---
title: "Bharti Telecom Ltd (BHARTITELE) — Share Price, Financials & Analysis"
symbol: "BHARTITELE"
company: "Bharti Telecom Ltd"
canonical: "https://tapetide.com/stocks/BHARTITELE"
generated_at: "2026-10-13T10:58:18.793Z"
---

# Bharti Telecom Ltd (BHARTITELE)

Canonical page: https://tapetide.com/stocks/BHARTITELE

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Bharti Telecom is engaged primarily in the business of rendering services in telecommunication systems and services, tower infrastructure services, and direct-to-home digital services. BEL, promoted by BEHPL, is a key holding company of the Bharti group, which has interests in diverse businesses.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -12.2% over last 3 years.

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | 75% | — |
| revenue growth | 101% | 34% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1 | 879 | 1 | 1 | 1827 | 66 | 3 | 4 | 3783 | 23 | 3 | 1 |
| Expenses | 0 | 0 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 5 | 2 | 1 |
| Operating Profit | 0 | 878 | 0 | 0 | 1826 | 63 | 0 | 3 | 3782 | 18 | 1 | 0 |
| OPM % | 33 | 100 | 23 | 12 | 100 | 95 | 12 | 84 | 100 | 78 | 32 | 8 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 335 | 338 | 547 | 550 | 552 | 796 | 822 | 852 | 834 | 855 | 835 | 914 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -335 | 540 | -547 | -549 | 1276 | -731 | -822 | -849 | 2948 | -836 | -834 | -914 |
| Tax % | 0 | 33 | 0 | 0 | 29 | 2 | 0 | 0 | 26 | 1 | -2 | 0 |
| Net Profit | -335 | 363 | -545 | -550 | 908 | -749 | -821 | -850 | 2186 | -842 | -814 | -914 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 370 | 835 | 1015 | 16 | 896 | 110 | 882 | 1897 | 3813 | 3811 |
| Expenses | 1 | 2 | 8 | 2 | 8 | 2 | 3 | 8 | 9 | 10 |
| Operating Profit | 369 | 834 | 1006 | 14 | 889 | 108 | 879 | 1890 | 3804 | 3801 |
| OPM % | 100 | 100 | 99 | 89 | 99 | 98 | 100 | 100 | 100 | 100 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 0 | 0 |
| Interest | 0 | 249 | 427 | 681 | 454 | 161 | 1622 | 2719 | 3377 | 3438 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 369 | 584 | 580 | -667 | 434 | -53 | -740 | -826 | 428 | 363 |
| Tax % | 12 | 5 | 0 | 0 | 27 | 16 | 24 | 47 | 175 | — |
| Net Profit | 326 | 556 | 580 | -666 | 316 | -62 | -916 | -1212 | -321 | -385 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2525 | 2525 | 2611 | 2611 | — | — | 2582 | 2582 | 2582 | 2582 |
| Reserves | 3016 | 3341 | 6461 | 7041 | — | — | 5982 | 4761 | 3575 | 3272 |
| Borrowings | 0 | 0 | 5356 | 4826 | — | — | 2010 | 25462 | 40648 | 46724 |
| Other Liabilities | 2 | 19 | 22 | 14 | — | — | 26 | 32 | 53 | 34 |
| Total Liabilities | 5543 | 5886 | 14449 | 14492 | — | — | 10601 | 32838 | 46858 | 52613 |
| Fixed Assets | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 0 | 0 |
| Investments | 3766 | 5575 | 14331 | 14362 | — | — | 10587 | 32828 | 46846 | 52578 |
| Other Assets | 1777 | 310 | 118 | 130 | — | — | 14 | 10 | 12 | 34 |
| Total Assets | 5543 | 5886 | 14449 | 14492 | — | — | 10601 | 32838 | 46858 | 52613 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -194 | 138 | 715 | 993 | — | — | — | — | -850 | -472 |
| Cash from Investing Activity | -696 | -1440 | -8671 | -17 | — | — | — | — | -13939 | -5693 |
| Cash from Financing Activity | 2501 | 0 | 7653 | -972 | — | — | — | — | 14789 | 6168 |
| Net Cash Flow | 1611 | -1302 | -304 | 3 | — | — | — | — | 0 | 2 |
| Free Cash Flow | -194 | 138 | 715 | 993 | — | — | — | — | -850 | -472 |
| CFO/OP | -36 | 45 | 91 | 99 | — | — | — | — | -24 | 8 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 0 | 0 |
| Working Capital Days | 130 | -3 | -699 | -298 | — | — | -72 | -12 | -6 | -1 |
| ROCE % | 11 | 6 | 8 | 7 | — | — | — | — | 5 | 8 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 36.31% | 38.41% | 37.59% | 34.36% | 35.82% | 40.55% | 45.54% | 50.29% | 51.51% | 51.51% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 6.7% | 6.12% | 6.12% | 6.07% |
| DIIs | 0% | 0% | 0% | 6.7% | 6.7% | 6.7% | 0% | 0% | 2.18% | 2.16% |
| Public | 63.69% | 61.58% | 62.42% | 58.93% | 57.48% | 52.75% | 47.76% | 43.59% | 40.2% | 40.26% |
| No. of Shareholders | 67 | 75 | 64 | 55 | 73 | 797 | 2980 | 3221 | 2962 | 7846 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 45.54% | 45.54% | 45.54% | 50.29% | 50.29% | 50.29% | 50.29% | 51.51% | 51.51% | 51.51% | 51.51% | 51.51% |
| FIIs | 6.7% | 6.7% | 6.7% | 6.12% | 6.12% | 6.12% | 6.12% | 6.12% | 6.12% | 6.12% | 6.09% | 6.07% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.74% | 2.18% | 2.16% | 2.16% | 2.16% |
| Public | 47.76% | 47.76% | 47.76% | 43.59% | 43.59% | 43.59% | 43.59% | 40.63% | 40.2% | 40.21% | 40.24% | 40.26% |
| No. of Shareholders | 2980 | 2794 | 2449 | 2671 | 3221 | 3446 | 3833 | 3140 | 2962 | 5205 | 8159 | 7846 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 205.63 | Buy |
| EMA (10) | 207.38 | Buy |
| SMA (20) | 212.59 | Buy |
| EMA (20) | 210 | Buy |
| SMA (50) | 217.13 | Sell |
| EMA (50) | 220.6 | Sell |
| SMA (100) | 242.63 | Sell |
| EMA (100) | 242.37 | Sell |
| SMA (200) | 291.52 | Sell |
| EMA (200) | 281.75 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.61 | Neutral |
| MACD (12,26,9) | -3.99 | Buy |
| Stochastic (14,3,3) | 29.73 | Neutral |
| ADX (14) | 16.34 | Neutral |
| Williams %R (14) | -44.31 | Neutral |
| ATR (14) | 11.24 | High Volatility |
| ROC (12) | 7.34 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 47.33 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-24 | [Appointment](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_24022026181747_OUTCOME.pdf) |
| 2026-02-24 | [Commencement of commercial production/operations](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_24022026185930_NSE.pdf) |
| 2026-02-24 | [Updates](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_24022026185543_NSE.pdf) |
| 2026-02-24 | [Appointment](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_24022026190226_OUTCOME.pdf) |
| 2026-02-19 | [Disruption of Operations](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_19022026191104_Fire_breakout_incident.pdf) |
| 2026-02-13 | [Resignation of Independent director](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_ROID_79176_KMP_Doc.zip) |
| 2026-02-13 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_13022026150842_NEWSPAPER31122025.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_12022026180900_NSE12022026.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_12022026193217_NSE.pdf) |
| 2026-02-05 | [Reply to Clarification- Financial results](https://nsearchives.nseindia.com/corporate/UNITEDPOLY_30012026202410_NSE.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/AR_28753_UNITEDPOLY_2024_2025_A_3594031_06092025152435.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/AR_25615_UNITEDPOLY_2023_2024_0309202420331.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/AR_23712_UNITEDPOLY_2022_2023_06092023225648_09072023070001.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/AR_21736_UNITEDPOLY_2021_2022_08092022190023_09082022200005.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/SME_AR_19427_UNITEDPOLY_2020_2021_05092021144225_09052021150009.zip) |
| 2020 | [Financial Year 2020](https://archives.nseindia.com/annual_reports/SME_AR_17055_UNITEDPOLY_2019_2020_01092020123324_01092020130002.zip) |
| 2019 | [Financial Year 2019](https://archives.nseindia.com/annual_reports/SME_AR_15857_UNITEDPOLY_2018_2019_06092019140555_06092019150003.zip) |
| 2018 | [Financial Year 2018](https://archives.nseindia.com/annual_reports/SME_AR_13915_UNITEDPOLY_2017_2018_01102018170659.zip) |
| 2017 | [Financial Year 2017](https://archives.nseindia.com/annual_reports/SME_AR_11267_UNITEDPOLY_2016_2017_02092017123500.zip) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-10-05 | Credit rating update — CARE Ratings |
| 2026-07-17 | Credit rating update — CRISIL |
| 2026-02-27 | Credit rating update — ICRA |
| 2026-02-25 | Credit rating update — Infomerics |
| 2026-02-24 | Credit rating update — CARE Ratings |
| 2026-02-24 | Credit rating update — CRISIL |
| 2025-11-20 | Credit rating update — CRISIL |
| 2025-11-20 | Credit rating update — CARE Ratings |
| 2025-11-19 | Credit rating update — Brickwork Ratings |
| 2025-10-10 | Credit rating update — CRISIL |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:18.793Z.