Vodafone Idea Limited (Vi) is India’s third-largest telecom operator, formed in 2018 through the merger of Vodafone India and Idea Cellular. Headquartered in Mumbai, it serves over 240 million subscribers across urban and rural India with 4G services, digital content, and enterprise solutions. Despite its scale, the company has faced severe financial stress due to intense competition, regulatory dues, and high debt—leading to consistent losses since inception. As of January 2026, Vi remains under a government-backed revival plan, with recent equity infusion and spectrum relief offering a lifeline. However, it is not yet profitable, carries massive leverage, and trades on speculative hope rather than fundamentals. This article provides a realistic outlook on the Vodafone Idea share price target 2026–2030.
Vodafone Idea: Company Overview
- Founded: 2018 (via merger of Vodafone India and Idea Cellular)
- Chairman: Mr. Ravindra Kumar
- NSE Symbol: IDEA
- Core Business: Mobile voice & data, 4G services, IoT, and enterprise connectivity
- Market Position: #3 telecom operator in India by subscriber base; operates ~3,500+ sites
Vodafone Idea is currently undergoing a strategic restructuring under the government’s Telecom Revival Package, which includes a moratorium on AGR dues, equity conversion of interest, and 4G spectrum allocation. Its survival hinges on the successful execution of this turnaround plan.
Vodafone Idea: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹10.13 |
| Market Capitalization | ₹1,09,751.49 Cr |
| No. of Shares Outstanding | 10,834.30 Cr |
| 52-Week High / Low | ₹15.45 / ₹7.20 |
| P/E Ratio (TTM) | Not applicable (negative EPS) |
| P/B Ratio | Not applicable (negative book value) |
| EPS (TTM) | –₹2.40 |
| Book Value (TTM) | –₹7.58 |
| ROE | 0% |
| ROCE | –2.52% |
| Dividend Yield | 0.00% |
| Face Value | ₹10 |
| Cash | ₹10,471 Cr |
| Debt | ₹1,96,410.40 Cr |
| Promoter Holding | 25.57% (Vodafone Group + Aditya Birla Group) |
| Sales Growth (YoY) | 1.98% |
| Profit Growth (YoY) | 12.15%* |
*Note on “Profit Growth”: Despite reporting 12.15% YoY improvement, the company remains deeply loss-making (Net Loss: ₹10,320 Cr in FY2025). The “growth” reflects reduced losses—not actual profit.
Vodafone Idea Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹11 – ₹14 |
| 2027 | ₹12 – ₹16 |
| 2028 | ₹13 – ₹19 |
| 2029 | ₹14 – ₹22 |
| 2030 | ₹15 – ₹25 |
Important: These targets assume successful debt restructuring, no further dilution, and return to EBITDA positivity by 2027. If the revival plan fails, the stock could face delisting or near-zero value.
Vodafone Idea Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹11 | ₹14 |
Vodafone Idea remains unprofitable with a negative book value (–₹7.58) and a net debt of ₹1.86 lakh Cr. However, the government’s revival package (including ₹16,000 Cr equity infusion and spectrum relief) has stabilized operations. The 2026 target range assumes:
- Continued ARPU stabilization (~₹150/user)
- No major customer churn
- Successful conversion of interest into equity
This is a speculative recovery bet, not a fundamental investment.
Vodafone Idea Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹12 | ₹16 |
If Vi achieves EBITDA breakeven and reduces the capex burden, investor sentiment may improve. However, no dividends or earnings are expected before 2028. The 2027 target is purely based on sentiment and survival probability.
Vodafone Idea Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹13 | ₹19 |
By 2028, if Vi completes its balance sheet repair and begins generating free cash flow, the stock could re-rate modestly. However, dilution risk remains high—the company may issue more shares to raise capital.
Vodafone Idea Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹14 | ₹22 |
Long-term viability depends on:
- Successful 5G rollout (currently delayed)
- Competitive differentiation from Jio/Airtel
- Regulatory support continuity
If achieved, the stock could trade at 0.5–0.7x EV/EBITDA—but not on P/E or P/B.
Vodafone Idea Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹15 | ₹25 |
Over a five-year horizon, Vi’s upside is capped by structural challenges:
- High competition
- Low ARPU
- Legacy debt overhang
The ₹15–₹25 range assumes survival and minimal profitability—not market leadership.
Vodafone Idea: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Domestic Institutional Investors (DII) | 53.75% |
| Promoters (Vodafone + Aditya Birla) | 25.57% |
| Public & Retail | 14.69% |
| Foreign Institutional Investors (FII) | 5.99% |
High DII holding reflects government-linked institutions (e.g., LIC, SBI Mutual Fund) supporting the revival plan—not commercial conviction.
Vodafone Idea: Strengths vs Risks
Strengths:
- Government-backed revival plan
- Large subscriber base (240M+)
- 4G spectrum secured for 20 years
- Strategic importance for India’s “3-player” telecom policy
Risks:
- Negative book value (–₹7.58)
- Net debt of ₹1.86 lakh Cr
- No path to profitability before 2027
- Extreme dilution risk (face value may be reduced)
- Delisting risk if revival fails
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Very High |
| Ideal Time Horizon | 5+ years (speculative) |
| Volatility | Extremely High (penny stock behavior) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Aggressive traders betting on government-backed turnaround; not for long-term investors |
FAQs
Is Vodafone a good share to buy?
No. It is a high-risk speculative play, not a sound investment. Only allocate capital you can afford to lose entirely.
Can I buy Vodafone Idea shares?
Yes—you can buy via any SEBI-registered broker. But only with full awareness of bankruptcy risk.
Does Vodafone Idea have a future?
Only if the government revival plan succeeds. Without it, the company may face insolvency. Survival is possible; profitability is uncertain.
Is Vodafone in profit or loss?
Deep in loss. FY2025 net loss was ₹10,320 Cr. It has never reported an annual profit since the 2018 merger.
Final Verdict
Vodafone Idea is a financially distressed company kept alive by regulatory intervention. While the government’s support offers a lifeline, the road to profitability remains long and uncertain.
Our Vodafone Idea share price target 2026–2030 (₹11 to ₹25) reflects cautious optimism—rooted in policy support but tempered by extreme financial fragility. This is not an investment—it’s a gamble on national telecom policy.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener – Vodafone Idea Consolidated Page (FY2025 + TTM)
- Finology Ticker – IDEA Financials & Analysis
- Groww – Vodafone Idea Stock Profile
- Department of Telecommunications – Telecom Revival Package 2021–2025
- TRAI Quarterly Reports – Subscriber & ARPU Data
