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Vodafone Idea (IDEA) had a P/E of 3.7× on 6 Nov 2026, below the industry P/E of 18.5×, and the shares are 19% below their 52-week high. Sales grew 2.1% a year over 3 years, with ROCE of 37%, though net profit is above operating profit, which points to a one-off gain. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹1.9L Cr. It is a large-cap company with a market cap of ₹1.4 lakh crore, ranked 2nd of 20 Telecom Services companies by market cap; the shares rose 37% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹12.72
Day high
₹12.84
Day low
₹12.58
Prev. close
₹12.89
Volume
27.6 Cr

Health check

1 good · 4 to check
  • ReturnsAhead

    +37.0% over a year, better than 7 of 7 peers.

  • Price tagNegative equity

    Book value is below zero, so P/E and P/B mislead here.

  • GrowthSlow

    Sales +2.1% a year over 3 years.

  • ProfitabilityDistorted

    With negative net worth, return ratios are meaningless.

  • Balance sheetStretched

    Negative net worth: liabilities exceed assets.

  • Red flags3 to check

    Negative net worth: liabilities exceed assets.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Telecom Services

19 listed peers. Screen the industry

Large cap

₹1.4L Cr, #2 of 20 in its industry by size.

Moves with the market

Beta 0.81 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹45,463 Cr · profit ₹37,406 Cr
Market cap
₹1.4L Cr
Large cap
P/E
3.7
Industry 18.5
Price to book
−3.87
Peers 3.27
Dividend yield
0.00%
ROE
n/a
Peers 19.5%
ROCE
36.9%
Peers 17.5%
Debt to equity
n/a
Debt ₹1.9L Cr
EPS (TTM)
₹3.45
Face value ₹10
OPM (TTM)
42.7%
Net margin 82.3%
Sales growth
+6.1%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
3.04
EV/EBITDA 26.6

Strengths and risks

Strengths

  • Return on capital employed of 36.9%.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Negative net worth: liabilities exceed assets.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • Interest coverage of only 0.9×.

Derived automatically from reported figures. Not a recommendation.

About Vodafone Idea

Vodafone Idea Limited, together with its subsidiaries, provides telecommunication services to individuals, communities, and businesses in India. The company offers voice services, such as 4G VoLTE and Voice over WIFI calling; broadband data services on 4G and/or 5G technology; and content and digital products and services, including subscription, digital advertising, gaming, digital marketplace, and utility bill payment app, as well as other value-added…

Headquarters
Mumbai
Employees
9,500
Sector
Communication Services
ISIN
INE669E01016
Website
myvi.in

Price range

52 weeks

₹8.13₹15.79

Today

₹12.58₹12.84
Avg volume (3M)
40.2 Cr
1-year return
plus 37.0%
From 52-week high
minus 19.2%

Analyst consensus

22 analysts
HoldMean target ₹12.05 minus 5.5%

The mean target is below today’s price.

Target range, with today’s price

Low ₹5.50High ₹19.00

Next results expected around 13 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Telecom Services

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
BHARTIARTLBharti Airtel2,107.20plus 2.45%13,15,37141.512.116.7%57.1%1.0014.9%minus 2.7%
IDEAVodafone Idea12.76minus 1.01%1,38,2463.717.136.9%42.7%–2.1%plus 37.0%
INDUSTOWERIndus Towers383.10minus 0.03%1,01,06114.26.418.4%54.6%0.564.6%minus 2.4%
BHARTIHEXABharti Hexacom1,664.40minus 2.01%83,22042.317.321.1%52.9%0.8612.4%minus 9.3%
TATACOMMTata Communications1,704.80minus 0.52%48,60144.112.315.3%19.9%3.7111.6%minus 10.1%
TTMLTata Teleservices (Maharashtra)39.77plus 12.57%7,77526.043.1–55.0%–1.5%minus 36.3%
RAILTELRailtel Corporation Of India241.05minus 0.16%7,73622.811.018.7%14.6%0.0329.8%minus 33.7%
ROUTEROUTE MOBILE451.50minus 1.66%2,8458.13.012.5%7.7%0.017.3%minus 35.5%
Median of 7 peers–−0.16%48,60126.012.117.5%52.9%0.7111.6%−10.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
11,00811,17011,30811,30311,682
6,3966,4856,4916,4146,648
4,6124,6854,8174,8895,034
41.9%41.9%42.6%43.3%43.1%
142102193104195
5,8934,7845,8284,9905,120
5,4725,5685,5505,5185,467
–37.61,07857,4911,611
−6,611−5,527−5,29051,976−3,747
0.0%0.1%0.1%0.0%−0.2%
−6,608−5,524−5,28651,970−3,754
-0.63-0.51-0.494.80-0.35

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
42,14342,57343,45644,789
–+1.0%+2.1%+3.1%
25,27325,28325,25425,804
16,87017,28918,20218,985
40.0%40.6%41.9%42.4%
−283−140773538
22,79725,54324,31421,527
23,05022,63421,97422,108
−37.1617−5558,660
−29,298−30,410−27,36834,548
0.0%−2.7%−0.1%0.0%
−29,301−31,238−27,38434,552
-8.43-6.41-4.013.21

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
48,68050,12071,3931,08,343
−1,23,039−1,54,287−1,41,713−1,44,101
2,37,7662,43,8092,33,2291,92,528
43,83645,35634,95834,868
2,07,2431,84,9981,97,8671,91,638
60,12852,81958,91465,778
3066432,7181,538
8,1216,394–2,619
23516812,7045,789
1,38,4531,24,9731,23,5311,15,914
2,07,2431,84,9981,97,8671,91,638

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
18,86920,8269,29019,411
−5,414−1,907−16,248−6,104
−14,680−18,9807,047−11,458
−1,224−61891,849
−5,622−1,614−10,335−10,979
13,24719,212−1,0458,432

Shareholding pattern

Source: NSE filings
25.6%
promoters
  • Promoters25.64%
  • Public74.36%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202625.64%74.36%0.00
30 Jun 202625.64%74.36%0.00
31 Mar 202625.64%74.36%plus 0.07
31 Dec 202525.57%74.43%0.00
30 Sep 202525.57%74.43%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you