Bharti Airtel Limited (BHARTIARTL) AI Stock Analysis

• Market Cap: ₹12.04T
• Dividend Yield: 0.77%
• Average Volume (3M): 175.97K
• Price to Earnings (P/E): 33.4
• Beta (1Y): 0.80
• Revenue Growth: 25.17%
• EPS Growth: 212.83%
• Country: IN
• Employees: 28,673
• Sector: Services
• Sector Strength: N/A
• Industry: Telecommunications Services
• EPS (TTM): 11.72
• Shares Outstanding: 5,702,105,500
• 10 Day Avg. Volume: 187,767
• 30 Day Avg. Volume: 175,974
• PEG Ratio: 0.09
• Price to Book (P/B): 9.08
• Price to Sales (P/S): 5.97
• P/FCF Ratio: 23.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,288.33
• Price Target Upside: 9.69% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹2,341.00 ▲(12.22% Upside)

Bharti Airtel's strong financial performance and positive technical indicators are the primary drivers of its stock score. The company's high debt level and relatively high valuation are notable risks. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

Consistent revenue growth reflects the company's ability to expand its market presence and increase service adoption, supporting long-term business sustainability.

Profitability Metrics

Strong profitability metrics indicate efficient operations and cost management, enhancing the company's ability to reinvest in growth opportunities.

Cash Flow Generation

Robust cash flow generation supports financial flexibility, enabling the company to invest in infrastructure and strategic initiatives for future growth.

Negative Factors

High Debt Levels

Elevated debt levels can constrain financial flexibility and increase vulnerability to interest rate changes, impacting long-term stability.

Equity Financing Reliance

Moderate reliance on equity financing may limit the company's ability to leverage additional equity for growth without diluting existing shareholders.

Debt Management

While the company is profitable, high leverage requires careful debt management to avoid potential financial strain, especially in volatile markets.

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, Digital TV Services, and Others segments. The company's product offerings include 2G, 3G, and 4G wireless services, as well as mobile commerce, fixed line services, high speed home broadband, DTH, and enterprise services, including national and international long distance services to carriers. It also provides voice, data, video, network integration, data center, and managed services, as well as enterprise mobility applications; on-demand entertainment and streaming services, such as music and video; digital payments and financial services; and cloud and data center, cybersecurity, IoT, Ad Tech, and cloud based communication products. In addition, the company operates a submarine cable system; and provides telecom towers and related infrastructure for various mobile operators. As of August 5, 2021, it had approximately 474 million customers across its operations. Bharti Airtel Limited has collaboration with Qualcomm Technologies, Inc. for accelerating 5G; partnership with Google Cloud and Cisco to launch Airtel Office Internet, a unified enterprise grade solution; and a strategic partnership with Tata Consultancy Services Limited for implementing 5G network solutions for India. The company was formerly known as Bharti Tele-Ventures Limited and changed its name to Bharti Airtel Limited in April 2006. Bharti Airtel Limited was incorporated in 1995 and is headquartered in New Delhi, India.

How the Company Makes Money

Bharti Airtel generates revenue primarily through several key streams: mobile services, which include voice and data plans for consumers and businesses; broadband services, providing high-speed internet access; and digital television services through its DTH platform. The company also earns income from its Airtel Payments Bank, which facilitates financial transactions, and from enterprise solutions that cater to business clients. Key partnerships with technology companies and content providers enhance its offerings, while strategic investments in network infrastructure and expansion into new markets contribute to its overall profitability.

Bharti Airtel Limited Financial Statement Overview

Summary

Bharti Airtel demonstrates strong financial health with impressive revenue growth and profitability metrics. The company has a high debt load, but it effectively generates returns on equity and maintains strong cash flow performance. The financial statements reflect a well-managed company with a positive growth outlook, though the high leverage warrants monitoring.

Income Statement

Bharti Airtel has shown strong revenue growth with a TTM revenue growth rate of 5.8%, indicating a positive trajectory. The company maintains healthy profitability with a gross profit margin of 47.7% and a net profit margin of 19.2% in the TTM period. The EBIT and EBITDA margins are also robust at 33.8% and 59.6%, respectively, reflecting efficient operations and cost management.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.70, which is a potential risk factor. However, the return on equity is strong at 33.3%, indicating effective use of equity to generate profits. The equity ratio stands at 22.5%, suggesting a moderate reliance on equity financing.

Cash Flow

Cash flow analysis reveals a solid free cash flow growth rate of 13.6% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is 0.57, showing good cash conversion. The free cash flow to net income ratio of 0.58 suggests efficient cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.95T	1.73T	1.50T	1.39T	1.17T	1.01T
Gross Profit	939.37B	631.68B	503.54B	452.71B	323.83B	223.72B
EBITDA	1.19T	1.01T	684.65B	690.91B	589.51B	297.81B
Net Income	385.43B	335.56B	74.67B	83.46B	42.55B	-245.33B
Balance Sheet
Total Assets	5.24T	5.16T	4.48T	4.47T	3.64T	3.46T
Cash, Cash Equivalents and Short-Term Investments	237.59B	183.73B	172.79B	181.23B	143.56B	175.44B
Total Debt	2.08T	2.14T	2.16T	2.26T	1.70T	1.63T
Total Liabilities	3.64T	3.63T	3.42T	3.40T	2.72T	2.65T
Stockholders Equity	1.18T	1.14T	820.19B	775.63B	665.54B	589.53B
Cash Flow
Free Cash Flow	621.62B	434.10B	273.55B	343.29B	157.22B	189.98B
Operating Cash Flow	1.03T	813.17B	655.46B	603.85B	422.63B	438.13B
Investing Cash Flow	-696.35B	-730.84B	-506.95B	-408.94B	-395.36B	-263.45B
Financing Cash Flow	-286.18B	-67.05B	-139.35B	-177.16B	-47.83B	-210.61B

Bharti Airtel Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2086.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 2086.1 is below the 20-day moving average (MA) of 2105.14, above the 50-day MA of 2030.78, and above the 200-day MA of 1878.18, indicating a neutral trend. The MACD of 19.65 indicates Positive momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 10.73 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDUSTOWER	79 Outperform	₹1.04T	11.06	―	―	7.80%	26.53%
BHARTIARTL	73 Outperform	₹12.04T	33.37	―	0.77%	25.17%	212.83%
TATACOMM	67 Neutral	₹520.50B	37.71	―	1.36%	4.94%	49.05%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
IDEA	53 Neutral	₹1.02T	-2.62	―	―	3.81%	39.18%
TTML	48 Neutral	₹108.52B	-8.56	―	―	-5.82%	0.28%
MTNL	38 Underperform	₹26.38B	-0.75	―	―	-21.58%	-8.54%

Bharti Airtel Limited Corporate Events

Bharti Airtel Expands Focus to Emerging Technologies

Bharti Airtel Limited has announced an amendment to its Memorandum of Association to include emerging technologies and related business activities within its existing operations. This procedural change, approved by the Board of Directors, aims to enhance the company’s adaptability and competitiveness in the evolving telecom industry, pending shareholder approval.

Bharti Airtel Approves Grant of Stock Options to Employees

Bharti Airtel Limited has announced that its HR & Nomination Committee has approved the grant of 29,154 stock options under various incentive plans as part of the ESOP Scheme 2005. This move is in line with SEBI regulations and aims to incentivize and retain talent within the company, potentially enhancing employee engagement and aligning their interests with the company’s long-term goals.

Bharti Airtel’s Subsidiary Acquires Stake in Renewable Energy Firm

Bharti Airtel Limited announced that its subsidiary, Nxtra Data Limited, has acquired a 35% stake in AMPIN Energy C&I Sixteen Private Limited. This acquisition is aimed at meeting regulatory requirements for captive power consumption and securing cost-effective renewable energy, which could enhance Airtel’s operational efficiency and sustainability efforts.

Bharti Airtel Penalized for Subscriber Verification Violations

Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT) regarding a penalty of Rs.1,01,000 for alleged violations of subscriber verification norms. The notice follows a Customer Application Form Audit conducted by DoT for August 2025, which identified non-compliance with licensing terms. Bharti Airtel has decided not to contest the penalty and will pay the imposed fine. This action highlights the importance of adhering to regulatory requirements and may impact the company’s operational compliance strategies.

Bharti Airtel Announces Leadership Change with Director’s Resignation

Bharti Airtel Limited has announced the resignation of Mr. Shivan Bhargava, who served as the Director of Customer Experience. His departure marks a change in the company’s senior management, effective from October 22, 2025. The company acknowledged his contributions during his tenure, indicating a transition phase in its leadership structure. This change could potentially impact the company’s operations and customer experience strategies as they adjust to new leadership.

Bharti Airtel Faces Penalty Over Subscriber Verification Norms

Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT) imposing a penalty of Rs.1,12,000 for alleged violations of subscriber verification norms. The notice follows a Customer Application Form Audit conducted by DoT for the first quarter of 2025-26, which found discrepancies in compliance with licensing terms. Bharti Airtel disagrees with the notice and plans to take appropriate actions to contest the penalty. The financial impact on the company is limited to the penalty amount, and the company is actively seeking rectification or reversal of the notice.

Bharti Airtel Ensures Compliance with SEBI Regulations

Bharti Airtel Limited has submitted a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, confirming the dematerialization of securities for the period from July 1, 2025, to September 30, 2025. This action, undertaken by KFin Technologies Limited, ensures compliance with regulatory requirements and maintains the integrity of the company’s securities management, reflecting its commitment to transparency and adherence to financial regulations.