Communication Services · Telecom Services · NSE · India
₹11.36-1.47%
Market cap ₹1.23TNext earnings 2026-08-10Updated Oct 24, 2026 · valuation updating
Our verdict
No fair value
We are missing the financial data our models need for this company. It will appear once the data arrives.
Not valued: there are no financial statements on file yet.
ACCE opinionVodafone Idea Limited (IDEA.NS)
Fair value
Not available
ACCE price target
₹10.40
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ₹11.36 at the close on 23 Oct 2026, 12:00 CEST.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
54
out of 100
P/E
3.3x
forward -7.8x
1-year return
+19.3%
Dividend yield
0.00%
Vodafone Idea Limited in four questions
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Overview
ACCE thesis
Vodafone Idea runs India's third-largest mobile network, selling 4G and emerging 5G wireless voice and data plans to roughly a hundred million subscribers, with fixed-line broadband as a smaller add-on. Its moat is structural rather than operational: India's three-player market has had little room for a fourth entrant, and the company is the weakest of the three, so the case rests on a recovery in pricing and balance-sheet repair rather than on share gains. Revenue is growing 6.1%, a gross margin of 45.2% sits above the operating margin of -3.8%, and the company is still loss-making at the operating line. The trailing P/E of 3.3 and the absence of a forward multiple reflect a business whose earnings are small, volatile and dependent on government-linked spectrum and debt decisions. Whether a turnaround is priced in is the question a PM would need to test against tariff trends and the funding position before going further.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Negative forward earnings
Forward P/E of -7.9 signals analysts expect continued losses, while operating margin is -3.8%. Trailing P/E of 3.3 is flattered by non-operating gains, so headline earnings overstate underlying health.
high
Valuation rests on thin profits
EV/EBITDA of 25.6 is high for a company with a -3.8% operating margin and 6.1% revenue growth. The stock trades 9.2% above the ACCE price target of ₹10.40.
moderate
Heavy promoter ownership
Insiders hold 74.6% of shares, leaving 10.1% institutional ownership. Thin free float can amplify price moves, and insider share activity over the last 10 disclosures is unavailable.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-22 · prices to Oct 23, 2026
Why it could do well
Revenue grew 6.1% year over year in the latest filings, faster than its 2.1% average over five years.
The latest quarter beat expectations, with earnings per share of -0.50 against -0.54 expected, a 7.0% surprise.
Analysts' mean price target of INR 12.23 sits 6.1% above the current share price of ₹11.36.
Why it could disappoint
A trailing P/E of 3.3x at ₹11.36 reflects a share price that the market already treats as deeply discounted for its risks.
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Where IDEA.NS's valuation models land
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