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VODAFONE IDEA LIMITED performance

Today’s low

Today’s high

₹ 11.64 ₹ 12.05
₹ 11.78

52 week low

52 week high

₹ 6.12 ₹ 12.80
₹ 11.78

Open Price

₹ 11.72

Prev. Close

₹ 11.60

Volume (Shares)

1446422980.00

Total traded value

₹ 170388.62

Upper Circuit

₹ 12.76

Lower Circuit

₹ 10.44

info

VODAFONE IDEA LIMITED Share Price Update

As of the latest trading session, VODAFONE IDEA LIMITED share price is currently at ₹ 11.78, which is up by ₹ 0.17 from its previous closing. Today, the stock has fluctuated between ₹ 11.64 and ₹ 12.05. Over the past year, VODAFONE IDEA LIMITED has achieved a return of 44.71 %. In the last month alone, the return has been 16.28 %. Read More...

Investment Returns

Over 1 Month [-]% Over 3 Months [-]% Over 6 Months [-]% Over 1 Year [-]%
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VODAFONE IDEA LIMITED fundamentals


  • Market cap (Cr)

    1,27,628.10

  • P/E Ratio (TTM)

    -4.91

  • Beta

    1.55

  • Book Value / share

    -7.57

  • Return on equity

    0.00%

  • EPS (TTM)

    0.00

  • Dividend yield

    0.00%

  • Net profit/quarter (Cr)

    -5,583.90

info icon alternate text

  • Market cap (Cr)

    1,27,736.40

  • P/E Ratio (TTM)

    -4.91

  • Beta

    1.44

  • Book Value / share

    -7.57

  • Return on equity

    0.00%

  • EPS (TTM)

    0.00

  • Dividend yield

    0.00%

  • Net profit/quarter (Cr)

    -5,583.90

info icon alternate text

VODAFONE IDEA LIMITED Financials

  • Key Results

  • Key Ratios

  • Balance sheet

  • Cash Flow

  • Competition

info-icon

Revenue

Net income

Particulars SEP 2025 (Values in Cr)
Revenue 11058.30
Operating Expense 16797.60
Net Profit -5583.90
Net Profit Margin (%) -50.49
Earnings Per Share (EPS) -0.52
EBITDA 4602.80
Effective Tax Rate (%) 0.00
Particulars JUN 2025 (Values in Cr)
Revenue 10896.40
Operating Expense 17763.30
Net Profit -6632.90
Net Profit Margin (%) -60.87
Earnings Per Share (EPS) -0.63
EBITDA 4580.00
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 10821.50
Operating Expense 18365.60
Net Profit -7268.70
Net Profit Margin (%) -67.16
Earnings Per Share (EPS) -1.02
EBITDA 4637.70
Effective Tax Rate (%) 0.00
Particulars DEC 2024 (Values in Cr)
Revenue 11006.90
Operating Expense 17899.20
Net Profit -6492.60
Net Profit Margin (%) -58.98
Earnings Per Share (EPS) -0.93
EBITDA 4934.99
Effective Tax Rate (%) 0.00
Particulars SEP 2024 (Values in Cr)
Revenue 10826.50
Operating Expense 18354.80
Net Profit -7209.50
Net Profit Margin (%) -66.59
Earnings Per Share (EPS) -1.04
EBITDA 4654.50
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 43045.00
Operating Expense 71767.40
Net Profit -27442.10
Net Profit Margin (%) -63.75
Earnings Per Share (EPS) -4.01
EBITDA 18499.20
Effective Tax Rate (%) 0.00
Particulars MAR 2024 (Values in Cr)
Revenue 42245.40
Operating Expense 73552.20
Net Profit -31236.20
Net Profit Margin (%) -73.93
Earnings Per Share (EPS) -6.41
EBITDA 17337.10
Effective Tax Rate (%) -2.70
Particulars MAR 2023 (Values in Cr)
Revenue 41884.10
Operating Expense 71347.30
Net Profit -29307.80
Net Profit Margin (%) -69.97
Earnings Per Share (EPS) -8.43
EBITDA 16398.30
Effective Tax Rate (%) 0.00
Particulars MAR 2022 (Values in Cr)
Revenue 38202.40
Operating Expense 66618.10
Net Profit -28237.20
Net Profit Margin (%) -73.91
Earnings Per Share (EPS) -9.82
EBITDA 15593.70
Effective Tax Rate (%) 0.00
Particulars MAR 2021 (Values in Cr)
Revenue 41658.90
Operating Expense 66142.00
Net Profit -46293.70
Net Profit Margin (%) -111.12
Earnings Per Share (EPS) -16.11
EBITDA -5416.70
Effective Tax Rate (%) 0.04
Particulars MAR 2025 (Values in Cr)
Book Value / Share -15.03
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 43.95
Particulars MAR 2024 (Values in Cr)
Book Value / Share -20.78
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 42.18
Particulars MAR 2023 (Values in Cr)
Book Value / Share -15.28
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 40.56
Particulars MAR 2022 (Values in Cr)
Book Value / Share -19.29
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 42.40
Particulars MAR 2021 (Values in Cr)
Book Value / Share -13.30
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 41.26
Particulars MAR 2025 (Values in Cr)
Book Value / Share -14.96
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 42.86
Particulars MAR 2024 (Values in Cr)
Book Value / Share -20.68
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 40.97
Particulars MAR 2023 (Values in Cr)
Book Value / Share -15.17
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 39.12
Particulars MAR 2022 (Values in Cr)
Book Value / Share -19.13
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 40.80
Particulars MAR 2021 (Values in Cr)
Book Value / Share -13.12
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin 39.95
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 10568.50
Total Assets 197866.60
Total Liabilities 197866.60
Total Equity -70320.20
Share Outstanding 71393035001
Price to Book Ratio -0.46
Return on Assets (%) -13.83
Return on Capital (%) -21.74
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 536.20
Total Assets 184997.70
Total Liabilities 184997.70
Total Equity -104166.80
Share Outstanding 50119820375
Price to Book Ratio -0.64
Return on Assets (%) -16.88
Return on Capital (%) -30.19
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 855.40
Total Assets 207242.70
Total Liabilities 207242.70
Total Equity -74359.10
Share Outstanding 48679689205
Price to Book Ratio -0.38
Return on Assets (%) -14.13
Return on Capital (%) -23.03
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 3496.60
Total Assets 194029.10
Total Liabilities 194029.10
Total Equity -61964.80
Share Outstanding 32118847885
Price to Book Ratio -0.51
Return on Assets (%) -14.55
Return on Capital (%) -21.9
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 2216.50
Total Assets 203480.60
Total Liabilities 203480.60
Total Equity -38228.00
Share Outstanding 28735389240
Price to Book Ratio -0.71
Return on Assets (%) -21.73
Return on Capital (%) -31.13
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 10471.00
Total Assets 197457.60
Total Liabilities 197457.60
Total Equity -69856.20
Share Outstanding 71393035001
Price to Book Ratio -0.46
Return on Assets (%) -13.89
Return on Capital (%) -21.68
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 453.90
Total Assets 185001.40
Total Liabilities 185001.40
Total Equity -103644.00
Share Outstanding 50119820375
Price to Book Ratio -0.64
Return on Assets (%) -16.88
Return on Capital (%) -29.97
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 771.60
Total Assets 207273.10
Total Liabilities 207273.10
Total Equity -73838.80
Share Outstanding 48679689205
Price to Book Ratio -0.38
Return on Assets (%) -14.13
Return on Capital (%) -22.9
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 3378.20
Total Assets 193931.40
Total Liabilities 193931.40
Total Equity -61436.20
Share Outstanding 32118847885
Price to Book Ratio -0.51
Return on Assets (%) -14.56
Return on Capital (%) -21.78
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 2013.80
Total Assets 203131.40
Total Liabilities 203131.40
Total Equity -37707.60
Share Outstanding 28735389240
Price to Book Ratio -0.71
Return on Assets (%) -22.79
Return on Capital (%) -38.65
Particulars MAR 2025 (Values in Cr)
Net Income -27367.60
Cash from Operations 8815.10
Cash from Investing -16248.30
Cash from Financing 7046.70
Net change in Cash 89.00
Free Cash Flow 18820.10
Particulars MAR 2024 (Values in Cr)
Net Income -30409.80
Cash from Operations 17855.70
Cash from Investing -1906.80
Cash from Financing -18980.30
Net change in Cash -61.00
Free Cash Flow 19469.60
Particulars MAR 2023 (Values in Cr)
Net Income -29297.60
Cash from Operations 17523.80
Cash from Investing -5413.60
Cash from Financing -14679.50
Net change in Cash -1224.40
Free Cash Flow 21466.00
Particulars MAR 2022 (Values in Cr)
Net Income -28234.10
Cash from Operations 15917.50
Cash from Investing -5730.30
Cash from Financing -10553.80
Net change in Cash 1102.90
Free Cash Flow 21926.40
Particulars MAR 2021 (Values in Cr)
Net Income -44253.40
Cash from Operations 14849.40
Cash from Investing 1075.10
Cash from Financing -16731.40
Net change in Cash -16.60
Free Cash Flow 19559.10
Particulars MAR 2025 (Values in Cr)
Net Income -27442.10
Cash from Operations 8138.40
Cash from Investing -15283.80
Cash from Financing 6906.70
Net change in Cash 64.30
Free Cash Flow 17884.50
Particulars MAR 2024 (Values in Cr)
Net Income -30414.20
Cash from Operations 17243.10
Cash from Investing -1267.10
Cash from Financing -18964.70
Net change in Cash -67.40
Free Cash Flow 18738.50
Particulars MAR 2023 (Values in Cr)
Net Income -29307.80
Cash from Operations 17014.00
Cash from Investing -4966.00
Cash from Financing -14592.90
Net change in Cash -1192.80
Free Cash Flow 20779.40
Particulars MAR 2022 (Values in Cr)
Net Income -28237.20
Cash from Operations 15376.60
Cash from Investing -5222.80
Cash from Financing -10463.90
Net change in Cash 1174.20
Free Cash Flow 21152.90
Particulars MAR 2021 (Values in Cr)
Net Income -46314.50
Cash from Operations 14422.50
Cash from Investing 1569.90
Cash from Financing -16773.80
Net change in Cash -78.20
Free Cash Flow 18917.70
Company Name Price P/E P/B Market Cap 52 Week Low/High
MAHANAGAR TELEPHONE NIGAM 36.79 0.00 -0.08 2317.77 34.04 / 58.00
TATA COMMUNICATIONS LTD 1793.40 51.21 17.94 51111.90 1293.00 / 2004.00
NETTLINX LTD. 19.18 8.68 0.78 46.37 16.00 / 100.00
BHARTI AIRTEL LIMITED 2106.70 37.99 10.20 1267629.76 1561.00 / 2174.70
Company Name Price P/E P/B Market Cap 52 Week Low/High
QUADRANT TELEVENTURES LIMITED 0.43 0.00 0.00 26.33 0.30 / 1.31
MAHANAGAR TELEPHONE NIGAM 36.79 0.00 -0.08 2317.77 34.04 / 58.00
TATA COMMUNICATIONS LTD 1793.40 95.55 5.05 51111.90 1293.00 / 2004.00
GTL LTD 8.10 0.00 -0.02 127.41 6.87 / 13.14

VODAFONE IDEA LIMITED shareholding pattern

Holding

63.68%
25.56%
5.98%
4.75%
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VODAFONE IDEA LIMITED Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
11.78 1.55 redarrow
red-green-graph indicator
15 Bearish
1 Bullish
  • 5 Days 11.60
  • 26 Days 11.20
  • 10 Days 11.60
  • 50 Days 10.60
  • 12 Days 11.60
  • 100 Days 9.60
  • 20 Days 11.40
  • 200 Days 9.10
11.46 PIVOT

First Support

10.98

First Resistance

12.07

Second Support

10.37

Second Resistance

12.55

Third Support

9.89

Third Resistance

13.16

RSI

57.52

ADX

42.39

MACD

0.37

Williams % R

-40.00

Commodity Channel Index (CCI)

61.69

Date

2026-01-02

Week

261371704.00

Same Day

245187653.00

Month

205315403.00

1 Year

1.56

3 Year

1.74

Over 1 Month

16.28%

down

Over 1 Year

44.71%

down

Over 3 Months

33.56%

down

Over 3 Years

13.76%

down

Over 6 Months

56.64%

down

Over 5 Years

-0.20%

down

VODAFONE IDEA LIMITED Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
22 Sep 2016 0.6 Final 24 Sep 2016 Equity shares
18 Sep 2015 0.6 Final 22 Sep 2015 Equity shares
18 Sep 2014 0.4 Final 20 Sep 2014 Equity shares
05 Sep 2013 0.3 Final 07 Sep 2013 Equity shares

Dividend date Dividend amount Dividend type Record date Instrument type
22 Sep 2016 0.6 Final 24 Sep 2016 Equity shares
18 Sep 2015 0.6 Final 22 Sep 2015 Equity shares
18 Sep 2014 0.4 Final 20 Sep 2014 Equity shares
05 Sep 2013 0.3 Final 07 Sep 2013 Equity shares

Vodafone Idea share results highlight 

In Q1 FY26, sales stood at ₹11,022 crore compared to ₹10,508 crore in Q1 FY25. Expenses were ₹6,410 crore in Q1 FY26 against ₹6,304 crore in Q1 FY25.  Interest cost was ₹5,893 crore in Q1 FY26 compared to ₹5,519 crore in Q1 FY25. Depreciation stood at ₹5,472 crore in Q1 FY26 against ₹5,369 crore in Q1 FY25. Net loss was ₹6,608 crore in Q1 FY26 compared to ₹6,432 crore in Q1 FY25. EPS was -0.61 in Q1 FY26 against -0.95 in Q1 FY25.

Vodafone Idea annual reports 

In FY 2024-25, sales stood at ₹43,571 crore compared to ₹42,652 crore in FY 2023-24. Expenses were ₹25,523 crore in FY 2024-25 against ₹25,580 crore in FY 2023-24. Other income increased to ₹1,100 crore in FY 2024-25 compared to ₹917 crore in FY 2023-24. Interest cost was ₹24,543 crore in FY 2024-25 against ₹25,766 crore in FY 2023-24. Depreciation stood at ₹21,973 crore in FY 2024-25 compared to ₹22,634 crore in FY 2023-24. EPS was ₹-3.84 in FY 2024-25 compared to ₹-6.23 in FY 2023-24.

Vodafone Idea dividend 

Vodafone Idea Limited has not declared any dividend since 2016. The last declared dividend was ₹0.60 per share with an ex-date of 22 September 2016.  

About Vodafone Idea 

Vodafone Idea Limited (VIL), a telecom operator formed from the collaboration between Aditya Birla Group and Vodafone Group UK, is the third largest operator in India, offering voice, data, enterprise services, messaging, IoT, cloud and managed services, and other value-added services. It operates in a pan-India integrated wireless broadband capacity - offering 2G, 3G and 4G services - has licenses for National & International Long Distance, and as an Internet Service Provider. 

The company was registered on March 14, 1995, as Birla Communications Limited. It received GSM licenses for Gujarat and Maharashtra and began services in 1997. It subsequently changed its name to Birla AT&T Communications Limited, Birla Tata AT&T Limited in 2000, and was renamed Idea Cellular Limited in 2002. 

In the early 2000s, the company began expanding operations into Andhra Pradesh and Madhya Pradesh with acquisitions and mergers until it acquired Escotel Mobile Communications in 2004. It commercially launched EDGE services in 2005, and in 2006, it was a part of Aditya Birla Group after Tata Group exited the company. In 2006 the company received licenses for the Mumbai and Bihar circles.

Between 2006 and 2009, the company's network portfolio was enhanced, new subsidiaries were formed, and it engaged in the infrastructure sharing service offered through Indus Towers. The company entered new service areas as a result of receiving unified access licenses in 2008 and began offering services in places like Punjab, Karnataka, California, Tamil Nadu, etc. By 2010, the company had expanded across the country and was launching new services such as Buddy Recharge, self-care portals, and Nokia Life Tools.

In 2010, the company also obtained the ISP license and acquired 3G spectrum in 11 service areas. By 2011, the company launched mobile number portability (MNP) and 3G services, starting with the rollout of 4G services. In 2014, the company acquired spectrum in the 900 MHz and 1800 MHz bands and launched 4G services in key markets. In 2015 and 2016, the company expanded its 4G services to South India and then to the rest of India while consolidating its tower infrastructure under a subsidiary.

In 2017, the company launched apps for digital services such as Idea Music Lounge, Idea Movie Club, and Idea Game Spark. On March 20, 2017, Idea Cellular and Vodafone Group Plc announced that they would merge. The deal created the largest operator in India at the time and was completed in 2018. 

Post-merger, the company increased its broadband presence by expanding to over 2,60,000 sites by the end of 2017, and it sold its tower business to ATC Telecom in 2017. The merger received all regulatory approvals in 2018, and the merged entity became Vodafone Idea Limited in August 2018. The company, in 2018, raised capital by way of preferential allotments and qualified institutional placements (QIPs) to pay down debt.

As of March 2020, the company had a subscriber base of 29.37 crore, falling to 26.78 crore by March 2021, with broadband subscribers at 12.36 crore. In 2021, they also acquired new spectrum in five circles.

By 2022, they had over 4,55,000 broadband sites, noted that all 4G sites were VoLTE enabled, and they also launched advanced consumer and marketing analytics platforms leveraging big data and AI/ML. They also enhanced the enterprise portfolio with integrated IoT solutions. In FY 2023, they acquired significant spectrum for their 5G rollout, which included mid-band and mmWave frequencies in multiple circles.

Vodafone Idea re-farmed its 3G spectrum to increase 4G; it also launched Vi One, which provided broadband, mobility, and OTT services within a single plan. Tariffs were revised across prepaid and postpaid segments. The company renewed its 900 MHz spectrum in UP West and West Bengal in the June 2024 spectrum auction, as well as increased its spectrum holdings in seven circles, and acquired spectrum in Madhya Pradesh and Bihar. 

 

Popular FAQs

Who is the CEO of Vodafone Idea Limited?

The CEO of Vodafone Idea Limited is Akshaya Moondra.

 

When was Vodafone Idea Limited established?

Vodafone Idea Limited was incorporated as Birla Communications Limited on March 14, 1995, and granted a certificate of commencement of business on August 11, 1995, with its registered office in Mumbai, Maharashtra.

 

What factors influence the Vodafone Idea Share Price?

The Vodafone Idea share price is influenced by factors such as debt load, company performance, subscriber base, market share, liquidity, government support, and the competitive landscape in the telecom industry. Additionally, changes in revenue, earnings, and industry conditions impact stock price fluctuations.

 

Is Vodafone Idea Limited debt-free?

No, Vodafone Idea Limited is not debt-free. As of June 2024, it has a debt load of ₹4,650 crore, alongside ₹2.1 trillion owed to the government. It faces significant debt repayment obligations, including ₹43,000 crore annually between FY2027-31.

 

What is the CAGR of Vodafone Idea Share?

The compound annual growth rate (CAGR) return for Vodafone Idea shares is -43.2%.

 

How has the Vodafone Idea Share Price performed over the past year?

Over the past year, the Vodafone Idea share price has declined by -43.46%. The stock is currently trading at ₹7.48 as of November 13, 2024, with a 52-week high of ₹19.15 and a low of ₹7.59.

VODAFONE IDEA LIMITED Share Price

Vodafone Idea Limited, a partnership between two strong promoters- Aditya Birla Group and Vodafone Group UK, is third largest telecommunications provider in India, offering Voice, Data, Enterprise Services and other Value Added Services (VAS), including Short Messaging Services, Digital Services, IoT Services, Cloud, Managed Services, etc.

The Company is an Aditya Birla Group Company, which offers basic voice and short message service (SMS) services to high-end value added and general packet radio service (GPRS) services, such as Blackberry, Datacard, Mobile TV and Games. The Company is a pan-India integrated wireless broadband operator offering 2G, 3G and 4G services, and has its own National Long Distance (NLD) and International Long Distance (ILD) operations, and Internet Service Provider (ISP) license. The Company offers affordable and world-class mobile services to varied segments of mobile users. It has a large spectrum holding comprising 8,005.2 MHz spectrum across 22 Service Areas, of which 7,975.2 MHz is liberalised spectrum which can be used towards deployment of any technology.

Vodafone Idea Limited was incorporated on March 14, 1995 with the name 'Birla Communications Limited'. The Company obtained licenses for providing GSM-based services in the Gujarat and Maharashtra Circles following the original GSM license bidding process. In 1996, the name of the Company was changed from Birla Communication Limited to Birla AT&T Communications Limited, following joint venture between Grasim Industries and AT&T Corporation. In the year 1997, they commenced operations in the Gujarat and Maharashtra Circles. Further, the name was changed to Birla Tata AT&T Limited from Birla Communication Limited in 2000 and again to Idea Cellular Limited in 2002. The name was later on changed to Vodafone Idea Limited from Idea Cellular Limited in August, 2018.

In the year 2000, the company merged with Tata Cellular Ltd, thereby acquired original license for the Andhra Pradesh Circle. In the year 2001, they acquired the RPG Cellular Ltd and consequently, they acquired the license for the Madhya Pradesh (including Chattisgarh) Circle. Also, they obtained the license for providing GSM-based services in the Delhi Circle following the fourth operator GSM license bidding process.

In the year 2002, Company commenced commercial operation in Delhi circle. In June, 2002, they acquired Swinder Singh Satara & Company Ltd through a share purchase agreement. In the year 2004, the company acquired Escotel Mobile Communications Ltd (subsequently renamed as Idea Mobile Communications Limited). They commercially launched EDGE services 2005 and became the first operator in India to do so.

In the year 2005, the company won an Award for the 'Bill Flash' service at GSM Association Awards in Barcelona, Spain. They sponsored the International Indian Film Academy Awards. In the year 2006, the company became a part of the Aditya Birla Group subsequent to the TATA Group transferring their entire shareholding in the company to the Aditya Birla Group. They received Letter of Intent from the DoT for a new UAS License for the Mumbai Circle. Also, they received Letter of Intent from the DoT for a new UAS License for the Bihar Circle through Aditya Birla Telecom Ltd.

During the year 2006-07, the company commenced National Long Distance service to carry part of the Company's own traffic. They launched commercial mobile services in the service areas of Rajasthan, Uttar Pradesh (East) and Himachal Pradesh. They made Initial Public Offering and raised Rs 25,000 million. They won an award for the 'CARE' service in the 'Best Billing or Customer Care Solution' at the GSM Association Awards in Barcelona, Spain.

During the year, the company entered into a ten years business transformation pact to integrate, innovate, and transform its business processes and IT infrastructure with International Business Machines (IBM). They signed USD 500 million contract with Nokia Siemens Networks to expand and strengthen the Company's network. Also, they singed a USD 343 million contract for GSM expansion with Ericsson in the Maharashtra, Gujarat, Rajasthan, Madhya Pradesh and Himachal Pradesh service areas.

In June 2006, Escorts Telecommunications Ltd became the subsidiary of the company and subsequently was renamed as Idea Telecommunications Ltd. In February 2007, they acquired 10,000,000 equity shares of Rs.10 each of Aditya Birla Telecom Ltd, a company holding License to operate in the telecom service area of Bihar, for a purchase consideration of Rs 100 million.

During the year 2007-08, the company expanded their network from 4432 cities and towns to 13308 cities and towns. They formed three new subsidiaries namely, Idea Cellular Services Ltd, Idea Cellular Infrastructure Services Ltd and Idea Cellular Tower Infrastructure Ltd. The main purpose of Idea Cellular Services Ltd is to provide manpower services to Idea Cellular and Idea Cellular Infrastructure Services Ltd & Idea Cellular Tower Infrastructure Ltd are meant for hiving off Idea's passive infrastructure network.

In December 2007, the company in association with Bharti Airtel and Vodafone Essar formed a joint venture, namely Indus Tower to provide passive infrastructure services in India to all operators on a non discretionary basis. In February 2008, the company received the Unified Access Services Licences for the telecom service areas of Punjab, Karnataka, Tamilnadu including Chennai, North East, West Bengal, Kolkatta, Jammu & Kashmir, Orissa and Assam.

During the year 2008-09, the company acquired 40.8% stake in Spice Communications Ltd (Spice), having operations in Punjab and Karnataka service areas, from MCorp Global Communications Pvt Ltd, the erstwhile promoters of Spice. They launched services in Mumbai, Orissa, Tamil Nadu (including Chennai), Jammu & Kashmir, Kolkata and West Bengal. In addition, Aditya Birla Telecom Ltd, a wholly owned subsidiary, launched operations in Bihar (including Jharkhand) service area.

During the year, the company made a tie-up with Indian Oil Corporation, the largest petroleum company in India, to use their petrol pumps and gas agencies for branding and distribution of Idea SIM Cards and Recharge Vouchers. They were the first operator in India to launch Nokia Life Tools in association with Nokia. They launched 'International Airtime Transfer', a unique VAS service, whereby NRI community can directly recharge the prepaid mobiles of Idea subscribers in India through several international merchants and the web in Gulf, the USA and UK.

During the year, the company launched NetSetter Data Cards and Blackberry solutions to cater to their data-savvy consumer segments. As per the scheme of arrangement, the company de-merged their passive infrastructure assets in the service areas of Andhra Pradesh, Delhi, Gujarat, Uttar Pradesh (both East & West including Uttarakhand), Haryana, Kerala, Rajasthan and Mumbai to Idea Cellular Towers Infrastructure Ltd, a wholly owned subsidiary, with an appointed date of January 1, 2009.

During the year 2009-10, the company expanded their pan-India presence through service launches in Orissa, Tamil Nadu, Jammu & Kashmir, Kolkata, West Bengal, Assam and North East service areas, thereby making it a nationwide service provider. As one of Idea's new VAS activities, the company launched 'Buddy Recharge' - a unique peer-to-peer talk time transfer product. They also launched Oongli Cricket during the IPL season.

During the year, the company launched a standardized self care portal 'CARE' which gives information to the customer on products/tariffs and information of their account such as billed amount, last recharge, last calls, unbilled amount, etc. They were the first operator to launch 'Pre Tones', which is an innovative VAS service which allows the user to listen to the caller tones of his/her own choice while making an outgoing call instead of listening to the respondent's caller tone.

As per the scheme of arrangement, the company telecom operations of the Bihar service area along with certain assets and liabilities of Aditya Birla Telecom Ltd, a wholly owned subsidiary was de-merged and transferred to the company with effect from March 1, 2010. Spice Communications Ltd which had operations in the Punjab and Karnataka service areas, and licenses for National and International Long Distance operations was amalgamated with the company with effect from March 1, 2010. Also, Carlos Towers Ltd became a subsidiary company pursuant to the amalgamation of Spice Communications Ltd with the company.

In April 2010, the company received a License for providing pan India Internet Services (ISP License). In the 3G Spectrum auction, the company emerged as a winner in 11 Service Areas viz. Maharashtra, Gujarat, Andhra Pradesh, Kerala, Punjab, Haryana, Uttar Pradesh (E), Uttar Pradesh (W), Madhya Pradesh, Himachal Pradesh and Jammu & Kashmir, at a total cost of Rs 5,768.59 crore.

During the year under review, the company became a pan India operator following the roll out of services in the remaining service areas of Orissa, Tamilnadu (including Chennai), Jammu & Kashmir, West Bengal, Kolkata, North East and Assam.

In January 20, 2011, the Company launched mobile number portability (MNP), an invite to all Indian mobile customers to change their wireless operator, while retaining their mobile number. In March, 2011 Company launched 3G services in 9 out of these 11 service areas. The Company also entered into bilateral roaming arrangement for the service areas of Mumbai, Bihar, Karnataka, Delhi, Kolkata and Tamil Nadu (including Chennai), with leading quality operators, enabling it to offer 3G services in 15 service areas.

In 2012, Department of Telecom (DoT) has said that the proposal of Malaysia based Axiata group to raise 1 per cent stake in Idea cellular to 21 per cent would not create any fresh security threat for the country. The company bagged the prestigious World Communication Awards 2012 (WCA) under the Best Brand Campaign' category at the recently held awards ceremony in London. The company wins at the prestigious World Communication Awards 2012, second year consecutively. In 2013, the company Signs Unified License with the Department of Telecommunications -Idea Cellular introduces buffet plans for post-paid subscribers. In 2014, the company wins wins 900 MHz for Delhi, and 4G in 8 strategic markets.

In 2015, Microsoft has tied with Idea Cellular to launch operator billing on the Windows Store for Idea subscribers. The company has successfully retained the crucial 900 MHz spectrum and won 54 MHz of 900 MHz spectrum. Videocon Telecommunications sold its spectrum in Gujarat and UP (West) circles to the company at a valuation of Rs 3,310 crore during the year. The company launches world-class, high-speed 4G LTE services in all four Telecom service areas of South India. The company launches 4G in all 5 states of South India, Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana.

In 2016, Idea Cellular launched 4G services across key markets viz. Madhya Pradesh & Chhattisgarh, Punjab, Haryana, Orissa, North East Service Area and Himachal Pradesh. During the year, the company won spectrum in FDD technology on 1800 and 2100 bands, and in TDD technology on 2300 and 2500 bands to achieve pan-India wireless broadband footprint.

On 16 March 2016, Idea Cellular and Videocon Telecommunications Limited mutually agreed to terminate their earlier agreement regarding Transfer of Right to Use 1800 MHz Spectrum' in two service areas with immediate effect. Earlier, on 24 November 2015, the Board of Directors of Idea had empowered the company to enter into an acquisition agreement for right to use 1800 MHz spectrum of Videocon Telecommunications Limited (VTL) in the telecom service areas of Gujarat and U.P. (West) for an aggregate consideration of Rs 3310 crore (approx.), pursuant to the DoT Guidelines for Trading of Access Spectrum by Access Service Providers dated 12 October 2015.

The Board of Directors of Idea Cellular at its meeting held on 28 April 2016 decided to consolidate the company's business of providing tower infrastructure services through approximately 7,997 telecom towers that it owns and operates across India (Tower Infrastructure Undertaking) with its wholly owned subsidiary, Idea Cellular Infrastructure Services Limited (ICISL) which is engaged in the business of providing tower infrastructure services in Bihar and Orissa. To implement this transaction, a business transfer agreement will be executed between Idea Cellular and ICISL. ICISL will issue approximately 10,000 equity shares to Idea Cellular in consideration for the tower infrastructure undertaking. The transfer of the tower infrastructure undertaking to ICISL is expected to be completed within 3 to 6 months subject to obtaining requisite regulatory approvals.

On 30 January, 2017, Idea Cellular announced the launch of 3 new exciting entertainment apps - Idea Music Lounge, Idea Movie Club, and Idea Game Spark. The new suite of integrated Digital Apps present one of the best range of entertainment content for its nearly 200 million customers. With the launch of Idea Music Lounge, Idea Movie Club and Idea Game Spark, the company has begun its transformation from a pure play mobile operator to an integrated digital services and solutions provider.

On 20 March 2017, Idea Cellular and Vodafone Group Plc announced that they have reached an agreement to combine their operations in India (excluding Vodafone's 42% stake in Indus Towers) to create India's largest telecom operator. The combined company would become the leading communications provider in India with almost 400 million customers, 35% customer market share and 41% revenue market share. The brand strategy of the combined company will be developed in due course and will leverage customers' affinity for both existing brands, built up over the past decade.

The combined company will have sufficient spectrum to compete effectively with the other major operators in the market. It would hold 1,850 MHz, including circa 1,645 MHz of liberalised spectrum acquired through auctions. It will be capable of building substantial mobile data capacity, utilising the largest broadband spectrum portfolio with 34 3G carriers and 129 4G carriers across the country. Vodafone India's strong presence in metro circles and Idea's leadership in semi-urban and rural telecom markets will allow for nationwide leadership within Indian M&A guidelines. In circles where both Idea and Vodafone India currently have a limited presence, the combined entity will become the leading challenger with the scale to compete more effectively and enhance consumer choice.

On 25 May 2017, Idea Cellular announced that it has completed pan-India 4G rollout with the launch of 4G services in Mumbai on 2100 MHz spectrum band.

On 24 July, 2017, Idea Cellular announced that the Competition Commission of India has approved the proposed merger of Vodafone India, Vodafone Mobile Services Limited, and Idea Cellular under sub section (1) of section 31 of the Act. The transaction is expected to close during calendar year 2018 subject to customary approvals.

On 14 September 2017, Idea Cellular announced that it has achieved a major milestone in its network growth journey. The company has rapidly expanded network to 260,000 sites across the country with 50% sites dedicated to mobile broadband services, establishing it as India's Big 4G network'. Idea added nearly 50,000 broadband sites over the last 12 months period ending August 2017, growing its broadband footprint to cover 5,888 Census towns and nearly 105,755 villages, reaching out to 45% population of the country. It has set up an optical fibre network of approximately 150,000 route kms to strengthen its wireless broadband services.

On 13 November 2017, Idea Cellular and Vodafone India announced that they have separately agreed to sell their respective standalone telecom tower businesses in India to ATC Telecom Infrastructure Private Limited, a majority owned subsidiary of American Tower Corporation, for an aggregate enterprise value of Rs 7850 crore (USD 1.2 billion). The standalone telecom tower businesses of Idea Cellular and Vodafone India are pan-India passive telecommunication infrastructure businesses, comprising a combined portfolio of approximately 20,000 towers with a combined tenancy ratio of 1.65x as at 30 June 2017.

On 12 January 2018, Idea Cellular announced that the National Company Law Tribunal Bench at Ahmedabad vide its order dated 11 January 2018 has sanctioned the Composite Scheme of Amalgamation and Arrangement among Vodafone Mobile Services Limited and Vodafone India Limited and Idea Cellular and their respective shareholders and creditors. On 12 February 2018, Idea Cellular completed the allotment of 32.66 crore equity shares to the promoter Aditya Birla Group entities at an issue price of Rs 99.50 per share aggregating to Rs 3250 crore. As a result of this preferential allotment, the aggregate shareholding of the promoter group in Idea has increased from 42.4% to 47.2%.

On 23 February 2018, Idea Cellular announced the successful closure of its qualified institutions placement. The company issued and allotted approximately 42.42 crore equity shares of face value of Rs 10 each to qualified institutional buyers at an issue price of Rs 82.50 per equity share, aggregating to approximately Rs 3500 crore. This equity raise of Rs 3500 crore along with recent infusion of Rs 3250 crore by Idea's promoter/promoter group will reduce Idea's net-debt by approximately Rs 6750 crore.

As of March 31, 2020, Company has over 436,000 broadband (3G+4G) sites and all of the 4G sites are VoLTE enabled.

As of March 31, 2020, subscriber base of the Company stands at 293.7 million (on VLR) with subscriber market share at 29.7%.

As of March 31, 2021, the subscriber base of Company stands at 255.7 million (on VLR). s. As of March 31, 2021, it has 452,650 broadband (3G+4G) sites and all of the 4G sites are VoLTE enabled.

The Company has 267.8 million subscribers as of March 31, 2021, of which 123.6 million were broadband subscribers.

During FY21, Company has been actively upgrading 3G network to 4G further boosting coverage and capacity. It added ~43,500 4G FDD sites primarily through refarming of 2G/3G spectrum at minimal capex.

During year 2021, the Company acquired 23.6 MHz of spectrum across 900 and 1800 MHz in 5 circles like Tamil Nadu, Karnataka, Uttar Pradesh (East), Uttar Pradesh (West), and West Bengal at an aggregate value of Rs. 19.93 billion.

As of March 31, 2022, Company has 455,264 broadband (3G+4G) sites and all of its 4G sites are VoLTE enabled. The Company has 243.8 Million subscribers as of March 31, 2022, of which 118.1 Million were 4G subscribers.

In 2022, Company commissioned a state-of-the-art Consumer & Marketing Analytics Platform - India's 1st Big Data AI/ML & Advanced Cloud Analytics Platform among Telcos, which gives the capability to compute and process at scale apart from the ability to access open source knowledge banks.

During year 2022, Company strengthened its market leadership with IoT portfolio and other emerging technology businesses. It launched Integrated IoT solutions for enterprises. With this industry first initiative, VIL became the only telecom company in India to offer a secure end-to-end IoT solution offering that comprises connectivity, hardware, network, application, analytics, security and support.

During FY 2022-23, the Company acquired 850 MHz of mid band 5G spectrum (3300 MHz) in its 17 priority circles and 5,350 MHz mmWave 5G (26 GHz) spectrum in 16 circles in 2023. It acquired 6,237 MHz of spectrum at an aggregate value of Rs 188 Billion. It strengthened the Pan-India 4G footprint by acquiring additional 4G spectrum across 1800 MHz, 2100 MHz and 2500 MHz bands in 3 circles of Andhra Pradesh, Karnataka and Punjab.

As of March 31, 2023, Company has 443,537 broadband sites and all of the 4G sites are VoLTE enabled.

The Board of Directors of the Company on February 7, 2023, accordingly issued 16,133,184,899 equity shares of face value of Rs 10/- each at an issue price of Rs 10/- per equity share. Consequent to the aforesaid allotment, the Government of India held 33.1% of the equity capital on the Company and the promoter shareholding (i.e. Vodafone Group and Aditya Birla Group) stood at 50.4%.

During 2023, Vodafone Idea launched India's 1st Big Data AI/ML Cloud Advanced Analytics Platform over AWS Cloud enabling
smarter and faster marketing interventions & plan recommendation generated by Data Science & AI/ML based predictive & prescriptive models especially for UL Recruitment, UL Renewals, Churn Reduction and Digital Adoption/ Engagement.

In FY 2025, a large part of 4G capacity expansion was achieved through re-farming the spectrum from 3G to 4G. The Company launched Vi One'; a converged proposition for consumers, offering broadband + mobility + OTT services under one plan, which is an Industry first' for pre-paid segment. Further, in June 2024, Company undertook several tariff interventions in the prepaid as well as postpaid offerings across all price points, including unlimited plans as well as combo vouchers. During June 2024 spectrum auction, Company renewed it's 900 MHz spectrum in UP West and West Bengal circles, while also enhancing its 900 MHz spectrum holding in 7 circles. It acquired 1800 MHz spectrum in Madhya Pradesh and 2500 MHz spectrum in Bihar in FY 2025. It added a total of ~14,100 broadband towers-almost equivalent to the net cumulative addition of ~14,900 towers between FY20 and FY25.

Parent organization Indian Private
NSE symbol IDEA
Founded 1995
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Board Of Directors

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Neena Gupta

Independent Director

Ashwani Windlass

Independent Director

Suresh Choithram Vaswani

Independent Director

Himanshu Kapania

Non Executive Director

Sunil Sood

Non Executive Director

Sushil Agarwal

Non Executive Director

Anjani Kumar Agrawal

Independent Director

Kumar Mangalam Birla

Non Executive Director

Ravinder Takkar

Chairman (Non-Executive)

Rajat Kumar Jain

Independent Director

Selcuk Karacay

Non Executive Director

Sunirmal Talukdar

Independent Director

Pankaj Kapdeo

Company Sec. & Compli. Officer

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Frequently Asked Questions

What is the Current Share Price of Vodafone Idea Ltd?

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Vodafone Idea Ltd share price is for NSE ₹ 11.78 & for BSE ₹ 11.79 as on Jan 02 2026 03:30 PM.

What is the Market Cap of Vodafone Idea Ltd Share?

Answer Field

The market cap of Vodafone Idea Ltd for NSE ₹ 84,100.99 & for BSE ₹ 84,172.39 as on Jan 02 2026 03:30 PM.

What is the 52 Week High and Low of Vodafone Idea Ltd?

Answer Field

The 52 Week High and Low of Vodafone Idea Ltd for NSE is ₹ 12.80 and ₹ 6.12 and for BSE is ₹ 12.80 and ₹ 6.12.

What is 1 year return for Vodafone Idea Ltd?

Answer Field

The 1 year returns on the stock has been 44.71%.

What is the P/E Ratio of Vodafone Idea Ltd Share?

Answer Field

As on Jan 02 2026 03:30 PM the price-to-earnings (PE) ratio for Vodafone Idea Ltd share is -4.91.

What is the PB ratio of Vodafone Idea Ltd Share?

Answer Field

As on Jan 02 2026 03:30 PM, the price-to-book (PB) ratio for Vodafone Idea Ltd share is -7.57.

How to Buy Vodafone Idea Ltd Share?

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You can trade in Vodafone Idea Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Vodafone Idea Ltd Share on Bajaj Broking App?

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To buy Vodafone Idea Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Vodafone Idea Ltd”

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• Place a buy order specifying the desired quantity of shares.

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Who is the CEO of Vodafone Idea Limited?

Answer Field

The CEO of Vodafone Idea Limited is Akshaya Moondra.

When was Vodafone Idea Limited established?

Answer Field

Vodafone Idea Limited was incorporated as Birla Communications Limited on March 14, 1995, and granted a certificate of commencement of business on August 11, 1995, with its registered office in Mumbai, Maharashtra.

What factors influence the Vodafone Idea Share Price?

Answer Field

The Vodafone Idea share price is influenced by factors such as debt load, company performance, subscriber base, market share, liquidity, government support, and the competitive landscape in the telecom industry. Additionally, changes in revenue, earnings, and industry conditions impact stock price fluctuations.

Is Vodafone Idea Limited debt-free?

Answer Field

No, Vodafone Idea Limited is not debt-free. As of June 2024, it has a debt load of ₹4,650 crore, alongside ₹2.1 trillion owed to the government. It faces significant debt repayment obligations, including ₹43,000 crore annually between FY2027-31.

What is the CAGR of Vodafone Idea Share?

Answer Field

The compound annual growth rate (CAGR) return for Vodafone Idea shares is -43.2%.

How has the Vodafone Idea Share Price performed over the past year?

Answer Field

Over the past year, the Vodafone Idea share price has declined by -43.46%. The stock is currently trading at ₹7.48 as of November 13, 2024, with a 52-week high of ₹19.15 and a low of ₹7.59.

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The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.