Bharti Airtel
Bharti Airtel Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Bharti Airtel Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Bharti Airtel Ltd trades at a P/E of 41.21× and P/B of 7.16×, against the Communication Services sector median P/E of 18.80×.
Valuation
Profitability
Growth
Financial Health
Bharti Airtel Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Bharti Airtel Ltd, switchable between annual and quarterly views, consolidated or standalone.
Bharti Airtel Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹11,31,728.78 Cr and reported EPS of ₹44.29.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 80,780 | 87,539 | 1,00,616 | 1,16,547 | 1,39,145 | 1,49,982 | 1,72,985 | 2,10,973 |
| Other Income | 291 | 325 | 643 | 534 | 937 | 1,435 | 1,574 | 2,817 |
| Total Income | 81,071 | 87,864 | 1,01,259 | 1,17,081 | 1,40,081 | 1,51,418 | 1,74,559 | 2,13,790 |
| Gross Profit | 80,780 | 87,539 | 1,00,616 | 1,16,547 | 1,39,145 | 1,49,982 | 1,72,985 | 2,10,973 |
| +Operating Expenses | 54,961 | 51,057 | 55,244 | 59,013 | 67,871 | 71,691 | 79,826 | 91,298 |
| EBITDA | 25,819 | 36,482 | 45,372 | 57,534 | 71,274 | 78,292 | 93,159 | 1,19,675 |
| +Non-Operating Expenses | 34,055 | -163 | 28,581 | 51,406 | 55,062 | 54,613 | 74,611 | 70,849 |
| Profit Before Tax (PBT) | -2,087 | -43,499 | -14,395 | 10,060 | 15,809 | 9,970 | 34,696 | 44,808 |
| +Tax Expense | -3,419 | -12,182 | 8,933 | 4,178 | 4,273 | 4,121 | 917 | 11,350 |
| Profit After Tax (PAT) | 1,688 | -30,664 | -12,364 | 8,305 | 12,287 | 8,558 | 37,481 | 33,823 |
| Earnings Per Share (EPS) | 0.74 | -55.06 | -25.63 | 7.23 | 13.99 | 12.35 | 55.06 | 43.80 |
| Diluted Shares Outstanding (Nos.) | 550 | 585 | 588 | 588 | 597 | 605 | 609 | 609 |
| +Additional Disclosures | 86,424 | 92,952 | 1,11,774 | 1,15,449 | 1,26,144 | 1,27,679 | 1,57,348 | 1,78,631 |
| Sales Growth % | — | 8.37 | 14.94 | 15.83 | 19.39 | 7.79 | 15.34 | 21.96 |
| YoY Sales Growth % | — | 8.37 | 14.94 | 15.83 | 19.39 | 7.79 | 15.34 | 21.96 |
| Employee Cost % | 5 | 4 | 4 | 4 | 3 | 4 | 4 | 4 |
| Other Cost % | 63 | 54 | 51 | 47 | 45 | 44 | 42 | 40 |
| OPM % | 32 | 42 | 45 | 49 | 51 | 52 | 54 | 57 |
| Tax % | 164 | 28 | -62 | 42 | 27 | 41 | 3 | 25 |
| Profit Growth % | — | -1,917.14 | 59.68 | 167.17 | 47.95 | -30.35 | 337.97 | -9.76 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 4,471 | 8,793 | 15,967 | 24,443 | 34,842 | 38,754 | 47,589 | 66,964 |
Bharti Airtel segment analysis: revenue and profit mix.
Disclosed business segments at Bharti Airtel with their share of revenue and profit, switchable between consolidated and standalone reporting.
Bharti Airtel discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Bharti Airtel Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Bharti Airtel Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Bharti Airtel Ltd's investment case rests on 10 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
Robust Return on Equity (ROE) of 23.2% indicates efficient capital utilization.
Impressive quarterly sales growth of 28.4% and profit growth of 62.8%.
Promoter holding remains strong at 50.3%, signaling management's long-term confidence.
Foreign Institutional Investors (FIIs) increased holdings from 24.27% to 27.42%.
Stock shows positive momentum with 3.97% 5-day and 14.41% 52-week returns.
What can break it.
Substantial debt of 213,642 and high 1.88 debt-to-equity ratio.
Current Price-to-Earnings (PE) ratio of 42.70 appears elevated, suggesting overvaluation.
Promoter shareholding declined from 55.93% to 50.27% over recent years.
Intense telecom competition, including aggressive pricing, pressures market share.
Adverse regulatory changes (spectrum, taxation) pose significant operational cost risks.
What would change my mind.
Trim if P/E re-rates above 54 (~2.9× the sector multiple of 18.8). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 100.22. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 14%. The operating engine is no longer compounding capital efficiently.
Bharti Airtel Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Bharti Airtel Ltd is highlighted for quick read-across.
Quick Compare
Bharti Airtel Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Bharti Airtel Ltd — derived from the live tape, not yesterday's close.
Bharti Airtel Ltd last traded at ₹1,853 with an intraday range of ₹1,837.2–₹1,859.2 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1853.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1906.40 | +53.40 | +2.88% |
| R3 | 1884.40 | +31.40 | +1.69% |
| R2 | 1871.80 | +18.80 | +1.01% |
| R1 | 1862.40 | +9.40 | +0.51% |
| PIVOT | 1849.80 | -3.20 | -0.17% |
| CURRENT | 1853.00 | — | — |
| S1 | 1796.40 | -56.60 | -3.05% |
| S2 | 1818.40 | -34.60 | -1.87% |
| S3 | 1827.80 | -25.20 | -1.36% |
| S4 | 1840.40 | -12.60 | -0.68% |
BHARTIARTL is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 1840.2 ~ 1854.7
Trading Inside opening range
Bharti Airtel Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Bharti Airtel Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Bharti Airtel Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Bharti Airtel Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Bharti Airtel Ltd stood at 59.4% of traded volume, against a 20-day average of 60.9%.
Bharti Airtel announcements: results, concalls, ratings, M&A.
Filings Bharti Airtel sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Bharti Airtel files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 281 documents below.
Press Release
Bharti Airtel Limited has informed the Exchange regarding a press release dated Jun 10, 2026, titled "Airtel brings faster speeds and wider 5G…
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Bharti Airtel Limited has informed the Exchange about update on Material litigation.
Action(s) taken or orders passed
Bharti Airtel Limited has informed the Exchange about Action(s) taken or orders passed
General Updates
Bharti Airtel Limited has informed the Exchange about newspaper advertisements w.r.t. Notice of Extraordinary General Meeting of the Company
General Updates
Bharti Airtel Limited has informed the Exchange about publication of newspaper advertisements w.r.t Extraordinary General Meeting of the Company…
Investor decks & rating reports.
Bharti Airtel dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Bharti Airtel has declared, sequenced by announce and record date.
Bharti Airtel corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Bharti Airtel Ltd: business, sector, key facts.
What Bharti Airtel Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Bharti Airtel Ltd operates in the Communication Services, listed as NSE: BHARTIARTL, BSE: 532454.
Bharti Airtel Limited is a major telecommunications company with a significant global presence, primarily operating in India and Africa. Its business model encompasses a wide range of services delivered through various segments, catering to both individual consumers and businesses.
A core component of Bharti Airtel's operations is its mobile services, offered across multiple regions including India, Africa, and South Asia. These services utilize a range of wireless technologies, from 2G to the latest 5G networks, providing voice and data communication options to a vast customer base. The company offers diverse mobile plans, including prepaid and postpaid options, along with various value-added services such as roaming, internet access, and entertainment features like mobile TV, video streaming, and gaming.
Beyond mobile, Bharti Airtel also provides comprehensive business solutions under its Airtel Business segment. This involves acting as a single point of contact for businesses’ telecommunication needs, offering integrated data and voice services, network integration expertise, and managed services. This segment caters to the increasingly complex communication requirements of corporations and organizations.
Further diversifying its portfolio, Bharti Airtel engages in the development and operation of tower infrastructure. This involves setting up, maintaining, and operating the wireless communication towers that form the backbone of its mobile network and potentially those of other operators. The company also offers home services, encompassing fixed-line network and broadband technology, providing alternative connectivity options to customers.
Finally, Bharti Airtel operates in the digital television and entertainment space, offering Direct-to-Home (DTH) services through a digital broadcasting platform. The company’s diverse range of offerings signifies its commitment to providing a comprehensive suite of communication and entertainment solutions across various platforms and technologies.
Questions investors ask about Bharti Airtel Ltd (BHARTIARTL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Bharti Airtel Ltd (BHARTIARTL)?
The current share price of Bharti Airtel Ltd (BHARTIARTL) is ₹1,853. Today, the stock has gained by ₹11.80 (0.64%), trading in a range of ₹1,837.2 to ₹1,859.2. The stock opened at ₹1,840.2 with a trading volume of 59,57,732 shares.
02Is Bharti Airtel Ltd stock a good investment for long-term?
Bharti Airtel Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹11,31,728.78 crores, P/E ratio of 41.21, ROE of 19.36%, and ROCE of 13.50%. The dividend yield stands at 0.88%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Bharti Airtel Ltd stock?
The 52-week high price of Bharti Airtel Ltd (BHARTIARTL) is ₹2,174.5, while the 52-week low is ₹1,740.5. Currently trading at ₹1,853, the stock is 25.9% away from its 52-week low and 14.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Bharti Airtel Ltd stock at the current price?
Whether to buy Bharti Airtel Ltd stock at ₹1,853 depends on multiple factors. The stock is currently trading with a P/E ratio of 41.21 and P/B ratio of 7.16. Today's performance shows a gain of 0.64%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Bharti Airtel Ltd and when is the next dividend?
Bharti Airtel Ltd offers a dividend yield of 0.88%, which means for every ₹100 invested at the current price of ₹1,853, you can expect to receive approximately ₹0.88 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Bharti Airtel Ltd?
Bharti Airtel Ltd's key financial metrics include: P/E Ratio: 41.21, P/B Ratio: 7.16, ROE: 19.36%, ROCE: 13.50%, Dividend Yield: 0.88%, EPS: ₹44.29, Book Value: ₹254.97, and Debt-to-Equity: 99.72. The company's market cap stands at ₹11,31,728.78 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Bharti Airtel Ltd stock performing today in the market?
Bharti Airtel Ltd stock opened at ₹1,840.2 and is currently trading at ₹1,853, showing a gain of ₹11.80 (0.64%). The intraday high is ₹1,859.2 and low is ₹1,837.2. The trading volume stands at 59,57,732 shares, indicating strong market participation today.
08What is the P/E ratio of Bharti Airtel Ltd and what does it indicate?
Bharti Airtel Ltd has a Price-to-Earnings (P/E) ratio of 41.21, which means investors are willing to pay ₹41.21 for every ₹1 of earnings. With an EPS of ₹44.29, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Bharti Airtel Ltd (BHARTIARTL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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