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Bharti Airtel Limited (IN:BHARTIARTL)
:BHARTIARTL
India Market
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Bharti Airtel Limited (BHARTIARTL) Ratios

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Bharti Airtel Limited Ratios

IN:BHARTIARTL's free cash flow for Q1 2026 was ₹0.71. For the 2026 fiscal year, IN:BHARTIARTL's free cash flow was decreased by ₹ and operating cash flow was ₹0.32. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
0.42 0.42 0.42 0.47 0.46
Quick Ratio
0.42 0.42 0.42 0.47 0.45
Cash Ratio
0.03 0.05 0.05 0.06 0.05
Solvency Ratio
0.23 0.14 0.14 0.13 0.14
Operating Cash Flow Ratio
0.57 0.47 0.57 0.54 0.48
Short-Term Operating Cash Flow Coverage
2.36 3.13 3.77 4.67 2.84
Net Current Asset Value
₹ -2.84T₹ -2.81T₹ -2.81T₹ -2.83T₹ -2.20T
Leverage Ratios
Debt-to-Assets Ratio
0.39 0.48 0.48 0.51 0.47
Debt-to-Equity Ratio
1.70 2.63 2.63 2.91 2.55
Debt-to-Capital Ratio
0.63 0.72 0.72 0.74 0.72
Long-Term Debt-to-Capital Ratio
0.58 0.61 0.61 0.66 0.63
Financial Leverage Ratio
4.30 5.42 5.42 5.76 5.46
Debt Service Coverage Ratio
1.73 1.61 1.61 1.95 1.68
Interest Coverage Ratio
2.44 2.04 2.10 1.82 1.86
Debt to Market Cap
0.19 0.22 0.22 0.39 0.31
Interest Debt Per Share
388.84 411.18 411.18 434.91 324.30
Net Debt to EBITDA
1.81 3.04 3.04 3.17 2.77
Profitability Margins
Gross Profit Margin
47.72%33.57%33.57%65.56%61.04%
EBIT Margin
33.79%19.29%19.09%22.18%22.08%
EBITDA Margin
59.61%45.65%45.65%49.65%50.58%
Operating Profit Margin
29.25%25.85%26.59%25.20%21.15%
Pretax Profit Margin
23.31%8.45%8.45%11.90%10.71%
Net Profit Margin
19.21%4.98%4.98%6.00%3.65%
Continuous Operations Profit Margin
21.85%5.71%5.71%8.29%5.05%
Net Income Per EBT
82.43%58.89%58.89%50.40%34.09%
EBT Per EBIT
79.71%32.71%31.79%47.23%50.64%
Return on Assets (ROA)
6.86%1.68%1.68%1.87%1.17%
Return on Equity (ROE)
33.34%9.10%9.10%10.76%6.39%
Return on Capital Employed (ROCE)
15.40%12.67%13.04%10.80%9.88%
Return on Invested Capital (ROIC)
12.95%7.77%8.00%7.47%5.93%
Return on Tangible Assets
10.66%2.52%2.52%2.97%1.77%
Earnings Yield
3.23%1.08%1.08%1.98%1.00%
Efficiency Ratios
Receivables Turnover
22.82 20.27 20.27 21.97 19.55
Payables Turnover
2.21 2.84 2.84 1.46 1.55
Inventory Turnover
0.00 273.78 273.78 186.01 121.08
Fixed Asset Turnover
0.85 0.87 0.87 0.86 0.92
Asset Turnover
0.36 0.34 0.34 0.31 0.32
Working Capital Turnover Ratio
-1.77 -2.07 -2.07 -2.20 -1.96
Cash Conversion Cycle
-149.02 -109.37 -109.37 -232.00 -213.64
Days of Sales Outstanding
16.00 18.00 18.00 16.62 18.67
Days of Inventory Outstanding
0.00 1.33 1.33 1.96 3.01
Days of Payables Outstanding
165.01 128.71 128.71 250.58 235.33
Operating Cycle
16.00 19.34 19.34 18.58 21.68
Cash Flow Ratios
Operating Cash Flow Per Share
162.27 114.91 138.31 115.81 97.53
Free Cash Flow Per Share
94.35 47.95 68.10 46.99 18.03
CapEx Per Share
67.92 66.95 70.21 68.82 79.51
Free Cash Flow to Operating Cash Flow
0.58 0.42 0.49 0.41 0.18
Dividend Paid and CapEx Coverage Ratio
2.04 1.55 1.78 1.54 1.19
Capital Expenditure Coverage Ratio
2.39 1.72 1.97 1.68 1.23
Operating Cash Flow Coverage Ratio
0.46 0.30 0.37 0.29 0.32
Operating Cash Flow to Sales Ratio
0.51 0.44 0.53 0.47 0.47
Free Cash Flow Yield
5.09%3.94%5.59%6.27%2.39%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
30.95 93.00 93.00 50.62 100.08
Price-to-Sales (P/S) Ratio
5.85 4.63 4.63 3.04 3.65
Price-to-Book (P/B) Ratio
9.14 8.47 8.47 5.45 6.40
Price-to-Free Cash Flow (P/FCF) Ratio
19.66 25.39 17.88 15.94 41.88
Price-to-Operating Cash Flow Ratio
11.63 10.59 8.80 6.47 7.74
Price-to-Earnings Growth (PEG) Ratio
5.13 -8.05 -8.05 0.54 -0.78
Price-to-Fair Value
9.14 8.47 8.47 5.45 6.40
Enterprise Value Multiple
11.61 13.19 13.19 9.28 10.00
Enterprise Value
12.73T 9.03T 9.03T 6.41T 5.89T
EV to EBITDA
11.61 13.19 13.19 9.28 10.00
EV to Sales
6.92 6.02 6.02 4.61 5.06
EV to Free Cash Flow
23.28 33.01 23.24 24.20 57.97
EV to Operating Cash Flow
13.54 13.77 11.44 9.82 10.71
Tangible Book Value Per Share
-39.06 -75.71 -75.71 -105.44 -55.07
Shareholders’ Equity Per Share
206.52 143.78 143.78 137.51 117.99
Tax and Other Ratios
Effective Tax Rate
0.06 0.33 0.33 0.26 0.33
Revenue Per Share
317.29 262.93 262.93 246.68 206.62
Net Income Per Share
60.97 13.09 13.09 14.80 7.54
Tax Burden
0.82 0.59 0.59 0.50 0.34
Interest Burden
0.69 0.44 0.44 0.54 0.49
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.00 0.00 <0.01 <0.01 <0.01
Stock-Based Compensation to Revenue
0.00 0.00 <0.01 <0.01 <0.01
Income Quality
2.36 8.78 10.57 3.94 4.41
Currency in INR
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