Vodafone Idea cup and handle pattern breakout chart
Technical analysis
·
Market Cap ₹ 1,22,247 Cr.
·
Current Price ₹ 18.0
· 52 Week High / Low ₹ 18.5 / 7.15
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Stock P/E
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Book Value ₹ -20.8
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Dividend Yield 0.00 %
·
ROCE -3.56 %
·
ROE%
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Face Value ₹ 10.0
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Industry PE 51.1
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Promoter holding 38.2 %
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Pledged percentage 0.00 %
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Debt to equity
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Profit Prev 12M ₹ -29,983 Cr.
·
EPS ₹ -6.23
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Price to book value
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EVEBITDA 21.2
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Price to Earning
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No. Eq. Shares 6,788
·
Change in Prom Hold -12.2 %
About
One of the top telecom service providers in India is Vodafone Idea. The company trades in handsets and data cards in addition to providing long-distance and mobility services.
Fund Raise
· Raised the most money in the nation, Rs. 180 billion, through FPO.
OCDs of Rs. 14.4 billion were converted into equity shares by ATC.
· ABG promoter group company makes a preferred equity share issue
of Rs. 20.75 billion.
· Between March 2022 and May 2024, the combined promoter groups
will inject about Rs. 70 billion in funds.
· Rs. 215 billion in equity has been successfully raised during the
last three months.
Strategy Initiative
· Concentrated approach to capital expenditures throughout
the following three years.
· Capex for extending 4G coverage, introducing 5G, increasing
capacity, and boosting enterprise business is expected to be
between Rs. 500 and Rs. 550 billion.
· Refarming the 3G spectrum to 4G, finished in six circles.
· Four rings have completed their 5G minimum deployment
requirements, while advanced experiments for new technologies
such as Open RAN have been completed.
- In order to raise ARPU, concentrate on signing up more users for
- Unlimited Data plans.
Digital Revenue Stream
· Strong digital strategy for developing into a fully integrated provider
of digital services.
· Vi App is a multi-utility provider that offers services for paying
utility bills, gaming, entertainment, and online marketplaces.
· Introduced Vi Movies & TV, a packaged subscription that gives users
access to their preferred OTTs, for connected TV.
· Growing and optimizing OTT bundle products for both postpaid and
prepaid users.
Future Outlook
· Good prospects for expansion with a recent fundraising campaign and
well-planned projects.
· Making the switch to Vi 2.0 while concentrating on a quick recovery and
active involvement in market expansion prospects.
· Initiating a funding cycle to introduce 5G services and increase 4G coverage
in anticipation of future expansion.
PROS
· Fii increases holding over March-2024to May-2024from
1.97% to 12.13%
· DII increases holding over March-2024to May-2024from
2.20% to 5.97%
CONS
- Company has low interest coverage
ratio.
- Promoter holding has decreased
over last quarter: -12.2%
- The company has delivered a poor sales growth of 2.83% over past five years.
- Promoter holding decreases March-2024to May-2024fro 48.91% to 38.17%
- Govt. decreases holding March-2024to May-2024from 32.23% to 23.80%