Vodafone Idea Ltd.    
02 Sep 2020
8.75
4.79%
Geojit BNP Paribas
Further cost optimisations, coupled with higher ARPUs backed by higher prices, and a probable equity infusion is required to support company's survival in the coming months. We reiterate our HOLD rating with a revised TP of Rs. 9.3 based on 7.3x FY22E EV/EBITDA. EBITDA rises, bottom-line continues to be in red on provisions Q1FY21 revenue dropped 5.4% YoY to Rs. 10,659cr, primarily due to erosion of subscriber base and the consequent decline in ARPU. On the other hand, EBITDA grew 12.3% YoY to Rs. 4,098cr, as EBITDA margins expanded 540bps YoY to 38.4% owing...
Vodafone Idea Ltd. is trading at high day volume of 417.6M.
Vodafone Idea Ltd.    
10 Aug 2020
8.75
4.79%
buy
ICICI Securities Limited
Weakness was seen across KPIs. ARPU decline of ~6% QoQ, vis--vis peers who reported ARPU growth, was owing to extension of validity of low cost customers during lockdown, SIM consolidation by its customers and postpaid sub base decline. The subscriber base fell by 11.3 million to 279.8 mn. The 4G sub base saw a modest decline of ~1 mn QoQ to 104.6 mn, clearly reflecting pressure on its high paying customers. Even the post-paid sub base at 21.5 mn was down by 1.5 mn QoQ, owing to fall in POS connections where SIM was requested to be put in safe custody by customers. Cost rationalisation plan of | 4000 crore in next 18 months...
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Vodafone Idea Ltd. has gained 130.26% in the last 1 Year
Vodafone Idea Ltd.    
14 Jul 2020
8.75
4.79%
Geojit BNP Paribas
Margins improve, profit slips on high provisions Vodafone Idea Limited operates as a telecom service provider. The Company offers 2G, 3G, and 4G mobile services, as well as mobile payments, advanced...
Vodafone Idea Ltd. is trading below it's 30 day SMA of 9.1
Vodafone Idea Ltd.    
10 Dec 2019
8.75
4.79%
Geojit BNP Paribas
Supreme Court of India passed an order in favor of the DoT on a long pending industry-wide case of the definition of Adjusted Gross Revenue (AGR). On November 20th, a two-year moratorium was announced on the...
Number of Mutual Funds holding stock fell by 12 to 18 in Sep 2020 qtr.
Vodafone Idea Ltd.    
27 Aug 2019
8.75
4.79%
Prabhudas Lilladhar
Q4FY19 being a seasonally strong quarter, results were very good and most managements were sounding positive about the outcome of the elections and the recovery thereafter. Their tone resonated hope. Q1 has typically been a seasonally weak quarter. We heard post result conference calls of nearly 35 small and mid cap companies across sectors; and it was hard to miss the sharp change in the tone and the commentaries...
Vodafone Idea Ltd. has gained 130.26% in the last 1 Year
Vodafone Idea Ltd.    
27 Aug 2019
8.75
4.79%
Prabhudas Lilladhar
Q4FY19 being a seasonally strong quarter, results were very good and most managements were sounding positive about the outcome of the elections and the recovery thereafter. Their tone resonated hope. Q1 has typically been a seasonally weak quarter. We heard post result conference calls of nearly 35 small and mid cap companies across sectors; and it was hard to miss the sharp change in the tone and the commentaries...
Number of Mutual Funds holding stock fell by 12 to 18 in Sep 2020 qtr.
Vodafone Idea Ltd.    
07 Aug 2019
8.75
4.79%
Geojit BNP Paribas
Given uncertainty around successful integration and potential downside, we recommend REDUCE rating on the stock with a target price of Rs. 5.4 based on ~8x FY21E EV/EBITDA. Topline impacted by reduced customer base In Q1FY20, Company's revenue declined 4.3% QoQ to Rs. 11,270cr, primarily on decreased subscribers base (-4.2% QoQ to 320.0mn). However, 4G data subscriber base witnessed growth of 5.1% QoQ to 84.8mn in Q1FY20. Blended churn ratio during the current quarter stood at 3.7% compared to 7.2% in Q4FY19. Overall ARPU...
Number of Mutual Funds holding stock fell by 12 to 18 in Sep 2020 qtr.
Vodafone Idea Ltd.    
30 Jul 2019, 12:00AM
8.75
4.79%
ICICI Securities Limited
Revenue decline of 4.3% was owing to exit of minimum ARPU customer, IUC revenue loss (~| 80 crore) as well as downtrading. The exit of 14.1 mn customers was much more than our anticipation marked the fourth consecutive quarter of subscriber base decline. We again reiterate that the ARPU increase of 3.8% QoQ is merely a mathematical kick on a lower subscriber base. Therefore, this does not reflect any improvement in pricing/up-trading, etc. The company's net addition of 4.1 mn 4G customers (largely conversion of own base in areas where it is expanding), was still...
Number of Mutual Funds holding stock fell by 12 to 18 in Sep 2020 qtr.
Vodafone Idea Ltd.    
15 May 2019
8.75
4.79%
ICICI Securities Limited
Revenue growth was at 0.1% QoQ, with ARPU at | 104 (up ~16.9% QoQ). We note that ARPU increase is merely a mathematical kick on lower subscriber base. Therefore, it does not reflect any improvement in pricing/up-trading, etc. Most importantly, post-paid subscriber base at ~23.1 million declined sequentially by 0.57 mn (2.4% decline QoQ). We also highlight that the company's net addition of 5.4 million 4G customers (largely conversion of own base in areas where it is expanding) in Q4FY19, is still lower than competition, reflecting the weaker relative standing....
Number of Mutual Funds holding stock fell by 12 to 18 in Sep 2020 qtr.
Vodafone Idea Ltd.    
14 May 2019
8.75
4.79%
HDFC Securities
VIL is moving in the right direction by strengthening 4G rollouts, balance sheet through rights issue, stake sale in Indus and potential monetization of fiber assets. That said, low EBITDA, substantially higher leverage and persistent cash burn has put VIL in precarious position with limited room to err. Synergy benefits, substantial 4G sub additions and tariff hikes are essential. Pricing strategy by competitors is key for viability and stock sentiment hereon. We believe all these factors may play out. Our TP is highly sensitive to tariff increase. Vodafone Idea (VIL) 4QFY19 results were ahead of estimates. This was primarily led by inevitable synergy benefits post integration. That said, operating performance was feeble with flat revenues QoQ and modest data subscribers additions. BUY with TP of Rs 19 (10x FY21E EBITDA).
Vodafone Idea Ltd. is trading at high day volume of 417.6M.