Bharti Airtel Ltd

₹ 1,847 -1.49%

26 May - close price

About

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]

Key Points

Segments & Presence^[1]
Mobile, Broadband, DTH and Bank.
The company has operations in India, Africa, Bangladesh and Sri Lanka.

Website BSE NSE

Market Cap ₹ 11,25,367 Cr.
Current Price ₹ 1,847
High / Low ₹ 2,175 / 1,740
Stock P/E 69.9
Book Value ₹ 263
Dividend Yield 0.87 %
ROCE 12.7 %
ROE 10.7 %
Face Value ₹ 5.00

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Pros

Company has delivered good profit growth of 24.8% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 79.4%

Cons

Stock is trading at 7.01 times its book value
Company has a low return on equity of 9.88% over last 3 years.
Promoter holding has decreased over last 3 years: -6.15%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Telecommunication Telecommunication Telecom - Services Telecom - Cellular & Fixed line services

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200 BSE Teck Nifty 500 BSE Dollex 30 Nifty 100 BSE Dollex 100 Nifty Infrastructure Nifty Services Sector Nifty India Consumption Nifty 200 Nifty Low Volatility 50 Nifty 100 Liquid 15 Nifty 100 Equal Weight BSE Telecommunication BSE SENSEX 50 BSE 100 ESG Index (INR) BSE 250 LargeMidCap Index BSE Low Volatility Index Nifty 50 Equal Weight Nifty 100 Low Volatility 30 BSE 100 LargeCap TMC Index Nifty200 Momentum 30 Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty100 ESG Nifty India Digital Index Nifty Total Market Nifty Alpha Low-Volatility 30 Nifty500 Multicap Infrastructure 50:30:20 Nifty100 Enhanced ESG BSE Internet Economy BSE 200 Equal Weight BSE Sensex Sixty 65:35 BSE Sensex Sixty Nifty Top 10 Equal Weight Index Nifty500 Momentum 50 BSE Sensex Equal Weight Nifty Non-Cyclical Consumer Nifty India New Age Consumption Nifty Top 15 Equal Weight Nifty500 Equal Weight Nifty Top 20 Equal Weight Nifty Rural Nifty500 LargeMidSmall Equal-Cap Weighted BSE India 150 BSE India Sector Leaders Nifty500 Low Volatility 50 BSE 1000 Nifty India FPI 150 Nifty India Infrastructure & Logistics

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	21,829	22,651	23,258	23,866	24,345	24,917	26,984	28,434	28,608	29,249	30,092	30,855	31,296
	10,371	10,515	10,786	10,942	11,360	11,491	12,032	12,395	12,267	12,404	12,617	12,957	13,251
Operating Profit	11,458	12,135	12,471	12,924	12,986	13,426	14,953	16,039	16,341	16,845	17,476	17,898	18,046
OPM %	52%	54%	54%	54%	53%	54%	55%	56%	57%	58%	58%	58%	58%
	138	185	-759	89	599	1,172	408	3,046	230	332	1,079	269	-2,349
Interest	3,108	3,452	3,741	3,550	3,662	3,668	3,872	4,031	3,669	3,835	3,854	3,815	4,075
Depreciation	6,706	6,931	7,113	7,458	7,607	7,928	8,137	8,230	8,216	8,279	8,623	8,859	8,810
Profit before tax	1,782	1,937	858	2,006	2,315	3,002	3,352	6,824	4,686	5,063	6,078	5,493	2,812
Tax %	24%	25%	66%	29%	21%	18%	25%	-35%	-99%	26%	25%	26%	52%
	1,354	1,457	293	1,414	1,824	2,469	2,518	9,197	9,318	3,764	4,545	4,091	1,344
EPS in Rs	2.43	2.61	0.52	2.51	3.23	4.34	4.42	16.15	16.34	6.60	7.97	7.17	2.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	55,496	60,300	62,276	53,663	49,606	54,317	64,326	70,795	84,720	94,120	108,944	121,493
	36,010	37,887	38,351	35,798	37,130	34,058	36,342	36,094	40,921	43,998	56,350	51,228
Operating Profit	19,486	22,413	23,925	17,864	12,476	20,259	27,984	34,700	43,799	50,122	52,593	70,264
OPM %	35%	37%	38%	33%	25%	37%	44%	49%	52%	53%	48%	58%
	5,138	962	-14,977	414	5,248	-39,425	-12,635	-1,406	-1,643	508	13,022	-669
Interest	1,409	3,545	5,255	5,911	7,848	11,463	11,817	13,221	14,532	14,405	15,240	15,579
Depreciation	7,560	9,575	12,203	13,049	15,120	20,392	21,998	24,330	26,355	29,108	32,511	34,571
Profit before tax	15,655	10,254	-8,510	-681	-5,244	-51,021	-18,465	-4,256	1,269	7,116	17,864	19,446
Tax %	16%	24%	17%	-112%	-64%	-29%	36%	-9%	107%	30%	-32%	29%
	13,200	7,780	-9,926	79	-1,869	-36,088	-25,198	-3,864	-90	4,988	23,502	13,744
EPS in Rs	24.01	14.15	-18.05	0.14	-3.40	-61.74	-42.82	-6.57	-0.16	8.82	41.22	22.56
Dividend Payout %	12%	7%	-4%	2,695%	-53%	-3%	0%	-43%	-2,533%	92%	39%	106%

Compounded Sales Growth
10 Years:	7%
5 Years:	14%
3 Years:	13%
TTM:	12%

Compounded Profit Growth
10 Years:	7%
5 Years:	25%
3 Years:	235%
TTM:	17%

Stock Price CAGR
10 Years:	19%
5 Years:	29%
3 Years:	31%
1 Year:	0%

Return on Equity
10 Years:	2%
5 Years:	6%
3 Years:	10%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	76,274	109,730	99,209	100,862	96,307	98,701	74,614	72,076	76,157	97,985	137,231	157,488
	21,570	45,571	60,095	65,416	83,790	118,800	130,407	129,905	181,696	169,299	161,457	144,138
	26,581	27,728	30,336	36,661	40,812	80,143	69,980	66,465	74,888	81,652	90,890	95,313
Total Liabilities	126,424	185,028	191,638	204,937	222,908	300,373	277,747	271,241	335,577	351,813	392,479	399,986
	53,444	91,926	111,523	122,609	133,812	161,679	157,388	163,736	187,409	221,717	234,288	228,376
CWIP	9,067	3,830	9,600	5,543	5,636	1,259	1,306	3,386	40,556	12,012	5,258	6,698
Investments	43,117	69,983	45,959	48,128	37,580	38,727	52,273	46,726	46,700	57,641	88,352	102,091
	20,796	19,289	24,556	28,657	45,879	98,708	66,779	57,393	60,913	60,444	64,581	62,821
Total Assets	126,424	185,028	191,638	204,937	222,908	300,373	277,747	271,241	335,577	351,813	392,479	399,986

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17,940	19,450	21,166	15,954	10,812	4,026	34,392	36,754	43,583	53,209	62,336	74,931
	-12,801	-21,989	-24,283	-17,211	-20,456	-22,272	-13,223	-33,170	-30,006	-34,877	-41,453	-41,286
	-5,196	1,898	3,456	1,637	9,398	21,114	-23,218	-4,289	-12,500	-19,184	-20,755	-27,350
Net Cash Flow	-57	-641	338	380	-246	2,869	-2,049	-704	1,076	-852	128	6,295
Free Cash Flow	10,286	8,778	-11,157	-3,530	-9,738	-7,362	19,325	2,990	18,896	26,659	38,182	48,529
CFO/OP	106%	96%	94%	91%	79%	21%	123%	105%	100%	105%	118%	106%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	22	19	19	29	28	26	18	14	9	10	11	9
Inventory Days
Days Payable
Cash Conversion Cycle	22	19	19	29	28	26	18	14	9	10	11	9
Working Capital Days	-88	-100	-113	-193	-317	-312	-205	-227	-184	-198	-266	-219
ROCE %	15%	11%	9%	4%	-0%	1%	4%	5%	9%	9%	8%	13%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mobile Customer Base - India
Million

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Africa Customer Base
Million

Homes Customer Base - India
Million

Network Towers - India
Number

Mobile Broadband Base Stations - India
Number

Mobile ARPU - India
INR

Data Usage per Mobile Customer - India
GB/Month

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	54.97%	54.75%	54.57%	53.48%	53.17%	53.14%	53.12%	52.42%	51.26%	50.27%	48.87%	48.87%
	21.48%	21.87%	22.69%	24.35%	24.62%	25.07%	24.27%	25.41%	26.72%	27.42%	28.75%	27.79%
	19.55%	19.69%	19.51%	19.20%	19.13%	18.69%	19.52%	19.23%	19.09%	19.40%	19.54%	20.53%
	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%
	3.82%	3.53%	3.07%	2.80%	2.89%	2.89%	2.91%	2.75%	2.74%	2.72%	2.65%	2.63%
	0.05%	0.04%	0.06%	0.05%	0.06%	0.07%	0.07%	0.07%	0.07%	0.05%	0.05%	0.04%
No. of Shareholders	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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	67.14%	67.14%	67.14%	58.98%	55.86%	55.93%	55.02%	53.48%	52.42%	48.87%
	15.22%	18.45%	17.61%	20.29%	18.57%	19.36%	20.97%	24.35%	25.41%	27.79%
	11.15%	12.38%	13.25%	15.83%	20.35%	19.50%	19.78%	19.20%	19.23%	20.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.12%	0.12%	0.12%
	6.46%	1.99%	2.00%	4.87%	5.16%	5.16%	4.05%	2.80%	2.75%	2.63%
	0.03%	0.04%	0.00%	0.04%	0.06%	0.05%	0.05%	0.05%	0.07%	0.04%
No. of Shareholders	2,12,238	1,93,663	1,86,238	2,30,528	7,13,866	7,67,578	7,58,715	6,94,297	8,33,428	9,01,086

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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