Bharti Airtel Ltd (BHARTIARTL) — Share Price, Financials & Ratios

Key Fundamentals

LargecapTelecom Service ProviderTelecom

Market Cap

11.4L Cr

Volatility

Moderate

P/E Ratio

40.24

EBITDA

1.2L Cr

Return on Equity

8.11%

Debt to Equity

2.19

Book Value

₹244.62

EPS

₹21.42

52W High

₹2,174.5

52W Low

₹1,740.5

Technical Indicators

Key Insights

Strengths

2

Company has delivered good profit growth of 24.0% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 48.0%

Weaknesses

2

Stock is trading at 7.67 times its book value
Promoter holding has decreased over last 3 years: -6.15%

Growth Rate

Revenue Growth

20.86% ↗

Net Income Growth

-0.51% ↘

Cash Flow Change

24.63% ↗

ROE

201.11% ↗

ROCE

55.93% ↗

EBITDA Margin (Avg.)

0.04% ↗

AI Analysis — Bull vs Bear

anthropic

claude-opus-4.6 2d ago

BUY

Risk medium

Bharti Airtel demonstrates strong profit growth of 27% TTM with overwhelming analyst consensus (86% Buy ratings). However, at a P/E of 34.4x and P/B of 7.8x, much of the growth is priced in, warranting a moderate-confidence buy for long-term holders rather than aggressive accumulation.

Bull Case 8

Compounded profit growth of 49% CAGR over 3 years demonstrates exceptional earnings momentum
86.21% of 29 analysts rate the stock a Buy, reflecting broad institutional conviction
TTM sales growth of 22% indicates strong revenue acceleration in the telecom sector
ROE of 22% in the last year shows improving capital efficiency and shareholder returns
5-year stock CAGR of 30% reflects consistent long-term wealth creation for investors
Healthy dividend payout ratio of 48% with 0.84% yield provides income alongside growth
10-year compounded profit growth of 19% CAGR demonstrates durability of the business model
5-year ROE average of 17% trending up to 22% shows improving return profile year over year

Bear Case 8

P/B ratio of 7.81x is significantly elevated, pricing in substantial future growth expectations
Promoter holding has decreased by 6.15% over last 3 years, signaling potential insider dilution or exits
P/E of 34.4x is rich for a telecom utility business with inherently capital-intensive operations
1-year stock CAGR of -1% shows recent price correction despite strong fundamentals
Market cap of Rs 11.64 lakh crore leaves limited room for re-rating at current multiples
Dividend yield of only 0.84% is modest relative to the high valuation investors are paying
10-year sales CAGR of only 8% suggests the recent 22% TTM growth may not be sustainable long-term
Only 3.45% analysts recommend Hold, implying polarized views with 10.34% recommending Sell

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

anthropic

claude-opus-4.6 14h ago

Headwinds 4

TRAI net neutrality probe Jun 02

TRAI has formally asked Bharti Airtel to clarify the meaning of 'priority' in its postpaid plan structure, escalating a net neutrality inquiry that could force plan restructuring.
TRAI fines ₹37.12 lakh Jun 09

TRAI imposed a financial disincentive of INR 37.12 lakh on Bharti Airtel for Q2FY25. The company disputes the order and plans to appeal.
Repeated DoT verification penalties Jun 09

Bharti Airtel paid multiple small DoT penalties for subscriber verification norm violations — Rs 6.67 lakh (Jun 9), Rs 1.71 lakh (May 30), and Rs 1.57 lakh (May 27) — indicating a recurring compliance gap.
CEO of Connected Homes resigns Jun 18

Siddharth Sharma resigned as CEO of Connected Homes and Director of Marketing effective July 19, 2026, departing to join the Singtel group.

Positives 6

Jefferies top pick, 27% upside Jun 16

Jefferies maintained Buy with ₹2,350 target implying 27% upside. Airtel gained revenue market share in 19 of 22 circles, captured 45% of incremental sector revenues in FY26, and grew revenue 12% with ARPU up 10%.
CLSA sees Airtel Money IPO catalyst Jun 05

CLSA maintains Outperform with ₹2,310 target. Airtel Money IPO planned for H2 2026 could raise $1.5-2B at ~$10B valuation, with FY26 revenue up 36% YoY to $1.4B and EBITDA up 31% to $689M.
₹8,414 Cr DoT demand set aside Jun 09

Bombay High Court ruled in Bharti Airtel's favour on June 8, 2026, setting aside a DoT demand of Rs 8,414 crore — a significant legal and financial win.
6,300+ 5G sites deployed in 12 months Jun 10

Bharti Airtel deployed over 6,300 new 5G sites across 120+ districts in the past year, serving 65 million+ customers with an average of 8+ sites activated daily.
Army connectivity in Arunachal Pradesh Jun 17

Airtel completed Phase 1 of a strategic initiative with Indian Army's 4 Corps, deploying network infrastructure across 30 Army stations in remote Arunachal Pradesh, becoming the first provider in the region. Phase 2 covers 15 more locations.
Airtel Africa stake raised to 79% Jun 23

Bharti Airtel completed purchase of 16.3% in Airtel Africa, raising total ownership to 79%, consolidating control ahead of the Airtel Money IPO.

Neutral 6

Block trades exceed ₹2,000 Cr Jun 24

Multiple NSE block trades from late May through June totalled over ₹2,000 crores at prices ranging from ₹1,807-1,892 per share, reflecting sustained institutional activity.
EGM approves share swap for ICIL Jun 12

Bharti Airtel EGM approved equity share issuance to ICIL against Airtel Africa shares, with 241 members participating in the vote.
GIFT City treasury unit incorporated Jun 15

Bharti Airtel incorporated Airtel Global IFSC Limited on June 15, 2026, with INR 2 crore capital to operate as a Global Corporate Treasury Centre.
No promoter share encumbrance in FY26 Jun 15

Bharti Telecom confirmed zero encumbrance on its Bharti Airtel shares during FY 2025-26 under SEBI regulations.
$500M perpetual securities redeemed May 29

Subsidiary Network i2i redeemed its outstanding 3.975% USD 500M subordinated perpetual securities listed on Singapore Exchange.
Investor conference participation Jun 04

Bharti Airtel scheduled attendance at Goldman Sachs Asia Corporate Day (Jun 9-10), BofA India Conference and Morgan Stanley India Investment Forum (Jun 1-2).

TL;DR: Bharti Airtel is executing strongly on fundamentals — gaining revenue market share in 19 of 22 circles, expanding 5G aggressively with 6,300+ new sites, and receiving bullish broker targets (Jefferies ₹2,350, CLSA ₹2,310) implying 25-27% upside. The ₹8,414 Cr DoT demand being set aside removes a major overhang, while the Airtel Money IPO at potential $10B valuation offers a near-term catalyst. Key risks are regulatory — TRAI's net neutrality probe and recurring verification penalties — though these are manageable relative to the growth trajectory. The trend is firmly positive with expected 13% sector revenue CAGR to FY28 and a likely 15% tariff hike in Dec 2026 providing further upside.

Quarterly Results

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	36,009	37,440	37,044	37,900	37,599	38,506	41,473	45,129	47,876	49,463	52,145	53,982	55,383
Expenses	17,312	17,842	17,530	18,085	18,234	18,799	19,627	20,533	20,867	21,624	22,584	23,199	23,892
Operating Profit	18,697	19,598	19,514	19,815	19,365	19,708	21,846	24,597	27,009	27,839	29,561	30,783	31,492
OPM %	52%	52%	53%	52%	52%	51%	53%	54%	56%	56%	57%	57%	57%
Other Income	886	-2,478	-654	1,013	-1,308	2,010	475	9,675	403	592	809	562	-2,198
Interest	5,163	5,614	5,186	6,645	5,203	5,152	5,424	5,676	5,502	5,461	4,866	5,623	5,606
Depreciation	9,406	9,654	9,734	10,074	10,075	10,540	11,000	11,704	12,326	12,465	13,182	13,420	13,644
PBT	5,014	1,853	3,940	4,108	2,778	6,025	5,897	16,892	9,584	10,504	12,322	12,301	10,045
Tax %	16%	18%	47%	30%	26%	22%	30%	4%	-30%	29%	30%	31%	8%
Net Profit	4,226	1,520	2,093	2,876	2,068	4,718	4,153	16,135	12,476	7,422	8,651	8,503	9,247
EPS in Rs	5.39	2.89	2.39	4.34	3.66	7.31	6.31	25.95	19.33	10.43	11.91	11.63	12.02

Show % Change

Figures in ₹ Crores

Profit & Loss

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	96,101	96,532	95,468	82,639	80,780	87,539	1,00,616	1,16,547	1,39,145	1,49,982	1,72,985	2,10,973
Expenses	62,499	62,548	60,138	52,560	55,016	50,930	55,337	59,013	67,871	72,090	87,925	91,298
Operating Profit	33,602	33,984	35,330	30,079	25,764	36,610	45,279	57,534	71,274	77,893	85,060	1,19,674
OPM %	35%	35%	37%	36%	32%	42%	45%	49%	51%	52%	49%	57%
Other Income	1,243	4,858	1,713	1,756	4,474	-37,775	-4,215	4,656	1,019	-3,028	20,662	-236
Interest	4,446	8,546	9,547	9,326	10,622	13,992	15,091	16,616	19,300	22,648	21,754	21,555
Depreciation	19,858	17,450	19,773	19,243	21,348	27,690	29,404	33,091	36,432	39,538	45,570	52,711
PBT	10,540	12,846	7,723	3,267	-1,732	-42,846	-3,432	12,483	16,561	12,679	38,398	45,173
Tax %	52%	46%	45%	33%	-197%	-28%	260%	33%	26%	32%	2%	25%
Net Profit	5,048	6,893	4,241	2,184	1,688	-30,664	-12,364	8,305	12,287	8,558	37,481	33,823
EPS in Rs	8.41	11.05	6.91	2	0.74	-55.06	-25.63	7.23	14.97	13.2	58.85	43.81
Div. Payout %	33%	9%	11%	194%	244%	-3%	0%	39%	27%	62%	28%	55%

Show % Change

Figures in ₹ Crores

Balance Sheet

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,999	1,999	1,999	1,999	1,999	2,728	2,746	2,795	2,837	2,877	2,900	3,047
Reserves	37,778	64,771	65,458	67,536	69,424	74,417	56,207	63,759	74,726	79,142	1,10,772	1,46,010
Borrowings	83,415	1,00,646	1,07,288	1,11,334	1,25,428	1,48,228	1,62,785	1,69,678	2,26,020	2,15,592	2,13,642	1,95,412
Other Liabilities	58,747	57,056	57,578	68,653	77,176	1,33,718	1,22,679	1,24,975	1,40,974	1,44,408	1,77,692	2,07,683
Total Liabilities	1,81,939	2,24,472	2,32,322	2,49,521	2,74,026	3,59,091	3,44,417	3,61,207	4,44,557	4,42,019	5,05,006	5,52,152
Fixed Assets	1,24,279	1,72,293	1,78,235	1,87,200	2,00,832	2,29,256	2,23,480	2,44,083	2,77,394	3,03,303	3,88,468	4,06,662
CWIP	17,415	5,702	10,838	9,751	9,634	4,282	5,726	5,955	49,425	16,904	10,999	12,613
Investments	10,752	11,977	14,339	16,159	15,711	25,476	27,550	29,349	32,954	31,602	5,838	18,901
Other Assets	29,494	34,500	28,910	36,411	47,850	1,00,077	87,661	81,820	84,784	90,210	99,700	1,13,976
Total Assets	1,81,939	2,24,472	2,32,322	2,49,521	2,74,026	3,59,091	3,44,417	3,61,207	4,44,557	4,42,019	5,05,006	5,52,152

Show % Change

Figures in ₹ Crores

Cash Flow

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	28,059	27,942	28,280	29,854	20,070	18,129	48,205	55,017	65,325	78,898	98,332	1,22,230
Investing	-22,301	-14,091	-30,680	-27,940	-28,286	-29,598	-27,286	-41,478	-39,232	-51,089	-60,198	-58,534
Financing	-9,672	-11,946	-351	1,920	9,464	19,144	-24,910	-15,203	-24,470	-27,778	-36,533	-52,293
Net Cash Flow	-3,914	1,905	-2,752	3,835	1,248	7,675	-3,991	-1,664	1,623	31	1,601	11,402
Free Cash Flow	12,866	8,991	-8,432	4,605	-8,980	-2,456	21,091	28,996	38,875	38,970	58,990	76,683
CFO/OP	98	96	89	104	82	56	111	99	97	105	121	107

Show % Change

Figures in ₹ Crores

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	20	21	18	26	19	19	13	13	10	12	16	14
Cash Conversion Cycle	20	21	18	26	19	19	13	13	10	12	16	14
Working Capital Days	-205	-161	-199	-258	-329	-352	-270	-239	-217	-236	-277	-198
ROCE %	11%	13%	10%	7%	3%	5%	7%	11%	12%	13%	13%	18%

Show % Change

Shareholding Pattern

	Mar 2021	Jun 2021	Sep 2021	Nov 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	55.86%	55.86%	55.86%	59.73%	55.93%	55.93%	55.93%	55.13%	55.12%	55.02%	54.97%	54.75%	54.57%	53.49%	53.17%	53.14%	53.11%	52.42%	51.25%	50.27%	48.87%	48.87%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	24.35%	24.62%	25.08%	24.27%	25.42%	26.72%	27.42%	28.76%	27.80%
DIIs	18.66%	18.90%	13.59%	15.14%	14.07%	13.96%	14.43%	17.54%	19.16%	19.93%	19.69%	18.27%	18.02%	19.35%	19.29%	18.82%	19.63%	19.35%	19.21%	19.51%	19.66%	20.65%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	2.09%	2.28%	1.74%	1.98%	1.86%	1.83%	1.88%	1.76%	1.96%	2.05%	1.93%	1.84%	1.83%	1.83%	1.91%	1.94%	1.96%	1.84%	1.80%	1.83%	1.78%	1.81%
Others	23.39%	22.96%	28.82%	23.15%	28.14%	28.28%	27.75%	25.57%	23.76%	23.00%	23.41%	25.14%	25.58%	0.98%	1.01%	1.03%	1.03%	0.98%	1.01%	0.97%	0.94%	0.87%
No. of Shareholders	7,13,866	7,64,552	6,81,975	7,01,306	7,50,241	7,67,578	7,86,169	7,79,996	7,54,961	7,58,715	7,09,952	6,85,529	6,77,690	6,94,297	7,62,266	7,84,930	8,36,095	8,33,428	8,28,719	8,48,472	8,52,831	9,01,086

Show % Change

Documents

1

Concall - Mar 2017 Mar 2017

PPT

2

Concall - Jun 2017 Jun 2017

PPT

3

Concall - Jun 2017 Jun 2017

PPT

4

Concall - Sep 2017 Sep 2017

PPT

5

Concall - Sep 2017 Sep 2017

PPT

Frequently Asked Questions about Bharti Airtel Ltd

What does Bharti Airtel Ltd do?

Bharti Airtel Ltd is one of the world’s leading providers of telecommunication services with presence in 18 countries representing India, Sri Lanka, 14 countries in Africa. [1]

Where is Bharti Airtel Ltd (BHARTIARTL) listed?

Bharti Airtel Ltd is listed on the Indian stock exchanges. It is listed on NSE: BHARTIARTL and BSE: 532454. You can view its live share price, financials, and ratios on Tapetide.

Which sector does Bharti Airtel Ltd belong to?

Bharti Airtel Ltd operates in the Telecommunication sector within the Telecom - Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.

What is the market capitalisation of Bharti Airtel Ltd?

Bharti Airtel Ltd has a market capitalisation of approximately ₹1142335.10 Cr. Based on this, it is classified as a Large Cap stock.

What is the PE ratio of Bharti Airtel Ltd?

The Price-to-Earnings (PE) ratio of Bharti Airtel Ltd is 40.24. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.

What is the 52-week high and low of Bharti Airtel Ltd?

Over the past 52 weeks, Bharti Airtel Ltd has traded between a low of ₹1,740.5 and a high of ₹2,174.5. This range helps investors understand the stock's price volatility and recent trading levels.

Does Bharti Airtel Ltd pay dividends?

Yes, Bharti Airtel Ltd has a dividend yield of 0.85%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.

What is the Return on Equity (ROE) of Bharti Airtel Ltd?

Bharti Airtel Ltd has a Return on Equity (ROE) of 8.11%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.

How can I research Bharti Airtel Ltd on Tapetide?

On Tapetide, you can view Bharti Airtel Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.