Vodafone Idea Share Price Target 2027–2030: Revenue-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹12.57 (NSE: IDEA, BSE: 532822). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026, reported 12 Nov 2026) from Business Standard, Voice&Data and INDmoney. Price and trailing figures from StockAnalysis.

Vodafone Idea (Vi), India’s third telecom operator, reported a Q2 FY27 loss of ₹5,975 crore (₹5,513 crore before a one-off item) on revenue up 6% to ₹11,884 crore. ARPU rose 10% to ₹198. The bigger news is financing: bank debt fell to just ₹945 crore from ₹3,708 crore a quarter earlier, Vi raised ₹4,000 crore more in Q2 (₹10,500 crore in H1), and it is negotiating ₹25,000–35,000 crore of new bank facilities. Its trailing P/E (~3.7×) is distorted by a one-off AGR gain, so we use revenue per share × price-to-sales: about 3× revenue at ₹12.57.

1. Vodafone Idea Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 7% a year from today's ₹12.57 to the end of 2030.

2. How We Calculate These Targets

Target = projected revenue per share × P/S multiple. Vodafone Idea is loss-making before one-off gains, so P/E is meaningless. Each target uses projected revenue for the financial year closest to it (for example, the 2027 target uses FY27 revenue). Read our full methodology.

• Starting Revenue per share: trailing 12-month revenue of about ₹46,860 crore (including Q2 FY27) ÷ ~10,834 crore shares ≈ ₹4.32 per share.
• Bear case: Revenue per share grows 3% a year, P/S 1.5×. The bank funding falls through, subscribers decline and more dilution follows.
• Base case: Revenue per share grows 8% a year, P/S 2.8×. New bank facilities fund network capex, ARPU keeps rising with tariffs, and the subscriber base stabilises; P/S slightly below today’s ~3×.
• Bull case: Revenue per share grows 12% a year, P/S 3.8×. A full funding package lets Vi upgrade its 4G/5G network and win back customers.

Worked example (base, 2027): ₹4.32 × 1.08 = ₹4.67 FY27 Revenue per share → × 2.8 = ₹13.05.

Sensitivity — 2030 base-case Revenue per share of ₹5.88 at different multiples:

3. Latest Results: What Changed

What changed: the operating business is slowly improving — higher ARPU and more 4G/5G users — while losses before one-offs are flat. The financing picture has improved sharply: bank debt is almost repaid and fresh money is coming in. Total subscribers, though, are roughly flat to slightly down depending on the source.

What it means for the targets: the base case depends on Vi securing the ₹25,000–35,000 crore of bank facilities it is negotiating.

4. Vodafone Idea Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹12.57 on 13 Nov 2026, within a 52-week range of ₹8.13 – ₹15.79. The outcome of Vi’s bank funding talks is the key near-term event.

5. Vodafone Idea Share Price Target 2027: ₹6.65 – ₹18.4 (Base ₹13.05)

Based on FY27 Revenue per share of ₹4.45 / ₹4.67 / ₹4.84 (bear / base / bull). What to watch: closure of the ₹25,000–35,000 crore bank funding.

6. Vodafone Idea Share Price Target 2028: ₹6.85 – ₹20.6 (Base ₹14.1)

Based on FY28 Revenue per share of ₹4.58 / ₹5.04 / ₹5.42 (bear / base / bull). What to watch: total subscriber numbers — Vi needs to stop losing users.

7. Vodafone Idea Share Price Target 2029: ₹7.1 – ₹23.05 (Base ₹15.25)

Based on FY29 Revenue per share of ₹4.72 / ₹5.44 / ₹6.07 (bear / base / bull). What to watch: ARPU after the next tariff increase.

8. Vodafone Idea Share Price Target 2030: ₹7.3 – ₹25.85 (Base ₹16.45)

Based on FY30 Revenue per share of ₹4.86 / ₹5.88 / ₹6.80 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Peer Comparison

11. Risks That Would Break the Base Case

• Funding: if bank facilities aren’t secured, Vi can’t fund network investment.
• Market share: Jio and Airtel have stronger networks.
• Government dues: spectrum and remaining AGR liabilities are still large.
• Dilution and volatility: the huge share count and low price mean sharp swings.

12. What the Numbers Suggest

Vi’s finances look much healthier than a year ago, but it still loses about ₹5,500 crore a quarter before one-offs. The variable to track is the bank funding deal. If it closes, the base case (₹16.45 by 2030) is reasonable; if it stalls, expect the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

13. FAQs on Vodafone Idea Share Price

What is the Vodafone Idea share price target for 2027?
Our base case is ₹13.05, assuming 8% annual Revenue per share growth and a 2.8× P/S. The range is ₹6.65 (bear) to ₹18.4 (bull).

What is the Vodafone Idea share price target for 2030?
Base case ₹16.45; range ₹7.3 to ₹25.85. It assumes FY30 Revenue per share of about ₹5.88.

What was Vodafone Idea’s loss in Q2 FY27?
₹5,975 crore reported, or ₹5,513 crore excluding a ₹462 crore one-off item.

What is Vodafone Idea’s ARPU?
₹198 in Q2 FY27, up from ₹180 a year earlier.

How much bank debt does Vodafone Idea have?
₹945 crore at September 2026, down from ₹3,708 crore in June.

Is Vodafone Idea raising money?
Yes — about ₹10,500 crore in H1 FY27, and it is negotiating ₹25,000–35,000 crore of bank facilities.