Vodafone Idea Share Price Target 2026 to 2030: Will Vi Become a Multi-Bagger by 2030?
Vodafone Idea (Vi) has once again grabbed headlines in the Indian stock market. With fresh fundraising updates, 5G rollout plans, and government support, investors are speculating whether this struggling telecom giant can stage a comeback. The company, burdened with massive debt and subscriber loss, has been trading at penny stock levels for years. Yet, many analysts believe that the period from 2026 to 2030 could decide if Vi turns into a multi-bagger opportunity or continues to remain a high-risk bet.
In recent months, Vodafone Idea’s announcements around equity conversion, tariff hikes, and digital expansion have reignited discussions among retail investors. While rivals like Jio and Airtel continue to dominate the telecom space, Vi’s long-term survival strategy might offer a second chance to investors who still believe in its turnaround story.
This article provides a detailed analysis of Vodafone Idea share price targets from 2026 to 2030, including growth drivers, financial risks, and expert projections. Let’s explore if Vi has the potential to reward investors in the coming years.
Vodafone Idea’s Current Situation
Vodafone Idea is still in a financially stressed position with one of the highest debt levels in the Indian telecom industry. The company continues to report losses, but some key moves have created optimism:
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The Government of India has become the largest shareholder after converting spectrum dues into equity.
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The company has focused on raising ARPU (Average Revenue Per User) through tariff hikes.
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Plans for 5G services and satellite-based broadband could open new growth opportunities.
While these steps indicate progress, the real challenge is execution. Investors need to track how effectively Vi can implement these plans.
Growth Drivers 2026–2030
5G Rollout and Data Demand
India’s data consumption is skyrocketing. If Vodafone Idea successfully launches 5G across major cities, it could regain subscribers and increase revenues.
Digital Diversification
Vi is exploring partnerships in broadband, OTT, enterprise services, and satellite communications. This could provide alternative income streams beyond mobile telecom.
Tariff Hikes and ARPU Growth
Consistent tariff hikes across the telecom sector will likely benefit all players. If Vi manages to lift its ARPU closer to Airtel and Jio levels, profitability could improve drastically by 2027–2028.
Key Risks Ahead
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Debt Burden: With over ₹2 lakh crore in liabilities, debt repayment is the biggest threat.
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Competition: Reliance Jio and Airtel continue to aggressively expand, making it difficult for Vi to retain customers.
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Regulatory Challenges: AGR dues, spectrum auctions, and policy shifts may further impact finances.
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Execution Risk: Even with government backing, delays in 5G rollout or poor subscriber retention could derail recovery.
Vodafone Idea Share Price Target 2026 to 2030
Below is an estimated share price outlook based on different scenarios:
| Year | Pessimistic Target | Base Case Target | Optimistic Target |
|---|---|---|---|
| 2026 | ₹6 – ₹8 | ₹8 – ₹10 | ₹12 – ₹15 |
| 2027 | ₹7 – ₹9 | ₹10 – ₹13 | ₹15 – ₹20 |
| 2028 | ₹7 – ₹10 | ₹12 – ₹16 | ₹20 – ₹25 |
| 2029 | ₹8 – ₹11 | ₹14 – ₹18 | ₹25 – ₹30 |
| 2030 | ₹9 – ₹12 | ₹16 – ₹20 | ₹30 – ₹35 |
Base Case: Gradual recovery with ARPU growth and partial debt reduction.
Optimistic Case: Strong 5G adoption, new revenue sources, and government relief pushing stock up to ₹30+.
Pessimistic Case: Continued debt and competition keeping the stock under ₹10.
Long-Term Outlook
The long-term future of Vodafone Idea depends on three critical factors:
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Debt restructuring and fundraising to ease financial stress.
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Subscriber retention and growth in a highly competitive market.
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Timely 5G rollout and expansion into digital services.
If the company executes these effectively, 2030 could mark a significant turnaround, possibly delivering 3x–4x returns from current levels. However, the risk factor remains extremely high, making it suitable only for high-risk investors.
Conclusion
Vodafone Idea’s share price journey from 2026 to 2030 will be a make-or-break story. With government support, 5G expansion, and digital diversification, the company could finally move towards profitability. But the heavy debt burden and intense competition from Jio and Airtel remain strong hurdles.
For investors, Vi stock continues to be a high-risk, high-reward opportunity. The next five years will reveal whether Vodafone Idea can become a multi-bagger by 2030 or remain stuck as a struggling telecom player.
