Vodafone and Idea were merged in 2018 and rebranded as VI in 2020. In the last 1 year (from April 2023) the Vodafone Idea stock price started going up and gained more than 200% in a year and made a 52-week high but now it is trading approximately 15% down from its 52-week high. In the post, you’ll learn many things about business models, futures, and predictions of Vodafone Idea’s share price target for 2024, 2025, and 2026.
Vodafone Idea is a very volatile penny stock which increases the risk of investing. There can be thousands of retail investors who are stuck in the stock by investing in it. If you are also one of those investors then this post might help you with the price forecast of the Vodafone Idea stock.
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About Vodafone Idea Ltd
Vodafone and Idea were both different companies but in 2018 these companies were merged and later in 2020 rebranded as Vi (Vodafone Idea) Limited. Currently, Vodafone Idea Limited’s managing director is Mr. Ravinder Takkar.
Vodafone Idea’s Limited is a telecommunication service provider’s sector company. It is involved in many businesses from which it generates revenues. Below are some of its core businesses-
Enterprises Solutions
Vodafone Idea Ltd provides many telecommunication services to businesses like bulk SMS, Internet, and other related services.
Mobile Subscriber Service
This is the business from where the telecommunication services provider companies make most of the money. Here, Vodafone Idea Ltd gives various plans for calls, data, SMS, etc. Each category has multiple plans, which users can use as per need.
Story Behind Vodafone Idea Merger & Rebranding
With the launch of the Jio sim, Jio starts offering free truly unlimited voice calls, data, SMS, and many other app subscriptions for free. As a result, millions of users are attracted to the Jio as they are getting everything for free.
Due to the free services of Jio, other players of telecommunication services have started facing a huge dump in their users and earnings.
Airtel survived it but Vodafone and Idea failed that’s why they decided the merge and later rebrand Vi to combine their services and provide users with good services but still they are facing a lot of issues.
Note: This story is not in brief. You can read it on the internet in brief and other details like debt on Vi, cash they have, etc.
Vodafone Idea Ltd’s Scrip Info
| NSE | IDEA |
| BSE | 532822 |
| ISIN | INE669E01016 |
| SECTOR | TELECOMMUNICATION – SERVICE PROVIDER |
Company Analysis
Below you’ll find Vodafone Idea Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | -₹7,840 |
| Sep 2023 | -₹8,738 |
| Dec 2023 | -₹6,986 |
| Mar 2024 | -₹7,675 |
| Jun 2024 | -₹6,432 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | -₹73,878 |
| Mar 2021 | -₹44,233 |
| Mar 2022 | -₹28,245 |
| Mar 2023 | -₹29,301 |
| Mar 2024 | -₹31,238 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,08,335Cr | ROE | 29.99% |
| P/E Ratio (TTM) | -3.64 | EPS (TTM) | -4.39 |
| P/B Ratio | 0.00 | Div. Yield | 0.00% |
| Industry PE | 72.20 | Book Value | -12.39 |
| Debt to Equity | -2.34 | Face Value | 10 |
| Held By | Dec 2023 | Mar 2024 | Apr 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 2.27% | 1.97% | 11.39% | 12.67% |
| DIIs | 3.05% | 2.20% | 2.59% | 7.44% |
| Public | 11.14% | 14.69% | 24.88% | 17.89% |
| Promoters | 50.36% | 48.91% | 36.88% | 38.17% |
| Government | 33.18% | 32.23% | 24.27% | 23.80% |
Key Insights
- In the recent quarter results, there is no growth.
- FIIs are increasing their holdings in the company.
- Promoters and government decreasing their holdings.
- Vodafone Idea’s stock is trading at very low PE (PE<=10)
- From FY23 – FY24 the net loss of the company is increasing.
- Vodafone Idea Ltd has been a loss-making company for years.
- Promoters pledge their 48.91% shareholdings of the company.
Quarterly Results – June 2024
In the recent quarter, the net loss of the Vodafone Idea Ltd company decreased from Rs. 7,675 Crore (previous quarter loss) to Rs. 6,432 Crore. It is a massive achievement for the company as the loss is reduced a lot but it is not enough.
On the other side, sales of Vodafone Idea Ltd declined from 10,607 to 10,508 in the quarter from its previous quarter.
Vodafone Idea Share Price Target
Vodafone Idea stock has been a popular stock among retail investors for years because it was available at a highly discounted price. Still, the retail investors (public) are increasing their holdings in the stock rapidly. If you also invested then the prediction of Vodafone Idea share price target for 2024, 2025, and 2026 may help you to make good returns.
As of now, the services of Vodafone Idea are not good at most locations as a result the company is losing its users which directly impacts the company’s earnings. As you know, if the earnings will be impacted the share price of the stock will also.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹17 | ₹18 |
| 2025 | ₹18 | ₹20 |
| 2026 | ₹18 | ₹20 |
Vodafone Idea Share Price Target 2024
Currently Vodafone Idea stock is trading at Rs. 16.08 as of 20 August 2024 and a 52-week high of the stock is Rs. 19.18. The stock has been trading below the level for more than 4 years or you can say it is trading in a range.
As per the analyst ratings, the Vodafone Idea stock is bearish as more than 75% of analysts are on the sell-side and the rest holds. This is because the earnings, EPS, and fundamentals of the company are getting weaker.
So, as of now investing in the stock does not make any sense as it is bearish. In case, any positive news comes then you can expect Vodafone Idea share price target of Rs. 17 – Rs. 18 in 2024.
Vodafone Idea Share Price Target 2025
Recently Vodafone Idea shareholders approved fundraising of Rs. 20,000 Crore in April 2024. Currently, the company needs a lot of money to run and upgrade its services to make sure customers are getting no issues or interruptions while calling, using the internet, etc.
Vodafone Idea Ltd is losing its customers because of its bad services like slow internet speed, call drops, no signal in local areas, and more. It is a major issue for the company.
Vodafone Idea Ltd has some money to improve their services and in the future, if they get more money it will be very helpful for the company. For 2025, the Vodafone Idea share price target can be near Rs. 18 – Rs. 20. If the services and earrings of the company improve, we may see a big target.
Vodafone Idea Share Price Target 2026
Investing in Vodafone Idea Ltd stock for the long term is risky as the company does not have enough money to invest and improve its services. It is a clear sign that investors are not investing money in it.
In a few words, it is a very risky company so, investing in the company for the long term is not recommended until the company improves its services and starts gaining customers again.
There is no Vodafone Idea share price target for 2026. We will share the target when analysts become bullish on the stock and upgrade its rating from sell to buy.
Vodafone Idea Share Price Forecast
Most analysts are brokers are bearish on the Vodafone Idea stock due to increasing losses of the company in almost every quarter. It’s a clear sign that there is less chance of improvements in the company.
In conclusion, as per the share price forecast, the stock target is almost negative. So, if you are planning for any investments, you should not plan right now.
FAQs
The predictions of the Vodafone Idea stock depend on the company. As we know, currently the company is struggling a lot and the company doesn’t have enough money to improve its services to compete with other players of the telecommunication – service provider.
So, as per the current situation, the company is in huge problems as earnings of the company are dropping almost in each quarter.
Recently the Vodafone Idea Ltd company raised a fund of Rs. 20,000 Crore in April 2024. This fund will be used to make the services of the company good.
If these types of things happen, then most probably the Vodafone Idea share price can easily go near Rs. 17 to Rs. 18.
As we mentioned above the Vodafone Idea is facing a lot of issues like decreasing customers, earnings, etc. because of poor services of the company.
So, if you want to invest money in safe stocks, you should avoid Vodafone Idea stock until the company starts giving good results and improving earnings.
Final Words
Vodafone Idea Ltd is a telecommunication service provider company but the financials of the company are very poor, so it has failed to improve its survival. Now, the company is at an inadequate level which means it can give massive returns in the future or become useless. Check the Vodafone Idea share price target for 2024, 2025, and 2026 posts to know more about the share price predictions.