BHARTIARTLTelecommunication

Bharti Airtel Limited

Telecom - Cellular & Fixed line services · ISIN INE397D01024 · BSE 532454 · NSE EQ · FV ₹5
Last price
₹1,836
+0.05%today
What this company does

Bharti Airtel Limited operates in Telecom - Cellular & Fixed line services, part of the Telecommunication sector. It booked ₹58,539 cr of revenue in its latest quarter (Q1 FY27) and kept 14.0% of sales as profit.

70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Telecommunication, on all six measures of filed financials. Each measure is ranked against the 9–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns75

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality97

Whether reported profit actually arrives as cash

Growth & consistency85

Whether sales and profit have grown, and how steadily

Valuation44

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Profit up 37% vs last year
Promoters hold 50%
No promoter shares pledged
Strong 22% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BHARTIARTL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,836 +0.05%
latest close · 2026-09-17
1-year return
+212.8%
52-wk low ₹58452-wk high ₹2,031
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio34.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.9%Strong
WeakFairStrong ▸15%
Return on capital20.8%Strong
WeakFairStrong
Net margin14.0%Decent
ThinDecentStrong
EBITDA margin57.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.62Moderate
LowModerateHigh ▸1
Interest cover3.3×Okay
RiskyOkayStrong ▸5×
Current ratio0.52Tight
Tight ◂1HealthyAmple
More figures
Market cap
Book value
EPS
₹13.38
latest quarter
Net debt
₹1.08 L cr
owes more than its cash
Enterprise value
EBITDA
₹1.35 L cr
annualised
EBIT
₹78,484 cr
annualised
Operating margin
33.5%
Return on assets
5.9%
Earnings yield
2.92%
P/S
Sales / share
Tax rate
27.5%
Face value
₹15,86,949
Working capital
₹-84,348 cr
Current assets
₹90,158 cr
Current liabilities
₹1.75 L cr
Delivery %
69.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹58,539 cr
Other Income₹907 cr
Total Income₹59,446 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹2,178 cr
Finance Costs₹5,956 cr
Depreciation & Amortisation₹14,235 cr
Other Expenses₹23,059 cr
Total Expenses₹45,428 cr
Exceptional Items₹-353 cr
Profit before Tax₹13,665 cr
Tax Expense₹3,761 cr
Share of JV / Associates₹108 cr
Net Profit₹10,012 cr
Net margin on total income16.8%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹2,178 cr3.7%
Finance costs₹5,956 cr10.1%
Depreciation & amortisation₹14,235 cr24.0%
Other expenses₹23,059 cr39.0%
Tax expense₹3,761 cr6.4%
Profit for the period₹10,012 cr16.9%
Total income ₹59,446 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue53,982 cr55,383 cr58,539 cr
Total income54,684 cr56,262 cr59,446 cr
Expenses42,242 cr43,141 cr45,428 cr
Profit before tax12,185 cr9,960 cr13,665 cr
Tax3,799 cr797 cr3,761 cr
Net profit (owners' share)6,631 cr7,325 cr8,167 cr
Net margin (owners' share, on revenue)12.3%13.2%14.0%
EPS (₹)11.4412.5313.38
YoY (latest quarter): total income +19.0% · net profit +37.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹5.52 L cr
Shareholder equity
₹1.49 L cr
parent shareholders
Total debt
₹1.22 L cr
Cash
₹13,722 cr
Cash flow · H1 FY26
Operating
₹60,891 cr
Investing
₹-25,583 cr
Financing
₹-33,400 cr
Peer comparison
Telecom - Cellular & Fixed line services · by market value
CompanyPriceMarket capP/E
Vodafone Idea Limited₹14₹1.54 L cr
Bharti Hexacom Limited₹1,481₹74,055 cr38.4
Tata Communications Limited₹1,792₹51,064 cr95.1
Reliance Communications Limited₹1₹19,416 cr
Tata Teleservices (Maharashtra) Limited₹37₹7,163 cr
Mahanagar Telephone Nigam Limited₹24₹1,498 cr
Bharti Airtel Limitedthis company₹1,83634.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.31%
trailing 12 months
Dividend / share (TTM)
₹24
Last dividend
₹24
ex 24 Jul 2026
ActionDetailEx-date
Dividend₹24 / share24 Jul 2026
Dividend₹16 / share18 Jul 2025
Dividend₹8 / share7 Aug 2024
Dividend₹4 / share11 Aug 2023
Dividend₹3 / share1 Aug 2022
Rights issue14:127 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
50.1%
FII / Foreign
26.5%
DII / Domestic
20.8%
Retail / others
2.6%
Promoter stake down 4.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtBHARTI AIRTEL EMPLOYEES WELFARE TRUST · Other1.43 L · ₹24.0 cr13 Dec 24
BoughtBHARTI AIRTEL EMPLOYEES WELFARE TRUST · Other1.89 L · ₹30.2 cr12 Dec 24
BoughtBHARTI AIRTEL EMPLOYEES WELFARE TRUST · Other1.85 L · ₹29.4 cr11 Dec 24
Bulk / block deals
short · NSE7516 Sep 26
short · NSE19331 Aug 26
short · NSE92,15026 Aug 26
Stake changes
BoughtIndian Continent Investment Limited · promoter→ 3.25% · 14.68 cr23 Jun 26
SoldIndian Continent Investment Limited · promoter→ 0.92% · 3.43 cr26 Nov 25
SoldIndian Continent Investment Limited · promoter→ 1.48% · 6.00 cr8 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 1 Feb 2026
See the official result
1
To appoint Mr. Shashwat Sharma as Managing Director & CEO (Airtel India) of the Company
Backed by 99% of shareholders other than promotersneeded 50%
252.37 cr votes for, 1.62 cr against · 1% of mutual funds and other big investors said no
2
To approve remuneration of Mr. Shashwat Sharma as Managing Director & CEO (Airtel India) of the Company
Backed by 99% of shareholders other than promotersneeded 50%
251.46 cr votes for, 2.38 cr against · 1% of mutual funds and other big investors said no
3
To appoint Mr. Gopal Vittal as Executive Vice Chairman of the Company
Backed by 99% of shareholders other than promotersneeded 50%
250.67 cr votes for, 3.65 cr against · 1% of mutual funds and other big investors said no
4
To approve remuneration of Mr. Gopal Vittal as Executive Vice Chairman of the Company
Backed by 99% of shareholders other than promotersneeded 50%
251.51 cr votes for, 2.33 cr against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 50.1% between them · as of 2026-06-30
BHARTI TELECOM LIMITED39.51%
PASTEL LIMITED7.31%
INDIAN CONTINENT INVESTMENT LIMITED3.25%
BHARTI ENTERPRISES (HOLDING) PRIVATE LIMITEDno shares
VIRIDIAN LIMITEDno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹4,730 cr to companies in the promoter group last year — about 2.2% of its ₹2.11 L cr revenue.
BHARTI TELECOM LIMITED
Other payments to them · Description is mentioned along with releavnt line item with foor note
also owns 39.51% of the company
₹3,774 cr
company paid
Pastel Limited
Other payments to them · Description is mentioned along with releavnt line item with foor note
also owns 7.31% of the company
₹745 cr
company paid
Indian Continent Investment Limited
Other payments to them · Description is mentioned along with releavnt line item with foor note
also owns 3.25% of the company
₹211 cr
company paid

The company also transacted with 5 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹15,741 cr raised in Dec 2025 by first and final call on partly paid-up equity shares of the company issued pursuant to the rights issue undertaken by bharti airtel limited in terms of the letter of offer dated september 22, 2021

As of Jun 2026, the company says it has spent 90% of what it set aside, leaving ₹1,536 cr still to be spent. Axis Bank Limited watches the spending on the exchange’s behalf.

Payment of DoT liabilities and Repayment of Bank Borrowings
originally ₹15,925 cr
budget changed
86%
₹9,134 cr of ₹10,670 cr
General corporate purposes
100%
₹5,026 cr of ₹5,026 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.