| Income before tax | -184,461M | -621,523M | -444,848M | -282,353M | -292,981M |
| Net income | -146,286M | -739,049M | -442,331M | -282,454M | -293,011M |
| EBITDA | 40,550M | 148,955M | 169,420M | 159,619M | 167,357M |
| Diluted EPS | -21.16 | -27.25 | -15.40 | -9.82 | -8.43 |
| Dividends Per Share | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 2,296.99B | 2,269.19B | 2,034.80B | 1,940.29B | 2,300.40B |
| Total liabilities | 1,700.64B | 2,209.39B | 2,417.08B | 2,559.93B | 3,043.99B |
| Total equity | 596,348M | 59,799M | -382,280M | -619,648M | -743,591M |
| Operating cash flow | 6,101M | -74,138M | 131,053M | 146,459M | 168,688M |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Revenue | 5,293.94M | 6,337.20M | 5,650.64M | 5,168.25M | 5,245.95M |
| Gross Profit | -1,214.49M | -1,047.89M | -687.47M | -852.80M | -633.91M |
| Operating income | -1,498.35M | -1,334.11M | -901.97M | -1,023.00M | -785.65M |
| Income before tax | -2,637.31M | -8,765.45M | -5,992.42M | -3,789.48M | -3,645.58M |
| Net income | -2,091.51M | -10,422.94M | -5,958.52M | -3,790.83M | -3,645.95M |
| EBITDA | 579.76M | 2,100.73M | 2,282.21M | 2,142.26M | 2,082.43M |
| Diluted EPS | -0.30 | -0.38 | -0.20 | -0.13 | -0.10 |
| Dividends Per Share | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 33,157.63M | 29,995.48M | 27,830.68M | 25,605.95M | 27,991.36M |
| Total liabilities | 24,549.21M | 29,205.02M | 33,059.25M | 33,783.42M | 37,039.40M |
| Total equity | 8,608.41M | 790.45M | -5,228.56M | -8,177.47M | -9,048.04M |
| Operating cash flow | 87.22M | -1,045.58M | 1,765.37M | 1,965.63M | 2,098.99M |
Valuation Measures
| Mar 2023 | |
| PER | -- |
| ROA | -13.81% |
| ROE | -- |
| Operating margin | -14.97% |
| Profit margin | -69.50% |
Management
- Chief Executive Officer: Akshaya Moondra
- Chief Operating Officer: Abhijit Kishore
- CFO, EVP, Head-Taxation & Financial Controller: Murthy Gvas
- Chief Technology Officer: Jagbir Singh
- Secretary & Compliance Officer: Pankaj Kapdeo
Shareholders
- Government of India (33.1%)
- Vodafone Group Plc (31.2%)
- Grasim Industries Ltd. (6.8%)
- Oriana Investments Pte Ltd. (6.1%)
- Elaine Investments Pte Ltd. (1.7%)
- Hindalco Industries Ltd. (1.5%)
- IGH Holdings Pvt Ltd. (0.8%)
- Aditya Birla Management Corp Pvt Ltd. (0.7%)
- The Vanguard Group, Inc. (0.6%)
- BlackRock Fund Advisors (0.2%)
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.
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