Bharti Airtel Ltd logo

Bharti Airtel Ltd

BHARTIARTL NSE

Key Fundamentals

LargecapTelecom Service ProviderTelecom
Market Cap
11.9L Cr
Volatility
Moderate
P/E Ratio
40.29
EBITDA
1.2L Cr
Return on Equity
17.26%
Debt to Equity
1.31
Book Value
₹282.02
EPS
₹21.42
52W High
₹2,174.5
52W Low
₹1,740.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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35 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company has delivered good profit growth of 22.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 48.0%
  • Promoter holding has increased by 1.20% over last quarter.

Weaknesses

2
  • Stock is trading at 8.01 times its book value
  • Promoter holding has decreased over last 3 years: -4.90%

Growth Rate

Revenue Growth
22.47% ↗
Net Income Growth
-9.76% ↘
Cash Flow Change
24.30% ↗
ROE
-29.32% ↘
ROCE
-1.89% ↘
EBITDA Margin (Avg.)
5.58% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Bharti Airtel is a Rs 11.97 lakh crore telecom giant trading at a PE of 36.4x and 8.06x book value. The company has delivered 22% compounded profit CAGR over 5 years with TTM sales growth of 22%, while maintaining a dividend payout of 48% and yielding 1.22%.

Bull Case 8
  • Strong profit growth of 22.1% CAGR over the last 5 years indicates sustained earnings expansion
  • TTM revenue growth of 22% shows continued top-line momentum and successful tariff hike pass-through
  • 3-year compounded profit growth of 45% reflects a sharp recovery and operating leverage in the business
  • ROE of 20% in the last year demonstrates efficient capital utilization for a capital-intensive telecom business
  • Healthy dividend payout of 48% with a yield of 1.22% provides income visibility to shareholders
  • 10-year stock CAGR of 20% shows long-term wealth creation track record
  • 5-year ROE average of 17% indicates consistent improvement in return profile from 10-year average of 12%
  • 5-year compounded sales CAGR of 16% demonstrates market share gains in a consolidating industry
Bear Case 8
  • Stock trades at 8.06x book value which is expensive for a capital-intensive telecom operator
  • PE ratio of 36.4x is elevated and prices in significant future growth already
  • Promoter holding has decreased by 6.10% over the last 3 years signaling potential dilution or reduced promoter confidence
  • TTM profit growth of 17% is decelerating compared to the 3-year CAGR of 45%, suggesting earnings growth may be normalizing
  • 10-year sales CAGR of only 8% shows that the recent high growth is a relatively recent phenomenon and may not sustain
  • 1-year stock CAGR of just 5% indicates the market may already be pricing in near-term positives
  • Market cap of Rs 11.97 lakh crore leaves limited room for multiple expansion at current valuations
  • 10-year ROE average of 12% suggests historically inconsistent returns on equity before the recent improvement

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 3
  • TRAI QoS penalty ₹5.5 lakh Aug 4

    TRAI penalized Bharti Airtel ₹5.5 lakh for non-compliance with Quality of Service standards. The company is reviewing the order.

  • TRAI MNP penalty ₹6.3 lakh Jul 31

    Bharti Airtel paid ₹6.3 lakh to TRAI for non-compliance with Mobile Number Portability regulations. The company chose not to contest the order received on July 30, 2026.

  • Multiple DoT verification penalties Aug 7

    Bharti Airtel received multiple DoT penalties totalling ~₹4.34 lakh (₹1 lakh on Aug 7, ₹1.14 lakh on Aug 1, ₹2.2 lakh on Jul 30) for subscriber verification lapses identified in CAF audits.

Positives 4
  • Q1 profit surges 35% YoY Aug 4

    Bharti Airtel reported consolidated net income up 35% YoY to ₹8,167 crore on revenues of ₹58,539 crore (up 18.4% YoY) in Q1FY27, driven by strong India and Africa operations.

  • ARPU growth catalysts identified Aug 5

    Airtel executive highlighted strong ARPU growth possibilities driven by device upgrades, rising data usage, and accelerating 5G adoption among subscribers.

  • Data centre scale-up to 1 GW Aug 5

    Bharti Airtel plans to expand data centre capacity from 121.3 MW to 1 GW. Subsidiary Nxtra Data is also acquiring up to 85% stakes in two land developers to support construction.

  • High Court rejects spectrum demand Aug 7

    A High Court rejected the government's spectrum demand against Bharti Airtel and Vodafone Idea, a favourable legal outcome removing a potential liability overhang.

Neutral 5
  • Large institutional block trades Aug 5

    Multiple block trades totalling over ₹550 crore were executed between Jul 28 and Aug 5 at prices ranging from ₹1,902.70 to ₹2,020.00 per share, indicating significant institutional activity.

  • 927K stock options granted Aug 4

    HR & Nomination Committee approved grant of 927,107 stock options to 138 employees across five incentive plans on August 4, 2026.

  • AGM approves key resolutions Aug 3

    31st AGM held on August 3, 2026. Shareholders approved re-appointment of Sunil Bharti Mittal as Chairman for five years and ratified key related-party transactions.

  • New Chief Internal Auditor appointed Aug 4

    Vivek Mehta appointed as Chief Internal Auditor effective August 5, 2026, succeeding Ramjee Verma under SEBI Listing Regulations.

  • Q1FY27 earnings call hosted Aug 5

    Bharti Airtel hosted its Q1FY27 earnings webinar on August 5, 2026, with audio/video recordings uploaded per SEBI compliance.

TL;DR: Bharti Airtel delivered a strong Q1FY27 with 35% profit growth and 18.4% revenue growth, underscoring solid execution in both India and Africa. The company is making aggressive bets on data centres (121 MW to 1 GW target) and sees structural ARPU tailwinds from 5G adoption. Headwinds are limited to minor regulatory penalties totalling under ₹13 lakh, which are immaterial to financials. The overall trend is positive with strong earnings momentum and clear growth levers ahead.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
37,440
37,044
37,900
37,599
38,506
41,473
45,129
47,876
49,463
52,145
53,982
55,383
58,539
Expenses
17,842
17,530
18,085
18,234
18,799
19,627
20,533
20,867
21,624
22,584
23,199
23,892
25,236
Operating Profit
19,598
19,514
19,815
19,365
19,708
21,846
24,597
27,009
27,839
29,561
30,783
31,492
33,303
OPM %
52%
53%
52%
52%
51%
53%
54%
56%
56%
57%
57%
57%
57%
Other Income
-2,478
-654
1,013
-1,308
2,010
475
9,675
403
592
809
562
-2,198
661
Interest
5,614
5,186
6,645
5,203
5,152
5,424
5,676
5,502
5,461
4,866
5,623
5,606
5,956
Depreciation
9,654
9,734
10,074
10,075
10,540
11,000
11,704
12,326
12,465
13,182
13,420
13,644
14,235
PBT
1,853
3,940
4,108
2,778
6,025
5,897
16,892
9,584
10,504
12,322
12,301
10,045
13,773
Tax %
18%
47%
30%
26%
22%
30%
4%
-30%
29%
30%
31%
8%
27%
Net Profit
1,520
2,093
2,876
2,068
4,718
4,153
16,135
12,476
7,422
8,651
8,503
9,247
10,012
EPS in Rs
2.89
2.39
4.34
3.66
7.31
6.31
25.95
19.33
10.43
11.91
11.63
12.02
13.09
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
2,20,049
Expenses
62,499
62,548
60,138
52,560
55,016
50,930
55,337
59,013
67,871
72,090
87,925
94,459
94,911
Operating Profit
33,602
33,984
35,330
30,079
25,764
36,610
45,279
57,534
71,274
77,893
85,060
1,16,514
1,25,139
OPM %
35%
35%
37%
36%
32%
42%
45%
49%
51%
52%
49%
55%
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
2,925
-166
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
22,051
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
54,481
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
48,441
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
36,413
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
48.65
Div. Payout %
33%
9%
11%
194%
244%
-3%
0%
39%
27%
62%
28%
55%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
2,00,904
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
5,45,373
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
4,06,337
CWIP
17,415
5,702
10,838
9,751
9,634
4,282
5,726
5,955
49,425
16,904
10,999
12,938
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
1,07,197
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
5,45,373
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-56,205
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
13,732
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
110
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-222
ROCE %
11%
13%
10%
7%
3%
5%
7%
11%
12%
13%
13%
18%

Shareholding Pattern

As of Jun 2026
Promoters 50.07%
FIIs 26.48%
DIIs 20.76%
Public 1.80%
Others 0.88%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Nov 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
50.07%
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%
26.48%
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%
20.76%
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%
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%
1.80%
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%
0.88%
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
9,29,079

Documents

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 Telecom sector within the Telecom Service Provider 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 ₹1188494.14 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 40.29. 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 1.23%. 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 17.26%. 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.

Company Information

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]

Website airtel.in
CEO Mr. Sunil Bharti Mittal
Employees 28,701
Listed 2002-02-18
Face Value ₹ 5
Issued Size 5,70,21,05,319

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