Bharti Airtel Limited (IN:BHARTIARTL)
:BHARTIARTL
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Bharti Airtel Limited
(BHARTIARTL)
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Rating:64Neutral
Price Target:
₹1,918.00
▼(-7.97% Downside)
Action:DowngradedDate:02/07/26
The score is primarily supported by strong operating profitability and solid free cash flow generation, but is held back by elevated leverage and a mixed-to-weaker near-term technical picture. A high P/E and low dividend yield further temper the overall attractiveness.
Positive Factors
High operating profitability
Sustained high EBIT and EBITDA margins reflect strong network scale and pricing power. These margins provide durable internal funding for capex and service quality, help absorb competitive pricing, and support long-term returns despite capital intensity typical in telecoms.
Negative Factors
Elevated leverage
Material leverage leaves the company sensitive to interest-rate moves and refinancing risk. High absolute debt constrains strategic flexibility, increases fixed financial costs, and makes sustained investment or M&A more dependent on steady cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
High operating profitability
Sustained high EBIT and EBITDA margins reflect strong network scale and pricing power. These margins provide durable internal funding for capex and service quality, help absorb competitive pricing, and support long-term returns despite capital intensity typical in telecoms.
Read all positive factors
Bharti Airtel Limited (BHARTIARTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.61T
Dividend Yield0.75%
Average Volume (3M)175.97K
Price to Earnings (P/E)48.4
Beta (1Y)0.99
Revenue Growth25.17%
EPS Growth212.83%
CountryIN
Employees28,673
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)11.02
Shares Outstanding5,702,105,500
10 Day Avg. Volume187,767
30 Day Avg. Volume175,974
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)9.08
Price to Sales (P/S)5.97
P/FCF Ratio23.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,350.00Price Target Upside12.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)67.02
Revenue Forecast (FY)₹2.39T
Bharti Airtel Limited Business Overview & Revenue Model
Company Description
Bharti Airtel Limited operates as a telecommunications company in Asia and Africa. It operates through Mobile Services India, Mobile Services Africa, Mobile Services South Asia, Airtel Business, Tower Infrastructure Services, Homes Services, Digit...
How the Company Makes Money
Airtel primarily makes money by charging customers recurring fees and usage-based charges for connectivity and related services. Its key revenue streams typically include: (1) Mobile services: subscription and prepaid recharge revenue from voice, ...
Bharti Airtel Limited Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
62
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.03T | 1.73T | 1.50T | 1.39T | 1.17T | 1.01T |
| Gross Profit | 996.90B | 631.68B | 503.54B | 452.71B | 323.83B | 223.72B |
| EBITDA | 1.17T | 1.01T | 684.65B | 690.91B | 589.51B | 297.81B |
| Net Income | 303.92B | 335.56B | 74.67B | 83.46B | 42.55B | -245.33B |
Balance Sheet | ||||||
| Total Assets | 5.29T | 5.16T | 4.48T | 4.47T | 3.64T | 3.46T |
| Cash, Cash Equivalents and Short-Term Investments | 276.80B | 183.73B | 172.79B | 181.23B | 143.56B | 175.44B |
| Total Debt | 1.98T | 2.14T | 2.16T | 2.26T | 1.70T | 1.63T |
| Total Liabilities | 3.60T | 3.63T | 3.42T | 3.40T | 2.72T | 2.65T |
| Stockholders Equity | 1.25T | 1.14T | 820.19B | 775.63B | 665.54B | 589.53B |
Cash Flow | ||||||
| Free Cash Flow | 674.14B | 434.10B | 273.55B | 343.29B | 157.22B | 189.98B |
| Operating Cash Flow | 1.10T | 813.17B | 655.46B | 603.85B | 422.63B | 438.13B |
| Investing Cash Flow | -697.89B | -730.84B | -506.95B | -408.94B | -395.36B | -263.45B |
| Financing Cash Flow | -360.33B | -67.05B | -139.35B | -177.16B | -47.83B | -210.61B |
Bharti Airtel Limited Technical Analysis
Neutral
2084.05
Price Trends
1914.77
Negative
2003.03
Negative
1972.05
Negative
Market Momentum
-32.67
Negative
46.72
Neutral
51.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARTIARTL, the sentiment is Neutral. The current price of 2084.05 is above the 20-day moving average (MA) of 1820.25, above the 50-day MA of 1914.77, and above the 200-day MA of 1972.05, indicating a neutral trend. The MACD of -32.67 indicates Negative momentum. The RSI at 46.72 is Neutral, neither overbought nor oversold. The STOCH value of 51.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BHARTIARTL.
Bharti Airtel Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹1.16T | 15.55 | ― | ― | 7.80% | 26.53% | |
67 Neutral | ₹418.29B | 35.60 | ― | 1.39% | 4.94% | 49.05% | |
64 Neutral | ₹10.61T | 48.36 | ― | 0.75% | 25.17% | 212.83% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | ₹79.59B | -16.09 | ― | ― | -5.82% | 0.28% | |
45 Neutral | ₹997.84B | -3.48 | ― | ― | 3.81% | 39.18% | |
39 Underperform | ₹17.67B | -0.63 | ― | ― | -21.58% | -8.54% |
* Communication Services Sector Average
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Bharti Airtel Limited Corporate Events
Bharti Airtel Converts Rights Issue Shares After Raising INR 156,960 Million
Mar 18, 2026
Bharti Airtel has received about INR 156,959.77 million as the first and final call money on 391,176,994 partly paid-up equity shares issued in its 2021 rights offering, and has converted these into fully paid-up equity shares under its existing I...
Bharti Airtel to Pay Rs 6.83 Lakh Penalty for Subscriber Verification Lapses
Mar 17, 2026
Bharti Airtel has disclosed that the Department of Telecommunications’ Andhra Pradesh circle has issued a notice imposing a penalty of Rs 6.83 lakh for alleged violations of subscriber verification norms identified during a Customer Applicat...
Bharti Airtel Sets 2027 Transition to New Statutory Auditor S.R. Batliboi & Associates
Mar 10, 2026
Bharti Airtel has initiated a planned transition of its statutory auditors, with Deloitte Haskins Sells LLP set to retire at the conclusion of the company’s 32nd annual general meeting in 2027 upon completion of its second consecutive term....
Airtel Becomes First Telco to Connect Remote Marwah Corridor in J&K
Mar 10, 2026
Bharti Airtel, one of India’s leading telecom operators and a top global mobile player, provides integrated communications services spanning high-speed mobile data, broadband, digital financial services, enterprise connectivity, cloud and cy...
Airtel Partners Google to Launch AI-Powered Secure RCS Messaging in India
Mar 1, 2026
Bharti Airtel has partnered with Google to roll out an AI-powered, secure Rich Communications Services messaging experience in India, combining Airtel’s network intelligence with Google’s RCS platform and spam filtering. The collaborat...
Bharti Airtel Discloses TRAI Penalty Over Complaint Redressal Lapses
Feb 27, 2026
Bharti Airtel has disclosed that it received an order from the Telecom Regulatory Authority of India imposing a financial disincentive of ₹17.01 lakh for alleged non-compliance in handling customer complaints. The issue relates to redressal ...
Bharti Airtel Publishes Recording of February 26 Investors’ Call
Feb 26, 2026
Bharti Airtel has notified stock exchanges that the audio and video recording of its February 26, 2026 investors’ call has been uploaded to the company’s website. By making the call recording publicly accessible, Airtel is reinforcing ...
Bharti Airtel to Hold Virtual Group Call With Investors on February 26
Feb 24, 2026
Bharti Airtel has notified the stock exchanges that it will participate in a virtual group call with investors on February 26, 2026, under disclosure requirements of the SEBI Listing Regulations. The company emphasized that no unpublished price-se...
Bharti Airtel to Pay Rs. 7.10 Lakh Penalty for DoT Subscriber Verification Lapse
Feb 21, 2026
Bharti Airtel has disclosed that it received a notice from the Department of Telecommunications’ Andhra Pradesh circle imposing a penalty of Rs. 7.10 lakh for alleged violations of subscriber verification norms. The notice follows a sample C...
‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
Jan 29, 2026
Bharti Airtel has announced a landmark partnership with Adobe to provide its 360 million customers across mobile, Wi-Fi and DTH with one year of free access to Adobe Express Premium, an AI-powered creative design and video-editing app normally pri...
Bharti Airtel to Pay Rs 1.11 Lakh Penalty Over Subscriber Verification Lapse
Jan 23, 2026
Bharti Airtel has disclosed that it received a notice from the Department of Telecommunications (DoT), Uttar Pradesh (East) circle, imposing a penalty of Rs 1,11,000 for alleged violations of subscriber verification norms identified during a sampl...
Airtel First to Deliver Seamless Mobile Connectivity on Kolkata’s Vidyasagar Setu
Jan 21, 2026
Bharti Airtel has become the first and only telecom operator to deliver seamless mobile connectivity on Vidyasagar Setu, the critical bridge linking Kolkata and Howrah, by deploying 1.3 km of fiber and network antennas on six poles to ensure unint...
Bharti Airtel Fined by DoT Karnataka for Subscriber Verification Lapses
Jan 20, 2026
Bharti Airtel has disclosed that it received a notice from the Department of Telecommunications, Karnataka LSA, imposing a penalty of Rs 2,06,000 for alleged violations of subscriber verification norms identified during a sample Customer Applicati...
Airtel Adds 2,400+ New 5G Sites to Boost Coverage in Madhya Pradesh and Chhattisgarh
Jan 19, 2026
Bharti Airtel has expanded its 5G network across Madhya Pradesh and Chhattisgarh by deploying more than 2,400 new sites over the past year, extending high-speed coverage to 36 million customers in 87 districts. The rollout, which adds roughly six ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.