A decline of 12% is being seen in the shares of telecom sector company Vodafone Idea(NSE: IDEA) on Tuesday. The company has approved the plan to raise funds of ₹45,000 crore in the board meeting a day before.
Even after this, brokerage firms seem cautious about this stock. He says that if the company has to roll out 5G, then raising funds alone will not suffice.
Global brokerage firm has set the target price at ₹ 6.5 per share with the rating of ‘Reduce’ on this stock.
The recent surge in the value of Vodafone Idea’s shares is accompanied by talk of equity investment from the promoters of the company.
In October 2023, Vodafone Idea management said commitments of Rs 2,000 crore by promoters should be completed in the December quarter.
At the same time, now news has come that a senior official from the management has resigned. Vodafone Idea told the exchange that the Chief Regulator P Balaji has resigned.
About Vodafone Idea Ltd
Vodafone Idea Limited was formed as a joint venture between Aditya Birla Group, and Vodafone Group. The company is India’s biggest telecom service provider.
In India, the company offers voice and data services on a 2G/3G/4G platform. The company’s large spectrum portfolio will support the growing data and voice demand.
It is committed to providing delightful customer experiences, and to creating a truly “Digital India” by enabling millions to connect and create a better future.
The Company is developing infrastructure for newer and more intelligent technologies.
The company is listed on the Bombay Stock Exchange and National Stock Exchange in India.
Fundamental Analysis of Vodafone Idea Ltd
| Market Cap | ₹ 69,905 Cr. |
| Current Price | ₹ 14.35 |
| 52-wk High | ₹ 18.4 |
| 52-wk Low | ₹ 5.70 |
| Stock P/E | — |
| Book Value | ₹ -18.7 |
| Dividend | 0.00 % |
| ROCE | -3.82 % |
| ROE | — |
| Face Value | ₹ 10.0 |
| P/B Value | — |
| OPM | 39.9 % |
| EPS | ₹ -6.16 |
| Debt | ₹ 2,40,651 Cr. |
| Debt to Equity | — |
Vodafone Idea Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 15 | ₹ 19 |
| 2025 | ₹ 21 | ₹ 26 |
| 2026 | ₹ 27 | ₹ 29 |
| 2027 | ₹ 31 | ₹ 34 |
| 2028 | ₹ 45 | ₹ 65 |
| 2029 | ₹ 70 | ₹ 86 |
| 2030 | ₹ 100 | ₹ 154 |
Vodafone Idea Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 74.99% |
| Mar 2023 | 50.36% |
| June 2023 | 50.36% |
| Sept 2023 | 50.36% |
| Dec 2023 | 50.36% |
| FII Holding | |
| Dec 2022 | 3.59% |
| Mar 2023 | 2.28% |
| June 2023 | 2.29% |
| Sept 2023 | 2.46% |
| Dec 2023 | 2.27% |
| DII Holding | |
| Dec 2022 | 1.21% |
| Mar 2023 | 0.54% |
| June 2023 | 0.73% |
| Sept 2023 | 1.80% |
| Dec 2023 | 3.05% |
| Govt. Holding | |
| Dec 2022 | 0.06% |
| Mar 2023 | 33.18% |
| June 2023 | 33.18% |
| Sept 2023 | 33.18% |
| Dec 2023 | 33.18% |
| Public Holding | |
| Dec 2022 | 20.14% |
| Mar 2023 | 13.64 |
| June 2023 | 13.44% |
| Sept 2023 | 12.19% |
| Dec 2023 | 11.14% |
Vodafone Idea Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 37092 Cr |
| 2020 | ₹ 44958 Cr |
| 2021 | ₹ 41952 Cr |
| 2022 | ₹ 38516 Cr |
| 2023 | ₹ 42577 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -14,604 Cr |
| 2020 | ₹ -73,878 Cr |
| 2021 | ₹ -44,233 Cr |
| 2022 | ₹ -28,245 Cr |
| 2023 | ₹ -29,983 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.82 |
| 2020 | 16.11 |
| 2021 | -4.12 |
| 2022 | -3.08 |
| 2023 | -0.18 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 10% |
| Current Year: | -4% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Last Year: | — |
Sales Growth Over 10 Years:
| 10 Years: | 7% |
| 5 Years: | 8% |
| 3 Years: | -2% |
| Current Year: | 2% |
Conclusion
This article is a complete guide about Vodafone Idea Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
