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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 2022 INRUSD
Revenue385,085M5,168.25M
Gross Profit-63,542M-852.80M
Operating income-76,224M-1,023.00M
Income before tax-282,353M-3,789.48M
Net income-282,454M-3,790.83M
EBITDA159,619M2,142.26M
Diluted EPS-9.82-0.13
Dividends Per Share00
Total Assets1,940.29B25,605.95M
Total liabilities2,559.93B33,783.42M
Total equity-619,648M-8,177.47M
Operating cash flow146,459M1,965.63M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 282,566.42M 370,273M 449,346M 419,476M 385,085M
Gross Profit -11,526.46M -84,945M -74,302M -51,035M -63,542M
Operating income -23,564.49M -104,799M -94,597M -66,958M -76,224M
Income before tax -68,215.81M -184,461M -621,523M -444,848M -282,353M
Net income -41,965.92M -146,286M -739,049M -442,331M -282,454M
EBITDA 60,526.47M 40,550M 148,955M 169,420M 159,619M
Diluted EPS -6.86 -21.16 -27.25 -15.40 -9.82
Dividends Per Share 0 0 0 0 0
Total Assets 985,771.65M 2,296.99B 2,269.19B 2,034.80B 1,940.29B
Total liabilities 713,147.05M 1,700.64B 2,209.39B 2,417.08B 2,559.93B
Total equity 272,624.60M 596,348M 59,799M -382,280M -619,648M
Operating cash flow 1,097.65M 6,101M -74,138M 131,053M 146,459M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 4,383.18M 5,293.94M 6,337.20M 5,650.64M 5,168.25M
Gross Profit -178.79M -1,214.49M -1,047.89M -687.47M -852.80M
Operating income -365.53M -1,498.35M -1,334.11M -901.97M -1,023.00M
Income before tax -1,058.16M -2,637.31M -8,765.45M -5,992.42M -3,789.48M
Net income -650.97M -2,091.51M -10,422.94M -5,958.52M -3,790.83M
EBITDA 938.88M 579.76M 2,100.73M 2,282.21M 2,142.26M
Diluted EPS -0.10 -0.30 -0.38 -0.20 -0.13
Dividends Per Share 0 0 0 0 0
Total Assets 15,114.16M 33,157.63M 29,995.48M 27,830.68M 25,605.95M
Total liabilities 10,934.19M 24,549.21M 29,205.02M 33,059.25M 33,783.42M
Total equity 4,179.96M 8,608.41M 790.45M -5,228.56M -8,177.47M
Operating cash flow 17.02M 87.22M -1,045.58M 1,765.37M 1,965.63M

Valuation Measures

Mar 2022
PER--
ROA-14.21%
ROE--
Operating margin-19.79%
Profit margin-73.34%

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 (23.6%)
  • Grasim Industries Ltd. (10.3%)
  • Oriana Investments Pte Ltd. (9.3%)
  • CK Hutchison Holdings Ltd. (7.6%)
  • Elaine Investments Pte Ltd. (2.6%)
  • Hindalco Industries Ltd. (2.3%)
  • IGH Holdings Pvt Ltd. (1.2%)
  • Aditya Birla Group (1.1%)
  • The Vanguard Group, Inc. (0.7%)
  • Pilani Investment & Industries Corp. Ltd. (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 12 Aug, 2022

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