On Tuesday morning, big news came on telecom company Vodafone Idea (NSE: IDEA). Just before the auction, Vodafone Idea surrendered some part of the 4G spectrum in two circles.
According to sources, the company has surrendered about 5 MHz in West Bengal and Western Uttar Pradesh.
The company has returned the spectrum in the 1800 MHz band. This will reduce the spectrum liability of the company.
This company paid the federal government to get three months of extension. Vodafone Idea has taken an extension only on the 900 MHz spectrum band.
The company has given about Rs 8 crore to the government.
The validity of the spectrum in these circles has ended. The company will not bid for this spectrum in the auction. Shares of Telecom Company Vodafone Idea was down 0.73 percent at Rs 13.65.
The market capitalization that the business has is 66,691.35 crore.
It is known that Vodafone Idea Stock fell by 4.86 percent in the last 5 days whereas it declined by 5.19 percent in the last 1 month.
The share price has increased by 30.48 percent in 6 months and it has given a return of 108.33 percent in 1 year.
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 | ₹ 66,837 Cr. |
| Current Price | ₹ 13.65 |
| 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 Ltd 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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