Market cap
₹4,190 Mln
Revenue (TTM)
₹4,775 Mln
P/E Ratio
60.8
P/B Ratio
2.7
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 5.36 | 16.93 | 15.13 | 9.56 | -8.75 |
| EBIT | 9.72 | 13.27 | -0.18 | -2.12 | 7.61 |
| Net Profit | 37.86 | -82.13 | 30.39 | -130.68 | -131.88 |
| EPS | 23.52 | -79.73 | 4,257.11 | -51.43 | 16.15 |
| Book Value | -- | -- | 3,973.55 | 31.82 | 63.13 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 26.62 | 26.91 | 17.16 | 30.01 | 24.05 |
| Net Margin
| -- | -- | 1.24 | -- | -- |
| Return on equity
| 23.35 | 71.65 | -0.69 | 44.38 | 49.76 |
| Return on Capital
| 4.21 | 5.29 | -- | 8.82 | 5.71 |
| Return on Assets
| 2.93 | 3.59 | 0.46 | 6.27 | 3.59 |
| Debt to Equity (x)
| -- | -- | 0.00 | 3.84 | 4.27 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
8.82
|
5.71
|
-1.90
|
7.53
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-0.69
Lower than Peers by 10.72
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
-0.69
|
44.38
|
49.76
|
-24.09
|
108.22
|
|
Peer Median
|
10.02
|
--
|
--
|
--
|
--
|
ROA
0.46
Lower than Peers by 2.71
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
0.46
|
6.27
|
3.59
|
-1.07
|
4.75
|
|
Peer Median
|
3.17
|
--
|
--
|
--
|
--
|
EBIT Margin
17.16
Higher than Peers by 1.17
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
17.16
|
30.01
|
24.05
|
25.81
|
27.67
|
|
Peer Median
|
15.99
|
--
|
--
|
--
|
--
|
Net Margin
1.24
Lower than Peers by 7.54
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
1.24
|
12.09
|
10.36
|
-4.31
|
19.63
|
|
Peer Median
|
8.77
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
15.13
Higher than Peers by 12.65
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
15.13
|
0.12
|
0.07
|
--
|
-0.02
|
|
Peer Median
|
2.47
|
--
|
--
|
--
|
--
|
EBIT Growth
-0.18
Lower than Peers by 2.46
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
-0.18
|
39.42
|
-0.62
|
-6.74
|
-0.19
|
|
Peer Median
|
2.28
|
--
|
--
|
--
|
--
|
Net Profit Growth
-93.45
Lower than Peers by 101.66
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
-93.45
|
30.39
|
356.17
|
-121.98
|
9.35
|
|
Peer Median
|
8.21
|
--
|
--
|
--
|
--
|
EPS Growth
--
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
42.57
|
1.11
|
-1.21
|
0.10
|
|
Peer Median
|
12.17
|
--
|
--
|
--
|
--
|
Book Value Growth
14.51
Higher than Peers by 7.72
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
14.51
|
--
|
--
|
--
|
--
|
|
Peer Median
|
6.79
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
3.84
|
4.27
|
14.38
|
9.76
|
|
Peer Median
|
0.60
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.95
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
0.95
|
0.82
|
1.52
|
5.00
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.97
Lower than Peers by 0.01
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
0.97
|
0.91
|
0.80
|
0.86
|
1.49
|
|
Peer Median
|
0.97
|
--
|
--
|
--
|
--
|
Quick Ratio
0.96
Higher than Peers by 0.01
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
0.96
|
0.90
|
0.80
|
0.84
|
1.49
|
|
Peer Median
|
0.95
|
--
|
--
|
--
|
--
|
Interest Coverage
1.60
Lower than Peers by 1.51
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
1.60
|
2.47
|
1.95
|
1.66
|
0.73
|
|
Peer Median
|
3.11
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
14.76
Higher than Peers by 0.72
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
14.76
|
14.39
|
14.29
|
15.37
|
11.88
|
|
Peer Median
|
14.05
|
--
|
--
|
--
|
--
|
Asset Turnover
0.37
Higher than Peers by 0.02
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
0.37
|
0.52
|
0.35
|
0.25
|
0.24
|
|
Peer Median
|
0.35
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
49.63
|
52.41
|
49.75
|
66.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
6.35
|
31.21
|
34.91
|
49.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
367.43
|
837.95
|
834.09
|
1,196.27
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
VEON Ltd - ADR
|
--
|
-311.45
|
-754.33
|
-749.42
|
-1,080.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|