BHARTIARTL.NS — Bharti Airtel Limited

Generated 2026-06-10 22:23
USAIND

Quarterly Verdict

🟢 90/100

Worth buying

Quality grade B; 4 improving / 1 weakening metrics this quarter.

➕ Pricing power (gross margin): Gross margin 68% — wide margins, likely pricing power
➕ Free cash flow yield: FCF yield 5.6% — strong
➕ Leverage (net debt / EBITDA): Net debt / EBITDA 1.3x — low leverage
➕ Non-cyclical (beta): Beta 0.02 — low volatility vs market
➖ Buyback efficiency (net share-count Δ): Shares outstanding +1.9% YoY — dilution — share count rising
➕ Revenue +2.6% vs last quarter
➕ Net income +10.5% vs last quarter
➖ Free cash flow -16.3% vs last quarter
➕ Cash +157.8% vs last quarter
➕ Debt -3.9% vs last quarter

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Valuation

Analyst consensus
UndervaluedFairOvervalued
Target ₹2,286.75 · Price ₹1,775.20 · +22% margin of safety · 32 analysts · range ₹1,800.00–₹2,750.00

Outside circle of competence — analyst targets only. Not financial advice.

Key Trends (6-yr)

GAAP EPS
Sales
Shares Outstanding

Quality Scorecard

B75/100
✅ Pricing power (gross margin) 68% Gross margin 68% — wide margins, likely pricing power
✅ Free cash flow yield 5.6% FCF yield 5.6% — strong
✅ Leverage (net debt / EBITDA) 1.3x Net debt / EBITDA 1.3x — low leverage
✅ Non-cyclical (beta) 0.02 Beta 0.02 — low volatility vs market
⚪ Recurring revenue — no recurring-revenue tag (add to watchlist.json / company_meta.json)
🟡 Returns capital to shareholders yes dividend ~89.0%; shares +1.9%/yr
❌ Buyback efficiency (net share-count Δ) +1.9%/yr Shares outstanding +1.9% YoY — dilution — share count rising

Compounder checklist (proxy metrics from yfinance). 6 of 7 criteria scored. Not financial advice.

Company Overview

Basic Information

Company Name: Bharti Airtel Limited
Symbol: BHARTIARTL.NS
Exchange: NSI
Sector: Communication Services
Industry: Telecom Services

Company Details

Country: India
City: New Delhi
Employees: 28,730
Market Cap: ₹10.81T
Website: https://www.airtel.in

Business Description

Bharti Airtel Limited operates as a telecommunications company in India and internationally. It operates through the Mobile Services India, Mobile Services Africa, Mobile Services South Asia, Airtel Business, Passive Tower Infrastructure Services, Homes Services, Digital TV Services, and Others segments. The company provides voice and data telecom services through wireless technology including 2G/3G/4G/5G services; passive infrastructure service, including the setup, operation, and maintenance of wireless communication towers; home services covering voice and data communications through fixed-line network, wireless network, and broadband technology for homes; and digital TV services comprising digital broadcasting services under the DTH platform and IPTV services. It also engages in the airtel business that includes network integration, managed services, CPaaS, PaaS, cloud, cybersecurity, IoT, and data center services, as well as enterprise mobility applications. In addition, the company offers post-paid, prepaid, roaming, internet, and various value-added services, as well as mobile TV, video calls, live-streaming videos, gaming, video streaming, and other services. 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.

Key Metrics

Price & Valuation

Current Price
₹1.78K
Market Cap
₹10.81T
P/E Ratio
39.95
Forward P/E
21.42
PEG Ratio
N/A
Price to Book
6.96

Profitability

Profit Margin: 12.65%
Operating Margin: 32.23%
Gross Margin: 67.65%
Return on Equity (ROE): 19.36%
Return on Assets (ROA): 7.85%
Revenue Growth: 15.70%

Financial Health

Current Ratio: 0.52
Quick Ratio: 0.30
Debt to Equity: 99.72
Total Debt: ₹1.95T
Total Cash: ₹440.77B
Beta: 0.02

Trading & Analyst Info

52-Week Range

52-Week High: ₹2.17K
52-Week Low: ₹1.74K
50-Day Average: ₹1.84K
200-Day Average: ₹1.96K

Analyst Recommendations

Recommendation: BUY
Target Mean Price: ₹2.29K
Target High: ₹2.75K
Target Low: ₹1.80K

Price History

Financial Statements

Income Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Tax Effect Of Unusual Items₹-8.59B₹1.74B₹-28.45B₹-2.23BN/A
Tax Rate For Calcs₹0.25₹0.02₹0.33₹0.26N/A
Normalized EBITDA₹1.23T₹984.36B₹769.25B₹681.52BN/A
Total Unusual Items₹-34.17B₹72.87B₹-87.53B₹-8.64BN/A
Total Unusual Items Excluding Goodwill₹-34.17B₹72.87B₹-87.53B₹-8.64BN/A
Net Income From Continuing Operation Net Minority Interest₹266.95B₹335.56B₹74.67B₹83.46BN/A
Reconciled Depreciation₹527.11B₹455.70B₹395.38B₹364.32BN/A
Reconciled Cost Of Revenue₹606.64B₹545.05B₹535.52B₹512.73BN/A
EBITDA₹1.19T₹1.06T₹681.73B₹672.88BN/A
EBIT₹667.28B₹601.52B₹286.35B₹308.56BN/A
Net Interest Income₹-215.55B₹-217.54B₹-183.09B₹-165.43BN/A
Interest Expense₹215.55B₹217.54B₹159.56B₹142.96BN/A
Interest IncomeN/A₹5.31B₹6.49B₹3.08B₹2.21B
Normalized Income₹292.54B₹264.43B₹133.75B₹89.87BN/A
Net Income From Continuing And Discontinued Operation₹266.95B₹335.56B₹74.67B₹83.46BN/A

Showing 15 of 54 rows

Balance Sheet (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Treasury Shares Number₹2.92M₹4.34M₹3.12M₹2.92MN/A
Ordinary Shares Number₹6.09B₹6.09B₹6.04B₹5.96BN/A
Share Issued₹6.09B₹6.09B₹6.05B₹5.97BN/A
Net Debt₹1.08T₹1.42T₹1.45T₹1.58TN/A
Total Debt₹1.95T₹2.14T₹2.16T₹2.26TN/A
Tangible Book Value₹-332.15B₹-716.85B₹-667.32B₹-883.56BN/A
Invested Capital₹2.71T₹2.62T₹2.34T₹2.43TN/A
Working Capital₹-842.90B₹-1.13T₹-803.92B₹-644.62BN/A
Net Tangible Assets₹-332.15B₹-716.85B₹-667.32B₹-883.56BN/A
Capital Lease Obligations₹737.40B₹653.30B₹636.76B₹604.75BN/A
Common Stock Equity₹1.49T₹1.14T₹820.19B₹775.63BN/A
Total Capitalization₹2.49T₹2.19T₹2.13T₹2.29TN/A
Total Equity Gross Minority Interest₹1.96T₹1.53T₹1.06T₹1.06TN/A
Minority Interest₹469.07B₹397.96B₹235.45B₹288.81BN/A
Stockholders Equity₹1.49T₹1.14T₹820.19B₹775.63BN/A

Showing 15 of 88 rows

Cash Flow Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹758.29B₹376.42B₹388.47B₹387.86BN/A
Repurchase Of Capital Stock₹-1.45B₹-3.66B₹-1.37B₹-499.00MN/A
Repayment Of DebtN/A₹-178.59B₹-100.80B₹-178.23B₹-337.21B
Issuance Of DebtN/A₹272.52B₹82.64B₹136.08B₹254.78B
Issuance Of Capital Stock₹156.95B₹0.00₹6.00M₹52.24BN/A
Capital Expenditure₹-464.01B₹-606.90B₹-400.51B₹-265.38BN/A
End Cash Position₹243.85B₹106.53B₹90.52B₹90.21BN/A
Beginning Cash Position₹106.53B₹90.52B₹90.21B₹73.99BN/A
Effect Of Exchange Rate Changes₹23.29B₹718.00M₹-8.85B₹-1.52BN/A
Changes In Cash₹114.03B₹15.29B₹9.16B₹17.75BN/A
Financing Cash Flow₹-522.93B₹-365.33B₹-277.79B₹-244.69BN/A
Net Other Financing Charges₹-24.35B₹-139.24B₹2.40B₹-4.54BN/A
Interest Paid Cff₹-148.88B₹-175.48B₹-140.26B₹-66.89BN/A
Cash Dividends Paid₹-113.28B₹-69.35B₹-41.84B₹-35.90BN/A
Common Stock Dividend PaidN/AN/A₹-41.84B₹-35.90B₹-14.44B

Showing 15 of 60 rows

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