Bharti Airtel Limited (IN:BHARTIARTL)
:BHARTIARTL
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Bharti Airtel Limited
(BHARTIARTL)
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Rating:64Neutral
Price Target:
₹1,942.00
▼(-6.82% 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
Operating Profitability
High operating margins (EBIT ~32%, EBITDA ~57.7%) indicate durable scale advantages and pricing power across mobile, broadband and enterprise segments. Sustained margins fund ongoing network investment and technology upgrades, supporting competitive positioning and long-term cash generation.
Negative Factors
Elevated Leverage
Material leverage (debt-to-equity ~1.59 TTM and large absolute debt) limits financial flexibility and increases exposure to rising funding costs. Continued high debt makes the company sensitive to interest rate cycles and constrains the pace of strategic spend or aggressive buybacks without impacting credit metrics.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Profitability
High operating margins (EBIT ~32%, EBITDA ~57.7%) indicate durable scale advantages and pricing power across mobile, broadband and enterprise segments. Sustained margins fund ongoing network investment and technology upgrades, supporting competitive positioning and long-term cash generation.
Read all positive factors
Bharti Airtel Limited (BHARTIARTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.49T
Dividend Yield0.75%
Average Volume (3M)175.97K
Price to Earnings (P/E)48.4
Beta (1Y)0.98
Revenue Growth25.05%
EPS Growth23.29%
CountryIN
Employees28,673
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)11.02
Shares Outstanding6,093,275,000
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)66.91
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
Negative
2084.05
Price Trends
1897.87
Negative
1987.16
Negative
1971.30
Negative
Market Momentum
-8.73
Negative
48.59
Neutral
67.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARTIARTL, the sentiment is Negative. The current price of 2084.05 is above the 20-day moving average (MA) of 1830.96, above the 50-day MA of 1897.87, and above the 200-day MA of 1971.30, indicating a neutral trend. The MACD of -8.73 indicates Negative momentum. The RSI at 48.59 is Neutral, neither overbought nor oversold. The STOCH value of 67.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹1.08T | 15.44 | ― | ― | 7.87% | -27.50% | |
64 Neutral | ₹11.49T | 48.36 | ― | 0.75% | 25.05% | 23.29% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | ₹450.23B | 38.36 | ― | 1.39% | 6.96% | -31.56% | |
49 Neutral | ₹83.98B | -28.51 | ― | ― | -11.30% | 83.09% | |
45 Neutral | ₹1.11T | -3.48 | ― | ― | 3.22% | 42.76% | |
44 Neutral | ₹19.64B | -0.63 | ― | ― | -15.50% | -10.50% |
* Communication Services Sector Average
IN:BHARTIARTL
Bharti Airtel Limited
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2.69%
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Bharti Airtel Limited Corporate Events
Airtel Faces TRAI Penalty Over Billing Accuracy Rules for FY22
Apr 22, 2026
Bharti Airtel has disclosed that India’s telecom regulator, the Telecom Regulatory Authority of India, has imposed a financial disincentive of about INR 2.1 million on the company for alleged non-compliance with Quality of Service regulation...
Airtel boosts Maharashtra and Goa 5G reach with 3,400 new sites
Apr 21, 2026
Bharti Airtel has expanded its 5G network in Maharashtra and Goa by deploying more than 3,400 new sites over the past year, extending high-speed coverage across 36 districts to over 22 million customers in cities, towns and remote rural areas. The...
Bharti Airtel Pays DoT Penalty Over Subscriber Verification Lapse
Apr 18, 2026
Bharti Airtel has disclosed that the Department of Telecommunications’ Uttar Pradesh (East) unit has issued a notice imposing a penalty of Rs 1,07,000 for alleged violations of subscriber verification norms identified during a February 2026 ...
Bharti Airtel Faces TRAI Financial Disincentive Over Complaint Redressal
Apr 10, 2026
Bharti Airtel disclosed that it has received an order from the Telecom Regulatory Authority of India imposing a financial disincentive of INR 5,110,000 for shortcomings in complaint redressal under the Telecom Commercial Communications Customer Pr...
Bharti Airtel Contests DoT Penalty Over Subscriber Verification Lapses
Apr 9, 2026
Bharti Airtel has disclosed that it received a notice from the Department of Telecommunications’ Assam License Service Area imposing a penalty of Rs. 6,32,000 for alleged violations of subscriber verification norms identified during a sample...
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...
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.