Telecom - Services
Valuation | |
|---|---|
| Market Cap | 11.98 LCr |
| Price/Earnings (Trailing) | 29.57 |
| Price/Sales (Trailing) | 6.09 |
| EV/EBITDA | 11.23 |
| Price/Free Cashflow | 19.84 |
| MarketCap/EBT | 25.26 |
| Enterprise Value | 13.31 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -1% |
| Price Change 1M | -6.7% |
| Price Change 6M | 1.8% |
| Price Change 1Y | 20.8% |
| 3Y Cumulative Return | 35.3% |
| 5Y Cumulative Return | 26.9% |
| 7Y Cumulative Return | 32.4% |
| 10Y Cumulative Return | 21.6% |
| Revenue (TTM) |
| 1.97 LCr |
| Rev. Growth (Yr) | 26.7% |
| Earnings (TTM) | 44.68 kCr |
| Earnings Growth (Yr) | 108.3% |
Profitability | |
|---|---|
| Operating Margin | 20% |
| EBT Margin | 24% |
| Return on Equity | 27.87% |
| Return on Assets | 8.53% |
| Free Cashflow Yield | 5.04% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -60.27 kCr |
| Cash Flow from Operations (TTM) | 98.33 kCr |
| Cash Flow from Financing (TTM) | -36.53 kCr |
| Cash & Equivalents | 6.3 kCr |
| Free Cash Flow (TTM) | 60.42 kCr |
| Free Cash Flow/Share (TTM) | 99.15 |
Balance Sheet | |
|---|---|
| Total Assets | 5.24 LCr |
| Total Liabilities | 3.64 LCr |
| Shareholder Equity | 1.6 LCr |
| Current Assets | 73.92 kCr |
| Current Liabilities | 1.79 LCr |
| Net PPE | 2.11 LCr |
| Inventory | 429.6 Cr |
| Goodwill | 53.9 kCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.27 |
| Debt/Equity | 0.87 |
| Interest Coverage | 1.21 |
| Interest/Cashflow Ops | 5.46 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 16 |
| Dividend Yield | 0.81% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 2.3% |
Growth: Good revenue growth. With 52.2% growth over past three years, the company is going strong.
Profitability: Very strong Profitability. One year profit margin are 23%.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 35.3% return compared to 12.8% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Insider Trading: Significant insider selling noticed recently.
Technicals: SharesGuru indicator is Bearish.
Smart Money: Smart money is losing interest in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -6.7% in last 30 days.
Growth: Good revenue growth. With 52.2% growth over past three years, the company is going strong.
Profitability: Very strong Profitability. One year profit margin are 23%.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 35.3% return compared to 12.8% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Insider Trading: Significant insider selling noticed recently.
Technicals: SharesGuru indicator is Bearish.
Smart Money: Smart money is losing interest in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -6.7% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.81% |
| Dividend/Share (TTM) | 16 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 66.47 |
Financial Health | |
|---|---|
| Current Ratio | 0.41 |
| Debt/Equity | 0.87 |
Technical Indicators | |
|---|---|
| RSI (14d) | 26.94 |
| RSI (5d) | 19.82 |
| RSI (21d) | 18.21 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Buy |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated Feb 2, 2026
Bharti Airtel's shares fell by 1.70% to Rs 1,939.80, despite strong financial metrics.
The stock saw a further decline of 0.76% to Rs 1,969.60 during a high-volume trading session.
Investor sentiment remains bearish on Bharti Airtel, affecting its stock performance despite positive earnings.
Summary of Bharti Airtel's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the earnings call held on November 4, 2025, Bharti Airtel's management provided an optimistic outlook for the company's future. They reported consolidated revenues of approximately Rs.52,000 Crores for Q2, with an annualized run rate of over Rs.200,000 Crores. India revenues (excluding Indus) totaled Rs.34,900 Crores, resulting in an EBITDAaL margin of 51.5%. The strong operating free cash flow stood at about Rs.10,750 Crores, with capital expenditure (capex) for the quarter amounting to Rs.7,200 Crores. The net debt to EBITDAaL ratio is now 1.32, highlighting a disciplined capital structure.
Management emphasized the importance of premiumization within the portfolio, with the mobile segment achieving industry-leading revenue growth. They reported adding 1.4 million revenue-earning customers, with a significant 5G user base of 167 million and an increasing number of postpaid customers. ARPU reached Rs.256, driven by enhancements in international roaming and customer upgrades.
On the ESG front, over 35,000 sites have been solarized, and operational excellence initiatives are underway. The company plans to accelerate its fiber deployment, aiming to pass 2.5 million homes per quarter, and expand its fixed wireless access (FWA) services. Management conveyed confidence in grossing substantial growth prospects in broadband, with expectations for the industry to reach around 100 million connected homes over the medium term.
Key forward-looking points include:
Understand Bharti Airtel ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Bharti Telecom Limited | 40.47% |
| PASTEL LIMITED | 7.49% |
| LICI MARKET PLUS 1 BALANCED FUND | 3.81% |
| SBI NIFTY 50 EQUAL WEIGHT INDEX FUND | 2.5% |
| NPS TRUST- A/C ICICI PRUDENTIAL PENSION FUND SCHEM | 1.58% |
| ICICI PRUDENTIAL INDIA OPPORTUNITIES FUND | 1.56% |
| GOVERNMENT OF SINGAPORE |
Detailed comparison of Bharti Airtel against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| RELIANCE | Reliance Industries | 18.78 LCr | 10.71 LCr | -12.90% | +9.70% | 22.56 | 1.75 | - | - |
| IDEA | VODAFONE IDEA | 1.17 LCr | 45.21 kCr |
Comprehensive comparison against sector averages
BHARTIARTL metrics compared to Telecom
| Category | BHARTIARTL | Telecom |
|---|---|---|
| PE | 29.62 | 84.33 |
| PS | 6.10 | 4.83 |
| Growth | 25.5 % | 12.9 % |
Bharti Airtel is a leading telecommunications company that provides a range of cellular and fixed-line services. The company, with the stock ticker BHARTIARTL, has a considerable market capitalization of Rs. 1,109,133.7 Crores.
Operating both in India and internationally, Bharti Airtel's various segments include:
The company offers extensive voice and data telecom services through advanced wireless technology, including 2G, 3G, 4G, and 5G networks. As a single point of contact for telecommunications, it provides network integration, managed services, and the infrastructure necessary for wireless communication.
Additionally, Bharti Airtel supports the maintenance and operation of wireless communication towers and offers fixed-line and broadband services for homes. The company's DTH platform enables digital broadcasting, while its diverse service portfolio includes:
Originally incorporated as Bharti Tele-Ventures Limited in 1995, the company changed its name to Bharti Airtel Limited in April 2006 and is headquartered in New Delhi, India.
Financially, Bharti Airtel boasts a trailing 12-month revenue of Rs. 164,112.9 Crores and has been profitable, reporting a profit of Rs. 27,073.7 Crores over the last four quarters. The company has achieved significant revenue growth of 47.3% in the past three years and distributes dividends to investors with a yield of 0.73%, returning Rs. 12 per share in the last year. However, it has diluted the holdings of its investors by 3.5% during this period.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
BHARTIARTL vs Telecom (2021 - 2026)
Bharti Airtel reported impressive revenue growth for the quarter ending September 2025, reaching Rs 52,145.40 Crore.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question 1: Can you advise on the scale of investments that Airtel will make in the partnership with Google over the next five years? Is your role limited to building cable landing stations and providing intra-intercity fiber, or does it also include the build-out of the data center?
Answer: We are investing about Rs. 1500 Crores annually in Nxtra and see great potential in expanding our data center capabilities. We will be building data centers in Vishakhapatnam for Google, providing terrestrial networks, and cable landing stations. This is a comprehensive deal. We are committed to increasing our market share in the data center space, currently at 10%-12%, and will allocate necessary capital to enhance our competitiveness.
Question 2: How do you see the applicability of the Supreme Court's AGR judgment for Airtel, and will you be dealing with the government directly?
Answer: We view the Supreme Court's decision positively, allowing for reconciliation on AGR dues. While the ruling specifically involves Vodafone Idea, we are encouraged to approach the government to advocate for our case regarding calculation errors we've contested. Our focus now is to take this step with the government and see how we can progress from there.
Question 3: With regard to the home broadband growth and increased capex, are you facing any capacity issues in FWA? How will you achieve your share of the projected 100 million broadband homes?
Answer: We're witnessing strong traction in home broadband without any current capacity issues in FWA. Our customer base there has exceeded 2.3 million. Our aggressive home pass rollout targets 2.5 million homes per quarter, and we anticipate further growth supported by deploying both fiber and FWA, positioning us well to capture significant market share in the coming years.
Question 4: What is your perspective on future ARPU growth? Is the expectation of ARPU moving closer to Rs. 300 based on potential tariff hikes or premiumization?
Answer: India remains one of the lowest markets globally in ARPU and gigabyte pricing; hence, I believe there's considerable scope for further tariff adjustments. Ultimately, a more tiered pricing structure would allow us to capture trends in consumer affluence, which is necessary for higher ARPU realizations. There is a likely avenue for growth in ARPU, influenced by premiumization in our offerings.
Question 5: Can you elaborate on your plans to enhance cross-selling opportunities within your existing 365 million wireless customer base?
Answer: We have identified about 90-100 million credit-approved customers among our wireless base for potential cross-selling into postpaid and broadband services. Our strategy involves leveraging a converged data engine for personalized offers and initiatives to improve customer touchpoints across various channels, thus enhancing our customer experience and increasing service adoption across the portfolio.
| 1.22% |
| GOOGLE INTERNATIONAL LLC | 1.17% |
| INDIAN CONTINENT INVESTMENT LIMITED | 0.92% |
| Viridian Limited | 0% |
| BHARTI ENTERPRISES (HOLDING) PRIVATE LIMITED | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| -8.30% |
| +19.30% |
| -4.09 |
| 2.59 |
| - |
| - |
| INDUSTOWER | INDUS TOWERS | 1.14 LCr | 31.86 kCr | -2.30% | +24.40% | 12.17 | 3.58 | - | - |
| TATACOMM | Tata Communications | 44.75 kCr | 24.57 kCr | -12.30% | -3.80% | 25.16 | 1.82 | - | - |
| TTML | Tata Teleservices (Maharashtra) | 8.59 kCr | 1.18 kCr | -11.70% | -38.80% | -7.79 | 7.28 | - | - |
| MTNL | Mahanagar Telephone Nigam | 1.96 kCr | 1.1 kCr | -15.30% | -32.60% | -0.55 | 1.79 | - | - |
| 5,677 |
| 4,379 |
| Exceptional items before tax | - | 0 | 0 | -140.1 | 7,546 | -853.7 | 735 |
| Total profit before tax | 17.5% | 12,241 | 10,422 | 9,526 | 15,232 | 4,824 | 5,114 |
| Current tax | -0.8% | 1,851 | 1,866 | 1,341 | 1,134 | 849 | 788 |
| Deferred tax | 49.6% | 1,820 | 1,217 | -4,233 | -376.3 | 895 | 520 |
| Total tax | 19.1% | 3,672 | 3,083 | -2,891.9 | 757 | 1,744 | 1,308 |
| Total profit (loss) for period | 16.6% | 8,651 | 7,422 | 12,476 | 16,135 | 4,153 | 4,718 |
| Other comp. income net of taxes | 407.1% | 2,014 | 398 | 942 | 1,735 | -95.4 | -12.4 |
| Total Comprehensive Income | 36.4% | 10,664 | 7,820 | 13,418 | 17,870 | 4,058 | 4,705 |
| Earnings Per Share, Basic | 15.1% | 11.66 | 10.26 | 19.02 | 25.535 | 6.21 | 7.21 |
| Earnings Per Share, Diluted | 15.1% | 11.24 | 9.9 | 18.38 | 24.653 | 6 | 6.98 |
| Debt equity ratio | 0% | 082 | 08 | 091 | 089 | 0.01 | 0.0121 |
| Debt service coverage ratio | 1.8% | 0.0352 | 0.0175 | 0.0215 | 0.0304 | 0.03 | 0.0147 |
| Interest service coverage ratio | 0.4% | 0.0669 | 0.0635 | 0.0628 | 0.0554 | 0.05 | 0.0474 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Employee Expense | 10% | 2,394 | 2,176 | 1,966 | 1,594 | 1,664 | 1,520 |
| Employee Expense | - | - | - | - | - | - | - |
| Finance costs | 5.8% | 15,240 | 14,405 | 14,532 | 14,146 | 11,817 | 9,534 |
| Finance costs | - | - | - | - | - | - | - |
| Depreciation and Amortization | 11.7% | 32,511 | 29,108 | 26,355 | 24,592 | 21,998 | 20,392 |
| Depreciation and Amortization | - | - | - | - | - | - | - |
| Other expenses | 10.5% | 45,791 | 41,428 | 38,955 | 33,957 | 34,677 | 32,663 |
| Other expenses | - | - | - | - | - | - | - |
| Total Expenses | 10.1% | 95,936 | 87,118 | 81,808 | 74,289 | 70,156 | 64,109 |
| Total Expenses | - | - | - | - | - | - | - |
| Profit Before exceptional items and Tax | 71.3% | 14,373 | 8,392 | 5,546 | -2,224.6 | -3,442.2 | -9,479.1 |
| Profit Before exceptional items and Tax | - | - | - | - | - | - | - |
| Exceptional items before tax | 373.3% | 3,492 | -1,276.3 | -4,276.4 | -2,009.6 | -15,023 | -41,541.8 |
| Exceptional items before tax | - | - | - | - | - | - | - |
| Total profit before tax | 151.1% | 17,864 | 7,116 | 1,269 | -4,234.2 | -18,465.2 | -51,020.9 |
| Total profit before tax | - | - | - | - | - | - | - |
| Current tax | -100.2% | 0 | 474 | -17.8 | 0 | -131.2 | 0 |
| Current tax | - | - | - | - | - | - | - |
| Deferred tax | -441.1% | -5,637.4 | 1,654 | 1,377 | -609.2 | 6,864 | -14,932.7 |
| Deferred tax | - | - | - | - | - | - | - |
| Total tax | -365.1% | -5,637.4 | 2,128 | 1,359 | -609.2 | 6,732 | -14,932.7 |
| Total tax | - | - | - | - | - | - | - |
| Total profit (loss) for period | 371.2% | 23,502 | 4,988 | -89.6 | -3,625 | -25,197.6 | -36,088.2 |
| Total profit (loss) for period | - | - | - | - | - | - | - |
| Other comp. income net of taxes | 1015.4% | 120 | -12 | -9.2 | -2.5 | 0.2 | -7 |
| Other comp. income net of taxes | - | - | - | - | - | - | - |
| Total Comprehensive Income | 374.8% | 23,622 | 4,976 | -98.8 | -3,627.5 | -25,197.4 | -36,095.2 |
| Total Comprehensive Income | - | - | - | - | - | - | - |
| Earnings Per Share, Basic | 411.5% | 40.6 | 8.742 | -0.16 | -6.53 | -46.18 | -71.08 |
| Earnings Per Share, Basic | - | - | - | - | - | - | - |
| Earnings Per Share, Diluted | 406.8% | 39.26 | 8.549 | -0.16 | -6.53 | -46.18 | -71.08 |
| Earnings Per Share, Diluted | - | - | - | - | - | - | - |
| Debt equity ratio | -0.5% | 079 | 0.0124 | 0.0176 | 0.0131 | 078 | 078 |
| Debt service coverage ratio | 0.7% | 0.0325 | 0.0254 | 0.0294 | 091 | 0.0114 | 0.0105 |
| Interest service coverage ratio | 0.8% | 0.052 | 0.0442 | 0.0434 | 0.0326 | 0.026 | 0.0239 |
| 1.1% |
| 5,150 |
| 5,095 |
| 4,390 |
| 4,323 |
| 9,371 |
| 6,960 |
| Goodwill | 0% | 108 | 108 | 108 | 108 | 108 | 108 |
| Non-current investments | 76.1% | 922 | 524 | 318 | 73 | 70 | 56 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 18.7% | 2,780 | 2,343 | 2,139 | 1,911 | 1,880 | 1,787 |
| Total non-current assets | -1.4% | 350,787 | 355,736 | 320,940 | 313,779 | 298,300 | 295,000 |
| Total assets | 0.6% | 394,709 | 392,479 | 355,726 | 351,813 | 336,544 | 335,577 |
| Borrowings, non-current | 0.9% | 91,096 | 90,280 | 102,293 | 119,500 | 129,984 | 136,230 |
| Total non-current financial liabilities | -1.1% | 133,455 | 134,961 | 144,609 | 160,660 | 170,438 | 176,554 |
| Provisions, non-current | -0.7% | 268 | 270 | 294 | 285 | 277 | 253 |
| Total non-current liabilities | -1.1% | 135,412 | 136,932 | 146,563 | 162,661 | 172,204 | 178,339 |
| Borrowings, current | -2.7% | 20,011 | 20,560 | 19,092 | 6,483 | 1,596 | 4,411 |
| Total current financial liabilities | 5.3% | 77,599 | 73,691 | 69,814 | 54,609 | 50,961 | 48,840 |
| Provisions, current | 4.1% | 31,310 | 30,070 | 24,281 | 23,304 | 22,451 | 21,292 |
| Current tax liabilities | 4.2% | 494 | 474 | 476 | 1,246 | 1,447 | 1.8 |
| Total current liabilities | 3.9% | 119,932 | 115,416 | 105,679 | 88,291 | 83,360 | 78,245 |
| Total liabilities | 1.2% | 255,344 | 252,348 | 252,242 | 250,951 | 255,564 | 256,584 |
| Equity share capital | 0% | 2,900 | 2,900 | 2,896 | 2,877 | 2,858 | 2,837 |
| Total equity | -0.5% | 139,364 | 140,131 | 103,484 | 100,862 | 80,980 | 78,993 |
| Total equity and liabilities | 0.6% | 394,709 | 392,479 | 355,726 | 351,813 | 336,544 | 335,577 |
| -57.8% |
| -533.7 |
| -337.8 |
| 189 |
| -322.5 |
| - |
| - |
| Net Cashflows From Operating Activities | 17.2% | 62,336 | 53,209 | 43,583 | 36,925 | - | - |
| Cashflows used in obtaining control of subsidiaries | -83.2% | 2,430 | 14,458 | 0 | 0 | - | - |
| Proceeds from sales of PPE | 228.2% | 362 | 111 | 83 | 89 | - | - |
| Purchase of property, plant and equipment | -8% | 24,137 | 26,235 | 16,174 | 14,735 | - | - |
| Proceeds from sales of intangible assets | - | 360 | 0 | 0 | 1,005 | - | - |
| Purchase of intangible assets | 68.2% | 20,801 | 12,369 | 8,595 | 18,122 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | 159.3% | 5,215 | 2,012 | 1,567 | 8,755 | - | - |
| Dividends received | 172.5% | 140 | 52 | 1,518 | 853 | - | - |
| Interest received | -59.4% | 311 | 764 | 118 | 136 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 0 | 66 | - | - |
| Net Cashflows From Investing Activities | -18.9% | -41,452.9 | -34,876.8 | -30,006.3 | -32,254.1 | - | - |
| Proceeds from issuing shares | - | 0 | 0 | 5,224 | 5,223 | - | - |
| Proceeds from exercise of stock options | 0% | 0.6 | 0.6 | 0.3 | 0.7 | - | - |
| Proceeds from borrowings | 95.2% | 3,444 | 1,765 | 5,738 | 6,291 | - | - |
| Repayments of borrowings | -31% | 2,783 | 4,030 | 13,762 | 661 | - | - |
| Payments of lease liabilities | 14.6% | 5,344 | 4,662 | 4,450 | 5,264 | - | - |
| Dividends paid | 103.6% | 4,632 | 2,276 | 1,763 | 0 | - | - |
| Interest paid | 14.6% | 11,440 | 9,981 | 3,488 | 10,952 | - | - |
| Net Cashflows from Financing Activities | -8.2% | -20,755 | -19,183.7 | -12,500.4 | -5,362.8 | - | - |
| Net change in cash and cash eq. | 114.9% | 128 | -851.7 | 1,076 | -691.6 | - | - |
General • 23 Jan 2026 Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure REquirements) Regulations, 2015 |
Analysis of Bharti Airtel's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Mobile Services India | 47.8% | 28.7 kCr |
| Mobile Services Africa | 25.0% | 15 kCr |
| Passive Infrastructure Services | 13.6% | 8.2 kCr |
| Airtel Business | 8.9% | 5.4 kCr |
| Homes Services | 3.3% | 2 kCr |
| Digital TV Services | 1.3% | 755.2 Cr |
| Total | 60 kCr |