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Bharti Airtel Ltd

₹ 2,084-1.00%
07 Jan – close price
🔗airtel.in•BSE: 532454•NSE: BHARTIARTL
Market Cap₹ 12,53,682 Cr.
Current Price₹ 2,084
High / Low₹ 2,175
Stock P/E51.8
Book Value₹ 244
Dividend Yield0.77 %
ROCE8.18 %
ROE11.4 %
Face Value₹ 5.00
Sales₹ 1,16,384 Cr.
OPM57.3 %
Mar Cap₹ 12,53,682 Cr.

ABOUT

Bharti Airtel Ltd is one of the world’s leading providers of telecommunication services with presence in 18 countries representing India, SriLanka, 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.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsCapacity Expansion And ProductsLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Bharti Airtel2084.2051.781253681.770.774544.8080.5230092.3011.528.18116383.8057.3124209.904544.808.533.711.16
2.Vodafone Idea11.46–124161.120.00-5524.2022.4911194.702.40-1.9344348.0042.10-25945.30-5561.80–-14.36–
3.Bharti Hexacom1780.7055.4989062.390.56421.2066.422317.3010.4717.449120.0051.411604.91421.2014.267.041.06
4.Tata Comm1799.9051.4151311.371.39183.21-18.246099.756.4914.7923848.0219.35998.02193.8718.015.224.68
5.Tata Tele. Mah.48.30–9422.860.00-320.822.90286.13-16.7050.321211.4248.68-1263.53-320.82–-98.17–
6.M T N L36.00–2266.740.00-960.20-7.85189.76-28.83-6.76688.90-65.41-3567.30-960.20–-31.75–
7.Reliance Communi1.09–301.440.00-2701.00-174.1987.00-1.14–344.00-24.71-213.61-85.00–-25.62–
–Median: 7 Co.48.351.7851311.370.0-320.822.92317.32.411.489120.042.1-213.61-85.014.26-14.361.16

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
21,60623,86628,43422,65124,91729,24921,82924,34528,60821,05823,25826,98430,092
Expenses
10,35910,94212,39510,51511,49112,40410,37111,36012,26710,16510,78612,03212,617
Operating Profit
11,24712,92416,03912,13513,42616,84511,45812,98616,34110,89212,47114,95317,476
Other Income
-3,937893,0461851,172332138599230498-7594081,079
Profit before tax
-2,8802,0066,8241,9373,0025,0631,7822,3154,6869298583,3526,078
Tax %
12%29%-35%25%18%26%24%21%-99%26%66%25%25%
Net Profit
-3,2221,4149,1971,4572,4693,7641,3541,8249,3186842932,5184,545
EPS in Rs
-5.792.5116.152.614.346.602.433.2316.341.230.524.427.97

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
49,91855,49660,30062,27653,66349,60654,31764,32670,79584,72094,120108,944116,384
Expenses
33,62036,01037,88738,35135,79834,99434,05836,34236,09440,92143,99856,35049,683
Operating Profit
16,29919,48622,41323,92517,86414,61220,25927,98434,70043,79950,12252,59366,701
Other Income
6465,138962-14,9774143,112-39,425-12,635-1,406-1,64350813,0224,687
Interest
1,3361,4093,5455,2555,9117,84811,46311,81713,22114,53214,40515,24015,388
Depreciation
7,2317,5609,57512,20313,04915,12020,39221,99824,33026,35529,10832,51133,348
Profit before tax
8,37715,65510,254-8,510-681-5,244-51,021-18,465-4,2561,2697,11617,86422,651
Net Profit
6,60013,2007,780-9,92679-1,869-36,088-25,198-3,864-904,98823,50226,824
EPS in Rs
12.0124.0114.15-18.050.14-3.40-61.74-42.82-6.57-0.168.8241.2247.06
Dividend Payout %
11%12%7%-4%2,695%-53%-3%0%-43%-2,533%92%39%–

Compounded Profit Growth

10 Years:3%
5 Years:20%
3 Years:108%
TTM:221%

Compounded Sales Growth

10 Years:7%
5 Years:15%
3 Years:15%
TTM:16%

Return on Equity

10 Years:2%
5 Years:0%
3 Years:7%
Last Year:11%

Stock Price CAGR

10 Years:22%
5 Years:31%
3 Years:38%
1 Year:31%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1,9991,9991,9991,9991,9991,9992,7282,7462,7952,8372,8772,9002,900
Reserves
64,72976,274109,73099,209100,86296,30798,70174,61472,07676,15797,985137,231136,464
Borrowings
10,36521,57045,57160,09565,41683,790118,800130,407129,905181,696169,299161,457161,021
Other Liabilities
21,11126,58127,72830,33636,66140,81280,14369,98066,46574,88881,65290,89094,323
Total Liabilities
98,204126,424185,028191,638204,937222,908300,373277,747271,241335,577351,813392,479394,709
Fixed Assets
39,87853,44491,926111,523122,609133,812161,679157,388163,736187,409221,717234,288230,782
Gross Block
79,574100,087145,669176,461198,828223,971265,476274,748301,756343,089397,420433,500–
Accumulated Depreciation
39,69646,64353,74364,93876,21990,159103,797117,360138,020155,680175,702199,212–
CWIP
1,2449,0673,8309,6005,5435,6361,2591,3063,38640,55612,0125,2585,150
Investments
34,52443,11769,98345,95948,12837,58038,72752,27346,72646,70057,64188,35290,492
Other Assets
22,55820,79619,28924,55628,65745,87998,70866,77957,39360,91360,44464,58168,286
Total Assets
98,204126,424185,028191,638204,937222,908300,373277,747271,241335,577351,813392,479394,709

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
16,02217,94019,45021,16615,95410,8124,02634,39236,75443,58353,20962,336
Cash from Investing Activity
-17,086-12,801-21,989-24,283-17,211-20,456-22,272-13,223-33,170-30,006-34,877-41,453
Cash from Financing Activity
1,182-5,1961,8983,4561,6379,39821,114-23,218-4,289-12,500-19,184-20,755
Net Cash Flow
118-57-641338380-2462,869-2,049-7041,076-852128

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
16221919292826181491011
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
16221919292826181491011
Working Capital Days
-97-88-100-108-193-317-312-205-227-184-198-266
ROCE %
13%15%11%9%4%3%1%4%5%9%9%8%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
55.12%55.02%54.97%54.75%54.57%53.48%53.17%53.14%53.12%52.42%51.26%50.27%
FIIs
21.70%20.97%21.48%21.87%22.69%24.35%24.62%25.07%24.27%25.41%26.72%27.42%
DIIs
19.02%19.78%19.55%19.69%19.51%19.20%19.13%18.69%19.52%19.23%19.09%19.40%
Public
4.00%4.05%3.82%3.53%3.07%2.80%2.89%2.89%2.91%2.75%2.74%2.72%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Airtel Achieves 650 Million Customer Milestone, Becomes World's Second Largest Telco

2nd April 2026, 5:39 pm

Bharti Airtel Fined ₹6.8 Lakh by DoT for Subscriber Verification Lapses

31st March 2026, 5:52 pm

Bharti Airtel's Nxtra Secures US$1 Billion Investment from Global Investors, Valued at US$3.1 Billion

31st March 2026, 2:30 am

Bharti Airtel's Nxtra Data Secures US$1 Billion Investment from Alpha Wave, Carlyle, Anchorage Capital

31st March 2026, 2:26 am

Bharti Airtel Fined Rs. 1.74 Lakh by DoT for Subscriber Verification Norms Violation

28th March 2026, 7:06 pm

Published by Other Websites

External media mentions & references

Airtel Surges to World's 2nd Largest Mobile Operator: 650 Million Subscribers

2nd April 2026, 2:14 pm

Pharma Tumble, IndiGo Charges Hit Indian Markets

2nd April 2026, 1:11 pm

Kotak Upgrades Bharti Airtel: 26% Upside Potential Revealed

2nd April 2026, 12:49 pm

Geopolitics Hits India: Motilal Oswal Lists 21 Top Stock Picks

2nd April 2026, 11:54 am

Banks, Auto Firms Lead Stocks in Focus: April 2 Market Movers

2nd April 2026, 7:01 am

News Articles

Editorial & research coverage

India Stocks: Index Up, Individual Shares Down - The Divergence Deepens
India Stocks: Index Up, Individual Shares Down - The Divergence Deepens

14th February 2026, 10:38 pm

SBI Funds: Long-Term Bets vs. Short-Term Gains
SBI Funds: Long-Term Bets vs. Short-Term Gains

14th February 2026, 9:38 pm

Airtel Added to MS Lists: ARPU Gains Face Competitive Headwinds
Airtel Added to MS Lists: ARPU Gains Face Competitive Headwinds

13th February 2026, 7:41 am

India Telecom Sees Slower Growth, Focus Shifts to Value
India Telecom Sees Slower Growth, Focus Shifts to Value

13th February 2026, 12:31 am

India Deals Dip 11% Jan; Fiscal Year Surge Continues
India Deals Dip 11% Jan; Fiscal Year Surge Continues

12th February 2026, 7:54 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication

3 Jan - Publication of newspaper advertisements w.r.t. Notice of Postal Ballot

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Disclosure Under Regulation 30 Of SEBI (LODR), Regulations, 2015

2 Jan - DoT imposed Rs.125,000 penalty (Dec 31, 2025) for subscriber verification violation; Airtel will pay.

Disclosure Under Regulation 30 Of SEBI (LODR), Regulations, 2015

31 Dec - DoT Bihar penalty Rs.2,46,000 (Dec 30) and MP penalty Rs.1,16,000 (Dec 30); one contested, one paid.

Disclosure Under Regulation 30 Of SEBI (LODR), Regulations, 2015

30 Dec - DoT Andhra Pradesh imposed Rs.6,99,000 penalty (notice received Dec 29,2025) for August 2025 CAF audit verification lapses; Airtel will pay.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

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Financial Year 2019

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Financial Year 2018

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Financial Year 2017

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Financial Year 2016

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Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Credit Ratings

Rating update

22 Sep 2025 from crisil

Rating update

24 Jul 2025 from fitch

Rating update

17 Jul 2025 from crisil

Rating update

14 May 2025 from crisil

Rating update

14 Nov 2024 from crisil

Rating update

28 Oct 2024 from care

Concalls

Nov 2025

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Stock Analysis

Description

Bharti Airtel Limited is a leading telecommunications company operating in India and across Africa, providing mobile, broadband, DTH, and banking services.

Key Growth Triggers

Key growth triggers for Bharti Airtel include the ongoing expansion of its 5G network, driving ARPU improvements, growth in its enterprise (B2B) segment focusing on Cloud, IoT, and AI services, and strategic partnerships to enhance digital capabilities.

Order Book

Currently no data available for Order Book.

Key Red Flags

The company faces routine regulatory scrutiny with penalties from the Department of Telecommunications for subscriber verification lapses, as seen with the recent Rs. 1.2 Lakhs fine.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

2nd Apr 26
Impact Rating: 9
Bharti Airtel has achieved a significant milestone by crossing 650 million customers globally, cementing its position as the world's second-largest telecom operator. The company's extensive operations cover India and Africa.
31st Mar 26
Impact Rating: 5
Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT) imposing a penalty of ₹6.80 lakh for alleged violations of subscriber verification norms, identified during a CAF Audit. The company will pay the fine.
30th Mar 26
Impact Rating: 9
No description available.
30th Mar 26
Impact Rating: 9
Nxtra Data, Bharti Airtel's data center arm, is raising US$1 billion from Alpha Wave Global, Carlyle, and Anchorage Capital. This investment will fund Nxtra's growth plans, scaling infrastructure and services, with the company valued at about US$3.1 billion post-transaction.
28th Mar 26
Impact Rating: 6
Bharti Airtel received a notice imposing a penalty of ₹1.74 lakh (₹0.02 cr) from the Department of Telecommunications for alleged violations in subscriber verification processes, a matter the company decided to settle without contest.