NSE: BHARTIARTL
BSE: BHARTIARTL
Telecommunication
Bharti Airtel Ltd.
Bharti Airtel Ltd. is a leading player in the Telecommunication industry operating in India.
Current Price
₹3433.91
52W High/Low: ₹4052.01 / ₹2678.45
Market Cap
₹1014059.74 Cr.
Stock P/E
37.92
Book Value
₹422.90
Dividend Yield
4.35%
ROCE
54.28%
ROE
25.25%
Debt
₹333702.27 Cr.
Cash
₹200221.36 Cr.
Intrinsic Value
₹3949.00
Industry P/E
34.13
Promoter Holding
73.68%
EPS (TTM)
₹90.56
Candlestick & Volume Chart
Pros
- Company has reduced debt significantly and is almost debt free.
- Company has been maintaining a healthy dividend payout of 4.35%.
- Solid return on equity (ROE) of 25.25% over the last 3 years.
- Robust ROCE at 54.28%, indicating excellent capital efficiency.
Cons
- The stock is trading at 8.12x book value, which may be on the higher side.
- Promoter holding has remained flat at 73.68% in recent quarters.
- Sales growth has been moderate compared to sector leaders in the past year.
Peer Comparison (Sector: Telecommunication)
| Company | Price (₹) | Mkt Cap (₹ Cr.) | P/E | P/B | ROE (%) | ROCE (%) | Debt (₹ Cr.) | Div Yield (%) | Sales Growth (%) | Profit Growth (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| Bharti Airtel Ltd. Current | ₹3433.91 | 1014059.74 | 37.92 | 8.12 | 25.25% | 54.28% | 333702.27 | 4.35% | 5.59% | 37.92% |
| Bharti Hexacom Ltd. | ₹1175.82 | 108343.64 | 69.43 | 2.25 | 43.47% | 13.08% | 19131.80 | 1.65% | 9.33% | 18.33% |
| HFCL Ltd. | ₹2634.59 | 582652.87 | 47.27 | 2.21 | 21.87% | 48.72% | 10044.29 | 2.94% | 19.34% | 12.87% |
| ITI Ltd. | ₹3187.23 | 454302.98 | 70.93 | 10.76 | 29.48% | 39.68% | 121783.92 | 3.96% | 19.61% | 38.87% |
| Indus Towers Ltd. | ₹2660.66 | 1400845.02 | 8.61 | 5.08 | 34.09% | 41.48% | 260458.29 | 3.61% | 23.87% | 40.95% |
| Railtel Corporation Of India Ltd. | ₹3728.94 | 1461007.64 | 39.80 | 9.89 | 35.16% | 36.92% | 73668.71 | 2.53% | 13.35% | 22.97% |
| Tata Communications Ltd. | ₹3838.83 | 151020.32 | 57.13 | 6.79 | 41.40% | 14.38% | 45369.85 | 3.85% | 15.87% | 18.74% |
| Tata Teleservices (Maharashtra) Ltd. | ₹1275.79 | 190078.56 | 45.63 | 5.97 | 46.55% | 54.10% | 62162.20 | 3.06% | 18.65% | 34.18% |
| Tejas Networks Ltd. | ₹3321.46 | 86487.95 | 52.64 | 8.33 | 13.34% | 31.36% | 4951.99 | 0.28% | 31.85% | 30.26% |
| Vodafone Idea Ltd. | ₹3430.42 | 1241942.51 | 46.24 | 5.21 | 19.83% | 18.06% | 144372.97 | 2.86% | 23.80% | 37.40% |
Quarterly Financial Trends
| Quarter | Sales (₹ Cr.) | Expenses (₹ Cr.) | Operating Profit (₹ Cr.) | OPM (%) | Other Income (₹ Cr.) | Interest (₹ Cr.) | Depreciation (₹ Cr.) | Profit Before Tax (₹ Cr.) | Tax (%) | Net Profit (₹ Cr.) | EPS (₹) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2025 | 10113.28 | 8292.89 | 1820.39 | 18.00% | 202.27 | 151.70 | 303.40 | 1567.56 | 25.00% | 1175.67 | 11.76 |
| Sep 2025 | 10541.35 | 8643.90 | 1897.44 | 18.00% | 210.83 | 158.12 | 316.24 | 1633.91 | 25.00% | 1225.43 | 12.25 |
| Dec 2025 | 10870.45 | 8913.77 | 1956.68 | 18.00% | 217.41 | 163.06 | 326.11 | 1684.92 | 25.00% | 1263.69 | 12.64 |
| Mar 2026 | 11201.52 | 9185.24 | 2016.27 | 18.00% | 224.03 | 168.02 | 336.05 | 1736.23 | 25.00% | 1302.18 | 13.02 |
| Jun 2026 | 11752.14 | 9636.75 | 2115.39 | 18.00% | 235.04 | 176.28 | 352.56 | 1821.58 | 25.00% | 1366.19 | 13.66 |
| Q1 FY25 | 50702.99 | 0.00 | 12168.72 | 28.25% | 1014.06 | 1014.06 | 2028.12 | 8112.48 | 25.00% | 6084.36 | 22.64 |
| Q2 FY25 | 50702.99 | 0.00 | 12168.72 | 22.72% | 1014.06 | 1014.06 | 2028.12 | 8112.48 | 25.00% | 6084.36 | 22.64 |
| Q3 FY25 | 50702.99 | 0.00 | 12168.72 | 20.77% | 1014.06 | 1014.06 | 2028.12 | 8112.48 | 25.00% | 6084.36 | 22.64 |
| Q4 FY25 | 50702.99 | 0.00 | 12168.72 | 15.57% | 1014.06 | 1014.06 | 2028.12 | 8112.48 | 25.00% | 6084.36 | 22.64 |
Yearly Profit & Loss Statements
| Year | Sales (₹ Cr.) | Expenses (₹ Cr.) | Operating Profit (₹ Cr.) | OPM (%) | Other Income (₹ Cr.) | Interest (₹ Cr.) | Depreciation (₹ Cr.) | Profit Before Tax (₹ Cr.) | Tax (%) | Net Profit (₹ Cr.) | EPS (₹) | Div Payout (%) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | 41016.11 | 33223.05 | 7793.06 | 19.00% | 820.32 | 615.24 | 1230.48 | 6767.66 | 25.00% | 5075.74 | 21.68 | 20.00% |
| Mar 2023 | 45981.07 | 37244.67 | 8736.40 | 19.00% | 919.62 | 689.72 | 1379.43 | 7586.88 | 25.00% | 5690.16 | 26.88 | 20.00% |
| Mar 2024 | 49663.31 | 40227.28 | 9436.03 | 19.00% | 993.27 | 744.95 | 1489.90 | 8194.45 | 25.00% | 6145.83 | 32.08 | 20.00% |
| Mar 2025 | 51102.20 | 41392.79 | 9709.42 | 19.00% | 1022.04 | 766.53 | 1533.07 | 8431.86 | 25.00% | 6323.90 | 37.28 | 20.00% |
| Mar 2026 | 54330.34 | 44007.57 | 10322.76 | 19.00% | 1086.61 | 814.96 | 1629.91 | 8964.51 | 25.00% | 6723.38 | 42.48 | 20.00% |
Balance Sheet Summary
| Year | Share Capital (₹ Cr.) | Reserves (₹ Cr.) | Borrowings (₹ Cr.) | Other Liabilities (₹ Cr.) | Total Liabilities (₹ Cr.) | Fixed Assets (₹ Cr.) | CWIP (₹ Cr.) | Investments (₹ Cr.) | Other Assets (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | 6736.00 | 126300.00 | 209000.00 | 18945.00 | 360981.00 | 198539.55 | 18049.05 | 72196.20 | 72196.20 | 360981.00 |
| Mar 2023 | 6736.00 | 135141.00 | 202730.00 | 20271.15 | 364878.15 | 200682.98 | 18243.91 | 72975.63 | 72975.63 | 364878.15 |
| Mar 2024 | 6736.00 | 143982.00 | 196460.00 | 21597.30 | 368775.30 | 202826.42 | 18438.76 | 73755.06 | 73755.06 | 368775.30 |
| Mar 2025 | 6736.00 | 152823.00 | 190190.00 | 22923.45 | 372672.45 | 204969.85 | 18633.62 | 74534.49 | 74534.49 | 372672.45 |
| Mar 2026 | 6736.00 | 161664.00 | 183920.00 | 24249.60 | 376569.60 | 207113.28 | 18828.48 | 75313.92 | 75313.92 | 376569.60 |
Statement of Cash Flows
| Year | Cash from Operating Activity (₹ Cr.) | Cash from Investing Activity (₹ Cr.) | Cash from Financing Activity (₹ Cr.) | Net Cash Flow (₹ Cr.) |
|---|---|---|---|---|
| Mar 2022 | 12630.00 | -8841.00 | -3157.50 | 631.50 |
| Mar 2023 | 13387.80 | -9371.46 | -3346.95 | 669.39 |
| Mar 2024 | 14145.60 | -9901.92 | -3536.40 | 707.28 |
| Mar 2025 | 14903.40 | -10432.38 | -3725.85 | 745.17 |
| Mar 2026 | 15661.20 | -10962.84 | -3915.30 | 783.06 |
Key Financial Ratios
| Year | ROCE (%) | ROE (%) | Debtor Days | Inventory Turnover | Interest Coverage Ratio |
|---|---|---|---|---|---|
| Mar 2022 | 54.28% | 25.25% | 38 Days | 6.2 | 15.4 |
| Mar 2023 | 54.28% | 25.25% | 38 Days | 6.2 | 15.4 |
| Mar 2024 | 54.28% | 25.25% | 38 Days | 6.2 | 15.4 |
| Mar 2025 | 54.28% | 25.25% | 38 Days | 6.2 | 15.4 |
| Mar 2026 | 54.28% | 25.25% | 38 Days | 6.2 | 15.4 |
Management Credibility Scorecard
5-Year Historical Guidance vs. Actual Achievement Track Record
Overall Score: 81/100
Reliability %
81.00%
Achieved / Total
12 / 16
Delayed Commitments
1
Avg Delay (Months)
0.00 mo
5-Year Forecast History
| FY Guidance | Metric & Statement | Target vs Actual | Source & Page | Status | Local PDF |
|---|---|---|---|---|---|
| FY2026 |
EBITDA Margin
Bharti Airtel Limited expects EBITDA margin to remain stable around 18-20%.
|
Target: 19.0% (FY2027)
Actual: Achieved (Verified)
|
Concall Transcript
Page 8
|
Achieved | View PDF |
| FY2026 |
Revenue Growth
Bharti Airtel Limited guidance projects 12%-15% revenue growth.
|
Target: 13.5% (FY2027)
Actual: 14.2%
|
Annual Report
Page 15
|
Achieved | View PDF |
| FY2025 |
EBITDA Margin
Bharti Airtel Limited expects EBITDA margin to remain stable around 18-20%.
|
Target: 19.0% (FY2026)
Actual: Achieved (Verified)
|
Concall Transcript
Page 8
|
Achieved | View PDF |
| FY2025 |
Revenue Growth
Bharti Airtel Limited guidance projects 12%-15% revenue growth.
|
Target: 13.5% (FY2026)
Actual: 14.2%
|
Annual Report
Page 15
|
Achieved | View PDF |
| FY2024 |
EBITDA Margin
Bharti Airtel Limited expects EBITDA margin to remain stable around 18-20%.
|
Target: 19.0% (FY2025)
Actual: Achieved (Verified)
|
Concall Transcript
Page 8
|
Achieved | View PDF |
| FY2024 |
Revenue Growth
Bharti Airtel Limited guidance projects 12%-15% revenue growth.
|
Target: 13.5% (FY2025)
Actual: 14.2%
|
Annual Report
Page 15
|
Achieved | View PDF |
| FY2023 |
EBITDA Margin
Bharti Airtel Limited expects EBITDA margin to remain stable around 18-20%.
|
Target: 19.0% (FY2024)
Actual: Achieved (Verified)
|
Concall Transcript
Page 8
|
Achieved | View PDF |
| FY2023 |
Revenue Growth
Bharti Airtel Limited guidance projects 12%-15% revenue growth.
|
Target: 13.5% (FY2024)
Actual: 14.2%
|
Annual Report
Page 15
|
Achieved | View PDF |
| FY2022 |
EBITDA Margin
Bharti Airtel Limited expects EBITDA margin to remain stable around 18-20%.
|
Target: 19.0% (FY2023)
Actual: Achieved (Verified)
|
Concall Transcript
Page 8
|
Achieved | View PDF |
| FY2022 |
Revenue Growth
Bharti Airtel Limited guidance projects 12%-15% revenue growth.
|
Target: 13.5% (FY2023)
Actual: 14.2%
|
Annual Report
Page 15
|
Achieved | View PDF |
Local Filing Document Archive
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FY2026 | 657 bytes | Checksum: c4decf950df…
Bharti Airtel Limited FY2026 Concall Transcript
FY2026 | 662 bytes | Checksum: a6ceea44b76…
Bharti Airtel Limited FY2026 Investor Presentation
FY2026 | 665 bytes | Checksum: 62a2764e107…
Bharti Airtel Limited FY2026 Quarterly Results
FY2026 | 661 bytes | Checksum: 4df6ae269c5…
Bharti Airtel Limited FY2025 Annual Report
FY2025 | 657 bytes | Checksum: 2b3b1559df0…
Bharti Airtel Limited FY2025 Concall Transcript
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Bharti Airtel Limited FY2025 Investor Presentation
FY2025 | 665 bytes | Checksum: e2f704f497a…
Bharti Airtel Limited FY2025 Quarterly Results
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Bharti Airtel Limited FY2024 Annual Report
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Bharti Airtel Limited FY2024 Concall Transcript
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Bharti Airtel Limited FY2024 Investor Presentation
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Bharti Airtel Limited FY2024 Quarterly Results
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Bharti Airtel Limited FY2023 Annual Report
FY2023 | 657 bytes | Checksum: 9eff663626f…
Bharti Airtel Limited FY2023 Concall Transcript
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Bharti Airtel Limited FY2023 Investor Presentation
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Bharti Airtel Limited FY2023 Quarterly Results
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Bharti Airtel Limited FY2022 Annual Report
FY2022 | 657 bytes | Checksum: 110b2750c9d…
Bharti Airtel Limited FY2022 Concall Transcript
FY2022 | 662 bytes | Checksum: 56c745f8301…
Bharti Airtel Limited FY2022 Investor Presentation
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Bharti Airtel Limited FY2022 Quarterly Results
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Exchange Announcements & News
Audited Financial Results For The Quarter Ended June 30, 2026
July 10, 2026The board of directors approved the quarterly financial reports, showing a sales growth of 5.59% YoY.
Media Release - Performance Highlights And Expansion Strategy
July 08, 2026Annual general meeting outlines capital allocation, targeting green initiatives and tech development to boost ROCE.
FOLIUX AI Score
60/100
Fair Hold
Detailed Breakdown
Buy Score
70%
Valuation Score
79%
Growth Score
67%
Financial Health
83%
Technical Strength
87%