Bharti Airtel Ltd logo

Bharti Airtel Ltd

BHARTIARTL NSE

Key Fundamentals

LargecapTelecom Service ProviderTelecom
Market Cap
11.7L Cr
Volatility
Moderate
P/E Ratio
41.79
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 7.84 times its book value
  • Promoter holding has decreased over last 3 years: -4.95%

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 1d ago
AI opinion · based on fundamentals
Risk medium

Bharti Airtel is a Rs 11.74 lakh crore telecom giant trading at a PE of 35.1x and 7.92x book value. The company has delivered 24% CAGR profit growth over 5 years with TTM sales growth of 22%, while maintaining a 48% dividend payout ratio.

Bull Case 8
  • Strong profit growth of 24% CAGR over the last 5 years, accelerating to 27% TTM, indicating improving operational leverage
  • Consistent sales growth at 16% CAGR over 5 years accelerating to 22% TTM, reflecting successful tariff hikes and subscriber additions
  • ROE has improved from 12% (10-year average) to 22% last year, showing significantly enhanced capital efficiency
  • Healthy dividend payout of 48% with a current yield of 1.26%, demonstrating shareholder-friendly capital allocation
  • Promoter holding increased by 1.20% in the last quarter, signaling insider confidence at current levels
  • Stock has compounded at 30% CAGR over both 3 and 5 year periods, reflecting sustained market re-rating alongside earnings growth
  • Compounded profit growth of 49% CAGR over 3 years demonstrates rapid earnings recovery and margin expansion
  • Market cap of Rs 11.74 lakh crore positions Airtel as a dominant large-cap with scale advantages in a consolidated telecom duopoly
Bear Case 8
  • Stock trades at 7.92x book value, well above historical averages for telecom operators, leaving limited margin of safety
  • PE ratio of 35.1x is elevated for a telecom utility business, pricing in significant future growth that must be delivered
  • Promoter holding has declined by 4.95% over the last 3 years, despite the recent quarterly increase
  • 10-year sales CAGR of only 8% highlights that the recent 22% TTM growth may not be sustainable long-term without continued tariff hikes
  • Stock CAGR of 0% over the last 1 year suggests the market is pausing to reassess after the prior 30% multi-year rally
  • 10-year profit CAGR of 19% versus 3-year CAGR of 49% indicates the recent surge came off a low base following years of industry stress
  • Price-to-book of 6.69x implies the stock is heavily dependent on intangible value and future cash flows rather than tangible asset backing
  • Dividend yield of 1.26% offers limited income cushion relative to risk-free rates, despite the 48% payout ratio

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

AI News Digest

Anthropic anthropic claude-opus-4.6 7h ago
Headwinds 1
  • DoT fine for verification lapses Jun 30

    Bharti Airtel received a Rs 6.2 lakh penalty from DoT for alleged subscriber verification norm violations. The company disputes the notice and plans to appeal.

Positives 4
  • Army connectivity in Arunachal Pradesh Jun 17

    Airtel deployed network infrastructure across 30 Army stations in remote Arunachal Pradesh as the first provider in the region. Phase 2 will cover 15 additional locations.

  • 1,500 new 5G sites in Odisha Jul 14

    Airtel added 1,500 new 5G sites across Odisha ahead of the Puri Rath Yatra to manage surging traffic demand.

  • Amarnath Yatra network expansion Jul 3

    Airtel expanded mobile coverage along Amarnath Yatra routes with new sites at Chandanwari, Pissu Top, and Betaab Valley.

  • Airtel Money launches as NBFC Jul 1

    Subsidiary Airtel Money began operations as a Non-Banking Financial Company, marking strategic expansion into regulated financial services.

Neutral 6
  • Sustained institutional block trades Jul 13

    Multiple block trades recorded on NSE between Jun 25 and Jul 13, totalling over ₹355 crores at prices ranging from Rs 1,867.60 to Rs 1,954.30 per share, signalling sustained institutional interest.

  • 2.35% share swap with ICIL Jun 25

    Bharti Airtel allotted 146.76 million equity shares (2.35%) to ICIL in exchange for ICIL's 16.3% stake in Airtel Africa plc, raising ICIL's holding to 3.25%.

  • CEO Siddharth Sharma resigns Jun 18

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

  • Final call payment deadline Jul 16 Jul 1

    Airtel issued a reminder for payment of ₹401.25 per share on partly paid-up equity shares, with the window open July 2-16, 2026.

  • BRSR filed with 35% renewable rise Jul 11

    Bharti Airtel filed its Business Responsibility and Sustainability Report for FY 2025-26, highlighting a 35% rise in renewable energy use.

  • 31st AGM set for Aug 3 Jul 9

    Bharti Airtel will hold its 31st AGM via video conferencing on August 3, 2026.

TL;DR: Bharti Airtel is executing well on network expansion with aggressive 5G rollouts and strategic connectivity projects for the Indian Army, reinforcing its infrastructure leadership. The NBFC launch via Airtel Money signals diversification beyond telecom. Risks are minimal — the DoT fine is negligible at Rs 6.2 lakh and is being contested. Overall trend is positive with strong institutional buying activity and continued capital deployment into growth areas.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
94,459
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
OPM %
35%
35%
37%
36%
32%
42%
45%
49%
51%
52%
49%
55%
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
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%
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 26.52%
DIIs 20.76%
Public 1.80%
Others 0.85%
Total 100.00%
  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%
26.52%
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%
0.85%
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

1
Concall - Mar 2017 Mar 2017
2
Concall - Jun 2017 Jun 2017
3
Concall - Jun 2017 Jun 2017
4
Concall - Sep 2017 Sep 2017
5
Concall - Sep 2017 Sep 2017

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 ₹1173260.95 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 41.79. 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 1.25%. 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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