AGR relief fails to lift Vi stock: Debt, subscriber loss, weak cash persist

• Vodafone Idea's stock declined despite news of a proposed AGR moratorium, as experts deem the relief temporary and insufficient against the company's massive debt.
• The company faces significant challenges including ₹79,000 crore in AGR dues, ₹1.22 lakh crore in spectrum liabilities, continuous subscriber loss, and weak cash flow.
• Experts estimate the proposed AGR relief has a minimal impact on the share price, suggesting only a ₹3-4 per share increase from a target price of ₹9.
• With over ₹2 lakh crore in gross debt and only ₹3,000 crore cash on hand, the moratorium offers temporary breathing space but no long-term solution for Vi's financial woes.
• Operational struggles, including nine years of losses and subscriber decline, necessitate significant capital for network improvement and ARPU growth, which remains a challenge.

Why It Matters: Vi's stock fall shows temporary debt relief can't fix its huge financial woes.