Vodafone Idea valuation — what today's price assumes
Ten years of Vodafone Idea (IDEA)'s results, the ratios that matter for this business, and the growth and returns today's share price already implies — all built from its filed accounts.
We do not publish one number for Vodafone Idea — and here is why.
Vodafone Idea is really several different businesses under one roof, and they do not work the same way. Adding them together into a single “fair value” would produce a figure that describes none of them. So we value each part on its own terms instead of printing one number that looks tidy and means little.
What the market is assuming
Worked backwards from today's share price: the growth today’s price implies for Vodafone Idea, against what the model assumes.
How to read this. The number on the left is the growth today’s share price quietly takes for granted. The number on the right is what the model actually assumes. When the two are far apart, that gap is the bet you would be taking.
Ten years, in charts
Revenue and earnings per share in ₹, return on equity and leverage as ratios — all from the filed statements.
The numbers behind them
Revenue and net profit as filed, in ₹ crore.
| Year | Revenue | Net profit | Margin |
|---|---|---|---|
| FY2019 | 37,092 | -14,604 | -39.4% |
| FY2020 | 44,958 | -73,878 | -164.3% |
| FY2021 | 41,952 | -44,233 | -105.4% |
| FY2022 | 38,516 | -28,245 | -73.3% |
| FY2023 | 42,177 | -29,301 | -69.5% |
| FY2024 | 42,555 | -31,238 | -73.4% |
| FY2025 | 43,571 | -27,383 | -62.8% |
| FY2026 | 44,873 | 34,552 | 77.0% |
How this company gets valued — and why
This is a group of businesses with different economics. A single discounted cash flow across all of them averages them into something that describes none of them, so our engine withholds a single blended fair value rather than publishing a number it cannot defend. The parts are valued separately instead.
Estimate withheld — the engine says so itselfUnderstand this method
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The complete valuation
Unlock the complete valuation report
- ✓Fair value per share — with the full working behind it
- ✓Bull, base and bear cases — and what moves between them
- ✓Every assumption — growth, margins, cost of capital, with sources
- ✓Peer comparison — how rivals are priced on the same measures
- ✓Downloadable PDF report — the full write-up, yours to keep
Frequently asked
Is Vodafone Idea overvalued?
At ₹14 the market is pricing in roughly 33% sustained growth, against the ~2% its own record supports. That is more than it has delivered, so the price is justified only if the business can hold a rate it has not previously sustained.
What is the intrinsic value of Vodafone Idea?
This business is a group of operations with different economics, so a single blended figure would describe none of them. The parts are valued separately and the breakdown is in the report, rather than one number that cannot be defended.
How does FairStocks calculate fair value?
From published financial statements. The method is chosen to fit the business — a bank on excess return, a regulated utility on its rate base, a conglomerate by its parts — and every assumption is shown with its source. When the numbers do not support an estimate, no estimate is published. This is an educational research tool: it reports what the model computed and does not recommend buying or selling anything.
What assumptions are used to value Vodafone Idea?
A cost of capital of 10.44%, growth drawn from the company's own record rather than from guidance, and the valuation method that fits the business. All of them are listed in the report, with how much each one moves the answer.